Buying a House in Nigeria is a BAD INVESTMENT || Daddy Freeze Vs Very Dark Man
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- čas přidán 16. 11. 2023
- In this video I explain the best ways to invest in houses for sale in Lagos Nigeria by discussing the recent clash between daddy freeze and very dark man.
I will like to know your thoughts also.
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We currently have off plan sales ongoing on our current project.
Location: Ivy Homes Estate Ikota
Title: Governor's Consent
Outright or 6 months payment plan
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HOUSE TYPES & PRICES:
4 Bedroom Semi-Detached Duplex + BQ
@85,000,000
Initial Deposit :#30,000,000
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4 Bedroom Fully-Detached Duplex + BQ
@100,000,000
Initial Deposit:- #40,000,000
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5 Bedroom Fully-Detached Duplex + BQ
@120,000,000
Initial Deposit:- #40,000,000
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NB: All prices valid ONLY till the end of November 2023.
This Estate has services which include:
- Uniformed Security
- Good drainage system (Zero flooding)
- Interlocked roads
- Waste disposal
- Recreational facility
- Dedicated transformers
NEIGHBOURHOOD:
- 5 mins from Chevron
- Before Victoria Garden City
- Mega Chicken Ikota
- Black bell restaurant Ikota
- Film house cinema Ikota
- iFitness Gym Ikota
Google Pin: maps.app.goo.gl/EUGDPKYosTMWL...
Google direction.
FOR MORE INFORMATION :
For inquiries:+234-905-473-2059
You can connect with me on INSTAGRAM:
/ bond_not_james
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You are Absolutely Right Bro. Most of us abroad are buying properties in Nigeria because we didn't want to stay in an Hotel whenever we come to Nigeria. Also most of us wants to bring our children to visit Nigeria and being in your own home is the most Ideal for most of us. Sometimes, buying a home is not always because of an investment. Thanks Bro for discussing this issue.
Building a house in Africa was never about financial speculation. It was about putting your root into the ground so your descendant could remember your name. Those names or surnames were used as the family's address within the city or village. Family members and children's placentas are buried as a symbol of continuity.
EX: The household of BOB or the Jacksons will keep that name for generations and nobody will dare change it. Having a household is a source of Prestige and respect. You can't go back home and sleep in a hotel, expensive or not, you can't squat, because that is a disgrace.
Build house for your papa compound. Lol
You’re absolutely right building house in the village is not financial investment but generational investment. I have tenants in my family house purely to take care of the house. Having family house in the village for me is more symbolic than anything else. My late father is buried in our family house
So the tenants are taking care of ur father? He is gone , unless ur kids go back there after a few years there'll be no one there except renters
@@tayokaratecomplete rubbish. Please stop writing things you know nothing about.
@Stanners is right. It doesn’t matter whether our kids take the houses or not, we do it because we know the meaning of it. Not every knows the deep meaning of it - just as you don’t.
When we build houses and bury our parents there, it is symbolic in our hearts and it gives us the fulfilment that we gave them the ultimate honour after their death.
@tayokarate - it is not everything people comment on. Stop commenting on things from the eyes of either ignorance or your prejudices.
Don’t let anybody tell you nothing…
BUY PROPERTIES!!!!!!!
BUY PROPERTIES!!!!!
For people in Nigeria, but for people abroad it's a waste
@@tayokaratehow do you mean it's a waste ?
@@configgur Because investing in dollars to reap a declining naira is pure waste. Simple math....
@@tayokarateIt's not a waste, if abroad let you down as a foreigner where will go?
Home sweet home Nigeria is our home...
@@tayokaratewhat is your best advice for people from the USA abroad
Until you hear what's called interest rate and inflation. If you have a house you have a house. If you don't, you don't.
You’re right. We buy a house to have a place of our own to stay while in Nigeria. I don’t care about the value. I can’t have properties in Europe then coming to my own county and be staying with families
That's because you have the money those who don't have to choose between owning abroad vs Nigeria
Simple Word of advise ; if you are looking to sell properties worth hundreds of millions of dollars to a skeptical public , take off your sunglasses so you can directly look them in the eye . As simple as that sounds, it gives you a measure of credibility
The value in this video just earned you my subscription
If my dad hadn’t built the massive mansion, he did in my village 20 years ago. I wouldn’t be going there regularly today to do my business.
You know how we feel bro. Not having a house debars many from coming home
That advice is for those who buy as an investment. Those who need a place to stay will need to buy or build a house. So Daddy Freeze is only talking based on his own circumstances.
