It is good to be diversified, have a business or a marketable skill, invest in real estate, Treasury bills, Eurobonds and the stock market.
The most important thing is to invest in things that generate residual income, they keep on generating money whether we are there or not, whether we are sick or no more. We also need to consider inflation.

A 3 bedroom flat around airport road Lagos was about 60k per annum in 1994, but you will need a minimum of 600k to rent that same apartment in 2019.


A time will come when we will not be strong to hustle and struggle for jobs and businesses, when we will not be able to pay rent again, that is why it is important to have a plan B on how to own our modest house, so that we will not saddle our children with the responsibility of paying our rent when we get old and frail.


We have a housing deficit of about 18 million housing units in Nigeria, anyhow we see there will always be a demand for decent accommodation for the teeming population of Nigerians.
It is very important for something urgent to be done about the overpriced properties in Nigeria.

ahiboilandgas:
The back and forth is as result of people been in different investment stage and having various sum....u can't tell a family man of 45 having 200m not to own a house of 30m for his family to rent .but a 30 years old single guy with 10m can fix all in tb

Having liability is not an issue. Knowing its a liability is d key. Having a car is a liability but some people see it as an asset. Will u now say because its a liability u wont use a car? Liabilities and assets are needed in a man’s life. Knowing the difference and balancing the 2 is one of d keys leading to successful wealth creation.

emmanuelewumi:
It is good to be diversified, have a business or a marketable skill, invest in real estate, Treasury bills, Eurobonds and the stock market.
The most important thing is to invest in things that generate residual income, they keep on generating money whether we are there or not, whether we are sick or no more. We also need to consider inflation.

A 3 bedroom flat around airport road Lagos was about 60k per annum in 1994, but you will need a minimum of 600k to rent that same apartment in 2019.


A time will come when we will not be strong to hustle and struggle for jobs and businesses, when we will not be able to pay rent again, that is why it is important to have a plan B on how to own our modest house, so that we will not saddle our children with the responsibility of paying our rent when we get old and frail.


We have a housing deficit of about 18 million housing units in Nigeria, anyhow we see there will always be a demand for decent accommodation for the teeming population of Nigerians.
It is very important for something urgent to be done about the overpriced properties in Nigeria.

God bless u sir

tumababa:


Having liability is not an issue. Knowing its a liability is d key. Having a car is a liability but some people see it as an asset. Will u now say because its a liability u wont use a car? Liabilities and assets are needed in a man’s life. Knowing the difference is one of d keys leading to successful wealth creation.

some body say owing a modest house to live is a liabities so I help him out with other necessary libilities ...me also buy tokunbo cars and sell for profit as a side hustle too

If you have the opportunity to be gifted a house by your parents, make sure you save and invest what you would have been paying as rent every year and see the fortune you must have built within 15 to 20 years.

Barrytone:

Building that house with your basic capital is wrong. Grow the capital before using the proceed of your business to build a house. Dont take your first 50m to build a house, after the house what else? Grow the money in a risk free portfolio and get a stand alone duplex and still keep change. In few years you can use your profits to buy or build a house with your capital intact. I own houses and a regret owning them too early, they bring little or nothing to the table and as a speak what they bring is still the money i invested, no sight of interest in many years to come. I have one tenant that is due out by 31st of October, i pray he leaves in peace but am sure he wouldn't. I will pay a lawyer and lawyer has advise we get a "bailiff". Front the outside of the house i can see damages to the building already. Meanwhile, my tbills interest and maturity drops unannounce even to me most times. I am a kind of person that dont have time, always too busy so any day i spend dealing with a tenant other than getting rent is a big minus to my life.

Me and my Mum were talking about purchasing a 6 bedroom flat earlier this year for around 45M until we sat down and thought

Tenant wahala, cost of renovation if we are to get anything tangible as rent, maintenance and most importantly the amount we will be losing over the course of 12 months when compared to T-bills. Found out that for each year rent is collected, we will be losing more than 5M when compared to investing that money in T-bills plus the fact there's no compound interest on a house.

