House rents frustrating while solutions are ignored

[EluguHcman]

My State of residence has been one of the most expensive cost of living states in the country (Nigeria).
I am making this thread after been overwhelmed about how students are being frustrated over high cost of house rents.

Imagine houses built between 2018-2023 where a single rooms rent is placed @ #130K which the rent fee is evaluated according to the nature of the economy and the cost of building materials which would be extremely expensive and houses built between 1990s-2017 charging its house same 1 single rooms at same rates at #130K even when the houses were build when the economy was kindly impressing comparing to today's.
    
I learnt about lot of students having the schools environment for their homes and the classroom desks for the mattresses simply because they can't afford even a single room for a rent.
A lot of them are able to have that one single rented room (s) only if they are partnered (roommate) while some others are struggled before they can have their own private living rented apartments.

We all knows the nature of single rooms and its inconveniences, how do we imagine such rented below #130k per year excluding sub fees and lavys.
This has got a lot of people taking the streets and the bridges as mansions Worth living due to the inabilities to the hike cost of rent and has also sent lot of masses who lives in the cities and rural areas back to villages where most of them has lost hope to lives and carriers supposed to be encouraged when in the cities has been buried beneath the foots.

This state of accomodations rent fees has left lots frustrated.
Last night I was on some significant reasoning with my friend on how possible the government can put an end to this increasingly house rentage following the economical inflations on its basis.

Solution opinion to the situation
The government could play and help minimize this hiking rents issues simply my issuing mandatory orders on every landlords and give them a specific range of charges they are expected to rent their house and anyone violating the rules must be penalized and every landlords must issues rentage receipts to every of its tenants because the amount stated in the receipt would be used to justify any of the reported landlords if overcharging their house occupants and there should be an active functioning phone number that is to be reached and report any forms of the landlords.

I think the cautioned of governments authorities to the landlords would help this nature of situations.

[Odohu]

My State of residence has been one of the most expensive cost of living states in the country (Nigeria).
I am making this thread after been overwhelmed about how students are being frustrated over high cost of house rents.

This is the latest evil in town; landlords in connivance with greedy agents have decided to push people out of their homes to live under bridge. They have decided to pour all their frustration on tenants by doubling the cost of rent amidst this excruciating economic condition. At this rate, people will only work to be able to pay rent and nothing more. Wahala for those of us wey never build house o. Now as your rent due date dey near, na so so vex you go dey vex. The misery of people have just been intensified by this latest woe that is sweeping across the state.... Port Harcourt in particular.

Solution opinion to the situation
The government could play and help minimize this hiking rents issues simply my issuing mandatory orders on every landlords and give them a specific range of charges they are expected to rent their house and anyone violating the rules must be penalized and every landlords must issues rentage receipts to every of its tenants because the amount stated in the receipt would be used to justify any of the reported landlords if overcharging their house occupants and there should be an active functioning phone number that is to be reached and report any forms of the landlords.

I think the cautioned of governments authorities to the landlords would help this nature of situations.

I was thinking you have a solution in mind, I never knew you are relying on government. Chai its obvious they have left you behind. Which government? Una get government? Assuming we had government, you would have expected they build low cost housing estates and that will crash the price of rent and alllowed the poor to breath from the hands of these greedy landlords.  But base on say for Naija it is "every mam for himself, God for all".

[Agbamoni]

My State of residence has been one of the most expensive cost of living states in the country (Nigeria).
I am making this thread after been overwhelmed about how students are being frustrated over high cost of house rents.

This is the latest evil in town; landlords in connivance with greedy agents have decided to push people out of their homes to live under bridge. They have decided to pour all their frustration on tenants by doubling the cost of rent amidst this excruciating economic condition. At this rate, people will only work to be able to pay rent and nothing more. Wahala for those of us wey never build house o. Now as your rent due date dey near, na so so vex you go dey vex. The misery of people have just been intensified by this latest woe that is sweeping across the state.... Port Harcourt in particular.

