Condo Unit Or House & Lot?

[MRROUGHSEX]

That is awesome, grats bro!

Thanks so much bro. Just consistency in saving year in and year out. Umabot ng mid-40s edad bago nakapagpagawa.

[daverezzz]

Thanks so much bro. Just consistency in saving year in and year out. Umabot ng mid-40s edad bago nakapagpagawa.

This would be so off topic but do you mind me asking how much you save fortnightly/monthly to get where you are right now? and on what age did you start? Do you have some investments elsewhere or all income just came from your day job?

[MRROUGHSEX]

This would be so off topic but do you mind me asking how much you save fortnightly/monthly to get where you are right now? and on what age did you start? Do you have some investments elsewhere or all income just came from your day job?

If in Phlippines, I would target Php12,500/mo at around 30 years old for 4 years. So after 4 years, I have Php600K as downpayment for a studio condo priced Php2M near work. This means I'm borrowing Php1.4M Along with the interest (but also salary growth), I should be able to pay this off in 15 years.

 

However, with salary growth and more savings, I would probably sell and upsize by 43 years old to something like a 2-BR townhouse worth Php4M and finish the new loan in 9 years (which would be 52 years old). Having a working spouse fast-tracks everything because of double income. Me, medyo mabagal because I'm single with 2 kids, one of the worst situations LOL.

 

From age 52 onwards, fully paid na house which means concentrate on retirement savings for 10 years and retire at age 62.

 

In US, which is where I'm at, multiply lang by 3. So the townhouse is Php12M and I'm looking to finish payment by age 52 which gives me 7 years including this year to complete payment.

[Cuayong]

Why not have both in the end? It's doable. But I guess you'll need to think of which one to go after as a priority..

If you're planning to have a family of your own and are thinking of their future, a house and lot is a better option (in my humble opinion). This is because a family living in a condominium are usually closed off to other families; this affects the psychological aspect on your family's social aptitude... though because a lot of families can make it work. Maybe you can too. As for the conveniences the condominiums have, it might not be such a good idea to shower your kids with that much convenience at the onset of their early life, it spoils them in a way, and also shields them from the realities of the world.

 

But you know what?

 

I say all of that but I prefer a condominium. Hahaha, the HIPPOcrisy of this guy.

[MRROUGHSEX]

My future pool. Can't wait to dip.

 

[MRROUGHSEX]

They installed windows and door already. Side view of the townhouse, blue sky and green trees..

 

[jors1116]

House and Lot... Mas malaki space mas makakagalaw kayo ng pamilya mo.

[eyen2018]

House and Lot - Needs

Condo - Wants

 

Needs vs Wants

[MRROUGHSEX]

The Townhouse between the Rainforest and The Pool.

 

4 units yan at isa lang akin.

 

[Mspitz]

Both! Condo near work so no stress. House on the weekends to chillax.

[xViole]

Condo Life.

[Papa Popoy]

Condo sa manila, house and lot sa province

[Unwritten]

Both if finances allows for investment.

- House and lot for main residence

- Condo/Townhome at a nice location for R&R and getaways or weekend house.

[ozman88]

Both. Condominiums for the quick layover in the city. But I'd rather take most of my time at my own house.

[Leonhart_]

House & Lot so I can have a garden on my own