Also, in 10yrs time, the house value won't really increase significantly.Found out it wasn't the best form of investment

StellarThesis:


how many houses does Warren buffet have?

This house argument can be likened to other archaic advices that dont work in the present economy. our parents told us go to school, study hard and get a good job. That does not apply now. The education system is not even at par with the new type of jobs which are springing up. So what your kids learn in primary school would be obsolete when they get to secondary school.

same with houses. Go to Abuja and see empty houses losing money daily. Why would I use 75m to buy a house because of the social tag of landlord? if I invest that money in businesses ot even bills my profit or interest is more than enough to rent a duplex in a choice part of town.

Yes the house appreciates in value, but that argument only holds water of you intend selling the house which most people dont because of cultural connotations that come with owning a house.

My best bet is buying land or developing the property half way and selling off. Not waiting for rent that may take you 20 years to recoup your capital talkless of profit.

las las na next of kin go squander the money

Lol

Bill Gate's house is estimated to be worth 127-154m dollars. That's 46-56 billion naira.

Even our own Dangote has a yacht worth 16 billion naira.

It's not just about Tbills or answering landlord.

There are many advantages of owning your house or business place. Some of these advantages have been named elsewhere especially those from ahiboilandgas.

Owning your house or Business place also ensures more stability.

A notice to quit could be issued to you at any time coupled with many restrictions in rented apartment especially if the landlord resides there too.

Do you know there are apartments that your brother or visitor can't sleep over? or visitors can't come at certain times?

There are apartments you can't buy certain properties or install certain gadgets like solar etc.

But you can design your own house as it pleases you. You can own and keep pets too.

I want a place I can go out and come back by 2 am without queries or pleadings.
A place i can go out and remotely open my gates for my visitor even 1000km away.

Some have high BP when landlord is around because of his troubles.

80% of people who have lived in their homes and enjoyed the freedom may not want to rent again.

Maybe you haven't experienced it. (Just like I used to brag about my rickety manual car until I drove a friend's automatic car).

Life is meant to be enjoyed. All human efforts are geared towards increasing happiness or reducing suffering. Life is meaningless. We are only here to be happy.

You sound like the type that switches off the ignition in traffic to save fuel.

MAY GOD GIVE US MORE MONEY TO AFFORD SOME LUXURY.

ahiboilandgas:
some body say owing a modest house to live is a liabities so I help him out with other necessary libilities ...me also buy tokunbo cars and sell for profit as a side hustle too

That fellow is very right cos that house u live in and do maintenance on is economically,a liability!
But from a social point of view,u might not see it as that.

Barrytone:

Building that house with your basic capital is wrong. Grow the capital before using the proceed of your business to build a house. Dont take your first 50m to build a house, after the house what else? Grow the money in a risk free portfolio and get a stand alone duplex and still keep change. In few years you can use your profits to buy or build a house with your capital intact. I own houses and a regret owning them too early, they bring little or nothing to the table and as a speak what they bring is still the money i invested, no sight of interest in many years to come. I have one tenant that is due out by 31st of October, i pray he leaves in peace but am sure he wouldn't. I will pay a lawyer and lawyer has advise we get a "bailiff". Front the outside of the house i can see damages to the building already. Meanwhile, my tbills interest and maturity drops unannounce even to me most times. I am a kind of person that dont have time, always too busy so any day i spend dealing with a tenant other than getting rent is a big minus to my life.

Oga Barry, the idea of GROWING THE CAPITAL is relative, thus evasive.

50m is a good sum, but it might still need to be grown.

It depends on the person involved. Even 1 billion might still need to be grown depending on who is involved because the person involved might desire a house worth 700m.


Even when you grow it to 2 billion, you might still say "grow it more... ad infinitum.

Mind you, nothing is guaranteed.

