₦airaland Forum

A relative is in need of funds for relocation purposes. (His family)

He's got an almost completed 4 bedroom duplex with an atrium roof on a 400 sqm in an estate on the island (Lagos)

A 600sqm plot of land in an estate in Epe.

Though he's trying to sell the first property but he needs a loan of ₦3m to continue the process.

Willing to sell the second property too or use it as collateral for the ₦3m loan for 6 months.

The Epe land is currently worth ₦5.5m (Total package).

Anyone giving out loans?

BigDawsNet:
Don't sell, rather use it to collect loan. [Collateral] you will need average of 15m to study in sept 2024... thats if the exchange doesnt get worse...

Dont worry when you get dere... you will be paying small small...
Goodluck

Do you know any entity giving out loan that these properties can be used as collateral?

Keep the calls coming.

franugo:
Why do you think we enjoy life better than Canadians?

This is relative

Someone earning ₦1m in Nigeria is likely to enjoy life better than someone earning 3k CAD in Canada but I can't really quantify or compare enjoyment.

Like I said, it's relative.

If you actually have money in Nigeria, you're going to be balling!

Those not earning below ₦1m in Nigeria knows how far.

Enough said.

franugo:
True that, make small money in Canada and you're suddenly a naira millionaire,...it's crazy how low the naira has fallen

That's if you're paying your bills with it in Nigeria.

Jeboy:
Please share how a minimum wager that earns 30k (is that the new minimum wage now) can rent a single room in Nigeria.


A student who works 20 hours/week in Canada let's say 20 cad per hr (new rate) can earn up to
1200 CAD less tax. He or she pays 550 CAD for a single room in a shared flat inclusive of 24hrs power (uses power for cooking), Data and heat. He has 650 CAD extra to manage his life of which he can save like 300 to 400 CAD if he lives low-key.


Tell us how a Nigerian earning 30k can match the above soft life? How much can a minimum wage earner save after paying his month bills.

We are not even talking about Canada's access to food bank, good roads, security, health care etc.

Una dey promote 9ja with sufferness.

Those earning minimum wage won't be talking about renting what is being discussed here be it in Nigeria or anywhere else.

There is no where in the world those earning minimum wage are comfortable, none whatsoever, hence the reason their government often time provide welfare for those within such bracket.

And pls, quit this student stuff you keep talking about. (Funny he even said students earn 1200 after tax and even said they earn 20/hr) highest is $16 CAD as general minimum wage which is to come to effect in April 2024.

This thread is not about student. Students should not even be working in the first place.

Talk about families and rent.

franugo:
Is paying bills not what our salary here does too? Why do a job if they aren't bills to be paid??
Doesn't matter how you want to look at it, the average worker in Canada is certainly better off to the one in Nigeria, no need to promote a fallacy just cause you want to be pro-Naija. Hope you know some of them get tax refunds?

Earning a Salary should give you more than just paying rents and co, it should also give you money to enjoy life.

WrriterNg:
⚡A suicide bomber detonated near the administration building in Nimruz province. Three members of the Taliban were injured.

Over the past week, ISIS terrorists have carried out at least three attacks using explosive devices against the ruling Taliban forces in the country.

America!

Tonididdyx:
Obviously you have comprehensive dfficulties hence paint scenarios like a kid.

Me I can't deal! ADieOS

I knew your capacity for what's being discussed was below par right from the example of foodstuffs you brought up.

Run along.

Jeboy:
So tell me the type of house someone with minimum wage earnings can rent in Nigeria.

Students in Canada with 20 hours a week can comfortably rent 550 to 700 CAD shared flat apartment.

Please tell me...I want to see your logic.

Comfortably?

If they can pay comfortably, they wouldn't be sharing rent.

What is the net pay of someone earning 15 CAD for hour 20 hours a week which equals 80 hours a month?

I hope you know the % that goes to tax? ( 15-50% depending on your earning bracket) and another 15% vat on whatever you buy in stores etc.

Paying bills is what most salaries do in the western world, hence the need to have multiple jobs or live a squatter lifestyle.

BTW, why use student as example? Is the thread talking about student housing?

Tonididdyx:
You fail to understand the concept of taste and affordability.
If an old house is 10k less than a new house, the choice of an individual can go either way ( I mean 50/50), there is no certainity he will pick the new house.

