Heyy I’m Langat and I’ve spent too much time learning how to build and not enough time actually building, to the point where I lost sight of why I started: I just want to make and share awesome products.
So I’m changing how I work. Smaller projects, more building, more shipping.
@jmndatascience@nderi_j That’s actually a more interesting debate. I agree that barriers to entry suppress private housing supply and Kenya(East Africa) should absolutely ask how much of that can be removed.
Btw post war American homes were built with heavy government involvement
Do you really practice economics????
Or it’s just a paper degree
1. Calling a government affordable housing programme “bankrupt” because of a funding gap shows you did half-assed research at best.
These programmes almost never fully recover costs and that’s by design.
Bro! The project is bankrupt!
Ask your economists to explain to you why it is bankrupt. Focus on Dangote. That is the only thing going for you right now...
@nderi_j This is mostly accounting semantics 😂
Your own screenshot is explaining consolidated public sector accounting to you. HDB can report a massive deficit while the state deliberately subsidises housing and transfers value between public entities.
@nderi_j I just told you such projects are supposed to loose money by design. Singapore’s HDB always defaults and it houses maybe 80% of the population
@nderi_j Ohhh btw, I’m not proud of it but I’ve worked in a central bank and a DFI in East Africa, all by 22, then quit, so I think I know a thing or two
2. There’s the normal cash-flow reality of scaling an ambitious social housing pipelines, not some shocking economic revelation. Governments know this going in. Singapore’s HDB posts multi-billion deficits every year on purpose.
Make actual research next time
Rents/sale prices are kept below market, so shortfalls, delayed contractor payments, and temporary stalls are extremely common worldwide including in far better run systems. The KSh 118bn gap and stalled projects is a normal problem
The original ideators, the people who deeply understand the problem, the customer and the opportunity can finally show up with enough intelligence at their fingertips to build the solution themselves.
It’s funny some of the most cracked engineers were never naturally great at solving real-world problems until someone explained the problem clearly enough for them to turn it into an algorithm.
Now intelligence itself is becoming affordable.
That changes the game.
you, former cracked engineer, screaming to your normie friends they can build whatever they can imagine with AI now
only to discover your normie friends have no imagination