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Do this expensive plots get buyers?
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TiggerTiggy
#11 Posted : Tuesday, April 17, 2012 6:54:50 PM
Rank: Veteran

Joined: 10/13/2011
Posts: 660
african coloner wrote:
I just wondered wheather this expensive plots onsale everywhere get buyers, how can someone afford 10 million just for a plot? it makes no economic sense.

i have a pal who has a well located plot. he was not even thinking of selling it. somehow some fellows went to ardhi house or ccn and got his details, and made him a good offer. if location is good, you will get a buyer.
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vky
#12 Posted : Tuesday, April 17, 2012 8:01:25 PM
Rank: Member

Joined: 6/17/2010
Posts: 572
if I had 20m wouldnt spend it on real estate think its overrated, now wat I would do is get 100 acres in kajiado for 10m plant fast maturing trees on it, harvest in 7-10yrs and still have change to buy a three bedroomed bungalow off thika rd
'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
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tom_boy
#13 Posted : Tuesday, April 17, 2012 11:27:04 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
vky wrote:
if I had 20m wouldnt spend it on real estate think its overrated, now wat I would do is get 100 acres in kajiado for 10m plant fast maturing trees on it, harvest in 7-10yrs and still have change to buy a three bedroomed bungalow off thika rd

I think this business of planting trees is over rated and over simplified. First, which trees of economic value will grow in Kajiado. Second, forget selling to KPLC, they are now using concrete poles. Third, how will you safeguard your investment to make sure your trees are not harvested while you are away. Me thinks I would buy a plot and develop it with the cash or buy in a strategic location and wait for the money to come to me.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Impunity
#14 Posted : Wednesday, April 18, 2012 4:12:50 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
pariah wrote:
I always wondered too, I know a friend who is looking for such a plot at the moment and she aptly puts it this way, 'nataka plot nitajenga nyumba ya kijaluo kweli'



parah = she smile
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Impunity
#15 Posted : Wednesday, April 18, 2012 4:14:48 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
pariah wrote:
I always wondered too, I know a friend who is looking for such a plot at the moment and she aptly puts it this way, 'nataka plot nitajenga nyumba ya kijaluo kweli'



pariah = she smile

Konfirmed!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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sparkly
#16 Posted : Wednesday, April 18, 2012 7:25:22 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Impunity wrote:
pariah wrote:
I always wondered too, I know a friend who is looking for such a plot at the moment and she aptly puts it this way, 'nataka plot nitajenga nyumba ya kijaluo kweli'



pariah = she smile

Konfirmed!



how?
Life is short. Live passionately.
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QW25091985
#17 Posted : Wednesday, April 18, 2012 7:34:18 AM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
sparkly wrote:
Impunity wrote:
pariah wrote:
I always wondered too, I know a friend who is looking for such a plot at the moment and she aptly puts it this way, 'nataka plot nitajenga nyumba ya kijaluo kweli'



pariah = she smile

Konfirmed!



how?


'she' is the friend of @pariah . aishhhh. dnt jump into conclusions . smile
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GGK
#18 Posted : Wednesday, April 18, 2012 7:55:03 AM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
tom_boy wrote:
vky wrote:
if I had 20m wouldnt spend it on real estate think its overrated, now wat I would do is get 100 acres in kajiado for 10m plant fast maturing trees on it, harvest in 7-10yrs and still have change to buy a three bedroomed bungalow off thika rd

I think this business of planting trees is over rated and over simplified. First, which trees of economic value will grow in Kajiado..


I think so.... trees are overrated. I planted some I bought from Karura in 06 and I made to understand they mature within 7-10 years. The last time I checked, they were very thin and don't look anywhere near maturity.

Plots will always get a buyer, no matter the price tag. Location is Key as it dictates the application. e.g. if you want to put up a petrol station, a plot on the 3rd row is useless. You need one next to the road
"..I am because we are. "― Ubuntu, Umtu,
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Marty
#19 Posted : Wednesday, April 18, 2012 7:55:05 AM
Rank: Veteran

Joined: 3/31/2008
Posts: 761
Location: Nairobi
I am a developer and I also sell plots but one things I have noted business people just do their maths and if it makes sense to buy a plot even for 50M, they'll do so. There is something we call investing for 'cash flow' purposes and that is what guides most of these real estate investments. Personally I'd not mind such a plot if it makes business sense. Another thing that people fail to capture is an 1/8th in Kinoo going for 6M in comparison to 1/2 acre in Karen at 20M, the former is more expensive when u look at the size vs the cost.
When I admire the wonder of a sunset or the beauty
of the moon, my soul expands in worship of the Creator.
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Mainat
#20 Posted : Wednesday, April 18, 2012 9:34:35 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
It depends on your perspective. To make a million, you will usually find that you need to spend 0.5m; to make 10m, you need to spend 5m. Unless you are going to steal, invent something or inherit, that is how wealth is created.
Sehemu ndio nyumba
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