₦airaland Forum

And Egypt fundamentals are stronger in the short & Medium term.
And I know you think it's ANC that has caused this drop...
But ANC grew GDP from 140 to 410B btw 1994 to 2010 - quite impressive - near trippling in 15yrs.
Then South Africa hit the proverbial middle class trap.
Now you economy has serious structural and systemic bottlenecks that are not easy to resolve.
You guys need to study the Middle class trap of Latin America...you're right there.

https://www.cfr.org/blog/politics-latin-americas-middle-income-trap#:~:text=Many%20of%20Latin%20America's%20largest,economies%20in%20the%20near%20term.
Many of Latin America's largest economies are stuck in the so-called “middle-income trap,” with slowing productivity growth making it unlikely that they will catch up to the top global economies in the near term.16 May 2017

jl115:
Ok and? this is short term forecasts..........

rvp2018:
And Egypt fundamentals are stronger in the short & Medium term.
And I know you think it's ANC that has caused this drop...
But ANC grew GDP from 140 to 410B btw 1994 to 2010 - quite impressive - near trippling in 15yrs.
Then South Africa hit the proverbial middle class trap.
Now you economy has serious structural and systemic bottlenecks that are not easy to resolve.

what fundamentals bro name them!!

samorobo:
But surely not as incompetent as this zoo that keep stacking up debt instead of shutting this loss making venture.it’s makes no economic sense.

Here is some reality check...

https://cdn.punchng.com/wp-content/uploads/2020/03/28004642/Nigeria-Airways.jpg

rvp2018:
You dont make sense as always. More supply of housing would see drop in prices. Simple economic 101. The high prices indicate shortage of quality housing/accommodation/name it.

There's an over supply of housing in Accra and prices hasn't dropped

Accra has fallen into the Venice kind of tourist bubble which has led to astronomical rent prices....

Have you heard of Veblen goods in economics? That is what Accra real estate is.
Prices are constantly going up because of the huge demand, so more and more money is being pumped into it from all over Africa.

El sisi has fixed their structural and systemic issues - and there is political stability now.

Unlike South Africa who last made serious reforms in 1990s - Egypt has just about finished reforming it's economy and it's institutions.

Egypt had these issues "Large budget deficits, loose monetary policy, and a fixed exchange rate had resulted in a drastic reduction in foreign exchange reserves, high inflation, and unsustainably high levels of public debt. Growth had fallen and unemployment increased, especially among women and youth."

But now they have fixed them - and their economy is starting to fire on all cylinders.

They are targetting 6-7 percent growth rate - meaning you'll never see them GDP nominal wise - per capita - they are still below you
https://english.alarabiya.net/business/economy/2021/04/27/Egypt-announces-new-round-of-reform-plans-targets-GDP-growth-of-6-7-pct-

Meanwhile you're unable to reform almost anything - your parliament is just producing copious noises as Malema & ANC engage in war of words ad nauseum - and ZERO REFORMS on resolving land issues, immigration, ESKOM and education

jl115:
what fundamentals bro name them!!

Implausible that slum like houses and cheap hotels can be expensive if there was good supply.

Just30:
There's an over supply of housing in Accra and prices hasn't dropped

Accra has fallen into the Venice kind of tourist bubble which has led to astronomical rent prices....

Have you heard of Veblen goods in economics? That is what Accra real estate is.
Prices are constantly going up because of the huge demand, so more and more money is being pumped into it from all over Africa.

rvp2018:
Implausible that slum like houses and cheap hotels can be expensive if there was good supply.

so you want to argue a simple economic term like Veblen goods?


Accra has the second most expensive real estate market in the world and number in Africa.

The law of demand and supply do not come in, in the case of Veblen goods ....

Return to secondary school economics

gallivant:
Here is some reality check...

https://cdn.punchng.com/wp-content/uploads/2020/03/28004642/Nigeria-Airways.jpg

This reality checks better don’t you think?

The usual madness

A Veblen good is a good for which demand increases as the price increases. Veblen goods are typically high-quality goods that are made well, are exclusive, and are a status symbol. ... Examples of Veblen goods include designer jewelry, yachts, and luxury cars.

Just30:
so you want to argue a simple economic term like Veblen goods?


Accra has the second most expensive real estate market in the world and number in Africa.

