talented321:
House! Car is a liability and has expire date.

CoronaVirusPro:
Owning a house is a long term investment and a liability for your age. Land is better.

Do you have needs for a car? If yes, hold lands and buy a car. Building is not worth it if you just starting up. You will end up caging your money.


You can use remainder to invest in good stocks. Google, Raytheon and Amazon

You could also hold rare coins.


At your age, it’s guaranteed you will smile in +15 years and will have more than enough to build if you choose.

Easyincome24:


One can buy some completed apartment and lease it out. What about that too?
I understand the aspect of buying a landed property as well.

Easyincome24:

I disagree with your last statement.
Cars have expiry date, maybe you may let this make more sense.
I accept it could be a liability of not been used for business.

CoronaVirusPro:


How much will you buy a completed apartment?

Lets average at 40 million. How much rent and years will it take you recover that cash and get into profit? Maintenance excluded.

You can make better investment and same time spread your risk with such amount.

Easyincome24:

What about outright sale off after acquiring?
If it's a tastefully built environment, that can go as high as N75M-N100M.

Mhizzard:
To me,owning a land and build house on it should be every man's priority in as much he is do in fine his lucrative business.car can never be your initial purpose,because how would you be living in a rent house and own a car,does really make a sense?no..having a house is like have peace of mind there be won't nothing like when this year end i will try my possible to pay upcoming rent fee before the present one get expire.

Easyincome24:


Sounds wise. Someone up the thread kicked against this his reason being that one is still young. But he affirms investing on land at this tender age.

Easyincome24:
It's good one plans his/her life early enough to avoid story that touches.

Some of our parents never believed that the country will become what it is today.

My father told me how cheap lands were in the country when he was in his 20's. He regretted not investing enough due to shouldering many responsibilities especially bringing his siblings and extended families to the city. He nurtured them till they became of age. When he realized what's up, time has exceeded him as we the children have needs too.

Now, I'm asking the following question: between owning a car or house, which would you advice someone in his 20's to acquire first?

Both can yield returns as long as they can be used in the proper way for investment.

Can we have more people comment on this to help many who are still in their 20's and able to fund any of the assets?

Note: Some young folks are doing legit work earning in $$$. I have some techy guys in their 20's as software developers, Blockchain DAOs, Freelancers, Content creators, YouTube influencers, Social Media Marketers, 3D animators, AI engineer, Bitcoin minning. They evolve around tech working remotely. So, not all of these guys in their 20's are yahoo yahoo, at least these ones I can guarantee.

We engaged in a discussion where they raised the above question about which is best between owning a car or house at their ages.