If we had a good and fast transports system in the country 2 Million would be enough for a good house 
in the outskirts of Nairobi i.e Naivasha, Konza, Magadi etc. and with 2M you can get a good house in other towns in 
Kenya.  
Watch the way housing prices are going to hike  in the estates on Thika road since it would not cost much to get to the CBD (where most people work)with the 
traffic jam that has plagued the highway will have been sorted.
In the west people commute for about hours in tubes to and from work. At the speeds at which the metro travels, imagine the distance it would cover
from the CBD towards the outskirts of Nairobi in 1 hour.
With quick access in and out of the CBD the bubble should burst!

Atudo  Ayodo 
Systems Analyst 
atudoayodo@hotmail.com
+254 721 912151, +254 737 587726





> Date: Tue, 1 Mar 2011 17:24:02 +0300
> From: ajochola@gmail.com
> To: skunkworks@lists.my.co.ke
> Subject: Re: [Skunkworks] Shocking The housing market in Kenya
>
> A house worth 2 million? where??????????
>
> On Tue, Mar 1, 2011 at 5:21 PM, Peter Osotsi <peter.osotsi@gmail.com> wrote:
> > Kevin;
> > I have time and again prophesied in the imminent fall in property industry,
> > 4 years now, only that im not heard (well, maybe IT people should never be
> > heard).
> > I just dont understand why there hasnt been a bubble (again, with the
> > pirates in the high seas, I doubt there will be a bubble).
> > Kes. 2 milli is worth a servants quarter in South C, so basically, and in
> > other words, we cant afford to buy a servants quarter. The speculators have
> > set shop countrywide with the devolved governments, im watching with deep
> > breath.
> > Finally, on a good day, I can educate a few skunkers on how to built cheaper
> > housing and make a killing, and not complain, just like the land shark
> > developers, @brainiac are you listening?
> > Peter
> >
> > On Tue, Mar 1, 2011 at 4:18 PM, Okechukwu <okechukwu@gmail.com> wrote:
> >>
> >> For those who are in SACCO's, there is a very good mortgage product
> >> from KUSCCO, and its basically for construction, but you can use it to
> >> finance even an already done house. If banks are frustrating your
> >> efforts, then check it out at www.kuscco.com
> >> The best selling point I love about this is that your 20% contribution
> >> is actually a savings and earns interest - unlike all the banks.
> >>
> >
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