“Buying a house is a waste of investment”- Nigerian man tells Phyno to sell his house

“Buying a house is a waste of investment”- Nigerian man tells Phyno to sell his house

A Nigerian critic has taken aim at popular musician Phyno for his recent real estate investments. Singer, Phyno, recently purchased a series of houses on a terrace, a move that has gotten him congratulatory messages from fans and celebrities alike.

However the Nigerian man, came out to reveal that Phyno buying a house was no a smart investment move. He believes that buying a house is a long-term investment that might take a long amount of time to yield profit.

Instead, the critic suggests that Phyno should channel his money into his music career. According to this Nigerian man, investing in a new album had the potential to generate significant revenue and return on investment more quickly than real estate.

He explained that owning property can offer long-term financial security, but it can also tie up capital. On the other hand, releasing new music can bring in immediate revenue through album sales, concerts, and endorsements.

“This is loud” Netizens hail Phyno as he splashes billion on 20 units of Terrace building

TSB had reported just yesterday that singer Phyno has splashed billions of naira on 20 units of a detached Terrace building. This news was made known by Real Estate Mogul, Ned Okonkwo, on his official Instagram page, as he congratulated him on his new property.

He expressed gratitude to the hitmaker for pulling the deal through as he noted how it’s Landlord season. The new property according to many is said to be worth N1.4 billion.