Thursday, February 27, 2020

Why Real Estate Is Better Than Bank Savings (Part 1)




A lot of people have asked repeatedly; “between investment in Real Estate and
Bank Savings, which one is Better?”

Uyo Lands presents why Real Estate is Better than Bank Savings, based on the following points:

I know that “Savings is one of the signals to wealth”.

1. Fiat Currencies Depreciate in value while Real Estate Appreciates
As the day goes by, the purchasing power of money depreciates as its value depreciates as well: Purchasing power is directly proportional to the its value. What your 1,000 units of money could afford as at last 5 years cannot be afforded today, because the value continuously depreciates. But, we at UyoLands have witnessed people purchasing lands with N50,000 and end up selling that same property for N2,000,000, after     some time.

2. Interest Paid on Savings Look Insignificant, Compared to Those Derived From Real Estate Investments
Saving money in the bank attracts interest. But what can the interest actually afford, after calculating the value lost?
Even fixed deposits attract 10% per annum. But I tell you that the dividends received doesn’t solve the same problems that it would have been solved before this time, due to inflation.

3. The Money Saved in the Bank is a Seed to the Bankers
When we put money in bank, the bankers have the ability of loaning out the money for people who need loan and rake in interest far more bigger than the interest they give you. It is believed that bankers use Other People’s Money (OPM) to build estates and allow the poor to rent, making the Rich to be richer and the Poor, poorer.
With the few points, it is believed that even a blind man can see that Real Estate Investments produce far more interests than saving the money in the bank. Watch out for the continuation of this article.

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