For the most part, in cities across the country of Nigeria, and more so in cities worldwide, the absence of neighborly camaraderie is stark and startling. People don’t care about how their actions affect their fellow Lagosian, New Yorker, ‘Abujan’, etc. Frankly, it is depressing.

These days, however, as land space becomes finite and older buildings are falling into disrepute, we believe we have to establish a sustainable way of really making housing affordable for everyone. How does housing affect health and well being

”Affordable housing refers to the relative means through which one could make a place, whether commercial or residential, affordable to the general buyer. “Relative” is the keyword here because purchasing power varies amongst individuals. Therefore, making housing affordable involves negotiation tactics, the median price of a similar property in that market, and the ability of a person in that wage bracket to afford it.”

 

By that token, we at Pelow have figured out a way to achieve this goal:

Credit: cmty.com

We must adopt the Esusu/Ajo/community funding approach to establish a “GoFundMe” for the real estate market in Nigeria.

Sure, some people never heard of GoFundMe until Erica from Big Brother Naija 2020 had a campaign running on her behalf. Nevertheless, it does not stop people from seeing the applicability of this solution in the housing market. Facibus Studios, Of course, we can comprehend that the real estate market in Nigeria is not as ‘sexy’ as BBN, and neither is community development. Despite this, we see this model solving the impending housing affordability crisis in Lagos, Abuja, Port Harcourt, New York, Seattle, Orlando, London; we can go on and on without end!

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Take, for example, a group of former classmates spread across around the world that need to contribute towards renovating their old school building. They need a reliable way to raise funds for this dear place to them, and banding together to raise these monies on a dedicated platform is the way forward.

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Another example is that a family of three recently lost the primary breadwinner. The surviving parent cannot afford the rent or mortgage for the next three months because their savings have gone towards funeral arrangements. In this case, we can see that the wider city or country community has to come together to help out. Pelow Faq

Also Read: Pelow Making Housing Affordable

This is why we care so much as to how we can make housing affordable for people. It’s to help those amongst us who have nowhere else to turn to but us.