₦airaland Forum

Thank u lastpage
Lol

@buzugee
U need guns in Nigeri? For what if I may ask?
U wanna form a vigilante group or what?

na only Diaby sabi play for that france

that coach is a Arrow

hwy take Govou ahead of benzema

In the west, even with the mortgage crisis, with good credit history and all that, you could still tap into your credit lines; what I hear in Nigeria is that the banks just freeze it so construction/developments of estates come to an abrupt full stop just like that

Not in all cases

the project in yaba is being financed by a bank in Lagos

The ECOWAS passport thingy wasn't in PLAY then.
Now, it's like the EU schitzo. . . . . .any EU citizen can fly from anywhere into any member of the EU community and live happily ever after.
With an ECOWAS passport, no lunatic can deport you from Ghana - Quote Sauron when they come for you with machete n dane guns.

Dem nor born Ghana well. . . .
As an ECOWAS Citizen, my rights permit me to live in any ECOWAS country and enjoy the same rights like the indigenes.

is that what you'll tell them when they bring out cudgels and matchetes?
ure funny

did they claim any right when we sent them packing?

lol, looks like jet li's grand father

LOLOLOL

thts true

this A-40 don dey kolo

France are shyte abeg

naijababe:
U wicked o sauron what about my kids? make i put on top okada too eh

u dey mind sauron

@Sauron
can u use okada?

Now you are talking. . . . .
That is one area Nigerians should start thinking of moving to.
Affordable houses with good space, swimming pool and noiseless.

i agree

houses here are not as expensive as we have in Lagos although 9ja guys are already into property devpt here

but with the way Nigerians are movin down to Ghana, i hope they wont chase awon boiz away with 9ja must go bags o

[quote author=~Sauron~ link=topic=459274.msg6197345#msg6197345 date=1276284784]Use Okada if the traffic gets hectic. [/quote]rain nko?

naijababe:
Honestly, the only thing stopping me from moving to naija na traffic. My brother i weak for Lagos traffic o

as it is now, we dont have any solution to traffic wahala in Lagos

honestly, i want to move to accra

i saw a property in accra in airport west area ( area can be compared to Ikoyi in Lagos) for $200,000
a duplex with 5 rooms, Bq and a pool

to me, thats cheap compared to what we have in Lagos

[quote author=~Sauron~ link=topic=459274.msg6197278#msg6197278 date=1276284208]Which kind traffic be that?
Na Exodus from Egypt to Canaan?[/quote]

naijababe:
thanks tkb. My hubby wants to put our family edifice here   and now u r telling me i will spend my entire life in traffic. Wetin make i do now? I no get phase 1 money na

LOL
living in abraham adesanya means u'll be waking up 4am, leave ur house by 5am and get to the office by 7.30

going home is worse

naijababe, things can still get better. Lets hope fasola will do another major road that will decongest traffic going in and out of lekki

when the curses/juju kill the robbers, then we can move to politicians. . .

i hope i wont have to read about robbery cases by 2012 cos if i do, that means the juju didnt work

abi no be so?

ftmom
u definitely keep your ears and eyes on the ground. Got a question for you since you seem to know your way around Lekki. How far is Abraham Adesanya estate from Ozumba? Just got an offer to buy a plot there for 5M

Abraham Adesanya is not far if the roads are wide but my sister, the traffic from Abraham Adesanya to Ozumba every morning will make u age quickly

for 5m, u can buy and hold, expect the asset to appreciate and sell later

@Ftmom

nice one!

buzugee:
i am taking notes you sir, are a strong business man lol. love the ideas. i think i am relocating to naija fast. in naija you can be a millionaire in pounds in less than a year

gbam!!!!

hehehehe
so its about night clubs now

Last but most important, Give TKb VIP pass and your club is set.

Dont forget to pay me for my consulting services and advice.

CHEERS

haha

lemme know when a club springs up in Lagos o

buzugee:
nigerians sef. dem no sabi dem priorities   na so yar adua do do do go let himself succumb to pericarditis   something that could easily have been diagnosed through EKG and ECHO

are u trying to run a charity org?

if u wanna make money, then go 'our way'

bemster:
@kobo, so your point exactly is, ?
If I remember correctly it wasn't the line you r now trying to tow - the MASSES!
Tkb was just stating that people will buy houses at exhorbitant prices, hence you can make a sizable profit if you get your maths right.
Not entirely such what that has got to do with what the fact that not all will be able to afford this - its obviously the niche-super rich market he was alluding to!

babes, abeg engage the likes of sauron/DK
that babe/bobo will just run ur temp for nothn

NEVER EVER jump in the middle of a conversation you don't understand. Start from the beginning so you get a BETTER idea of what is actually being discussed before you come in ramming disconnected views in .

on the contrary, ure the confused soul

u need Jesus

i answered ur question 1 with ur post or  dont tell me u've suddenly developed some eye problems and u cant see clearly?
LOL

@Buzugee
cardiac what?

abeg, open a bar sharpish

Question 1

Where did ANYONE state that he COULD NOT  make profit in the market?

