Episode 11 -- This week’s Wednesday Wahala dives into a housing headache that spans continents—from Lagos to the U.S.—exploring the ongoing tension between renting and buying.
The episode kicks off with news from Lagos, where the state government is aiming to move away from the longstanding tradition of requiring tenants to pay one or two years of rent upfront. A shift toward monthly or quarterly rent could make independence more accessible for many, especially young adults trying to leave their parents’ homes. But this kind of change comes with its own set of challenges—landlord resistance, digital payment fees, and the potential for more frequent rent hikes.
From there, the discussion zooms out to look at the rent vs. buy dilemma in the United States. While monthly rent payments are the norm here, they still come with trade-offs—namely, helping someone else build equity while you walk away with none. But buying a home isn’t always the “smart” move either. Between maintenance costs, market instability, and lifestyle flexibility, homeownership comes with its own kind of wahala.The episode breaks down when it might make more sense to buy, when renting is the better financial and emotional move, and how both paths can be part of a healthy wealth-building journey—as long as there’s a plan.
Later in the episode, the Praise Report celebrates a proud moment for Nigeria on the global stage: Amazing-Grace Ahuoyiza Ebiebi Salami, the 12-year-old who represented Nigeria in its first-ever appearance at the Scripps National Spelling Bee. Her achievement marks a new chapter in what’s possible for young Nigerians worldwide.
And in What We’re Digging, it’s all about a simple, satisfying surprise: a bottle of Josh Cellars Cabernet Sauvignon—a smooth, balanced red wine that’s perfect for those just starting to explore beyond the sweet stuff. Affordable, flavorful, and unexpectedly grown and sexy.
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