₦airaland Forum

Kobojunkie:
ah!! Na that one be the NEW lOCATION of the goal post?

hehehehe
thats the only way to deal with u people
shift the goal post

You come here dey tell person crap as if you dey talk to people wey no know anything. I just siddon dey watch you bounce from one moot point to another waiting for you to land. lol

chei, na me u finish like this

nyways, ill start thinking about it

i'll personally look for u in Ohio so you can put me through the whole process

[quote author=~Sauron~ link=topic=459274.msg6190655#msg6190655 date=1276197471]Don't go without telling me the schitzo about Bemstar[/quote]if u go to Canary wharf, u go see Bemstar for there

Kobojunkie:
I am with @Catwoman, Stop moving the goal post.

Nothing, I repeat NOTHING stops a person on Pounds 4000 a month from owning as many properties as he/she wants. Many people living here in America own numerous properties on less than that amount. It is business and if you are not on it, I suggest you get in fast. Heck, I just saw the show 17 and still counting , and even they make ends meet that way. Not sure why it would become an issue when it comes to owning property in NIgeria.

@Tkb, Property bust in Nigeria has not been even 15% as bad as it has been in the rest of the world. Heck, rather than a bust, there was a rise in demand last year, I believe, only later in the year did the trend slow down.

chei, KOBO
i like ur style

u'll let me dissipate all energy to fight Sauron and co, u will now creep in when im tired
lol, its late in 9ja, illl start with you tmr


property bizniz? ill start when im rich

dayokanu:
Ozil na sure starter but I would advise you look for goal scoring midfielders so you wont repeat that your favourite position

lolololol

OK OOO

ese adupe for all inputs

fight don finish

buzugee:
LOL tkb that ya friend sauron has created these 'lofty deeds' in his head to compensate for the fact that he is in an internet cafe in mushin. even steven wonder can see through his bullsheet.

Sauron is a professional in the street of London

we'll are arguing, no need to tow that lane

@Jaybee
u don come to support ur friends in diaspora abi?

at least Bemstar is the only odd one amongst u people
shes sticking with me

Ok sauron

truce

Bemstar and Dayokanu

This is not an accting classroom o

[quote author=~Sauron~ link=topic=459274.msg6190552#msg6190552 date=1276195874]Are BLACK CARDS the only NO LIMIT cards AMEX offer? Abeg, you dey disappoint me.
AMEX writes to every personnel in ma office to come take their offer but this inglorious animal called BUGUZY who knows next to nothing wants to tell me about AMEX.[/quote]cool down

wetin dey worry u

when u come 9ja, i go block all the babes from u o
relax

dayokanu:
Without access to loans, and no side kicks The 4,000GBP a month guy cant build a house in Lekki in a 3 yrs

LOL

the whole din started from the 4,000 GBP thingy
it was u , Sauron and Kobo that slotted the side kick assumptions to it

nyways, fair enuff

good debate

i had you, sauron, Kobo, and some others fighting only me

i won

thanks to bemstar for her support

You are the bigger retard here. . . . . .
Common sense evades you like a lunatic that you are and your IQ is NOT higher than your shoe-size.
Only a doofus will open his mouth in a public forum that only celebrities like Jay-Z can have no-limit credit cards.
Mr Dolt, Black Cards are not the only NO LIMIT Credit Cards AMEX offer their customers. . . . .

Their GREEN CARDS and GOLD CARDS are all NO LIMIT and please stop lying to us. . .A shoe-shiner like yourself battling mosquitoes every night knows no one working in AMEX.
Useless troglodyte - any lunatic can come here and boast he knows so so and so. . . .Who else do you know? Bill Gates?

dude easy

black card holders aint just anybody. Ok?
at least the ones ive seen.
relax with ur curses o
wetin dey worry u

Dayo the guy tht auction cars could afford it cos of his bizniz
not because of his 4,000 GBP work

thats my point
haba

and its 3 houses in Lekki Phase 1 we are talking about

dayokanu:
What you stated above looks more like a Income and Expenditure statement for the year, Have you considered other income(Biz in naija)

