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Real Estate Investment Trusts (REIT) A REIT is a company that invests in real estate and distributes its income to shareholders e.g SkyeShelter REIT, UNHOMES/GMA REIT.

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  #1301 (permalink)  
Old 26th November 2012, 09:45 PM
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Default Re: future of real estate?

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Originally Posted by hispy99 View Post
Oga sir, I have 2 questions for you..

how come you know her schedule like this and why must everything be done at a Total station? I totally don't understand o
Pls I no dey for oracle's long grammar to explain o!.

Just replace 'Total" with 'NRC', and on the lady issue, pls let the sleeping dog lie. okay?
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  #1302 (permalink)  
Old 26th November 2012, 10:21 PM
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Default Re: future of real estate?

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Originally Posted by goldsun View Post
na this kind thing oga oracle dey like
Na Oracle na. . Na only him fit analyse like that.
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  #1303 (permalink)  
Old 26th November 2012, 10:28 PM
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Default Re: future of real estate?

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Originally Posted by waaan5 View Post
Pls I no dey for oracle's long grammar to explain o!.

Just replace 'Total" with 'NRC', and on the lady issue, pls let the sleeping dog lie. okay?
Just talk. Oracle when are you buying her the car?
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  #1304 (permalink)  
Old 27th November 2012, 12:43 AM
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Default Re: future of real estate?

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Originally Posted by knightofdelta View Post
I tried living without my car for one week here in Abuja to test the cost effectiveness of public transport, and bros, I lasted only one day of that campaign.

From Point A to Point B in Abuja, you will need to take a taxi. Taxi drop is minimum is N300. To and fro is N600. From my house to the office, which is about 8 - 12km depending on the route costs N500 and that is N1,000 per day. And that is N5,000. Excluding the short runs you may need to do occasionally. If you include it, that will give you an average of N7,000.

I buy fuel every weekend, to fill up my tank and buy 10L of fuel for my generator and guess what? I spend about N3,500 - N4,200 per week.

Now, assuming I spend N10,000 to fuel my car and public transport costs me N7,000 do you think I will buy a car of continue taking public transport, in Nigeria? Heck no! I will buy that car despite the N3,000 savings of using public transport. Why? The time it will take me to commute, looking for public transport and landing in dirty and hot taxis, is better spent by me listening to my favorite self development CDs inside AC and the time saved can be spent with my family. That time given up on taxis when cumulated for a month will be enough to finish reading a good book on Entrepreneurship or working on my business or updating my blog.

At the time I started my career, it may have been worth it to use public transport since I had no family to spend time with, so there was some excess time I could squeeze to develop myself through weekends and in the nights (that was how I wrote and passed that exam anyway) and could download self development tracks on my phone and listen to something good through the rough bus ride.

At the end of the say, there is no hard and fast rule about it because it all depends on your circumstances and your goals.
oya, add parking cost...

Hong Kong Parking Costs $387,000 as Cash Moves From Homes - Bloomberg
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  #1305 (permalink)  
Old 27th November 2012, 07:15 AM
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Default Re: future of real estate?

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Originally Posted by nosa2 View Post
Your example is priced based on drop, if your friend was to use "along the road" then her costs would be a fraction of your calculation. And as per costs I'm using Naira and kobo only
Bros, imagine these trendy babes wey dey carry one LV bag wey be like ghana-must-go for one hand and hold BOLD kini kan kini kan for the other hand come enter ''along the road''! How long will you stay on the road before you get that ''along the road'' bus/cab? If you are wearing an immaculate-white shirt and the person beside you is a mechanic, what will you do?

Which one be Naira and Kobo wey you dey talk? Na USD I quote?
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  #1306 (permalink)  
Old 27th November 2012, 07:19 AM
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Default Re: future of real estate?

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Originally Posted by hispy99 View Post
Oga sir, I have 2 questions for you..

how come you know her schedule like this and why must everything be done at a Total station? I totally don't understand o
Answers to questions:

(1) You don dey find trouble
(2) Where I dey sell puppies for bus-stop, Total fuel station dey close.
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  #1307 (permalink)  
Old 27th November 2012, 07:21 AM
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Default Re: future of real estate?

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Originally Posted by bivins1 View Post
Hispy you dey find trouble ooo. I no fit buy akpeteshi for oracle when kasala burst ooo. Ehen Oga Oracle this one wen you know the babe schedule finish na wao . Oya explain yourself or you buy the babe car .
You join Hispy dey poke me like this? I be gentle guy o! Ask KOD!
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  #1308 (permalink)  
Old 27th November 2012, 07:22 AM
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Originally Posted by waaan5 View Post
Pls I no dey for oracle's long grammar to explain o!.