Apart from the greed of the Landlords and house agents. Most student are willing to pay whatever amount they are being told to pay. These people see students are the richest and are the people they can easily extort money from. This is because of the percentage of student that are involve in scams are much greater. Students leave more lavish than family or non-student. I will not blame the landlord I blame the government because there is no regulation of government that are in charge of these kind of things. Also, I blame other person s who have the money to pay whatever the cost. Because their lavish attitude has affected other student that do not have enough. I could remember when I was in search of an apartment last year, the house agents said if I don't have that amount to pay that there are lot persons who will pay for it.

[Zanab247]

I guess our government need to play a good role as a good leader they claim they are to make the price of building materials to decrease in the market because, the landlords use what they bought from the market to determine the house rent payment and, is affecting everybody that is on rent in the land. Can you imagine the self-contain we use to pay #300k for rent since 2021 till last two months, but it was a surprised thing that the landlord has increased the rent to #600k and, this is the house he build 10 years ago but since the price of things has increased in the market him too  decided to increased the house rent double.

Assume we have a leaders that their head is working well like all those developed countries, they would have install like 5 refineries in some states in Nigeria to stop this crude oil robbery other countries are robbery us in the name they are helping us to refine our crude oil.

[Obim34]

I do not see how this could help as the government has nothing to do with such matters arising, too many other relevant things they have to tackle that will help this country. We all know how the cost of building materials and accessories has increased over the years and considering the amount of money used to erect a building, starting from purchasing the land (Land inflates over the years), Cement(times three of the price over the years) etc... Considering all this you don't expect afther spending such amount of money, then with the hardship in the country you expect them to keep the price as of then. Everybody wants to make profits from there investments and that of erecting a house for the sole of rentage is worth making profits.

The only way the government can be of help is to reduce the cost of goods and services in the country and make the currency(Naira) worth something better.

[Justbillywitt]

Imagine houses built between 2018-2023 where a single rooms rent is placed @ #130K which the rent fee is evaluated according to the nature of the economy and the cost of building materials which would be extremely expensive and houses built between 1990s-2017 charging its house same 1 single rooms at same rates at #130K even when the houses were build when the economy was kindly impressing comparing to today's.

Sometimes why the houses built in 1990s to 2017 just as you have pointed out tends to charge the same amount as the ones built today is that the cost of repair and maintenance is always put into consideration. For instance a house built in 1990s might have lost some of it's modern tastes. So the landlord in an effort to modernized some of the old things in the house has to buy some of the building materials at today's market price. For example a landlord decide to change the zinc of his house built in the 1990s to a new more fashionable ones will buy the zinc with the price it is selling the market. So when the renovation is done, he will bring the room to the price that a room is letting in that area currently. Also Landlords of those houses built in the 1990s are are charging same amount as those built today is because houses serves as a hedge against inflation. If they don't do this they can't be able to keep up with the maintenance of the building as cost of building materials keeps going high in the market.     

[Miles2006]

I do not see how this could help as the government has nothing to do with such matters arising, too many other relevant things they have to tackle that will help this country. We all know how the cost of building materials and accessories has increased over the years and considering the amount of money used to erect a building, starting from purchasing the land (Land inflates over the years), Cement(times three of the price over the years) etc... Considering all this you don't expect afther spending such amount of money, then with the hardship in the country you expect them to keep the price as of then. Everybody wants to make profits from there investments and that of erecting a house for the sole of rentage is worth making profits.

The only way the government can be of help is to reduce the cost of goods and services in the country and make the currency(Naira) worth something better.

Na true sha, house rent fees no concern government, the issue is if government go help the economy I believe say difference go dey, but some buildings with low quality go still dey charge high fee for what, even if na modern building I for understand because the expenses to build house this season cost. The issue with high rent fees dey common for community wey school dey. For me this is pure wickedness and over smartness, because student dey the community na why house rent fee go increase.

