₦airaland Forum

To be honest I’ve thought about this and it makes no single sense. Is Lagos state particularly the island a den of scam and money laundering? Because how is 2 bed flat going for 6-8 million naira for rent alone in places like osapa London where flood is your neighbor. And to think that minimum wage is 77k. Wait do Lagos people pay different money? Cause I’m in Lagos now and I’ve checked, I’m yet to see a company in Lagos that pays workers 1million a month for it to be enough to offset housing for a year. Even though the highest money I’ve seen is 500k that’s if you’re a super experienced person in the tech world.

So why is housing so expensive and why is the government just allowing people to increase rent without doing with what the states or that area pays?

Even people working in VI don’t earn upto 500k per month talk more of 1million. Yet house is extremely out of their reach. What going on?

In New York housing is expensive but once you get a job, it offsets it perfectly, this is not the case in Lagos island. The chances for you to get a job of 1mil a month to offset 6mil 2bed is almost not possible

TheOldGods:
To be honest I’ve thought about this and it makes no single sense. Is Lagos state particularly the island a den of scam and money laundering? Because how is 2 bed flat going for 6-8 million naira for rent alone in places like osapa London where flood is your neighbor. And to think that minimum wage is 77k. Wait do Lagos people pay different money? Cause I’m in Lagos now and I’ve checked, I’m yet to see a company in Lagos that pays workers 1million a month for it to be enough to offset housing for a year. Even though the highest money I’ve seen is 500k that’s if you’re a super experienced person in the tech world.

So why is housing so expensive and why is the government just allowing people to increase rent without doing with what the states or that area pays?

Even people working in VI don’t earn upto 500k per month talk more of 1million. Yet house is extremely out of their reach. What going on?

In New York housing is expensive but once you get a job, it offsets it perfectly, this is not the case in Lagos island. The chances for you to get a job of 1mil a month to offset 6mil 2bed is almost not possible

Look well my brother... there are many companies in lagos that pays more than 1m monthly.
Asides salary, Lagos is a thriving hub for businesses. Not to mention E-commerce orientation that makes online market thrive in the city. A food vendor running the business from home can make good sales more than one with an outlet cos of this.

dawnomike:
Look well my brother... there are many companies in lagos that pays more than 1m monthly.

which companies and which one are you working with. Cause I need to really understand the situation that is warranting this high rent

You have to be a corporate bandit to live there ...

You're right.

Most popular occupations are drug barons,gay hookup,yahoozee,otokoto and evans people.

LordBiden:
You're right.

Most popular occupations are drug barons,gay hookup,yahoozee,otokoto and evans people.

cause bro I’m trying to understand the situation. I have a friend who is a nurse working in VI and her salary is 150k. This is a high demand job. How 150k can afford selfcon flat of 3m per year. I mean a single room for 3million. Who does that?

The population and demand for housing is very high here.

Them no force you stay there. Pack out if it's too expensive

TheOldGods:
To be honest I’ve thought about this and it makes no single sense. Is Lagos state particularly the island a den of scam and money laundering? Because how is 2 bed flat going for 6-8 million naira for rent alone in places like osapa London where flood is your neighbor. And to think that minimum wage is 77k. Wait do Lagos people pay different money? Cause I’m in Lagos now and I’ve checked, I’m yet to see a company in Lagos that pays workers 1million a month for it to be enough to offset housing for a year. Even though the highest money I’ve seen is 500k that’s if you’re a super experienced person in the tech world.

So why is housing so expensive and why is the government just allowing people to increase rent without doing with what the states or that area pays?

Even people working in VI don’t earn upto 500k per month talk more of 1million. Yet house is extremely out of their reach. What going on?

In New York housing is expensive but once you get a job, it offsets it perfectly, this is not the case in Lagos island. The chances for you to get a job of 1mil a month to offset 6mil 2bed is almost not possible

how you know say no company dey pay their workers up to 1m?

What type of a baseless assumption is this for Christ’s sake?

😨