The law of demand and supply do not come in, in the case of Veblen goods

rvp2018:
The usual madness

A Veblen good is a good for which demand increases as the price increases. Veblen goods are typically high-quality goods that are made well, are exclusive, and are a status symbol. ... Examples of Veblen goods include designer jewelry, yachts, and luxury cars.

so now you understand why Accra real estate keep getting expensive and demand keeps going up with astronomical pricing....

That's the Veblen goods effect

Don't be a lunatic this year and know how to comprehend simple things...

This is driving astronomical pricing all across West African cities

Just30:
There's an over supply of housing in Accra and prices hasn't dropped

Accra has fallen into the Venice kind of tourist bubble which has led to astronomical rent prices....

Have you heard of Veblen goods in economics? That is what Accra real estate is.
Prices are constantly going up because of the huge demand, so more and more money is being pumped into it from all over Africa.

Don't bring last year's stupidity here. High prices are caused by high demand and low supply. Accra is no Venice.

These are you mates - the have one common character - they are mostly based in West and Central Africa - and are not known for development.

Most expensive cities in Africa...
30 - Bangui, Central African Republic
38 - Brazzaville, Congo
49 - Yaoundé, Cameroon
56 - Dakar, Senegal
85 - Abuja, Nigeria
87 - Accra, Ghana
99 - Niamey, Niger

These kind of hell hole cities dont have sufficient supply of quality office, houses or hotels - because few people want to invest in a hell hole - so they remain undeveloped.

Just30:
so now you understand why Accra real estate keep getting expensive and demand keeps going up with astronomical pricing....

That's the Veblen goods effect

Don't be a lunatic this year and know how to comprehend simple things...

This is driving astronomical pricing all across West African cities

[s]

gallivant:
Don't bring last year's stupidity here. High prices are caused by high demand and low supply. Accra is no Venice.

[/s]

Have you heard of Veblen goods?
There's actually an over supply here


Anyway, Accra repeat it position for this year.

Is the possibility contracting cholera in Accra now considered a luxury? Your city need to attract investment in real estate after you have managed to build a modern sewage system.

Just30:
[s][/s]

Have you heard of Veblen goods?
There's actually an over supply here


Anyway, Accra repeat it position for this year.

rvp2018:
These are you mates - the have one common character - they are mostly based in West and Central Africa - and are not known for development.

30 - Bangui, Central African Republic
38 - Brazzaville, Congo
49 - Yaoundé, Cameroon
56 - Dakar, Senegal
85 - Abuja, Nigeria
87 - Accra, Ghana
99 - Niamey, Niger

not everything is a competition...Accra has an over supply of everything you mentioned

Facts remain facts

What's wrong with you ?

These are what Accra is mating with

Yeah you should overtake Syria - because you're a war zone. Clearly you're not Hong kong.

Just30:
not everything is a competition

Facts remain facts

What's wrong with you ?

These are what Accra is mating with

rvp2018:
Is the possibility contracting cholera in Accra now considered a luxury? Your city need to attract investment in real estate after you have managed to build a modern sewage system.

cholera was eliminated from here 5 years or so ago...

Hope your city gets to do that soon

We have different ambitions...

Nairobi drops from list of most expensive cities
8 Jul 2021 — Mercer, an American asset management firm, found that the city has actually improved 50 positions in 2021, after ranking 95th in the world last

Nairobi out of 100 most expensive cities for expats - MSNhttps://www.msn.com › africa › kenya › ar-AALwbhf
28 Jun 2021 — The Kenyan capital improved 47 places to become the world's 145th most expensive city this year, according to a Mercer Cost of Living report ..

Just30:
cholera was eliminated in from here 5 years or so ago...

Hope your city gets to do that soon

rvp2018:
Yeah you should overtake Syria - because you're a war zone. Clearly you're not Hong kong.

Syria is only there because it's a war zone with shortages and sanctions. If not, Accra will be number one ..

Tehran is also there because of sanctions ...
The rest are all there because of pure economic demand and wealth inflow

Yeah Ghana is a very wealthy slumpolis.

Madness as always.

Just30:
Syria is only there because it's a war zone with shortages and sanctions. If not, Accra will be number one ..

Tehran is also there because of sanctions ...
The rest are all there because of pure economic demand and wealth inflow

rvp2018:
We have different ambitions...

