As I said, it feels good while it lasts
Wacha hitilafu iangukie mtu. All it takes is one negative news story exposing the rot within!
Scandals are not very far from even the bluest chip companies in this republic of ours. Casino si mjezo kapsa kapsaa.

Fair enough
But just for comparison's sake and the main reason why I say investing in the rickety casino vs RE is insanity..
I am building a 2 br bungalow within 30 days tops that will generate 15k a month
The moment the last drop of paint dries on the finished thing after construction, the structure alone would easily be worth double the value since I built at cost using my expertise and without paying a contractors profit since I am the contractor. AND THIS DOUBLING IS A VERY CONSERVATIVE ESTIMATE.
What are the unrealized returns on that in a single month?
And this is before accounting for the long term cap gain on the land aspect of said property.
I would have to be NU.TS to invest in the creaky casino over RE
But gila mtu na sumu yaghe

Shared my formula kitaambo. Read and weep mbradza
http://wazua.co.ke/forum.aspx?g=posts&t=38020

Who in their right minds gets approvals for SQ's in this here Kiinya? Approvals will come for the main structure whether apartments of Maisonettes.

Different strokes indeed, BUT

RE is like crossing Tana River in a well fueled chopper, parachutes in tow, Ex-military experienced pilot at the helm, fuel to last a full day of flying, air conditioning dani yage plus snacks and kekis to munch with the missus while you both watch Nancy on the property show.
CASINO on the other hand is like crossing same river in a rickety DUG OUT CANOE wearing chupi peke yake, with a grevillea mbao as a paddle to navigate across the shark infested rapids! Could you make it across? Perhaps. But at great cost and effort including possibly loss of limb!

Plug in 2 metre for the average 1/8th. But please remember if I bought it in 2010, I paid 500k or less for it. And if I hold it for 10 years, it might be going for 20m then. As I said, tis a no brainer between the two (RE vs Casino)

Good points but umesahau the small issue of my instant one month 100% cap gain on the structure .
The long term cap gain is as good as guaranteed if the past 50+ post independence track record is anything to go by !

Easy peasy in fact more and I already told you this is a conservative estimate
Why would I sell when I will build more (whether maisonette/apartments) on the same and hold for 50 YEAR CAP GAIN assuming God
lets me live that long. Meanwhile the rents ingia the pockets shwaaa and I hold ZERO LOANS.NO comparison bradda. We have been harping that hapa for years but you casino guys keep opposing us!

Buffett (your hero) reallly isn't into the beautiful world of RE per se so I doubt he would be interested



Typical casino man. 12.5% annualized returns is a big deal to you?? Allow me to
What if I told you I can make a near infinity % return on a property depending on how I structure the deal (advanced principles) Si utazirai?



How else shall we HAMMER PRACTICAL WISDOM into your heads


I NEVER borrow from NOBADY


1. Who says I have just one plot?
2. "economies of scale will improve your margins." I told you before you are a very briliant straight A type with a dearth of practical wisdom. You work with what you read in books. If a bag of cement is 580 fixed including transport to site, how will economies of scale improve my margins here




I rest my case . Join us in RE or perish!!!

What is the cost savings on 5 sinks for 5 maisonettes assuming one costs 5k and I can save 100 bob per sink by buying all 5 at a go? PEANUTS! This model (economies of scale savings) may work very well in the USA and other developed economies where the customers are gouged big at the retail level anyway (as much as 80% markup) , so there is a huge price differential in wholesale and retail. In Kiinya with our already dirt cheap decent quality goods from crafty Chinaman the margins are already razor thin at the wholesale level so the savings are minuscule. Another thing; I can actually SAVE MORE by building SLOWER and on a smaller scale one project at a time. Why? I have way lower carrying costs compared to a full scale operation using loans to do the same.

- interest charges on the loans (as high as 20% p.a!)
- overheads for a full time construction crew; labour, food, accommodation (water stima temporary housing) if on site, and so much more
- the level of theft increases exponentially the bigger the project (theft can eat up to 50% of your construction cost if you are not careful!) the list is endless.

But with my mode of operation I am LIGHT AND QUICK on my feet shwaaaaaaaa, conservative and careful, minimising theft to almost zero, building in stages slowly with no loans which is an almost unbeatable running style (trailing the pack to conserve energy) a la PAUL ERENG!

Very patient man this vvs

Tony you have got to be JOKING
Excepting Sparkles, you are the KING of TROLLS apa Wazoo

Everybody has a little bit of troll in the them, even VVS !

Although with him he knows when to wisely back down when the heat is too much


TOP TROLLS

1. Sparkles (by far) - although he has been behaving lately. It pains him that nobody is interested in his peni mbili, so in order to gain attention on Wazoo, he must latch on to any of its star characters Lets see how long he can last on his own
2. Tony "nimetoka jela juzi " Stark. Hit and run type of trolling ( GUERILLA)
3. amorphous - but only retaliatory
4. Jon Jones (alianza na steam lakini ametulia tulii siku hizi )
5. Psych..oops I mean Tycho (where did he go?)
6. Mukiri. But when defeated in trolling he goes to lick his wounds for 6 months then returns again with gusto.
7. That guy with a feminine sounding name - nimesahau as his posts are usually not memorable anyway
8. NewMbeca: Likes full frontal assault followed by a redeeming post when cornered Very sneaky fellow this one.
Retired trolls:
9. Alphadoti: These days amekimya kiii

NIMESEMA!