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Keep Money In Banks & Become Poor Or Buy Lands & Get Rich - Properties - Nairaland

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Keep Money In Banks & Become Poor Or Buy Lands & Get Rich by Biafrarep(m): 11:17am On Dec 18, 2021
Except you're doing a business that requires cash flow turn over, keeping money in banks (in Nigeria) is the easiest and most assured way to become poor!

Times have changed from when people used to brag about their account balance. If you're keeping millions of naira in your bank account and you have no immediate use for it, then I'm sorry for you.

A million naira kept in the bank in December, 2020 is now worth less than about 600,000!

Now contrast that with a land bought at 1 million naira at that same time, I can assure you, it would be worth about 2 million naira now, depending on the area you bought it!

If ordinary tokunbo cars bought by Nigerians 3 years ago, can be sold at the same amount or even more after 3 years of driving it, due to inflationary pressure on the naira then imagine lands.

I feel so sorry for poor Nigerians because they've been caught up in a vicious circle of unending poverty. While they continue eating from hand to mouth those with disposable income continue to invest in assets that continue to compound its value. Due to this sad situation, anyone with disposable cash that continues to invest in lands will see his assets triple in within a few years while the poor continue to sink into deeper.
Re: Keep Money In Banks & Become Poor Or Buy Lands & Get Rich by Biafrarep(m): 11:28am On Dec 18, 2021
The best place to buy lands in Nigeria today are Lagos, Abuja, P.H and Owerri. These cities are known to give the highest returns on property investments. However, buying lands in Lagos and P.H can be very risky due to menace of omonile people or scammers. On the other hand, buying lands in Abuja can be extremely expensive and risky as well. If you decide to buy on the outskirts of the FCT, chances are that those places may remain shanties for many years to come either due to strict enforcement of urban planning or because of security reasons.

However, Owerri does not face such issues as listed above. This means it's the best place to invest in properties, especially for those that want fast appreciation.
Re: Keep Money In Banks & Become Poor Or Buy Lands & Get Rich by Biafrarep(m): 11:29am On Dec 18, 2021
For those interested in buying properties in Owerri, be it lands or buildings, you can always reach us at Galaxy properties LTD Owerri.

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