ceelog:


A coach was added mostly then 1 and half block at the back before the dpc. The road is tarred and the level of the compd permits drainage. It's high enough for me.
Take a look below

mufutau55:


An Asset is something you own, it does not have to generate income.

Hajji M.

segzy14:


Sir, is car an asset?

keziah123:

Yes.

segzy14:

mufutau55:


I have a friend who bought a house few years ago but not livable until now because of some evil spirit crying in the house at night everyday.
He is a notorious religious person... but no Imams and Pastors are able to get rid of the spirit o. I told him we have to get Babalawo involved now o, but he no gree yet.

Hajji M.

segzy14:


Sir, is car an asset?

bixton:
Assets generate revenue.
Liability take away.
A private house is not an asset.
A car used as a taxi or on hire purchase is an asset.

bixton:
Assets generate revenue.
Liability take away.
A private house is not an asset.
A car used as a taxi or on hire purchase is an asset.

segzy14:

Sir, is car an asset?

bixton:
Assets generate revenue.
Liability take away.
A private house is not an asset.
A car used as a taxi or on hire purchase is an asset.

jabolo:


Hi Danny, can't seem to find an email address for you. Please share here.

spyder880:


This discussion is always shifting, because I believed KolaShangOne asked about investment, now what is the difference if any, between an investment and an asset?

Are all assets investments?
Are all investments assets?

We're all learners here.

rabcnesbit:


With reference to the bold text. I beg to differ. Though it might not generate an income, it will appreciate in value (capital gain). An asset is something that generates an income or/and appreciates in value. For example, gold bought and kept does not generate an income, but you will agree it is an asset because it eventually appreciates in value. Using you 'car used as taxi or hire purchase' for example, you state it is an asset because it generates income, but you will agree it depreciates in value.

Rubbiish:

Let me quickly correct something, an asset is something that is useful, not necessarily sth that generate revenue. Car is a big asset, the clothes u put on are assets. But u still spend money to buy detergent to wash them, but they cover your body. Same apply to car, because it take care of your movement, whether private or public. Anything that is useful to u at all is an asset, it doesn't have to generate income, as long as it add value to your life & serve a purpose, it becomes an asset. To me this thread is an asset, i can't recall the amount of knowledge i have gained from this thread. Hence the reason many of us visit it daily for update, because the information on here are useful.

rabcnesbit:
Okay, maybe we have fallen into the trap of conflating asset with investment, as there is a subtle difference between the two. As per the English dictionary, an asset is a 'valuable person or thing, something owned by a person, company, etc' (so your wife can be an asset . An investment is 'an outlay of money, effort, resources etc usually for income or profit'. So all investments can be classed as assets (valuable and owned), but not all assets can be classed as investment (not for income or profit)

bixton:


If there are any estate management professionals here they can come up with a response.
This topic is slightly two way traffic. Houses have a depreciation value. It's the land that actually appreciates.

EgunMogaji:


It's actually very easy.

Draw two columns on a paper and label one column Asset and the other Liability. Now start putting items in each column

rabcnesbit:


I beg to differ again sir. A house will appreciate, just simple economics! Will you be able build a house today for the same amount you built it 10 years ago, or will you be able to build a house in 10 years time for the same amount you build for it today!

rabcnesbit:


But we (or I) are not talking about assets and liability, but assets and investments

twinskenny:
So many empty houses in lekki phase 1.... why?

EgunMogaji:


True, BUT once you identify those two then we can start talking about investments. An investment is simply an asset that is expected to gain value.

Yes?

rabcnesbit:


Not necessarily sir. That old photo of yours when you were still a young fine handsome guy chasing the ladies that you cherish so much and secured away so it does not get lost or damaged is very valuable to you (so an asset to you), but it will not increase in value as it is not valuable to anyone.

EgunMogaji:


No be only you my brother.

We actually had a mixer onsite but it packed up.

When you guys do this, do you have spare mixers on hand or you resort to manual labor in case of a breakdown?

diordaves:


GoodFaith please face reality. I know this idea has been propounded here before and I think it is championed by Egunmogaji, but to tell you the truth, it's a difficult sell.

A solar pumping contraption is just a pumping machine that uses solar. You still need to solve the problem of good water pressure at home. You can't get good water pressure upstairs from a 4ft stand with our normal GeePee water tank. You would need a specialist pressure tank and a compressor.

So your solar pump will pump water into the pressure tank and the compressor will pressurize the tank enough to send water upstairs. This is less safe as there's the risk of explosion. Then there's the set up cost. This can set you back by 1m easily. The solar pump is going for N280k right? A 500Ltr pressure tank can go for N500k, then the compressor machine and running cost.

If this was a mental health issue like having a phobia of very tall free standing objects, I would say go for it with all you've got. But because you said it just for aesthetic, I would say it's not a good idea.

We should all strive to build a functional home. What's aesthetic without functionality.