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Cant find a fairly priced but decent house near CBD!
Rank: Veteran Joined: 5/17/2007 Posts: 1,345
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South b! Rent for 3 bedromm between 35 and 45k. Most Guys then rent out the sq for 10 to 15k. You end up paying less.
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Rank: Veteran Joined: 12/21/2011 Posts: 1,010
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bwenyenye wrote Quote:wilyum wrote: Quote:
Have u checked at South B?
N just curious,why pay 40k for rent while u can pay for ur own house at the same amount every month in the upcoming flats and houses along mombasa rd?
Guys get real! A mortgage repayment of 40K at the prevailing rates for new mortgages @25% for 20 years would get you just about Kshs 1.9M. Where would you get a house with that money within even 10Kms of CBD? Nairobi is Very expensive! The point is not tht he will get mortgage at 40k but if he can afford rent at tht rate then i don't understand why he cant afford a mortgage of which is better than rent cz its a liability n two, rent paid is money going down the drain,bt kama analipia nyumba yake,he is better off placed,ikimlemea,anaweza uza n get a little bck of his money My two cents,sijui mfuko yake iko aje n i understand to be corrected.
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Rank: Elder Joined: 7/22/2009 Posts: 7,589
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wilyum wrote:bwenyenye wrote Quote:wilyum wrote: Quote:
Have u checked at South B?
N just curious,why pay 40k for rent while u can pay for ur own house at the same amount every month in the upcoming flats and houses along mombasa rd?
Guys get real! A mortgage repayment of 40K at the prevailing rates for new mortgages @25% for 20 years would get you just about Kshs 1.9M. Where would you get a house with that money within even 10Kms of CBD? Nairobi is Very expensive! The point is not tht he will get mortgage at 40k but if he can afford rent at tht rate then i don't understand why he cant afford a mortgage of which is better than rent cz its a liability n two, rent paid is money going down the drain,bt kama analipia nyumba yake,he is better off placed,ikimlemea,anaweza uza n get a little bck of his money My two cents,sijui mfuko yake iko aje n i understand to be corrected. When the current 25yrs - 45yrs generation retire, itakuwa mzigo mkubwa sana!!! These fellows live hand to mouth! It's not unccommon to see a fellow with a take home of around 100k living in a 50k house - coupled with other expenses to an extent he is always in debt! I know there is the 15 - 20% wazua types who invest wisely but 80% of fellows in this age bracket will be a burden to society in a couple of years!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Member Joined: 12/4/2007 Posts: 313
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Redondo
there is one available at woodley going for 23k a 2 bedroom if interested let me know immediately
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Rank: New-farer Joined: 1/28/2010 Posts: 81
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Rank: Elder Joined: 7/10/2008 Posts: 9,131 Location: Kanjo
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MaichBlack wrote:wilyum wrote:bwenyenye wrote Quote:wilyum wrote: Quote:
Have u checked at South B?
N just curious,why pay 40k for rent while u can pay for ur own house at the same amount every month in the upcoming flats and houses along mombasa rd?
Guys get real! A mortgage repayment of 40K at the prevailing rates for new mortgages @25% for 20 years would get you just about Kshs 1.9M. Where would you get a house with that money within even 10Kms of CBD? Nairobi is Very expensive! The point is not tht he will get mortgage at 40k but if he can afford rent at tht rate then i don't understand why he cant afford a mortgage of which is better than rent cz its a liability n two, rent paid is money going down the drain,bt kama analipia nyumba yake,he is better off placed,ikimlemea,anaweza uza n get a little bck of his money My two cents,sijui mfuko yake iko aje n i understand to be corrected. When the current 25yrs - 45yrs generation retire, itakuwa mzigo mkubwa sana!!! These fellows live hand to mouth! It's not unccommon to see a fellow with a take home of around 100k living in a 50k house - coupled with other expenses to an extent he is always in debt! I know there is the 15 - 20% wazua types who invest wisely but 80% of fellows in this age bracket will be a burden to society in a couple of years!!! life expectancy for middle krass is what? 45yrs? in that case, sioni burden  i.am.back!!!!
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Rank: Member Joined: 12/2/2009 Posts: 161 Location: nairobi
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MaichBlack wrote:wilyum wrote:bwenyenye wrote Quote:wilyum wrote: Quote:
Have u checked at South B?
N just curious,why pay 40k for rent while u can pay for ur own house at the same amount every month in the upcoming flats and houses along mombasa rd?
