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So we have 8700 dollar millionaires in Kenya!
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S.Mutaga III
#21 Posted : Friday, July 24, 2015 1:43:52 PM
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Joined: 3/26/2012
Posts: 830
What exactly does it take to be middle class in Kenya (2015)? I saw the other day plots in Kahawa going for as high as 15 million whereas a lecturer earns around 100k net which got me thinking...will a lecturer ever afford a plot in Kahawa with his savings? Of course not!For most professionals,owning a house or rental property in a nice place around Nairobi is increasingly becoming a pipe dream:(
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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guru267
#22 Posted : Saturday, July 25, 2015 8:09:25 PM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
S.Mutaga III wrote:
What exactly does it take to be middle class in Kenya (2015)? I saw the other day plots in Kahawa going for as high as 15 million whereas a lecturer earns around 100k net which got me thinking...will a lecturer ever afford a plot in Kahawa with his savings? Of course not!For most professionals,owning a house or rental property in a nice place around Nairobi is increasingly becoming a pipe dream:(


If that lecturer invested rather than saved he/she would be among the 8,700..
Those who hoard money in banks are always destined for lower middle class.
Mark 12:29
Deuteronomy 4:16
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Gathige
#23 Posted : Saturday, July 25, 2015 8:35:30 PM
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Joined: 3/29/2011
Posts: 2,242
S.Mutaga III wrote:
What exactly does it take to be middle class in Kenya (2015)? I saw the other day plots in Kahawa going for as high as 15 million whereas a lecturer earns around 100k net which got me thinking...will a lecturer ever afford a plot in Kahawa with his savings? Of course not!For most professionals,owning a house or rental property in a nice place around Nairobi is increasingly becoming a pipe dream:(




The same plots in Kahawa Sukari were initially bought by the same lecturers I hear for as low as 30k then.

The obsession with undeveloped land will soon be a thing of the past. There is too much buying-for-speculation where the buyers have no plans to develop the plots but to hoard and sell later when prices rise.
"Things that matter most must never be at the mercy of things that matter least." Goethe
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whiteowl
#24 Posted : Saturday, August 01, 2015 1:54:38 AM
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Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
This a gross underestimate. There must be more than 500,000 dollar millionaires in Kenya in cash and other liquid assets.
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Cornelius Vanderbilt
#25 Posted : Sunday, August 16, 2015 6:33:17 PM
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Joined: 8/15/2015
Posts: 817
damn. i feel so broker!
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Mike Ock
#26 Posted : Monday, August 17, 2015 8:05:36 PM
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Joined: 1/22/2015
Posts: 682
S.Mutaga III wrote:
What exactly does it take to be middle class in Kenya (2015)? I saw the other day plots in Kahawa going for as high as 15 million whereas a lecturer earns around 100k net which got me thinking...will a lecturer ever afford a plot in Kahawa with his savings? Of course not!For most professionals,owning a house or rental property in a nice place around Nairobi is increasingly becoming a pipe dream:(

Sometimes it feels like only thieves, diplomats and those in big business can enjoy life in this Nairobi
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Cornelius Vanderbilt
#27 Posted : Saturday, March 05, 2016 9:22:52 AM
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Joined: 8/15/2015
Posts: 817
$$$$$$ ALERT .

while you were busy facebooking,tweeting and double tapping that ass of instagram and eating fish then posting it on wazua he.eh.eh.eh this happened

http://www.businessdaily...50/-/u849xk/-/index.html
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Jon Jones
#28 Posted : Saturday, March 05, 2016 7:18:46 PM
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Joined: 9/11/2015
Posts: 245
Location: Thika
Sometimes I wonder. With rent in ridgeways, runda etc where an apartment goes for 100k a month, how much do those guys earn, to live there and drive fuel guzzlers...they must be earning at least half a million per month...or 1 million if they have families
Since men have learned to shoot without missing, I have learned to fly without perching
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MaichBlack
#29 Posted : Saturday, March 05, 2016 7:34:02 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,846
guru267 wrote:
S.Mutaga III wrote:
What exactly does it take to be middle class in Kenya (2015)? I saw the other day plots in Kahawa going for as high as 15 million whereas a lecturer earns around 100k net which got me thinking...will a lecturer ever afford a plot in Kahawa with his savings? Of course not!For most professionals,owning a house or rental property in a nice place around Nairobi is increasingly becoming a pipe dream:(


If that lecturer invested rather than saved he/she would be among the 8,700..
Those who hoard money in banks are always destined for lower middle class.

What if the lecturer invested in Home Africa???

He would be lower poverty class pap!!!
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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kiash
#30 Posted : Saturday, March 05, 2016 11:48:22 PM
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Joined: 4/27/2010
Posts: 951
Location: Nyumbani
Jon Jones wrote:
Sometimes I wonder. With rent in ridgeways, runda etc where an apartment goes for 100k a month, how much do those guys earn, to live there and drive fuel guzzlers...they must be earning at least half a million per month...or 1 million if they have families


I also wonder the same. I even saw some maisonettes going for 250K a month hata ma expatriates sidhani they can afford some of those rents.Unless one is a CEO somewhere.I say kweli watu wana pesa.How do people afford to live in such places? where do they work? what do they do ?
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