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Re: Mogadishu boom stirs concern
Posted: Mon Oct 15, 2012 2:03 am
by InvisibleHand
AbdiWahab252 wrote:InvisibleHand wrote:X.Playa wrote:1 million house?? what the hell, are you serious.
And that's at a "bad area"
Xamar property prices are ridiculous. Huge demand and little supply. Reminds me of the Boston housing market.
Invisible,
I have a small plot near Jidka Sodonka in Hawlwadaag and got an offer for $100,000. I ain't going to sell it as I hope to build on it once I cash out on other ones located deep in nonHG areas.
Hawlwadaag I hear is one of the more expensive areas of Xamar; prime location. My father owns a home there but not sure how much its worth; but its within the vicinity of the Bakarah market. It's an older house; he built it when he was 18-19 and occupied right now by his sister and her kids/husband so I think the value would come from the plot itself rather than the 3.5 decade old structure.
How small is your plot though? Is it the standard sized plots?
I've been asking the octogenarian relatives (via the parents) if they can switch ownership of their plots of land to me and surprisingly its been somewhat successful. I already have one in my name and in the works to acquire a second plot of land. I figured the grandparents would be more flexible and nicer than the others in the family and I was correct

Re: Mogadishu boom stirs concern
Posted: Mon Oct 15, 2012 2:43 am
by FarhanYare
AbdiWahab252 wrote:Hilowle,
Yeah, right ? Sorry saxiib, I am not going to live among Abgaal. It was shocking to final venture deep into Kaaran last fall and see the home I haven't laid eyes on for 2 decades.
damn i went to karaan back in 2001 and the place looks like an atomic bomb has fell down on it

Re: Mogadishu boom stirs concern
Posted: Mon Oct 15, 2012 9:47 am
by greenday
If you want a normal plot you can get it for 20-30k, some family members got plots for 15/7k when shabab was in xamar.
Re: Mogadishu boom stirs concern
Posted: Mon Oct 15, 2012 9:53 am
by FAH1223
Murax wrote:FAH,
Your Pops should sell that shid while He could.
easy for you to say but when it is something your pops worked for and kept all these years, you'd be apprehensive about it
Re: Mogadishu boom stirs concern
Posted: Mon Oct 15, 2012 9:55 am
by AbdiWahab252
FAH1223 wrote:Murax wrote:FAH,
Your Pops should sell that shid while He could.
easy for you to say but when it is something your pops worked for and kept all these years, you'd be apprehensive about it
FAH1223,
Especially when you feel that we have turned the corner. Its like bing one of those cats in NE who sold out early in early 2000s only to bite their tongue after missing out on the tripling of property values in Chocolate city. That nicca can't afford to live anywhere decent in the district.
Re: Mogadishu boom stirs concern
Posted: Mon Oct 15, 2012 10:00 am
by Nomand
FAH1223 wrote:Murax wrote:FAH,
Your Pops should sell that shid while He could.
easy for you to say but when it is something your pops worked for and kept all these years, you'd be apprehensive about it
the properties will get even more expensive in the coming years. as more people return and somalia starts producing oil and other minerals, mogadishu will boom. the only other city which i think also will boom maybe even rival mogadishu is kismaayo.
Re: Mogadishu boom stirs concern
Posted: Mon Oct 15, 2012 10:00 am
by FAH1223
AbdiWahab252 wrote:
FAH1223,
Especially when you feel that we have turned the corner. Its like bing one of those cats in NE who sold out early in early 2000s only to bite their tongue after missing out on the tripling of property values in Chocolate city. That nicca can't afford to live anywhere decent in the district.
It is the exact same thing. Remember those neighborhoods around Capitol Hill and how it was ALL madow that bought those town houses for less an $100k back in the day?
Now they can only live in PG County... cashed out a few hundred thousand when they coulda got millions

Re: Mogadishu boom stirs concern
Posted: Mon Oct 15, 2012 10:11 am
by AhlulbaytSoldier
For a old woman, Aamina is beautiful
This boom is something we must defend, the terrorists must not win
The displaced people should go back where they came from. Baidoa is now safe. Please just go built ur houses and farms. I dont want to look at them when chilling on the balcony

Re: Mogadishu boom stirs concern
Posted: Mon Oct 15, 2012 10:14 am
by BlackRain
I know this oday who sold his properties in K4 junction for a whooping 300,000. nigga got the money sent to him via Amal. It was an eye opener

Re: Mogadishu boom stirs concern
Posted: Mon Oct 15, 2012 10:22 am
by S-D-M
Anigu tuladii aan ka'imid baan usocdaa....... Good luck to all that want to buy properties in Xamar.

Re: Mogadishu boom stirs concern
Posted: Mon Oct 15, 2012 11:00 am
by AbdiWahab252
S-D-M wrote:Anigu tuladii aan ka'imid baan usocdaa....... Good luck to all that want to buy properties in Xamar.

Wa xagey ? Koleey aniga waxa raba iin aan guri ka dhisto Hobyo. Ma rabo ina noqodo sidi Adeeryal oo dhulkood nacay

Re: Mogadishu boom stirs concern
Posted: Mon Oct 15, 2012 11:05 am
by Hyperactive
AW the funny thing is your uncles who buying houses in mogadishu like crazy. dammit you guys are richest somalis!
im going to mogadishu inshallah. one of my uncles went there yesterday. i took him to airport last night at 8 pm. i told him to take pic, but he said : he doesnt have time for that.lol
Re: Mogadishu boom stirs concern
Posted: Mon Oct 15, 2012 11:24 am
by AbdiWahab252
Hyper,
Adeer, you need to check it out. I however believe that every rich person needs to invest something into their ancestral village. In Kenya, all the rich people have holiday homes in their villages and when they die ask to be buried in their villages.
Re: Mogadishu boom stirs concern
Posted: Mon Oct 15, 2012 11:31 am
by Jaidi
Re: Mogadishu boom stirs concern
Posted: Mon Oct 15, 2012 11:55 am
by Hyperactive
AbdiWahab252 wrote:Hyper,
Adeer, you need to check it out. I however believe that every rich person needs to invest something into their ancestral village. In Kenya, all the rich people have holiday homes in their villages and when they die ask to be buried in their villages.
i heard you AW, i would want to spend rest of life in hamarweyne, or msjid abdul aziiz
