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How Much Rent Is Too Much For Someone Who Earns 100k A Month - Properties (3) - Nairaland

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Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by hustla(m): 7:54am On Nov 22, 2018
jydebiz:
If your rent is more than 30% of your earnings then it is too much. I am a realtor and that's a professional advise.

How much do you advice?
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by foxykiss(m): 7:55am On Nov 22, 2018
me as a person,I won't take a rent I can't pay with my one month salary,
Taking a fresh rent is always easy but repaying after the first year is always very difficult, speaking from experience..

7 Likes

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by chloride6: 7:56am On Nov 22, 2018
OP
You are taking advice from people who don't live in Lagos.

You are on the right track my brother.

All the people saying 2 months blah blah don't spend 5 hours in traffic to and fro.

Someone was saying some built a house in ikorodu within 3 years.

You want to live in ikorodu and work on island ?

Especially when you have a job where you close around 8?

My brother enjoy your life.

How did you secure the apartment?

I need to move to Yaba this week.

My blood pressure is higher than my father's .

Can you imagine?

33 Likes 1 Share

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Nobody: 7:56am On Nov 22, 2018
Bro just do what makes you happy and comfortable.
Build your career and earn more so you can save more.
Peace!!

2 Likes 1 Share

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by tetralogyfallot(m): 7:57am On Nov 22, 2018
jydebiz:
If your rent is more than 30% of your earnings then it is too much. I am a realtor and that's a professional advise.
isn't 30% too much bro?
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by EZEBEL: 7:58am On Nov 22, 2018
ogawisdom:
It's too much, u will work 3 months for your landlord u self think am.

Maximum should have been 200k esp if u are single

stupidity at its peak, sound like APCshit person and you ever intend to be a landlord one day grin grin

1 Like

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Lordseyad(m): 7:59am On Nov 22, 2018
cnonyechi:
funny enough in reality its not seen dat way i earn less dan 70k a month married with 3 kids my husband does bussiness (electronics) my rent in Festac is 400k kids termly fees 124k and den der is feeding, electricity, transport, clothing, travel and other expenses. but they r all met timely. My kids are well infact over fed they have every gadget they need to be happy.
Infact typing this just made me realise dat God has been sustaining i and my Family and i give him the praise. So its not about the mathematics in it becos all dos calculations can fail u its about ur standing with God. phil.4 - 19.
Am not making the money but am living the life through the grace of the Almighty God.
And i still SAVE.
NOTE
I have never spent more than 2000 for treatment and hospital for my kids. From January till date i and my family have never been to d hospital.
ITS ALL GOD THE GREAT PROVIDER AND PROTECTOR
You just said your husband is a business man...

11 Likes

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by tetralogyfallot(m): 7:59am On Nov 22, 2018
foxykiss:
me as a person,I won't take a rent I can't pay with my one month salary,
Taking a fresh rent is always easy but repaying after the first year is always very difficult, speaking from experience..
gbam
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Olalekank(m): 7:59am On Nov 22, 2018
Meklex:
I earn ×3 of what you earn and I still live with my parents. If you can get a roomie or squat with a relative and save for the first few years.
Boss, abeg no offense, what job is that?
How can I also get the connect?

1 Like

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by donshady(m): 8:00am On Nov 22, 2018
IbrahimDamola:
God no go let me dash up to 3 months of my annual salary give landlord. God forbid.
If I earn just 100k per month, I will stay in self-contain abeg.

Many of you enjoy life so much you find it easy to throw away what you should save for rainy days. What will you tell your kids in future if you can't meet their needs because you wasted money during your youth.

I saved 73% of what I earn for the past 5 years I plan to make money next year and save 90% of what I earn for the next 10 years after I expand my hustle.

To save money sweet die, once I look my account balance, hunger go disappear and my belle go dey sweet me.