Guys get real! A mortgage repayment of 40K at the prevailing rates for new mortgages @25% for 20 years would get you just about Kshs 1.9M. Where would you get a house with that money within even 10Kms of CBD? Nairobi is Very expensive! The point is not tht he will get mortgage at 40k but if he can afford rent at tht rate then i don't understand why he cant afford a mortgage of which is better than rent cz its a liability n two, rent paid is money going down the drain,bt kama analipia nyumba yake,he is better off placed,ikimlemea,anaweza uza n get a little bck of his money My two cents,sijui mfuko yake iko aje n i understand to be corrected. When the current 25yrs - 45yrs generation retire, itakuwa mzigo mkubwa sana!!! These fellows live hand to mouth! It's not unccommon to see a fellow with a take home of around 100k living in a 50k house - coupled with other expenses to an extent he is always in debt! I know there is the 15 - 20% wazua types who invest wisely but 80% of fellows in this age bracket will be a burden to society in a couple of years!!! @ wilyum and maichblack, i appreciate your feedback and advice. But just for the record, let me state that iam currently servicing a mortgage in Ongata rongai. Its a lovely three bedroom bungalow on 1/8 th of an acre. I am fortunate to have a preferential rate(7%) and my monthly mortgage repayment is less than 30k. The trouble is: having lived there for the last 3 years, the amount of time spent on the road is taking a toll on me and my family. How do you justify spending around 4 hrs every day travelling to and from work? Do the math and you will see that i have spent about 5 months in traffic jam over the last 3 years. Its for this reason that i have decided to Let out my Rongai house and move closer to the CBD.
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Rank: Member Joined: 12/2/2009 Posts: 161 Location: nairobi
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danny6 wrote:Redondo
there is one available at woodley going for 23k a 2 bedroom if interested let me know immediately @ danny6 email your number to veewk@yahoo.com and i will call you up immediately
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Rank: Veteran Joined: 12/21/2011 Posts: 1,010
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redondo wrote: Quote:MaichBlack wrote: Quote:wilyum wrote: Quote:bwenyenye wrote Quote:wilyum wrote Quote:
Have u checked at South B?
N just curious,why pay 40k for rent while u can pay for ur own house at the same amount every month in the upcoming flats and houses along mombasa rd?
Guys get real! A mortgage repayment of 40K at the prevailing rates for new mortgages @25% for 20 years would get you just about Kshs 1.9M. Where would you get a house with that money within even 10Kms of CBD? Nairobi is Very expensive! The point is not tht he will get mortgage at 40k but if he can afford rent at tht rate then i don't understand why he cant afford a mortgage of which is better than rent cz its a liability n two, rent paid is money going down the drain,bt kama analipia nyumba yake,he is better off placed,ikimlemea,anaweza uza n get a little bck of his money My two cents,sijui mfuko yake iko aje n i understand to be corrected. When the current 25yrs - 45yrs generation retire, itakuwa mzigo mkubwa sana!!! These fellows live hand to mouth! It's not unccommon to see a fellow with a take home of around 100k living in a 50k house - coupled with other expenses to an extent he is always in debt! I know there is the 15 - 20% wazua types who invest wisely but 80% of fellows in this age bracket will be a burden to society in a couple of years!!! @ wilyum and maichblack, i appreciate your feedback and advice. But just for the record, let me state that iam currently servicing a mortgage in Ongata rongai. Its a lovely three bedroom bungalow on 1/8 th of an acre. I am fortunate to have a preferential rate(7%) and my monthly mortgage repayment is less than 30k. The trouble is: having lived there for the last 3 years, the amount of time spent on the road is taking a toll on me and my family. How do you justify spending around 4 hrs every day travelling to and from work? Do the math and you will see that i have spent about 5 months in traffic jam over the last 3 years. Its for this reason that i have decided to Let out my Rongai house and move closer to the CBD. u welcome my broda bt i could help at tht
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Rank: Member Joined: 12/4/2007 Posts: 313
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redondo
check your mail.Good luck.
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Rank: Member Joined: 5/2/2007 Posts: 536
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This interesting thread has brought up two issues that sometimes are at logger heads: which is more important -> spending more time with family (less time in the jam - imagine 15% - 20% of your life in jam like @redondo) or owning property (that you can afford).
Tricky balance!
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Rank: Elder Joined: 11/28/2006 Posts: 1,799
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redondo wrote:MaichBlack wrote:wilyum wrote:bwenyenye wrote Quote:wilyum wrote: Quote:
Have u checked at South B?
N just curious,why pay 40k for rent while u can pay for ur own house at the same amount every month in the upcoming flats and houses along mombasa rd?