You might invest the money in business and one single government policy or misadventure will send you to the streets.

ahiboilandgas:
the wife u marry and kids u have are also libilities,just put everthing in tb and become a priest (zero liabities)

lol abeg oo

Even our old parents too, they are liabilities. After all they don't generate money now! lol

NL1960:


You should learn to read well and comprehend before responding to a post. We are talking of young people here just starting life and you are giving an example of Bill Gates. At what age did Bill Gates own his house?. Who is talking of being big here?. When you want to give an example, give an example of a young Nigeria. Iam sure your next example will be Michael Dell.

Young people starting a life is relative. So is the house in question. At what point along the continuum do they qualify?

At what point do they become ripe to now own a home.

Linda Ikeji allegedly bought a house worth 850m in her 30s.

Forget. No hard and fast rule. We can as well kill our old sick parents because they are now aged and bring no income. Or like ahiboilandgas says, throw away our wives and kids.

They are liabilities.

Finelinks:


Oga Barry, the idea of GROWING THE CAPITAL is relative, thus evasive.

50m is a good sum, but it might still need to be grown.

It depends on the person involved. Even 1 billion might still need to be grown depending on who is involved because the person involved might desire a house worth 700m.


Even when you grow it to 2 billion, you might still say "grow it more... ad infinitum.
Mind you, nothing is guaranteed.

You might invest the money in business and one single government policy or misadventure will send you to the streets.

I want to agree with barry on this, we Nigerians are so possessed with the ownership mentality. if i knew what barry just said 10 years ago, i would be super rich today. The truth remains its good to grow ur money and use the proceeds to build a house or invest in real estate. i do not support jumping into buying a house and then start looking for money to grow ur business. Again what Barry is saying is grow ur money like an apple tree and use the yield to reinvest. it makes sense to invest in both money funds and real estate. But do not start with real estate with the believe that your money would just start growing. Start with T-bills, stock and Eurobond.

Finelinks:


Lol

Bill Gate's house is estimated to be worth 127-154m dollars. That's 46-56 billion naira.

Even our own Dangote has a yacht worth 16 billion naira.

It's not just about Tbills or answering landlord.

There are many advantages of owning your house or business place. Some of these advantages have been named elsewhere especially those from ahiboilandgas.

Owning your house or Business place also ensures more stability.

A notice to quit could be issued to you at any time coupled with many restrictions in rented apartment especially if the landlord resides there too.

Do you know there are apartments that your brother or visitor can't sleep over? or visitors can't come at certain times?

There are apartments you can't buy certain properties or install certain gadgets like solar etc.

But you can design your own house as it pleases you. You can own and keep pets too.

I want a place I can go out and come back by 2 am without queries or pleadings.
A place i can go out and remotely open my gates for my visitor even 1000km away.

Some have high BP when landlord is around because of his troubles.

80% of people who have lived in their homes and enjoyed the freedom may not want to rent again.

Maybe you haven't experienced it. (Just like I used to brag about my rickety manual car until I drove a friend's automatic car).

Life is meant to be enjoyed. All human efforts are geared towards increasing happiness or reducing suffering. Life is meaningless. We are only here to be happy.

You sound like the type that switches off the ignition in traffic to save fuel.

MAY GOD GIVE US MORE MONEY TO AFFORD SOME LUXURY.

Apparently, what you are saying is that if you are a 30-year old man and you just got your first 10m, you will take all that money and build a house in order to answer landlord?

Even the Linda you mentioned, do you know how long she waited, even after "blowing" before she bought her house? She had money but was still living in Surulere with her parents until she consolidated her money and decided to then buy a house.

Finelinks:


Young people starting a life is relative. So is the house in question. At what point along the continuum do they qualify?

At what point do they become ripe to now own a home.

Linda Ikeji allegedly bought a house worth 850m in her 30s.

