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Yankee: through the eyes of a village boy. - Travel (22) - Nairaland

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Re: Yankee: through the eyes of a village boy. by FrankNetter(m): 4:57pm On Jan 12, 2017
Right now, I'm at the library trying to be useful to myself.

You guys can continue with your arguments.

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Re: Yankee: through the eyes of a village boy. by Nobody: 5:12pm On Jan 12, 2017
which library is that @op?
Re: Yankee: through the eyes of a village boy. by lionlee216(m): 5:31pm On Jan 12, 2017
This is getting interesting
Re: Yankee: through the eyes of a village boy. by FrankNetter(m): 5:33pm On Jan 12, 2017
sirRiddy:
which library is that @op?

10 Likes

Re: Yankee: through the eyes of a village boy. by Nobody: 5:52pm On Jan 12, 2017
^^^
It's a nice-looking public library. I don't think the one here looks as nice.
Re: Yankee: through the eyes of a village boy. by FrankNetter(m): 6:04pm On Jan 12, 2017
CFCman:
^^^
It's a nice-looking public library. I don't think the one here looks as nice.


Very nice bro. I initially went to this one, but they hadn't opened. They're both close to my house though.

6 Likes

Re: Yankee: through the eyes of a village boy. by FrankNetter(m): 6:53pm On Jan 12, 2017
lolawilliams:


Thank you! There are alot of good ppl in Nigeria but what is happening in Nigeria is a justice problem, Nothing works in Nigeria. The citizen can protest and do all sort of thing, Not until there's a justice system,every effort is invain. Some monikers here just sentimentalize and won't talk about the bad aspect.

A country that pays Trey songz, Chris brown, Kim kardashian thousand of dollars for a concert but won't come together and provide free education for the young ones. Nigeria has one of the fastest growing population in the world but has no plans for the next generation

Now if i'm asked why i left ,let's assume there are 170M ppl in Nigeria. and 20M travelled to seek greener pastures abroad. Why don't the 150M make a change, My presence shouldn't make big change, i don't have to be the 150,000,001 to make any change happen. But noo, it wont; even if there are 500M ppl there, if there's no justice system, there wont be a change.

If there's anything i regret, I regret not moving early to the US.


This, right here, is the gospel truth. Succinctly put.

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Re: Yankee: through the eyes of a village boy. by InvertedHammer: 7:56pm On Jan 12, 2017
signature2012:


How wish Nigerian govt can allow or give same chance to her citizens without "man no man" or favouritism to lease a house and after 30 years it will be finally theirs.
To butress my point,my former landlord is an igbo man,i wont use the word LEASE but bought the house in the year 1998,a 2 story building,he and his family make use of the 2nd floor while he rented out the 1st floor and the basement,the money he makes monthly is double the amount he pays for his monthly mortgage payment.Is that not a good way of having a home and also call it investment?

Back to naija,looking at the country the way it is,what is the % of citizens who have this privilege?
/
I guess it depends on individual goals.

After many years, US becomes stagnant. As an investor, you decide to spread your wings.

If you see folks that have been in US upwards of 30 years, watch them...their lives are like revolving doors.

\

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Re: Yankee: through the eyes of a village boy. by Bossman(m): 7:56pm On Jan 12, 2017
The skills that can help land a job with good pay are Computer programming, any of the engineering fields (civil, electrical, etc), Medical Doctor, Nurse, etc. As an IT consultant (Application developer/programmer), I can certainly tell you that even a fresher with only 2 years out of college can command upwards of $60/hr, depending on experience. Everything is getting automated, so you can't go wrong with programming and any of the fields above. BTW, I have been doing this for a very long time.

Not saying the other fields are not ok, but these ones will land you a job quickly.

PS. The certifications, computer programming degree, etc. should be done after arriving. Anything computer related from Nigeria will not hold any weight here at all. We do serious coding/programming in the schools here.

Successjoy:

what skills thrive there for a lady?

Do you think learning here in Nigeria and getting certificate before coming over is okay or get there and learn?

How do you get certified over there?

