Watch US-based Ghanaian share his personal experience investing in real estate business

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Johnathan 1 year ago

He's right on the Money, it's either politicians and public servants who have looted government money through government contracts buying these properties

He's right on the Money, it's either politicians and public servants who have looted government money through government contracts buying these properties
ST GHFUO: GH LEADERS ARE NOT ENLIGHTENED 1 year ago

what were you thinking? no system is foolproof. what about the mortgage(gauging your death) system in the whiteman world. you can never pay off your home on time and the house will incure interest so when its all said and don ...
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what were you thinking? no system is foolproof. what about the mortgage(gauging your death) system in the whiteman world. you can never pay off your home on time and the house will incure interest so when its all said and done a home you may have purchased for $350,000 dependng on where you bought it. will end up accruing interest and you the mortgage owner will end up paying almost half a mil before the home is aid off. now based on market rates at the time of sale are you guaranteed to sell the house for a profit or a loss? i will leave those with homes in the white mans world to offer an answer to this.
Ochee-Do-Chee 1 year ago

ST GHFUO: Please are you one of those who talk just because you want to be heard? This guy is talking about outright payment not mortgage for a studio and paying at least $150 per month in addition for whatever services we do ...
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ST GHFUO: Please are you one of those who talk just because you want to be heard? This guy is talking about outright payment not mortgage for a studio and paying at least $150 per month in addition for whatever services we don't know. You pay mortgage in the WHITEMAN'S country if you take mortgage, not if you pay for your property outright. Yes you pay property taxes and home owners association fees every year but the values of those properties hardly decline. That aside, I think the impact of this guy's post is how do most Ghanaians who own these properties afford them on their income? Are most of these people fronting for some foreigners for tax purposes or engaged in some dubious activities?
P Djamgbe 1 year ago

The guy is absolutely right, those buying such properties are the party faithfuls with looted money (whether NPP or NDC), and corrupt financial institution workers. My brother bought a land and started building a house before ...
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The guy is absolutely right, those buying such properties are the party faithfuls with looted money (whether NPP or NDC), and corrupt financial institution workers. My brother bought a land and started building a house before he travelled to Europe. As he was sending money to continue with the house at a very slow pace, a guy came around and bought the land next to his and with the blink of an eye he had finished his house to the smallest detail. And when someone (maybe his friend) asked why he was in such a hurry - whether he was being evicted from his residence, he said he wanted to finish before the bank knew anything - apparently he was working in a bank.
The Voltarian 1 year ago

Well, I think we all know the answer as to why "some Ghanaians" can purchase such properties.
How else can Akufo Addo and the NPP launder all the looted billions of dollars?

Well, I think we all know the answer as to why "some Ghanaians" can purchase such properties.
How else can Akufo Addo and the NPP launder all the looted billions of dollars?
Jamestown Bi-Sam 1 year ago

You lie bad. Some of us have paid off our mortgages long time ago and live rent free and mortgage free. What the man is saying is there's no way no how, how the average Ghanaian can afford these prices unless you want to be a ...
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You lie bad. Some of us have paid off our mortgages long time ago and live rent free and mortgage free. What the man is saying is there's no way no how, how the average Ghanaian can afford these prices unless you want to be a kayayoo so that you can be gifted a room in the kayayoo hostel.
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GHANABA 1 year ago

GHANA IS A CRIME SCENE AND THAT IS CLEAR TO SEE FROM THESE THINGS. THE OVER SYSTEM IS CORRUPT. THANKS FOR COMING OUT TO SAY IT LOUD.

GHANA IS A CRIME SCENE AND THAT IS CLEAR TO SEE FROM THESE THINGS. THE OVER SYSTEM IS CORRUPT. THANKS FOR COMING OUT TO SAY IT LOUD.
Ghost 1 year ago

My brother, you are not far from the truth. But in Africa, sika biaaaaa y3 sika. Lol Fraud monies, religious money, politics money and more are all in real estate business

My brother, you are not far from the truth. But in Africa, sika biaaaaa y3 sika. Lol Fraud monies, religious money, politics money and more are all in real estate business
ST GHFUO: GH LEADERS ARE NOT ENLIGHTENED 1 year ago

people in usa also engage in corrupt moves to buy houses...you have corrupt politicians, you have corrupt ppl in schools, wall street, corrupt people in shipping all kinds of hustle...such is life

people in usa also engage in corrupt moves to buy houses...you have corrupt politicians, you have corrupt ppl in schools, wall street, corrupt people in shipping all kinds of hustle...such is life

