What Rush is saying is spot on. I also got scammed trying to get a deal, fortunately, it was for a low Ghana cedi amount. Took the person to court, and got a judgement. Payments are being made. I have certainly learned my lesson.
People who have never lived in Ghana can't understand and appreciate how difficult it is to get certain things done. Thanks, Rush, for throwing light on this issue.
Inconvenient truth. I have no idea why some people think that the economic forces and market principles at work everywhere do not apply in Africa. Really strange!
Gratitude for your transparency... Those who have ears let them hear... Sadly~ I lived in Ghana for a short period. Scamming has become the culture there not just the real estate industry. Humans who mentally live in lack thrive in survival mode.
In Ghana here, you must be criminal in knowledge else someone will teach you a lesson you will never forget. What Mr Rush is saying is true scammers are everywhere come out with juicy words so we must be very careful.
The main problem is that ghana infrastructure and economy doesn't support a home costing $300k- $600k+ at this point it's just simply people changing high prices because they can. There is nothing that justify the cost. Simply saying high material cost doesn't justify the prices because the economy is a large factor in home prices. And from what I can see ghana economy is not that stable or even have the infrastructure to even support that wild housing market. Can you even get homeowners insurance in ghana?
So much facts in what he is saying. In real estate there are levels low income and high income. People say properties are too much speak for yourself, To someone else it is a steal!! I am building right now three 3 story buildings materials are not cheap especially iron rods!! so if you can’t afford Step aside
Rush you are a smart guy and i respect u a lot but we all know Ghana's housing pricing is very much inflated not necessarily due to the cost of materials but because there is a lot of dirty money in the system that's why i believe that one day soon the house price bubble in Ghana will pop. Not every diasporan is ready to pay crazy prices to buy something in Ghana and will look elsewhere that is priced more fairly
Thank you. You are right, some houses are inflated, but building in Ghana is not cheap. Thus, when one comes across a two-level 4 bedroom house going for $80,000 on a $30,000 land, one must be careful.
The reason is that in the past 5-8 years Ghana has created a value for itself, and as we know, with high demand, comes inflation. Yes eventually what goes up must come down
Your video makes a lot of sense but it still doesn’t take away that there are scammers in Ghana sir, and in almost ever sector .. I live here so I know
Why do people keep comparing the American housing market prices to Africa as if they are the same markets. Well if we are going to compare the two than you also have to compare the economy and average wage/ income. OK let's do it In America the average wages or income is approximately $63,000 usd per year or about $5,250 per month. OK now let's do ghana the average wages in ghana is approximately $65.00 - $645 per month or $780 - $7,740 per year. Now do you see why a home costing $300k-$600k is a problem and a sticker shock because the price doesn't match the economy or local income so that technically makes that home more expensive than America homes.
My brother, Most of your people don’t like truth 😂😂😂… some would hate you for telling them the truth rather 😂😂😂 they love to be pampered, that’s why they get taken advantage of, and they not ready to accept its partly their fault 😂😂😂😂
It is all down to the laws of demand and supply but the diaspora community has also contributed immensely to the imbalance in the market system hence why real estate has now become super expensive in a lot of these African countries. Most African countries are still, to a large extent, developing countries with a lack of basic infrastructure that you would normally take for granted in the Western world, so it doesn't make any sense that real estate should be more expensive in Africa compared to the developed world. For example, there are a lot of places in the southern states of America where you can still buy good house with big plots for under $200,000. You can buy a farm with buildings on an acreage in rural Kentucky for under $500,000. This is in America with good infrastructures , security and access to good medical facilities. Why would somebody pay a $100,000,000 for a house in Africa when for the half of that amount of money you can buy a penthouse right on the ocean in Miami or even a 4 Bedroom house with your own jetty to the ocean in some of the best neighbourhood in Miami where you get to rub shoulders with celebrities that live in these neighbourhoods. The fact is, African developers are becoming too greedy and unrealistic but I don't blame them since a house is only worth what someone is prepared to pay for it. As long as there are a lot of Disasporans who are willing to throw their hard earned dollars at these developers then prices will only continue to go up. I see a lot of these young developers on TH-cam driving around in their million dollars cars in Lagos and Accra and you wonder at whose expense are they buying all those flashy cars. Obviously, some ignorant people in diaspora are throwing their money at them and can you blame them for taking the money?. If the demand from diaspora dries up, a lot of these real estates in Africa will quickly see massive drop in their values. There are places in Europe where even $100,00 will buy you good investment properties with a good return on investment in the long run and where your money and investment will be relatively safer. The truth is African real estate has become too expensive and developers have become too greedy. Market corrections will happen at some stage and some people may not come out well on the other side.
