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That's vastly inaccurate. Unless they talk about some really poor Central African countries, it's not a problem in more well off parts of coastal Africa. A Ke
by baybal2 6y ago
That's vastly inaccurate.
Unless they talk about some really poor Central African countries, it's not a problem in more well off parts of coastal Africa.
A Kenyan, or Nigerian family of economically active class can buy their first property in cash.
The talk here is a about the part of populace who is just above living in slums, and informal housing. A very different matter without a doubt.
- herodoturtle 6y ago> That's vastly inaccurate. Which part of the article (or my comment), exactly, is vastly inaccurate? Having lived in an affluent part of coastal Africa for a couple of decades, I am intimately familiar with the wealth disparity which you speak of. But I don't see how the luxurious living of the minority renders the overall arguments in that article inaccurate. Please help me understand what you're referring to?
- baybal2 6y agoI am referring to them singling out that "liquidity" thing as the sole culprit, while much more obvious problem of omnipresent "fraudstrepreneurs," and cost of construction materials outside of tier 1 economies of Africa is not even mentioned. Saying simply, credit availability make little difference for construction business in already relatively well doing countries in Africa, and everybody else will have much more obvious issues to deal with first.