You need to wake up man and live life. You might die tomorrow and your money will go **********

8 Likes 1 Share

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Bluehill1051: 8:00am On Nov 22, 2018
ufotty2001:
I earn 100k in port Harcourt here.. We are 3 in number that collect apartment.. Annual spend 35k for rent.. To me as far as you are not married yet.. U don't need to spend too much on rent. If you want 2 have sex look for a guest house
At a point I thought like this. Then later I found myself moving from hotel to hotel. So uncomfortable, so unstable. You'll get to a point what you really need is not sex, u need an actual woman. Someone that u can spend days with in the comfort of a place u call ur house.
Going to spend 10k+ for hotel/night, you guys will need to eat, another 10k least. You'll be tired. If it is really sex u want, go to those joint olosho have rooms like bluemoon hotel in akwaibom

7 Likes

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by ogawisdom(m): 8:00am On Nov 22, 2018
Optimist88:
But the landlord has worked for him for a year!

try and get sense biko

1 Like 1 Share

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Nobody: 8:02am On Nov 22, 2018
cnonyechi:
funny enough in reality its not seen dat way i earn less dan 70k a month married with 3 kids my husband does bussiness (electronics) my rent in Festac is 400k kids termly fees 124k and den der is feeding, electricity, transport, clothing, travel and other expenses. but they r all met timely. My kids are well infact over fed they have every gadget they need to be happy.
Infact typing this just made me realise dat God has been sustaining i and my Family and i give him the praise. So its not about the mathematics in it becos all dos calculations can fail u its about ur standing with God. phil.4 - 19.
Am not making the money but am living the life through the grace of the Almighty God.
And i still SAVE.
NOTE
I have never spent more than 2000 for treatment and hospital for my kids. From January till date i and my family have never been to d hospital.
ITS ALL GOD THE GREAT PROVIDER AND PROTECTOR

I would Kindly like to know how much your monthly expenses per month with 3 kids, because Schools in Festac is not a joke except you are sending your kids to Public schools. less than 70k is too small.

Because your Husband may probably be making more money than you think, Have you ever sat down to calculate every single expense, ONE BY ONE?

8 Likes

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by HenryThegreat1(m): 8:03am On Nov 22, 2018
chloride6:
OP
You are taking advice from people who don't live in Lagos.

You are on the right track my brother.

All the people saying 2 months blah blah don't spend 5 hours in traffic to and fro.

Someone was saying some built a house in ikorodu within 3 years.

You want to live in ikorodu and work on island ?

Especially when you have a job where you close around 8?

My brother enjoy your life.

How did you secure the apartment?

I need to move to Yaba this week.

My blood pressure is higher than my father's .

Can you imagine?
Don't mind them jor
Tell me area in Yaba where u can see a mini flat less than 250k - 300k
Even here in Ogba self contain is between 180k - 250k


1 Like

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Nobody: 8:03am On Nov 22, 2018
Meklex:
I earn ×3 of what you earn and I still live with my parents. If you can get a roomie or squat with a relative and save for the first few years.
u still live with ur parents shocked, even I as a lady stopped living with my parents after nysc. Whatever rocks your boat tho

10 Likes

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Meklex(m): 8:04am On Nov 22, 2018
missdee384:
u still live with ur parents shocked, even I as a lady stopped living with my parents after nysc. Whatever rocks your boat tho
I am saving for my own house.

4 Likes

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by cnonyechi(f): 8:04am On Nov 22, 2018
Lordseyad:
You just said your husband is a business man...

my brother some months na story. Electronics business is not an everyday thing and d profit is small. dont worry dear wat he and i make does not in any way equate wat we spend or have. Note we dont do yahoo or any shady deal its just as i posted. Its all God. if u allow God into ur life he will take to to heights u never imagined. look no child of God lacjs or beggs dir bread.I am a living teatimony

8 Likes 2 Shares

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by DaRuud(m): 8:04am On Nov 22, 2018
That depends on the kind of apartment and the facilities if has , if its a self contain . hmmmmmm , but if its a One bedroom with light and water , then 300k is okay


marshborn:
Good evening nairalanders, I earn 100k a month which amounts to 1.2 million per annum.
I just secured an apartment in yaba which cost 300k per year. I chose yaba because of its proximity to the island which is where i work.

I want to know if the rent costs too much for someone of my status.

Am I about to start living above my means? Advice needed.
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Nobody: 8:05am On Nov 22, 2018
Lordseyad:
You just said your husband is a business man...

I tire oh, same thing I'm asking her. Women who don't even know how much their Husband is making. She's sitting there calling 70k, Biko what is 70k with 3 kids, Feeding, School + Other bills.

