Inside a ₦10 Million ($10,000) Cheapest Luxury Duplex In Lekki Phase 1

[@edenoasis]

Hi there! Thanks for watching. We'll like to hear your thoughts. Please drop a comment, and a like too. Thank you. For Inquiries; ☎: [phone] (Chat and Call ) Whatsapp: [phone] (Chat and Call) Email: [e-mail] Website: www.edenoasisrealty.com Connect with us! instagram.com/edenoasisrealty/ instagram.com/achodoconfidence_realtor/ twitter.com/edenoasisrealty/ facebook.com/edenoasisrealty/

[@taharka3897]

Is this really ten thousand? Does it have an elevator?

[@ub210]

@@taharka3897 $10k down. Balance due in 12 months.

[@mosestekper7659]

One thing I will give to Nigerians is their interior deco sense. They are soo good at that aspect.

[@willy7968]

Paying $10K down payment at first then $220K within 12 months is laughable

[@lanbeen]

Imagine that, only in Nigeria lol. People with legitimate income of $500,000 a year in USA can not afford to pay off $200,000 loan in 12 month. Imposible !!!!!

[@ub210]

@@lanbeen Not after they pay almost $200,000 in federal and local income taxes, property taxes, and other assessments on that income before they get to their disposable income.

[@jayyyy8422]

I started laughing when I converted it back to naira...😅 It's quite funny

[@abeem7229]

Yeah, a payment plan for the yahoo boys and politicians

[@NuelsangHeavens]

The system of the contract is to make you lose the house

[@truethots3088]

The header is very misleading. See me rushing to check my bank balance..😅

[@ub210]

Yes, very misleading click-bait.

[@maydeed3964]

I agree. They must stay away from using deceptive headlines just to pulll traffic. It waters down business intergrity.

[@josephtaka1943]

You always doing a great job even with pregnancy, I commend madam 👍

[@psalmzoe3746]

CAMBERWAAAAALLL.. My future Boss's Estate 😁😁😁 Mrs Confidence... You dey work sha.

[@michaelfarmhand]

Do the apartments have lifts? It’s no fun climbing up to the fifth floor with shopping.

[@edenoasis]

Yes they do.

[@GbevSesoo]

@edenoasis going with the title of the video am I right to say the apartment you interviewed the lady cost ONLY 10M naira? Please confirm.

[@psalmzoe3746]

Oh wow! Weldon.... Really

[@edenoasis]

🙏🏾

[@sazi07]

How is 220m equal to 10m? How is this different from fraud?

[@sia_ibk]

BABY BUMP!!!. Congratulations 🎉❤

[@abiodunbanjoko8071]

Thanks for sharing, very nice

[@KelzVisuals]

Is this buy or rental

[@alexdes8097]

Who spends 200k in a location where you can hardly get clean water? I visited Lekki just last year and pot holes everywhere. Its so overhyped

[@JoshuaNseJohn]

Can’t pay all that amount for a house that’s not detachable, what if I want to leave with my house?😊

[@Tiswel-n8i]

lol

[@psalmzoe3746]

20:05 Happy Birthday 🎈🎂🎈🎂

[@edenoasis]

Thank you 😊

[@funlayoabdulrahaman1039]

How many bedrooms please? And how much outright.

[@edenoasis]

Hello. It’s a 4 bedroom duplex. Please find more information here: www.edenoasisrealty.com/property/camberwall-advantage-5-lekki-phase-1/

[@obiflex]

Baba God I thank you with all my heart that you took me out of Nigeria. Ha! How on earth can one ever afford this on a honest income in Nigeria? Even if I had $230k at hand, I will rather invest in the US where the average worker can afford to rent the house from me and I can easily recoup my investment from rent while the property actually appreciates over time. Even the rich are suffering in Nigeria. If a rich man is not very financially smart and street smart at the same time, he will end up broke again in Nigeria

[@ub210]

Great comment! I thought I was the only one who had experience with investments in US real estate. Nigerian developers need fools to take property off their hands. Better to market the properties to us as, "Owning a piece of Nigeria." In that regard, one can afford to accept the risk of loss associated with that purchase.

[@nancystone3020]

Is this price for real?

[@obiflex]

@@nancystone3020 Hahahahaha... Seems unreal right?

[@ighomercy5024]

I can only laugh at these comments and replies it got! Its very obvious you all dont own a home in the US. Once you own 1,u will understand that real estate in the US is a scam! No where in the world appears sane right now. Then Nigeria is not meant for peanut salary earners. You will be frustrated! America rental is another crazy thing. If you want to cashout on real estate,you have to buy in an highend area where professionals are and guess what,only a few can afford that! Interest rate is not even smiling as you cant break even by the time you add HOA n other fees. Only those who bought before covid are enjoying now and that applies to every part of the world. Stop talking Nigeria down cause when you climb the ladder here in the states,you will understand the system better!

