Other Bacong vs Valencia

M2 and M3 are UK motorways, Mr Brilliant. And msq is a quick (and I thought) well understood abbreviation for PER SQUARE METRE - whereas your M3 (motorway) is CUBIC (learn some math). Online math lesson: Square units are AREA; CUBIC units are VOLUME.

Anyway, I bothered to do some research as this is the only comment you ever made in which I have shown any interest:

SOURCE: https://www.allacronyms.com/square_meter/abbreviated

This shows msq as the SECOND most popular form of abbreviation for per square meter.

 

What website, government office or other sort of resource(s) do you use to look up real estate sales data for 70 years back in the Philippines? I ask because after I got married and became interested to buy a property for my wife and I here in the Philippines, I requested several different real estate brokers to assess the historical pricing trends of lots we were interested in buying, but all told me historical sales prices of lots sold in their area are not available. So I'm excited to learn you have the ability to "look up to 70 years back" and am eager to discover where you find such information!

 

Read again, I write no real estate bubble is burst in the Philippines in the last 70 years, as far as I know, compared to the west where it happens with a regular time frame

 

Really? You think prices will come down over time? Please expand on that rationale. I think the "wait around" tactic is a huge error, although I think "shop around" may reveal the occasional bargain. Commercial development is going gangbusters in Valencia (just drive around within 1 km of the Plaza and see for yourself). The old adage is true throughout the Dumaguete area: "The best time to buy real estate is yesterday. But today is better than tomorrow."

 

Getting building permits in Valencia is reasonably quick and painless. Once you have the plans with an architect or engineer signed off on everything, it is a day of chasing around the various municipal offices to get approvals of every bureaucrat. Delays can be caused each stop, though, if the single person who can sign is out of the office. Tip: Get any required notarizations in Dumaguete. No notary service in Valencia except for the municipal attorney who is not always in the office or is otherwise constrained from notarizing.

 

This is something i can't work out either

 

Breaking 50 leads to stronger peso




PHILEQUITY CORNER - Wilson Sy (The Philippine Star
) - July 13, 2020 - 12:00am

People are perplexed why the Philippine peso is the strongest currency in Asia year-to-date while COVID-19 cases are still rising, OFWs are returning, and foreign selling continues at the PSE. However, in previous articles we pointed out the fundamental reasons behind the peso’s strength (see Philippine peso, the strongest currency in EM, May 11, and Is the strong US dollar ending?, June 8). These include the attractive yield difference between the peso and the US dollar, crude oil prices dropping, recent major bond offerings of Philippine corporates, Philippine gross international reserves (GIR) at record highs, sharp reduction of Philippine imports because of the economic slowdown, and the general weakness of the US dollar. Finally, technical analysis indicators also point to further peso strength.

The importance of big round numbers like 50
Last Friday, the peso closed at a 37-month high of 49.485 against the US dollar. More importantly, it traded below the critical psychological level of 50 for the second straight week.

In technical analysis, big round numbers typically define key psychological price levels where traders make major buy and sell decisions such as Dow 10,000 or Nasdaq 5,000.


In the case of the Philippine currency, it is the 50-peso level. Looking at the USD/PHP monthly chart, notice how 50 acted as critical support and resistance during the past 20 years. The longer the peso trades below 50, the more significant this number becomes. Also note how 40, another round number, marked major support for USD/PHP in 2008 and 2013.

 

Peso "strength" is more Dollar weakness than anything else. Here's the same peso against the Euro, if anything the peso has been weak, losing about 6% since early May.



Dollar weakness also shows against the Euro, over the same period the dollar lost about 10% against the Euro.



As far as the peso future is concerned, I would expect it to look rather bleak. The Philippines has been running a trade deficit for a long time (which means that in the market there is more supply than demand for Pesos), and unlike the USDollar, it is not a "reserve currency" (so no large foreign investments). The most important aspect that has propped up the peso in recent years has been the very significant transfer of funds into the Philippines by OFW's (accounting for about 11% of GDP) . However, the Covid situation has messed with that also, many OFW's are returning home after losing their job, and remittances are way down from previous levels.