Oyindamolah:
Your annual rent shouldn't exceed your two months salary. If it does, you're in the wrong apartment.

I do tell my friends, if one month income can't pay for your rent, problem don dey already, you just don't know it yet.

All these isonu and unrealistic quotes

sukkot:
so a nigga earning 20k per month need to look for a 40k per anum rent. where will you find that

I lived in a self-contain in abuleegba for 7 years. Moved this year.

48k per annum.

Amos1423:
I am shocked to even know that peoples rent can be up to 100,000 monthly... you people are ritualist oo. remember those days in the streets of ikpa road, how I'd run to catch up programs in the studio... how much my pay for the both work wey I dey do? 30,000. I could barely feed nor pay transport not to talk of living in Lagos

Na the Ikpa Road I dey like this, immediately I get my degree this year, I'm permanently relocating to Abuja where my family is and my dad owns a house and land. I think I'll serve there too.

bigiyaro:
as if as the houses in nassarawa are cheap.

They are, u can get good self contained for 70k per year.

dettolgel:
Salary 4500 pounds and two bedroom apartment 1800 pounds per month.

lol how do u people save for investments. Only rent took 1800, what of water bills, electricity bills,phone bills, groceries and other miscellaneous expenses. Looking like a rat race to me sorry to say that.

Oyindamolah:
Your annual rent shouldn't exceed your two months salary. If it does, you're in the wrong apartment.

Fact

Oyindamolah:
Your annual rent shouldn't exceed your two months salary. If it does, you're in the wrong apartment.

With all the problems, Owomida landlout, aka Tinubu, his boys and girls, are causing in Lagos, your rent becomes insignificant when you consider that more than 4 months of your salary find its way into his bullion van.

I live and die by this rule 100 percent.

In fact, one month salary should foot your rent.

Amos1423:
I am shocked to even know that peoples rent can be up to 100,000 monthly... you people are ritualist oo. remember those days in the streets of ikpa road, how I'd run to catch up programs in the studio... how much my pay for the both work wey I dey do? 30,000. I could barely feed nor pay transport not to talk of living in Lagos

500,000 that is my one room and parlor in Lagos, if I want to marry, I will need a two bedroom apartment, 750,000 and above. If its an estate you will need 1.2m and security fee of 120,000 per year.

That is why marriage is not easy in Lagos, except you are politic or working some oil companies or big bank/companies, paying your rent in 2 months is though, but if you can pay in less than 3 months then you can still keep up.

pstemma1990:
Abuja doesn't have any problem, u can live in Nasarawa and still work in Abuja, Majority of people working in Abuja are living in Niger and Nasarawa... But u will have to leave ur house early in order to beat traffic.

The only problem is the hold up. Living in Nasarawa and working in abuja is hell, even for people who own their own cars.
I wish they'd just create an alternate route and free up that Abuja Keffi expressway.

Please, which state, location and analysis is this your saying based on?

Oyindamolah:
Your annual rent shouldn't exceed your two months salary. If it does, you're in the wrong apartment.

Oyindamolah:
Your annual rent shouldn't exceed your two months salary. If it does, you're in the wrong apartment.

Oyin ur bumbum big o .

Offpoint1:
Some use 7months of their salary for rent just to maintain status quo.

Later such a person would be wondering why he has no savings

Lagos state govt are making a mediocre development,they just select some side for development which is the highland,they should also focus on badagry expressway,agege,iyana ipaja axis,so investors,companies,banks,malls eateries,real estates will be running towards there,with this hold up will reduce,there will be job over there,which means if u leave in a affordable house,u will still pay less for transport if u have a job in ur area

My yearly rent is just 250k and I stay in a very expensive part of Lagos mainland, Lagos is not easy at all

WantsandMore:
The problem becomes exacerbated due bad transportation systems and inefficiency moving from point a to point b if not, one can comfortably live in ibadan board a speed train or any other efficient transport systems to work without delay to Lagos same day. But you see those recketty busses, those ones go just mk dem sack you first of resumption, no cap.

Shouldn't exceed your two months income not salary

250 - 300k?
Na face me I face you house??

Rubyjade:
Okay, salary 100k house 150k
Job location, Victoria Island.
House location, Sangotedo, Awoyaya.

