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murchr		#91 Posted : Monday, June 08, 2015 4:59:49 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		ole3 wrote: Swenani wrote: murchr wrote: In the west,the rich usually prefer not to have malls in their vicinity because they attract traffic and idlers. Will that happen in Kenya? So us guys from Dandora are rich,we do not have a mall or a shopping complex a mall is a fancy market that brings city within reach tafakari mushrooming malls within my locale makes my ka-soil skyrocket Wrong, to the rich, shopping is an event..they take a drive to go shop..watch a movie...eat...not walk over or just cross the street to take pictures. Most malls in Kenya are filled with idlers. Would like to know how much the shops in the malls are raking in. http://www.theguardian.c...e-american-shopping-mall "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 .
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Swenani		#92 Posted : Monday, June 08, 2015 5:48:45 PM
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum		murchr wrote: ole3 wrote: Swenani wrote: [quote=murchr]In the west,the rich usually prefer not to have malls in their vicinity because they attract traffic and idlers. Will that happen in Kenya? So us guys from Dandora are rich,we do not have a mall or a shopping complex a mall is a fancy market that brings city within reach tafakari mushrooming malls within my locale makes my ka-soil skyrocket Wrong, to the rich, shopping is an event..they take a drive to go shop..watch a movie...eat...not walk over or just cross the street to take pictures. Most malls in Kenya are filled with idlers. Would like to know how much the shops in the malls are raking in. http://www.theguardian.c...-american-shopping-mall[/quote] If Obiero did it, Who Am I?
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murchr		#93 Posted : Monday, June 08, 2015 6:02:27 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Swenani wrote: murchr wrote: ole3 wrote: Swenani wrote: [quote=murchr]In the west,the rich usually prefer not to have malls in their vicinity because they attract traffic and idlers. Will that happen in Kenya? So us guys from Dandora are rich,we do not have a mall or a shopping complex a mall is a fancy market that brings city within reach tafakari mushrooming malls within my locale makes my ka-soil skyrocket Wrong, to the rich, shopping is an event..they take a drive to go shop..watch a movie...eat...not walk over or just cross the street to take pictures. Most malls in Kenya are filled with idlers. Would like to know how much the shops in the malls are raking in. http://www.theguardian.c...-american-shopping-mall[/quote] ?? "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 .
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alma		#94 Posted : Monday, June 08, 2015 6:52:28 PM
Rank: Elder Joined: 7/20/2007 Posts: 4,432		murchr wrote: Swenani wrote: murchr wrote: ole3 wrote: Swenani wrote: [quote=murchr]In the west,the rich usually prefer not to have malls in their vicinity because they attract traffic and idlers. Will that happen in Kenya? So us guys from Dandora are rich,we do not have a mall or a shopping complex a mall is a fancy market that brings city within reach tafakari mushrooming malls within my locale makes my ka-soil skyrocket Wrong, to the rich, shopping is an event..they take a drive to go shop..watch a movie...eat...not walk over or just cross the street to take pictures. Most malls in Kenya are filled with idlers. Would like to know how much the shops in the malls are raking in. http://www.theguardian.c...-american-shopping-mall[/quote] ?? murchr swenani today we agree Malls are the ugliest things you have ever seen. But something great is coming soon very soon. Different kind of shopping experience that makes sense. Bookmark this post. Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
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MaichBlack		#95 Posted : Monday, June 08, 2015 7:08:58 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,838		Makali1 wrote: Personally speaking the rate at which malls are propping up is concerning. They encourage and facilitate a consumerist culture instead of a saving culture amongst the targeted middle class. Next comes materialism, greed and eventually poverty and misery because people are forced to live above their means in order to keep up with the rest. What Kenyan middle class should be doing is boosting their savings for investments instead of giving away hard earned money to these global corporations, who care little about the common man's struggles. You have spoken like 10 men and 10 Women Guild ladies combined!!! I noticed the same when I visited Garden City that first weekend. There was a mad rush to buy electronics especially flat screen TVs. Never have I seen so many trolleys with flat screen TVs in Kenya in the same place at the same time. I could not help but wonder:- 1) Is it that all these people don't have no TVs? 2) Had these guys budgeted/planned to buy flat screen TVs or they just found them on "offer" and decided to swipe?? We are going to end up with broke retirees in future!! Extremely broke Kenyan retirees! There are fully grown men and women with proper jobs who have no savings or investments! They always run out of money midway through the month! The situation is about to get worse with malls all over! Some Kenyans have embraced the American culture of living through debt (consumption debt) forgetting that unlike in the US, in Kenya there are no structures to support them when the sh!t hit the fan! Government supported social structures virtually non existent!