Rank: Member Joined: 3/26/2012 Posts: 830
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I never understand why people even bother to buy apartments etc if they can't get the title deed to the land. The developers then charge them service charges that almost match the rent in that area. I maintain that no sober investor should buy property without full ownership of the land. Leave apartments to the "know it all" young professionals who get shafted because they want to show off their address. Personally,I will never buy an apartment,and would rather buy land and build a townhouse,an apartment block to rent out,or be a happy tenant. Money should buy you freedom,but in deals like this Casa Mia case,it doesn't serve its purpose 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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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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S.Mutaga III wrote:I never understand why people even bother to buy apartments etc if they can't get the title deed to the land. The developers then charge them service charges that almost match the rent in that area. I maintain that no sober investor should buy property without full ownership of the land. Leave apartments to the "know it all" young professionals who get shafted because they want to show off their address. Personally,I will never buy an apartment,and would rather buy land and build a townhouse,an apartment block to rent out,or be a happy tenant. Money should buy you freedom,but in deals like this Casa Mia case,it doesn't serve its purpose this is true kabisa. im seeing a bubble burst somewhere soon.. Shafting continues.....
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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In the developed world the middle and upper class live in surburbia 20 or 30 km from the cbd, like casa mia, where they have space to do some gardening and their kids have space to play. Apartments in the inner city (within 5km of cbd) are for the poor who cant afford space, freedom and the quiet that surburbs afford. But in kenya the situation is quite peculiar.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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enyands wrote:S.Mutaga III wrote:I never understand why people even bother to buy apartments etc if they can't get the title deed to the land. The developers then charge them service charges that almost match the rent in that area. I maintain that no sober investor should buy property without full ownership of the land. Leave apartments to the "know it all" young professionals who get shafted because they want to show off their address. Personally,I will never buy an apartment,and would rather buy land and build a townhouse,an apartment block to rent out,or be a happy tenant. Money should buy you freedom,but in deals like this Casa Mia case,it doesn't serve its purpose this is true kabisa. im seeing a bubble burst somewhere soon.. Shafting continues..... this has nothing to do with a real estate bubble, it's just "normal robbery" 
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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hardwood wrote:In the developed world the middle and upper class live in surburbia 20 or 30 km from the cbd, like casa mia, where they have space to do some gardening and their kids have space to play. Apartments in the inner city (within 5km of cbd) are for the poor who cant afford space, freedom and the quiet that surburbs afford. But in kenya the situation is quite peculiar. This is a blatant lie! First of there are no apartments in suburbia, the ones that are there are on the periphery and usually reserved for the poor. The very definition of suburbia is a place where you can raise your family, in a house, with its own backyard! Secondly, you are just clueless, apartments in the inner city are black gold for the past few years because of a thing called gentrification! Google it, then google how much an apartment ( not even apartment, a studio) in San Francisco goes for, uwache kutubeba mafala!! Lastly, service charges are quite high in places like New York where you are paying for the address (location) for the convenience of living in the city, for security, for garbage bla bla bla, huko mashambani what is the 22,000 for?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nabwire wrote:hardwood wrote:In the developed world the middle and upper class live in surburbia 20 or 30 km from the cbd, like casa mia, where they have space to do some gardening and their kids have space to play. Apartments in the inner city (within 5km of cbd) are for the poor who cant afford space, freedom and the quiet that surburbs afford. But in kenya the situation is quite peculiar. This is a blatant lie! First of there are no apartments in suburbia, the ones that are there are on the periphery and usually reserved for the poor. The very definition of suburbia is a place where you can raise your family, in a house, with its own backyard! Secondly, you are just clueless, apartments in the inner city are black gold for the past few years because of a thing called gentrification! Google it, then google how much an apartment ( not even apartment, a studio) in San Francisco goes for, uwache kutubeba mafala!! Lastly, service charges are quite high in places like New York where you are paying for the address (location) for the convenience of living in the city, for security, for garbage bla bla bla, huko mashambani what is the 22,000 for? I think it depends on the city, some suburbia accept apartments as long as they are not several blocks or congested and the amenities (parking, landscaping etc) are a match to those in the suburb. Lakini what am reading here ati 1/12 of a plot..that's a slum. Residents of some dorm cities hosting several suburbs will vote whether to or not to have apartments. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Nabwire wrote:hardwood wrote:In the developed world the middle and upper class live in surburbia 20 or 30 km from the cbd, like casa mia, where they have space to do some gardening and their kids have space to play. Apartments in the inner city (within 5km of cbd) are for the poor who cant afford space, freedom and the quiet that surburbs afford. But in kenya the situation is quite peculiar. This is a blatant lie! First of there are no apartments in suburbia, the ones that are there are on the periphery and usually reserved for the poor. The very definition of suburbia is a place where you can raise your family, in a house, with its own backyard! Secondly, you are just clueless, apartments in the inneru city are black gold for the past few years because of a thing called gentrification! Google it, then google how much an apartment ( not even apartment, a studio) in San Francisco goes for, uwache kutubeba mafala!! Lastly, service charges are quite high in places like New York where you are paying for the address (location) for the convenience of living in the city, for security, for garbage bla bla bla, huko mashambani what is the 22,000 for? So what is the problem? I never talked of apartments in surburbia. Who the hell would think of apartments in surburbia? All i said is that in surburbia you can raise a family and do some gardening.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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hardwood wrote:Nabwire wrote:hardwood wrote:In the developed world the middle and upper class live in surburbia 20 or 30 km from the cbd, like casa mia, where they have space to do some gardening and their kids have space to play. Apartments in the inner city (within 5km of cbd) are for the poor who cant afford space, freedom and the quiet that surburbs afford. But in kenya the situation is quite peculiar. This is a blatant lie! First of there are no apartments in suburbia, the ones that are there are on the periphery and usually reserved for the poor. The very definition of suburbia is a place where you can raise your family, in a house, with its own backyard! Secondly, you are just clueless, apartments in the inneru city are black gold for the past few years because of a thing called gentrification! Google it, then google how much an apartment ( not even apartment, a studio) in San Francisco goes for, uwache kutubeba mafala!! Lastly, service charges are quite high in places like New York where you are paying for the address (location) for the convenience of living in the city, for security, for garbage bla bla bla, huko mashambani what is the 22,000 for? So what is the problem? I never talked of apartments in surburbia. Who the hell would think of apartments in surburbia? All i said is that in surburbia you can raise a family and do some gardening. You made the unholy sin of comparing Casa Mia, found in the bundus to suburbian houses in the developed world without even batting an eye lid! Then went on to castigate inner city apartments. Apart from that, no other problem detected!