Transportation 2k daily=52k

House at igbo efon, agungi, osapa, ilasan and chisco 250-300k
Transport N600 =15k

I don't know but please if you pass mathematics in school you can help

Nairalander248:
Mine is 1month on the spot.. Na Woman remain to marry�

na self con be that na, except u dey work for big office

pstemma1990:
Abuja doesn't have any problem, u can live in Nasarawa and still work in Abuja, Majority of people working in Abuja are living in Niger and Nasarawa... But u will have to leave ur housre early in order to beat traffic.

Which majority? And i know when you talk about Nassarawa and Niger you mean Marabá and Suleja. Can you be living in Suleja and working in Wuse, Central area, Maitama?

20 percent of my annual salary is my annual house rent and it's not too bad. That's little above 2months pay.

Positivepoint:



150k+52k=202k
300k+15k=315k

Difference 315k-202k=113k

Hold up and other things. Disadvantage also

Dont live far away you working place. It does not make sense.
You will be stressful every working day.

Mercury12:
Lol its like working for landlord.
Some areas in abuja and Lagos residents can relate

This is not possible.

That is if your monthly salary is 1m, then your annual(yearly) rent is 200k?

There is no guy earning 1m monthly that is living in 200k per year apartment

Even the organization you work won't allow it.

IyaTola:
My yealy rent is about 22% of my annual income. I live in a 2 bedroom apartment in Alimosho LGA, Lagos. The environment is decent and I look forward to becoming a landlord in the same area. All the other tenants knew somehow that I don't belong among them. Living below your means is possible sometimes but the pressure is high & I wasn't "really comfortable" either. All depends on you & your goals.

Nigeria will humble you..the cheap house you're looking for does not have vacancy in the location where you work, now what do you do? and even the pay for the job can't meet your needs 50%..the system is happening to all of us, that's just the truth.. how many jobs pay over 100k today

You made a lot of sense . Amazingly, inflation had eaten up that small take home sef. Rent too had gone up considerably cos landlords don dey para cos of high cost of living. E don reach everyone.

I say amen to that house you're hoping for. Just keep the faith alive and above all, vote wisely oo. Dem no dey tell pesin. Bigotry doesn't solve any problems and every decision we make will either make or mar us.

That's why pa jakande will always be in our minds. This wasn't the lagos template drawn by pa jakande which tinubu hijacked and edited to suit his selfish gains. By now, had the template been followed, housing in lagos would have been so affordable and available today. I say again, vote wisely.

Issues everywhere
Check out twitter issues now. Only God will save it

Meet the twitter guy, hear is story to sucuss, and his Twitter issues now


https://www.youtube.com/watch?v=ry8NFkBerq8

Rubyjade:
Okay, salary 100k house 150k
Job location, Victoria Island.
House location, Sangotedo, Awoyaya.

Transportation 2k daily=52k

House at igbo efon, agungi, osapa, ilasan and chisco 250-300k
Transport N600 =15k

I don't know but please if you pass mathematics in school you can help

The second option is far better. With a 100k salary, and house annual rent of 150k, monthly rent comes to 150/12= 12.5k, daily transport =2k, monthly =50k total expenses on rent & transport =12.5+50=62.5k. Balance from salary = 100-62.5=37.5k, NOTE I used 50k instead of 52k as that gives us 25 days, same as in the 2nd option which was calculated for 15000/600= 25 days. For Option 2, monthly expense from rent = 300/12=25k, transport monthly =15k total =40k, 100k less rent & transport= 60k. So, with the extreme rent of 300k per annum, it's much better in 2nd option. You would be saving 22.5k monthly. Quod erat demonstrandum

alex2much:
Not correct

Lol

Most high paying jobs are located on the island in Lagos

The very few good paying job on the mainland are around Ikeja and the likes

Which high paying job can you get in Badagry, ojo, ikorodu, et al

Positivepoint:



150k+52k=202k
300k+15k=315k

Difference 315k-202k=113k

It is meant to be annual transport fair. 15k per month, replicate by 12months is about 180k per annum while 52k by 12months is about 624k. Add to the annual rent, Igbo-efon is cheaper and more economical.

Oyindamolah:
Your annual rent shouldn't exceed your two months salary. If it does, you're in the wrong apartment.

This statement is only valid in Nigeria. My rent is more than half my salary.