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Nairaland Forum / Nairaland / General / Travel / Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. (68173 Views)
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Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by Bossman(m): 1:59am On Apr 27 |
I see a lot of talk about not owning the house until after 30 years. Not totally correct. A good percentage of us pay off these mortgages in half that time or less. Same thing with our vehicles. We pay them off in way less than half of the terms of the loan. Building very good credit is very critical. One thing the most advanced and developed countries of the world have in common is, a very god credit system. It enables and empowers its citizens. The lack of this is one of the myriad of things binding Nigeria back. |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by onatisi(m): 2:00am On Apr 27 |
chyzoo4u:One thing about this story which we are not looking at is that from this story ,this couple were already rich in Nigeria before travelling . They are not the hustling type of couple with no money The man was financially ok likewise the woman . Plenty boys and girls dey Naija doing business with 120m and above and they are not noisy. So the couple can combine together to buy their first house easily or doing anything they want 1 Like |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by ceejayluv(m): 2:03am On Apr 27 |
Proserpina:Na UK oo... One year? ... Anyway, they did well enough to have sufficient credit score in a year. They must be earning a middle class income too. |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by Legalese(m): 2:04am On Apr 27 |
Big congrats to them. It is obvious they werent suffering in nigeria and went there with some fonacial and probably educational advanyage that was able to earn them decentlypaying jobs over there. And then the credit system is better than that of Nigeria in terms of application. I think the penultimate paragraphis paramount. Go when you're conviction and spirit leads you to do so. You can dream big and achieve big things in Nigeria as well; you just st have to be willing to do the work. In their case, their qill was outside and they did the work and manifested their dream life. It is possible in Nigeria, albeit slightly harder due to the economic and social volatily briught avout by terrible policies. Nevertheless, it is Possible. chyzoo4u: 1 Like |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by Nairalander248: 2:37am On Apr 27 |
Some sh!theads are looking for pursuing their hubby out of their homes while the more sensible ones are doing bigger things with their hubbies |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by Mcslize: 3:04am On Apr 27 |
uncleck: ariesbull will never see all these good testimonies o. |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by OGHENAOGIE(m): 3:10am On Apr 27 |
uncleck:the Libya own to Italy nobi small risk ooo but u have a point sha... These guys are organised than us |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by Intrepid01(m): 3:13am On Apr 27 |
Don’t let anybody put you under pressure, you can buy a house under 1 year in UK, US or Canada. This is because properties are purchased via mortgage, you don’t have to pay all at once. All you need to do is save up down payment, which is always around 5-7% of the total value. This means that if you want to buy a house of $400k, all you’ll need would be about $20k plus other fees that might make total expenses get close to $30k, using Canada as an example. The remaining payment on $400k would be spread across 25 - 30 years for the owner, thereby making a monthly mortgage payment of about $2k. So when you hear that someone has purchased a house abroad, it is not the same as Nigeria, where you have to have the whole money before you can buy. Infact I can tell you that most things people buy abroad are bought on credit. I just bought IPhone 15 pro max, the cost is about $2200. Anybody from Naija that sees it in my hand would think I made outright payment, but that’s not true, I paid about $200 down payment in total and I’ll be paying $100 per month till the payment is complete. So guys don’t let anybody put you under pressure. You’re doing well. 3 Likes |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by livinbygrace: 3:27am On Apr 27 |
chyzoo4u: Which work you he dey do ,to have gotten that within 2yrs?The more you look the less you see. |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by TariDisemi300: 3:37am On Apr 27 |
Eriokanmi:nah. You negroes amaze me |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by poiu44: 3:40am On Apr 27 |
Ghh |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by Ademighty01(m): 3:48am On Apr 27 |
This is totally bad |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by davidtemi(m): 3:52am On Apr 27 |
Mindlog:He needs to answer this question, or else... Naso e easy Omo if no be shady stuffs... |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by ikeasogwa: 3:56am On Apr 27 |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by Abagworo(m): 4:04am On Apr 27 |
Obakoolex: The real problem with Nigeria is insecurity and dirty environment with poor infrastructure. Anytime I want my brain to be happy I just do a short vacation with my family to Europe. 1 Like |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by quadraheem(m): 4:09am On Apr 27 |
Why do we like to deceive Nigerians about all these house ownership? These people will not come out and tell the truth that it is not an outright purchase but a mortgage financed house and it will take them decades to completely pay the money. Ownership of houses in Nigeria is mostly outright ownership. |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by donogaga(m): 4:22am On Apr 27 |
