Join the conversation! 🌐💬 Daddy Freeze sparked a debate suggesting Patek watches Trump's real estate investments in Nigeria. 🕰️ I stand for REAL ESTATE over luxury items like Patek watches. 🏡💰 Let's talk facts:
Naira's devaluation is alarming and a result of bad governance. Between 2011 and 2015, the naira was stable at N197, and statistics showed Nigeria's stable economy, making it the best place to invest in Africa. Today, that story has changed. Advocating for currency stability and good governance is key. 🇳🇬✊ Investing in a house beats a watch any day. Here's why:
📈 Long-Term Appreciation: Real estate appreciates, unlike watches that depreciate. A Patek watch made in 1950 won't have the same value as real estate from the same era, but our bad economy and high inflation fuel conversations like this.
💸 Income Generation: Houses provide consistent income, but a luxury watch can't. An owner can make a steady income on a house while still laying claim to it.
🛠️ Leverage for Business: Your house can fund a business; a watch can't. Taking a huge loan against your house to start a business is feasible. Pawnable watches are not commonplace in every country, especially in Nigeria.
🏡 Practical Utility: A house serves beyond investment; it's your home.
🛡️ Hedge Against Inflation: Real estate preserves wealth during inflation.
🔄 Diversification: Spread risk with real estate for balanced wealth management.
🔄 Leveraging Opportunities: Real estate allows borrowing for enhanced returns.
📊 Long-Term Stability: Real estate markets offer resilience compared to luxury goods.
A watch is a tangible personal asset or collectible. Real estate is a tangible and immovable asset categorized as real property.
Let's stop the madness, demand a stable currency, and advocate for good governance. 🙌🏽🌍