Define Goldmine. When you Spend about $50,000 building a 2 flat  structure in many parts of Nigeria, and are able to collect about Naira 300,000 a year/two(in lagos especially) in rent , how is that a great deal?

thats ur post

are u confused?

heheheheheh

bemster:
@kobo, so your point exactly is, ?
If I remember correctly it wasn't the line you r now trying to tow - the MASSES!
Tkb was just stating that people will buy houses at exhorbitant prices, hence you can make a sizable profit if you get your maths right.
Not entirely such what that has got to do with what the fact that not all will be able to afford this - its obviously the niche-super rich market he was alluding to!

i really dont know what he/shes arguing about

seems confused

na me dey sell houses?
lol

Well, I know that but that was NEVER the real argument. We started off speaking of profit and going by the recent news that there was a slow down in the real estate market in lagos state, was wondering why he believed still that investing that amount would yield him profits as high as he believes. Suddenly we are moving the post and making it seem I can't afford a house down there or something.

story
yet another bunkum

i am not talking to u as an internet analyst, ure the one who doesnt know and u will do better by asking

fact remains

a certain developer has committed Bleep amount of money to build an estate in yaba and after selling, his profits will be more than 100%

you dont believe, thats ur bizniz

Dude, I am not an  that you can throw any number at and expect me to swallow it as fact. Again, you offered no fact there.

it is a fact that houses in yaba are going for 50million naira

try another line

u can argue from here till 2015, the fact remains Lagos properties/rent are prohibitive
FACT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[quote author=~Sauron~ link=topic=459274.msg6196476#msg6196476 date=1276276619]The rich Naija men pay o. . . . . .and they pay CASH DOWN - NO mortgage!!![/quote]if Nigerians are not buying, the devpts wont be springing up everywhere

how much is 330,000 USD

i laff in pidgin

we aint broke here o

Unfortunately, you'll need to tip an awful lotta crooks cos there are thousands of Nigerians that own homes worth N500M and above in the Lagos/Abuja axis. F.Y.I there are at least 20 houses that are worth at least N1b ($65m) in the Old Ikoyi/Banana land & Maitama/Asokoro axis. Asiwaju's Bourdillon road palace was valued @ 1.2b; Otedola's palace off Ojora Road, about same price. Keem Bello-Osagie's @ Ikoyi, 1b. Arumemi-Johnson (owner of Arik Air) has a spectacular edifice in Lekki phase 1 that is valued at nearly 1b too, so also is Leo Stan-Ekeh's (owner of Zinox Computers) Victoria Island so-called 'digi-mansion'. Andy Uba's Maitama castle cost N1.2b. . .it goes on and on. And of course the king of them all = Mike Adenuga's all- white 'Versailles' @ Banana Island, valued at N3b! So there are too many properties in Lagos and Abuja that cost N500m and above. Even in Ikeja G.R.A and Shonibare Estate there are quite a few of such. It's all outrageous and ridiculous, but thats just the way it is. Lets just keep hoping and praying.

he/she doesnt know anything!!!!!!!!!!

Lagos/Abuja properties are a no go area if ure broke

Kobojunkie:
ROFLMAO!!!

So, what you have been trying to say is that you expect to spend Naira 20 million on building each unit but looking to sell each  at 50 million? Essentially, you espect people to purchase properties in Yaba at $333,000 each? WOW!!!

The problem i have with you is your penchant to argue when

1) you do not know

2) you ask questions based on some pre-conceived notions

3) even when faced with facts, you think its untrue


you can say wow cos i know lagosians say wow for paying 450k per annum for dingy 3 bedroom apartments in most parts of Lagos

Lagosians have been saying wow for the rising cost of properties in Lagos

as a matter of fact, the units in Yaba are selling fast and will be sold off even b4 end of august ( construction is not completed o)

continue shouting wow, ur mates dey buy houses , u dey sit for yankee dey shout wow

u never holla

Kobojunkie:
I am sorry but I don't buy into that "I KNOW LEKKI SO LEKKI IS A PICTURE OF ALL OF LAGOS" mindset. Again, the vast majority of the population of that state continues to LIVE in the slum areas of the state. And the rent in those areas are still lower than your average there. Do the math. What does average mean?

the 50 units estate im talking about is in Yaba
i know about other areas apart from Lekki

yaba is not in lekki

I am sorry but maybe you should type your retorts in, yes, ENGLISH, that bit there confused me a lot.

So, let me make sure I have this right.
Are you saying to build an estate of about 50 units, it will cost about 20 million per unit?

If yes, I assume that will include cost of land, right? Are you saying you will spend about 20 million to build a unit(1000(20 X50) Million for a 50 unit estate)and turn around and sell each unit for how much?

madam, if u want to know
ask questions and stop blabbing

cost per build is a lingo/vocab in real estate dvept

20m will be the cost to build one >>> 50 units will give a billion
meaning the total capex is N1billion

the 20m per unit includes land and the other amenities that will be enjoyed in the estate

50m * 50 units =?
? minus 1billion = goldmine

if u sabi maths