Am awaiting your reply please. Thanks

14 Likes 2 Shares

Re: Yankee: through the eyes of a village boy. by maternal: 8:24pm On Jan 12, 2017
InvertedHammer:

/
Not funny...but just had to laugh.
None of your friends bought a house.
They leased a house that will be theirs in 30 years.
In other words, they signed into servitude.
A man that builds a house in Ajegunle to call his own is better than ten of your friends put together.
But then, you bought into the illusion.

...just saying. But I understand your point.
\

Likewise, I had to laugh too. My "lease" was for 25 years and with accelerated payments it'll be 20. But what's even more funny is that the house I bought for 260k is now worth 340k in the 7 years I've owned it. Yes, the house I am "leasing" has flipped me a profit of 80k dollars in those few years. And you know what's funny, I know people (my mother) who are taking these "lease" loans, buying house in naija, and making the poor soles down there pay them rent. In short goes to paying the bank back with interest, while full right ownership goes towards my mother. My guy almost everyone pays these "leased payments", unless you're Dangote, except mine goes towards full right ownership with each payment. Whereas a common man in naija go pay rent till he dies. I'm not interested in the few in naija who can afford home ownership, I'm talking about the masses. If I have to pay rent I might as well be paying into a "lease" which goes towards me owning it outright within x amount of years, than throwing money away. Make sense ?


A man that builds a house in AJ city can call his shack his own all he wants. I'd rather pay the 20 years and have a house with constant electricity, running water, good workmanship, solid foundation, etc. To me that's better than calling a shack built beside raw sewage in a 3rd world country my own. Besides with one pay cheque I can come and buy it outright from him. Is that suppose to be impressive ? But you're ignorant on how credit works, and how you can use it for your best interest, build the middle class, and to accumulate assets which turns into wealth down the line (See my leased house which is now worth 80k more).

Just saying... But I understand your point.

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Re: Yankee: through the eyes of a village boy. by maternal: 8:32pm On Jan 12, 2017
signature2012:


How wish Nigerian govt can allow or give same chance to her citizens without "man no man" or favouritism to lease a house and after 30 years it will be finally theirs.
To butress my point,my former landlord is an igbo man,i wont use the word LEASE but bought the house in the year 1998,a 2 story building,he and his family make use of the 2nd floor while he rented out the 1st floor and the basement,the money he makes monthly is double the amount he pays for his monthly mortgage payment.Is that not a good way of having a home and also call it investment?

Back to naija,looking at the country the way it is,what is the % of citizens who have this privilege?

The ignorance Africans have when it comes to credit is pathetic. Well said. I work in the oilfields with other igbos. I know some who used credit and bought several condos. There monthly payments are 700 dollars per month for each unit (The man owns 3), but charges and gets 1300 per month. That's a 600 dollar profit each month per unit. Times that by 3, that's 1800 dollars per month for doing absolutely nothing. He now takes that 1800 and pays 1500 dollars per month towards his own house which his family lives in. That leaves him with 300 dollars to pay the utilities and property tax. So he's paying nothing per month for 3 condo units and his house. Now to mention those property must have appreciated in value significantly all those years.

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Re: Yankee: through the eyes of a village boy. by signature2012(m): 8:39pm On Jan 12, 2017
maternal:


The ignorance Africans have when it comes to credit is pathetic. Well said. I work in the oilfields with other igbos. I know some who used credit and bought several condos. There monthly payments are 700 dollars per month for each unit (The man owns 3), but charges and gets 1300 per month. That's a 600 dollar profit each month per unit. Times that by 3, that's 1800 dollars per month for doing absolutely nothing. He now takes that 1800 and pays 1500 dollars per month towards his own house which his family lives in. That leaves him with 300 dollars to pay the utilities and property tax. So he's paying nothing per month for 3 condo units and his house. Now to mention those property must have appreciated in value significantly all those years.

Don't mind them,some people just come here to talk just cause here is a forum,many are so ignorant.
This igbo man I was talking about is a cab driver o,not even in any professional field.

