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What Happened???
murchr
#11 Posted : Tuesday, June 18, 2019 4:05:25 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Kusadikika wrote:
Lappset. As soon as the plans were made, greedy Kenyans went and bought Burotis on the whole proposed railway, pipeline network from Lamu to Ethiopia and South Sudan so as to gain from Government compensation.

More than 18 years after Eric Wainaina told us we are a small minded country, we have not changed one bit. For most of Kenyans the ultimate achievement is to be a landlord.





Actually, what happened after the President went there and made a rant over these people who had "acquired" other people's land? We all blamed Orengo for the mess at the Ministry of Land. Mama Ngilu went and issued titles to people but what about the speculators?
"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
.
Kusadikika
#12 Posted : Tuesday, June 18, 2019 4:05:47 PM
Rank: Elder

Joined: 7/22/2008
Posts: 2,721
masukuma wrote:
Kusadikika wrote:
Lappset. As soon as the plans were made, greedy Kenyans went and bought Burotis on the whole proposed railway, pipeline network from Lamu to Ethiopia and South Sudan so as to gain from Government compensation.

More than 18 years after Eric Wainaina told us we are a small minded country, we have not changed one bit. For most of Kenyans the ultimate achievement is to be a landlord.




And What's wrong with this? Profiting from government and corruption and abuse of office are not the same thing. People should not be ashamed to make money... THAT'S HOW THIS COUNTRY WILL DEVELOP!!


You are right, I withdraw the comment on greedy Kenyans. People naturally respond to incentives and the blame is with the Government planning. The way things stand everyone knows that the only sure way to benefit is to receive hard cash from the Government upfront. The project will probably never be done because the price of undeveloped land will eat up all the resources. The mistake was not embedding something in law that would safeguard against this kind of speculative profiteering ahead of any project. Experience has shown it is the death of many mega projects.
Sansa
#13 Posted : Tuesday, June 18, 2019 4:26:01 PM
Rank: Member

Joined: 3/19/2013
Posts: 344
I like to go here -> https://www.skyscraperci...forumdisplay.php?f=2146 for info on those projects. You'll find good fact based info too instead of the panganga peddled by our media houses.
Impunity
#14 Posted : Friday, June 21, 2019 5:41:29 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Kusadikika wrote:
Lappset. As soon as the plans were made, greedy Kenyans went and bought Burotis on the whole proposed railway, pipeline network from Lamu to Ethiopia and South Sudan so as to gain from Government compensation.

More than 18 years after Eric Wainaina told us we are a small minded country, we have not changed one bit. For most of Kenyans the ultimate achievement is to be a landlord.





Eti ultimate achievement is to be a landlord?
Nowonder those who wins kes.50,000 from Shinda na Shabiki wanna be "ladlods".

Laughing out loudly Laughing out loudly Laughing out loudly
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

Impunity
#15 Posted : Friday, June 21, 2019 11:40:21 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Kusadikika wrote:
Lappset. As soon as the plans were made, greedy Kenyans went and bought Burotis on the whole proposed railway, pipeline network from Lamu to Ethiopia and South Sudan so as to gain from Government compensation.

More than 18 years after Eric Wainaina told us we are a small minded country, we have not changed one bit. For most of Kenyans the ultimate achievement is to be a landlord.





Eti ultimate achievement is to be a landlord?
Nowonder those who wins kes.50,000 from Shinda na Shabiki wanna be "ladlods".

Laughing out loudly Laughing out loudly Laughing out loudly
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.

murchr
#16 Posted : Thursday, September 19, 2019 5:22:20 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
To the gold saga involving Weta and Baba?
"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
.
radiomast
#17 Posted : Thursday, September 19, 2019 5:35:47 PM
Rank: Member

Joined: 2/15/2018
Posts: 428
That Aquifer in Lotikipi was found to be all salt water thus unusable for humans, plants and animals.
radiomast
#18 Posted : Thursday, September 19, 2019 9:48:47 PM
Rank: Member

Joined: 2/15/2018
Posts: 428
Kusadikika wrote:
Lappset. As soon as the plans were made, greedy Kenyans went and bought Burotis on the whole proposed railway, pipeline network from Lamu to Ethiopia and South Sudan so as to gain from Government compensation.


This is why I keep saying that the Kenyan culture of buying plots is an impediment to development and gava needs to take action.

My proposal is and has always been that gava should charge hefty property taxes for speculators. If you buy land in a prime area and it remains idle, gava should tax the land heavily.

Gava should encourage people to create wealth by producing goods and services, not through speculation.

Any form of speculation is detrimental to economic growth. In Kenya's case, land speculation is has the worst effect.
radiomast
#19 Posted : Thursday, September 19, 2019 10:09:26 PM
Rank: Member

Joined: 2/15/2018
Posts: 428
masukuma wrote:


And What's wrong with this? Profiting from government and corruption and abuse of office are not the same thing. People should not be ashamed to make money... THAT'S HOW THIS COUNTRY WILL DEVELOP!!


In fact the exact opposite of this is true. Land speculation is detrimental to development. It creates a situation where the value of land becomes too inflated as is the case in Nairobi now. Imagine if a foreign investor is choosing between setting up a factory in Addis Ababa vs Nairobi. If cost of land is his primary decision factor, he will give Nairobi a wide berth.

So basically Kenya is losing job creating ventures and instead much of the land goes to speculators who hardly create any jobs.

Also service delivery by the government is affected. If the gava has to pay more compensation to these land speculators, then they will have less money to build much needed infrastructure which means fewer jobs created and less services delivered by the government.

As Kusadikika pointed out above, the cost of some infrastructure projects is sky high because gava has to compensate speculators. Many gava projects are hindered because of this. The cost to Kenyans is bigger because lack of proper infrastructure means less development and fewer jobs and fewer business opportunities. Basically Kenyans lose and speculators win.
Iganamagana
#20 Posted : Friday, September 20, 2019 6:44:15 AM
Rank: Veteran

Joined: 3/27/2009
Posts: 1,437
radiomast wrote:
Kusadikika wrote:
Lappset. As soon as the plans were made, greedy Kenyans went and bought Burotis on the whole proposed railway, pipeline network from Lamu to Ethiopia and South Sudan so as to gain from Government compensation.


This is why I keep saying that the Kenyan culture of buying plots is an impediment to development and gava needs to take action.

My proposal is and has always been that gava should charge hefty property taxes for speculators. If you buy land in a prime area and it remains idle, gava should tax the land heavily.

Gava should encourage people to create wealth by producing goods and services, not through speculation.

Any form of speculation is detrimental to economic growth. In Kenya's case, land speculation is has the worst effect.


All idle land (except fallow agricultural land which should have a maximum exception of three years) should be taxed. This will discourage speculators and avail a lot of acreage to development / economic activity.
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