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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MaichBlack		#96 Posted : Monday, June 08, 2015 7:32:06 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,838		murchr wrote: http://www.theguardian.com/cities/2014/jun/19/-sp-death-of-the-american-shopping-mall This is EXACTLY what will happen in Kenya in a couple of years and this is exactly what most of us have been saying all along!!! Now, is it that the investors are too stupid to realize this or they want to get in, transfer the monkey/monkeys to someone else and leave before the sh!t hits the fan!!?? Take Juja mall. They bought land, are setting up a mall and now they are selling 1/8th of an acre next to the mall for 6.5 m to 8 m. An 1/8th was going for less than 1 m when they bought the land. The unfinished mall has enabled them to sell the undeveloped land for more than 10 times the initial going price! Even if the mall does not work out, they have already made their money! Woe unto the Kenyans who will be left holding over priced land next to a (FORMER) mall. Welcome to Nairobbery!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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butterflyke		#97 Posted : Monday, June 08, 2015 9:14:20 PM
Rank: Elder Joined: 5/1/2010 Posts: 3,024 Location: Hapa		alma wrote: murchr wrote: Swenani wrote: murchr wrote: ole3 wrote: Swenani wrote: [quote=murchr]In the west,the rich usually prefer not to have malls in their vicinity because they attract traffic and idlers. Will that happen in Kenya? So us guys from Dandora are rich,we do not have a mall or a shopping complex a mall is a fancy market that brings city within reach tafakari mushrooming malls within my locale makes my ka-soil skyrocket Wrong, to the rich, shopping is an event..they take a drive to go shop..watch a movie...eat...not walk over or just cross the street to take pictures. Most malls in Kenya are filled with idlers. Would like to know how much the shops in the malls are raking in. http://www.theguardian.c...-american-shopping-mall[/quote] ?? murchr swenani today we agree Malls are the ugliest things you have ever seen. But something great is coming soon very soon. Different kind of shopping experience that makes sense. Bookmark this post. @alma, welcome back. Do you mean robbery? Float like a butterfly, sting like a bee. - Muhammad Ali🐝
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dunkang		#98 Posted : Monday, June 08, 2015 10:09:08 PM
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831		Mtangoja mchoke, just like that property bubble that has been coming for the last 5 years. Those collapsed malls in the US are as a result of poor planning by the developers. You can't build a mall in the middle of nowhere and expect it to beat one that is in the middle of a high density city/town. We are still very very very far from that US case. Receive with simplicity everything that happens to you.” ― Rashi
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murchr		#99 Posted : Monday, June 08, 2015 10:21:36 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		dunkang wrote: Mtangoja mchoke, just like that property bubble that has been coming for the last 5 years. Those collapsed malls in the US are as a result of poor planning by the developers. You can't build a mall in the middle of nowhere and expect it to beat one that is in the middle of a high density city/town. We are still very very very far from that US case. The problem with your reasoning is comparing grapes to apples. There will be no property bubble in Kenya mainly because of our financial systems. Those who take loans to buy property are a minority i doubt that there more than 1M kenyans with mortgages. Malls in Kenya and more so in Nairobi will soon be ghost towns reason being we only go there to buy groceries from the likes of Nakumatt Naivas Uchumi etc the other shops are filled with people just coming to see...hence the low occupancy rates. Ati malls collapsed due to poor planning by developers? These malls are in the middle of residential areas..but the shops in them did were doing so poorly in sales that they closed down read the likes of JC Penny etc. Speaking of planning, what planning went into having Garden City, TRM, and in afew days KUCity malls all on the same road..competing for the same client.. The most successful mall in Kenya, Sarit Center was constructed in 1983...i don't know if you were born then but going to Sarit was an experience what was there back then? Would you say going to Garden city or TRM is an experience with all the commotion getting into any of them? "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 .
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MaichBlack		#100 Posted : Monday, June 08, 2015 11:24:35 PM
Rank: Elder Joined: 7/22/2009 Posts: 7,838		dunkang wrote: Mtangoja mchoke, just like that property bubble that has been coming for the last 5 years. Those collapsed malls in the US are as a result of poor planning by the developers. You can't build a mall in the middle of nowhere and expect it to beat one that is in the middle of a high density city/town. We are still very very very far from that US case. Occupancy rates have been given here!! You want to argue with numbers? You visit malls. How many BUYING customers do you see in the other shops other than supermarkets, eateries, phone shops and the likes of Bata? We don't have enough population to support the prices in those shops!! To quote the story in the link above, "It is not rocket science! People just don't have the f@#king money!!". And some of those who have it have better things to put the money into. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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