₦airaland Forum

Underground tank
This can only be cost effective in a dry land

If you have a swimming pool land, either you break the bank to do this or just respect yourself.

EgunMogaji2:
Just do a stanchion jejely.

The inbuilt one requires maintenance which is almost never done. It then becomes a habitat for horticulture and animals.

I’m designing an underground one next for my house.

SunTzu123:
You arrested him and they are still "unknown" gun men?
Thrashy reportage!!!!

The press are part of why this country has become more crisis prone with their unprofessional reportage.

Congregation of sympathizers of murderers.
You do not need to kill directly to be tagged a killer.

If you support and applaud killers, the reward of a killer shall be your portion, says the holy book.

Too many mentally damaged people on this thread.

saphiere:
She's a pilot.

Not the pilot is different from her being a pilot or not though.

KelvinCoaster:
With a moderate finishing,a 5 bedrooms bungalow as at now will cost between 25-27million naira.

Bungalow?

Need to talk to you

For a family of 5
what do you recommend?

Must it be visible or it can go completely underground?

Anyone building/installing bio-digester tanks here?

n3xt:
The information is free on my thread but not all the case studies are covered on the thread.

www.nairaland.com/brabus

Okay

n3xt:
That one no dey free o.... but if the money is right I can show you the numbers and give you 3 case studies where this has worked in Agungi/Lekki/Ajah axis.

Can you point out the 3 case studies you said is in public domain or not free too?

n3xt:
F

I can give you 2 major examples of projects that recoup their investment within 4 years. They’re here and I can share the addresses.

Both of them are terraces. That’s the hint.

Break down the possibility of recouping your investment in 4 years on a landed property (building).

I want to learn..

n3xt:
Well! Let’s end it here. You don’t want to know.

The question to ask here is “How can a man sold a house for N150m 7 years ago and can’t build another one?

That should give you ideas of why the woman need to act the way she did.

But she got 24m from it... A man that could sell a property worth 150m (except he inherited it) can't be said to be a spendrift though without brains ... But then their cup of tea...

n3xt:
F

I think we are talking about someone who have N40m and push all into a house and call it investment. Investment bawo?

I can give you 2 major examples of projects that recoup their investment within 4 years. They’re here and I can share the addresses.

Both of them are terraces. That’s the hint.

Okay, wouldn't be nice to spend all you have on building a house. This is where money management and financial literacy come in.

n3xt:
They’re not just legally married. The wife is a lawyer and the husband is a popular pastor.

How about that?



I wasn’t looking for wrong or right. I was engaged to do a job.

yea but to me, this isn't a marriage. why is she not borrowing him money to complete their permanent home instead of borrowing him money to pay rent?

twinskenny:
lol I doubt it

I thought I was alone in the confusion o

n3xt:
Let’s push it to 250k per month sir and N3m per annum.

It’s still cheaper than living in a N40m house because people like us knew exactly what to do with 35m that will yield 50% ROI within a year.

We’d comfotable doing this in any location
Be it in our own house, a hotel or a rented apartment.

What if the person living in a 40m house owns multiple houses raking in the so called 50% ROI?

To rake in 50% ROI yearly, you must have first recovered the amount spent on building the property(ies) which can't be done within 5 years.

n3xt:
Yes.

Uhm, you see nothing wrong in this?

n3xt:
Exactly! She was even borrowing her husband monies to pay the rent and to move his project forward with interest

I didn’t suspect a thing until she later told me when we were almost at finishing stage.


#smartinvestors

And they are legally married?

n3xt:
Yes. Living in a rented apartment while she’s getting over N10m per annum on her 3 unit Terrace Duplexes.

I guess the husband is still paying the rent where the woman stays while hoping to complete the building both of them will end up moving to?

n3xt:
Wicked people everywhere

Abi nobi so?

hamtabfawaz:
Please share pictures for learning Purpose..√

Terraces are like big man's face me I face you.

Apartment blocks are like average man's face me I face you.

Amb1045:
lol, Igbo's control the whole country in business and cash flow. If you don't believe check seasonal periods when Igbo's travel down East the whole Southwest and North collapse in business and cash flow. Now una northerners especial Hausa is tired of Fulani people

They also control the air we breathe.

hamtabfawaz:
I completely Agree with the Bolded "Statement"

Guess we can say the same about a House.

Straight! Same goes to a house. What you use it for is what differentiates it between being an asset alone or both asset and investment.

What is the difference between a Gazzette and approved Excision?

