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The Concept of Equity in Real Estate

“The home owner may be unlucky even, that is he or she might end up not selling the property for the N15 million he bought or spent on the property and instead, sell it for something lesser like say N10 million all depending on the economic turns.  “

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The Concept of Equity in Real Estate

So what’s the fuss really on about Equity in Real Estate, you obviously may be wondering about as a newbie in the real estate business.

It’s pretty much a very simple one actually because it’s more of an investment by a homeowner made on his own mortgage home.

In essence, the home is an investment that has a market value, take away any fees that the home owes in mortgage and whatever is left of it is the equity of the property.

The Concept of Equity in Real Estate

Equity.

Take for example you are able to sell your home for N25 million after having bought it or spent a huge chunk of money building and keeping it in maintenance for not less than N24 million, the N1 million you get to keep as a profit for its sale is the equity the minute all expenses made on the house are paid.

The benefit of having your home become an equity is so it can be leveraged as a financial asset in times of obtaining loans to pay off debts or to finance investments.

Equity of a house can be built for instance when a house gets to be purchased by an individual and he or she gets to make a large down payment on the property of pay it off quickly in time for its value to rise before selling it off for profit.

Or, a home can be improved upon to increase its value in the eyes of investors.

And of course, a house can also lose its value in the real estate market if the building falls into disrepair or damage, or worst of all, through economic depressions and market changes.

In this case, say the economy becomes a mess and you are thinking of selling your property at such times, you may be selling at an inflated price that may not be up to the amount you spent on it in prior years.

For example, say you bought or built a property for N15 Million in the 1990s, and you are trying to sell it in current climate, of course, the money that would be paid could end up being N30 Million but measuring the worth of the N15 million you spent on it in the 1990s may be worth more than the N30 million that is being paid or the equivalent of it.

The Concept of Equity in Real Estate

When this happens, then there is obviously no equity.

The home owner may be unlucky even, that is he or she might end up not selling the property for the N15 million he bought or spent on the property and instead, sell it for something lesser like say N10 million all depending on the economic turns.

So a building equity allows for a return on investment the minute you decide to sell your property.

Finance

Usain Bolt Gets Duped Of $12 Million Savings

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Usain Bolt Gets Duped Of $12 Million Savings

Usain Bolt, the Olympic sprinting champion from Jamaica, lost millions of dollars in his account with Kingston-based Stocks and Securities Ltd.

The legal team for the racing star stated they are prepared to launch a lawsuit if doing so would allow them to recoup the $12 million that inexplicably vanished from Bolt’s account.

According to a statement made by Bolt’s attorneys, there is reportedly just $12,000 still in Usain Bolt’s account.

“The account was part of Bolt’s retirement and lifetime savings,” his lawyer, Linton P. Gordon, told Fortune magazine over the phone. It’s distressing news for anyone, and certainly in the case of Mr Bolt, who established this account as part of his private pension,” Gordon said on Wednesday.

“We will be going to court with the matter” if the company does not return the funds, Gordon said. It is a grave disappointment, and we are hoping that the matter will be resolved in a way that Mr Bolt will recover his money and be able to live in peace.”

The business’ response was: Stocks & Securities Ltd. stated in a statement on January 12 that it had informed law authorities of the fraudulent activities by a former employee.

It said that it has tightened standards and taken steps to safeguard consumers’ assets.

The “alleged fraudulent operations at SSL that are reported to have affected the accounts of Mr. Usain Bolt and other persons” are being investigated, according to a second statement made on Monday by the Jamaica Constabulary Force.

The Jamaican government participates: Nigel Clarke, the finance minister for Jamaica, asserted SSL had perpetrated “alarming and vile fraud” on Tuesday night and vowed to “bring all perpetrators to account.”

According to the Associated Press, Mr. Bolt’s account with the business was established as a pension for both of his parents as well as the eight-time Olympic gold medalist sprinter.

After dominating the sprinting world for a decade, reviving a sport ravaged by drug scandals, and becoming as well-known as Muhammad Ali, Bolt announced his retirement in 2017.

 

 

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Finance

Bitcoin Trades Higher Than Meta and MasterCard In Value

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Bitcoin Trades Higher Than Meta and MasterCard In Value

With a gain of almost 25% over the previous two weeks of 2023, Bitcoin began the New Year on a positive note and was trading above $21,000, trading higher than MasterCard and Meta in value.

Additionally, Bitcoin is now more valuable than brands like MasterCard and Meta, with a market worth of over $400 billion.

By market capitalization, the biggest cryptocurrency has maintained a price above $21,000, which is a level it has not traded since November 2022.

Prior to a flurry of encouraging economic news, notably a drop in the U.S. Consumer Price Index (CPI), which finally sent cryptocurrency and stock prices northward, Bitcoin was trading below $17,000.

