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The Housing Bubble in Kenya will Burst very soon....
Rahatupu
#71 Posted : Wednesday, March 23, 2011 3:28:56 PM
Rank: Veteran

Joined: 12/4/2009
Posts: 1,982
Location: matano manne
For Sport wrote:
I would be reluctant to advice anyone to wait for the much touted bubble to burst before they invest in property.

Are these ‘bubble’ statistics reflected
1. Across the country?
2. In all home ownership segments?

If not, we’re only waiting for a price correction in a few areas. And only after the pirates stop operating.


@Forsport,
This should not worry you. Why?
Pirates money is not credit money. Once the price correction occurs no burst like US case will be witnessed. Only those who paid for over priced units will feel the difference. So if you want to invest in property its advisable to avoid long term buying over priced units such as apartments in Kileleshwa, kilimani etc.
For Sport
#72 Posted : Wednesday, March 23, 2011 4:15:06 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
Rahatupu wrote:
For Sport wrote:
I would be reluctant to advice anyone to wait for the much touted bubble to burst before they invest in property.

Are these ‘bubble’ statistics reflected
1. Across the country?
2. In all home ownership segments?

If not, we’re only waiting for a price correction in a few areas. And only after the pirates stop operating.


@Forsport,
This should not worry you. Why?
Pirates money is not credit money. Once the price correction occurs no burst like US case will be witnessed. Only those who paid for over priced units will feel the difference. So if you want to invest in property its advisable to avoid long term buying over priced units such as apartments in Kileleshwa, kilimani etc.


Kularaha, I'm not worried. I keep saying here there's no bubble. The problem in the housing market is limited to the areas you're pointing out (over pricing in upmarket areas in nbi). Our banks are too careful to loan you more than they think you qualify for.

The pirates money - meant that this is what might be driving the prices up. Correction only when its no longer there.
Rollins
#73 Posted : Wednesday, March 23, 2011 4:56:07 PM
Rank: Member

Joined: 3/23/2011
Posts: 503
I hope the Entry of Equity Bank will revolutinize the market. They should widen our options while.
Even a BrOKeN clock is right twice a day
jguru
#74 Posted : Thursday, November 24, 2011 9:30:16 AM
Rank: Veteran

Joined: 10/25/2007
Posts: 1,574
Vaunted property boom crumbling, warn analysts

http://www.nation.co.ke/...8/-/ta0q1u/-/index.html

Has the Housing Bubble finally burst?
Set out to correct the world's wrongs and you will most certainly wind up adding to them.
Lolest!
#75 Posted : Thursday, November 24, 2011 9:58:20 AM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
jguru wrote:
Vaunted property boom crumbling, warn analysts

http://www.nation.co.ke/...8/-/ta0q1u/-/index.html

Has the Housing Bubble finally burst?

it hasnt burst! The upward spiral in prices may dampen but I do not see this long-awaited burst happening
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Kihangeri
#76 Posted : Thursday, November 24, 2011 10:01:42 AM
Rank: User

Joined: 11/10/2010
Posts: 550
Location: Junction
jguru wrote:
Vaunted property boom crumbling, warn analysts

http://www.nation.co.ke/...8/-/ta0q1u/-/index.html

Has the Housing Bubble finally burst?


I have always said Kenya should have been allowed to finish the PEV clashes that some idiots planned. That way, we would have avoided the bustard government we currently have which was created to ensure teh Kikuyu and Luo eating syndrome was protected at the expense of majority of Kenya citizens.

Right now, horse trading has reached a crescendo at NEEMA for the CEOs seat. The fight is between PNU and ODM (Jaluo and Kikuyu horse trading circus). It is not about qualification but my man getting the post so that we can eat together (Note, use of the word Kikuyu here means my clan, family and friends. These jobs are never given to oursiders although you are from the same tribe. Same applies to the Jaluo scenario).

NEEMA is a serious venue of resources and whoever controls it has plenty of cash to spread around. Otherwise, how long does it take to decide who has qualified for a job after the interview? KBF people they are.

Now, Orengo, being a child of the bustard establishment can only behave like one. These are the consequences of stopping a war which would have sorted out the mess created politicians and a valid government would have been eventually established. No country has ever fought to the last man. A stronger citizenry emerges from ruins of war as ppl grow to respect each other.

When PLO visited Orengo over corruption in the lands ministry, Orengo ensured PLO was constantly in trouble within ODM. PLO had failed to recognise that he got the KACC job courtesy of ODM. So, he was supposed to play ball. Now you know what a bustard government does.
By inference, the man is all that Mr Phantom is not: an untrustworthy radical, divisive, too many enemies, a dictator, and a persistent liar...
Gaitho dialogues.


TiggerTiggy
#77 Posted : Friday, November 25, 2011 10:58:03 AM
Rank: Veteran

Joined: 10/13/2011
Posts: 660
sometimes i wonder if some of those who write these articles own any real estate. i suspect many dont and are silently hoping against hope that prices come crashing down, so they can afford to buy.
ngapat
#78 Posted : Friday, November 25, 2011 9:48:41 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
if very good shares can come down, so can good land and houses
“Invest in yourself. Your career is the engine of your wealth.”
eco
#79 Posted : Monday, June 11, 2012 1:27:10 AM
Rank: Member

Joined: 6/17/2011
Posts: 229
If such is what is referred to as a housing bubble burst, are we near anything like it in Nairobi and the rest of the Country?
subzero
#80 Posted : Wednesday, October 03, 2012 11:29:22 AM
Rank: Member

Joined: 1/10/2008
Posts: 365
CBK says that there is a sharp drop in the amount of forex inflows from unexplained sources since the military incursion in somalia

Any implications on the said 'property bubble' ?

http://www.businessdailyafrica.com/War+on+Al+Shabaab+cuts+flow+of+illicit+cash+into+economy/-/539552/1523560/-/qjbafbz/-/index.html
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