Gynacologist:
bros I hate DAT lasgidi of a place...

Kashif:


Living in 400k apartment in Surulere and earning 4.7m net per year. What sayest thou?

dandollar1:
can you recommend a very good car ac technician?

dearie:


You got a wise dad...

Living decently to me is if one month salary can pay your annual rent. Worst case scenario would be 2 months. Anything more will mean "dragging it" . That's just my take.

Sagamite:


Mate, I have never seen a N400K apartment in Surulere.

Most 3 bed (the norm in Nigeria) goes for about N900K there. A range of N800K to N1.2m is what is the norm, although some even go as far as N2.5m.

The cheapest I have seen there is N600K for 2 bed.

Kachisbarbie:
People saying 150k are not being realistic. Decent is relative, there are houses in Ikotun that pay 3k a mth, in Ijegun_ we might even get something cheaper, though it might not be decent to me, but decent to another.
Aside some banks, oil coys, telecom, few private firms and big schools...how many jobs in Lagos pay that much?

You can survive in Lagos, with even 50k. It just depends on how you prioritise. I don't even get the hype about that city, yes_ it's heavily industrialised ,that's just about it. No sanity, noisemakers everywhere, air and water pollution, traffic... etc.

If I am transferred to Lag. I will honourably resign...I can't die before my time.

Kashif:


Go and ask people what they are paying, and for how long they have been occupying their abodes. I know people who have been living at the same address for upwards of 10 years. You talk like a property agent, not a tenant - different realities.

Even at that, are you saying that someone earning 6M - 7M cannot get 600k apartment? Get your head around it man. Some peeps are living life with low overhead. They can save 50% of earning and still be good.

Sagamite:


I think you have completely missed the chance to think through the scenario.

First of all, very few people make north of N5m per year in Lagos. From my little analysis some months back, even in the highly desirable and supposedly high paying banking sector that is employing the elite, only between 30-60% of their staff make between N4-9m per annum. And 10-20% make north of N9m per year. So imagine what most ordinary Lagosians make.

Secondly, those that will make N6m-N7m a year and/or have been living in the same address for 10 years plus are not likely to be young or single. They are likely to be married with kids, hence they will need something like a 3-bedroom apartment except they want to severely compromise like I pointed out with my Ajegunle example.

I only saw one case of a 2-bedroom flat for N600K in Surulere, most are around N700K+. And the 3-bedroom are in the range of N800K to N1.2m.

Most single guys and girls (those going for 2 bedroom flats) are nowhere near making even N4m a year.

If you want to be paying 10% of your salary a year as rent, you will be living in a place well below your class, be sharing, be staying in a BQ or be living very far away (e.g. Sangotedo, Ikotun, Badagry, Iyana Ipaja etc) from the commercial nerve centres where the corporate jobs are (the ones that pay N4m+).

Someone making N4m plus and living like the above is compromising severely in Nigeria.

I have not yet even gone into the quality of the house (or the street it is on) that will be rented out cheaply enough for it to meet the 10% criteria.

So it is quite tough to be paying only 10% of your salary in a commercial city except you do compromise your standard severely.

shadrach77:
100k

Kashif:


Tough, true. Possible? Yes.

The argument is not for freshers or experienced. It is about the possibility of one paying his rent with 10% of his earning.

I have seen singles who go for 3 bedroom apartments. My neighbour is a bachelor, and stays alone in a 3 bedroom flat. I have also seen families of six, with two cars, in a 2 bedroom. Set aside condition/location of the accommodation, the point is can 10% of one's income pay his rent? Emphatic YES, as you agree.

PissedOffWeed:
. The girlfriend no get hands to work