Shopping for a Home in Nigeria is a BAD INVESTMENT || Daddy Freeze Vs Very Darkish Man
Shopping for a Home in Nigeria: A Private Story
As I sat down to look at the current altercation between Daddy Freeze and Very Darkish Man, I could not assist however be drawn into the dialogue about actual property in Nigeria. The controversy about whether or not shopping for a home in Nigeria is a nasty funding or not is one which hits near residence for me, and I need to share my private story with you.
Actual property in Nigeria has at all times been a sizzling matter, with many individuals seeing it as a logo of success. However is it actually an excellent funding? Let’s dive into this matter and discover the completely different views.
The Forex Conundrum
One of many key factors raised within the dialogue is the fluctuation of the Naira in opposition to the greenback. This can be a essential issue to contemplate when evaluating the funding potential of actual property in Nigeria. Whereas property costs might appear to be rising, while you issue within the change charge, the features will not be as vital as they seem.
I’ve seen firsthand how this foreign money fluctuation can affect the worth of actual property. A property that was purchased for 40 million Naira a couple of years in the past might now be valued at 70 or 80 million Naira. On the floor, this looks like an excellent return on funding. Nonetheless, when you think about the devaluation of the Naira in opposition to the greenback, the features will not be as spectacular as they appear.
Private Reflections
This dialogue introduced again recollections of my circle of relatives’s expertise with actual property. Rising up, my mom made the choice to chop us off from our village, and it wasn’t till I used to be older that I understood her causes. My father did not have a home within the village, and staying with relations throughout our visits was lower than superb. This expertise formed my perspective on the worth of proudly owning property, and it made me notice that there is extra to actual property than simply monetary returns.
The Emotional Worth of Actual Property
Whereas the monetary facet of actual property is necessary, there’s additionally an emotional element that should not be ignored. For many individuals, proudly owning a home in Nigeria is a logo of success and a testomony to their onerous work and sacrifices. This emotional connection to actual property goes past financial features and speaks to the deeper which means {that a} property holds for people.
My Dream of Constructing a Home within the Village
Regardless of the monetary implications, I’ve at all times harbored a dream of constructing a home in my village. This dream shouldn’t be pushed by monetary acquire, however reasonably by the emotional significance of getting a spot to name my very own within the village. It could not make financial sense, however it holds immense private worth to me.
Understanding Totally different Views
As the talk rages on in regards to the funding potential of actual property in Nigeria, it is necessary to grasp that there are completely different views at play. For a lot of Nigerians within the diaspora, shopping for property in Nigeria is a manner of reconnecting with their roots and symbolizing their success. Whereas the monetary implications are necessary, they don’t seem to be the only real driving pressure behind these choices.
Ultimate Ideas
The dialogue about actual property in Nigeria is a fancy one, with each monetary and emotional elements at play. Whereas it is necessary to contemplate the funding potential of property, we should additionally acknowledge the private significance that actual property holds for a lot of people. As I replicate alone experiences and aspirations, I’ve come to understand that actual property is greater than only a monetary funding—it is a reflection of our private tales and aspirations.
