Kenyans are complaining about little money - 3% with max of 2,500????

[RV Pundit]

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Surely? Housing levy is capped to 2,500 - majority will be doing 600-1,000 per month - and they might get a house in the end.

https://twitter.com/i/spaces/1yoKMZaMLEzGQ?s=20

[RV Pundit]

Look like most kenyans support finance bill contrary to BS

[Njuri Ncheke]

World bank os against it there we go 

[RV Pundit]

IMF ndio kusema sio WB.

World bank os against it there we go 

[gout]

It is a 100 billion per year. 500billion plus in five years. Can easily hit 1 trillion with formalization of another 2-3 million hasora jobs.

Thus need for clarity - it can't be a slush fund for Hasla  and his foremen.

[gout]

World Bank is the architect of affordable housing  and is financing KMRC. They should consider $5 billion as

https://www.worldbank.org/en/country/kenya/publication/kenya-needs-2-million-more-low-income-homes-building-them-would-boost-its-economic-growth

https://projects.worldbank.org/en/projects-operations/project-detail/P165034

World bank os against it there we go 

[RV Pundit]

That 1B dollars a year as potential of unlocking 10b or 1 trillion shs every year if we can get private chinese developers like Eddermann interested.

Let not get carried away by grafts and such - those are given - but hopefully it never exceed 10-20% - make it unsustainable.

What we need is to use the housing fund - as lever - to bring in private housing developers - who can build a minimum of 5,000 units very very cheaply.

Look at Edermann with his GreatWalls apartments - sometimes he sell them for 3million for 3 bedroom - without any subsidy.

Now bring in Chinese big time housing developers - and transform the country - Not only jobs - but decent housing.

Nairobi since 1990s - has turned into huge slum -

It is a 100 billion per year. 500billion plus in five years. Can easily hit 1 trillion with formalization of another 2-3 million hasora jobs.

Thus need for clarity - it can't be a slush fund for Hasla  and his foremen.

[gout]

We are not hearing of the Chinese or the Elderman. So far it is just Shabahl Buxton, Shabal Shauri Moyo.

That 1B dollars a year as potential of unlocking 10b or 1 trillion shs every year if we can get private chinese developers like Eddermann interested.

Let not get carried away by grafts and such - those are given - but hopefully it never exceed 10-20% - make it unsustainable.

What we need is to use the housing fund - as lever - to bring in private housing developers - who can build a minimum of 5,000 units very very cheaply.

Look at Edermann with his GreatWalls apartments - sometimes he sell them for 3million for 3 bedroom - without any subsidy.

Now bring in Chinese big time housing developers - and transform the country - Not only jobs - but decent housing.

Nairobi since 1990s - has turned into huge slum -

It is a 100 billion per year. 500billion plus in five years. Can easily hit 1 trillion with formalization of another 2-3 million hasora jobs.

Thus need for clarity - it can't be a slush fund for Hasla  and his foremen.

[RV Pundit]

Because there is no housing levy. Those ones are willing to shoulder all the risks.

We are not hearing of the Chinese or the Elderman. So far it is just Shabahl Buxton, Shabal Shauri Moyo.

[hk]

KMRC is suppose to be like fannie mae and freddie mac offering cheaper longterm mortgages supposedly cause they're backed by government. But they cant offer cheaper mortages cause even government is being forced to borrow at high rates. 
Diverting econnomic resources into housing instead of allocating it into improving productivity cause its more visible (infrastructure) will ensure depressed economic growth.

[RV Pundit]

Ideally KMRC should not be operating in the current messed up market - they are burning tax payers money. They should wait until the whole jigsaw fits and should only intervene after demand and supply structural & systemic problems in housing have been fixed - when economies of scale have set in - and we have thousands of cheap houses - looking for cheap financing.

Hinga claims - building housing - has almost similar multiplier to manufacturing - while building roads and infrastracture doesnt. Road construction are just few heavy equipments - while building house requires many intricate fundis to work the pipes, lay the doors, etc. A billion invested to tarmac rural road will employ maybe 100 people - while 1 billion to build housing estate - likely employ 1k people - hence the allure.

So he is making a compelling case  - so compelling even Ndii and team bought into housing agenda - and dropped manufacturing.

As you well know - after serious comparative economic study - Ndii and Ruto settled on
1) Agri - solid data - largest sector - lowest hanging fruit - kill many birds with one stone - food insecurity, employment, export,etc.
2) MSMES - solid data - largest employer outside farming - but hustler loan is little micro-loan - hopeful group loans will help - at least there is more recognition and respect for hustling in kenya - no hawkers been maimed in nairobi.
3) Housing - again potential for solid sector - that also kills many birds
4) ICT - creative economy - wild card but potential for leapfrog.
5) Healthcare - it needs to done - has to be fixed - counties need to fix this.

KMRC is suppose to be like fannie mae and freddie mac offering cheaper longterm mortgages supposedly cause they're backed by government. But they cant offer cheaper mortages cause even government is being forced to borrow at high rates. 
Diverting econnomic resources into housing instead of allocating it into improving productivity cause its more visible (infrastructure) will ensure depressed economic growth.