Just replace 'Total" with 'NRC', and on the lady issue, pls let the sleeping dog lie. okay?
Thanks so much my Oga. I no sabi wetin these egbons dey poke like this o. Me, I no dey look outside. I dey look away!
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  #1309 (permalink)  
Old 27th November 2012, 07:28 AM
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Originally Posted by eniyanman View Post
Just talk. Oracle when are you buying her the car?
I arranged with my friend in Enugu to help me get a sweet 1960 Morris Minor. The guy arranged it at N50,000 but it was rejected. At least that one for save money well well for her.

Anyway, I don dey cruise the Morris Minor for here.
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  #1310 (permalink)  
Old 27th November 2012, 11:23 AM
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Default Re: future of real estate?

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Originally Posted by Oracle View Post
You join Hispy dey poke me like this? I be gentle guy o! Ask KOD!
I no go sign any paper wey dem put for any corner say "Oracle na Gentle Guy"...
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  #1311 (permalink)  
Old 27th November 2012, 02:12 PM
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Default Re: future of real estate?

Quote:
Originally Posted by Oracle View Post
Owning a car is by far better and cost effective than jumping public transport as long as you are in Nigeria.

My friend lives in Egbeda, and he is a consultant Gynaecologist at Island Maternity Hospital on Broad stareet. He used to take his car to work, until when his car developed a fault and he had to board public transport to work for 2 weeks.

The guy spends average of 4000 naira fueling his car. But by using public transport, he spends N50 to BRT park at Dopemu, BRT bus from Dopemu to CMS is N200. He treks from TBS to Island Maternity. The guy now spends about N500 on transportation per day. He now uses his car on weekends. He said going to work by BRT is cheaper, faster and more convenient by him.
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  #1312 (permalink)  
Old 27th November 2012, 02:15 PM
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Default Re: future of real estate?

Quote:
Originally Posted by knightofdelta View Post
I tried living without my car for one week here in Abuja to test the cost effectiveness of public transport, and bros, I lasted only one day of that campaign.

From Point A to Point B in Abuja, you will need to take a taxi. Taxi drop is minimum is N300. To and fro is N600. From my house to the office, which is about 8 - 12km depending on the route costs N500 and that is N1,000 per day. And that is N5,000. Excluding the short runs you may need to do occasionally. If you include it, that will give you an average of N7,000.

I buy fuel every weekend, to fill up my tank and buy 10L of fuel for my generator and guess what? I spend about N3,500 - N4,200 per week.

Now, assuming I spend N10,000 to fuel my car and public transport costs me N7,000 do you think I will buy a car of continue taking public transport, in Nigeria? Heck no! I will buy that car despite the N3,000 savings of using public transport. Why? The time it will take me to commute, looking for public transport and landing in dirty and hot taxis, is better spent by me listening to my favorite self development CDs inside AC and the time saved can be spent with my family. That time given up on taxis when cumulated for a month will be enough to finish reading a good book on Entrepreneurship or working on my business or updating my blog.

At the time I started my career, it may have been worth it to use public transport since I had no family to spend time with, so there was some excess time I could squeeze to develop myself through weekends and in the nights (that was how I wrote and passed that exam anyway) and could download self development tracks on my phone and listen to something good through the rough bus ride.

At the end of the say, there is no hard and fast rule about it because it all depends on your circumstances and your goals.

That was why i said there can not be right or wrong answer to the question.

Anyway life in Abuja can not be compared to life in Lagos. It is easier for an average man in Lagos than in Abuja.
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  #1313 (permalink)  
Old 27th November 2012, 02:25 PM
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Default Re: future of real estate?

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Originally Posted by emmanuel ewumi View Post
My friend lives in Egbeda, and he is a consultant Gynaecologist at Island Maternity Hospital on Broad stareet. He used to take his car to work, until when his car developed a fault and he had to board public transport to work for 2 weeks.

The guy spends average of 4000 naira fueling his car. But by using public transport, he spends N50 to BRT park at Dopemu, BRT bus from Dopemu to CMS is N200. He treks from TBS to Island Maternity. The guy now spends about N500 on transportation per day. He now uses his car on weekends. He said going to work by BRT is cheaper, faster and more convenient by him.
No be lie. i get about 11 BRT tickets wey i go use for the next two weeks. If you must enter brt bus, make you avoid those "chain" passengers (particularly females that sit together at the back seats). na tory dem go take finish ur ears!!! some men sef no dey try at all!
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  #1314 (permalink)  
Old 27th November 2012, 02:27 PM
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Default Re: future of real estate?

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Originally Posted by knightofdelta View Post
I no go sign any paper wey dem put for any corner say "Oracle na Gentle Guy"...
Hmmm...


What about a paper which explains that you should manage Oracle's estate worth $200b with a footnote stating that ''Oracle na Gentle guy''? Will you sign to manage?