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Re: Yankee: through the eyes of a village boy. by Ugosample(m): 8:43pm On Jan 12, 2017
maternal:


The ignorance Africans have when it comes to credit is pathetic. Well said. I work in the oilfields with other igbos. I know some who used credit and bought several condos. There monthly payments are 700 dollars per month for each unit (The man owns 3), but charges and gets 1300 per month. That's a 600 dollar profit each month per unit. Times that by 3, that's 1800 dollars per month for doing absolutely nothing. He now takes that 1800 and pays 1500 dollars per month towards his own house which his family lives in. That leaves him with 300 dollars to pay the utilities and property tax. So he's paying nothing per month for 3 condo units and his house. Now to mention those property must have appreciated in value significantly all those years.


You sabi jare...
Some of the comments are just hilarious

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Re: Yankee: through the eyes of a village boy. by ShokiScientist: 9:08pm On Jan 12, 2017
DeepFriedPuff:
MOST People Will Not Go.

1 u op and the others on this thread who literally run from 9ja are not Most 9ja people undecided
The entire country of 9ja can not pick up and move so improvement is the only answer.


So vote better politicians in . vote for a better President
Or run like u want grin because that's really all u want, Not opportunities.

But don't bad mouth 9ja and her resources when ya go undecided
You're making noise aunty.

4 Likes

Re: Yankee: through the eyes of a village boy. by lagosrd: 9:45pm On Jan 12, 2017
maternal:


LOL I haven't laugh like this in years. Na def of Yankee I go give. My cousin is the same way but I'll be sponsoring him out of there soon.

Only if more of your type are gotten in most families. Maybe the poverty level in most families might have been reduced. You seems to have interest in other people excelling and prospering. Let me confess am already falling in love to how you are sponsoring your cousin and family member to give them a better life than sending them money. May God bless you. Most people here have one person or the other abroad who are just too selfish or greedy to assist others, I mean their own people out of this Bermuda triangle called nigeria.

12 Likes

Re: Yankee: through the eyes of a village boy. by Teddywhiz1: 9:54pm On Jan 12, 2017
Pidgin2:


Your posts are so uplifting, thanks again. They voted wrongly, based on sentiments and tribalism, now they blame my beloved country for their woes. And their only solution is to encourage 170 million people to leave the country and seek greener pastures in America, how reasonable is this suggestion to any right thinking person? Cheers.
You are very silly and your type of also a problem to Nigeria... Why complain about migration? Indians, Britons and even Americans also do leave their countries in search of greener pasture! Honestly there is no point in ur argument are you trying to discourage migration or something?
If you are so in love with Nigeria and your passion is to make it right then come down and do something.. Ranting on nairaland is now the solution.... I believe everyone should work with passion some people have passion to migrate then leave them and don't criticize their choice

Shalom!

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Re: Yankee: through the eyes of a village boy. by FrankNetter(m): 11:01pm On Jan 12, 2017
Teddywhiz1:
You are very silly and your type of also a problem to Nigeria... Why complain about migration? Indians, Britons and even Americans also do leave their countries in search of greener pasture! Honestly there is no point in ur argument are you trying to discourage migration or something?
If you are so in love with Nigeria and your passion is to make it right then come down and do something.. Ranting on nairaland is now the solution.... I believe everyone should work with passion some people have passion to migrate then leave them and don't criticize their choice

Shalom!

You get time sha. Haven't you noticed how everyone is ignoring her? Her bitterness is so so palpable. Dude, ignore her and her alternate monikers. She's not worth you (or anyone's) time.

6 Likes

Re: Yankee: through the eyes of a village boy. by davinchecodes(m): 11:09pm On Jan 12, 2017
lolawilliams:

I don't pay no mind to no sneak diss smiley
But your argument are specious and constant
She's not even a nigerian
Re: Yankee: through the eyes of a village boy. by progress69: 11:18pm On Jan 12, 2017
InvertedHammer:

/
Not funny...but just had to laugh.
None of your friends bought a house.
They leased a house that will be theirs in 30 years.
In other words, they signed into servitude.
A man that builds a house in Ajegunle to call his own is better than ten of your friends put together.
But then, you bought into the illusion.