Rush, I was in Ghana in September to January 24. I want to come back to live and invest. I left because my brother was sick and I the hospital, so I had to come and see about him. How can a retiree with social security make it in Ghana. Please hit me up.
People in high and low places have made this their god. There are entice to do whatever it takes to get it. People will steal to get it, lie to get it, cheat to get it, and even delete another to get it.
Leave Nigeria out of this… Ghana was build up to be a dream but in reality it is hell. Everything is cheaper in Nigeria compared to other African countries 🤭
What Rush is saying is spot on. I also got scammed trying to get a deal, fortunately, it was for a low Ghana cedi amount. Took the person to court, and got a judgement. Payments are being made. I have certainly learned my lesson.
People who have never lived in Ghana can't understand and appreciate how difficult it is to get certain things done.
Thanks, Rush, for throwing light on this issue.
Inconvenient truth. I have no idea why some people think that the economic forces and market principles at work everywhere do not apply in Africa. Really strange!
Gratitude for your transparency...
Those who have ears let them hear...
Sadly~
I lived in Ghana for a short period. Scamming has become the culture there not just the real estate industry. Humans who mentally live in lack thrive in survival mode.
In Ghana here, you must be criminal in knowledge else someone will teach you a lesson you will never forget. What Mr Rush is saying is true scammers are everywhere come out with juicy words so we must be very careful.
The main problem is that ghana infrastructure and economy doesn't support a home costing $300k- $600k+ at this point it's just simply people changing high prices because they can. There is nothing that justify the cost. Simply saying high material cost doesn't justify the prices because the economy is a large factor in home prices. And from what I can see ghana economy is not that stable or even have the infrastructure to even support that wild housing market. Can you even get homeowners insurance in ghana?
Agreed!
100%!
This is very tricky, almost everyone is a professional until you pay them 😂😂😂
😂
Exactly!! 😂😂😂
I Love YOU Brother! GOD Will Bless You ❤
Great vid and straight forward info 🙌🏿
So much facts in what he is saying. In real estate there are levels low income and high income. People say properties are too much speak for yourself, To someone else it is a steal!! I am building right now three 3 story buildings materials are not cheap especially iron rods!! so if you can’t afford Step aside
Rush you are a smart guy and i respect u a lot but we all know Ghana's housing pricing is very much inflated not necessarily due to the cost of materials but because there is a lot of dirty money in the system that's why i believe that one day soon the house price bubble in Ghana will pop. Not every diasporan is ready to pay crazy prices to buy something in Ghana and will look elsewhere that is priced more fairly
Bro you’re really mature now in Ghanaian environment where people want get rich in dubious means. May God bless you for this enlightening
Thank you. You are right, some houses are inflated, but building in Ghana is not cheap. Thus, when one comes across a two-level 4 bedroom house going for $80,000 on a $30,000 land, one must be careful.
The reason is that in the past 5-8 years Ghana has created a value for itself, and as we know, with high demand, comes inflation. Yes eventually what goes up must come down
That's a good tip@@rushasare
Rush needs a refresher caurse on ghana.America has polluted his mind.
You are so right talk the truth, young man
In Ghana if you want to do something, take your time and do proper research. Don’t trust anyone so easily 😂😂
Definitely our own way of thinking 😢.The ones who are genuine we think are scammers and vice versa.
“Do I know you from heaven? Do I owe you a favor?”
Hahahha
Oh Lord have mercy .Facts truth word
Your video makes a lot of sense but it still doesn’t take away that there are scammers in Ghana sir, and in almost ever sector .. I live here so I know
There are no scammers in other places where you've lived, I imagine?
On point and very well said. Only SCAMMERS in that country.
@@py20Countries abroad has LAWS and those LAWS do WORK. GHANA is a LAWLESS COUNTRY.