Even if they want profit not with this kind of high fee, if na matter of profit everyone wants profit, everyone wants to earn high but make the over smartness of earning no affect people wey no fit afford high standard of living

[RockBell]

I do not see how this could help as the government has nothing to do with such matters arising, too many other relevant things they have to tackle that will help this country. We all know how the cost of building materials and accessories has increased over the years and considering the amount of money used to erect a building, starting from purchasing the land (Land inflates over the years), Cement(times three of the price over the years) etc... Considering all this you don't expect afther spending such amount of money, then with the hardship in the country you expect them to keep the price as of then. Everybody wants to make profits from there investments and that of erecting a house for the sole of rentage is worth making profits.

The only way the government can be of help is to reduce the cost of goods and services in the country and make the currency(Naira) worth something better.

People argue that since housing is a necessity for their people, the government should not be concerned about it and that private citizens should handle the problem instead. However, in cities like Abuja, one can observe a large number of empty houses as a result of the high cost of housing, which forces people to live where they can afford and in accordance with their income. Truly we know that the government has other issues but housing to is important, and their are other ways that the government can help improve the housing sector,  Although there are initiatives exploring various options for building materials to lower the cost of construction in the nation, no one is taking action. Because if we continue like this it will be more difficult for us to build because of the material.

[Dzwaafu11]

I guess our government need to play a good role as a good leader they claim they are to make the price of building materials to decrease in the market because, the landlords use what they bought from the market to determine the house rent payment and, is affecting everybody that is on rent in the land.

Yeah, you are right. If the government plays a very crucial role in how things are being sold to people in the market, everything will be fine because, with the way things are going, it is no joke and is not helping the citizens at all. Imagine something you bought today; you may go back in the day or the next day they double or increase the money, which is all because of how things are going in the country.

However, house renting is not that expensive in my state, but I have friends and family leaving in places where these things are expensive, especially in Abuja, where there are many empty houses. Just because of the price, the landlord wants to give out the apartments. Yes, I know every business welcomes a profit, but not the way some landlords behave. Some people will build houses this year and expect their money to be returned for the same or half of the amount they used to build them. That is why some of them put in a huge amount of money.

[Dr.Bitcoin_Strange]

OP, what you said is actually good, but the question is, with the way the Nigerian government is piloted and on top of how things are going on in the country, do you think that the cost of house rent is the top problem the government should be looking at? It's not as if it's something they should ignore either. I understand how important it is too, because some people can't afford those rent dues, but the truth is that the government will not look in that direction now. Those men in power are people who I see as only (roughly 60%) doing things for their personal interests and not minding the turmoil that society is facing. If you ask me, I will say that they can't control the house rent issues now.

[Cryptomultiplier]

The government doesn't have much say in setting a limit for the landlords to obey as regards a certain standard of rent to be collected from students seeking accomodations. It has to do with the environment, because where students live has always been a place where business thrives because it is thought that students spend a wholesome lot on feeding and housing inorder to be comfortable enough to study well and graduate without any extra year.

[EluguHcman]

Apart from the greed of the Landlords and house agents. Most student are willing to pay whatever amount they are being told to pay. These people see students are the richest and are the people they can easily extort money from. This is because of the percentage of student that are involve in scams are much greater. Students leave more lavish than family or non-student. I will not blame the landlord I blame the government because there is no regulation of government that are in charge of these kind of things. Also, I blame other person s who have the money to pay whatever the cost. Because their lavish attitude has affected other student that do not have enough. I could remember when I was in search of an apartment last year, the house agents said if I don't have that amount to pay that there are lot persons who will pay for it.

