Somali Pirates Blamed for Kenyan Housing Boom


Take that, hedge fund managers!

Capitalizing on what appears to be THE hot career for 2010, Somali pirates, flush with $100 million in ransom money, have apparently started to inflate home prices in Kenya's capital city of Nairobi.

In a neighborhood known as "Little Mogadishu," business and apartment buildings have sprung up to provide for the growing Somali community.

One anonymous Kenyan real estate agent told the Associated Press that Somalis are known for paying double what a property is worth so as to avoid scrutiny.