₦airaland Forum

Adewale1603:
Is it only yahoo boys that can afford 2.5m house rent.

It's because we're way to poor in Africa.
That's why we used think that way

Pleas much is such in America and Europe?
$2.5m for 2-bed room? Or £3m?
You people will just open your mouth to talk rubbish

That wan better

In Lagos some Miniflats now go for 2.5M per annum, you'd begin to wonder

How much do we earn for such outrageous rental prices?

It's a terrible situation in Nigeria

femi4:
With 70k min wage..how many people can afford that. Definitely not for civil servants

A minimum wage personnel no supposed dey reason such houses.
But lets talk about the civil servant on GL9, how much is their salary, can a civil servant of GL9 rent such apartments comfortably without breaking sweat?

Adewale1603:
those houses are obviously for the elites that can afford it, those that live and can maintain expensive lifestyle without involving in crime or fraud and not for the average Nigerians and civil servants. So it ain't a justification for going to into crime or doing yahoo. It's not meant for yahoo.

What is this one even saying? The points are just flying over your head. In Nigeria today, how many people can afford to pay that 2.5 per annum from their legit business? Una go come online dey yarn dust. That amount is outrageous and must be discouraged as these are things that lead to hyperinflation and crimes. This is the area where I blame all these yahoo boys because even if a 20 million/annum pricetag is placed on an apartment, one werey with fraud money will surely pay for it and this is exactly what these evil and greedy landlords and agents are leveraging on; if you can’t pay another person will.

Kajaard:
Balderdash

A house is an investment for the landlord. It is a tangible asset that always appreciates in value and he can always sell the house anytime at a profit in figures greater than what he built the house with.

Landlords are not expected to recoup the cost of building their houses in 10 years from tenant rents. The rent gotten is an additional income he can be using for his monthly expenses and the intent is never to recoup it from rents over a 10 or 12 year period.

We get things so wrong in Nigeria

You helped me to type what I was going to say. Rent is not supposed to help landlords recoup their investments. Some people and their sense of reasoning though.

Kajaard:
Balderdash

A house is an investment for the landlord. It is a tangible asset that always appreciates in value and he can always sell the house anytime at a profit in figures greater than what he built the house with.

Landlords are not expected to recoup the cost of building their houses in 10 years from tenant rents. The rent gotten is an additional income he can be using for his monthly expenses and the intent is never to recoup it from rents over a 10 or 12 year period.

We get things so wrong in Nigeria

So where do they get it right elseware cos the last I checked it might even be worse in places like UK where you have buy- to- let properties where landlords buy and use rent to make mortgage payments, where venture capitalist such as blackrock is buying up all available properties ans driving rent to the high heavens.
Oga our landlords are even good compared to those abroad.

franchasng:
Don't blame the landlords (house owners) in Nigeria, blame the tax master President that foisted himself on Nigerians because of Buhari's inefficiency


To build a single storey building in Nigeria today requires a minimum of 110million Naira, this does not include cost of buying land.

Now tell me how you want a house owner to recover his investment if after using such exorbitant amount to erect an upstairs and he collects say 800,000 naira per year as rent? It may take him 50 years or more to recover the money he used to build the house?



Nigerians should direct their anger towards the zero performing owomida government of Tinubu.

Landlord also have his own living cost to bear, and the only way he can recoup is through his house for rent

Normally shouldn’t house investment be recovered in 30-50 years.

My apartment building the way the rent is calculated, it less that 5 years the landlord would recover his cost of building the house. Why?! Isn’t that greed?

At point I asked the also greedy caretaker why there are a hand full of Yahoo boys taking up flats: the foolish old man told me that they are one that can afford to pay . Like seriously why won’t Yahoo boys be the only ones to afford it when rent is outrageous

Adewale1603:
Is it only yahoo boys that can afford 2.5m house rent.

It's because we're way to poor in Africa.
That's why we used think that way

Judge it with the reality on ground and stop saying nonsense. How many people can pay that amount for rent in present day Nigeria?

Adewale1603:
Is it only yahoo boys that can afford 2.5m house rent.

It's because we're way to poor in Africa.
That's why we used think that way

2.5 million may not be money, but yes to over 80 percent of Nigeria population 2.5 million is s a huge amount for rent, base on Nigeria living conditions

franchasng:
Don't blame the landlords (house owners) in Nigeria, blame the tax master President that foisted himself on Nigerians because of Buhari's inefficiency


To build a single storey building in Nigeria today requires a minimum of 110million Naira, this does not include cost of buying land.

Now tell me how you want a house owner to recover his investment if after using such exorbitant amount to erect an upstairs and he collects say 800,000 naira per year as rent? It may take him 50 years or more to recover the money he used to build the house?


Nigerians should direct their anger towards the zero performing owomida government of Tinubu.

