草榴社区

In a nutshell Zodel what Coach53 is trying his best (bless him) to say is don't give up your prized possession Tesla just yet. RENT

- @Lotus Eater

Cant you make a better BS post against me than that?! You have droped in UNquality聽 聽

Thanks for the replies. Anywhere Ayala land seems like a good investment. For example back in I believe 2010 Rockwell condos we鈥檙e selling about 120k US dollars. Now those properties are 500k- and up! I see rents $1,700-2,400. I could never afford something so nice in the United States. But the real reason I considered getting at least one property is the taxes and condo fees are next to nothing. In the United States even if you can afford a nice condo it鈥檚 all the monthly fees that kill you. I guess the real question is do I live their or not.

- @Zodel

At this time No investment is a Good investment in the Philippines, if I was an investor.

- @Enzyte Bob

IF you talk about buy houses for rent out, then I agree with you!!!聽 聽

Otherwize I wouldnt be in progress to exband the production business I have started allready and we are in progress researching which of four other types of productions are interesting to start too聽 聽 聽(All except one suit for export if needed.)

At this time No investment is a Good investment in the Philippines, if I was an investor.

- @Enzyte Bob

IF you talk about buy houses for rent out, then I agree with you!!!聽 聽

(With very few exceptions e g if there are any superbargains left of tourist related buildings. There have been such for sale extreemly cheap, so if tourism recover, then such would be very good investments.)

But聽 IF you talk in general including all production businesses too, then I disagree.

Otherwize I wouldnt be in progress to exband the production business I have started allready and we are in progress researching which of four other types of productions are interesting to start too聽 聽 聽(All except one suit for export if needed.)

- @coach53

At this time No investment is a Good investment in the Philippines, if I was an investor.

- @Enzyte Bob

**

I'm talking about Condos, especially pre-sale. I'm not talking about IF's, (Per your example: IF there are super bargains, IF tourism recover.)

- @Enzyte Bob

At this time No CONDO investment is a Good investment in the Philippines, if I was an investor.聽

Correct would be writing as I did OR write

At this time No CONDO investment is a Good investment in the Philippines, if I was an investor.聽

- @coach53

@Zodel no recommendation

1. No buyers and investors

2. Same price the local buyer would purchase house and lot

3. Pandemic-not recover yet, 草榴社区s didn鈥檛 go to PH anymore

personal use is Ok but if this is for investment, not a good idea.

Look for high end developer would be better for resell in the future

- @Coz Huang

At this time No investment is a Good investment in the Philippines, if I was an investor.

- @Enzyte Bob

**

I'm talking about Condos, especially pre-sale. I'm not talking about IF's, (Per your example: IF there are super bargains, IF tourism recover.)

- @Enzyte Bob

You have complained many times about my grammar and spelling.

In such petimeter messure as yours against me, thats NOT what you said...

Correct would be writing as I did OR write

At this time No CONDO investment is a Good investment in the Philippines, if I was an investor.聽

- @coach53

We all appreciate your wisdom and expertise, especially on Condo Investments and your humanitarian endeavors employing Filipino's.

Coach the genius you are is often masked in your posting because of the poor grammar and spelling. I know you do this on purpose as not to make us on the forum including myself feel inferior.

We all appreciate your wisdom and expertise, I wish you could have been my mentor then I could be successful today. We all are waiting to read your blog or maybe even buy your book when published.

I even would suggest to Julian to make you the permanent moderator of this forum.

I beg you to forgive me for all the uncouth postings, I made about you.

- @Enzyte Bob

Your last sentence WOULD have been nice if you would have ment it, and not posted it in same post as you write several subtile BS against me... which my English is good enough to understand!!!

Actualy IN OPPOSITE I wrote extra bad聽 聽 on purpouse back when I did lead a software production with East European programmers to perhaps not make them feel SUPERior but to grow their low self asteem concerning English and to assist them to dare to tell their thoughts about developing solution ideas...

