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Caroline Mutoko's take on the property market
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MugundaMan
#21 Posted : Thursday, September 27, 2018 1:36:57 PM
Rank: Elder


Joined: 1/8/2018
Posts: 2,211
Location: DC (Dustbowl County)
hardwood wrote:
Interesting take on kenya's real estate. This will be music to @mugundaman's ears. Nice quote at around 10.25 that says "the trick in real estate is to buy land and not bricks (apartments) because bricks always devalue while land always appreciates"...."you make much more after 10yrs by buying empty land than buying an expensive flat".

In other words it's better to put your money in the dustbowl than in an apartment in lavi.





Drool Drool Drool

But the big money is in not just buying land but also developing that land over time. Hata subdividers and sellers of 1/8ths from huge parcels cannot match those returns over the very long term IMHO, even though they (subdividers) seem to make the most roaring profits in the short to medium term.
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Kate_Mbarire
#22 Posted : Thursday, September 27, 2018 4:05:45 PM
Rank: New-farer


Joined: 9/4/2018
Posts: 64
Location: Nairobi
hardwood wrote:
Interesting take on kenya's real estate. This will be music to @mugundaman's ears. Nice quote at around 10.25 that says "the trick in real estate is to buy land and not bricks (apartments) because bricks always devalue while land always appreciates"...."you make much more after 10yrs by buying empty land than buying an expensive flat".

In other words it's better to put your money in the dustbowl than in an apartment in lavi.





Hardwood this is a great one!!Asante sana
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Wakanyugi
#23 Posted : Friday, September 28, 2018 12:48:42 PM
Rank: Veteran


Joined: 7/3/2007
Posts: 1,634
Kate_Mbarire wrote:
hardwood wrote:
Interesting take on kenya's real estate. This will be music to @mugundaman's ears. Nice quote at around 10.25 that says "the trick in real estate is to buy land and not bricks (apartments) because bricks always devalue while land always appreciates"...."you make much more after 10yrs by buying empty land than buying an expensive flat".

In other words it's better to put your money in the dustbowl than in an apartment in lavi.





Hardwood this is a great one!!Asante sana


This Mzungu is talking a load of crap - granted his message seems targeted at his fellow, ignorant Bazungu.

Eti Kenya has turned socialist because the Government has made primary school education free. And of course in his Belgium basic education is not free?

He should take that Ayn Rand crap to Trumpland.

"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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wukan
#24 Posted : Friday, September 28, 2018 1:19:54 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,590
Wakanyugi wrote:


This Mzungu is talking a load of crap - granted his message seems targeted at his fellow, ignorant Bazungu.

Eti Kenya has turned socialist because the Government has made primary school education free. And of course in his Belgium basic education is not free?

He should take that Ayn Rand crap to Trumpland.



I thought Kenya has doing african socialism from 1966.The only capitalism in KE is cronyism-living off the taxpayer.
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tinker
#25 Posted : Friday, September 28, 2018 2:58:19 PM
Rank: Member


Joined: 11/15/2010
Posts: 454
Location: Nairobi
Wakanyugi wrote:
Kate_Mbarire wrote:
hardwood wrote:
Interesting take on kenya's real estate. This will be music to @mugundaman's ears. Nice quote at around 10.25 that says "the trick in real estate is to buy land and not bricks (apartments) because bricks always devalue while land always appreciates"...."you make much more after 10yrs by buying empty land than buying an expensive flat".

In other words it's better to put your money in the dustbowl than in an apartment in lavi.





Hardwood this is a great one!!Asante sana


This Mzungu is talking a load of crap - granted his message seems targeted at his fellow, ignorant Bazungu.

Eti Kenya has turned socialist because the Government has made primary school education free. And of course in his Belgium basic education is not free?

He should take that Ayn Rand crap to Trumpland.



Very shallow and very ignorant. He should be deported ASAP.
....He who began a good work in you will carry it on to completion..
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Wakanyugi
#26 Posted : Friday, September 28, 2018 3:29:22 PM
Rank: Veteran


Joined: 7/3/2007
Posts: 1,634
tinker wrote:
Wakanyugi wrote:
Kate_Mbarire wrote:
hardwood wrote:
Interesting take on kenya's real estate. This will be music to @mugundaman's ears. Nice quote at around 10.25 that says "the trick in real estate is to buy land and not bricks (apartments) because bricks always devalue while land always appreciates"...."you make much more after 10yrs by buying empty land than buying an expensive flat".

In other words it's better to put your money in the dustbowl than in an apartment in lavi.





Hardwood this is a great one!!Asante sana


This Mzungu is talking a load of crap - granted his message seems targeted at his fellow, ignorant Bazungu.

Eti Kenya has turned socialist because the Government has made primary school education free. And of course in his Belgium basic education is not free?

He should take that Ayn Rand crap to Trumpland.



Very shallow and very ignorant. He should be deported ASAP.


Not so fast!

If stupidity were a deportable crime, a majority of Wazuastan's population would have been Migunad long ago.
"The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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Impunity
#27 Posted : Saturday, September 29, 2018 12:07:28 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
tinker wrote:
Wakanyugi wrote:
Kate_Mbarire wrote:
hardwood wrote:
Interesting take on kenya's real estate. This will be music to @mugundaman's ears. Nice quote at around 10.25 that says "the trick in real estate is to buy land and not bricks (apartments) because bricks always devalue while land always appreciates"...."you make much more after 10yrs by buying empty land than buying an expensive flat".

In other words it's better to put your money in the dustbowl than in an apartment in lavi.





Hardwood this is a great one!!Asante sana


This Mzungu is talking a load of crap - granted his message seems targeted at his fellow, ignorant Bazungu.

Eti Kenya has turned socialist because the Government has made primary school education free. And of course in his Belgium basic education is not free?

He should take that Ayn Rand crap to Trumpland.



Very shallow and very ignorant. He should be deported ASAP.


Laughing out loudly
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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tandich
#28 Posted : Saturday, September 29, 2018 11:02:20 AM
Rank: Member


Joined: 5/6/2008
Posts: 199
wukan wrote:
Wakanyugi wrote:


This Mzungu is talking a load of crap - granted his message seems targeted at his fellow, ignorant Bazungu.

Eti Kenya has turned socialist because the Government has made primary school education free. And of course in his Belgium basic education is not free?

He should take that Ayn Rand crap to Trumpland.



I thought Kenya has doing african socialism from 1966.The only capitalism in KE is cronyism-living off the taxpayer.


Gospel!
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obiero
#29 Posted : Saturday, September 29, 2018 12:53:54 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,516
Location: nairobi
Impunity wrote:
tinker wrote:
Wakanyugi wrote:
Kate_Mbarire wrote:
hardwood wrote:
Interesting take on kenya's real estate. This will be music to @mugundaman's ears. Nice quote at around 10.25 that says "the trick in real estate is to buy land and not bricks (apartments) because bricks always devalue while land always appreciates"...."you make much more after 10yrs by buying empty land than buying an expensive flat".

In other words it's better to put your money in the dustbowl than in an apartment in lavi.





Hardwood this is a great one!!Asante sana


This Mzungu is talking a load of crap - granted his message seems targeted at his fellow, ignorant Bazungu.

Eti Kenya has turned socialist because the Government has made primary school education free. And of course in his Belgium basic education is not free?

He should take that Ayn Rand crap to Trumpland.



Very shallow and very ignorant. He should be deported ASAP.


Laughing out loudly

“They get paid USD 100 per month. I could pay them double!” He made some valid points but obviously he’s coming from affluence hence cannot be trusted to give the best views on poverty

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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