wazua Wed, Mar 25, 2026
Welcome Guest Search | Active Topics | Log In

6 Pages<12345>»
So we have 8700 dollar millionaires in Kenya!
Options
Previous Topic · Next Topic
S.Mutaga III
#21 Posted : Friday, July 24, 2015 1:43:52 PM
Rank: Member

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.
Back to top
  |
guru267
#22 Posted : Saturday, July 25, 2015 8:09:25 PM
Rank: Elder

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
Back to top
  |
Gathige
#23 Posted : Saturday, July 25, 2015 8:35:30 PM
Rank: Elder

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
Back to top
  |
whiteowl
#24 Posted : Saturday, August 01, 2015 1:54:38 AM
Rank: Veteran

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.
Back to top
  |
Cornelius Vanderbilt
#25 Posted : Sunday, August 16, 2015 6:33:17 PM
Rank: Member

Joined: 8/15/2015
Posts: 817
damn. i feel so broker!
Back to top
  |
Mike Ock
#26 Posted : Monday, August 17, 2015 8:05:36 PM
Rank: Member

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
Back to top
WWW
  |
Cornelius Vanderbilt
#27 Posted : Saturday, March 05, 2016 9:22:52 AM
Rank: Member

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
Back to top
  |
Jon Jones
#28 Posted : Saturday, March 05, 2016 7:18:46 PM
Rank: Member

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
Back to top
WWW
  |
MaichBlack
#29 Posted : Saturday, March 05, 2016 7:34:02 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,848
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.
Back to top
  |
kiash
#30 Posted : Saturday, March 05, 2016 11:48:22 PM
Rank: Veteran

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 ?
Back to top
  |
6 Pages<12345>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.