Olivia
Online
Nairobi | Dubai Real Estate.
@_Keffa
Undergraduate - Real Estate (UoN) |
Masters - Tax Administration ( KESRA | Moi) |
Property Show 👇🏾
Nairobi, Kenya
Joined February 2013
1.1K Following
723 Followers
36.7K Posts
Pinned Tweet
Cc.
@USAmbKenya and other red plate vehicles.
We will not move in traffic when you turn on sirens.
You need to be somewhere early, get up earlier.
Incoming CSs wajue we are not moving for anyone in traffic going forward. Amka mapema kama uko na shughuli.
Agreed.
What South Africans are doing is unjust to the future of a united Africa.
We cannot be friends with folks that hate us.
🚨 Carragher asking Mikel Obi about who is he supporting tonight:
Jamie Carragher to Mikel Obi:
“Which side are you backing tonight South Africa vs Czech Republic at the World Cup?”
Mikel Obi:
“I’m going with Czech Republic tonight.”
Carragher:
“Hold on… what about South Africa? They’re your African brothers.”
Mikel Obi:
“Yeah, but unfortunately for them I’m backing Czech Republic today. Some team has to go home early and focus on keeping their jobs..
This is what will happen across Kenya with the affordable housing program as designed by @PSCharlesHinga.
Housing follows socio-pyschological factors, not politically imagined supply gaps.
In 1956, the federal government opened thirty-three eleven-story towers in St. Louis. By 1972 the city was dynamiting them on live television. Sixteen years. That is the lifespan of one of the most celebrated public housing projects in American history, a complex that won an architecture award from the same profession that designed it.
Pruitt-Igoe cost about $36 million to build, funded under the Housing Act of 1949 and the dreams of planners who believed you could engineer the poor into prosperity by stacking them in concrete. Minoru Yamasaki drew the towers (he later designed the World Trade Center, which also came down on television, though that is another story). The men who approved the project answered to no price signal, no profit, no loss. They spent other people's money on buildings nobody chose to live in voluntarily, then acted surprised when the tenants treated the property accordingly.
Here is what central planning cannot solve: nobody owned the place. Not really. The residents rented from a housing authority that collected rents capped by law and below the cost of maintenance. So the elevators stopped working. The heating failed. Windows broke and stayed broken. By 1971 occupancy had collapsed to roughly 600 people in buildings designed for 10,000. You do not need a degree in economics to understand a building where the toilets back up and no one is responsible. You need only to have read Mises on property without owners. When the bureaucrat spends appropriated funds, he can never replicate the discipline of an owner facing a balance sheet.
The planners diagnosed the failure as a design problem. Too many high-rises, they said. Not enough community space. They never asked whether the entire model of subsidized, politically administered housing produces exactly these results, because asking that question puts the planner out of a job. Charles Jencks called the 3:32 PM demolition on March 16, 1972 the death of modern architecture.
It was the predictable end of property without owners, paid for by taxpayers who never set foot in St. Louis and were billed anyway.
Ismaila Sarr has been paid by the imperialists to betray Senegal.
Japan are beautiful to watch.
🚨🇯🇵 𝗡𝗘𝗪: Cameras caught Japan coach Hajime Moriyasu giving instructions to his players using a whiteboard filled with numbers.
Japan appear to have several plays and tactical systems coded by numbers, possibly to surprise their opponents and keep their instructions hidden.
A very interesting and innovative method from Moriyasu.
First letter order
Scouts will travel to 10 game to watch this kid play to sign him.
Every fan watching the game would sign him for the club today.
Ayyoub Bouaddi is sensational— he’s just 18
@ManUtd should be going for Ayyoub Bouaddi.
Excellent control.
Excellent passing.
Paqueta starting over Cunha is crazy
Morocco are not African champions.
They have repeated it 8 times.
Mine is to echo what Mwalimu has said.
@kerubo_hillary We will stay awake, hate requires you to be active. Morocco should fall😂
@BoardLotSultan I agree.
Not on the funding side.
On the Real Estate side, it is the same.
A developer failing to deliver on time.
Customers deposits stuck.
Costs climbing.
Trust broken.
Centum Shareholders own those units while holding over 7B of money they do not own.
Taking 7 years on a 2 year building cycle is dangerous for this particular reason.
Delays
Costs climb
Presales cannot cover construction 🏗️ costs + margin.
Raise funds (or borrow @ 25%).
Raise a D-Reit or I-Reit.
Rob Peter, Pay Paul.
Trust Erosion. Customers Pullout.
⚠️
Centum is Holding Kes 7.13 Billion of deposits from customers who have paid for Off plan Properties (Presales) 🙄🙄
I agree @BoardLotSultan
A portfolio heavy on real estate will require a specialist at disposal.
Anyone with money can build units, building a disposal pipeline is the 🐘 in the room.
Otherwise, cyton 2.0
Fund Managers & Bankers fail to understand the technicalities of Real Estate.
You cannot plot outcomes from a real estate project & guarantee a % return.
Customer Acquisition in Real Estate is Psychology not Finance.
Many Variables = Risk.
Full Payment ≠ Transfer/Ownership
Very good perspective here.
I think i can submit the counter argument for this. My anecdote is that not everyone is trying to be mini-hedge manager. Some of us just want a slice of the gains of the broader economy. We are betting on the house not the player.
👋 ¡Bienvenido, Mourinho! 👋
No one should be threatened for their perspectives and analysis of publicly available financials of a publicly traded company.
Employees of @CentumPLC should be focusing on the tasks of growing shareholder wealth.
The days of Moi and Censorship are long gone.
Hi sir Brian @brian_mwau . I would like us to finish what you started. I have been in touch with your Board of Directors at Centum, where I understand you are an esteemed employee.
Cc:
@DonaldKaberuka
@MworiaJ
@CentumPLC
Also I hope you will come to the shareholders meeting, see you then.
@_Keffa
@cleuveschahasi @BoardLotSultan The terrible culture of censoring alternative voices in our politics is slipping into listed companies
Financials are public documents for public consumption and synthesis
An employee of @trificsez threatening a shareholder & revealing his personal info is corporate bad manners
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