Nairalander248:


Lagos

wow... You're lucky

Nairalander248:
Mine is 1month on the spot.. Na Woman remain to marry�

Depends on how much ur rent is and the type of house you live in.

ednut1:
All these useless standards. Then you spend 4 hours in traffic, sleep deprived, slowly kill your mental and physical health etc. abeg make una rest

Obviously a Lagosian or Abj resident is typing. See, such analysis definitely wouldn't work for workers in these location. I feel ur plight.

Mercury12:
Lol its like working for landlord.
Some areas in abuja and Lagos residents can relate

The landlord is rendering you a service.

Why not live on the street for some days to correct this your mentality.

If landlords don't build houses, you won't even see anywhere to squat. Be grateful.

Allisgud:
use ur brain oga,and discus on the e.g I gave,we have about 10k people trooping from that region to v.i,ikoyi lekki vgc why because there is a better pay than those place u mention

You just keep arguing like a dunce. You are talking about VGC which is residential. You go school so?
The Island is the hub of financial services just like the Mainland is the hub of Manufacturing, Transportation, Tertiary Education, Sports and other sectors.
Markets are built around the financial sector to facilitate commerce. Logistics and transportation are domiciled on the Mainland.
Dangote is one of the highest employers of labour in Nigeria. His HQ is on the island but most of his staff work on the Mainland.
That is distribution of development.

opera1:
True. Or even 1 and ½ Month. Anything above this is just like working for the Landlord.

Hehehe, u're either being sarcastic or illogical.

post=118510984:
SECONDED


This makes sense too.

Easier said that done.

Dollyak:
This does not always work, especially when the rule is against net income

Of course, we're talking about net income.

jmichael259:


Check their suicide rates among men. It's called modern slavery for a reason.

You have nothing to say
What makes you think suicide rates are different among men FROM nIGERIA?

What do you know about suicide

When you talk think first

What is the housing supply in Nigeria compared to the UK or US

In the UK there is social security that houses people and pays their rent if they are unemployed

Stop talking ignorantly
Even those who are employed on low pay get financial support

we saw this during the Pandemic

what happened to oue own PALLIATIVES

Shurtman79:
I've been reading reading reading, please what about we the artisan?

U should know ur average income per month, that alone would give u d answer

alimiadedayo1:

is not everybody that will live in maraba nyaya side or gwagwala or zuba to the main town If you calculate the house rent, transport and food stuffs coming from these places I mentioned except maraba and nyaya which is close to town there is nothing to show fort ..it is just like you are working like a machine

Exactly.

mrkings84:
Abeg what's the current cigil servant pay again?
30k abi, so no civil servant should live in a house anove 60k per annum.

Most of them lives on loan until their retirement age, most especially d junior staff

Offpoint1:
Some use 7months of their salary for rent just to maintain status quo.

Slavery.

Lol!., most of this thread wey dey on code they encourage people to be employees for the rest of their life is damn irritating..dull logic if I must say, people may be willing to pay a little more just because of proximity, it may even be required for their career growth etc..the most important question is " are you getting value for what you paid for?"..as an employee I saved up some money resigned and rented a place with almost 70% of my savings then (three bedroom apartment) then adopted the India model, I used my palour and two rooms to start up my business I really struggled at first but the business stared growing and in six months time I had three staff and today the rest is history..my point is there is no formula that can guarantee things will work the way you expect, what if you lose that job?..all you have to do is to try and save the best way you can but if you are ambitious and you have a career ahead of you these benchmark will make your salaried income to be a bottleneck for growth!!

Why all these contraptions
Na by God's Grace we dey eat, sleep, pay rent, send child..ren go schu.... hold madam, escape creditors, catch debtors, cheat for work, pay offering.... And so on

MelesZanawi:


You just keep arguing like a dunce. You are talking about VGC which is residential. You go school so?
The Island is the hub of financial services just like the Mainland is the hub of Manufacturing, Transportation, Tertiary Education, Sports and other sectors.
Markets are built around the financial sector to facilitate commerce. Logistics and transportation are domiciled on the Mainland.
Dangote is one of the highest employers of labour in Nigeria. His HQ is on the island but most of his staff work on the Mainland.
That is distribution of development.

malu shebi the whole v.i na resident

Mercury12:
Lol its like working for landlord.
Some areas in abuja and Lagos residents can relate

Not sure what you mean by

WORKING FOR LANDLORD

Many people have this false mentality that there is a virtue in owning a house.

