There is a saying, ‘rich people first make the money, then they save money and only after that they start spending it. Poor people on the other hand first spend and then think about making or saving the money.’
This is exactly what happened to the real estate market of Kenya. Thrilled by the huge need for housing in the country, majority of people rushed to invest heavily, directly or indirectly in the promising sector forgetting about the basics of real estate and general investment rule of risk-return factor and market analysis.
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