₦airaland Forum

Amoto94:
Chelsea now intend to model themselves on Liverpool, who have managed to compete with Manchester City for Premier League titles by making signings specifically suited to their manager's footballing philosophy.

-
@NizaarKinsella

This sounds like good news. Make we dey watch.

Bombblacks:
Gun ownership has turned into a religion of sorts in parts of this country, to the point that people put their firearms on the same level of importance to themselves as the Bible and family members. A few years ago when I was in Catholic church, the priest had to request people stop bringing their guns to church. He said that it is a place of worship, to preach love and peace, not a place for weapons. Outlawing guns won't fix this problem though. Only changes in the culture will make less people want guns. Extremely strict laws will just drive the illegal gun market and create more problems, like Prohibition did.

It's not as hard as you make out.

Government only needs to reduce access to guns by 70% to make a big difference

First criminalise sale of guns to the public. That takes new supply out the market

Offer a buyback of guns at double market rate to the citizens for an amnesty period, at the end of which possession will be criminalised.

This demand and supply dynamic will drive the price of illegal guns through the roof so that only those with financial means (and thus a level of mental stability) will be able to get hands on them.

This should take 70% of guns off the market, and stop further guns getting into the hands of new psychos with mental illness yet to reach age of maturity.

Criminals would always have guns, they do the world over, however access to people with mental health issues is too easy and too cheap at the moment. Criminals are more discriminate with their use of guns, your average 16-25 year old going through an emo episode isn't.

nihilistjnr:
When we got to our destination, I paid 40k to one of security guys to do a gun salute for my guy. They sprayed up the place.

Tout!

EmmanuelScott1:
on Ekpa, I think the FG haven't yet petitioned on his extradition.

They must be joking. But nothing surprises me in Nigeria again.

I would continue to say that the gun is a tool of subjugation which European settlers used to chase Indians off their land.

They only needed guns because they came to steal.

The Europe they came from does not have this culture.

I can understand any gun advocate who only carries guns for fear of his fellow citizens also carrying guns. A nuclear arms race between citizens.

EmmanuelScott1:
when Nnamdi kanu was extradited to naija, they didn't believe it (they called it kidnapping), same way Ekpa will be here (it will look unreal to em) Nobody mess with the government, after God nah Government.

I don't even know where Kanu was hiding specifically, but as at the time Kanu was wanted, his group hadn't carried out any terroristic acts to make Britain or Israel give him up.

ESN violence should be enough to make Finland give Ekpa up quickly and easily if they are petitioned

raumdeuter:
See as dem quickly package Sunday Igboho for Cotonou before he starts his own madness

Na from clap, dance dey start.
It will start as against Herdsmen,
later secessionist rhetoric,
later full calling out of non indigenes,
later full calling out of indigenes perceived to be saboteurs,
Later saliva go dry for calling out they start small action,
police will crack down and they escalate it to full blown violence

We are still waiting for Igboho to disappear from Porto Novo prison

One reason I rate Tinubu is he created economic activity for miscreants with tax collection, NURTW etc. His blueprint has done well to quell security collapse from Thugs and miscreants. . . .thus far.

Havertz10:
but it does, if aggregate wage is 20k a year, and average home cost 50k, if that person took a mortgage, he would easily afford to pay for it annually, and still have enough to save and invest, amusingly this was America before they started fighting wars

in Russia, while the mortgage rates might be premium, houses are still affordable, but same can’t be said of America because of inflation

another angle I will give you is the principle angle, if the house is worth 500k and you need 10% as down payment, doesn’t inflation continually price out so many people, talk less the meddling being done by hedge funds because they are running out of investment vehicles

It’s this same America that rent moratorium was passed because people couldn’t pay rent and its prices were skyrocketing

Oga let's leave all that. Russia is a place with more land than people. A nigga in the Siberian tundra can put three sticks in the ground, throw bearskin over the top and call it home. Just like my people in the village can use hands to mould mud into a hut. What I tried to show you is that 17% interest rate is massively debilitating in any economy, so let's cry for that rather than USA or anyone under 5% which is actually my top expectation for monetary policy on the back of the pandemic.

Oasis007:
You and I know una matter don tire Buhari. Python dance.... dem cry. Crocodile smile..... dem wail.

