tom_boy wrote:@ horton, I will not argue with your self proclaimed experience. The fact is that thats in the past. The current situation is that Landlords are crying. Those 80k plus flats in parklands, westlands, kile have no takers. Drive on Rhapta road today and almost every compound has a To Let sign on the gate. Many of the new flats in this locality are going for 20m+. One of them is being rented at 60k by someone I know personally. I also know someone who lives on general Mathenge in westlands. Their compound has 2 empty flats for the better part of last year until now. One of them is on sale for 25m. No takers. Both have been on rental market at 90k. No takers. His Landlord had to come down to 80k for him to take up his current flat. This is after the flat had been empty for more than 6 months. Ni kunoma.
let them reduce the price. It's not like they have 'extraordinary features'.Yeah, I know it's about location.
2 of my neighbours moved out and turned their apart into Airbnb.The returns are good as his guests are foreigners mostly on short term visits.
So why can't these landlords do the same?
I can't buy a 3 bedroomed ordinary apartment for 30m unless the source of funds is questionable.
"The true measure of a man is how he treats someone who can do him absolutely no good.