Landed Properties; The Reversion To Feudalism In Capitalist States?

about 3 years ago

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Landed properties are one investments I know that appreciates with time and consistently becoming even more valuable overtime, in Nigeria it is relatively coveted more than gold, cars or any other forms of investment. It is one of the most solid equity in business.

In a country with such a depleting currency, the owners of land properties in lucrative geographical location are becoming wealthier by leasing their lands to small and large scale business owners.

The migration of people, centerlisation of industries, the fast pace development of a certain area, government interest and of course some other reasons is what makes a landed property attain value overtime and is responsible for the prices that are set on them.

Asset & Appreciation

My aunt bought a landed property, half plot sometimes in 2004 at about ₦250k but currently that half plot is valued at about ₦900 to ₦950k and the area is only half developed, it's still an outskirt or a suburban area in the suburbs of Lagos state Nigeria, it's hardly a commercial area and it's mostly built for residential purpose.

Irrespective of location, but then things like commercialisation makes it even appreciate the more. There has been instances where people's lands have been set in strategic positions especially positions where tech companies might want to put their mast or service providers installing their network poles, these are done on landed properties owned by some people.

Imagine a multi billion naira tech company interested in planting a mast in your property? The value automatically skyrockets.

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Because you're in a pole position as the owner of a the land, you make a big demand and of course owning that the company is rich and your property is the best strategic place this knowledge makes your demand even increase and a landed that is worth really less becomes even more valuable.

The opportunities that comes with landed properties are endless. How about the prospect of having mineral resources on one's land?

The south southern region of Nigeria is rich in oil and this has majorly made the government automatically owned the land of people, polluted the lands and of course established refineries and oil companies, leaving the state dead without any form of money making prospects or ventures for their occupants.

Competition; Exploitation?

Land is a base core of almost all human actions which are majorly for residential purpose or commercialised purpose except the ones (commerce) that are built online.

Nevertheless in the past we once saw how land was vital in the socio-economic affairs of people in the way back feudalism, a system of government that dealth with the ownership of land in the 13th century. This is to say that land and its ownership can be used to control people. We might be heading to a stage where fiat currency will lose its sting as the determinant of real financial power.

I don't know about other countries but in a state as Nigeria where the birth rate is more than the death rate, population will keep increasing and this means more competition for landed will be at a peak.

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Conclusion

Irrespective of the system of government, lords of lands will control people especially if scarcity becomes a thing in the now and in the future. We already see rationing of properties to suit the needs of people.

In so many situation there are serious court cases to settle dispute over land ownership and I basically believe development, further commercialisation and increase in population is what people who own landed properties to dictate play; dictate development coming to an area or dictate the influx of companies and investor coming in, into a particular area.

I do believe land will be even more valuable that fiat currency or gold or diamonds, seeing their use case, the necessity and utility in an economic state like Nigeria.

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My name is @Josediccus, a young Nigerian student who is a Vlogger, A Psychologist, Poet And Sports Writer/Analyst. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers