Flo-ology wrote:Mike Ock wrote:[quote=hardwood]Since your car should cost no more than 10% the value of your "owner occupied home", I hope this 5.4m car will be parked outside a home worth at least 54m......and not some 12m apartment at kileleshwa or even worse a 3.5m apartment huko mombasa rd.
Who came with that 10% rule? May be owning a 6m car will lead to more opportunities which may lead to 100m house. You know some business/deals is all about image...
Not a general rule, but most people who live in houses cheaper than their Image-Cars rarely pay debts. Ni jamaa wamadeni.
They just dont settle debts. Ni kama ugonjwa. A guy driving a merc/BMW and cant pay you and will never pay you 5k. Some live in Kilimani or Westlands, in most cases in a rented house and they just don't pay. You repair his/her car or computer utalipwa Yesu akirudi.