Forget. No hard and fast rule. We can as well kill our old sick parents because they are now aged and bring no income. Or like ahiboilandgas says, throw away our wives and kids.

They are liabilities.

Linda Ikeji did not buy her house with her first 850m. She already built a business and had serious reserves before buying that house.

This is why i earlier said that you have missed the discussion.

A young person see 3m in his account. The next thing he goes to Mowe or Odogunyo in Ikorodu and build a small bungalow because he does not want to pay rent or does not want landlord wahala. Then every morning, he wakes up by 4am to go to work on the Island and gets home every day by around 11pm. Then weekend, he crosses his legs in his sparsely furnished sitting room and says 'iam now a landlord'. Meanwhile, he is far removed from activities in town as he finds it too stressful to leave that interior.

Is that the kind of advise you will give a young person if he/she comes to you for advise?.

I do not have a problem with a young person having 50m and he uses 30m to buy or build his personal house. My TBs can conviniently build me a house in the outskirts of Lagos but why will i do that and then be leaving home by 5-5.30am everyday and get home by around 11pm whereas the interest from the TB can get me a decent 3 bedroom apartment that enables me to leave home by 7:30am to work and get home between 6:30-7pm everyday?.

Look at your Linda Ikeji example. Where did she buy her house?. Banana island. When she had 5m, why do you think she did not rush to Mowe or Odogunyo to build a house?.

One-Year T-Bills Yields Fall to 14.96% from 15.10%
https://businesspost.ng/2019/10/01/one-year-t-bills-yields-fall-to-14-96-from-15-10/

Grupo:


Apparently, what you are saying is that if you are a 30-year old man and you just got your first 10m, you will take all that money and build a house in order to answer landlord?

Even the Linda you mentioned, do you know how long she waited, even after "blowing" before she bought her house? She had money but was still living in Surulere with her parents until she consolidated her money and decided to then buy a house.

Facts are stated to prove a particular thing and not to prove all things.

Linda was mentioned to prove or buttress the point that building a home is not unwise.

It's not about tbills tbills.

Don't engage in ostrich evasions.

BLOWING IS RELATIVE OGA,


BY YOUR ANALOGY, Linda should have
even invested the 850m in tbills and used the
proceeds to rent a choice place and still have
change left.

Or don't you know how much she is losing? True
yield of 850m is averagely upto 145m per
annum.
She should have used 100m to rent the
best house and keep the difference.

Or doesn't she need extra money?


Even Dangote should have invested the 16bn he used in buying a Yacht in Tbills..
That would have given him circa 2.8 billion per annum.

NL1960:

Linda Ikeji did not buy her house with her first 850m. She already built a business and had serious reserves before buying that house.

This is why i earlier said that you have missed the discussion.

A young person see 3m in his account. The next thing he goes to Mowe or Odogunyo in Ikorodu and build a small bungalow because he does not want to pay rent or does not want landlord wahala. Then every morning, he wakes up by 4am to go to work on the Island and gets home every day by around 11pm. Then weekend, he crosses his legs in his sparsely furnished sitting room and says 'iam now a landlord'. Meanwhile, he is far removed from activities in town as he finds it too stressful to leave that interior.

Is that the kind of advise you will give a young person if he/she comes to you for advise?.

I do not have a problem with a young person having 50m and he uses 30m to buy or build his personal house. My TBs can conviniently build me a house in the outskirts of Lagos but why will i do that and then be leaving home by 5-5.30am everyday and get home by around 11pm whereas the interest from the TB can get me a decent 3 bedroom apartment that enables me to leave home by 7:30am to work and get home between 6:30-7pm everyday?.

Look at your Linda Ikeji example. Where did she buy her house?. Banana island. When she had 5m, why do you think she did not rush to Mowe or Odogunyo to build a house?.

Facts are stated to prove a particular thing and not to prove all things.

Linda was mentioned to prove or buttress the point that building a home is not always unwise.

It's not about tbills tbills.

Don't engage in ostrich evasions.