Havent you noticed when I write to make you BS and liar poster feel inferior, I tell that STRAIGHT...?!聽 聽

Your subtile try to make my employing of poor Filipinos being bad, failed - as usual聽 聽 - by we both make them not unemployed and we pay them more than whats common for such jobs. Plus we will give them a big bohnus when the business start earn good...

May I make a constructive suggestion? Why not post ALL of your valued聽 analysis in Swedish. The members can then simply use the standard translation software which will give them a much better comprehension of the gist of what you are trying to say.聽 @Lotus Eater

What more stupid BS do you have to say?聽 It dont help to try to disguise it as "conctructive"聽 to stop it from being BS...聽

Thanks for the replies. Anywhere Ayala land seems like a good investment. For example back in I believe 2010 Rockwell condos we鈥檙e selling about 120k US dollars. Now those properties are 500k- and up! I see rents $1,700-2,400. I could never afford something so nice in the United States. But the real reason I considered getting at least one property is the taxes and condo fees are next to nothing. In the United States even if you can afford a nice condo it鈥檚 all the monthly fees that kill you. I guess the real question is do I live their or not.

- @Zodel

Don't forget to factor in the 10% tax when reselling your house or condo.

- @Glen Adkins

1.聽 When SELLING:聽 I guess you talk about capital gain tax.which I dont remember how much it is by I plan to never sell聽

@Zodel

Condo prices fell by 25% in the two 2020-2021 years and by all objections are still insane overpriced. Just look how cheap condos are now in Bangkok with far better quality in building and a much better location and general environment.

globalpropertyguide.com/news-philippines-housing-market-performance-remains-dismal-4373

@Zodel

***

As do thousands of others frenschfred, Good luck and welcome to the forum/perhaps the classifieds here?

Cheers, Steve.

@coach53

I'm new here.

I don't know you.

But I already love you coach

馃敟馃敟馃敟馃檹馃敟馃敟馃敟

I need to buy this book if you have one.

antonioggriffin said to coach 53 . . . I'm new here.I don't know you. But I already love you coach馃敟馃敟馃敟馃檹馃敟馃敟馃敟I need to buy this book if you have one.

**

You're not the only one who loves Coach53, the only other is Coach53 himself.

You're not the only one who loves Coach53, the only other is Coach53 himself.
聽 聽

聽 聽 -@Enzyte Bob

馃槼馃槻馃ぃ馃ぃ馃ぃ

@frenschfred

Hi,

If is it under 4M contact me.

Skipper

@R茅al Marchand

hi,

***

聽 聽 @R茅al Marchandhi,no ***聽 聽 聽 聽 聽-@frenschfred

As an agent (I presume) you need to advertise your wares in the housing section here and not harass members that are simply asking other member for opinions.

When they are ready to purchase I'm sure they will search out whose selling what in the classified section here as well as online.

OMO.

Cheers, Steve.

聽 聽 聽 聽 聽Have not heard from Zodel for over two years.

Most investors here in Boracay made the painful experience that their condo lost value and they sold it below the money they have bought it from Megaworld / Global Estate. Those who think to make money with renting it out via Airbnb / Agoda were proved wrong as the prices for a one night stay are between 1.7K and 2.7K which makes a return of investment of 30+ years.

I am living in a condo for 8+ years as a permanent resident. It is okay for me but there are lots who are not happy with it. (fire alarm system broken for years, cctv broken, brownouts, ...)

聽 聽 Have not heard from Zodel for over two years. - @mugtech

He went bankrupt

Too many condos Lotus?

OMO but they are black holes and torn down after 30/40/50 years to make way for a new development,,,,,, where did all the association dues go for the buildings maintenance?

3 bed 3 bath condo in Manila only a year old,,,,,, most of the windows leaked in heavy rain, many complaints to management, no one visited to look let alone repair the problems. Over zealous security guards when they were awake and packing side arms, More like a prison, never again even renting.

Cheers, Steve.

