land is a store of wealth. when you are wealthy enough you buy land to pass it over to the next generation, your kids.
when you buy land as a means to wealth, you must buy it at a discount. you must have privileged information which the seller does not have. people who bought acres in syokimau…kitengela kitambo…the sellers never thought anything meaningful can come out of the land, so they sold at throw away prices.
when someone sells you a plot, eti sgr/bypass itapita hapo, the price has already adjusted due to that information, and u will buy it at its future price. u will never ever make a return out of the land. people buy land for 1m and after 15 years sell for 4m, then think they are smart, 15 years
Land it’s very important.
Some sense in what you’re saying.
If you are a speculator buying land in God forsaken place, that makes sense, some people buy it as a necessity in their line of trade, like a farmer or a real estate developer, they cannot actualize their business ideas without land while others just want to set up a home and settle.
:D:D:D:D Is okay,is alright
Very important piece of education.
At least it’s a store of wealth. However it’s become harder to get the returns people saw from the 80s and 90s because inflation had been reduced.
I’m buying lands cheaply huko Rumuruti, Laikipia county. 120k a acre. Time will tell if it’s the biggest mistake of my life or the best thing I’ve ever done.