GOING BY YOUR ANALOGY, Linda should have even invested the 850m in tbills and used the proceeds to rent a choice place and still have change left.

Or don't you know how much she is losing? True yield of 850m is averagely upto 145m per annum. She should have used 100m to rent the best house and keep the difference.

Or doesn't she need extra money?

AS PER THE 5M blah blah blah, everyone does not live or work in Island. It's not a desideratum.

Finelinks:


Facts are stated to prove a particular thing and not to prove all things.

Linda was mentioned to prove or buttress the point that building a home is not unwise.

It's not about tbills tbills.

Don't engage in ostrich evasions.

BLOWING IS RELATIVE OGA,


BY YOUR ANALOGY, Linda should have
even invested the 850m in tbills and used the
proceeds to rent a choice place and still have
change left.

Or don't you know how much she is losing? True
yield of 850m is averagely upto 145m per
annum.
She should have used 100m to rent the
best house and keep the difference.

Or doesn't she need extra money?


Even Dangote should have invested the 16bn he used in buying a Yacht in Tbills..
That would have given him circa 2.8 billion per annum.

This why i said you are missing the point of discussion. Nobody here arguing against using your first capital or using your 'tasere' money to build a personal house is saying it is all about TBs. The point being made here is that when you have low funds and you as a young person needs to choose building a personal house and investing in TBs, you should choose TBs in order to grow the funds in a less risky manner. If you cannot understand this simple flow and logic of this discussion then it means you are just arguing blindly. You have moved from Bill Gates to Linda Ikeji and now to Dangote. You keep mentioning people that have have made it through growing of their money.

Did Linda Ikeji just woke up one morning and saw 850m to buy the house or did Dangote just woke up one morning and bought a Yatch?. They all grew their money over time. There are people who grew their money through business, TBs, Bonds, stocks. Iam yet to see a person who grew his/her funds through the building of his/her personal house with initial capital or with 'tasere' money.. If you know of such a person, let me know.

Finelinks:


Facts are stated to prove a particular thing and not to prove all things.

Linda was mentioned to prove or buttress the point that building a home is not always unwise.

It's not about tbills tbills.

There is no one size fits all when it come to investment, and I believe no one want to win this argument. Be it building for investment, TBill or what have you. Have a plan and follow it diligently. Each has its pros and con. I started building my first house in my home town a yr after my youth service and it took me 5 whopping years to complete, in the process I learnt some lessons but no regret, it made me wiser and thought me some lessons as well. Later on in life when I moved to Lagos and met an entirely different terrain. I could recall going on bended knee with my money at hand but my then landlady won't allow me to renew my rent. Never knew that was the standing rule in that house. You can't possibly stay more than 2yrs even if you work in CBN. Moving from one house or area has its effect on family, children's education etc. I was lucky to have heard of Tbill early in life. Luckily a better house directly opp her's was put up for sale, what did I do, I liquidated my entire Tbill investment and bought the house. It came at a cost, but I had to prove something to the woman. The fulfilment that comes with owning your own house can't be quantified, It was like a rebirth and I can plan better not to mention the huge respect you gain from the society. So let every one chart a course he/she believe is best and walk the talk.

Finelinks:





Facts are stated to prove a particular thing and not to prove all things.

Linda was mentioned to prove or buttress the point that building a home is not always unwise.

It's not about tbills tbills.

Don't engage in ostrich evasions.

GOING BY YOUR ANALOGY, Linda should have even invested the 850m in tbills and used the proceeds to rent a choice place and still have change left.

Or don't you know how much she is losing? True yield of 850m is averagely upto 145m per annum. She should have used 100m to rent the best house and keep the difference.

Or doesn't she need extra money?

AS PER THE 5M blah blah blah, everyone does not live or work in Island. It's not a desideratum.

Where in Lagos can 5m build you a decent personal house that is close to the major business districts?.

