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PMT Forum's MOST POPULAR Discussion Boards => Property and Real Estate => Topic started by: IGX on Mar 28, 2012, 04:48 PM

Title: Is buying a house practical?
Post by: IGX on Mar 28, 2012, 04:48 PM
Hi Everyone,

I need advice.  I have been thinking over this problem for months now and until now I still do not know how to proceed.

I am single, in my early 30s, have a good source of income.

I am currently renting an apartment and own 2 cars and maybe 3 in the future.  I was doing the numbers for a long time now and based on the numbers buying a house may seem too costly than renting.

However, most of the people I know own one.

If you were single would you buy a house?  What are the benefits of owning one?

Appreciate the advice.
Title: Re: Is buying a house practical?
Post by: mikoangelo on Mar 28, 2012, 05:14 PM
^i were single?

hell yeah i will buy a house.. :hihi: :hihi:

kung hindi ngayon kailan pa? kapag may asawa kana at may mga pinag aaral ka ng mga bata?
Title: Re: Is buying a house practical?
Post by: joconcepcion on Mar 28, 2012, 05:17 PM
Tama po, yan ang inuna ko, Bahay muna bago asawa!
Title: Re: Is buying a house practical?
Post by: DonT on Mar 28, 2012, 05:27 PM
Na...i'll let the bride select the house. That will be my gift to her.

Just spend on things that you actually need now. I'm a little bit curious why you have 2 cars? since you are single. If I was single, i'll have nice small flat near my office..have a decent car to bring me from point A to B....and make more money on the balance. Maybe treat myself from time to time if my passive investments are exceeding their targets.

Time will come where you need to do more spending than earning. You should feel lucky..your not in that stage yet.

I know a lot of people who are struggling to make money as fast as their wives are spending it.
Title: Re: Is buying a house practical?
Post by: pilyong_husband on Mar 28, 2012, 05:30 PM
Buy now if you have the means.

why 2 cars? car is a depreciating asset as they say. Buti na lang hindi rin ako bumili ng isa pang car just for coding.

DonT's advice on moving to a flat near office is spot on IMO. I've  been thinking of this also. Fuel prices are shooting up nowadays

/edit.. DonT posted faster than I did
Title: Re: Is buying a house practical?
Post by: IGX on Mar 28, 2012, 07:00 PM
Mikoangelo - Thank you for your advice.  The numbers just don't seem to be practical say I'm renting at 15K a month versus buying a house.

JoConcepcion - Worry ko kasi sir baka hindi ako ikasal :( Happened so many times, sayang lang ung bahay

DonT - I would agree with you sir, this is why I would like to keep my money and invest it rather have a house that does not earn.  If say I buy a 6M house, its 6M down the drain at day 1, compared to 6M earning on investments from day one until I retire.

Pilyong_Husband - Yun ang problema ko :( Kasi ang tingin ko sa bahay depreciating asset.  Kasi po pag bumili po ako ng bahay, may maintenance din sya, kaya para rin pong nagrerent, kaya po naguguluhan ako now.

The thing that makes me want to buy a house is if in case I get married as its one of my GF's demands
Title: Re: Is buying a house practical?
Post by: Archcavalier on Mar 28, 2012, 07:12 PM
Just my opinion...
Buy a house but, leave in a apartment...

That way you get to rent out your house, earn more...
Leave cheaply in the apartment...
Your GF demand = solve...

Just to add on that...
Buy a house in the province near the beach...
You can have it rented out per night, plus lower property tax...
Don't forget for 6mill you can buy hectares of land...
Its still a house = GF demand still solve..
Title: Re: Is buying a house practical?
Post by: pocoyo on Mar 28, 2012, 07:16 PM
ang sarap tlagang maging bachelor! i remember those days hehehe.... mamimiss mo yan pag nag-asawa ka na at nagkarun ka ng kids... if u dont need a house for now... go invest ur money first para in time pag need mo na mag-asawa and need to buy a house ung kita na ng investment mo ung pangbili mo  just my two cents :watchuthink:
Title: Re: Is buying a house practical?
Post by: moto461 on Mar 28, 2012, 07:39 PM
good idea cUte pcoyo..  :cool2:
Title: Re: Is buying a house practical?
Post by: pocoyo on Mar 28, 2012, 07:42 PM
 :thankyou: moto461  :hihi:
Title: Re: Is buying a house practical?
Post by: jupiterjones888 on Mar 28, 2012, 11:23 PM
mas ok nga siguro ung my sariling bahay o condo malapit s trabaho para makatipid s oras at makabawas s stressed. Saka magaoang investment dinn ung my sarili ka.
Title: Re: Is buying a house practical?
Post by: bauer on Mar 28, 2012, 11:29 PM
IGX,

I agree with your view. You do not need a HOUSE NOW SO DONT BUY ONE

kasi meron ang mga friends mo.
kasi single ka pa eh kung future wife mo based outside manila eh di you need a new dwelling.
kasi ang job mo eh hindi eternal baka later you need to work outside manila.

