I think you have answered said question already. If you have a group of debt free landowners who have cornered the bulk of the land market in a particular area, then prices stabilise according to what they decide (whether in collusion or by default.) If in collusion, they can decide to hike the prices to the skies and nobody can do nada because they have a collective monopoly. I was shocked when I started hunting for land in the suburbs of Ngong on the slopes of the hills towards the Suswa side many years ago. I met a crafty old kamzee who told me it was "common knowledge/agreed upon wisdom" that every year, they (resident landowners) all hike the price of the plots by 250k *minimum* per 1/8th . That means the area has experienced an almost linear progression in price and is now considered the Runda of Ngong. Almost nobody has any loans of any sort there and beautiful maisonettes and flats are coming up there. Of course I bought several parcels huko once I discovered this. The most dangerous person on earth to the entities such as the WB, IMF etc is a debt free landowner who needs little from sirikali. This is why Greece had to be destroyed. They had the highest homeownership rates in Europe and very little debt so they had to be brought down.They are trying to force mortgages on us hapa Kenya through AHP and other benevolent looking (on the surface) measures, but thank God it is flopping royally (by design I hope?) Once you introduce massive debt into the property markets then the booms and bust cycles in prices come and your whole property industry is ruined.

Sparkles,
I have told you many times uko ligi ndogo, you know little to nothing about economics let alone real estate let alone how the world works. Do you think the IMF and WB of the 90s forced SAPs are your buddies who love you very much? If so, you are more delusional than delusional can be. Now stick to peni mbili one liners on other threads before I say something that hurts your little gay-girlish feelings and runs you off to compose paeans of my praises at the QUESTIONS thread

If age (and post count on Wazoo ) is classified as a mark of intelligence then all wazees would be geniuses. I cannot cotton to tunjamaas like Sparkles who speak much but say nothing on matters they have no clue about, but with huge confidence . Your message should be directed at HIM as he is the chief of insults, brainless one liners and emotional outbursts and gayish stalking on this esteemed forum

Did you notice that the "esteemed elder" prefaced his "research" with insults? But I will give him credit. At least on this response he strung together some coherent sentences together for a change

There is zero wisdom in anything he has said hapo juu unless you can assist him in pointing said "wisdom" to us as relates to what I posted and not other irrelevant tangents that have zero to do with what I said. Then we can dissect it point by point. Sawa?

Vision 200!