DigitalMallam:


There is no one size fits all when it come to investment, and I believe no one want to win this argument. Be it building for investment, TBill or what have you. Have a plan and follow it diligently. Each has its pros and con. I started building my first house in my home town a yr after my youth service and it took me 5 whopping years to complete, in the process I learnt some lessons but no regret, it made me wiser and thought me some lessons as well. Later on in life when I moved to Lagos and met an entirely different terrain. I could recall going on bended knee with my money at hand but my then landlady won't allow me to renew my rent. Never knew that was the standing rule in that house. You can't possibly stay more than 2yrs even if you work in CBN. Moving from one house or area has its effect on family, children's education etc. I was lucky to have heard of Tbill early in life. Luckily a better house directly opp her's was put up for sale, what did I do, I liquidated my entire Tbill investment and bought the house. It came at a cost, but I had to prove something to the woman. The fulfilment that comes with owning your own house can't be quantified, It was like a rebirth and I can plan better not to mention the huge respect you gain from the society. So let every one chart a course he/she believe is best and walk the talk.

You had already consistently built up your funds through TBs before you bought the house and not that you just used your initial capital to purchase the house. Moreover, having already built a house over a 5 year period, you already had some life experiences.

Sold!!!

I can categorically say that this thread and the stockmarket thread https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick are the two best thread in nairaland. Have learnt a lot from you all contribution. God bless you all and happy independence.

DigitalMallam:


There is no one size fits all when it come to investment, and I believe no one want to win this argument. Be it building for investment, TBill or what have you. Have a plan and follow it diligently. Each has its pros and con. I started building my first house in my home town a yr after my youth service and it took me 5 whopping years to complete, in the process I learnt some lessons but no regret, it made me wiser and thought me some lessons as well. Later on in life when I moved to Lagos and met an entirely different terrain. I could recall going on bended knee with my money at hand but my then landlady won't allow me to renew my rent. Never knew that was the standing rule in that house. You can't possibly stay more than 2yrs even if you work in CBN.

Moving from one house or area has its effect on family, children's education etc. I was lucky to have heard of Tbill early in life. Luckily a better house directly opp her's was put up for sale, what did I do, I liquidated my entire Tbill investment and bought the house.




The fulfilment that comes with owning your own house can't be quantified, It was like a rebirth and I can plan better not to mention the huge respect you gain from the society.




So let every one chart a course he/she believe is best and walk the talk.

NL1960
grupo
ahiboilandgas (see what you have beem saying. Another has confirmed it.

NL1960:

This why i said you are missing the point of discussion. Nobody here arguing against using your first capital or using your 'tasere' money to build a personal house is saying it is all about TBs. The point being made here is that when you have low funds and you as a young person needs to choose building a personal house and investing in TBs, you should choose TBs in order to grow the funds in a less risky manner. If you cannot understand this simple flow and logic of this discussion then it means you are just arguing blindly. You have moved from Bill Gates to Linda Ikeji and now to Dangote. You keep mentioning people that have have made it through growing of their money.

Did Linda Ikeji just woke up one morning and saw 850m to buy the house or did Dangote just woke up one morning and bought a Yatch?. They all grew their money over time. There are people who grew their money through business, TBs, Bonds, stocks. Iam yet to see a person who grew his/her funds through the building of his/her personal house with initial capital or with 'tasere' money.. If you know of such a person, let me know.

Guys please lets argue our point without insulting ourselves. please.

Finelinks:


NL1960
grupo
ahiboilandgas (see what you have beem saying. Another has confirmed it.

Stop mentioning me.

