Wazua
»
Investor
»
Stocks
»
Has the real estate bubble burst????
Rank: New-farer Joined: 9/4/2018 Posts: 64 Location: Nairobi
|
At Visions plaza located on Mombasa road--theure offering one month FREE OF CHARGE for those who rent their businesses there ie dign a lease.On the other end of ROSSLYN RIVIERA along limuru road----theure offering SIX MONTHS free rent for potential customers!!!
Is yjos the infamous bubble burst or what!
|
|
|
Rank: New-farer Joined: 9/4/2018 Posts: 64 Location: Nairobi
|
Kate_Mbarire wrote:At Visions plaza located on Mombasa road--they are offering one month FREE OF CHARGE for those who rent their businesses there ie sign a lease.On the other end of ROSSLYN RIVIERA along limuru road----theyre offering SIX MONTHS free rent for potential customers!!!
Is this the infamous bubble burst or what! Just correcting my typos....
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
|
Kate_Mbarire wrote:Kate_Mbarire wrote:At Visions plaza located on Mombasa road--they are offering one month FREE OF CHARGE for those who rent their businesses there ie sign a lease.On the other end of ROSSLYN RIVIERA along limuru road----theyre offering SIX MONTHS free rent for potential customers!!!
Is this the infamous bubble burst or what! Just correcting my typos....  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
|
To me it's still pumping up,just about to burst. What you've seen are those balloons inflated with saliva/mate,they usually burst mapema before the threshold pressure. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
Kate_Mbarire wrote:At Visions plaza located on Mombasa road--theure offering one month FREE OF CHARGE for those who rent their businesses there ie dign a lease.On the other end of ROSSLYN RIVIERA along limuru road----theure offering SIX MONTHS free rent for potential customers!!!
Is yjos the infamous bubble burst or what! No We are not at the burst position. Rosslyn was just designed to fail. Look at the location that’s 3 mammoth (or sizeable Malls if u wish) within 2kms of each other and expected to do well?! 🤦🏽♂️
|
|
|
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
|
Horton wrote:Kate_Mbarire wrote:At Visions plaza located on Mombasa road--theure offering one month FREE OF CHARGE for those who rent their businesses there ie dign a lease.On the other end of ROSSLYN RIVIERA along limuru road----theure offering SIX MONTHS free rent for potential customers!!!
Is yjos the infamous bubble burst or what! No We are not at the burst position. Rosslyn was just designed to fail. Look at the location that’s 3 mammoth (or sizeable Malls if u wish) within 2kms of each other and expected to do well?! 🤦🏽♂️ I prefer Rosslyn Reviera. It's more compact, cosy, classy and quiet unlike 2 rivers which is too crowded and noisy especially during weekends when it is flooded with the selfie taking generation. The village market evolved from a nice mall to some other monster when they demolished parts of the mall and added hotels, apartment blocks etc making it lose it's character. Then the anchor store nakumatt collapsed and there was nowhere to even buy milk. For someone in runda, gigiri or Rosslyn, the cool place to go and shop is the rosslyn reviera. This is their neighborhood mall. A place where you can also enjoy your coffee, meal or beer in peace.  
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
hardwood wrote:Horton wrote:Kate_Mbarire wrote:At Visions plaza located on Mombasa road--theure offering one month FREE OF CHARGE for those who rent their businesses there ie dign a lease.On the other end of ROSSLYN RIVIERA along limuru road----theure offering SIX MONTHS free rent for potential customers!!!
Is yjos the infamous bubble burst or what! No We are not at the burst position. Rosslyn was just designed to fail. Look at the location that’s 3 mammoth (or sizeable Malls if u wish) within 2kms of each other and expected to do well?! 🤦🏽♂️ I prefer Rosslyn Reviera. It's more compact, cosy, classy and quiet unlike 2 rivers which is too crowded and noisy especially during weekends when it is flooded with the selfie taking generation. The village market evolved from a nice mall to some other monster when they demolished parts of the mall and added hotels, apartment blocks etc making it lose it's character. Then the anchor store nakumatt collapsed and there was nowhere to even buy milk. For someone in runda, gigiri or Rosslyn, the cool place to go and shop is the rosslyn reviera. This is their neighborhood mall. A place where you can also enjoy your coffee, meal or beer in peace. True but that’s mainly because there are no shops. What is occupancy there right now? 20%?