[@japhethmajasan1022]

Beautiful 🎉

[@owa001]

$10,000 deposit then almost $20,000 per month for the next 11 - 12 months?!!!!!! Is this how they buy houses in Nigeria?!!!

[@ub210]

Yep, no developed private mortgage market. Unless you work for a bank or an oil company.

[@victoredwards3959]

This is crazy, even someone on a salary of £150,000 in Uk , can never afford this . And people in that pay bracket are among Uk top earners. Nigeria is a crazy country.

[@vicgabanna1816]

In American it takes 30yrs for them to pay it off and muna dey sell am in 1year oboy respect Nigerians we are strong

[@ub210]

@@vicgabanna1816 It doesn't "take 30 years to pay it off." If you live within your means, a home can be paid off in 7 years. The lenders allow you up to 30 years to pay it off because investors like insurance companies purchase those payment streams. That's what Nigeria is lacking -- a well developed mortgage market. Americans move every 5-7 years. In that time, it's likely that substantial appreciation would have taken place and in 7 years, a family's earnings power is more substantial. So, the move is a trade-up property, and the next appreciation cycle kicks in. Once you have substantial equity in your home, you can borrow against it and purchase rental properties where your tenants pay off your mortgage for you. When it comes to building wealth, America can afford a simple person earning $40k a year ($20/hr) what no other country can -- the ability to buy a house worth over $250k. Show me one bank in Nigeria that will give you a loan to buy a $250k property with a $4500 down payment, and let you pay the balance over 30 years. Your claim to "strength" is rooted in a false understanding of how money works. Namely, using other people's money to build wealth by investing in appreciating assets. Not the nonsense collection of depreciating assets like cars that Nigerians like to accumulate to show that they have arrived. That's an expresswsy to the poor house. Unless you keep running for public office to replenish your "stash". That's another form of using OPM. This one is more dangerous for a society's well-being.

[@James_150]

Yea buyers in Nigeria use this as a money laundering/washing scheme

[@ivytosin-es2wv]

If you have $200k and bring it to Nigeria to invest in a naira economy, toxicologist need to examine your brain. $200k buy 1 new trailer and put in under dhl logistics. You will get a minimum of $8-10k monthly after expenses for 8yrs plus.

[@EvwienureEjowokeoghene-uh5iq]

Nigeria real estate sector is the most stable and profitable sector in Nigeria

[@maydeed3964]

Really? Can you tellus how to go about this please? Am interested

[@nancystone3020]

With bad water for that price 🙆🙆🙆🙆🙆

[@ConfidenceA]

We are providing clean water like we did with our previous developments.

[@evelyndittmann2561]

Build huge houses without a single plant (tress) what a tried estate!

[@Jbeggar]

I want one.

[@AderibigbeAdetola-zn1hq]

It is better to pay once cos how can someone pay 200k within 12 month

[@pepperless7218]

What is the name of the developer

[@ocholiocholi5735]

We Nigerians know those that buy these houses. It's the corrupt thieves that own these companies and their cronies are their patrons. You guys can hype lekki all you want but it does not pay anyone living there. It is a facade that the gullible "upwardly mobile" bought into. Who buys a 4 bedroom for this amount in Nigeria?

[@EvwienureEjowokeoghene-uh5iq]

How many politicians do Nigeria have for them to be the ones buying all the whole housings

[@ub210]

@@EvwienureEjowokeoghene-uh5iq I think you're better placed to be able to answer that question for us since everyone who questions your logic is a "mugu who must be slapped." Take us to school, Troll!

[@EvwienureEjowokeoghene-uh5iq]

@@ub210 please explain the word "troll" for me, because I don't know when correcting some one who make a loose comment without evidence or data to back it up become troll

[@ub210]

@@EvwienureEjowokeoghene-uh5iq Check your other response to me where you offered to slap me for being a mugu. You're not worth the effort explaining anything. Your one-liner comments lack any intellectually sound arguments. You should indicate to another commenter how he or she is wrong, even if his or her comment is based on speculation. I schooled you once in a case study, so sorry I'm not your govt to be able to provide you with further free education. Perhaps you should have paid more attention and done your homework in grade school.

[@EvwienureEjowokeoghene-uh5iq]

@@ub210 so you're a stalker from a previous comment,I was beginning to wonder how is your comment correlate with this very topic,baba/sister learn how to freestyle,no be everything Dem dey carry for mind♥️

[@Dr.LynnPharohA.D]

Happy Birthday 🎂🎉🎉🎉🎉🎉🎉

[@edenoasis]

Thank you 😊

[@Dr.LynnPharohA.D]

@@edenoasis oh My Dear God your so welcome 🌸🌺🌸🌺🌸✨

[@pepperless7218]

How much is it

[@yemiosibemekun6248]

So no water to bath ! And u were both airing that! “ I used satchet water to bath”

[@ub210]

Nothing can help with your ROI when the Naira loses almost 40% in one year. All earners in foreign currency need to chill for the next year or two, otherwise, good luck with your losses.

