American Kid buy $150,000 house in Hargeisa

[KobeBryant]

Check out his channel.

 

[Apollo]

Bad investment.

Is he planning on living there permanently?

If not, he is wasting his money.

Real estate is one of the worst investments you can make.

 

[KobeBryant]

Bad investment.

Is he planning on living there permanently?

If not, he is wasting his money.

Real estate is one of the worst investments you can make.

100% I agree. It’s for his mom, and I doubt so I doubt he cares about the return on investment.

 

[stophatingtho]

150k what

 

[KobeBryant]

150k what

It’s possible to save that much as a student in 3 years if you live with your parents work insane hours and are extremely disciplined. Some guy on the forum did it before.

 

[stophatingtho]

It’s possible to save that much as a student in 3 years if you live with your parents work insane hours and are extremely disciplined. Some guy on the forum did it before.

damn what a big W (for getting that bag)

 

[Desert Flower]

Bad investment.

Is he planning on living there permanently?

If not, he is wasting his money.

Real estate is one of the worst investments you can make.

He would’ve been better off buying a house in the states.

 

[mr steal your naag]

Damm 150k

 

[Thugnificent]

It’s possible to save that much as a student in 3 years if you live with your parents work insane hours and are extremely disciplined. Some guy on the forum did it before.

150.000/3/365=€136,99- per day
So he had to make €20 per hour(working 8 hours every day) this includes saterday and Sunday. Earning €20 per hour as a student. And working every day besides your education. No way Or does your sxb go on monthly trips to South America, for that special delivery?

 

[KingSomali999]

Bad investment.

Is he planning on living there permanently?

If not, he is wasting his money.

Real estate is one of the worst investments you can make.

can’t he have people live in there and they pay him rent?

 

[Thugnificent]

He would’ve been better off buying a house in the states.

He could've bought a few houses in the ghetto(inner city not the suburbs) of a major city and pray for gentrification.

 

[KobeBryant]

150.000/3/365=€136,99- per day
So he had to make €20 per hour(working 8 hours every day) this includes saterday and Sunday. Earning €20 per hour as a student. And working every day besides your education. No way Or does your sxb go on monthly trips to South America, for that special delivery?

My bad I didn’t elaborate the guy in the post said it was 100k Canadian. which is 57,000 pounds or 78,000 american. Still super impressive https://www.somalispot.com/threads/how-a-somali-friend-saved-100k-in-36months.18361/page-3

 

[GemState]

150k could get you a nice house in some world class cities, terrible choice.

 

[Thugnificent]

My bad I didn’t elaborate the guy in the post said it was 100k Canadian. which is 57,000 pounds or 78,000 american. Still super impressive https://www.somalispot.com/threads/how-a-somali-friend-saved-100k-in-36months.18361/page-3

That's way more realistic. He grinded for years then. Still a waste that he spend all that money on land. He still has to grind more to build the house. If he let his adeer herd/breed camels for him or he started a business let's say importing cheap medicine from India he couldve made his lacaag work for him.

Still good for him and his hooyo though

 

[Apollo]

can’t he have people live in there and they pay him rent?

Diaspora Somalis have this obsession with investing in real estate in Somalia. So much money is wasted in it only for it to price out locals and for the diaspora investors to lose money in opportunity cost (stocks outperform real estate).

 

[Apollo]

Diaspora Somalis have this obsession with investing in real estate in Somalia. So much money is wasted in it only for it to price out locals and for the diaspora investors to lose money in opportunity cost (stocks outperform real estate).

Come to think of it, for some diaspora Somalis it may be a winning strategy if they are trying to hide money from Western governments.

 

[KobeBryant]

Diaspora Somalis have this obsession with investing in real estate in Somalia. So much money is wasted in it only for it to price out locals and for the diaspora investors to lose money in opportunity cost (stocks outperform real estate).

Lol diaspora somalis are like the Tech bros who put prices Bay Area locals.

 

[reer]

Bad investment.

Is he planning on living there permanently?

If not, he is wasting his money.

Real estate is one of the worst investments you can make.

xamar is great for investment especially during the pandemic when plots in dayniile degmo of xamar were going for 1k. people who invested in good ppaces of xamar a few years ago made a lot of money.

 

[Reformed J]

Come to think of it, for some diaspora Somalis it may be a winning strategy if they are trying to hide money from Western governments.

It only takes an incensed warlord for your investment to be worth nothing

 

[Apollo]

xamar is great for investment especially during the pandemic when plots in dayniile degmo of xamar were going for 1k. people who invested in good ppaces of xamar a few years ago made a lot of money.

Only during the extremes of the civil war or when Al Shabaab rose perhaps.

But now it is not a good deal.

Look at the ten year price chart of Apple, Amazon, Google etc. You will be shocked.