Eriokanmi: And you think you are actually rich? Smh. |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by Goalnaldo(m): 4:27am On Apr 27 |
uncleck:you are right about businesses 1 Like
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Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by ukaface(f): 4:30am On Apr 27 |
Kalvan:Hiaaa You wan flog me? |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by Mindlog: 4:48am On Apr 27 |
idahme: I live in the UK, reason I am asking him. 1 Like |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by Angelfrost(m): 4:48am On Apr 27 |
AfahaAbia: You mean it's worse than paying rent every year for 30 years in Nigeria without ever owning your own house?!! ![]() I keep telling you guys that what you claim to be enjoying here in Nigeria is low tax subsidized living which isn't normal, and which will keep Nigeria backwards. The day courageous leaders will wake up and decide that enough is enough... Many of you will realize that all these comparisons make no sense. 4 Likes 1 Share |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by delishpot: 5:12am On Apr 27 |
Mindlog: I even thought he had bought a house in the UK and is living the life Fe up there. But My guy say "once I step into the UK" 1 Like |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by christopher123(m): 5:26am On Apr 27 |
IS IT OUTRIGHT BUYING OR MORTGAGE? I DOUBT THIS STORY.....NA VALIDATION U DEY SEEK chyzoo4u: |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by christopher123(m): 5:27am On Apr 27 |
WE PLAN HERE AND BUILD, MORTGAGE IS NOT HOME OWNERSHIP Angelfrost: |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by christopher123(m): 5:30am On Apr 27 |
TRUE Eriokanmi: |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by christopher123(m): 5:31am On Apr 27 |
A MORTGAGE HOME ISN'T YOUR OWN TILL FULL PAYMENT SIRTee15: 2 Likes |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by idahme(m): 5:33am On Apr 27 |
chopnaira: I know but that is the surest way to reach the apex in the shortest possible time. |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by PepeXKermit: 5:35am On Apr 27 |
chyzoo4u:A year? Hahahahaha |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by IkpuMmadu: 5:36am On Apr 27 |
EXACTLY RecentHistory: |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by saysugar(m): 5:39am On Apr 27 |
Remember me suffering here naija ! Any available work pls |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by UnfairLife7(m): 5:42am On Apr 27 |
CluelessMODS:a dead man abroad is better than a living man in Nigeria |
Re: Nigerian Couple Buys A House 2 And Half Years Of Moving To UK. by franchasofficia: 5:42am On Apr 27 |
cococandy:Most of you guys are misinterpreting and misunderstanding people's criticisms of this story which most Nigerians love to tell without details just to make people feel that they are now big. Yes they are better now paying mortgage than paying rent, but they should not make it look like they now own a house in the UK 100% when it's actually a mortgage house. Say it as it is: We have got our mortgage house after 3 years in UK or US or Canada and nobody will question or criticize you, but coming out with the bragging title: "we now own a house" when it's actually a mortgage house is deceit. A lot of Nigerians (business owners mostly) can afford to buy outrightly, a detached or semi detached duplex in the UK, US, Canada or any other western country if not for certain factors. Mortgage houses favor married women abroad than men, so any Nigerian married man abroad hurrying to get a mortgage house when he hasn't acquired enough properties and investments in Nigeria and in other African countries is nothing but a fool that will leave to regret it sooner or later. Only married Nigerian ladies abroad celebrate mortgage house, real Nigerian married men abroad don't celebrate such feat unless they have invested enough back home, it's not a wise decision for a married Nigerian man to do, unless your wife is working and ready to contribute 50% or more for the mortgage. Houses are costlier in highbrow areas in Nigeria than it is in US, UK, Canada, etc. The money used to buy just 1 plot of land in Lekki phase 1 will buy a semi detached duplex in Houston, Birmingham, Dallas, Atlanta, Halifax, etc. The money used to buy a plot of land in Ikoyi or Banana Island will buy a celebrity mansion in most US, UK, etc cities. Many Nigerian business owners are richer and financially better (without stress) than most Nigerians abroad, but the issue in Nigeria is the recent level of insecurity and inflation brought upon Nigerians by useless Buhari government and continued by Tinubu's stolen regime ![]() If not for insecurity, nothing would have made me to live outside Nigeria permanently, unless they will make me President of that foreign country ![]() If not for insecurity and high inflation in Nigeria now, anybody that owns his own successful business in Nigeria is far better off living in Nigeria than migrating abroad to do 5/9. Imagine if $1 = NGN250, and £1 = NGN310, tell me why someone that makes a profit of between NGN700,000 to NGN2,500,000 monthly should relocate abroad? Talk more of those that make above 2.5million monthly after expenses without stress or worries? In as much as I encourage young Nigerians of today to relocate abroad if they see an opportunity to leave legally, let's not make it seem like those back home are in horrible state when in reality, most in Nigeria are doing far better than those abroad legitimately. Na insecurity and Naira depreciation by useless APC led governments since 2015 destroyed Nigeria and made it hopeless ![]() ![]() 1 Like |
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