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Re: Rebuilding the property you fled in Mogadishu after 20 y
Posted: Wed Aug 17, 2011 3:30 am
by Mckuus
Murax wrote:Personaly I think Your cousin is wasting His money. It won't be any time before that House and entire neighborhood becomes a killing field Where even quraanjo won't survive. My Dad on several occassions wanted to sell whatever We Had there after some inquiries from some dudes in America, UAE but got a lot of pressure from other parts of the fam to keep it and 'sell it high when Mogadishu becomes stable'. Well that place ain't never gonna be stable. The place is almost like a video game From Mooryaan, International Terrorists, Amxaaro, to Ugandese to who knows what You cannot even script it any better. Best advice to anyone is get whatever money You could out of what You have there and pocket the cash. No need to have a "Vacation home" if Mogadishu ever becomes a vibrant, developed city one day and You really wanna go what would stop You from staying in a 5 star hotel?
Most villas in xamar won't go over 15-20k, even the best ones. So there's no point in selling it now, you might as well just keep it and see what happens to the place.
Re: Rebuilding the property you fled in Mogadishu after 20 y
Posted: Wed Aug 17, 2011 3:32 am
by FAH1223
Murax wrote:Personaly I think Your cousin is wasting His money. It won't be any time before that House and entire neighborhood becomes a killing field Where even quraanjo won't survive. My Dad on several occassions wanted to sell whatever We Had there after some inquiries from some dudes in America, UAE but got a lot of pressure from other parts of the fam to keep it and 'sell it high when Mogadishu becomes stable'. Well that place ain't never gonna be stable. The place is almost like a video game From Mooryaan, International Terrorists, Amxaaro, to Ugandese to who knows what You cannot even script it any better. Best advice to anyone is get whatever money You could out of what You have there and pocket the cash. No need to have a "Vacation home" if Mogadishu ever becomes a vibrant, developed city one day and You really wanna go what would stop You from staying in a 5 star hotel?
rent your property out, there's a lot of folks there with money but they have no idea what to do with it... not to mention aid agencies...
and mckus, one of my family's villas was valued at $100,000... not much, but not too bad
Re: Rebuilding the property you fled in Mogadishu after 20 y
Posted: Wed Aug 17, 2011 3:35 am
by Mckuus
FAH1223 wrote:
and mckus, one of my family's villas was valued at $100,000... not much, but not too bad
I have a hard time believing that. I have been told that even the best 2-level villas with lots of land in Mogadishu are only valued around 15 to 20k.
Re: Rebuilding the property you fled in Mogadishu after 20 y
Posted: Wed Aug 17, 2011 3:36 am
by AbdiWahab252
Murax,
Garbage saxiib.
From the photos, Voltage's cousins place is in the K-4 area, near Maka Al Mukarama. This is one of the most sought out after areas in Xamar. A small investment in fixing the villa up will allow it to be sold for a tidy sum.
Someone wanted to buy a small old house in Bar Ubax for $150,000 several years ago and we built and bought the land in 1985 for one tenth that.
Re: Rebuilding the property you fled in Mogadishu after 20 y
Posted: Wed Aug 17, 2011 3:40 am
by FAH1223
Mckuus wrote:FAH1223 wrote:
and mckus, one of my family's villas was valued at $100,000... not much, but not too bad
I have a hard time believing that. I have been told that even the best 2-level villas with lots of land in Mogadishu are only valued around 15 to 20k.
nah bro, i got papers in my late awoowe's (AUN) brief case upstairs... he was in Xamar for pretty much all of 2007, its pretty legit..
Re: Rebuilding the property you fled in Mogadishu after 20 y
Posted: Wed Aug 17, 2011 3:40 am
by Methylamine
FAH1223 wrote:
and mckus, one of my family's villas was valued at $100,000... not much, but not too bad
that must be a really nice house
Re: Rebuilding the property you fled in Mogadishu after 20 y
Posted: Wed Aug 17, 2011 3:44 am
by Mckuus
Even the nicest villas in peaceful regions like Bosaso and Hargeisa are 50k-75k tops. You have to remember that the average annual income in those places is less than 2k (most of which is spent on food) so there's almost no local demand.
Re: Rebuilding the property you fled in Mogadishu after 20 y
Posted: Wed Aug 17, 2011 3:47 am
by AbdiWahab252
MckUus,
A plot of land in Xamar costs more than $15,000. Shid, there are plots in Ceelasha Biyaha going for over $100,000.
Re: Rebuilding the property you fled in Mogadishu after 20 y
Posted: Wed Aug 17, 2011 3:53 am
by Mckuus
AbdiWahab252 wrote:MckUus,
A plot of land in Xamar costs more than $15,000. Shid, there are plots in Ceelasha Biyaha going for over $100,000.
^Hot air..anyone paying those amounts is getting ripped off.
I have been told that the best villas of Mogadishu are in the 15-20k range. Plots of land are only a few hundred dollars. This makes perfect sense considering the horrible economic conditions of Mogadishu.
Re: Rebuilding the property you fled in Mogadishu after 20 y
Posted: Wed Aug 17, 2011 4:02 am
by FAH1223
Mckuus wrote:AbdiWahab252 wrote:MckUus,
A plot of land in Xamar costs more than $15,000. Shid, there are plots in Ceelasha Biyaha going for over $100,000.
^Hot air..anyone paying those amounts is getting ripped off.
I have been told that the best villas of Mogadishu are in the 15-20k range. Plots of land are only a few hundred dollars. This makes perfect sense considering the horrible economic conditions of Mogadishu.
the best villas are 6 figures, even with the horrible conditions
there are people with money there
Re: Rebuilding the property you fled in Mogadishu after 20 y
Posted: Wed Aug 17, 2011 4:08 am
by Mckuus
That's not how the economy works. Housing prices are controlled by the basic law of supply and demand. There is practically no local demand in Mogadishu, a handful of outliers don't have much influence at all.
Re: Rebuilding the property you fled in Mogadishu after 20 y
Posted: Wed Aug 17, 2011 4:10 am
by FAH1223
Mckuus wrote:That's not how the economy works. Housing prices are controlled by the basic law of supply and demand. There is practically no local demand in Mogadishu, a handful of outliers don't have much influence at all.
there's a demand... by rich people who don't care about the political situation
Re: Rebuilding the property you fled in Mogadishu after 20 y
Posted: Wed Aug 17, 2011 4:14 am
by Mckuus
FAH1223 wrote:there's a demand... by rich people who don't care about the political situation
They are like a drop in an ocean of poor people.
Re: Rebuilding the property you fled in Mogadishu after 20 y
Posted: Wed Aug 17, 2011 4:46 am
by Voltage
Fah why are you arguing with an anonymous kid on the web when you have your grandfather's deed and records?
Murax at some point the war will end and speculation will drive a lot of people rich. The family members who convinced your dad to wait off saved him a tidy sum.
Abdiwahab
Re: Rebuilding the property you fled in Mogadishu after 20 y
Posted: Wed Aug 17, 2011 4:49 am
by RovingMadness
Mckuus wrote:FAH1223 wrote:
and mckus, one of my family's villas was valued at $100,000... not much, but not too bad
I have a hard time believing that. I have been told that even the best 2-level villas with lots of land in Mogadishu are only valued around 15 to 20k.
These kids and their ignorance