In the guys balance sheet, have you considered balance brought forward from prior yr, Account receivables from his debtors in naija etc

guys lets be fair
no other side kicks in here

we dont want other biz theories, its shifting goal post

we are working with 4,000 GBP per month
olojoro

You are clueless. . . . .
American Express gives 'no limit' credit cards yafun yafun to the expats in my company.
If you don't know about stuffs, don't yap your mouth on a public forum.

why havent u asked for the 'no limit' credits

Sauron, someone on this thread works for citibank London
stop saying what u dont know

What makes you think he cant be fired and the income sef becomes a variable

A= B(Fixed) + c(x)

e be like say the cold for america don dey take ur pwC skills

the risk for the bank is when u get fired hence the'll pray u dont get fired

any other ish is unacceptable to the bank

u have a right to the mortgage on what u earn and not what u claim u can make in 10 yrs

How do you know at what rate the debt is being serviced?
TKB. . . . .This is about the 10th time you are assuming like Newton.
Won't you stop this Shekpe?

why wont i know the rate at which the debt will be serviced

are u high? that is known to everybody in Nigeria
ask and ill tell u.

It might be difficult in the US but not in Nigeria cos Naija economy is not that regulated and we have lots of flunctuations and underprized assets.

oga what are u saying?

most assets have lost value since the liquidity issues started in Nigeria
so what tells u if u bring 100,000 to 9ja now, u will make money?
what?

even ur banks that were once money makin machines were in red when financials were released

oil traders are groaning under exchange risks, so what sector are u talking about?
even ur computer villa and alaba people don gentle
no gawk urself

2CatWoman:
@ tkb417

Why keep moving goalposts?

No business investment is guaranteed but people take (calculated) risks and hope to reap future dividend.

LOL
it was sauron and DK that came with the goal post shfting strategies
i have to play the game like them na

[quote author=~Sauron~ link=topic=459274.msg6190387#msg6190387 date=1276194114]Even in fixed deposit?
TKB. . . . . . .What are you drinking na?[/quote]fixed deposits of 22% and ur servicing d debt for more than 22%
what are u yakking?
if u dont understand this thing, wont u ask questions

My own point is that if he invested the saving of 5yrs of yansh cleaning jobs into something. In the Nigerian Stock Exchange boom of 2007-2008 some people made 1000% profit in weeks. Ask Tkb.

Even there are some financial Instruments folks invest in within Nigeria that yield good returns.

Before we now go into the informal sector like investing in agriculture(Poultry etc) investing in transportation. Do you know some properties yielded over 200% profit withing one yr of purchase in that same Ngeria

and what makes u think if u invest 100,000 in a biz in Nigeria or anywhere else, u will reap money?

how are u sure about that?

ure talking about 07/08 when people made money, didnt the same people lose all what they made in 08/09?
bros, base ur assumptions on tangibles. The only fixed variable here is the income
all other side kicks are unverifiable assumptions that canot be modeled into this schitzo

2CatWoman:
Would they not service most of the debt by getting some tenants?

In essence you are making the assumption that all 5 properties are VACANT i.e UNRENTED? lol
I mean you would have to make that assumption to come to the conclusion above.

are we talking about debt financing or mortgages here?
lets be clear

4,000GBP over a long period of time will own 3 houses in Old Ikoyi(never mind Lekki).

ignorance will not wound u

bemster gave u a teaser
deal with it

every pseudo-math-head that has posted so far, have I missed it or has everyone ignored the fact that if the so-called £4000 a month-earning-dude has these 5 houses all over the globe (that are debt financed), there's no way he's going to be able to service all the debt based on his take home pay alone.  
Yes, in the UK and US you can get cheap credit, but at what price? And not forgetting that if you are in the upper echelons as the dude arguably is, your NI and tax is about 40% and if you are in finance industry, its virtually knocking on 50%,
I don't mean to be pedantic o, but these are salient points that you math-heads have failed to touch on IMHO

hahahahah
u sabi book
show them pepper
LOLOLOLOL

i trust u na

ude, stop vascillating please!!! Can we please stick to dealing with the one POINT? I came in on you trying to figure out how a person witha 4000 pound monthly income can afford properties in Lekki. Can we finish up there please? If you want to know of how mortgage companies work outside of Nigeria, feel free to investigate that but I think we need to finish one thing.

is this one alright?
read up

did u see when i told Sauron to always be quick to add the 3 houses in lekki to his equation
was i arguing about mortgages in yankee?
whats she talking about?

the only issue here is the houses in lekki

don't care if Abijo Lekki is worse than Ajegunle.
Lekki is Lekki and if you peruse the link i provided, there's a 5-bedroom terrace house @ Golden Park Estate for 35 milla only.
35 X 3 is not 240 million Naira.
Try again. . . .

