how do people own homes in countries where the mortgage doesn’t exist?
In: Economics
In Nigeria, most people( not estate investors because there a lot of those who build estates and sell) who build private houses take their time. So they keep adding to the house as money comes. My dad completed building his house in like 3 – 4 years. We moved in when a section of the house was completed. It’s a work in progress. I think that’s the reason for a lot of uncompleted buildings
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