A government bond is a debt security issued by a government to support government spending and obligations. Investopedia.com In my understanding, a government bond is where the Government borrows money for infrastructure and recurrent expenses like paying salaries etc. They call it budgetary support. Imagine having to borrow money to consume and some of the money meant for infrastructure goes...
Option 1. Live your best life now Own a ¼ or ½ acre plot in a gated estate with internal tarmac roads, solar street lights, sewer lines, green fences, a recreational park with a small lake, over 2 million liters of water reserve, underground cabling of electricity, and internet. You will never have to worry about insecurity and you won’t pay taxes on building materials. Option 2. The good...
I had a conversation with a furniture and interior designer about business growth. She has made some great furniture pieces for my house. Her business is called Tira studio and she has a showroom on Ngong road. Check out their website https://www.tirastudio.co.ke/ for their end of year clearance sale on timeless furniture. Tira Studio Business secret She told me of a business secret that she...
I had a conversation with a Kalenjin friend about investing. His views on investing contrasts with mine so much. Before I break down the facts and myths, I wish to tell you a short story. A story about a young bride A young bride was seen by her husband breaking the legs of a chicken before placing it in the oven to grill instead of placing it whole. Her husband inquired the reason for that and she...
I asked this question on Facebook and it elicited a lot of reactions. In case you haven’t seen the question, here it is; If you are a single woman and you buy or build a house, then you get married, would you allow your new husband to move into your house? Why or why not? After a very successful debate, I feel like “addressing the nation” in my capacity as a valuer and real estate...
A few weeks ago, I learned of a young man (let’s call him Peter) who had lost his job because their organization had shut down it’s operations and sent everyone home due to COVID 19. I can imagine the confusion and pain of not being able to provide for his wife and 2 young kids. I’m sure this is the unfortunate situation in many organizations. I’m writing to John and other young men like him....
If you own a home, you’ve probably been sold on the benefits of a shorter mortgage or heard it’s wise to pay more than the minimum so you can pay it off sooner. I was actually exposed to this idea before I owned a home, in my high school math class, when our teacher espoused the virtues of a shorter mortgage. I rushed home and breathlessly asked my mom, “Mom, do we have a 15 year mortgage? If...
What is valuation? The valuation of property has long been characterised as both an art and a science: an art because of the need to make value judgments concerning the intangible features that attract certain buyers; a science because it is possible to establish trends and analyse how these are interpreted by buyers and sellers, including the value placed on particular property...
A-grade buildings in Nairobi have an average of 2.2 parking bays per 100 metres square whereas B-grade buildings have an average of 1.5 parking bays per 100 metres square. Most of the A-grade office space is located in Westlands and Upper Hill. Innovative approach to leasing To book your wedding cake today, please call / Whatsapp Tajicakes on 0724 771009 Negotiate for revenue share rent as opposed to...
What is a Capital Gain? A capital gain is the difference between the acquisition price and the selling price of anything including a capital item. It is the appreciation in the value of the item from the time it was bought to the time of selling it. Hence, a capital gain in a property is the difference between the selling price and the cost of the property. Actual cost of the property The cost of the...