dayleke:

Go save $200k then. U no go pay uncle Sam?

Ugosample:


but if you owe rent, you will also be thrown out

so what are we saying

you are living in the house and paying the mortgage as you would have paid rent if you were renting
so even if you default and was thrown out (God forbid, worst case scenario)
at least you were living in the house the whole time

Northeastern:


Thrown out ke. If it comes to that, you can sell and pay the outstanding debt and keep the equity that you would have accumulated from the monthly payments. The foregoing is assuming the value of the house didn't fall and there is no mortgage crisis like we had in 2008.

rawpadgin:
To buy a decent house in the state cost about 200 thousand dollars on the average.......

Thats about 70million naira..

Where this unknown Instagram comedian take make that amount?

Unless he is into drugs

rawpadgin:
To buy a decent house in the state cost about 200 thousand dollars on the average.......

Thats about 70million naira..

Where this unknown Instagram comedian take make that amount?

Unless he is into drugs

dannywest:
They don't buy houses cash like us.

I know who owns a 200k CAD condo in canada, paid $9000 cash and pays $1,500 roughly per month on mortgage

rawpadgin:
To buy a decent house in the state cost about 200 thousand dollars on the average.......

Thats about 70million naira..

Where this unknown Instagram comedian take make that amount?

Unless he is into drugs

philip0906:

Whatever...Na him get house

rawpadgin:
To buy a decent house in the state cost about 200 thousand dollars on the average.......

Thats about 70million naira..

Where this unknown Instagram comedian take make that amount?

Unless he is into drugs

Flier:
Ofcourse buying a house on mortgage is just like a death sentence
You go work till the return of Jesus Christ

martineverest:
mortgage

Lawrry:
Na wa o,people wey I never know

Baroba:


More like na bank get house..no keep up repayment then you go know who get house..kudos to him all the same..

bjbjbj:
Na mortgage na. Him fit used thirty years take pay for the house. Everything for aboard na on credit.

Ugosample:


that's not true

with a good credit score
And a few other factors right

getting a mortgage is VERY GOOD

Even those in Hollywood use mortgage even tho they can afford homes in cash

it frees up capital for other things

It's because Nigeria is a bastardised country for example

that is why the idea of mortgage may not go down with many there

Northeastern:

InvertedHammer you say what?

So I live in an apartment where I pay 1500 dollars for rent per month, and I can take a mortgage of 300,000 and pay the same 1500 on the mortgage per month. After 30 years, I'll own the 300,000 home while I'll end up with nothing renting the apartment.

Can you please explain why you said mortgage is never good?

dannywest:
They don't buy houses cash like us.

I know who owns a 200k CAD condo in canada, paid $9000 cash and pays $1,500 roughly per month on mortgage

Flier:
Dont try it if you like yourself.Otherwise you will live to regret it
There is no sense in paying debt for 20-30 years,I mean till you are in late 50s
Mind you,if you don’t work for 3-4 months the house is gone
If you can’t afford it cash, don’t buy it

richard870:
It's so easy to spot an educated fellow. Thumbs up man!

Delightikechi:

Instagram comedian, Aphrican Ace, has been marked the latest Nigerian entertainer to own a house in the US.

Aphrican Ace shared a photo of his new property, sharing it he recalled how he was mocked when he bought a Range Rover in a rented apartment 2 years ago.

He wrote;

Everything happens in due time! I remember when I bought this car 2 years ago, some people said it's dumb to buy a range rover when you live in an apartment...which makes sense to a certain extent, but NEVER judge someone's decisions if you don't know their options! Anyways, 2 years later, I can finally park this Range Rover in front of my own Home! To God Be The Glory!! Don't let social media people rush you with their perceptions of how YOU should live YOUR life!

Read More: https://www.dib.com.ng/2019/07/nigerian-comedian-aphrican-ace-buys-a-house-in-us.html

Oritsewhandey:

............
Foreclosed properties not up to that. Take note.

Yale9:
Thank you

Oritsewhandey:

............
Foreclosed properties not up to that. Take note.

Flier:
Smart guys don’t buy house abroad until they can afford it in cash

rawpadgin:
To buy a decent house in the state cost about 200 thousand dollars on the average.......

Thats about 70million naira..

Where this unknown Instagram comedian take make that amount?

Unless he is into drugs