kaka2za wrote:Mainat wrote:Something strange here. Because all those yrs na baado unarent?
Tokyo wrote:I would hate to be his client. A top lawyer practising for decades unable to tackle the basics.
Not surprised.
You want to live in Kilimani but you can only afford to build a house in Kitengela.
So you remain a tenant.
True. A property manager huko kilimani once told me that many tenants are trapped in a vicious circle of renting. They cant afford to buy the 15m apartment they are living in, but can afford the 70k rent so they end up paying rent forever. Interestingly, they can afford to build elsewhere but once you move your family to kilimani and enroll kids at makini, you cant take them back to donholm or DC.
Lets see the cost of renting for just 10yrs.
70,000 pm x 12 = 840,000 per yr
10yrs = 8,400,000
8.4m is enough to buy a 1.5m plot in DC and the balance of about 7m enough to put up a 280m2 mansion (like one below) at cost of about 25,000 per m2, and you live happily ever after - rent free, mortgage free and service charge free. NB a similar 280m2 mansion in kilimani will cost you 100m.

Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.