Honest truth the government has refused to do something about this woefully fails to Considering students by the level of national economy.
The government is embezzling at the governance sectors while individual such as the real estate management investors are at the privates sectors with no remorses or sympathy
Who is richer is growing richer and who is poor do going poorer.
I think this is where the necessity of this threads title is more valid https://bitcointalk.org/index.php?topic=5471026.msg63266762#msg63266762 which says "Why do people think it is a mistake or being a Nigeria".

I know about a landlord in my neighborhood who doesn't let his tenants exceed two years of residence simply because he feels that he needed that extra payment of tenants agreements fee, drinking money and all that from the new tenants without considering they are students.
Yet the house agents at the other hands has been so selfish that even when known that some houses is not worth living yet they streams, hypes the house on disguise and bringing more of residential in needs person's in there.

Government can put this high voltage of house rents increments to a limited rate simply but that is not one of their problems because they believes such interventions would not offer them any form of revenues to generating of funds.

[Hewlet]

While I was in school I went through hell regarding this whole housing issue. I was living in a place where house rent wasn't all that expensive and the houses their where to some extent of standard but when I finally got admission and relocated to school in search of accommodation, the frustration was just on my neck.

Should we talk about the several movement fee you have to pay and you will be taken to a house that's more like a shrine or the 15k agent fee you have to pay for before even paying to house rent. What about the care taker fee, the drinking money nkor? What about lawyer fee? Security nkor? And I'm just a student oh! After paying all those money you finally get access to your one room and if you see toilet you fit just begin cry.

House matter no be small thing for we country o! If people tell you their experience with landlord and some caretaker eh, you got just begin gather money run go your village. I know of a place that they will even take your money from you and will disturb you with diabolical powers that within 3 months, an you go run for your life live the money for them.

Nija people an Cruise.

[Y3shot]

I think this is a matter the Federal Government needs to look into, the price of House rent is too much and you will be surprise that people use all their savings they have worked for the year to pay for rent, and in this difficult time owners of house are still increasing the amount of rent. One of the annoying part of this rent issue apart from the money of the rent, their are other fees with that are also high which if it is added to the main rent fee the total money becomes very huge, which many people find it very difficult to raise.

[Jamestown70]

This cost of house rent is majorly based on the cost of building materials cement for example is sold not below 5500 per bag cost of iron rod is sold for 6500 to 7000 naira for a single rod a packet of cheap tile is sold not below 3500 which way Nigeria honestly i think the government has a whole role to play before dey can mandate this landlords to do their own bidding let me state some of the measures below

OPINION
1 The government should try as possible to reduce the cost of building materials more especially cement which I think enough monopoly was given to Dangote who sells cement cheaper in other countries because there is competition there and him selling more higher here in his own country which is bad.

2, The government have to try as possible to stabilize the naira because when the naira has value things will be cheaper compared to now when  a naira to one dollar is 1000 how do you expect these business men to import building materials from foreign countries when our currency has little or no value,

3, if the Nigerian government is serious about housing they can come up with a plan to be building at least 50 unit housing every year across the nation to be given at cheaper rate compared to individual house owners, every state including the federal government can come up with this kind of plan by building 50 unit housing every year before you know it this housing issue must have been of a thing of the past in 15 to 20 years time.

[AVE5]

You are right at OP, I am a living withnesses to the saddened situations about this housing and accomodations situations.
You also have made a good point on how this problem can be resolved.
That if the government as an authoritative bodies can imply such a system of such as mandating every house owners to have an federal accomodations monitor agencies hotlines and emergencies phone numbers on their receptions issued to their tenants with the obligation of the government to had evaluated the value of the environmental regional planning and places a maximum value rate (amount) of house rent that each and every house owners should abide to without exceeding and of exceeded to charge beyond that of the affirmed authority, then the tenants should be licenced and endivoired to call on the agencies phone number stipulated on the house receipts.
A penalty for every violations should be clearly made and then the authorities power of order would be considered influential in the societies.
But the problem is ... Is it this same government that rebels its masses that would take such measures of task without considering what they can gain between in house owners frustrating the tenants and also the tenants being frustrated?
Of course it is a possible implementation but impossible for the government to do.

