jedimaster

I agree. But it's more for the benefit of your kids and maybe not even. Could be grandkids and their spouses and spouses' family. This is because by the time one has extra money for investment in land, pa-retire na. And then it takes 20 years or more before the price moves considerably higher (i.e., if it wasn't squatted on). Most lots don't move in 20 years or under. By that time it will be the kids who gets to enjoy your labor. Nothing wrong with that but I personally want to invest in a condo where I can enjoy it right away and at same time my kids who will inherit it. It will be totally different for people who already have inherited something at a young age from parents...like if they are already 2nd generation or older money. I'd invest in lots too if I were 2nd generation but alas, I have zero to inherit and have to start all from scratch (renting a room until I can buy my own condo).

Generation ng parents ko, they have kids para me mag-aalaga sa kanila pag tanda nila. Terrible mindset. Equally important as raising children, is raising parents -- us parents. We need to be responsible to our own retirement. HIndi yung iaasa sa mga anak at kapatid pag tanda.

Okay na budget ito. Gayahin ko except I'll remove groceries and move it to Miscellaneous.

That rare mix of easy-going attitude and ability to meet beachfront residency goal.

I use Jeeps if they are available instead of FX. This is because I love to sabit which I cannot do in FX because they do have estribos.

Money lang muna until siguro 53y. Pag 54 na ako, I can start looking at Passion.

I think sa school at pag me pinopormahan sa work lang uso yan. Kasi pag nagkakaedad na, alam na rin kung sino tutuo at hindi. Pero pag under 30s, pwede pa mag-look, feel, and claim to be rich.

Ako rin haha. I prefer to retire among renters in a slightly poor place. I will rent myself a room preferably with its own full bath inside. Nothing more than P4K a month. I'll just live a simple, low-key life, travelling to my 2 vacation houses abroad every now and then.

Walang adult industry di gaya ng US, Japan, at Europe. Si RJ Pogi lang nakagawa. 😄

Your point is HOA vs Non-HOA instead of condo vs house. Right at the heart of this is maintenance. Some places have ordinances where if the property be it house or condo are poorly maintained, that government can declare it obsolete or a hazard and issue warnings to improve/make safe for the benefit of the dwellers. Dwellers must comply to upgrade the condo or house. Some get restored; others decide to demolish and put a new one. Hence, it is important that dwellers regularly maintain their property. I don't have statistics but my guess is houses get demolished more than condos because majority of buildings are under HOA and the board collects monthly dues for maintenance while only houses under HOA do the collection. Case in point, my parents' house which was not under an HOA got demolished because it was in poor condition. So by that, HOAs are better choice due to forced savings for maintenance. But also pick a good house or condo before buying where the common grounds are maintained properly. Walk around the property, check the amenities, and inquire from neighbors about the upkeep.

People talk here of lot as though it is an automatic part of the ownership. It is NOT. A house can sit on a land being rented upon while a condo can sit on a land that is owned.

Condos offer so much more than just dwelling and you get much more lot space. albeit shared with other homeowners. At the minimum you get a gym and a big swimming pool. Then others will provide commercial space for dining and other condo services like laundry and property management. Also, in selecting a condo, you can cater to which other amenities are important to you so that you only pay for a unit that has those amenities you like. As an example, a friend of mine likes golf so he is better off buying a condo next to a golf course. Another buddy likes tennis, so a condo with tennis court/s is for him. Me, I like to relax in a beach resort so that is what I went with.

Sa Makati maganda, especially Legazpi Village. I plan to retire there then just visit my beach condo sa ibang bansa from time to time. I like using the Elevated Pathway in mornings and then end up in Sto Nino De Paz Chapel in Greenbelt. Enjoy the park then gala sa mall, chika sa mga chicks sales ladies dun. 😅 Every now and then, get a massage sa spa around Makati. Then just walk around the village. It's a very nice village in that outside of rush hours, it is a ghost town. Konti lang residential buildings...10% of 250 buildings in the village.

Congrats sa profit!

Condo, easy maintenance. I'd rather go out and meet intereting people anyway so tama na maliit ng kwarto.

Living abroad but libing in the Philippines.

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