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,768 Location: NAIROBI
|
Horton wrote:hardwood wrote:Horton wrote:Kate_Mbarire wrote:At Visions plaza located on Mombasa road--theure offering one month FREE OF CHARGE for those who rent their businesses there ie dign a lease.On the other end of ROSSLYN RIVIERA along limuru road----theure offering SIX MONTHS free rent for potential customers!!!
Is yjos the infamous bubble burst or what! No We are not at the burst position. Rosslyn was just designed to fail. Look at the location that’s 3 mammoth (or sizeable Malls if u wish) within 2kms of each other and expected to do well?! 🤦🏽♂️ I prefer Rosslyn Reviera. It's more compact, cosy, classy and quiet unlike 2 rivers which is too crowded and noisy especially during weekends when it is flooded with the selfie taking generation. The village market evolved from a nice mall to some other monster when they demolished parts of the mall and added hotels, apartment blocks etc making it lose it's character. Then the anchor store nakumatt collapsed and there was nowhere to even buy milk. For someone in runda, gigiri or Rosslyn, the cool place to go and shop is the rosslyn reviera. This is their neighborhood mall. A place where you can also enjoy your coffee, meal or beer in peace. True but that’s mainly because there are no shops. What is occupancy there right now? 20%? The more shops their are,the better for the property owner. The more customers the better for the shop So to make more money mall/property owner started levying parking fee to make money from the customer/consumer Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: New-farer Joined: 9/4/2018 Posts: 64 Location: Nairobi
|
Ericsson wrote:Horton wrote:hardwood wrote:Horton wrote:Kate_Mbarire wrote:At Visions plaza located on Mombasa road--theure offering one month FREE OF CHARGE for those who rent their businesses there ie dign a lease.On the other end of ROSSLYN RIVIERA along limuru road----theure offering SIX MONTHS free rent for potential customers!!!
Is yjos the infamous bubble burst or what! No We are not at the burst position. Rosslyn was just designed to fail. Look at the location that’s 3 mammoth (or sizeable Malls if u wish) within 2kms of each other and expected to do well?! 🤦🏽♂️ I prefer Rosslyn Reviera. It's more compact, cosy, classy and quiet unlike 2 rivers which is too crowded and noisy especially during weekends when it is flooded with the selfie taking generation. The village market evolved from a nice mall to some other monster when they demolished parts of the mall and added hotels, apartment blocks etc making it lose it's character. Then the anchor store nakumatt collapsed and there was nowhere to even buy milk. For someone in runda, gigiri or Rosslyn, the cool place to go and shop is the rosslyn reviera. This is their neighborhood mall. A place where you can also enjoy your coffee, meal or beer in peace. True but that’s mainly because there are no shops. What is occupancy there right now? 20%? The more shops their are,the better for the property owner. The more customers the better for the shop So to make more money mall/property owner started levying parking fee to make money from the customer/consumer I concur...ROSSLYN is nice and one can enjoy a nice lunch peacefully.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,187 Location: Nairobi
|
The road/s leading to Rosslyn are a pain since there are only 2 lanes at some points along the road. I have been there just once but if they charge for parking then it's a no-no. As a shopper/spender, I find it annoying/irritating paying for parking. I don't go to a mall to hang around so why charge customers for parking? Or they should provide a rebate for the parking if one spends money at the mall. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
|
Kenyans are very funny! Does anyone remember Lukorito Jones (what a name by the way) and his doomsday articles many years ago about the "imminent" collapse of the R.E sector in Kenya.I will say it again for the umpteenth time. WAKE ME UP WHEN SOMEONE ANYWHERE IN THE WORLD MANAGES TO REPEAL THE LAW OF SUPPLY AND DEMAND.Stalin tried in Russia, slaughtering 10 million people there trying to prove it and failed miserably.The Chinese tried it until 1978 until the genius Deng Xiao Ping got religion fast and baptised the capitalism he legalised as a "unique brand of socialism with special characteristics"  . The Chinese have been as capitalistic as the rest of us ever since! When supply exceeds the whopping housing deficit in Kenya, come and tap me from my comfy bed where I will be slumbering and snoring away over this non-topic. A slightly empty mall or apartment somewhere tells us nothing. The housing sector is not monolithic, and a temporary oversuppply in high end mall or office space in one or two buildings does not mean the entire sector is under collapse! Unless of course you are a big fan of the reasoning of Lukorito Jones.