Talking about cement of 1500 then vs cement of 5000 now.
Simple question: is there a different foodstuff market for the rich only? Isn't it same market both lanlords in questions attend in the present?
So forget that comparison shit.... Like the other guy told you, when you build your own hase, you'll know why the sky is blue!

₦10k difference?

Speak reality.

There's no difference in most part of Lagos.

Price of whatever you buy got nothing to do with you charging same amount charged by a 3 star apartment when you're a 1 star apartment.

It's like a room at a 2 star hotel trying to charge same amount with a 4 star hotel. It's simply logic which shouldn't be hard to decipher.

Will you pay ₦100k a night in a substandard hotel just because both hotels buy same foodstuffs in the market?

Jeboy:
But he is right now.

My wife's rent per month in Canada is almost my two years rent in Lagos.

The problem is not the rent but our earning power. In Canada shared room apartment can go for like 600 CAD to 800 CAD per month that's like 600k to 800k per month but u can also get a very easy job in a farm where you can earn 160 CAD to 200 CAD (about 160k to 200k) per day.

So the problem is earning power. Reason they say Nigeria is the poverty capital of the world.

This is where you guys are missing it.

When your earnings increases, rent is going to automatically increase too.

Do you think rent was 600-800 CAD 3 or 5 years ago like you mentioned?

Countries with lower income also pay low rent

Iran
China
Russia
Romania etc..

To an outsider,they earn low, but what they end can also cater for their cost of living within their country.

Those earning 3000 CAD per month before tax even need other jobs to be able to pay their rent and handle other aspects of life within canada, reason why many end up sharing apartment with strangers.

jmoore:
When you build your own, you will understand.
Old houses even get space. The new houses are like cages. Baby no go even see space to crawl.
Once again, you don't know what is inflation. Is the purchasing power of 1,000 naira today and 10 years ago the same thing?

Not when, I'm not talking from the outside, so die the "when you build your own mantra".

I won't rent out my house built when cement is selling for ₦4500 at ₦1.2m for 3 bed per year with all modern facilities only for olden days houses to want to be collecting same rate with me.

This is what is causing the almost constant increase in rent.
Old houses that bought cement for less than ₦1500 trying to collect same rate with those who bought for ₦5k+.

I'm not talking about developer's prisons they call modern houses. I'm talking about 15 by 13 living room, 12 by 12 bedrooms.

Telling me I don't know inflation is like telling a swimmer be doesn't know how to hold his breathe.

Inflation got nothing to do with old houses that hardly upgrade their facilities to modern ones trying to collect same rate with modem houses.

jmoore:
Story! Do you know what is inflation?
Is the cost of rice today same as 11 years ago?

And is the inflation affecting houses built 20yrs ago?

A house with olden days amenities trying to collect same rent with those with recent/modem amenities.

Greed is going to make you guys have tenants who won't pay you a year after.

You're already complaining from your previous comments about tenants owing you not knowing it's because of how you guys keep increasing rent even though the building aren't worth the amount.

Is the salary of the tenants not affected by the same inflation and is their salaries being increased in proportion to how you guys increase rent?

Imagine 2 bedroom on the mainland averaging ₦1m-₦1.5m annually.

Flier:
Go and build house if it’s easy,cost of building materials is now multiply by 3
The worse is you can never make the money you used to build the house back in 20 years.

Any house that wasn't built within the last 10 yrs should not be collecting the same rent with recent houses.

Makes no sense.

Earthquakes:
Once you build your own
You can decide to lease it out for free.

But by the way Nigeria has the cheapest house rent in the world, my one month rent in Canada is my 3 yrs rent in PH.

But yes you can always find a way to make the money unlike in Nigeria.

And your 1 month salary is?

Still available

CockPit:
TB Joshua na big time fraud and Nigerians are naturally gullible and superstitious.

We can say same of all big names in Nigeria

..

Keep the calls coming

Floky215:
What most fail to understand and know is that the numbers of slaves who went to the Arabian territory dwarf what went to the west, but today you can see many in the west who survived and their offspring bear testimony to that, now the question that begs for answer is where are the offspring of the slaves sent to Arabia?

Fact have it that, the Arabs often castrate their slaves to make sure no reproduction, and when they felt the slaves are weak and no more useful they behead them..!!
This way only very few was able to make it out hence the very low black population in the Arabian territories...!!

They have actually become citizens but the lowest class.