@@benbo7042 Ghana can use your solutions; when are they coming, sir?
@@py20 is that what I said ? The video is about GHANA …Reading is fundamental
Anywhere in Accra is expensive but it not worth it. Outside the city is far better.
Why do people keep comparing the American housing market prices to Africa as if they are the same markets. Well if we are going to compare the two than you also have to compare the economy and average wage/ income. OK let's do it In America the average wages or income is approximately $63,000 usd per year or about $5,250 per month. OK now let's do ghana the average wages in ghana is approximately $65.00 - $645 per month or $780 - $7,740 per year. Now do you see why a home costing $300k-$600k is a problem and a sticker shock because the price doesn't match the economy or local income so that technically makes that home more expensive than America homes.
Hello. What is the price for 2 Hectares of land outside of Accra. I’m very interested. Thank you for advice.
I am a full Ghanaian and after getting scammed I have decided rto retire Either in Kenya or Rwanda.
My brother, Most of your people don’t like truth 😂😂😂… some would hate you for telling them the truth rather 😂😂😂 they love to be pampered, that’s why they get taken advantage of, and they not ready to accept its partly their fault 😂😂😂😂
It is all down to the laws of demand and supply but the diaspora community has also contributed immensely to the imbalance in the market system hence why real estate has now become super expensive in a lot of these African countries.
Most African countries are still, to a large extent, developing countries with a lack of basic infrastructure that you would normally take for granted in the Western world, so it doesn't make any sense that real estate should be more expensive in Africa compared to the developed world.
For example, there are a lot of places in the southern states of America where you can still buy good house with big plots for under $200,000.
You can buy a farm with buildings on an acreage in rural Kentucky for under $500,000. This is in America with good infrastructures , security and access to good medical facilities. Why would somebody pay a $100,000,000 for a house in Africa when for the half of that amount of money you can buy a penthouse right on the ocean in Miami or even a 4 Bedroom house with your own jetty to the ocean in some of the best neighbourhood in Miami where you get to rub shoulders with celebrities that live in these neighbourhoods.
The fact is, African developers are becoming too greedy and unrealistic but I don't blame them since a house is only worth what someone is prepared to pay for it. As long as there are a lot of Disasporans who are willing to throw their hard earned dollars at these developers then prices will only continue to go up. I see a lot of these young developers on TH-cam driving around in their million dollars cars in Lagos and Accra and you wonder at whose expense are they buying all those flashy cars. Obviously, some ignorant people in diaspora are throwing their money at them and can you blame them for taking the money?. If the demand from diaspora dries up, a lot of these real estates in Africa will quickly see massive drop in their values.
There are places in Europe where even $100,00 will buy you good investment properties with a good return on investment in the long run and where your money and investment will be relatively safer. The truth is African real estate has become too expensive and developers have become too greedy. Market corrections will happen at some stage and some people may not come out well on the other side.
🇺🇲❤️🇬🇭 menua ayekoo 👍🏼
Scammers got to eat too. They give cheap people what they want. You get what you paid for.
Local Ghana can’t afford these expensive land they target the US People’s.
Which house costs 400000 in Ghana? Never seen one
Rush,
I was in Ghana in September to January 24. I want to come back to live and invest. I left because my brother was sick and I the hospital, so I had to come and see about him. How can a retiree with social security make it in Ghana. Please hit me up.
You are not telling it all because I'm building and it can be expensive. The real could be right but the scammers will charge you more not less
At minute 2:46 we see one of the major root cause of overpriced land.
1 Timothy 6:10
For the love of money is the root of all evil....
Solution Hebrew 13:5
...be content with such things as ye have: for he hath said, I will never leave thee, nor forsake thee.
People in high and low places have made this their god. There are entice to do whatever it takes to get it. People will steal to get it, lie to get it, cheat to get it, and even delete another to get it.
Why?
Because of what money can get. Pleasure!, whatever makes them feel good.
Ghana housing market will crash like every where else. No one will be spared!
Ghana as a hold is wicked just like nigeria 😊
Leave Nigeria out of this… Ghana was build up to be a dream but in reality it is hell. Everything is cheaper in Nigeria compared to other African countries 🤭
😂😂😂