You start from wrong footing - Big 4 was not revealed until after 2017 election.
Those of us who follows these things know better than you do.
Big 4 was 1st announced in Jamhuri of 2017 - long after election.
It was a solid plan that addressed all your concerns.
The housing sector was easiest to pull.
It looked both at supply and demand side issues....and pretty much proposed straightforward solution.
There was 24 billion dollars plus worth of commitment that came through.
But Uhuru started his misguided war with Ruto - then found himself doing BBI - and only delivered 2,000 units.
Output:
BIG 4 failed. BBI failed. War against ruto failed.The mlevi screwball just cannot get anything right - and combined with legendary failure Raila - you can expect the usual nonsense of we are cross roads tiala tibim nonsense.
Big 4 housing document is out there - Ruto will not add a comma to it - in his upcoming manifesto.
It addresses all those concerns - again both supply and demand side of housing - and is solid plan.
Ruto was central in formulation of Big 4 - which was suppose to be next phase after infrastructure was done.
Mlevi took over - and of course it all collapsed.
What did get off ground - few units - that Kenya mortgage refinancing - and that was pretty it.
Before long - housing was dumped - and it became Kazi Mtaani.
There are many long term funds - both internally and externally looking for investment in real estate like in Kenya.
All gov need to do is to de-risk the sector - and it can easily do that - if it's serious.
2ndly housing main intention apart from providing houses - is to generate at least two million mjengo jobs.
It can be done. It will be done. Ruto did it with low seal volume roads. When they got problems - they solved those problems.
Raila is obviously too senile to do anything serious and has detoriated so much he is back to "disease, poverty and ingorance".
Back to housing - there is no new money required - people are paying rent in Nairobi that can easily become mortgage - people just need to raise 10-20 percent deposit - then continue to pay their normal rent. That housing levy was suppose to prepare people to raise 10-20 percent deposit - then banks will take care of the rest - as long as mortgage = rent - any extra would be refinanced by gov.
If I am not wrong anybody paying at least 8-10K rent per month can easily convert that rent to mortgage if gov does few things - that are all well enumerated in big 4 housing plan. Cheapest unit can be delivered at 1m...that nice one bedroom or studio...that person can pay 8K and in 15yrs own it...they just need 200K deposit.
And Chinese are by far the best - for they bring scale - and execute projects on time and on budget.
Topic: Ruto should avoid this rent-to-own - slipperly propaganda (Read 2078 times)