Guys get real! A mortgage repayment of 40K at the prevailing rates for new mortgages @25% for 20 years would get you just about Kshs 1.9M. Where would you get a house with that money within even 10Kms of CBD? Nairobi is Very expensive! The point is not tht he will get mortgage at 40k but if he can afford rent at tht rate then i don't understand why he cant afford a mortgage of which is better than rent cz its a liability n two, rent paid is money going down the drain,bt kama analipia nyumba yake,he is better off placed,ikimlemea,anaweza uza n get a little bck of his money My two cents,sijui mfuko yake iko aje n i understand to be corrected. When the current 25yrs - 45yrs generation retire, itakuwa mzigo mkubwa sana!!! These fellows live hand to mouth! It's not unccommon to see a fellow with a take home of around 100k living in a 50k house - coupled with other expenses to an extent he is always in debt! I know there is the 15 - 20% wazua types who invest wisely but 80% of fellows in this age bracket will be a burden to society in a couple of years!!! @ wilyum and maichblack, i appreciate your feedback and advice. But just for the record, let me state that iam currently servicing a mortgage in Ongata rongai. Its a lovely three bedroom bungalow on 1/8 th of an acre. I am fortunate to have a preferential rate(7%) and my monthly mortgage repayment is less than 30k. The trouble is: having lived there for the last 3 years, the amount of time spent on the road is taking a toll on me and my family. How do you justify spending around 4 hrs every day travelling to and from work? Do the math and you will see that i have spent about 5 months in traffic jam over the last 3 years. Its for this reason that i have decided to Let out my Rongai house and move closer to the CBD. @madondo, Go for it.. wachana na pang'ang'a za wazua.. if u rent out ur house in rongai and use the deficit to offset ur rent karibu CBD ni sawa.. plus the savings ul make from reduced KM na pia hizo mwezi zote kwa jam... try looking for a main house in south B or C with an SQ. the price might be over 40k rent but u recover abit by renting out the SQ.. adjusting from living in a massionate to living in a flat juu ya hewa sio mchezo..makelele ya pinetrees crashing into airports etc..
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Rank: Elder Joined: 10/23/2008 Posts: 3,966
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@redondo, just a thought; why don't you wait for the completion of the Langata-Bomas dual, then see if you'll be spending less time on the road to Ongata Rongai? Luck is when Preparation meets Opportunity. ~ Lucius Annaeus Seneca
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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chemos wrote:redondo wrote:MaichBlack wrote:wilyum wrote:bwenyenye wrote Quote:wilyum wrote: Quote:
Have u checked at South B?
N just curious,why pay 40k for rent while u can pay for ur own house at the same amount every month in the upcoming flats and houses along mombasa rd?
Guys get real! A mortgage repayment of 40K at the prevailing rates for new mortgages @25% for 20 years would get you just about Kshs 1.9M. Where would you get a house with that money within even 10Kms of CBD? Nairobi is Very expensive! The point is not tht he will get mortgage at 40k but if he can afford rent at tht rate then i don't understand why he cant afford a mortgage of which is better than rent cz its a liability n two, rent paid is money going down the drain,bt kama analipia nyumba yake,he is better off placed,ikimlemea,anaweza uza n get a little bck of his money My two cents,sijui mfuko yake iko aje n i understand to be corrected. When the current 25yrs - 45yrs generation retire, itakuwa mzigo mkubwa sana!!! These fellows live hand to mouth! It's not unccommon to see a fellow with a take home of around 100k living in a 50k house - coupled with other expenses to an extent he is always in debt! I know there is the 15 - 20% wazua types who invest wisely but 80% of fellows in this age bracket will be a burden to society in a couple of years!!! @ wilyum and maichblack, i appreciate your feedback and advice. But just for the record, let me state that iam currently servicing a mortgage in Ongata rongai. Its a lovely three bedroom bungalow on 1/8 th of an acre. I am fortunate to have a preferential rate(7%) and my monthly mortgage repayment is less than 30k. The trouble is: having lived there for the last 3 years, the amount of time spent on the road is taking a toll on me and my family. How do you justify spending around 4 hrs every day travelling to and from work? Do the math and you will see that i have spent about 5 months in traffic jam over the last 3 years. Its for this reason that i have decided to Let out my Rongai house and move closer to the CBD. @madondo, Go for it.. wachana na pang'ang'a za wazua.. if u rent out ur house in rongai and use the deficit to offset ur rent karibu CBD ni sawa.. plus the savings ul make from reduced KM na pia hizo mwezi zote kwa jam... try looking for a main house in south B or C with an SQ. the price might be over 40k rent but u recover abit by renting out the SQ.. adjusting from living in a massionate to living in a flat juu ya hewa sio mchezo..makelele ya pinetrees crashing into airports etc.. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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@Madondo, how are you faring? If Obiero did it, Who Am I?
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