The reality is that owning a house is often an indulgence and when you do the actuarials(math) it is often cheaper to rent

If you build a house with 100 million and live in it you have tied the capital down and it is not generating income. That is the opportunity cost

You are better off renting and investing the money
It is old fashioned thinking to believe you must put money in property . Even if you must do so let it be commercial property not residential
Invest your 100 million in Nigerian Breweries or Guinness and rent you will be fine. Nigerians will never stop drinking and when they do they always pay unlike tenants

If you own a house and live in it you are still paying rent if you are a real businessman you would know that your rent is the opportunity cost rental income you could have made if you rented out that same house.
Imagine building a house with 5 rooms and living in it alone and deceiving yourself that you have invested

In other words you could own a house but not afford to live in THAT HOUSE


Anything that does not bring income is NOT an investment it is speculation

pman06:


I do tell my friends, if one month income can't pay for your rent, problem don dey already, you just don't know it yet.

Your opinion.

Allisgud:
Lagos state govt are making a mediocre development,they just select some side for development which is the highland,they should also focus on badagry expressway,agege,iyana ipaja axis,so investors,companies,banks,malls eateries,real estates will be running towards there,with this hold up will reduce,there will be job over there,which means if u leave in a affordable house,u will still pay less for transport if u have a job in ur area

Island.

Uniquekriss:
na self con be that na, except u dey work for big office

U should know he's still very single.

SmartyPants:


You people will just lift content from Twitter and other places and post here.

What is your goal?

Okay, let's even address the actual point: how did you arrive at the 20% figure?

As long as it's impactful, where it's taken from inconsequential.

dododawa1:
single room 84k annually is ok OR ordinary room/parlour 120k is ok.

though I dey manage my normal room/parlour for now. Just wanted to learn more thanks

CodeTemplar:
It is disheartening when a 10 years old house landlord increase rent like he just finished building it yesterday. I feel you OP.

with the excuse that the price of cement just increased

Come to Abuja and explain.

Oyindamolah:
Your annual rent shouldn't exceed your two months salary. If it does, you're in the wrong apartment.

Rinoxy:

As long as it's impactful, where it's taken from inconsequential.

But that was exactly my point. It was lifted without any clear rhyme or reason.

Why exactly should anyone listen to this person's opinion? No reasoning, just a blanket statement that the OP cannot justify because they merely lifted it from someone else.

pinkasso:
Lol!., most of this thread wey dey on code they encourage people to be employees for the rest of their life is damn irritating..dull logic if I must say, people may be willing to pay a little more just because of proximity, it may even be required for their career growth etc..the most important question is " are you getting value for what you paid for?"..as an employee I saved up some money resigned and rented a place with almost 70% of my savings then (three bedroom apartment) then adopted the India model, I used my palour and two rooms to start up my business I really struggled at first but the business stared growing and in six months time I had three staff and today the rest is history..my point is there is no formula that can guarantee things will work the way you expect, what if you lose that job?..all you have to do is to try and save the best way you can but if you are ambitious and you have a career ahead of you these benchmark will make your salaried income to be a bottleneck for growth!!

Reality

Most people will be employees for the rest of their lives

well over 80% of the population

No matter your ideals as an individual the reality of the population is what it is
Most people cannot be entrepreneurs unless we include those roasting Plantain and hawking oranges
Your biography is interesting but is not reality or realistic for most people

Nairalander248:
Mine is 1month on the spot.. Na Woman remain to marry�

ur own good. U go see ur wife soon

Dis naija wen rent high and little pay jobs
Make I mute first

Oyindamolah:
Your annual rent shouldn't exceed your two months salary. If it does, you're in the wrong apartment.

This was the rule of thumb bt it can no longer work or apply under hyper inflation circumstances.

Rubyjade:
Okay, salary 100k house 150k
Job location, Victoria Island.
House location, Sangotedo, Awoyaya.

Transportation 2k daily=52k

House at igbo efon, agungi, osapa, ilasan and chisco 250-300k
Transport N600 =15k

I don't know but please if you pass mathematics in school you can help

When you rent a house in an Expensive neighbourhood, you are not only paying expensive rent but also on amenities.

Higher cost of transportation In Abuja, no keke or okada, higher school fees, expensive hospitals, expensive restaurants etc.