Ghanaboy 1 year ago

But in the US, if youre caught engaging in any stealing or fraudulent activities, the law will deal squarely with u. As i write, a senoir senator in N J is being tried for bribery. What happened to those parlimentarians who ...
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But in the US, if youre caught engaging in any stealing or fraudulent activities, the law will deal squarely with u. As i write, a senoir senator in N J is being tried for bribery. What happened to those parlimentarians who took double salaries in Ghana?:
?
Jamestown Bi-Sam 1 year ago

Nothing, nothing, Nothing

Nothing, nothing, Nothing
ST Ghfuo: Gh leaders are not enlightened 1 year ago

See am that nj senator isLatino. How many white politocians have you heard or seen been sent to court for corruption? You think the law is for everyone? .

See am that nj senator isLatino. How many white politocians have you heard or seen been sent to court for corruption? You think the law is for everyone? .
Kwame 1 year ago

State Housing Company and State Construction Corporation must be refinanced to build houses, least I forget the Ghana Prefabricated Factory.

State Housing Company and State Construction Corporation must be refinanced to build houses, least I forget the Ghana Prefabricated Factory.
Ghost 1 year ago

Cheddar is a billionaire with real estate money. A scrap dealer turned into a real estate mogul. How many houses has he sold here in Ghana. Even the likes of Regimanuel Gray etc don’t boast of being billionaires. Lol. Only ...
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Cheddar is a billionaire with real estate money. A scrap dealer turned into a real estate mogul. How many houses has he sold here in Ghana. Even the likes of Regimanuel Gray etc don’t boast of being billionaires. Lol. Only mayopic people don’t see through cheddars bullshit.
Boss 1 year ago

We know.
Ask him what happened for the government of Switzerland to block his purchase of a private jet in 2019.

We know.
Ask him what happened for the government of Switzerland to block his purchase of a private jet in 2019.
Joe 1 year ago

Totally disagree.There're a lot of people in the system making tonnes of money but don't pay taxes to the government and that's difference between Ghana and the developed world

Totally disagree.There're a lot of people in the system making tonnes of money but don't pay taxes to the government and that's difference between Ghana and the developed world
Winner’s 1 year ago

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Tweaa! Cecelia Dapaah can buy 1000s of these 1 year ago

My brother, our economic model is magical, unlike that in the US. So pls stay away if you don't grasp it right. We shall buy and keep our properties the Ghanaian way.

My brother, our economic model is magical, unlike that in the US. So pls stay away if you don't grasp it right. We shall buy and keep our properties the Ghanaian way.
You are a corrupt individual with no morals 1 year ago

Look at you. You boast criminality real estate prices and suffering of others like a badge of honor. Our real estate is one of the most expensive in the world yet the quality of life here is one of the worst. Someone with so ...
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Look at you. You boast criminality real estate prices and suffering of others like a badge of honor. Our real estate is one of the most expensive in the world yet the quality of life here is one of the worst. Someone with sound logic tells you a problem that if not addressed soon, will lead to this natiomns demise and you tell him to mind his own business. Twea..smh Ghanaians

Bb 1 year ago

Bro,you are speaking the truth,they are all stealing from the weak system

Bro,you are speaking the truth,they are all stealing from the weak system
Bb 1 year ago

Are you shocked hmmm take heart ghana for you.You go explain Taya

Are you shocked hmmm take heart ghana for you.You go explain Taya
kanawu 1 year ago

Ghana is a crime scene

Ghana is a crime scene
Afroboy 1 year ago

Only novices believe Ghanaians are honest people. Most of them are thieves. They live lavishly yet their salaries cannot pay for their lifestyle. So much corruption and thievery

Only novices believe Ghanaians are honest people. Most of them are thieves. They live lavishly yet their salaries cannot pay for their lifestyle. So much corruption and thievery
Danny Currency Trader 1 year ago

my brother the mistake u are making is thinking of mortgaging in Ghana. With $130k u can buy your land and build your own unit for less than that so those charges u are talking about wouldn't exist. I don't think anybody look ...
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my brother the mistake u are making is thinking of mortgaging in Ghana. With $130k u can buy your land and build your own unit for less than that so those charges u are talking about wouldn't exist. I don't think anybody looking to invest in property would do it that way. U will simply lose if u are thinking of mortgaging anything to make a profit in Ghana unless u have a very long term view..
MP 1 year ago