I am yet to get round these 2.

diordaves:
I've gone to read back my take, I no see where I tell you say I be pastor or na me be the only economist or business administrator. I no tell you that one. Who dey manipulate debate now?

You said if I "deeply understand" and do "research" I will understand what investment means. Abi no be so you tell me? So in reaction to that, I now respond to say I should know because I am trained in the field. I no tell you say I be pastor.


Now you and this google research sef. Well I don hear, so I have "googled" to wikipedia and below in italics is wikipedia take on INVESTMENT:

Investment
To invest is to allocate money with the expectation of a positive benefit/return in the future. In other words, to invest means owning an asset or an item with the goal of generating income from the investment or the appreciation of your investment which is an increase in the value of the asset over a period of time.
Wikipedia

From the above definition, an investment is allocate money with the expectation of a positive benefit/return in the future or the appreciation of the ASSET over a period of time.
It is not only pecuniary.

Now look at the above definition/conceptualization and ask yourself: Does my personal house (forever home) fall into the above definition. If no, then your house is not an investment. Na liability. In other words, na white elephant project. Since you know say no be investment, why you build am? With this question, I can now argue that you build your house because you lack financial sense. All Nigerians up and down the country that are fighting tooth and nail to put a roof over their heads no get sense, because those houses no be investment. The maintenance too much. In fact the maintenance is so great that it will ruin and kill them. F o olish Nigerians.

My friend, investment in a property is not only allocation of money to yield money, it also includes to yield benefits like a roof over your head, your pension pot, your retirement years when you are old and gray, the security of your family from the vagaries of nature, and indeed to internalize the benefit of rent payment and for the asset to grow over time.

If you send your kids (for example) abroad to access quality education and result in paying school fees through your nose; is that an investment? To you, that is not an investment as you will not sell your kids in the future (hopefully) and you are not collecting rent money from them. But to me, that is an investment in my kids' future. However, the way things are going, I'm not sure if I will not sell them in the future. Dangote cement don hit 4k. My eye dey red now for money.

At this stage, I go do like you: I rest my case.

I used the pastor analogy as an example.

I believe you know why we have hundreds of definitions for alot of things in Economics /commerce. If not, then the discussion so far should be an evidence.

Sir I have heard you, make we no turn this thread to finance/economic/business thread lol.

Good morning.

diordaves:
I think I should understand deeply the meaning of investment or at least I console myself that I do. I'm a trained economist and a business consultant by trade.

I think you are confusing an asset with an investment.

If you bought a car to commute to work and for family need, it is an investment but not an asset because the car will take money away from you and depreciate in value though you bought it cash.

If you bought a car for Uber, but you bought it by hire purchase, even though you are earning money from it, if your earnings are not higher than your hire purchase and running cost, it is an investment but not an asset.

Anything you put money into is an investment but is it an asset? That is the million dollar question.

A car is an asset irrespective of what you're using it for. The car (asset) now becomes an investment if you start using it to make money directly either by putting it on a lease, rental, HP or as a taxi. (This is rather very easy to understand)

Sir, I think at this point, alot of us are just trying to win an argument by making a simple issue complex.

I decided not to tell anyone my profession and what I majored in for a reason.

Once someone tells me he or she is a pastor in the middle of a deal or discussion, I just back down because I know the person is trying to manipulate the outcome.

You're not the only economist and business administrator here sir. (I mean no harm).

I choose not to say further on this.

A Google research should explain most of what we have been discussing since evening.

I rest my case.

Note : A car you bought on credit is neither an asset nor investment, it's straight down debt.

coldcandy:
These your statements are somehow. 2nd paragraph contradicts the 1st.
A roof over your head is an investment in real estate sir.

Real estate and owing a home for the purpose of living therein aren't the same.

n3xt:
For me o...

A house is not an investment if you do not plan to sell it. The running costs of a house are too high for it to be classified as an investment.

Simple.

pussiboner:
A) There is running cost
B) There is also savings and investments....

You have just been generalizing. That's was why I asked specific questions.

Inflation is the persistent/consistent rise in the prices of goods and services.

And you spend what in buying the rising goods and services?

Seems you're bored tonight and looking for who to drag on a back and forth.

I no get the power, I am worn out in Next's voice

pussiboner:
The bolded shows you don't know who is financially wise sir.

Since you have eluded the questions I asked you, it is clear you just made hasty generalizations.

Don't mind me, I wanted to pick your brain a little. Thanks for your time

Okay sir, please teach me.

I don't have the strength to go back and forth. I will leave the floor to you. Those who got my points already did sir.

You can have the floor, I will take notes