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Nairaland Forum / Nairaland / General / Properties / Lagos Proposes ‘rent To Own’ Home Policy (22808 Views)
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Re: Lagos Proposes ‘rent To Own’ Home Policy by talktimi(m): 11:48am On Jul 09, 2014 |
AWESOME POLICY. This is how Nigeriar housing policy is meant to be run especially by state governments though with the active involvement of mortgage institutions |
Re: Lagos Proposes ‘rent To Own’ Home Policy by Nobody: 11:50am On Jul 09, 2014 |
People it only applies to government owed properties. Lagos State is going to be renting out its properties in line with this. It is like a mortgage scheme, the rent paid basically is like you paying monthly installments. After the agreed number of years that it takes it pay off the house ownership then goes to the tenant. It is a good scheme as only high income earners usually qualify for bank mortgages. The government houses will be of different prices so people can choose the one they can afford. |
Re: Lagos Proposes ‘rent To Own’ Home Policy by Vavavoom(m): 11:56am On Jul 09, 2014 |
Our problem has never been policy formulation but policy continuation. What will happen when the opposition takes over is all too clear and expected. For the interest of the masses policies such as the one in proposition should be agreed on by the government of the day with input from the opposition and signed off on a long term basis. PDP opposition in Lagos should look at the document in question and come up with measures to improve the policy. This way the risk associated with such investment will be further lowered and the urge to recoup investment quickly by investors will be withered. No one will put their money in an environment of policy flip-flops, at least not for long term. Once citizens can afford the basics because of non-partisan and CLEAR policy formulation by government and contribution from the opposition then corruption, that which we all seek to end(reduce drastically) will diminish consequently from amongst the governed. The incentive to partake in corrupt practice is fueled by lack of basic necessities. Once an okada rider understand that he has a government ( opposition and ruling) that cares enough to formulate policies that covers him to own a decent house that he can pay mortgage on for a long term period he will be less inclined to the lure of know social vices. The same can be argued for the fish seller, the mechanic and other hardworking citizens making up the larger populace. These policies in themselves should be CLEAR and PROTECT the interest of the teeming social climbers on the lower rungs of the economic ladder. There will be little use if the effort by Fashola ends up in continued stratification of the weak with no measure of a future climb. The society must find a way to identify those in NEED - citizen demographic! Who needs what measure of help, and for how long?. We can get out of the present decay/slump IF we choose to begin to plan conscientiously and not wait, hope to arrive at our desired destination. We need to realize that there's so much work to be done, and that we must have in place an effective follow-through plan for a stipulated timeline as to measure our progress. Let's start with knowing how many we truly are in number... |
Re: Lagos Proposes ‘rent To Own’ Home Policy by ruemu(m): 12:22pm On Jul 09, 2014 |
the move is great...looking clearly you would see a ploy to organise the informal sector tax system in lagos.. it mean more tax eko i lee |
Re: Lagos Proposes ‘rent To Own’ Home Policy by 9jatatafo(m): 12:42pm On Jul 09, 2014 |
Gov Fash wants to use this to calculate how much this group of people is making so that he will tax them. All na wash! |
Re: Lagos Proposes ‘rent To Own’ Home Policy by Ayanfe01(f): 12:48pm On Jul 09, 2014 |
I pray it work ooooooo! |
Re: Lagos Proposes ‘rent To Own’ Home Policy by oskaaay(m): 12:58pm On Jul 09, 2014 |
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Re: Lagos Proposes ‘rent To Own’ Home Policy by Nobody: 1:02pm On Jul 09, 2014 |
Good move by the LASG... but why wait for years before you can call a house your home when you can easily get a plot of land with existing boys quarter @ okoko for just #5 million -Receipt and survey -Proximity to alaba market and LASU -Suitable for building residential flats for teeming masses around the axis -Available for inspection immediately Contact: 07057416624 or send a PM..cheers |
Re: Lagos Proposes ‘rent To Own’ Home Policy by anitank(f): 1:18pm On Jul 09, 2014 |
It's about time.. When is it starting. I'd love to participate too 1 Like |
Re: Lagos Proposes ‘rent To Own’ Home Policy by DeGreatWon: 2:02pm On Jul 09, 2014 |
Kudos to Fasola. He is about to take advantage of Islamic Mortgage. Unlike conventional banks, the Islamic mortgage is on "rent to own" scheme. As your pay your monthly rent, you are paying up for your house simultaneously. If Islamising the Lagos housing scheme will give all Lagosians affordable houses, I am totally in support. Other Nigerians should take advantage of Islamic Finance. You can contact me if you want to know about numerous advantages of Islamic Finance over conventional banking models. 1 Like |
Re: Lagos Proposes ‘rent To Own’ Home Policy by Dreamflyin(m): 2:08pm On Jul 09, 2014 |
Alpet: Oshe! 1 Like |
Re: Lagos Proposes ‘rent To Own’ Home Policy by sunboy(m): 2:50pm On Jul 09, 2014 |
BRAV0O: pls what ar u trying to insinuate ? he is Ibo. Don't get bothered, they don't own the east anymore na South West dey own. |
Re: Lagos Proposes ‘rent To Own’ Home Policy by armadeo(m): 3:36pm On Jul 09, 2014 |
If you think that you'll pay rent to one landlord at egbeda and claim the house after some years you have another thing coming. This scheme is for govt owned houses ONLY. The idea is good but let's see the houses. PS I wouldn't go to ikorodu just to be a house owner. |
Re: Lagos Proposes ‘rent To Own’ Home Policy by fightforchange1(f): 5:14pm On Jul 09, 2014 |
Dope!!!! |
Re: Lagos Proposes ‘rent To Own’ Home Policy by fightforchange1(f): 5:14pm On Jul 09, 2014 |
fightforchange1: Dope!!!! Awesome |
Re: Lagos Proposes ‘rent To Own’ Home Policy by vivaciousvivi(f): 5:20pm On Jul 09, 2014 |
" Your money will be saved monthly and put in the scheme"...really? We no do! 1 Like |
Re: Lagos Proposes ‘rent To Own’ Home Policy by vivaciousvivi(f): 5:22pm On Jul 09, 2014 |
Dreamflyin: Your occupation abi? We understand. Your secret is safe on Nairaland. |
Re: Lagos Proposes ‘rent To Own’ Home Policy by neupert(m): 7:48pm On Jul 09, 2014 |
I just visited their site and was shocked to see that a room and palour goes for 4.34 million in odoragunshin (my mom's village) http://www.lagoshoms.gov.ng/?u=d1&dd=27
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Re: Lagos Proposes ‘rent To Own’ Home Policy by gistmelove(m): 8:13pm On Jul 09, 2014 |
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Re: Lagos Proposes ‘rent To Own’ Home Policy by Dreamflyin(m): 10:27pm On Jul 09, 2014 |
vivaciousvivi:..and what's bad with being a driver? Fake peeps. ..but like seriously, drivers riding hire purchase earns that much and boozes Kai kai? |
Re: Lagos Proposes ‘rent To Own’ Home Policy by ibedun: 10:49pm On Jul 09, 2014 |
Boss13: BOSS13 - you no go die well. Tell me which part of Lagos state other than Lagos Island your federal government develop? Eastern Marauder, why not go unravel the secret government in Anambra and those backward places before you open your gub here. And why is Igbo people the only ones complaining of tribalism in Nigeria? I seldom hear Hausa, Yoruba and other ethnicity complaining about tribalism. It is high time Yorubas started responding "Yes I am a tribalist cause I love my people and will protect my ancestral land" Yeye dey smell 2 Likes |
Re: Lagos Proposes ‘rent To Own’ Home Policy by somwills007(m): 6:51am On Jul 10, 2014 |
Nice one |
Re: Lagos Proposes ‘rent To Own’ Home Policy by Danearlsz(m): 1:51pm On Jul 10, 2014 |
yeye man, hw does d@ ends lasu strike, i doubt if hez a lagosian, stupid fella... mtcheeeeeeew |
Re: Lagos Proposes ‘rent To Own’ Home Policy by hermosa(f): 3:19pm On Jul 10, 2014 |
Hopefully this scheme will come to abuja…. |
Re: Lagos Proposes ‘rent To Own’ Home Policy by vivaciousvivi(f): 5:45pm On Jul 11, 2014 |
Dreamflyin: Who is fake? My friend sharrap dia! |
Re: Lagos Proposes ‘rent To Own’ Home Policy by Dreamflyin(m): 8:58pm On Jul 11, 2014 |
vivaciousvivi: Haa.. peeps just love wahala oo. Go hide please, grand ma. Hubby and kids needs attention nah. |
Re: Lagos Proposes ‘rent To Own’ Home Policy by vivaciousvivi(f): 9:18pm On Jul 11, 2014 |
Dreamflyin: Hubby and kids already taken care of little one! |
Re: Lagos Proposes ‘rent To Own’ Home Policy by Dreamflyin(m): 8:48am On Jul 12, 2014 |
vivaciousvivi: Taa bu Saturday, please go do chores, madam. |
Re: Lagos Proposes ‘rent To Own’ Home Policy by vivaciousvivi(f): 9:03am On Jul 12, 2014 |
Dreamflyin: Chores ke? How can when I am a "grand ma"? Yeye! |
Re: Lagos Proposes ‘rent To Own’ Home Policy by HeadwayEvents(m): 10:17am On Jul 17, 2014 |
Alpet: Governor Babatunde Fashola of Lagos State on Tuesday said his administration would soon start a new policy that would enable Lagos residents to own their homes after paying rents for a specified period of time. |
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