Nairobi drops from list of most expensive cities
8 Jul 2021 — Mercer, an American asset management firm, found that the city has actually improved 50 positions in 2021, after ranking 95th in the world last

Nairobi out of 100 most expensive cities for expats - MSNhttps://www.msn.com › africa › kenya › ar-AALwbhf
28 Jun 2021 — The Kenyan capital improved 47 places to become the world's 145th most expensive city this year, according to a Mercer Cost of Living report ..

good for you

Atleast your city is not attracting the kind of wealth inflow Accra is attracting..

rvp2018:
Yeah Ghana is a very wealthy slumpolis.

Madness as always.

rant on

Nairobi needs to develop from it slumpolis status and that requires huge investments..

Not every country has managed to make it cities slummy like Nairobi... You don't have to be going everywhere thinking that they are as slummy as Nairobi...

Not everything has to be a competition to the bottomless pit of Nairobi

rvp2018:
These are you mates - the have one common character - they are mostly based in West and Central Africa - and are not known for development.

Most expensive cities in Africa...
30 - Bangui, Central African Republic
38 - Brazzaville, Congo
49 - Yaoundé, Cameroon
56 - Dakar, Senegal
85 - Abuja, Nigeria
87 - Accra, Ghana
99 - Niamey, Niger

These kind of hell hole cities dont have sufficient supply of quality office, houses or hotels - because few people want to invest in a hell hole - so they remain undeveloped.

Pls don’t be stupid this year.Abuja has the think you listed above.

samorobo:
This reality checks better don’t you think?

KQ is operational, Zoo airlines is confined in history. That's the reality.

https://cdn.punchng.com/wp-content/uploads/2020/03/28004642/Nigeria-Airways.jpg

CSTRR:
The GDP of Kenya is $106 billion.

The GDP of Lagos State alone is $145billion.

Kenya has 55 million people, Lagos has 30 million people but with a much higher GDP.

Small yansh sef wan shake.

And no be say the yansh don see better food chop ooh. But e still wan shake. No be juju be that!

Just30:
[s][/s]

Have you heard of Veblen goods?
There's actually an over supply here


Anyway, Accra repeat it position for this year.

Bleep out here, you lack supply in everything infrastructure. Just look at Accra, do you even have enough office space for your government ministries? Simple economics dictate prices are determined by supply. End of story.

rvp2018:
Is the possibility contracting cholera in Accra now considered a luxury? Your city need to attract investment in real estate after you have managed to build a modern sewage system.

Lmao..

[s]

gallivant:
Bleep out here, you lack supply in everything infrastructure. Just look at Accra, do you even have enough office space for your government ministries? Simple economics dictate prices are determined by supply. End of story.

[/s]

Go and learn

We have more office space and pricing alone compel company to buy or build their own spaces than rent at some of the most expensive prices in the world. There are more than enough space for govt ministries such that we can create new ones today and they will have a space by tomorrow.


The demand for luxury is not determine by supply ... No matter how many is supplied, prices will still remain high.

Some cities just create a kind of status that determine pricing.

That's economics 101 go and learn

SUFFERInSMILIIN:
[s]As a farmer I do not use iPhone and I do not like iPhone because a lot of the apps are not on it my current phone is a medium entry range phone Samsung Galaxy Note 10 Lite. My previous phone was Samsung's Galaxy a71. I do not buy high-end phones but I buy mid-range phone because a lot of the time I drop my phone especially when I am on the farm. Instead of criticizing my pictures please my friend use your phone to take pictures of Lagos in Ted of relying on the internet at least you might find me a lot for actually going to the giant of Africa and taking pictures[/s]

Dem use lie swear 4 u.
Who bloody cares if u use nokia 3310

rvp2018:
You sound angry. Can you help us interpret this table.

wailing is allowed , any way, check out the update on Lagos light rail system(blue and red lines) , the rail system is integrated with BRT and ferry system and all are to be completed this year and when completed , it will be the most integrated transport system in Africa.

https://www.youtube.com/watch?v=zGWlFtc3jho

Update on Lagos redline city rail project , 2022 completion date is 100% certain
Pic 1 and 2 : Ikeja train station

Pic 2-3 : Yaba train station

Most integrated nonsensical crap.. tell us potential impact on reducing traffic in Lagos .which has world worst commute