...just saying. But I understand your point.
\

This submission is not only sick, it is also a grossly ignorant one.
What will be the worth of the Ajegunle house in 30 years compared to the worth of a house owned in Canada or US in 30 years.
You compare someone in Ajegunle probably collects less than $400 a year for rent (3 bed room apartment) to someone who already is sure of a house in Canada or US as soon as he completes payment of is mortgage. $400 that People make in less than a week is what Ajengunle landlord collects in A year. That is even because they are doing odd jobs. U people are funny. By the time they complete their payments, what will be the worth of the house compared to Ajegunle Landlord's house. Most of u Saying thrash are bitter, probably believe u will never travel out, or lack funds to finance. Cos some submissions are actually silly. A mortgaged house uis technically yours already so what's your point. Even Lagos state government started this arrangements u are mocking under Fashola with the Lagos state housing scheme. Stay there and keep hating and saying thrash. Smh
Make i buy buy 2016 G-wagon on Mortgage, make u con tell me say cos pay for a tokunbo spider or evil spirit once u better pass me, if i nor go use my G-wagon climb your motto comot. Iranu!!!!
Even if Ajengule Landlord sell en house, how many years mortgage e fit pay for the people u dey mock? U better make your points without silly comparisons or comments.
U don't even know thr difference between lease and mortgage

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Re: Yankee: through the eyes of a village boy. by guiddoti: 11:48pm On Jan 12, 2017
Lol funny comments.

No one who leaves this country will ever love these politicians for accumulating common shares to only their families.

oga madam, if you have ever enjoyed 24 *7 electricity supply, coming home will be worrisome ooo. is it internet access that MTN and Co can't make unlimited broad band for people at cheaper rate? God heal the system.

I wonder if our communities can't have public libraries as well. Abi oyinbo get double fixed head ni.

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Re: Yankee: through the eyes of a village boy. by progress69: 11:55pm On Jan 12, 2017
guiddoti:
Lol funny comments.

No one who leaves this country will ever love these politicians for accumulating common shares to only their families.

oga madam, if you have ever enjoyed 24 *7 electricity supply, coming home will worrisome ooo. is it internet access that MTN and Co can't make unlimited broad band for people at cheaper rate? God heal the system.

I wonder if our communities can't have public libraries as well. Abi oyinbo get double fixed head ni.

Most of those hating and saying thrash honestly wish to vamooze. For instance that clown PIGgin or whatever, i mean the she male that keeps hating but follows this thread like his life depends on it.
Their problem is they feel they can't have the opportunity, maybe funds or something. They will be here hating and they don't even have Nigerian passport, but they are always in the travel section.

People think he is a female. But he has more than one moniker. He uses in talking to himself

Madness!

20 Likes

Re: Yankee: through the eyes of a village boy. by Teddywhiz1: 12:13am On Jan 13, 2017
FrankNetter:


You get time sha. Haven't you noticed how everyone is ignoring her? Her bitterness is so so palpable. Dude, ignore her and her alternate monikers. She's not worth you (or anyone's) time.
You are right bro...... I just wonder what people gain having like 7 accounts on nairaland, they start up arguments and start using their different monikers to support their motion NA wa o undecided

10 Likes

Re: Yankee: through the eyes of a village boy. by Teddywhiz1: 12:17am On Jan 13, 2017
progress69:


This submission is not only sick, it is also a grossly ignorant one.
What will be the worth of the Ajegunle house in 30 years compared to the worth of a house owned in Canada or US in 30 years.
You compare someone in Ajegunle probably collects less than $400 a year for rent (3 bed room apartment) to someone who already is sure of a house in Canada or US as soon as he completes payment of is mortgage. $400 that People make in less than a week is what Ajengunle landlord collects in A year. That is even because they are doing odd jobs. U people are funny. By the time they complete their payments, what will be the worth of the house compared to Ajegunle Landlord's house. Most of u Saying thrash are bitter, probably believe u will never travel out, or lack funds to finance. Cos some submissions are actually silly. A mortgaged house uis technically yours already so what's your point. Even Lagos state government started this arrangements u are mocking under Fashola with the Lagos state housing scheme. Stay there and keep hating and saying thrash. Smh
Make i buy buy 2016 G-wagon on Mortgage, make u con tell me say cos pay for a tokunbo spider or evil spirit once u better pass me, if i nor go use my G-wagon climb your motto comot. Iranu!!!!
Even if Ajengule Landlord sell en house, how many years mortgage e fit pay for the people u dey mock? U better make your points without silly comparisons or comments.
U don't even know thr difference between lease and mortgage
Gbam! You just enter my mind Thief my thoughts

2 Likes

Re: Yankee: through the eyes of a village boy. by InvertedHammer: 12:55am On Jan 13, 2017
maternal:


Likewise, I had to laugh too. My "lease" was for 25 years and with accelerated payments it'll be 20. But what's even more funny is that the house I bought for 260k is now worth 340k in the 7 years I've owned it. Yes, the house I am "leasing" has flipped me a profit of 80k dollars in those few years. And you know what's funny, I know people (my mother) who are taking these "lease" loans, buying house in naija, and making the poor soles down there pay them rent. In short goes to paying the bank back with interest, while full right ownership goes towards my mother. My guy almost everyone pays these "leased payments", unless you're Dangote, except mine goes towards full right ownership with each payment. Whereas a common man in naija go pay rent till he dies. I'm not interested in the few in naija who can afford home ownership, I'm talking about the masses. If I have to pay rent I might as well be paying into a "lease" which goes towards me owning it outright within x amount of years, than throwing money away. Make sense ?


A man that builds a house in AJ city can call his shack his own all he wants. I'd rather pay the 20 years and have a house with constant electricity, running water, good workmanship, solid foundation, etc. To me that's better than calling a shack built beside raw sewage in a 3rd world country my own. Besides with one pay cheque I can come and buy it outright from him. Is that suppose to be impressive ? But you're ignorant on how credit works, and how you can use it for your best interest, build the middle class, and to accumulate assets which turns into wealth down the line (See my leased house which is now worth 80k more).

Just saying... But I understand your point.

LOL. A house you bought $260k is now worth $340k. On paper, that is a profit of $80k. Great!

Now grab a paper, pencil and a calculator. Add up all your payments, interests and property taxes (excluding cost of maintenance). Primary residence is never an investment.

How many people do you see owning multiple properties in US? Extremely rare because the mortgage style of financing offers little home for growth.
The difference is that house owners in Nigeria are real landlords.

You made interesting assumptions:
1) You will be healthy enough to pay off your mortgage for the remaining years.
2) Your job will be secure in the next 20+ years.
3) Past performance is an indication of future performance.

The system that values your house at $340k can arbitrarily value it at $100k next year without any physical change to your property. Many people lost their houses in 2008-2011. Some ended up abandoning their houses.

US system is set up for debt. We live that way. But you cannot for the life of me tell me that I am better off with my mortgage of $6k in a month. Some knowledgeable Nigerians take out their equities to buy out properties elsewhere. That should be in your game plan.

Oh and by the way, after paying for 20 years, your now lovely wife may decide that she is fed up with you per irreconcilable differences. Guess what? You pack out. Spread your risks.
\

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Re: Yankee: through the eyes of a village boy. by FrankNetter(m): 1:09am On Jan 13, 2017
Teddywhiz1:
You are right bro...... I just wonder what people gain having like 7 accounts on nairaland, they start up arguments and start using their different monikers to support their motion NA wa o undecided

Lol. Na joblessness dey cause am.

2 Likes

Re: Yankee: through the eyes of a village boy. by TWoods(m): 2:18am On Jan 13, 2017
InvertedHammer:


LOL. A house you bought $260k is now worth $340k. On paper, that is a profit of $80k. Great!