[@ocholiocholi5735]

They are deceiving the gullible. The thieves that are their patrons do not care about ROI, they just look for avenues to put their ill gotten money into.

[@meekeverything4937]

Why $10,000 down payment and $200,000 within 12 months? Doesn't make sense.

[@edenoasis]

Hello, the option is made available for investors to spread the balance within 12 months conveniently. Some may choose to make up to 50% upfront, while others may even pay outrightly.

[@midepeter8209]

It won't be nice after paying 10k onky to strt hearing names of other payments that will be almost 100k...

[@ChollyVy]

When I see headers like these I go to the comments section first 😂

[@fatkam756]

The interviews were not comprehensive; no financial analysis.

[@sassyme2100]

Title is very misleading

[@FrankNdu]

No one with legitimate job can pay $220k loan in 12 months.

[@offset_debt]

In Africa you need the money already that's the point... Why come if your broke...

[@Sam-ez8xs]

Dey play, make you no hustle

[@alexdes8097]

If this is 200k then title is very misleading

[@RobertCollins-fq5tw]

And flooding.

[@gospelworshipsongs1695]

This is why i decided not to invest in Nigeria. How can a salary earner with family buy this kind of property? $10,000 down payment at first, then $20k monthly for the rest balance in 12 months. That is to say, a normal salary earner of 5 to 6 thousand euros can not afford these kind of property. You see why some Nigerians and politicians and cannot stop stealing and doing all sorts of nasty things just to make money. Like where i leave abroad, i just bought a property worth €150k and i have another one i bought few years ago also, to be paid in 20years. That is how it should also be in Nigeria. In abroad, I don't know maybe is only the country where i leave. They wouldn't want to put you on the run, after the bank checked your income, and the bills you pay monthly. they will advice you go for a property you can pay in 20 or 30 years. And in the process of paying, after some years, you can buy another one. Not putting people on the run, in the name of i want to buy a house in Nigeria or in Lekki. I rather invest abroad that I'm super sure i will get my money back. Not after buying a house, up on all the hard work government will come and demolish, and say is government land. Hmm. Am Sorry if i have offended anyone with my comment, but it's fact. Happy Birthday to you pretty. 🎉

[@ub210]

Same thing with the US. Very few properties in Nigeria can generate a gross rental income of $25-35k per year, cost less than $350k to acquire, and only require a $35k down payment (for residents), with the balance repaid over 30 years. It appears that they are targeting Nigerians repatriating, OR, they need to show a sold-out property so that they can collateralize the project with a bank loan for 12 months, pull out 50% and move to invest in another development property. Sweet deal for the developer, not so much for the investor who will be stuck with the exchange rate risk.

[@EvwienureEjowokeoghene-uh5iq]

another comment from a program bolt

[@obiflex]

You're very correct. The house rent on a house in some cities in the US will pay back the cost of the house in 5-10 years. Meanwhile, you can spread the loan repayment for the house for up to 30 years. So, if you buy houses here, you can retire comfortably on the monthly rent once you finish paying off the mortgage loan. The rent from a 2 family house in the US sometimes is more than the monthly mortgage payment, so it's a sound investment. But if you invest huge a amount in a house in Nigeria, you will never recover the amount invested from rent

[@abbeyhaynes525]

Indeed! My parents bought a Victorian house in Camberwell, London SE5 in 1964 for £2,500. It is worth over £1.7M today. I rent a beautiful 2 bedroom apartment in mainland Lagos N3.5 annual rent for a months’ rent I let out my UK house - £3,000. Can u imagine me selling my UK house worth more than £750k to buy a N500M house in Lagos?! Which house over 100 years old is still standing in Lagos and daily appreciating in value😢 Do the maths😝

[@henry5118]

Jokers.

[@sammn6186]

Clickbait!!!

[@africanayasmin6210]

The host, face is lighter than the neck. Why is she with those shoes? And not in heels? 👠 😮

[@JustinClark-r4z]

madam u guys dont have water in lekki

[@ConfidenceA]

No doubt, certain areas in Lekki do not have clean water. However we were able to get clean water in the previous project. The project is open for viewing to confirm everything said in the video.

[@philderrick6305]

And yet they are surrounded by water

[@JustinClark-r4z]

no vision , just to build and billion for rubbish houses

[@jocelynemmukendi1307]

Misled me bye...

[@diordevon]

How is $10K ten million naira? Lol

[@abbeyhaynes525]

Lekki is so overrated. It’s actually a slum with a few overpriced and overpopulated‘luxury’ estates dotted all over the place. You will spend a fortune on water on the islands. I spent a vacation in 1004 a few years back. Could not even use it to bathe. Terrible😢

[@WaAgade]

I want one