6 Likes

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Meklex(m): 8:05am On Nov 22, 2018
Olalekank:

Boss, abeg no offense, what job is that?
How can I also get the connect?
freelancing
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Olalekank(m): 8:08am On Nov 22, 2018
Meklex:
freelancing
Please can I send a pm?
I'd like us to talk please.
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by yemisi10: 8:08am On Nov 22, 2018
You have said it all no job is secure in Nigeria especially when is not Government job u can get fire anytime but nobody pray for that my advice save as much u can and try to cut down ur expenses since u never marry 200-250k is good enough
dotun365:
No amount is too much for rent. Comfort can never be too expensive. I don't know what kind of apartment you are staying in for 300k in yaba to give any advise. But you should be mindful of the fact that Nigeria is a rough place and anything can happen at anytime so you want to build a good buffer in savings and investment and that could mean cutting down on comfort now.
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Meklex(m): 8:10am On Nov 22, 2018
Olalekank:

Please can I send a pm?
I'd like us to talk please.
read my previous posts (10 or 11 posts back). I gave someone an answer to this question. It has Nairaland links
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Nobody: 8:10am On Nov 22, 2018
missdee384:
u still live with ur parents shocked, even I as a lady stopped living with my parents after nysc. Whatever rocks your boat tho

So you moved in with your Boyfriend, wow great to hear.

7 Likes

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Jung(m): 8:11am On Nov 22, 2018
haladadon:
I earn 194K and I don't even have a house, I squat with my uncle. I'm afraid of even spending the money. I used to sleep on the streets before with street kids.

now I don't want to leave my old lifestyle. only my dad knows I have a job. no one else knows.


renting a house is not worth it, you'll soon get lonely looking for who to marry and all that stuff.


You and those who liked your comment need psychological evaluation. Different complexes at play here. Lmao

7 Likes

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by Acidosis(m): 8:13am On Nov 22, 2018
Where in Yaba did you get a mini flat for N300k? Please don't tell me it includes agency fee, agreement, caution, etc.

You should think very well and ask questions before you pay up. It is practically IMPOSSIBLE to get a miniflat in Yaba for N300k. Ask your agent if that fee includes agency and agreement fees.

Averagely, a miniflat in Yaba goes for N350,000-500,000. When you add agreement and agency fee, it goes as high as N500k-600k.

1 Like

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by nkemdi89(f): 8:14am On Nov 22, 2018
dotun365:
No amount is too much for rent. Comfort can never be too expensive. I don't know what kind of apartment you are staying in for 300k in yaba to give any advise. But you should be mindful of the fact that Nigeria is a rough place and anything can happen at anytime so you want to build a good buffer in savings and investment and that could mean cutting down on comfort now.
I totally agree with you, safety and comfort goes together, like in my own case I was transferred to abuja recently, having spent over a decades in the east where my annual rent is less than 100, unfortunately due to proximity to my place of work, I had to consider picking a self contain , environment matters because choosing a place were I will live among the locals , couple with language barrier and security needs to be considered. I ended up renting a house inside the estate for 250 and the environment is secured, but those I left back in the east will think its expensive, funny enough I had to cut the price when telling my mum, because they are landlords in the west.

5 Likes

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by tetralogyfallot(m): 8:15am On Nov 22, 2018
skuribeebo:
no be your fault, Na your uncle gave the chance to perform non sense in his house.
I tell u
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by BIXYBABE: 8:16am On Nov 22, 2018
Come stay at my place free of charge

3 Likes 2 Shares

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by jesmond3945: 8:18am On Nov 22, 2018
cnonyechi:


my brother some months na story. Electronics business is not an everyday thing and d profit is small. dont worry dear wat he and i make does not in any way equate wat we spend or have. Note we dont do yahoo or any shady deal its just as i posted. Its all God. if u allow God into ur life he will take to to heights u never imagined. look no child of God lacjs or beggs dir bread.I am a living teatimony
gbam is only God. I spend more than my income, infact i feed people both here in abroad and home but how it is done I don't know.

1 Like

Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by semasir: 8:19am On Nov 22, 2018
Looks more like jab talks for me. Hardly will you get a conducive accommodation in Lagos maintown less than 300k.

The house owners are more of demi demons and the government so irresponsible to end the housing menace.

AroOkigbo:
Your annual rent should not be more than your 2 months salary.
So you are already on the high side.
Again, the 3 months may still fly when you consider living near your place of work.
Re: How Much Rent Is Too Much For Someone Who Earns 100k A Month by kronos1: 8:20am On Nov 22, 2018
is the 300k inclusive of agency and other charges? if yes, that's ok. but i doubt the miniflat thing at that ridiculous price.

1 Like

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