₦airaland Forum

Think about this: if other people who think like you also buy land in this area, soon that area will become wealthy.

Most places we considered "bush" 20, 30 years ago are highbrow now. Consider somebody who was living in Surulere buying land in Lekki in 1990.

Please buy where your money can... owning your home and not paying rent is part of becoming wealthy.

covid2019:
As noted elsewhere in my previous thread: https://www.nairaland.com/5829221/build-small-house-now-keep, I have been seriously considering building a house, but after a few inquiries and inspections, I discovered that I could only afford a land and build in remote area in my state.

The effect is that my neighbours and everyone in my vicinity will be of low income or lower middle class. This effect is seen in churches, schools etc around there too.

Personally, I don't care about this but my elder brother will not allow me to rest. According to him, "Nigga, you like village too much, leave that place," he is of the opinion that I should even leave the state entirely-- he is New York based anyway.

NOW, these thoughts have been in my subconscious mind, having subliminal effects on me.

Considering, that this great forum has people from all walks of life, I have decided to bring this issue here: TO WHAT EXTENT DOES ONE'S RESIDENT ENVIRONMENT AFFECT HIM especially with regard to finance.

Should I forget about building now-- since I can only afford to build in a remote area now-- and rent in a highbrow, upscale area?

What are the advantages or disadvantages of living among the rich.


Thanks.

This a great topic!

I brought a chair here to sit amongst the blessed.

Hathor5:
I agree some people can adjust and at times the environment will rub off on people in a positive (or negative) way but not everyone can blend in everywhere. While it is relatively easy to change your wardrobe, it is more difficult to blend in in other ways. I have been in many awkward situations observing people who would try to blend in but and not understanding why they would not.

I am not against social mobility. I don't even think everyone must blend in with the 'elites' but it helps to know that social upward mobility comes with challenges. Just like downward social mobility with the difference that those moving down do not feel the desire to fit in as much.

Thank you! This is very valid...which would you prefer, the struggles of an upward, downward or horizontal social mobility? I'd choose upward any day. Surely after several awkward moments, I will catch a break

Hathor5:
It is not a question of not wanting to but a matter of not being able to. Relocating won't make you a different person. The way you speak, what you talk about, how you eat, what you know, your etiquette will give you away. You can't buy (social) class and people may look down on you and even try to avoid you and then also your children.

God bless you. If you end up in such area, they will even respect your originality. Trying to form rich while you are not, turns the rich off. They will just ignore you and that can be painful .... When you live in a neighborhood and you are ignored.


@OP, build your house, when your financial capacity improves, move to the Banana Island version of any city you are. After all, not all the rich started rich, some of them migrated from those poor areas to the rich ones.

Carchoice:
When you live among the rich, you start to act rich before you know it you’ll get rich.

Remember to thank your brother for saving you from village people.

this acting will not be cheap

Well it depends on ur financial muscle for now, u can build a small fancy house in the village and Still maintain ur levels in the upscale area.

If fact,if you will travel overseas in the possible shortest of time... build anywhere.

Op build house you can still rent it and move out to the rich area or sell d house for a higher price later. How can you use your investment money for rent?

sisisioge:
Thank you! This is very valid...which would you prefer, the struggles of an upward, downward or horizontal social mobility? I'd choose upward any day. Surely after several awkward moments, I will catch a break

At this stage of my life horizontal is fine, nothing against moving more up though in terms of money. I don't think there is anything like too much money. But I wouldn't want to be part of shallow societies that place too much value on material possessions. It bores me. I don'T feel the need to demonstrate what I have, I prefer to enjoy it and be humble. The Kardashians and their likes would never make me want to blend in with them. I would much rather hang out with Bill Gates or the Obamas.

I think you are a very self-aware person who would adapt quickly to different environments. Survival of the fittest.
Not every environment is worth fitting in though.

One thing living in a "local" environment does to you is that it changes the way you think, the way you behave and ultimately it affects your life negatively and that of your offsprings.

