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Somebody tell Jak Katarikawe
Coolbull
#21 Posted : Thursday, May 11, 2017 4:04:42 PM
Rank: Member


Joined: 10/23/2007
Posts: 604
Taurrus wrote:
Coolbull wrote:
Lolest! wrote:
Brings us back to the debate on whether it's wise to build your house or take the option of investing while renting


From the up and downs of business,I have come to appreciate the value of a home...whose compound I use to generate some agri-business income. Some things cannot be measured by money..but makes all the sense when money runs out sometimes.





Applause Applause Applause
Please share on highlighted


In a compound of 50x100 you can afford to put up a mushroom mud house and do oyster/button mushroom. Also my front-yard is a shamba, currently with cucumber. The ventures are yet to bring in millions but the returns are equally good. I just need to scale up. The returns are enough to cater for the basics; food and part school fees.

The other key advantage of owning a home is if you drop dead and your spouse or kids are not in a position to continue in what you do. With a roof over their heads they can hustle for 300-500 and have a decent meal.

A home without a loan on it can also be a big relief if you suffer permanent/temporary disability and you can't work. At least you will have a roof over your head.

I have come to appreciate home-ownership. hata kama ni huko Ruai-Kamulu, as newfarer put it.

nakujua
#22 Posted : Thursday, May 11, 2017 4:09:56 PM
Rank: Elder


Joined: 12/17/2009
Posts: 3,583
Location: Kenya
newfarer wrote:
where possible own a house when you have the ability hata kama ni nahuko ruai.at least if circumstances change you will have a roof over your head. avoid uncalculated debts.

smile waa! ruai ni nahuko when everything fails smile
tycho
#23 Posted : Thursday, May 11, 2017 4:19:29 PM
Rank: Elder


Joined: 7/1/2011
Posts: 8,804
Location: Nairobi
Where's my home?

No. Let's take Katarikawe home. If his story is finished...

Let's KILL HIM!
2012
#24 Posted : Thursday, May 11, 2017 4:37:42 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Gathige wrote:
When a man in his late years cannot be rent, its not funny. Wishing him well as he sorts out the setback


Well said.
I work with artists and I can tell you that it's very hard for most artists to find stability. I'll give you a few reasons;
1. For them to attract a discerning clientele, they are forced to live beyond their means as it's a niche product consumed by the wealthy in society.
2. Most artists are semi-literate or illiterate while the literate ones have no interest in finance. A very good artist friend was conned on Ksh. 6m by an accountant who was imposed on him by one of the top art galleries in Africa.
3. Artists work solo and an artwork could take months, meaning they are not generating consistent, predictable income and when the some income checks in, it's time to pay debts etc. The price might even go very low as it's dictated largely by buyers' bids.
4. The commissions to the art dealers (galleries and middlemen) are astronomical since they know the artist is desperately living from hand to mouth. So when you hear that an artwork sold for 4m, don't get shocked to hear that the guy received 300k after paying his upkeep debts.
5. Being solo also gets them depressed leading to drug abuse and a great attraction to 'wise ladies' who clean you out like a hoofer.

Those are just a few pointers. One day, just asking how much it will cost you for gallery to display your work for a month and you'll see why artists prefer to be paid after the art is sold for at an unthinkable commission.
So, spare a thought for them as it's a pathetic world out there for real artists, one that only the bored children of the wealthy folks can afford to sustain as 'artists'.

BBI will solve it
:)
masukuma
#25 Posted : Friday, May 12, 2017 12:26:11 AM
Rank: Elder


Joined: 10/4/2006
Posts: 13,821
Location: Nairobi
Taurrus wrote:
point wrote:
Having been in business, a place to call home that is loan free should come first. Business can be tricky sometimes!

Applause Applause Applause

All Mushrooms are edible! Some Mushroom are only edible ONCE!
Swenani
#26 Posted : Friday, May 12, 2017 7:48:45 AM
Rank: User


Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
What if one is investing in real estate where rental returns are higher than the rent you are currently paying?

If anything happens, your family can take over one of the rental units while being assured of some income from the other units.
If Obiero did it, Who Am I?
Coolbull
#27 Posted : Friday, May 12, 2017 8:34:38 AM
Rank: Member


Joined: 10/23/2007
Posts: 604
Swenani wrote:
What if one is investing in real estate where rental returns are higher than the rent you are currently paying?

If anything happens, your family can take over one of the rental units while being assured of some income from the other units.


That is also very okay, unless you rental units are in Kawangware and you have rented in Lavington.It would be hard for the family to downgrade.

The bottomline should be - you own a decent structure that can be called home whether iko Ruai, Wangige, Kibiku-Ngong,Bondo, Moyale, etc.
sitaki.kujulikana
#28 Posted : Friday, May 12, 2017 7:08:25 PM
Rank: Veteran


Joined: 8/25/2012
Posts: 1,826
mambo ingine ni kuwa selfish, I mean kuna a family that has 4 kids two are teenagers, and a house help and they live in a 2 bedroom flat/apartment the guy owns a harrier and the wife an outback.
if one can afford and especially where a family is involved, a home (loan free if possible) is the best investment one can make.
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