Now grab a paper, pencil and a calculator. Add up all your payments, interests and property taxes (excluding cost of maintenance). Primary residence is never an investment.

How many people do you see owning multiple properties in US? Extremely rare because the mortgage style of financing offers little home for growth.
The difference is that house owners in Nigeria are real landlords.

You made interesting assumptions:
1) You will be healthy enough to pay off your mortgage for the remaining years.
2) Your job will be secure in the next 20+ years.
3) Past performance is an indication of future performance.

The system that values your house at $340k can arbitrarily value it at $100k next year without any physical change to your property. Many people lost their houses in 2008-2011. Some ended up abandoning their houses.

US system is set up for debt. We live that way. But you cannot for the life of me tell me that I am better off with my mortgage of $6k in a month. Some knowledgeable Nigerians take out their equities to buy out properties elsewhere. That should be in your game plan.

Oh and by the way, after paying for 20 years, your now lovely wife may decide that she is fed up with you per irreconcilable differences. Guess what? You pack out. Spread your risks.
\

I'm not going to bother with the argument over who made the better investment in terms of buying a house. But here is the problem, a lot of arguments like yours miss the point... the beauty of living in America vs. Nigeria goes beyond the cost of a house... its the intangibles that money can't buy that are missing in Nigeria! You talk of the guy who built a house in Ajegunle... did you include the 9 ft fence with barbed wire he built just to keep armed robbers at bay? What of the borehole he has to build, the large komatsu generator he must constantly fuel and service just to have electricity more than 2 hours a day? Should we talk of the terrible roads he drives on, the fact that if he had a heart attack today he has less than a 5% chance of survival no thanks to a non-existent emergency service system and poor health care facilities? Is he sure of getting home without being shot on the highway by robbers? What of the time he spends queuing to buy fuel at the gas station, the fact that his job is not secure and he cannot count on a reliable justice system if the government decides to seize his house for no reason tomorrow?

Yes the guy in Ajengule may own his own house outright... but i can guarantee you even a poor fool in America would never trade places with him in a million years.

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Re: Yankee: through the eyes of a village boy. by maternal: 7:43am On Jan 13, 2017
InvertedHammer:


LOL. A house you bought $260k is now worth $340k. On paper, that is a profit of $80k. Great!

Now grab a paper, pencil and a calculator. Add up all your payments, interests and property taxes (excluding cost of maintenance). Primary residence is never an investment.

How many people do you see owning multiple properties in US? Extremely rare because the mortgage style of financing offers little home for growth.
The difference is that house owners in Nigeria are real landlords.

You made interesting assumptions:
1) You will be healthy enough to pay off your mortgage for the remaining years.
2) Your job will be secure in the next 20+ years.
3) Past performance is an indication of future performance.

The system that values your house at $340k can arbitrarily value it at $100k next year without any physical change to your property. Many people lost their houses in 2008-2011. Some ended up abandoning their houses.

US system is set up for debt. We live that way. But you cannot for the life of me tell me that I am better off with my mortgage of $6k in a month. Some knowledgeable Nigerians take out their equities to buy out properties elsewhere. That should be in your game plan.

Oh and by the way, after paying for 20 years, your now lovely wife may decide that she is fed up with you per irreconcilable differences. Guess what? You pack out. Spread your risks.
\

I was going to ignore this post but I couldn't let some believe your assumptions when it comes to this issue.

1. The house came with a finished basement which was turned into a legal 2 bedroom suite. The mortgage, utilities,etc is paid by my 2 tenants and all I pay out of my pockets each month is my TV package (100) and internet (70). Grab a paper, pencil and calculator, what is your profit margin when you buy a house worth $260k is now worth $340k, and you haven't paid a penny in mortgage ?

2. Can a renter predict they'll be healthy for 20 years as well ? Whether healthy or not, a renter would still have to pay rent regardless unless they want to live on the streets, just like someone who pays mortgage. What's your point ? Same thing with job security, can a renter predict they'll have a job for 20 years as well? Job or no job won't they find a way to pay their rent, unless they want to live on the streets.