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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hardwood wrote:In the developed world the middle and upper class live in surburbia 20 or 30 km from the cbd, like casa mia, where they have space to do some gardening and their kids have space to play. Apartments in the inner city (within 5km of cbd) are for the poor who cant afford space, freedom and the quiet that surburbs afford. But in kenya the situation is quite peculiar. Not in NYC. Or the Bay Area [San Francisco]. Crazy prices in/near their CBDs. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 5/22/2014 Posts: 56
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Daly City is a Suburb of San Francisco.. Studio = $1800.. 2Bedroom = $4500.
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Rank: New-farer Joined: 7/17/2014 Posts: 15 Location: Geneva
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The service charge mentioned in Casa Mia has been annualized, they don't mean 22K per month, its the annual service charge for Year 1 when the estate shall be complete. There after the new management committee (residents) shall commence running the estate and charge service charge commensurate to the needs of the estate. Regards,
Jimmy Boy
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Rank: New-farer Joined: 5/22/2014 Posts: 56
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@Jimmy Boy... if the 22K is annual... it changes the whole Matrix... i have tried getting hold of Hass Consult and always Mteja.. When you think of it very well... 22K a month is far fetched.
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Dawnwoods wrote:Daly City is a Suburb of San Francisco.. Studio = $1800.. 2Bedroom = $4500. solution link
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Rank: New-farer Joined: 5/22/2014 Posts: 56
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@enyands... lol solution link.. Sleeping in a Truck... Well.. Hopefully the Law and the Outlaws, Cossacks, Hells Angels dont know you are there.. However, North Dakota has law allowing people to live in Winnebago's.. related to the Fracking bonanza.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Before Hardwood starts converting and dreaming of how he can also charge those insane amounts, remember that San Francisco, San Jose, even Oakland are insanely expensive because all the techies from Google, Facebook, Apple, basically Silicon valley engineers live there. They cant afford to live in Palo Alto or Mountain view just yet, coz thats reserved for that big big money! Ridiculous rates have to be justified by something, in NYC, its Wallstreet Bankers and old money who make the rents super high!
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Hass consult also did Edenville on Kiambu road. I visited a friend who lives there and was impressed by the development and the ambiance. I trust that casa mia will turn out well. I remember when edenville started it go similar bashing being given to casa mia e.g: http://www.wazua.co.ke/f...s&m=73130#post73130
muganda wrote:I vividly remember the Saturday - bright, sunny, cheery - when she said 'Please take me to see Edenville'. I confess I've never been too party to property, but a man needs to do what a man needs to do. So there I was driving on Kiambu Road, past the Windsor turnoff, then past the Paradise Lost turnoff, and on and on. As most searches for property go, we got lost. After a quick Google mobile search to affirm we were still on the right road, we went on possibly another 2kms until we saw big banner on our left hand side. It was definitely not in Muthaiga or Ridgeways. And the Boma Road was not labelled. In fact a drive on the rough road for another 5 mins just brought us to... (their architectural flair is only second to their marketing flair)...brought us to nowhere - just a small sign on the coffee bushes; no cleared patch or anything. Okay timeout - so it's just another concept development at an early stage. Prices attractive and HassConsult's first foray from property management to managing developments. And they say the road will be built. Slightly disappointed though that they want to build another estate on 1/8 acre plots in the bush. Hmmmn, Kenyans and our love of property!!! And yes on the way there you do pass Suraya's Fourways Junction development http://www.suraya.co.ke/FourwaysJunction%20.html. Closer, just after Windsor turnoff, and almost the same price. Here the houses are at roofing stage. Is it true that there are some issues with Fourways Junction approvals preventing progress? But today, edenville is the place to live.  
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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You are probably right, I am not saying the value of the property wont shoot up, we were just against the 22K charge. Plus 1/12th acre sounds quite small
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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A 40x80 plot is 0.07acres, while a 1/12th is 0.08 acres. Thus the casa mia 1/12th is larger than the commonly marketed 40x80 plots.
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Rank: Elder Joined: 12/17/2009 Posts: 3,583 Location: Kenya
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Jimmy Boy wrote:The service charge mentioned in Casa Mia has been annualized, they don't mean 22K per month, its the annual service charge for Year 1 when the estate shall be complete. There after the new management committee (residents) shall commence running the estate and charge service charge commensurate to the needs of the estate. Makes sense, then the deal becomes more interesting - they must be pegging it on the rumored greater eastern bypass, that I think is said will pass by around that vicinity, plus the plans of expanding Kangundo road.
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