You are a wise man. It is only a fool who thinks building a house in his home is a foolish investment. I have a lot of friends in Europe and America who have holiday homes where they spent a lot of money building. You must do things that make you happy. If it is to build a home in your village, please do.
My brothers and sisters
Property Developers is the biggest business on the Continent of Africa and Continent
Accommodation Business is the way forward
Because of Populations growth Employment Jobs investment investors coming on board
Negative Thinker don't benefit from business
Always having Negative thoughts
Boldly speaking standing Thinker are always moving forward
My brother continue your good works ❤❤❤❤❤❤❤❤❤❤
Please go to another
Africa countries
❤❤❤❤❤❤❤❤❤❤❤❤❤
I just love your honesty, you are making too much sense to me, please don’t stop talking.
One should factor in the value of the dollar itself, Understand that 1usd in 2021 is equivalent to about 1.14 usd today, Yes the dollar value of naira in 2021 vs 2023 is different, so is the value of the dollar vs the dollar itself
Keep the video coming. Nice one. Keep it coming
I agree with the fact that people should partner with developers, I am a developer myself in Abuja and of course its not always rosey but 90% of the time its the best
Let me say this cos this what oyinbo won’t tell you: buy that Diamond encrusted watch from him today for let’s say $30K pls don’t expect to get more than $5K of you sell it back to him in 6 months let alone 5 yrs. Diamond industry and value of diamonds (and most expensive brand watches) is mainly marketing hype. White man BS designed to sell you fake value. Same goes for fancy cars and designer clothing.
Thanks for this clarification. Very interesting and impressive. God bless you richly
Very good video brother keep it up
Thank you ,brother for this great education .
Awesome... You just won a subscriber, bro... Nwanne
This right here is valuable information
You hit an important point. I stay abroad but visit Nigeria frequently. The cost of homes is so high and too big for my needs. This is why most in the diaspora buy land and build themselves. It's also risky but at least when you come back you have a place to stay.
Not if someone sell it.
Exactly it's easier and more affordable to build than to buy an already made house in Nigeria. But it all boils down to personal preference for people in diaspora. Do you have any real estate project you're currently working on @kinkykoils6176?
Thanks for this valuable information.
You made alot of sense 👏 infact your vedio is one of the best have seen 👌
Well spoken brother. It’s the symbolism for having property in the village or Nigeria not about anything else.
Brother i will heed to your advices u re a Gem
You are absolutely right on point Bro.
New subscriber! This is a great topic. The best way to start in naija real estate investing at a small scale is to build a semi-detached 2 unit house where you sell one and air bnb the other (which you use the few days or weeks on ground). Ideally it should be either in Lagos or Abuja (best cash flow possibilities) but it should be viable in other major cities. The village house consideration is real and important for ndi Igbo (historically goes back to the ‘60s). It’s 100% emotional investment and all very necessary IF your family doesn’t have a suitable village abode and you are the head of household of your family. Otherwise, I agree that any naija real estate investment has to be done on a short term turnaround as a development endeavor. Sorry for the long write up ❤🇳🇬
GOD BLESS YOU FOR THIS IMPORTANT INFO.
This is very informative and Food for thought.
Excellent storyline I can connect with.
This guy is sincere.....he has disected the good,bad and ugly of the industry.So therefore, it's left for anyone to decide what he or she wants.
HONESTLEY YOU ARE SO SO RIGHT ON THIS. DISCOURAGING PEOPLE IS INSANE.
Emotional investment is the high way to poverty.
It is not emotional investment when you buy or build a house in your village. It is not an investment. For most, it's a mark of their belonging to the root, its them establishing their connection. If it satisfies their inner need and peace, let them do it in peace. I t doesn't have to make sense to everybody else, as long as you desire it and you can afford it, then do it
Mr Duru, I love your Videos , your are so real, you are my favorite Nigerian CZcamsr from now
This vid was very good and informative
The best investment is gold. It will keep its value, over centuries.
Not an investment… more like an insurance
Bro, you hit it on the head! Spot on…
Guy! This was The Truth. No fat, no fluff, no filter. Thank you for this. Keep your content concise and pure, mehn! Much appreciated
Thanks for the lessons
God bless you for this video
I don't know anything about being an investor but, what you said made a lot of sense to me
Buy properties with land certificates. Do value add and monetize it while holding it.
Well dissected and analyzed
Bross u spoke well...i hail you
Great video!
Very insightful.