You begin to see abnormalities as though there re normal way of life and you will definitely have this short sight to the things of life.
I once live in such kinda environment and when i began to relate issues with my neighbors, the level of their thinking makes me run nought.

I had to run for my life before they infect me with their "settling for less" mentality.

Amanee:
How can you use an obscene amount of money for rent when you can make a lifetime investment and live rent free? It's simple logic forget all this living with the rich, a wise man once said 'cut your coat according to your cloth'. Don't go and live somewhere where you'll end up with hbp while trying to keep up with the Joneses.

A word is enough for the wise.

When you live among the rich, the demonstration effect comes in of relative income hypothesis as postulated by James Duesenbery : That is, individuals or household try to imitate or copy the consumption levels of their neighbours. Which could be detrimental because you end up spending a larger proportion of your income compare to their own lower proportion.

Lajiniran:
God bless you. If you end up in such area, they will even respect your originality. Trying to form rich while you are not, turns the rich off. They will just ignore you and that can be painful .... When you live in a neighborhood and you are ignored.


@OP, build your house, when your financial capacity improves, move to the Banana Island version of any city you are. After all, not all the rich started rich, some of them migrated from those poor areas to the rich ones.

Exactly right.

blank:
@covid19, US is different from Naija. Why do people want to leave the hood and not go back? Your ZIP code is priceless. Please do as much as you can to live in an area with good schools and good health facilities. Your neighborhood determines your facilities in the US.

Well said

You can live among the poor but don’t think like the poor. For you not to think like the poor you have to limit your relations with the poor if you live amongst them. If you want to live amongst the rich and not as rich as they are, you have to be cautious, otherwise you might be pressured to live beyond your means... typical of what is seen in many parts of Lagos. In all, you need wisdom to live.

covid2019:
As noted elsewhere in my previous thread: https://www.nairaland.com/5829221/build-small-house-now-keep...

Should I forget about building now-- since I can only afford to build in a remote area now-- and rent in a highbrow, upscale area?

What are the advantages or disadvantages of living among the rich.


Thanks.

One of the advantages of living among rich and exposed people is that you learn to think logically.

Apart from this there will be an improvement in your circle of contacts.

That notwithstanding I would advise that you still go ahead to build the house in the remote part of town for the purpose of renting it out and also as a form of investment.

If you can, move to an area with middle class people and look then look for money to build another house in such an area

Surinamese4:
Living among rich people is best for antisocials and introvert. Rich don't socialize

NO NO NO, they do! But with their kind

sisisioge:
Thank you! This is very valid...which would you prefer, the struggles of an upward, downward or horizontal social mobility? I'd choose upward any day. Surely after several awkward moments, I will catch a break

Sure struggles upward is the deal, but many people cannot keep up with the challenges, this is where age and commitment matters.

A young struggling guy can easily scale through.
But I hate it when people are forcing themselves to belong.

Ideally, I would advise you to continue hustling and saving money from your investments.

I am just guessing but I think you are in Anambra state. Getting that piece of land and building might not be the wisest idea now. What you need is a stable business which can multiply your income.

When you have about 3 times the amount that is sitting in your account, then start thinking about building.

What I will advise is if you're not doing so already, split the bills for the rent with your friend.

If you made it in Nigeria, stay here; don't go chasing what isn't lost outside the shores of Nigeria.

I'm repeating myself for emphasis, keep doing what you're doing and multiplying the amount of money in your account.

I wouldn’t advice renting in a such a neighborhood but you can purchase a 2 bed apartment around that estate or neighborhood and start off from there as a young bachelor. Perhaps even get to start a family on the long run while you also build your dream house to taste anywhere you choose. That’s goals for me. I intend owning pent houses and apartments in the best cities and neighborhoods in Nigeria And Africa as a whole for my getaway whilst having a standard detached house in a locality .


Gone are the days people build they big houses in poor neighborhoods, ride miles to get their wards to a good school, their jobs or even social recreation. You don’t want to raise Your kids around the same environment and conditions You was raised.