Landlord also have his own living cost to bear, and the only way he can recoup is through his house for rent

Person nor dey build house say e want recover e money.
If you want recover your money with interest,buy land nor develop am and resell.

He is the course and the LGA chairmen are wasting over N1b Naira monthly without good show for it. All of us ae waiting for Federal Government. Lagos has said no to it and Nasarawa has copied same and they are moving. My people are saying it is only Federal Government we know.

Kennyfancy:
Tinubu is the root cause of all this and he should be head responsible

[quote author=franchasng post=136963831]Don't blame the landlords (house owners) in Nigeria, blame the tax master President that foisted himself on Nigerians because of Buhari's inefficiency


To build a single storey building in Nigeria today requires a minimum of 110million Naira, this does not include cost of buying land.

Now tell me how you want a house owner to recover his investment if after using such exorbitant amount to erect an upstairs and he collects say 800,000 naira per year as rent? It may take him 50 years or more to recover the money he used to build the house?


Nigerians should direct their anger towards the zero performing owomida government of Tinubu.

Landlord also have his own living cost to bear, and the only way he can recoup is through his house for rent [/most of this houses are old structures, they are not new buildings. ]

ibechris:
Harsh,but I go survive.

Na the poor me I dey pity so...because I don't see away for them in the country now.

You are really trying ooooo

By Paying 2.5million naira yearly for house rent

Due to insecurity in South East, many of them are migration en masse to Asaba and it's environs.

House rent in Asaba is now thesame with Abuja that has better infrastructure.

House rent will continue to skyrocket except the Governor stop the mass migration.

[quote author= post=136965749]You are really trying ooooo

By Paying 2.5million naira yearly for house rent[/quote]My brother wetin person go for now? I just have to do everything to move into my own...

Rexymania:
Last last everyone will go back to his father's house. Which time asaba start to dey charge that kind of house rent? Which commercial hub dey Delta state? Are the comparing themselves to Lagos?

You dey mind them? The same extreme greed was part of what made those oil companies to flee Delta State. Charging "arm robber" rent as if it's every year that the landlord builds or renovates the house. Too outrageous!

2.5M rent in a country where 77k minimum wage has not been implemented. Anyways like the poster rightly said, Yahoo boys are the target, and the consequences for encouraging them will dawn on the society.

ibechris:
Na the same 2.5million I dey pay here in Abuja.

God help me to build my house.

Oga Ibe, you wey get house for every corner .

I'll rather pay 2.5M in Abuja where one has a chance to get various opportunities. I'll rather do that than for me to pay such in a dead town where only Yahoo-Yahoo, prostitution, drugs and scam thrives.

ibechris:
My brother wetin person go for now? I just have to do everything to move into my own...

MR BLOGGER, Is Sending His Greetings From Onitsha Town In Anambra State.

cityboylagos:
“You Put 2-Bedroom Flat for ₦2.5M and Say You Don’t Want Yahoo Boys” – Man Blasts Asaba Landlords


https://eyesoflagos.com/you-put-2-bedroom-flat-for-%e2%82%a62-5m-and-say-you-dont-want-yahoo-boys-man-blasts-asaba-landlords/

it’s cheap na.my friend rented 3.5m for 2 bedroom last week in Asaba.in Nigeria today,after Lagos and Abuja Asaba comes 3rd as the most expensive city in Nigeria.a plate of food in a fast food is 13k

franchasng:
Don't blame the landlords (house owners) in Nigeria, blame the tax master President that foisted himself on Nigerians because of Buhari's inefficiency


To build a single storey building in Nigeria today requires a minimum of 110million Naira, this does not include cost of buying land.

Now tell me how you want a house owner to recover his investment if after using such exorbitant amount to erect an upstairs and he collects say 800,000 naira per year as rent? It may take him 50 years or more to recover the money he used to build the house?


Nigerians should direct their anger towards the zero performing owomida government of Tinubu.

Landlord also have his own living cost to bear, and the only way he can recoup is through his house for rent

exactly,a 50/100 plot of land in that same Asaba goest for 40-90m in a liveable neighborhood.a bag of cement is at 10,200 in Asaba today.theres Nthg the landlords can do.blame the govt.

Saladdin:
Oga Ibe, you wey get house for every corner .

I'll rather pay 2.5M in Abuja where one has a chance to get various opportunities. I'll rather do that than for me to pay such in a dead town where only Yahoo-Yahoo, prostitution, drugs and scam thrives.

True.

franchasng:
Don't blame the landlords (house owners) in Nigeria, blame the tax master President that foisted himself on Nigerians because of Buhari's inefficiency


To build a single storey building in Nigeria today requires a minimum of 110million Naira, this does not include cost of buying land.

Now tell me how you want a house owner to recover his investment if after using such exorbitant amount to erect an upstairs and he collects say 800,000 naira per year as rent? It may take him 50 years or more to recover the money he used to build the house?