Andy_1963 said . . . . Those who think to make money with renting it out via Airbnb / Agoda were proved wrong as the prices for a one night stay are between 1.7K and 2.7K which makes a return of investment of 30+ years.

***

Interesting聽 . . .聽 Airbnb has a market capitalization of 87 Billion Dollars. Instead of buying a condo and renting it out for a profit and selling it for a loss, wise people bought Airbnb stock 13 months ago offered when it was an IPO.

The great thing about Airbnb it owns no real estate.

With a growth rate of 2.2% for condos in Manila on average it's nonsensical to plow money into one even with a good long term tenant giving you a 5% return. Add in association dues and agents fees, internal property damage, wear and tear, property maintenance or lack of protecting your investment. Taxation laws etc.

As said black holes as there are far better investments available for the astute thinker.

Some examples, stock and bond investment or simply a 5% return on our cash in a bank and not worrying about tenants or the property going into disrepair.

Superannuation and returns @ 10/15% per annum and yes taxable but for me rolled into a pension fund and not taxable and saves us around AU 30K or over P 1M per year in taxes alone, the investment grows as we can't or have no need to spend it.

Property, not condos, as in free standing titled lots/homes. Here 8 years ago we purchased beachfront on a large lot with a 3 bed 2 bath home built to western standards for less than P 6M, A desired and very quiet area we purchased the worst house in the best street (I'm good at that).

6 year ago we moved in and a couple of years later spent a further P 7M on extensions and renovations turning it into a 5 bed 5 bath home with a huge double garage and all up over 450M2 etc. etc.

Worst home in the best street after a P 13M investment? We are approached by R/E agents as well as proxies from wealthy buyers with offers of 40 to 45M and most have not been in the house, Sorry it's not for sale yet.

Location comes into it in a big way and seems we chose wisely as our P 13M investment has grown to P 40M plus in 8 years.

Neighbour 2 doors up has listed his 7 bed 5 bath home with a large wet edge pool looking over the waves for P 75M, larger lot but only a carport for 1 car.

I saw 13/14 years ago with the over supply building of condos in Manila that is never ending keeps the prices stagnant, most are shoe boxes.

Sorry not into condos and the crap that comes with them and the possible aftermath when they are condemned and where do the owners stand?

Difficult in Manila, other large cities also as space is a premium for those that need to live there and have little choice.

OMO.

Cheers, Steve.

Big Pearl please PM me I have a question for you regarding my house. Thanks CM

Big Pearl please PM me I have a question for you regarding my house. Thanks CM - @Morgacj200424

You can easily PM me or simply ask here on an open forum.

Cheers, Steve.

@bigpearl I have a 3 bed 2.5 bath western style ocean front home in Argao. Fully furnished with solar. Car port, dirty kitchen and small laundry room. Nicely landscaped. We paid 10 million 7 years ago. Have put 3-4 million on upgrades since then. In your opinion is this a good time to put it on the market or wait awhile?

...You can easily PM me...Cheers, Steve. - @bigpearl

Not so, as it seems you've disabled that option

Seems you are correct Aidan, was set to contacts only and not sure why, thanks for pointing that out.

Cheers, Steve.

Seems you are correct Aidan, was set to contacts only and not sure why, thanks for pointing that out.
Cheers, Steve. - @bigpearl

I remembered because a couple of months ago I wanted to send you a PM about something or other.

Mustn't have been too pressing, as I've now forgotten what it was about馃榿

@Morgacj200424

CM I have no idea for your area and simply watch the market and sales in my area, best place for you to start would be 1 or 2 real estate agents and see what they say. Beachfront is always pretty popular and commands a good price if the beach is nice as well as distances to services.

Our property is not for sale but it doesn't stop R/E agents and others trying it on.

Good luck.

Cheers, Steve.

@bigpearl

Our property is not for sale but it doesn't stop R/E agents and others trying it on.

Somewhat surprised that Morgac has not already been approached by R/E鈥檚 since posting. They hover over this Forum like vultures 馃檮