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.