DigitalMallam:


There is no one size fits all when it come to investment, and I believe no one want to win this argument. Be it building for investment, TBill or what have you. Have a plan and follow it diligently. Each has its pros and con. I started building my first house in my home town a yr after my youth service and it took me 5 whopping years to complete, in the process I learnt some lessons but no regret, it made me wiser and thought me some lessons as well. Later on in life when I moved to Lagos and met an entirely different terrain. I could recall going on bended knee with my money at hand but my then landlady won't allow me to renew my rent. Never knew that was the standing rule in that house. You can't possibly stay more than 2yrs even if you work in CBN. Moving from one house or area has its effect on family, children's education etc. I was lucky to have heard of Tbill early in life. Luckily a better house directly opp her's was put up for sale, what did I do, I liquidated my entire Tbill investment and bought the house. It came at a cost, but I had to prove something to the woman. The fulfilment that comes with owning your own house can't be quantified, It was like a rebirth and I can plan better not to mention the huge respect you gain from the society. So let every one chart a course he/she believe is best and walk the talk.

Trust me in some ways renting is cheaper, it comes with its pros and cons.

Finelinks:


NL1960
grupo
ahiboilandgas (see what you have beem saying. Another has confirmed it.

me know this na since 1999 ,I bought my first land at 23 years 720k built in 2004 100 by 100 , I didn't have enough money the next was up for sale for 800k didn't have money but I was sure it will blow ....it was sold for 15 m in 2016 it pain me , I also build a house on my own in 2006 ...my Neigbour are house of rep members ,commissioner ,above average people ....i never regret that move my dad praised me my bq was built for 3m in 2006 is now on rent for 500k , I made the 3 m back since .....it not for all areas sha and must not be Lagos

Whatever rocks your boat, ride it. The points have been made and from the discussion so far, I believe many had already decided which path to tray. I must say that I have personally learnt greatly and have chosen my path already too.
Thank you guys for sharing your experiences and knowledge. The wisdom here is enormous!!!

NL1960:

This why i said you are missing the point of discussion. Nobody here arguing against using your first capital or using your 'tasere' money to build a personal house is saying it is all about TBs. The point being made here is that when you have low funds and you as a young person needs to choose building a personal house and investing in TBs, you should choose TBs in order to grow the funds in a less risky manner. If you cannot understand this simple flow and logic of this discussion then it means you are just arguing blindly. You have moved from Bill Gates to Linda Ikeji and now to Dangote. You keep mentioning people that have have made it through growing of their money.

Did Linda Ikeji just woke up one morning and saw 850m to buy the house or did Dangote just woke up one morning and bought a Yatch?. They all grew their money over time. There are people who grew their money through business, TBs, Bonds, stocks. Iam yet to see a person who grew his/her funds through the building of his/her personal house with initial capital or with 'tasere' money.. If you know of such a person, let me know.

Suffering from DK effect?
I asked you a simple question.

Why did linda buy a house?

Why didn't she invest it in Tbills to get 145m per annum, then use 100m to rent choice house and keep 45m?


Or she didn't need extra money?


You were busy citing names i used in context, out of context.

Is that how you read? You cherry pick?

Gosh!

ahiboilandgas:
me know this na since 1999 ,I bought my first land at 23 years 720k built in 2004 100 by 100 , I didn't have enough money the next was up for sale for 800k didn't have money but I was sure it will blow ....it was sold for 15 m in 2016 it pain me , I also build a house on my own in 2006 ...my Neigbour are house of rep members ,commissioner ,above average people ....i never regret that move my dad praised me my bq was built for 3m in 2006 is now on rent for 500k , I made the 3 m back since .....it not for all areas sha and must not be Lagos

Thanks jare.

They are just busy shouting tbills tbills. One the other day said he doesn't entertain visitors and doesn't visit too because of tbills.

He doesn't go out too. Nothing at all.

He sees everything as liability.
Grim.

Finelinks:


NL1960
grupo
ahiboilandgas (see what you have beem saying. Another has confirmed it.

Go back and read his post. He did not use his first capital to buy the house. He bought from proceeds of built upTBs.

You are still missing it or have refused to understand. Nobody is saying you should not buy a house but do not use your first capital to do it as
young person. Na wa for comprehension o. Shuooo.