Anyway, your eyes no go reach the footnote because the $200b go don cover the whole page wey you dey look
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  #1315 (permalink)  
Old 27th November 2012, 02:32 PM
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Quote:
Originally Posted by hispy99 View Post

In a city like Lagos you can spend another 20k settling LASTMA, police, Road Safety, VIO and Council touts every month on traffic offenses. I don't take my car to parts of lagos where, I am not too conversant with. Because, i don't want to mistakenly enter a one-way.

Last edited by emmanuel ewumi; 27th November 2012 at 03:16 PM.
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  #1316 (permalink)  
Old 27th November 2012, 02:41 PM
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Quote:
Originally Posted by emmanuel ewumi View Post
My friend lives in Egbeda, and he is a consultant Gynaecologist at Island Maternity Hospital on Broad stareet. He used to take his car to work, until when his car developed a fault and he had to board public transport to work for 2 weeks.

The guy spends average of 4000 naira fueling his car. But by using public transport, he spends N50 to BRT park at Dopemu, BRT bus from Dopemu to CMS is N200. He treks from TBS to Island Maternity. The guy now spends about N500 on transportation per day. He now uses his car on weekends. He said going to work by BRT is cheaper, faster and more convenient by him.
And when your friend is called in the dead of the night, he will still board a BRT!

I'm presuming that when he leaves his house, a-N50 bus/cab will be waiting for him to take him to BRT Dopemu. At BRT Dopemu, he is not on any queue to board the BRT bus to CMS. And from TBS, there is no rain/sunshine to the Island maternity.

If the guy spends N4000 refuelling his car, assume this cost is per week. If the man spends N500 per day, for 7-days(1week), he must have spent N3,500 on Transportation. So he basically saved N500. And I want to believe that the N500 saved is for the sun that heats him, the pure water that he pours on his head under the sun, the long wait for bus at his bus-stop, the long wait for BRT buses.


It is economical to walk on barefoot than wearing a shoe!
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  #1317 (permalink)  
Old 27th November 2012, 02:51 PM
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Quote:
Originally Posted by emmanuel ewumi View Post
In a city like Lagos you can spend another 20k settling LASTMA, police, Road Safety, VIO and Council touts every month on traffic offenses. I don't take my car to parts of lagos where, I am not too conversant with. Because, i don't want to mistaken enter one way.
Why don't you buy a less than N1,000-Road traffic handbook and read. Know all the signs. Know the lane where you will be while driving, turning etc. Most of us get driver's license without knowing these and that is why we 'contribute' to these people for breaking the law. Ensure that your lights(reverse,headlamp,brake,turn signal) are working properly.Have all the necessary accessories in your vehicle which VIO & FRSC officers check. The Road traffic handbook would really help you save money monthly.

I can see you spend more 'contributing' to these guys!
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  #1318 (permalink)  
Old 27th November 2012, 02:58 PM
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Default Re: future of real estate?

Quote:
Originally Posted by Oracle View Post
And when your friend is called in the dead of the night, he will still board a BRT!

I'm presuming that when he leaves his house, a-N50 bus/cab will be waiting for him to take him to BRT Dopemu. At BRT Dopemu, he is not on any queue to board the BRT bus to CMS. And from TBS, there is no rain/sunshine to the Island maternity.

If the guy spends N4000 refuelling his car, assume this cost is per week. If the man spends N500 per day, for 7-days(1week), he must have spent N3,500 on Transportation. So he basically saved N500. And I want to believe that the N500 saved is for the sun that heats him, the pure water that he pours on his head under the sun, the long wait for bus at his bus-stop, the long wait for BRT buses.


It is economical to walk on barefoot than wearing a shoe!

The N4000 is for about 4 to 5 days, he is off duty on 2 days. The guy is an adult in his 40s, and he should be able to know what he thinks is cheap, fast and comfortable for him.
Driving from Egbeda to TBS will take an average car owner 2 hours on a very good day, but with BRT you can save a minimum of 30 minutes on the journey. He does not have to drive himself, BRT buses even show Nigerian and foreign movies during the journey.

It is crazy driving from Sango ota to the island, or driving from Ajah to Magodo on a weekday. The easiest alternative is BRT.
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Old 27th November 2012, 03:02 PM
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Default Re: future of real estate?

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Why don't you buy a less than N1,000-Road traffic handbook and read. Know all the signs. Know the lane where you will be while driving, turning etc. Most of us get driver's license without knowing these and that is why we 'contribute' to these people for breaking the law. Ensure that your lights(reverse,headlamp,brake,turn signal) are working properly.Have all the necessary accessories in your vehicle which VIO & FRSC officers check. The Road traffic handbook would really help you save money monthly.

I can see you spend more 'contributing' to these guys!
If you get out before 6.30am, and go back to your destination around 3.30pm you may not necessarily meet them.

If you are a regular driver in Lagos, you will understand what this guys can do to a driver no matter how law abiding you may think you are.
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Old 27th November 2012, 03:15 PM
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Default Re: future of real estate?

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I hope this will have a positive effect on real estate investment in Nigeria.
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