₦airaland Forum

pussiboner:
No post is been shifted, it is in relation to your below statement.

So what is the relationship between not keeping money in naira for long and what you wrote?

Not interested in going back and forth sir. Let's move on

pussiboner:
You clearly don't understand what inflation means.

Are you saying if you are earning naira, you would be converting all your cash to fx to beat inflation?

No, investing them. fx is not the only way to beat inflation. investment is broad.

I want to understand what you know about inflation and money (naira) being a store of value.

pussiboner:
I did my research 6 years ago. I can help you a little bit more if you have my time.

In 2015... You had 30 million naira

Scenario A... Pay a rent of 1.5 million yearly for 20 years

Scenario B... Build a personal house.

Which would you do?

Is this about paying rent vs buying/building a house?

You are shifting to another goal post entirely.

pussiboner:
What if you earn in naira... What happens?

naira is one of the worst currency to keep as a store of value.

Inflation will send you to the village.

What 1000 can buy 2 months ago has raptured.

pussiboner:
Having a roof over your head in this context means owning your own home... This is an investment as you would not be oblidged to pay your landlord yearly.

You can do a little research to understand the difference, cant stress it sir.

EgunMogaji2:
Except if you’re smart and build a fourplex, live in one and rent out three. Give it to a management company and then you get to bitch at the owner with the other tenants

Yes chief, if you build to collect rent or even sell, you've invested and an investor in real estate.

That is why I said except you are building for rentage, lease or outright sale, having a personal roof over your head can't be an investment in its true sense.

diordaves:
In Nigeria because we mostly don't do mortgage, we build cash from savings, a roof over your head is an investment. You stop paying rent with the house appreciating in value if maintained periodically. You may not be getting immediate cash. Think about it as a pension fund.

If you are paying funds into a pension fund in lieu of when you retire, is that an investment as you are not earning immediately from it ? Of course it is an investment.

That you stopped paying rent does not make it an investment sir.

Is owing a private car for no better example an investment afterall it will stop you from paying to take public bus?

If you understand deeply the meaning of investment, you'd know that what you buy/build/own for personal consumption can't be said to be an investment except you plan to sell it from the get go.

That it looks like an 'investment' does not make it an investment.

pussiboner:
You are correct Sir.

Having a roof over your head or investments in real estate is one of the best forms of investments that lasts a lifetime.

Having a roof over your head is actually not an investment because you are not going to be earning from such.

And yes, investing your fund into real estate is an investment and way better than banking that same fund.

pussiboner:
So who is wise financially?

Those who understands exchange rate, purchasing power, inflation and money in general especially naira.

EgunMogaji2:
Very dangerous Amigo.

In my opinion, extra money in bank is near worthless investment wise.

Whoever keeps Naira in the bank for long is not wise financially.

richmond500:
exactly, defensing this lady is like defending our politicians

See people consoling and defending her actions.

Trying to put up excuses for her.

Yet, expect angels as leaders.

Emmanuelcann:
It's not unlikely. That's a good train of thought! It could also be the moneybag jihadists.

Yes, could also be sponsors from the middle east

Can be anything.

A society that condoles making money whicheverway should not expect angels as rulers.

From a people come leaders.

I repeat again, no good people get ruled by bad leaders


Your leaders = your reflection!

What if the western world are the ones distabilizing African countries they believe may likely rise to stop their control?

What if they are the ones sponsoring all these insecurities so as to be called in for assistance thereby getting more grip of the continent?

I am just thinking aloud.

Your username reminds me of price movement monitoring era

InvertedHammer:
/
For the records.

I had to personally go and inspect welding works done and supplied by Michlins to a site.

I must admit that he did a good job.

/

How is this a lie?
The current and future leaders were and are once children.

Lakside1955:
That we children are the leaders of tomorrow in nigeria

Biggest scam ever

Unknown ESPN at work but I doubt this news.

Nice one
Wooden floor or....?

davodyguy:
Loading Loading, we're almost there

In this hot weather
As hot as this part of the world is

Someone still smokes and expect to remain sane.

Not different from people wearing suit in hot weather.

You do not need a Bible to explain some things to you.

michlins:
I didn't know that is what you want. This one is still going to be rail size also.



You can do the attached design for a lock up protector

This is nice.

How many toilets can one bio-digester tank serve?

https://www.nairaland.com/6521231/olu-okeowos-property-demolished-lagos

What do we call this?

But why wait till it got to this stage before coming to demolish it?

People want respect for the same police they disrespect daily?

Irony of life.

The same way you degrade your country is the same way your country will remain degraded.

Or you think your police or country will become better by your degradation?

People now go about fighting what they should be protecting.

When these people are done with the security forces, they will come for you, your wives, your daughters, your mothers, your grandmothers and anyone who can't defend themselves and there would be nothing that will protect you/them by then.

So keep on supporting those destroying the institutions that are there to uphold decency, rule of law and law and order no matter how bad we think they are.

Without them, you are as exposed as a house without a roof.

EgunMogaji2:
Nope. Not for me either.

I’m an Ijebu man to the inner core.

LOL

bixton:
Sure....
The door can do all you want....

He hehe, maybe serve as a secretary too.

EgunMogaji2:
Well, a trap door could.

I will let people like you have it all sir.

2m door (1) sounds strange to me.

n3xt:
Baba, door dey o.

I will pass. 2m for just 1 door.

2m wey go build bungalow in some places?

n3xt:
That’s why locally made doors are trending in the contemporary space.

You can get 100 years cedar if you meet professional door makers. I know a few in Banana Island

Why should I go do a door in Banana Island of all places?

n3xt:
Very cheap.

I found something close to the door below in Swisstrade, Ikota at N2,000,000 in 2014.

Good doors cost fortune.

Does it arrest intruders on its own?

KolaShangOne:
Hmmmm...

None of those 4ft doors are less than 400k..

It better not spoil for 100 years.

spyder880:
Some of his doors are around N600 to 700k. But we can ask him.

Just one door!