Peter Salaysa: 1.1 M salary But Takes Home 97,000

[sema]

• Tweet

What stood out for me here was the mortgage deduction of 563,000 (why would you take out a mortgage in kenya?) Wouldn't he be better off saving his money and using the cash to build a small house in the village? and a car loan of 90,000?

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Let me demonstrate to Hon Aaron cheruiyot ,deputy prezda Gachagua my great friend CS Murkomen that all Kenyans have shares in this country. I CONTRIBUTE 300K plus to revenue and the president is the only our watchman for our contributions and its our right to ask for development <a href="https://t.co/KWAmBUu2eg">pic.twitter.com/KWAmBUu2eg</a></p>&mdash; Peter K. Salasya, MP (@P_Salasya) <a href="Invalid Tweet ID?ref_src=twsrc%5Etfw">February 23, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

[RV Pundit]

Mps are given 20m mortgage..if you repay in 5yrs..that 60 months..principal alone ni 350k per month..I gues ingine ni interest.20m in Nairobi can get you nice apartment or house

[RV Pundit]

Now with 95k..kazi ni kuomba cdf manager pesa..and faking petrol receipts. Mp also entitled 7m for car loan and 7m for car grants

[Georgesoros]

Whats the official inflation rate in Kenya?
Looks like its 50% +

[sema]

Whats the official inflation rate in Kenya?
Looks like its 50% +

This is why taking out a mortgage is crazy in kenya (but I think the rate is about 30%, which is still too high) and with a 7 million car grant (that's $70,000 dollars of free money!) why would you take out a loan for a car? I'd buy a used toyota.

[Georgesoros]

Whats the official inflation rate in Kenya?
Looks like its 50% +

This is why taking out a mortgage is crazy in kenya (but I think the rate is about 30%, which is still too high) and with a 7 million car grant (that's $70,000 dollars of free money!) why would you take out a loan for a car? I'd buy a used toyota.

Africans like status. It comes with Big car etc
Buffett, worlds richest man still drives a Chevy, lives in the same house since 1953.

[gout]

No wonder they lick every ass.

Everyone living beyond their means and productivity just like the country. And explain why you will keep begging for state jobs. 

[RV Pundit]

Gov employees and banks get "cheap" rate of less than 10%. Paying off mortgage in 5yrs is good investment. the crazy thing - they still get 150K house allowances.

But clearly it's criminal for MP to earn 90k from 1.1M. That one will just be begging.

They get car grant and car loan - buy two prados - one for wife - one for himself.

This is why taking out a mortgage is crazy in kenya (but I think the rate is about 30%, which is still too high) and with a 7 million car grant (that's $70,000 dollars of free money!) why would you take out a loan for a car? I'd buy a used toyota.

[RV Pundit]

Yes, my cousin is cdf manager, those mps are broke, and are at their mercy, when not begging and intimidating civil servants - or queuing in ruto office.

No wonder they lick every ass.

Everyone living beyond their means and productivity just like the country. And explain why you will keep begging for state jobs. 

[RV Pundit]

And the idiot has exposed his ID, bank account, everything.

Mulot boys will clean him up