Best Posts in Thread: When Trust is lost! We become Vunrable

Thinking more about this, we need to offer advice to those entering a relationship with a filipina, if they wisely use our forum for consideration. I will speak out because I had one costly nightmare experience and fortunately one happy marriage. The heart of the matter is some of these "chicks" are world class schemers. What I learned the hard way is, "if you can't trust them, you can't love them", and terminate the relationship no matter the investment. It doesn't get better, it only gets worse.

 

Perhaps I am the one of the few who find myself married to a successful Filipina. She owns her own home in a gated village in Quezon City. Owns six lots in that that same village free and clear which she purchased for cash. Owns several businesses and rental properties, and is a good money manager. When we discussed purchasing property jointly in the Duma-Valencia area for our retirement, I balked at the mere fact that I would have no ownership even as her Bana. At her suggestion, she offered to sell several of her lots to finance in cash the retirement home. Has it become a reality? Not yet. Do I have stupid written on my forehead, I don't think so. She finances she keeps the property and me as a masaya Bana.

 

As a former business person, I cannot envision ever relinquishing title and control over a major investment to ANYONE with the level of experience and (often) maturity that the vast majority of "partner-type" Filipina's possess; however, that is required for any real property purchase here. Even with the best of intentions and purest of hearts, most Pinays are quite incapable of handling the day to day financial responsibilites of maintaining a residence in good order. If the foreigner partner spends a bit of time with them and a "check-list" of responsibilities, perhaps the basics can be covered for the monthly recurring obligations, but expecitng then to have a working understanding of international banking practice, debit cards, credit cards, PayPal, or (God forbid) the stock market is pure fantasy, IMHO. Couple that understandable ignorance with just a bit of greed and family "motivating" and the foreigner is sheared like a sheep, but not as gentley!!!

I mean no disrespect to the spouses or gf's of any of the members here with my comments, but the educational system here is pathetic in teaching real World skills and their previous (usually) provinical life gave little to no "hands on" experience in money management or asset preservation. JackPeterson, I am sorry for your friiend's plight, but he will unfortunately have to reflect at leisure on his decision to leave his wife "in charge" of his now defunct investment.

Hopefully, all foreigners can gain a deeper understanding of the Philippine culture and Pinay character from his misfortune.

 

This is the second "guy getting screwed over" story I have heard the last two weeks. Buyer beware for those entering the octagon.

 

Its a good thing he followed the advice about never 'investing' more in a house here than he can afford to walk away from. At least we hope he followed it. It is rule #1 here.

 

Exactly my words to Him, Azon has got his Electric back on for him luckily it was only 3 months in Arrears and his Water Tomorrow. I have told him That is as far as we are Prepared to go in Helping him.

 

I do have a Sister-In-Law JB, she recently became a widow. However they broke the mold with my Marie. Marie taught me some tagalog, but I have a long way to go and never expect to become anywhere close to fluent. Except for the curse words she occasionally uses towards to the U.S. Embassy and myself.

 

Appears on the strength of information provided that a great deal of mismanagement has been applied by both party's involved.