A psychological price ceiling of $20,000 and BTC’s 20-week exponential moving average (20-week EMA; the green wave) at $19,500 formed a resistance confluence that was broken by the price increase.

Strong volume breaking three resistance levels demonstrates traders’ confidence in a prolonged market advance. Should it occur, Bitcoin’s next upward objective is at its 200-week EMA (the yellow wave), which is roughly $25,000. This represents a 20% increase over the current price.

Dollar cross of doom The U.S. dollar is down due to anticipation that the Federal Reserve would cease rising interest rates as a result of decreased inflation, which contrasts with Bitcoin’s bullish technical outlook.

Since March 2020, the two assets have usually moved in opposition to one another. According to TradingView, as of January 16, there was a -0.83 daily correlation coefficient between Bitcoin and the U.S. Dollar Index (DXY), a measure of how strong the dollar is relative to its main rivals.

In an email, Bradley Duke, co-CEO of cryptocurrency ETP provider ETC Group, claimed that positive economic data in the US, including lower inflation statistics and strong job growth numbers, as well as positive economic data in Europe in which the EU released unemployment stats that were the lowest in 23 years.

The BTC future market echoed this shift in mood, with traders placing long bets four days in a row based on the Long-Short ratio.

Head of research at the Canadian digital asset management 3iQ, Mark Connors, explained:

“Looming large in our three-part thesis on digital asset adoption is the juxtaposition of a growing U.S. debt load set against a declining workforce that is ‘ageing out. If we don’t let inflation cut our debt in real terms and we cannot grow out of it, expect more of it.” He further added, “BTC is more correlated to debasement than inflation, so not surprised to see BTC lift with the prospects of more debt.”

Despite Bitcoin’s 30% increase above $20,000 so far in 2023, on-chain data reveals that institutional investors are not supporting the purchasing trend.

For instance, according to CryptoQuant’s Fund Holdings index, the total quantity of Bitcoin owned by holdings of digital assets such trusts, exchange-traded funds, and other funds has been decreasing amid the coin’s price surge in recent months.

According to comparisons between CryptoQuant’s Token Transferred and Fund Flow Ratio measures, no noteworthy transactions happened on-chain but rather on cryptocurrency exchanges, suggesting that this is solely a retail rally.

Other significant cryptocurrencies were up earlier this week, with CRO, the token of exchange Crypto.com, gaining by more than 7%. SOL, the Solana blockchain’s native coin, increased by more than 1.4% to maintain its recent upward trend. In addition to its recent improbable gains, FTT, the token of troubled cryptocurrency exchange FTX, increased by more than 24% at one time.

Over the weekend, the total value of the cryptocurrency market reached $1 trillion, and since Friday, there have been more than $500 million in short liquidations—bets against rising prices—making this the largest amount since November 2022.

The Crypto Fear & Greed Index has reached 45, remaining in the fear zone. But compared to June, this is perhaps six times more.

 

 

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2023: Millions Of Nigerians In Danger Of Hunger—UN

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2023: Millions Of Nigerians In Danger Of Hunger—UN

World-leading union, UN has risen to warn to the Nigerian government on a projected forecast of hunger in the country in the months of June and August.

In order to avoid 25 million Nigerians from being hungry this year, the UN cautioned that immediate measures must be done.

The United Nations issued a warning that 25 million Nigerians face a starvation risk between June and August of this year and urged immediate action to avert this.

This information was revealed by the UN Associate Spokesperson, Ms. Stephanie Tremblay, on Monday in New York, according to NAN.

The UN asked both public and private partners to commit funds to address the nation’s food insecurity.

According to NAN, Ms. Stephanie Tremblay cautioned that in order to keep 25 million Nigerians from becoming hungry this year, immediate measures must be adopted. Tremblay stated:

2023: Millions Of Nigerians In Danger Of Hunger—UN

“Nearly 25 million Nigerians are at risk of hunger between June and August this year if urgent action is not taken.

“This is according to the October 2022 – Cadre Harmonisé, a food, and nutrition analysis led by the government of Nigeria, in partnership with the Food and Agriculture Organisation, UNICEF, and the World Food Programme”.

Conflict, inflation, and climate change were all mentioned by Tremblay as the main factors influencing the danger of hunger.

From the report:

Continued conflict, climate change, inflation, and rising food prices were the key drivers of this alarming trend, noting that children were the most vulnerable to food insecurity.

Over 400,000 hectares of cropland were destroyed by statewide floods in Nigeria last year, which caused a surge in the country’s food inflation rate, which increased to 23.72% on an annual basis by October 2022.

While insecurity contributed to the failure of the agricultural sector last year, the lack of proper investment could become a huge detriment this year for Nigerians.

 

 

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