I bet you don’t want your kids to go to shoprite Or an airport in a tour bus excursion while their mates go to London and Paris


On the other hand you can build yourself a house in a rich neighborhood once and for all.

Moral of my story is; Live in an environment that matches your mindset or aspirations.

Nairaland's Sensible Post of the day. Seems to be one per day.

covid2019:
As noted elsewhere in my previous thread: https://www.nairaland.com/5829221/build-small-house-now-keep, I have been seriously considering building a house, but after a few inquiries and inspections, I discovered that I could only afford a land and build in remote area in my state.

The effect is that my neighbours and everyone in my vicinity will be of low income or lower middle class. This effect is seen in churches, schools etc around there too.

Personally, I don't care about this but my elder brother will not allow me to rest. According to him, "Nigga, you like village too much, leave that place," he is of the opinion that I should even leave the state entirely-- he is New York based anyway.

NOW, these thoughts have been in my subconscious mind, having subliminal effects on me.

Considering, that this great forum has people from all walks of life, I have decided to bring this issue here: TO WHAT EXTENT DOES ONE'S RESIDENT ENVIRONMENT AFFECT HIM especially with regard to finance.

Should I forget about building now-- since I can only afford to build in a remote area now-- and rent in a highbrow, upscale area?

What are the advantages or disadvantages of living among the rich.


Thanks.

Your brother no lie o. You can build there but don't stay there. Use the rent from there to offset ur own rent. True story.

MondayOsunbor:
this acting will not be cheap

No be small thing oooo before one go tif

covid2019:
As noted elsewhere in my previous thread: https://www.nairaland.com/5829221/build-small-house-now-keep, I have been seriously considering building a house, but after a few inquiries and inspections, I discovered that I could only afford a land and build in remote area in my state.

The effect is that my neighbours and everyone in my vicinity will be of low income or lower middle class. This effect is seen in churches, schools etc around there too.

Personally, I don't care about this but my elder brother will not allow me to rest. According to him, "Nigga, you like village too much, leave that place," he is of the opinion that I should even leave the state entirely-- he is New York based anyway.

NOW, these thoughts have been in my subconscious mind, having subliminal effects on me.

Considering, that this great forum has people from all walks of life, I have decided to bring this issue here: TO WHAT EXTENT DOES ONE'S RESIDENT ENVIRONMENT AFFECT HIM especially with regard to finance.

Should I forget about building now-- since I can only afford to build in a remote area now-- and rent in a highbrow, upscale area?

What are the advantages or disadvantages of living among the rich.


Thanks.

No one ever regrets having a house, apart from the rent free state, bad as e reach tomorrow, no one will chase you from your house, and this is the only investment that never depreciates, always appreciating exponentially.

Put 25million into a landed property today, in less than 5 yrs, the worth can be up to 100m.

No go do pass yourself bro, it's a battle of expensive living vs moderate living
Spending vs Investing
Home insecurity vs home security.

The choice is yours. For the upscale estate,

Advantages:
You socialize with upwardly mobile folks who may motivate and help you with connections.
Secure and lovely neighborhood.

Disadvantages
If you don't have deep pockets, you end up playing catch-up with the Joneses in terms of changing Cars, jewelry, social clubs, expensive children school and summer vacations in order to fit in and have what to talk about. This may affect your finances negatively.
You might only know your neighbours from a distance as they are hardly around, always busy with their endeavours, are a little bit snobbish.

Personally, I would advice anyone starting out not to stay there even if you own the property.

Surinamese4:
Living among rich people is best for antisocials and introvert. Rich don't socialize

Deep thinker, I hail.

Disclaimer: not trying socialize,although necessary when needed.

I could remember I once read on this platform that Dangote requested a meeting between himself and his neighbour; Otunba, and they weren't able to schedule a meeting for a while, because Otunba was so busy with business.

I Believe they weren't upset with each other, because of mutual respect. They're both business savvy!