[Gozie51]

Imagine houses built between 2018-2023 where a single rooms rent is placed @ #130K which the rent fee is evaluated according to the nature of the economy and the cost of building materials which would be extremely expensive and houses built between 1990s-2017 charging its house same 1 single rooms at same rates at #130K even when the houses were build when the economy was kindly impressing comparing to today's.
    

My broda e no matter oo. E dey inconsequential wen dem build the house that na why house and land still be the best investment for naija. Oya see, shebi you know say that old house go still need repairs and maintenance, so if landlord go market dem no go give am dat old price na, him go buy on current price so na the thing be that. If person pack in now dem go request for repairs for inside the house and na still new price for materials wey landlord go buy.

Also, owner of house or landlord na still part of the country and dey go same market, transport, pay school fees for children, so na the one wey you get you go still take sustain yourself.

The bulk of the issue na bad economy, make government fix the economy and rejuvenate price control system.

[Doan9269]

Solution opinion to the situation
The government could play and help minimize this hiking rents issues simply my issuing mandatory orders on every landlords and give them a specific range of charges they are expected to rent their house and anyone violating the rules must be penalized and every landlords must issues rentage receipts to every of its tenants because the amount stated in the receipt would be used to justify any of the reported landlords if overcharging their house occupants and there should be an active functioning phone number that is to be reached and report any forms of the landlords.

This is not the solution to this kind of challenges, firstly i don't think house rent is that unaffordable in Nigeria to that extent except you don't go for your size, this also depends on the kind of location or city you are, even in advance countries, there's no uniformity in house rent pay rate, the only exception are the ones under the government schemes, but each individual has the right to place any amount he feels comfortable with for his rent charges, the landlords built their houses themselves and not the government, so they can make demands on any rate they feel satisfied with.

[royalfestus]

Solution opinion to the situation
The government could play and help minimize this hiking rents issues simply my issuing mandatory orders on every landlords and give them a specific range of charges they are expected to rent their house and anyone violating the rules must be penalized and every landlords must issues rentage receipts to every of its tenants because the amount stated in the receipt would be used to justify any of the reported landlords if overcharging their house occupants and there should be an active functioning phone number that is to be reached and report any forms of the landlords.

This is not the solution to this kind of challenges, firstly i don't think house rent is that unaffordable in Nigeria to that extent except you don't go for your size, this also depends on the kind of location or city you are, even in advance countries, there's no uniformity in house rent pay rate, the only exception are the ones under the government schemes, but each individual has the right to place any amount he feels comfortable with for his rent charges, the landlords built their houses themselves and not the government, so they can make demands on any rate they feel satisfied with.

House rent in Nigeria is one of the cheapest in the world if compared especially to the western world. The amount mentioned at 130k is less than 200 dollars for a room in a year, Imagine. The cost of building the same house is high and owners are not likely to breakeven on the investement in 30 years, so my conclusion is the purchasing capacity of Nigerians in low. Let everyone including students have abillity to work even just 5 hours daily and earn 50k in a month, it wont be difficult to pay the 130k at the end of the year.

[Munir001]

This is worrisome but unfortunately the government you're relying on to solve the problem won't do anything. Government is supposed to have a functional price regulatory body(agency) that control the price and goods. This agency go around the towns and markets to investigate and control the prices of goods (especially the commodities that have fixed price), but unfortunately we're not seeing doing the job. Now is it house rent the same government can control? Remember house rents also depends on several factors, such as location, standard/quality etc.

Meanwhile some of us are also part of the problem. A greedy landlord in collaboration with a greedy and selfish house agent will put outrageous amount as rent. While you're still complaining of the outrageous amount, you will see another person rushing to pay!

I have to be specific. Here in PH if you don't earn good money, to rent the least comfortable self contained would be very difficult. I believe house agents are even a major problem.