Next only to food, the need for shelter is so important that it has been argued that adequate housing should be included as a basic human right by the United Nations. The definition of adequate housing by the UN goes thus: “Under international law, to be adequately housed means having secure tenure—not having to worry […]
“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” — Robert G. Allen It goes without saying that keeping a large cache of cash (no pun intended) in the bank does not grow wealth enough to make the depositor wealthy. The banks also know this. […]
“Real estate is an imperishable asset, ever-increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security.” -Russell Sage A deal is simply an agreement, usually commercial, entered into by two or more persons for the benefits of all […]
“Odo to ba gbagbe orisun re ma gbe” Yoruba Proverb The meaning of the above saying is that a river that “forgets” its source is bound to dry up. For a large percentage of Nigerians in the diaspora, although they are physically abroad, they are yet to find a practical and effective way to untie […]
“The most important quality for an investor is temperament, not intellect… You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.” – Warren Buffett As explained by Wikipedia, “Investment is the dedication of an asset to attain an increase in value over a period of time. Investment […]
“If you don’t find a way to make money while you sleep, you will work until you die.” Warren Buffett Maslow was an American Psychologist of Jewish origin. His parents were poor and had barely escaped from Czarist persecution from Kiev, which was historically part of the Russian Empire but now under Ukraine. Life was […]
In The Flip Wilson Show which aired between 1970- 1974 in the United States, Flip Wilson, a comedian, playing the character of Geraldine Jones first uttered the now very common phrase “What you see is what you get”. This phrase has been a common quote and has been frequently used in several contexts. It can […]
Construction cost is the cost of the entire construction of a project and includes the cost of land, regulatory approvals, supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities used or consumed, including the cost of consulting professionals such as architects, engineers, surveyors, etc. The Rising Trajectory of Construction Cost in […]
At the end of every year, and towards the beginning of a new year, a lot of persons set new goals for the incoming year, usually after an evaluation of how their time in the outgoing year had been spent. A popular motivational speaker, Brian Tracy, once said “Goals are the fuel in the furnace […]
There are five very important concerns and considerations on the top of the “tick-off list” of a buyer or investor in real estate. I will talk about these in a moment. However, it is important to mention that, like getting married or making bundles of joy, the decision to buy a house is a very […]