They do the hard work for the elite

Sports
Construction
Etc

Try checking their national teams of any sport.

Blackfire:
All the blacks sold to the Caucasians(christians) there descendants are still alive today


But all the blacks sold to Arabs( muslims) are no where to be found...decimated





Fact

Wrong

They're everywhere in the middle East.. from Saudi to UAE to Bahrain.

Check their sport teams.

Available

benalvino3:
The Roman conquest of Israel, also known as Judea at the time, began when the Roman general Pompey conquered Jerusalem and its surroundings in 63 BCE. The Romans deposed the ruling Hasmonean dynasty and declared Herod the Great as "King of the Jews" around 40 BCE. Judea, along with Samaria and Idumea, became the Roman province of Iudaea in 6 CE.

This period was marked by several Jewish–Roman wars between 66 and 135 CE, leading to the destruction of Jerusalem and the Second Temple in 70 CE during the siege by the future emperor Titus. The Jewish population faced significant changes and challenges under Roman rule, including the imposition of the Jewish Tax and restrictions on their rights¹.

Source:
(1) History of the Jews in the Roman Empire - Wikipedia. https://en.wikipedia.org/wiki/History_of_the_Jews_in_the_Roman_Empire.
(2) Siege of Jerusalem (70 CE) - Wikipedia. https://en.wikipedia.org/wiki/Siege_of_Jerusalem_%2870_CE%29.
(3) Judaism - Roman Period, 63 BCE-135 CE | Britannica. https://www.britannica.com/topic/Judaism/The-Roman-period-63-bce-135-ce.
(4) Israel - HELLENISM AND THE ROMAN CONQUEST - Country Data. http://www.country-data.com/cgi-bin/query/r-6688.html.

Then we can as well talk about the Israeli conquest of Cannan which historically are the ancestors of present day Palestinians. Since you want to start talking about the days when Israel was not even a country but recognised more as tribes. (12 in numbers with different leaders under the Romans.

The Cannanites own the land and the Palestinians are defendants of Cannan.

benalvino3:
So you have no point? You can deny all you want but if you want history, start with the Bible, then the Koran.

Facepalm

Simple question: Which historical book of fact are you quoting from or did these things come from your head?

wirinet:
Dude, get a history book or better still use Google. The Jews were driven from the land in AD70 by General Titus who later became emperor of Rome.

benalvino3:
Dude, the Israelis were expelled from that land by the Romans, call the place Palestine because of the Jewish uprising that the jews lost.

The ottomans lost the land to the brits. Israelis moved back there and two states were created, one side accepted and the other side along with other arab nations tried to exterminate the jews. Since then they have been losing lands.

This is also a religious war. You have to go to Iran to understand. They preach in their mosque that unless Israel is destroyed, their savior will not come. Israel is surrendered by people who want all jews dead, including the Palestinian people. They have wanted this for over 72 years now which is why there is no peace in that region.

Jordan and Egypt wanted to eradicate jews before... But they are in good terms today because they changed their mindset.

Lol

Expelled by the Romans in what year and according to what record?

Which historical book of fact are you quoting from?

Even the Zionist of today wouldn't even spew what you have just done. Never have they brought up such a narrative before.

I wait you.

Who pronounced the girl his daughter?

BBC?
The Nigerian government?
Chief Judge of Nigeria?
The dead TB Joshua or who?

benalvino3:
Don't they teach that men can be women in some cases these days? You took a course on coursera that means you cannot be wrong. Why didn't you source your course materials?

It's for you too.

Take materials from the for and against and then make a decision of what the truth is from both sides.

I don't argue, I seek answers.

.

tctrills:
Lool
Now that I have given you my evidence you begin to trade insults. Typical Arab supporter. If you had any better evidence than Wikipedia, you would have shown it but you don't so you choose to discredit mine without any counter argument.
That's the problem with you guys.

I just educated you with a screenshot. I don't insult, I educate.
Refer to the previous screenshot.


https://www.pcrf.net/information-you-should-know/what-was-palestine-before-1948.html#:~:text=It%20is%20part%20of%20the,especially%20the%20city%20of%20Jerusalem.

Let me give you a tip further. I actually took a course on the Israeli-palestinian conflict. You can do too, it's free.

Go on Coursera or other online study sites like that for unbias education on an issue like this.

Have a nice day, need to concentrate in Church.