👏👏👏👏👏👏👏👏👏👏👏, period!! Love from Birmingham, England…
You are correct bro! 👍🏾
A valuable lesson on this subject
Awesome video
Buy land and build and do not buy ready built. A friend bought a plot of land in abuja for 13M, and it's now selling for 27M . Going by todays exchange rate, he made 14M profit.😅
He may not have made any profit , dollar has doubled in value within one year, so even if he bought it last year he didn't make any money in dollars
Just as someone said, your friend didnt make any profit if dollar is considered. If he had converted that naira to dollar in 2022, he will be having about 28,000,000 naira as at today in 2023...
I was in Nigeria 2019 and 2020 and i noticed most people build duplexes and not rental apartments. You mentioned a deficit in homes ,thats right but the majority of the people can't afford these luxury homes. Why not go for apartments and cashflow. With time the property appreciates, and you can sell later.
You are right.
It is a culture thing that will change with time.
The idea of owning a home here is to have an entire compound with a high fence etc.
However as population increases and property prices keep skyrocketing people will have to adapt/adjust just as it is abroad.
Property don't appreciate in Nigeria, only land does. Property depreciates in Nigeria cos of bad maintenance culture.
@DURUBOND Correct. I think this is an opportunity investors should be thinking about. I was in Abuja and i was stunned seeing so many empty mansions whereas you have so many people who can't afford that. Anyways as you said, people will have to adapt.
@@abokoeguale9783 Right.
If u go online many houses don't sell for years
God almighty who lives in heaven will continue to guide and protect you forever and ever , your explanation makes good sense and educate your viewers who really listen very well , I believe many people will learn from you sir.
Thank you🙏🏽
You guys will learn the hard way
Real estate can appreciate, it has to do with environment, in a city that is developed with top infrastructure as developed and industries will appreciate.
You are right. Is about “I have landed properties” not how much it worth in the past present and the future. Freeze perspectives is ok but doesn’t matters to many people.
Real estate drives in passive income, you make reoccurring income, like Airbnb and many more, buying a watch doesn't bring passive income.
Awesome!
You’re the son of the soil; God bless your hustle
Thank you
Some of us living abroad who owned properties in 9ja called it peace of mind investment. Not every property purchase is for $ cash flow. Your explanation Na ginger. Also I commend you regarding your short documentary about the Ikota wahala.
Yes it doesnt have to make social or financial sense. Youre a true son of your father
why cant they build homes to attract AA...homes over 1mil are large but lack style...its insane apartments 100k lack as well! toilet looks weird sinks are not attractive
build closets not those motel wood hanger units? people need walkin closets...lacking a lot o!
Glad someone said what I’ve been talking about. The real estate in Nigeria is so cheap looking and not worth the price very selfish developers who lack style and quality. I would rather build my home than to buy one, they want to sell homes that should have been $200k for 1 million dollars they think making dollars here is that easy 😂….. My 4-bedroom home here in the United States looks way more beautiful than Naija's $800k homes also our neighborhood is clean, greeny and those houses are spacious. Nigeria's real estate needs to swallow their greed. They need to build quality affordable homes.
@@nikkyjackson6500 There is no city in the US that houses 25 million residents. Now take it a notch further, there is no city as small as Lagos in the US that houses 25 million people. This stupidity of pouring people into Lagos and starving other states of development is one cause of greed in Lagos.
I don't understand many Nigerians again, how can one day say building a house in Nigeria is wrong investment, There are still people making lot of clean money in Nigeria
My brother you are right l build will will
I like this guy. Very intelligent.
Thank you for this video pls do a video of how one can get real estate investment right in Nigeria
I will drop videos on it. Stay tuned
@ bond you made very good points.Doesn’t mean building few units of apartments for shortlet in Lagos in the Abraham Adesanya ogombo axis not a good way to get ROI ?
Count me out in anything to do with buying and building or investing in Lagos Nigeria, bro channel those estates and developments in alaigbo , my candid opinion
"Excellent video! I'm not sure if we can chat privately, but I resonate with your ideals. It seems we share some common ground."
Feel free to reach out.
Info@homlantic.com
There is a difference between investment property and personal property. The investment you want to make money, personal property it means so much to you, it doesn't matter how much it costs.
Nice one. This is far better than Daddy Freeze and his egocentric rants and constantly talking down to people.
Great
My friend look for developer when 419 are everywhere in Nigeria
Real estate is long term investment and it’s about taking your money out and then getting income from it.