Shey na Snake in the Monkey Shadow dem go appreciate?!

EmmanuelScott1:
Anything that doesn't have head, doesn't not walk, first get their head (Simon Ekpa), give him Nnamdi kanu's treatment. This whole shit will stop.

You mean Ekpa is in Finland and Nigerian Govt haven't requested his extradition? It looks too easy.

izzou:
[color=royalblue]The last time the people tried to disobey the Sit-at-home, you saw what happened.

He should put heavy bounties on the heads of the miscreants. People go betray their brothers for money.

Or better still, meet Wike for tutorials.

[/color]

Wike problem is not Soludo problem.

Ikwerre people are hostile to IPOB, they can only try that shit in Obigbo, and they won't get as much cover from the population, nor villages to run to after commiting in the City. Imagine an IPOB nigga running to a village in Eleme, Etche, Okrika or Ogoni after commiting in PH, nobody will cover for him.

Oasis007:
Absolutely yes..... and massive unrest will follow.

Even after all these?

If FG should hang Nnamdi Kanu, will there be an outcry in Igboland today after the activities of ESN?

Or will the only people to flip out be ESN themselves.

I always avoid people that use hateful and genocidal language and I couldn't believe so many sane Igbo brothers were supporting him after all the hateful and genocidal language he used about other peoples. Oh well, violence starts with the tongue, and here we are.

Roland17:
I swear! Helpless innocent kids....We have become a country of "Do Nothing" when it comes to this issues.

You have a good heart bro. You are always touched by other humans tragedies

donstan18:
Izzou: Reads and jumps out saying, all IPOB are igbos, but all Igbos are not IPOB.

Roland17:
Another disgraceful mass shooting (15 total deaths, kids are being treated for gunshot injuries at a level 1 children's hospital in neighboring San Antonio), this time an Elementary School in small town Uvalde TX! I swear I am done!

I know. The little ones are the most painful. That guy should burn in hell

raumdeuter:
School shooting

I don't see anything Congress can do, except Texas Congress

benalvino3:
I said election is coming so expect the mass shootings

MASS SHOOTING AT TX ELEMENTARY SCHOOL:

• Multiple children killed, per KSAT News
• Hospital “caring for several students”
• Scene remains active
• Suspect in custody

I guess the Dems paid someone to jeopardise their freedom? Sick fellow

Roland17:
SHAME ON CONGRESS!

SHAME ON ALL OF THEM!!!!

I AM BEYOND FRUSTRATED AT THIS POINT

What happened

Havertz10:
people with kids get lower mortgage rates, you can also get mortgages that will allow you to share a flat in Russia, so many differences

Overall Cost is the main thing, I don’t care what percentage difference you start with 1% or 89% if the price of property is relatively fair, you are getting a good deal, in America you can’t even get a decent house for less than 300k meanwhile in Russia you will get one for less than 100k

It doesn't matter if Russians buy house for $400k or $100k, the fact is that their percentage payments went up overnight from 7% to 20% (then 17%) meaning a massive change in their outgoings and standards of living, while Americans went from 0 to 0.5% which Fed said they will be increasing coming out of Covid.

The laws of compounding are the same everywhere.

Let's run a 30 year mortgage for an American with $400k mortgage on 0.5% Vs a Russian with $100k mortgage at 17% and see who will pay more. This is using each countries exact interest rate, ignoring bank profit.

Mathematics never lies.

Havertz10:
American mortgage system and the Russian system are very different, it’s telling that despite having higher rates than America, there are more homeless people in America, and sadly most have jobs but can’t afford a home

There is nothing different about mortgages from country to country Oga. Interest rate and compounding work the same from Timbuktu to Mars

The mortgage you will pay anywhere is your countries interest rate plus a few percentage profit for the bank.

So Russians will be paying 20% or thereabouts while Westerners will be paying 4% and below.

5% interest rates is the point at which Housing markets start to crash in the West. That's when homebuilders start selling their inventory at up to a 30% discount because they all factor in at least 30% margin when they build their houses, and they are the ones who cause Housing crashes because the average Joe Bloggs will never want to sell a house for less than he bought it. Highest he will live there or rent it out till market picks up again when interest rate goes down.

