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Showing posts from March, 2014

Let's talk Housing

What a year it has been, all 2 months of it albeit! So we kicked off the Citizen Business centre on the 19th of February, basically a centre that discusses all things money. The show airs every Wednesday at 9pm on Citizen Television. First Wednesday we talked housing, in specific, mortgages and the deep hole it has thrown a number of Kenyans into. In the backdrop of a housing sector that was left to the Private Sector after the Bretton woods institutions convinced the government to opt out of housing, affordable home ownership became a myth. The markets run free and millions of Kenyans who would have benefited from an otherwise clear government housing plan were left out. Jericho, BuruBuru and all the other government or PPP programmes disappeared with the 80's. So Mortgages came to create a solution, but for many, became a curse. Truth be told however, Mortgage in itself is not hell, but understanding how to make it work for you within the interest rates available has