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Is Taking a Mortgage the WORST Decision Ever??
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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sanity wrote:dunkang wrote:According to the following "Experts", the bubble is here;
- Knight Franks
- Hass Consult (WAH!!!)
- Cytonn
- Central Bank
"the real estate sector recorded the highest increase in non-performing loans, by Sh5.9 billion or 42.3 per cent, according to a report by the Central Bank of Kenya"
"Prime rents for Nairobi fell 7.9 per cent in quarter one of 2016, according to the report, which pointed out that for the past four years, rents in Kenya’s capital have been declining."
"Land prices in Mlolongo and Athi River have fallen by 10 per cent and four per cent, respectively, signalling a decline in demand for housing." Let them keep dreaming... http://www.nation.co.ke/...23544-ns7h49/index.html
sio mimi, ni "experts". Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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If 5.9B is a bubble then we have seen nothing yet. This is a glut. The problem with Kenyans is we never use data in anything. Athi River Kitengela Syokimau are now over crowded, the more you are the less the returns. People still need housing but what kind of housing and where should lead you to investment "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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Rank: Member Joined: 9/11/2014 Posts: 228 Location: Nairobi
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Rank: Member Joined: 9/9/2015 Posts: 233
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iris wrote:Swenani wrote:DBLyon wrote:What is the true value of a property? Or a stock? Or anything, really? I would ask him that. valueless Now what do you mean Swenani? Maybe you should wait until oxygen gets back to your head before posting @iris kwani oxygen imeenda wapi? Before you brush him off let us get what he mans first. @Swenani Im interested in this theory and why you are paying for them yourself. Explain kama niko preunit "Buy when there's blood in the streets, even if the blood is your own."
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Rank: Elder Joined: 7/22/2009 Posts: 7,837
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Sikio la kufa halisikii dawa!!! Once the prices of land and rents start going down, and land companies have "60% sold" for more than 2 years, it is time to open your eyes, ears and mind. It was unimaginable to Kenyans that you can buy a plot and the price REDUCES by 10% a year later. Very many things are still unimaginable to Kenyans... 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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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MaichBlack wrote:Sikio la kufa halisikii dawa!!!
Once the prices of land and rents start going down, and land companies have "60% sold" for more than 2 years, it is time to open your eyes, ears and mind.
It was unimaginable to Kenyans that you can buy a plot and the price REDUCES by 10% a year later. Very many things are still unimaginable to Kenyans... Land prices have to obey the laws of demand and supply like everything else. So many factors are in play. Forexample. I buy land in Mavoko plain land nyasi tu with information that KU might/will set up the School of agriculture and animal husbandry in the next few plots. Not many know this- 2 years, GOK announces the plan and construction dates etc- ...ofcourse the demand of land in the neighborhood will go up, wanjiku will come flocking looking for a piece of that (1/8) to put up a flat so as to construct hostels right? After those 2 years, nothing is on the ground, Wanjiku is now wondering, was this a hoax? So they start selling, slowly the shift happens the market gets more sellers than buyers. What does that do to price? Price elasticity of demand and supply. "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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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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MaichBlack wrote:Sikio la kufa halisikii dawa!!!
Once the prices of land and rents start going down, and land companies have "60% sold" for more than 2 years, it is time to open your eyes, ears and mind.
It was unimaginable to Kenyans that you can buy a plot and the price REDUCES by 10% a year later. Very many things are still unimaginable to Kenyans... Kindly address the question of the lower class segment insatiable demand.
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Rank: Elder Joined: 7/22/2009 Posts: 7,837
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Akenyan2014 wrote:MaichBlack wrote:Sikio la kufa halisikii dawa!!!
Once the prices of land and rents start going down, and land companies have "60% sold" for more than 2 years, it is time to open your eyes, ears and mind.
It was unimaginable to Kenyans that you can buy a plot and the price REDUCES by 10% a year later. Very many things are still unimaginable to Kenyans... Kindly address the question of the lower class segment insatiable demand. Somebody here said demand means nothing without a means to pay! Example: The number of people who travel by air is less than 10% of those who would want or even need to travel by air. But airlines are still struggling. Why? The 90% will HAVE TO travel by road or even cancel the journey all together! Extrapolate that to other markets... 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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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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MaichBlack wrote:Akenyan2014 wrote:MaichBlack wrote:Sikio la kufa halisikii dawa!!!
Once the prices of land and rents start going down, and land companies have "60% sold" for more than 2 years, it is time to open your eyes, ears and mind.
It was unimaginable to Kenyans that you can buy a plot and the price REDUCES by 10% a year later. Very many things are still unimaginable to Kenyans... Kindly address the question of the lower class segment insatiable demand. Somebody here said demand means nothing without a means to pay! Example: The number of people who travel by air is less than 10% of those who would want or even need to travel by air. But airlines are still struggling. Why? The 90% will HAVE TO travel by road or even cancel the journey all together! Extrapolate that to other markets... Word For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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MaichBlack wrote:Akenyan2014 wrote:MaichBlack wrote:Sikio la kufa halisikii dawa!!!
Once the prices of land and rents start going down, and land companies have "60% sold" for more than 2 years, it is time to open your eyes, ears and mind.
It was unimaginable to Kenyans that you can buy a plot and the price REDUCES by 10% a year later. Very many things are still unimaginable to Kenyans... Kindly address the question of the lower class segment insatiable demand. Somebody here said demand means nothing without a means to pay! Example: The number of people who travel by air is less than 10% of those who would want or even need to travel by air. But airlines are still struggling. Why? The 90% will HAVE TO travel by road or even cancel the journey all together! Extrapolate that to other markets... There can be no demand with if theres no pay.... "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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Is Taking a Mortgage the WORST Decision Ever??
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