|
|
|
Rank: Member Joined: 10/23/2007 Posts: 604
|
I can say something is happening. Recently I was in Lower Kabete and realized they are many vacant 2 bedroom apartments, some even up to six months.
I think the market is adjusting to the real needs. Same place Lower Kabete, bedsitters, one-bedroom are going like hot cakes.
Mabati structures done half mawe/half mabati are ever in demand.
The best rates to charge is 14,999/=. Anything from 15K is a gamble.
I think this is happening because the young families who used to pay 15K and above bought buroti maguta maguta, developed and moved out.
Their younger counterparts are okay living in one-bedroom houses or well-finished two-bedroom mabati houses.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,697 Location: nairobi
|
Coolbull wrote:I can say something is happening. Recently I was in Lower Kabete and realized they are many vacant 2 bedroom apartments, some even up to six months.
I think the market is adjusting to the real needs. Same place Lower Kabete, bedsitters, one-bedroom are going like hot cakes.
Mabati structures done half mawe/half mabati are ever in demand.
The best rates to charge is 14,999/=. Anything from 15K is a gamble.
I think this is happening because the young families who used to pay 15K and above bought buroti maguta maguta, developed and moved out.
Their younger counterparts are okay living in one-bedroom houses or well-finished two-bedroom mabati houses.
Bedsitter will never get out of style
COOP 255,000 ABP 15.85; KQ 544,100 ABP 7.15; MTN 23,800 ABP 5.20
|
|
|
Rank: Member Joined: 1/22/2015 Posts: 682
|
High end rentals are nowadays making zero sense in terms of time to break even. But most of the money in the high end wasn't really looking for a quick return anyway.
|
|
|
Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
|
Mike Ock wrote:High end rentals are nowadays making zero sense in terms of time to break even. But most of the money in the high end wasn't really looking for a quick return anyway. Depends on what you mean by "break even" I personally do not even look at rental yield as a factor in Kenya given the nature of cost structure in the industry. If you buy a 30m apartment for example and then hope to "break even" on the rents soon, you might be waiting decades. But what you lose in rental yields you gain in cap gains. This is why you are absolutely correct to say money in high end is not looking for a quick return (cash flows) and are very happy to wait 3, 5, 10 and even 20 years+ to make their real mint.
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
MugundaMan wrote:Mike Ock wrote:High end rentals are nowadays making zero sense in terms of time to break even. But most of the money in the high end wasn't really looking for a quick return anyway. Depends on what you mean by "break even" I personally do not even look at rental yield as a factor in Kenya given the nature of cost structure in the industry. If you buy a 30m apartment for example and then hope to "break even" on the rents soon, you might be waiting decades. But what you lose in rental yields you gain in cap gains. This is why you are absolutely correct to say money in high end is not looking for a quick return (cash flows) and are very happy to wait 3, 5, 10 and even 20 years+ to make their real mint. Buildings depreciate and in 20 years the apartment is half way through its useful economic life. Life is short. Live passionately.
|
|
|
Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
|
sparkly wrote:MugundaMan wrote:Mike Ock wrote:High end rentals are nowadays making zero sense in terms of time to break even. But most of the money in the high end wasn't really looking for a quick return anyway. Depends on what you mean by "break even" I personally do not even look at rental yield as a factor in Kenya given the nature of cost structure in the industry. If you buy a 30m apartment for example and then hope to "break even" on the rents soon, you might be waiting decades. But what you lose in rental yields you gain in cap gains. This is why you are absolutely correct to say money in high end is not looking for a quick return (cash flows) and are very happy to wait 3, 5, 10 and even 20 years+ to make their real mint. Buildings depreciate and in 20 years the apartment is half way through its useful economic life. Are you sure? Then how come colonial bungalows well built in the early 1900s are still standing and perhaps even better built than today's homes? And how come KICC is still growing in value and "useful life" despite being way beyond 20 years? Depreciation for real assets (property) is just an accounting concept my broda. Unlike a car with moving parts or a radio that stops working after a certain amount of years, stones in a building do not decay under normal conditions. This is why castles built in Europe in the 1100's such as Windsor below are still standing and occupied and beautiful as ever today. 
