⌛ Rent or buy that is an issue.

Many of us already do just that, some wait to a later date when house prices rise before selling. Some times its best to rent for some while untill you become street wise before buying a property that would really suit your needs. Say if you don't like it here the tropics are not suitible for you? If you don't sell your house you have somewhere to go back to.

I have had to make my mind up on such issues, so far I have lived and rented in many places in the Philippines before finding an area thats quiet and really beautiful its took me 7 years to find.

But obvious your the one to make the choices and I expect it will be a sensible one as your asking all the correct questions.

 

Couldn't agree with you more. I personally think this is a good idea. Sometimes, being hasty leads to disappointing outcomes.

 

Love your attitude. More foreigners should havethis attitude. When we marry younger women and receive there love and unselfishness, they deserve a good life when we are gone. I hope I will run into you in Dumaguete.Regards, leonore69

 

Glad to help its what the DI Forum is about. Your reconise me I am sure

 

renting then buy

Americano
Well I would try to keep property in the UK and rent for a while until you find the place you love. rent is cheap so is property. 100,000 peso's you can have a nice lot for a house. why did you buy in the UK same reason to buy in PI. property is going up and will keep doing so. it is an investment it so cheap hard to sell but one day it well not be cheap anymore. I not so old that investment is of no interest to me. and not paying rent leaves more money for me.

 

property in US and also in western Europe is not going up.It's all going down.

With the worldwide financial chaos/crisis now .Im afraid to invest anything.

 

Over valued Property US and UK

You know that property was way over valued in the US. Shoot going up $30,000.00 in a month people lost there minds with greed buying and selling houses. And when the market could not bear anymore the loans got easier to keep it going. It's going to take at least 2 more years to become stable. in the meantime PI is still going up because of the influx of western capital. I don't think that westerners are going to stop getting married to filipina's so there is a endless supply of capital going to the Philippines. as long s the filipina's stay the best wifes in the world.

 

Buy only if your intention is for a permanent residence. Don't buy a house as an investment, regardless what country you live in. Investment real estate consists of commercial property, not the house you live in.
As for my opinion on rent vs. buying (as if anyone cares)
http://www.dumagueteinfo.com/board/expat-section/leaving-west-3077.html