I will advice you go ahead and build as many have suggested but not necessarily in your village, you can build in your state capital at least away from the village unless you are sound spiritually. But if your source of income is in State A, go ahead and build in State A, home is home unless you are in the North East.

Erosion2020:
Sure struggles upward is the deal, but many people cannot keep up with the challenges, this is where age and commitment matters.

A young struggling guy can easily scale through.
But I hate it when people are forcing themselves to belong.

I get you. I wasn't referring to the wanabees. I was more tending towards saving up to go and do masters in LBS or even Stanford instead of opting for same master in OOU. Note that you would meet students in those schools who didn't have to save up for tuition...the money came like fresh air. But you will receive same lectures and exposure.

There are some questions people ask these days that baffers me shall you have money to buy a land and build somebody far away in USA is telling you where to buy, I will tell you my little experience in life, 1999 I sent money to my mum to buy me a land in high brow area(GRA) she was scam, after paying for the land or was discovered is someone else property, but she did tell me I was sending money for her to build as a smart woman she didn't tell me she was scam she went and bought a land at other places normal area when I came to Nigeria 2001 she took me to where she bought the land and she has taking the building to linter level I was really mad with her for not telling so I abandoned that project, 2008 I decided to complete the house as I am talking to you now that house worth four times more than what it was 1999. I have another experience I bought a land at aboru iyanapaja side 2014 for 1.5m, right now that land worth 8 to 9m now, so what are u talking about leaving with high brow people, my brother build ur house and face your life abeg, every aboki with his kettle.

covid2019:
As noted elsewhere in my previous thread: https://www.nairaland.com/5829221/build-small-house-now-keep, I have been seriously considering building a house, but after a few inquiries and inspections, I discovered that I could only afford a land and build in remote area in my state.

The effect is that my neighbours and everyone in my vicinity will be of low income or lower middle class. This effect is seen in churches, schools etc around there too.

Personally, I don't care about this but my elder brother will not allow me to rest. According to him, "Nigga, you like village too much, leave that place," he is of the opinion that I should even leave the state entirely-- he is New York based anyway.

NOW, these thoughts have been in my subconscious mind, having subliminal effects on me.

Considering, that this great forum has people from all walks of life, I have decided to bring this issue here: TO WHAT EXTENT DOES ONE'S RESIDENT ENVIRONMENT AFFECT HIM especially with regard to finance.

Should I forget about building now-- since I can only afford to build in a remote area now-- and rent in a highbrow, upscale area?

What are the advantages or disadvantages of living among the rich.


Thanks.

It is more better you build your own house in that remotest village than to rent a house. Your own is your own bro.

Hathor5:
At this stage of my life horizontal is fine, nothing against moving more up though in terms of money. I don't think there is anything like too much money. But I wouldn't want to be part of shallow societies that place too much value on material possessions. It bores me. I don'T feel the need to demonstrate what I have, I prefer to enjoy it and be humble. The Kardashians and their likes would never make me want to blend in with them. I would much rather hang out with Bill Gates or the Obamas.

I think you are a very self-aware person who would adapt quickly to different environments. Survival of the fittest.
Not every environment is worth fitting in though.

Wow! You see why I always preach that we aren't all on the same level on this NL! Chai! You have arrived! Who knows, your present horizontal level might be my own vertical. It is well o...may God increase my coast Dining with Bill gate is way higher than fraternizing with the Kardashians nau...its a crime to mention them in the same breathe

Hit me on 08187398766 lets carryout the research.

Use that money to rent a nice house in a highrow area. That will afford you the opportunity to meet rich people and you will start thnking big. You better don't mingle with poor ass. As a man thinketh, so is he. Okay

Triangles1:
Just imagine having opportunity to meet Dangote and Alakija or Otedola every day.


When you live among the poor you start reasoning like them and gossip except you have a high momentum to survive.


My father once told me that if you want to end at no.10 always focus on 99.

Bros average Nigerian cannot build house where alakija,dangote and co built their house...the only location where u see poor ppl is in the village and majority of us ain't living there....