Sunday, June 10, 2007

Happy to be Here


PART 1

There exists a persistent shortage of all types of housing in Kenya.

By the year 2010 Kenya will have an unmet need of over 1,000,000 new housing units. The need of the hour is provision of low-cost and budget housing. However a lot of would be developers cannot go far in meeting the scarcity because of many reasons.

These reasons range from money/finance, logistical support, knowledge, to issues of national land laws.

Meanwhile we have huge cash reserves amongst a Kenyan population that has become investor bugged. All IPO’s are over subscribed.

We have myriad debates about how to tap the capital but no one seems to do any thing about it.

The existing institutions e.g. pension funds with the available resources have been ripped off in massive corruption schemes. hint hint Nyayo Estates, Embakasi

This blog reaches out for the individual investor with intent in investing in property. And works at how to secure your investment. without having the common thieves ‘tax, corrupt officials , insurance agencies and the pension funds’ using your money for god knows what.

When was the last time you read your pension funds balance sheet? Yeah you don’t even know it exists. My bet is that the salaries and allowances only were much more than what actually invested. Now you see why your son had to go back to school with his old pair of shoes?