Golden park is not in Phase 1 nor phase 2

Lekki is not Lekki

just like VI and Isale eko are not the same

Whatever mortgage is, i believe anyone making 4000GBP a month can have 5 beautiful properties in Lekki.
Little did you know there are mortgage companies here in the UK selling houses in that very Lekki/Ajah. . .

This is a public forum
u people just gave assumptions that u need side kicks to own properties in UK, europe and Lekkii
4,000 GBP will not own 3 houses in Lekki

Actually, banks do take into consideration your savings when giving out loans. Maybe it does not work that way down in Nigeria but here it is actually a boost when you do have some good amount in savings.

is the savings some some of collateral which cannot be touched?

when they give u consumer loans to buy goods and its tied to ur bank savings and no lien is placed on the money, so what security do they have?
mortgages are tied to ur income

simples

WHy should the savings to be considered just that amount. What about people who already have enough in savings and only need to borrow, say $20,000. And pray tell, why can't a person worth 240 Million not borrow from a bank. Dangote is supposedly worth billions and he has some serious debts in the banks to take care of(if he has not already done so).

do i need a classroom and chlkboard to teach u peeps?

Mortgage is not a consumer loan where the cash is wired to ur bank
mortgage is tied to ur income abi na to ur savings?

78. PROPERTY: A 4-bedroom bungalow on a plot 684.515m2 at Abijo fronting Lekki – Epe Expressway, with Gazette, going for N18m {Eighteen million naira only}

83. PROPERTY: A wing of 5bedroom terrace house at Golden Park Estate Lekki, going for N35m {Thirty five million naira only}

84. PROPERTY: 5 bedroom bungalow on a fenced 2 plots of land at Awoyaya, Ibeju – Lekki going for N13m {Thirteen million naira only}

http://www.bunchbay.com/classified/ads-nigeria/NICE-PROPERTIES-FOR-SALES.-2-889-zfm13.html

I repeat, not all houses in Lekki are 80 milla.

abijo lekki after Lagos Business School

Iyana Ipaja is better than Abijo Lekki

TKB, That my cousin wey come Naija for 2008, On Monday Chase bank called him and offered him $100,000 credit.

ol boi tell the guy to call me sharpish make we double the money asap

Imagine what addiditonal 14milla if well managed can turn to in 5 yrs.

You sef think am with all the finacial knowledge you have, Money doubling skills you have e.g bodog , Govt connections in lagos and Ogun

If I give you 14milla now in 2015 if you dont have 3 terrace houses in Admiralty or Lekki phase 1 then I would sacrifice you to the gods of the hills

true talk
ok u guys don winn

Hey bemster, You come highly recomended from Smith Barney.

My name is Dayokanu and I dont know tkb, Sauron or eldee can I,

hehehehe

relax o. smith Barney bawo

Are you also working under the assumption that this person will only have ONE YEAR to get this money or is the person allowed to apply savings accrued over years of working at this job as well?

its irrelevant

if u have savings worth 240milla, will u go on borrowing from a bank?
and even if u want to borrow, the bank will not grant the request based on ur bank balances they cannot control but the residual earnings of the loan applicant

Not all houses in Lekki are worth 80 milla Naira.
3 houses in Lekki could be 30 milla.

terrace houses in yaba goes for N50milla

even in Badore far from Ajah, u cannot get 3 houses for 80milla not to talk of 30milla

How do you know?
Are you into housing/properties?

i have a loan calculator for a mortgage facility with a UK bank in 9ja

i know what the down payments is and i know the kinda house someone who earns 1m per month can take

so relax bro