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
MugundaMan wrote:sparkly wrote:MugundaMan wrote:Mike Ock wrote:High end rentals are nowadays making zero sense in terms of time to break even. But most of the money in the high end wasn't really looking for a quick return anyway. Depends on what you mean by "break even" I personally do not even look at rental yield as a factor in Kenya given the nature of cost structure in the industry. If you buy a 30m apartment for example and then hope to "break even" on the rents soon, you might be waiting decades. But what you lose in rental yields you gain in cap gains. This is why you are absolutely correct to say money in high end is not looking for a quick return (cash flows) and are very happy to wait 3, 5, 10 and even 20 years+ to make their real mint. Buildings depreciate and in 20 years the apartment is half way through its useful economic life. Are you sure? Then how come colonial bungalows well built in the early 1900s are still standing and perhaps even better built than today's homes? And how come KICC is still growing in value and "useful life" despite being way beyond 20 years? Depreciation for real assets (property) is just an accounting concept my broda. Unlike a car with moving parts or a radio that stops working after a certain amount of years, stones in a building do not decay under normal conditions. This is why castles built in Europe in the 1100's such as Windsor below are still standing and occupied and beautiful as ever today. @MugundaMan are you for real? Who doesn't know that BUILDINGS depreciate and LAND appreciates. Engaging with you is engaging with an ignoramus too cocky in his ignorance. I will never respond to your posts again. Life is short. Live passionately.
|
|
|
Rank: Elder Joined: 1/8/2018 Posts: 2,211 Location: DC (Dustbowl County)
|
sparkly wrote:MugundaMan wrote:sparkly wrote:MugundaMan wrote:Mike Ock wrote:High end rentals are nowadays making zero sense in terms of time to break even. But most of the money in the high end wasn't really looking for a quick return anyway. Depends on what you mean by "break even" I personally do not even look at rental yield as a factor in Kenya given the nature of cost structure in the industry. If you buy a 30m apartment for example and then hope to "break even" on the rents soon, you might be waiting decades. But what you lose in rental yields you gain in cap gains. This is why you are absolutely correct to say money in high end is not looking for a quick return (cash flows) and are very happy to wait 3, 5, 10 and even 20 years+ to make their real mint. Buildings depreciate and in 20 years the apartment is half way through its useful economic life. Are you sure? Then how come colonial bungalows well built in the early 1900s are still standing and perhaps even better built than today's homes? And how come KICC is still growing in value and "useful life" despite being way beyond 20 years? Depreciation for real assets (property) is just an accounting concept my broda. Unlike a car with moving parts or a radio that stops working after a certain amount of years, stones in a building do not decay under normal conditions. This is why castles built in Europe in the 1100's such as Windsor below are still standing and occupied and beautiful as ever today. @MugundaMan are you for real? Who doesn't know that BUILDINGS depreciate and LAND appreciates. Engaging with you is engaging with an ignoramus too cocky in his ignorance. I will never respond to your posts again. https://www.yourinvestme...-or-fiction-142813.aspx
My broda, why is it so hard for you to believe that buildings are depreciable from a tax perspective but appreciate in value over time? Whuch building that is made of stone and tiles have you ever seen in Kenya that has never appreciated in value? As for not speaking to me due to me "being an ignoramus" that is your right baba, I meant no offence, this is just a simple exchange of ideas.
|
|
|
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
Pesa Nane plans to be shilingi when he grows up.
|
|
|
Wazua
»
Investor
»
Stocks
»
Has the real estate bubble burst????
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.
|