Nigerians should direct their anger towards the zero performing owomida government of Tinubu.

Landlord also have his own living cost to bear, and the only way he can recoup is through his house for rent

Don't let anyone or what you read online deceive you, building materials are not that outrageously expensive as they made you believe, visit market by yourself.

I saw one with caption, " Decent yahoo boy only".

JustPowerApps:
This is exactly a real problem in Nigeria lately. I was hunting for apartment earlier this year, I am a legit hustler and I can afford to pay for most of the buildings my agents showed me but I have one problem, most of the buildings are filled with Yahoo boys and I can't live with scammers.

Nigerians are extremely POOR people, they believe fraud is the only way they can afford good things just like the OP of this post.

2.5M apartment is not for fraudsters if you know what you are doing as a man

What are you saying sef?

Imagine....how do you mean N2.5m is not too much for a 2-bedroom apartment?

If you know what you are doing as a man indeed....

MrDoGood:
The government should better start regulating the prices rental prices. Even Agbor that's a village (if not for okowa), is also calling huge sum for rental. Tell me which company/work dey for Agbor?

Look at Benin City, apart from hotels and bar, which company or big office dey for Benin City? How many people dey work for NPDC? What's even the minimum wage? 😔

Government don't need to regulate anything, all they need to do is to build low cost pent houses for people. If not that those we called governors are stupid, 30 billion naira per annum invested in low cost mini flats would've totally solved housing problems in our urban areas within 20 years.

A 30 billion naira will build portable 6000 pieces of 1 bedroom apartment, Imaging adding 6000 houses together for 20 years, that gives us 120,000 houses. A 120k low cost houses within a state will significantly influence the cost of rent in that state.

The reality is that, Nigeria government at all level has absolutely no regard for the people they are rulling.

rapheal5:
I saw one with caption, " Decent yahoo boy only".

Tell me you are joking

Na lie joor

DECENT YAHOO BOY ONLY, lwkmd

Adewale1603:
those houses are obviously for the elites that can afford it, those that live and can maintain expensive lifestyle without involving in crime or fraud and not for the average Nigerians and civil servants. So it ain't a justification for going to into crime or doing yahoo. It's not meant for yahoo.

Lol 2 bedroom flat for elites. What's elite about a 2bed flat in asaba.
Na penthouse for ikoyi or na wetin
Most of you use English to end up sounding like olodo.
Rent in Nigeria currently does not reflect legitimate wages. Know that and know peace

JustPowerApps:
This is exactly a real problem in Nigeria lately. I was hunting for apartment earlier this year, I am a legit hustler and I can afford to pay for most of the buildings my agents showed me but I have one problem, most of the buildings are filled with Yahoo boys and I can't live with scammers.

Nigerians are extremely POOR people, they believe fraud is the only way they can afford good things just like the OP of this post.

2.5M apartment is not for fraudsters if you know what you are doing as a man

Did you ask yourself how much minimum wage is and the rate of unemployment in the country?. .

franchasng:
Don't blame the landlords (house owners) in Nigeria, blame the tax master President that foisted himself on Nigerians because of Buhari's inefficiency


To build a single storey building in Nigeria today requires a minimum of 110million Naira, this does not include cost of buying land.

Now tell me how you want a house owner to recover his investment if after using such exorbitant amount to erect an upstairs and he collects say 800,000 naira per year as rent? It may take him 50 years or more to recover the money he used to build the house?


Nigerians should direct their anger towards the zero performing owomida government of Tinubu.

Landlord also have his own living cost to bear, and the only way he can recoup is through his house for rent

Oga stop misjudging facts.
The reward for land is rent so its a fee you will collect for life even wen you die, your children n children's children will stil benefit from it.
Do you expect to invest in land or real estate n recover your funds within a year? Oga na small small.
2.5m or 3m for that setting is much n instead.of you to react to wetin the guy place.on air..you begin talk another things.


As i see u so eh.you go be wicked landlord ool

CoolAmbience:
What are you saying sef?

Imagine....how do you mean N2.5m is not too much for a 2-bedroom apartment?

If you know what you are doing as a man indeed....

No serious man should complain about less than $2k accommodation in a whole year. 2.5M is less than $2k

JustPowerApps:
2.5M apartment is not for fraudsters if you know what you are doing as a man

Person wey life dey favour go think say other people no serious.

Lagos landlords are even better with rent levels than so many states out of Lagos especially Southeast.

cityboylagos:
“You Put 2-Bedroom Flat for ₦2.5M and Say You Don’t Want Yahoo Boys” – Man Blasts Asaba Landlords


https://eyesoflagos.com/you-put-2-bedroom-flat-for-%e2%82%a62-5m-and-say-you-dont-want-yahoo-boys-man-blasts-asaba-landlords/