Goodness, NO!!!

MBS? Hahaha. I tell U owning a part of the finance house will be more lucrative than owning the actual property going-forward. Well, untill it all goes !! POP !!, but before then...i'll prefer being in it via KCB S&L than HF

As much as I would love to invest knowing full well they will default, it would be too painful to see Kenyans living in tents or homeless, the GFC was built on this concept, only problem is the mouse trap got more mice than it could handle, so the system jammed.
I think that those highrise owners are about to start defaulting, but atleast the mwananchi is protected since they are just renting, but when you set up the actual mwananchi to be the one to default, iko shida.

Thats a fortune that I would not be willing to make, thats heartless!! ie setting up unsuspecting people to sign mortgages they dont understand. By the way I wonder if the rates will be fixed or not?? Either way the mwananchi is about to be screwed big time.[/quote]
A fool & his money? The properties will be enjoyed by my lineage, I'll die with the remorse or guilt, if any.

What Kenya needs is their very own Suze Orman, open up a thread watu wavote, wakinivotia, nitawork day and night to financially enlighten the Wanjikus. Pro is Kenya will be economically stronger, con is no more making money off Wanjiku's back. To those even contemplating signing a mortgage, its advised that you have 6 months worth of income saved up ( this does not include stocks, land etc, just cash that you can access easily). This though is recommended for the US where there is unemployment insurance, disability, food stamps, section 8, low income housing etc etc. Kenya on the other hand does not have a social/economic safety net, be warned that you should have 2-3 years worth of income saved, should you choose to sign on the dotted line.