Those buying:
1) Ghanaian professionals relocated and working outside of Ghana
2) Ghanaians working as expatriates, quite common in the mining industry
3) Ghanaians in good paying jobs . Some companies giving housing loa ...
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Those buying:
1) Ghanaian professionals relocated and working outside of Ghana
2) Ghanaians working as expatriates, quite common in the mining industry
3) Ghanaians in good paying jobs . Some companies giving housing loans to employees
4) Of course corrupt politicians and businessmen

Most Ghanaians don’t take even holidays so all their money goes into investment.

So there are corrupt people in this country but there are many that genuinely make their money. I know many that have done expart jobs and own many properties in this country.
Anokwale 1 year ago

You have a correct analysis but the price inflation is being fueled by those who are hiding "illegally obtained money" in real estate. Some of the pricing does not make sense.

You have a correct analysis but the price inflation is being fueled by those who are hiding "illegally obtained money" in real estate. Some of the pricing does not make sense.
Kobby 1 year ago

Apt analysis. There are highly skilled and sort after Ghanaian professionals earning good money working for international firms in Ghana. There are also Ghanaian expats working for tech giants, oil firms and banks in Europe, ...
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Apt analysis. There are highly skilled and sort after Ghanaian professionals earning good money working for international firms in Ghana. There are also Ghanaian expats working for tech giants, oil firms and banks in Europe, North America and the Gulf who invest back home. There are also Ghanaian business owners who have carved a niche for themselves in consulting and midsized business making good money. And finally Ghanaians from old money. These folks work really hard for their money.
kanawu 1 year ago

Massa don't spend 130K USD on an apartment in Accra.
You can build your own house in Ghana for less than that.
And to his main point yes, the developers putting up these houses know damn well the average Ghanaian do not ma ...
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Massa don't spend 130K USD on an apartment in Accra.
You can build your own house in Ghana for less than that.
And to his main point yes, the developers putting up these houses know damn well the average Ghanaian do not make anywhere near the prices they are selling for. It's a criminal money laundering operation. Thieves using real estate to hide and wash dirty money
Anokwale 1 year ago

I will push back a bit. 130K makes sense because the complex already has back up systems for water and electricity. More importantly, they have security.
When you build your own place, there are so many invisible costs th ...
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I will push back a bit. 130K makes sense because the complex already has back up systems for water and electricity. More importantly, they have security.
When you build your own place, there are so many invisible costs that you often forget about.

Kwame 1 year ago

This man says that it takes Ghanaians who invested in the real estate business 20 years to recoup their investment.
But, wait, the same person said foreign real estate developers are making money.
So he is suggesting that ...
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This man says that it takes Ghanaians who invested in the real estate business 20 years to recoup their investment.
But, wait, the same person said foreign real estate developers are making money.
So he is suggesting that Ghanaian estate developers cannot make profit but foreigners in that sector are making money.
That is the contradiction here.
Cameraman 1 year ago

THE DWARF MAN AND HIS MAFIA DEM

THE DWARF MAN AND HIS MAFIA DEM
TruAries 1 year ago

Ghanian are magician..

Ghanian are magician..
Accranie 1 year ago

This is only a part of the story and usually people who try looking into a bottle with their two eyes experience such

This is only a part of the story and usually people who try looking into a bottle with their two eyes experience such
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Boss 1 year ago

My friends, do not dispute the fact that there are thousands of very successful businessmen in the country, operating their businesses in Ghana and living in Ghana. You can't easily conclude that all the people that have boug ...
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My friends, do not dispute the fact that there are thousands of very successful businessmen in the country, operating their businesses in Ghana and living in Ghana. You can't easily conclude that all the people that have bought these estates in cash are corrupt or earned their monies through dubious means. It is also true, that some may have acquired theirs through dubious means but PLEASE, many Ghanaian businessmen can afford these houses/apartments. Y3te sika so wai.
s))mli 1 year ago

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Watch US-based Ghanaian share his personal experience investing in real estate business

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