'Expats' And The New Scramble for African Cities
A new scramble for African cities is happening. Driven by foreign salaries, strong currencies, and short-term rentals, desirable neighborhoods across the continent are pricing out the locals who live and work there.
Drawing parallels between historical colonial spatial segregation and present-day economic dynamics, we examine how parallel expat economies operate and highlight the need for housing policies that protect local communities.
Let me explain exactly why every new subdivision in America looks like the top photo, because the math is wild.
A mature tree increases a home's value by 7 to 19 percent. On a $400,000 house, that's $28,000 to $76,000. A single shade tree produces the cooling equivalent of ten room-size air conditioners running 20 hours a day. One tree on the west side of a house cuts energy bills by 12 percent within 15 years. The bottom photo is worth more, costs less to live in, and sells faster. This has been documented by the University of Washington, Clemson, Michigan State, and the USDA. The data is not in dispute.
Removing those trees saves the builder roughly $5,000 per lot. Concrete trucks need twice the dripline radius of every standing tree. Utility trenches need flat ground. A bulldozer flattens 200 lots in an afternoon. Preserving trees adds weeks and thousands per home.
So the developer pockets $5,000 in savings and the buyer eats $50,000 in lost value for the next two decades. The person making the decision and the person paying for it have never been in the same room.
The Woodlands, Texas is the proof of what happens when they are. George Mitchell bought 28,000 acres of Houston timberland in 1974 and preserved 28% as permanent green space. He forced McDonald's to build behind the tree canopy. That McDonald's became one of the highest-volume locations in Texas. The first office building, designed to reflect the surrounding forest so you couldn't see it from the street, leased completely.
The Woodlands median home price today: $615,000. Katy, a comparable Houston suburb that clear-cut: $375,000. Named #1 community to live in America two years running.
Fifty years of data. The trees are worth more than removing them saves. Developers clear-cut anyway because they sell the house once and leave. You live in it for 30 years.
In 1983, Steve Jobs predicted the next 50 years of technology.
His predictions:
• iPhone
• Internet
• Softwares
• App stores
• Artificial Intelligence
10 futuristic predictions from this talk that came true:
1. Every major revolution starts ugly
PSA:
If you're a Nigerian in Nigeria and anybody comes to you with an offer to relocate to Ghana/Cote d'Ivoire/Burkina Faso/any other country in West Africa with a job or hustle supposedly waiting for you, you can safely assume that they intend to traffick you. There is no job anywhere in West Africa. In fact you're more likely to find a job in Nigeria than in any of those places.
If you are female, there is a 99% chance you will end up in the only activity that trafficked women do, and if you are male, you will end up locked up in a house where you will be forced to scam people online, ask your friends and family to send you money (which your captors will seize), or convince other people like you back home to fall into the same trap. If you're REALLY unlucky and young enough, you might end up becoming somebody's slave inside a Galamsey pit, or enslaved to a fisherman somewhere on Lake Volta for the next 8 years (this is actually a thing that happens).
I know this tweet will not change anything, because many of you have been brainwashed into believing that everywhere outside Nigeria is flowing with honey and gold dust and your "star" resides anywhere but Nigeria, but on the off chance that it helps convince 0.1% of potential victims to sit their asses at home and find something to do, instead of becoming anonymous roadkill in Kasoa, then I have done my job.
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$100 to an American is not the same as N160,000 to a Nigeria
You simply can't convert
$100 is 8.62% of a monthly Fed US wage
N160,000 is 228% of the monthly NGR wage
This means a US resident earner can afford N900 per litre PMS but a Nigerian earner will struggle to afford this
Again, compare earnings not the exchange rate
Note: Federal Minimum Wage is $7.25 an hour, 40 hrs a week
@flyairpeace what's with re-accomodating local flights without sufficient information and compensation! Fix your local flights before mouthing #LagostoLondon#calabar#lagos
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GTBank's dev team cannot be serious people. I don't understand. You people don't do testing or nothing? What kinda buggy app is this? Login issues on first launch? Infuriating! @gtbank@gtbank_help