You are right that a 0.5% increase in interest rate can add say £100 to £200 to a monthly bill especially if it's a long-term mortgage. Any mortgage calculator will tell you that. That's the compounding effect of a large principle over many years. So spare a thought for the Russians on 20%, which is why the difference in monthly payments between the 3% American example I gave, and the 20% Russian example was nearly £6,000.

And finally, numbers tell everything. The moment we saw 17% interest rate in Russia, we knew the devastating effect on the economy. You can apply that same 17% to Business loans that drive economic activity. That's a devastating cost of Capital for any business, but it will take examples such as the mortgage example to really bring it home to you, while you are focussed on value of Ruble. In essence what that interest rate tells us is that companies will no longer engage in expansionary activities, people will no longer buy homes etc because there is no guarantee of return on that cost of borrowing.

OkpaNsukkaisBae:
4rm senator to house of reps a whole almighty SDM? yet he failed.



dude shld be take a role in nollywood....wit his exotic super cars he fit d role of rich village uncle grabbing his community land.


modified- he contested the pdp senatorial ticket.

Not forgetting he ran for Governor last election

Havertz10:
why am i sensing hostility what has Russia housing industry got to do with American interest rate dynamics, I expect so much better from you, you even suggested physical violence after stating that guy you make me laugh, last I checked there are more homeless people in America than Russia

If only 0.5% increase can trigger 3x increase in mortgages, that isn’t a good sign at all

lol.

I'm sure you don't know how mortgages work, which is why I told you to stick to what you've experienced and stop trying to put yourself in the shoes of what you read.

How can a 0.5% increase in interest rate lead to 3x on mortgages.

A bank will charge you the countries interest rate plus 1 or 2%. The additional 1 or 2% is the banks profit. So you borrow from bank, bank borrows the same money from CBN and passes on a 1 or 2% uplift.

You can enter mortgage calculator into Google. Let's say US interest rate is 0.5%, the bank will give you circa 3% mortgage which includes their own profit. 1st pic shows you will pay £665k over 20 years to satisfy a £500k mortgage in USA.

If I'm a Russian looking for the same mortgage, I will pay around 20% interest (17% Russia interest rate plus 3% profit for the bank). Same exact deal in Russia and I will pay over £2m to buy the same house over the life of the mortgage as the 2nd picture shows. Monthly payments of £2.7k in USA now become £8.4k in Russia.

Russian houses matter! I will leave you to imagine the impact on their Housing market. But no, na USA 0.5% interest rate concern you pass, not Russia 17% interest rate

I challenge you to pull up any stats on Russian housing market since the war. They have stopped publishing economic indices entirely. A proud person usually hides when they are hurting badly. That's Russia. But because US is open and democratic with a free media that will discuss every small change in data openly, you have a wrong sense of proportionality.

benalvino3:
and begging others to pollute the climate instead of you doing the pollution your self because the result is the same regardless of who is polluting

I agree with this. I see no sense in blocking your own oil production because someone else will just fill the gap. However that doesn't mean Dems are blocking anything. Obama signed into law shale exploration and fracking and that is what led to the shale revolution and a boom in US production.

basilico:
Ibime. Are you stupid. He wants to import oil from Venezuela. He has asked OPEC to increase output . Saudi prince refused to pick his telco
On his first day in office he stopped the Keystone XL pipeline which was pumping in oil from Canada.
He blocked lease explorations too.
Under Trump America was a net energy exporter. Under Biden America is a net energy importer

Mumu, the Venezuela and OPEC is for Europe. The 1m barrels per day from strategic reserves is to control the price and also give Europe assurance so they can be bolder in their approach to Russia.

I'm sure Budaatum has already schooled you on how oil wells are closed depending on whether the price makes a well profitable or not. Oil dropped to negative price during the pandemic (you had to pay wholesalers to store oil) and a lot of wells got taken out of rotation. That's why oil production dropped, but they are ramping back up. Keep shouting Trump. First pic is oil price, 2nd pic is US production output

benalvino3:
and that does not change what i said. he is a fool and if you don't think he is a fool then i feel for you.
the Reserves is for emmergencies. War, Natural Disaster.
Biden stopped production of oil so to fight climate Change then went on to Use Oil reserve

Why cut the production of oil only to resort to the reserves. Na you be fool for not seeing how stupid biden is.

You should have raised this at the time of the announcement of using strategic reserves but you were obviously not following events. Stay up to date and stop commenting like a JJC.

I take your point about climate change though, but if you were up to speed, you would have raised this over a month ago, not criticising anything you see as and when it appears to you. If using the reserves was stupid, your people would have raised hell about it.

benalvino3:
Biden is slowly destroying the nation

the United States announces sales of 40.1 million barrels of crude oil from the Strategic Petroleum Reserve.

Not even half is tenor yet

I guess you were under a rock when he announced over a month ago that he will release 100m barrels - 1m a day to help cushion the price of crude, from the stock of 1bln barrels. To be foolish is one thing, to be foolish and not know it is another. The strategic reserve is for times of war like this.

raumdeuter:
I am sure somewhere inside his cabinet he is seeing the mega clusterfuck the war has turned out into and they should give him something to save face. He might also be dealing with some hardliners in the Kremlin who would be pushing him to die there for National pride and stuff

And it might be better to have a known madman like Putin than another unhinged person we don't even know about

Russia cannot fight forever nor can sustain this for ever they need a way out

I don't think he's that mad. If he was he would have flattened Kyiv with non-nuclear missiles, civilians and all, and not care about the international condemnation. Baba still wants Russia to play in the International markets. And I don't think there are many hardliners that will make it worse either, except a very selfish person only interested in their pocket who doesn't care about the economic fate of the country. Most of those guys will want their money, properties and freedom of travel back.

raumdeuter:
ibime what do you think about this from Henry Kissinger. I dont support Ukraine giving up land but I also support the West not humiliating Putin



https://www.msn.com/en-us/news/world/kissinger-says-ukraine-must-give-up-land-to-russia-warns-west-not-to-seek-to-humiliate-putin-with-defeat/ar-AAXEsjW?ocid=msedgntp&cvid=62ed23aa6f7743338919062b4a537689

They have to give him an out that he can sell to his people in order to exit the war eg. Guaranteed non-NATO status for Ukraine while giving Ukraine EU membership, maybe even a referendum on Crimea or even Donetsk. It's a fact he won't leave till he has something to save face. At the same time, he is also ready to end it if given an out, he has been practically asking for one in not so many words. See how he quickly accepted Finland and Sweden joining NATO. First he needs to prepare his people's mind on those outcomes being a victory for Russia.

raumdeuter:
This is the city they said wasnt struggling to make top 4 before Pep

City were neck and neck at the top of the table when Pep signing was announced in January. After that Pellegrini went to the beach and so did his players

Havertz10:
People can no longer afford to buy houses and these aren’t even direct purchases but mortgages

How many basis point increase in interest rate caused this again? Imagine if they truly went after inflation and increased it to 20%


For those that don’t get, a basis point is less than a percent, for some context American central bank recently increased interest rates to 50 basis point, what it really means is 0.5% and people can’t afford 30 year mortgages and remember that this was done to fight inflation that is pushing 21%, they have given up on fighting inflation, they wouldn’t admit it but only a fool will believe that inflation in America will ever return to less than 5%

Yet ibime is telling us that they can buy their way out of the tsunami of hyperinflation that is on its way

Sales of new homes and cancellations rates are rising simply because of 0.5% increase in interest rates

Oga worry about price of bread, not what you read and haven't experienced. We have been in zero interest rate for 2 years since Covid and seen 30% plus capital appreciation in that time. It's normal for people to buy at zero percent and cool down with interest rate rise. That's how the housing market and every other market moves. Covid is why we dropped interest rate to zero, and now Covid is gone, we will be going back up toward 3% which is normal course of business. House prices may also fall slightly or stagnate as usually happens when interest rates go up. You are worried about US interest rate at 0.5%, not Russias at 17%. I guess Russians don't need houses. You need a good slap.

A builder just left my house now after giving me quote on this extension, while you are typing about housing market. Worry about Putin blocking wheat and impact on Agege bread.

raumdeuter:
My man Larride
What course and certification person fit take to be delegate.
I dey reason relocate to Naija to become election delegate
Any advice will be appreciated

From next week, add Sir before you quote larride name please