There is no place like home. Maybe Nigeria or its constituent nations will improve in the future. Biafra will be prosperous. Yoruba nation will be prosperous. Don't give up your ancestral lands for nothing.
Nice video but fix the audio on the next one bro, too much background feedback
Noted. Thanks
we bring money into the economy
Daddy Freeze is absolutely on point. Do not buy a property and think it is an investment. Developers sold the Lekki prooerties that are being demolished, what has happened to such investments. Annual inflation rate is also not helping matters. Also Nigeria is not a stable country for investments.
I agree don't buy but build
Bro you are talking about me.20yrs aboard,icare less about the price tag.
Daddy freeze is absolutely right, the inflation is too high
Emotional Investment VS Rational Investment, 😊😊. No Brainer
What you are referring to is called sentimental value.
Wise man
🎉🎉🎉🎉🎉
Daddy f. very correct. Imagine Nigerians in diaspora how many properties they have lost during this ongoing demo of properties by Sanowolu. You can imagine their feelings right now. But I must say not all igbos bought houses in Lagos. Those igbos without houses are happy that they didnt and others that have houses and lands in lagos are looking to sell it at all cost. So Nigerians in diaspora invest in the part of world you are living and forget about Nigeria. Once you have a good house in your village forget about buying properties or investing right now in Nigeria as it does not worth your hard work abroad.
You said it all. Invest where u are
E depend why you buy am. For me buying a property back home means I have someone where to run to if obodo oyibo don tire me.
This makes a lot of sense. I am coming to naija in December and I just spent 2m for 8days stay in an apartment in Lagos for my family. It just dawned on me to spend that 80-100m to build one for my family in the next year . DF will be okay
Who will maintain it?
Anyone capable he puts in charge can maintain it bro
I have family in Nigeria
There are a a lot of factors to consider when it comes to housing investment. Nobody is buying watches without owning houses, so asking first time buyers to do that is not good advice. Can you invest in both, of course but invest in real estate first but consider other factors. Don’t go and build your house in a village where economic growth is at a stand still and expect speedy equity growth. do not throw money into watches as your first investment.
Yes, you are right my brother. Daddy Freeze talking rubbish as usual. He has a house o, but telling people to buy his watch.
With the rising population in Nigeria, the future is apartment. Our culture is what is pulling us to houses and detached duplexes. Selling apartments are a lot easier than houses, they’re easier to market. Real estate is still a very valuable industry.
Any non yoruba investing in property in Lagos is at your own risk oo
Your name is Bond…. James Bond. 😊🥂
you are good
🙏🏾🙏🏾🙏🏾
Your tips are spot on! Having lived abroad for close to 20 years, I reckon it's about time to have a property of my own. However, from my experience dealing with so called estate agents, my best bet will be to go to Naija and see for myself. I believe there's still trustworthy agents, so if you're one of them, i'd like to do biz with you.
Bro no need. Am looking for a buyer for just 15m no buyer
@@Naijanewzwhere is the property located. If lagos what area. I’m currently in lagos searching. Drop your email so I can shoot you a msg & if you really wish to sell. We might find a middle ground. Cheers.
@@dolotalks6301If you are an Igbo, go to the east and buy. E get why.
@@Naijanewzwhat location is the property?
@@dolotalks6301its not lagos but close. Its close to winners camp. Atan ogun state
You can buy a vacation home but don't do rental investment. It's NONSENSE
Rental investment is Stupid and Wasting Time
The jealousy of Nigerian landlord’s neighbours means a lot to Nigerian landlords. To them it’s worth more than monetary gain.
You earned a subscriber BUT as a psychologist I am truly disturbed by the prevailing abscence of critical thinking in our nation and continent.
You actually effectively made the case that Nigeria is a jungle, devoid of deep soul and collective spirit where the smart logic is to think and act in the short term. In other words: There is NO FUTURE. As Africans, home and abroad, we are living in historical anachronism.
When will "things become stable". And HOW? We can't all just be people who (a) act on emotions or (b) think and act in the short term, and expect that our descedants will have a future. We must raise our consciousness and transform.
Some individuals Members of the World are lazy
Jealous
Negative comments
Not
Business Thinkers
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Please don't explain anything let
Individuals keep sending money to their families
And end up with heart attack
You can sell your house for how much money you want. But only if there are too many houses which are sold cheap you cant sell it for the price you want for it.
The last thing I want is to squat with anybody.
Nothing beats entering your own bunk ..,lock the gate and have ur own peace.
Levels dey naw…