3. I live in Canada and many people own multiple houses here if planned properly. It's not even a big deal here.

4. Nigeria has a mortgage system as well. And I know people who have taken out line of credits, go to naija, and buy property or start businesses. My mother and brother are one of them. The truth is unless you have access to someones financial books, you don't know how they purchased something.

5. The system that determines the value of my house is based on supply and demand. The 2008-20011 crisis did not really affect Canada. The banking system here is different and more strict. Joe who works at McDonalds will not get approved for a mortgage here. The market here is stable.

Even your President elect Mr.Trump has filed bankruptcy before because he couldn't pay his creditors. The family gained their wealth (Billions of dollars) through real estate which they acquired through bank loans as well. But according to you, the guy who owns his shack in Ajegunle get money pass Donald Trump and is a "real landlord" ? You're only insulting yourself. Seriously go learn how credit works in the west.

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Re: Yankee: through the eyes of a village boy. by davinchecodes(m): 7:53am On Jan 13, 2017
maternal:


I was going to ignore this post but I couldn't let some believe your assumptions when it comes to this issue.

1. The house came with a finished basement which was turned into a legal 2 bedroom suite. The mortgage, utilities,etc is paid by my 2 tenants and all I pay out of my pockets each month is my TV package (100) and internet (70). Grab a paper, pencil and calculator, what is your profit margin when you buy a house worth $260k is now worth $340k, and you haven't paid a penny in mortgage ?

2. Can a renter predict they'll be healthy for 20 years as well ? Whether healthy or not, a renter would still have to pay rent regardless unless they want to live on the streets, just like someone who pays mortgage. What's your point ? Same thing with job security, can a renter predict they'll have a job for 20 years as well? Job or no job won't they find a way to pay their rent, unless they want to live on the streets.

3. I live in Canada and many people own multiple houses here if planned properly. It's not even a big deal here.

4. Nigeria has a mortgage system as well. And I know people who have taken out line of credits, go to naija, and buy property or start businesses. My mother and brother are one of them. The truth is unless you have access to someones financial books, you don't know how they purchased something.

5. The system that determines the value of my house is based on supply and demand. The 2008-20011 crisis did not really affect Canada. The banking system here is different and more strict. Joe who works at McDonalds will not get approved for a mortgage here. The market here is stable.

Even your President elect Mr.Trump has filed bankruptcy before because he couldn't pay his creditors. The family gained their wealth (Billions of dollars) through real estate which they acquired through bank loans as well. But according to you, the guy who owns his shack in Ajegunle get money pass Donald Trump and is a "real landlord" ? You're only insulting yourself. Seriously go learn how credit works in the west.
You should just ignore him

6 Likes

Re: Yankee: through the eyes of a village boy. by Funnyguy83: 8:30am On Jan 13, 2017
FrankNetter:


Thanks man.
am soo happy for you bro . I tap into your blessing. Withing the next 1year and 10 months , am in the United State Of America in Jesus name Amen.

10 Likes

Re: Yankee: through the eyes of a village boy. by progress69: 9:47am On Jan 13, 2017
maternal:


I was going to ignore this post but I couldn't let some believe your assumptions when it comes to this issue.

5. The system that determines the value of my house is based on supply and demand. The 2008-20011 crisis did not really affect Canada. The banking system here is different and more strict. Joe who works at McDonalds will not get approved for a mortgage here. The market here is stable.

Even your President elect Mr.Trump has filed bankruptcy before because he couldn't pay his creditors. The family gained their wealth (Billions of dollars) through real estate which they acquired through bank loans as well. But according to you, the guy who owns his shack in Ajegunle get money pass Donald Trump and is a "real landlord" ? You're only insulting yourself. Seriously go learn how credit works in the west.

We need to ask him what the value of a N500 million worth house in Abuja as at 2011 is now in this reccession.
He probably doesn't even know about the as much as %50 cut in rent in some cases in this period too.
What happened in 2008-2011 can happen to any country.
Nigeria is having her share at the moment.
I don't know how people just argue ignorantly!

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