PERO I DONT AGREE that you should buy 2 or more cars habang single ka.  YOU NEED TO SAVE MONEY so you can buy a house when you NEED TO.
Title: Re: Is buying a house practical?
Post by: IGX on Mar 29, 2012, 09:07 AM
Hi Everyone,

Thank you for the advice.  I think indeed buying a house now or while I am single is not an option and is not practical.  I also do not feel like living in a house all alone and having no one there when I am at work.

As for owning another car, its something I cannot avoid as it is 50% will be shouldered by my employer.  But I am still thinking about it.
Title: Re: Is buying a house practical?
Post by: jenxent on Mar 29, 2012, 09:17 AM
maganda talaga pag sa inyo ang bahay..kaysa sa renta,sa renta kasi house improvement or renovation is not easily done or impose w/out the permission sa owner,doon palang talo kana...
Title: Re: Is buying a house practical?
Post by: pocoyo on Mar 29, 2012, 11:04 AM
well igx kung ganun kaganda ung opportunity... 50/50 :cool2: better grab it then benta mo ung mga previous cars mo... minsan kc mas matipid ung new car in terms of maintenance and other stuffs... then add u sa investment port mo yung pinagbentahan mo... i wish i also have that same opportunity  :hihi: :hihi:
Title: Re: Is buying a house practical?
Post by: bauer on Mar 29, 2012, 12:14 PM
maganda talaga pag sa inyo ang bahay..kaysa sa renta,sa renta kasi house improvement or renovation is not easily done or impose w/out the permission sa owner,doon palang talo kana...

if you own a house,

may budget ka sa realty tax
may budget ka for house repair & maintenance (major & minor)
may budget ka for fire insurance

if you rent a house,
may budget ka for minor house repair (major repair by owner)
may budget ka for fire insurance (contents lang po)

Now, rental & buying a house, di ba mas may advantage ang rental?

Owning a house is a TRADITIONAL THINKING but it is not sure if it is more financially viable.
Title: Re: Is buying a house practical?
Post by: IGX on Mar 29, 2012, 06:43 PM
Hi Sir Bauer,

I agree with you 100%.  I did some numbers, at my age and say if I die at age 60, if I buy a house it will cost around 35K per month until age 60.  But if I just rent (my apartment now has no rate increase forever) just costs me 10k per month, its really unpractical.

However, for those who have a house, can you provide more information on what made you decide to get one?  Maybe I am missing something.
Title: Re: Is buying a house practical?
Post by: makasabat_po on Mar 30, 2012, 02:04 AM
Depende yan kung afford mo bumili ng house. Kung afford, why not di ba? For me kasi a house is a home. A home you can call your own not for any materialistic reason. For me having a house is one crucial decision to make lalo at hindi ka naman habang-buhay siguro na single. Sa akin kailangan ko ng bahay hindi lang para sa magiging pamilya ko kundi maging sa pamilya ng magiging mga anak ko. Parang ganun. So yung value ng bahay ay aabot hanggang sa henerasyon ng apo ng mga apo ko. Ang bahay para sakin ay hindi simpleng tulugan o pahingahan kapag pagod sa trabaho. Ang bahay ay paraiso kung saan nakakonekta ang tradisyon ng pamilya. Pero ok lang nirerespeto ko ang naniniwala na "traditional thinking" ito.

Ngayon sa mathematical computation ng bahay ay agree naman ako na sa Pinas mahal talaga ang bumili ng bahay...so siguro ipon na lang kung kumikita ka ng malaki at pag kaya na saka bumili. Sa ibang bansa kasi maayos ang programa ng "housing" di gaya sa atin na mapanganib ang ilang lugar gaya ng malaki ang posibilidad ng landslide, pagbaha sa lugar at lindol. Hindi rin maganda o walang sistema ang rental system ng Pinas, "deregulated" ito kasi at kasera ang nagtatakda ng presyo ng paupa at walang strict monitoring ang gobyerno sa limits ng halaga ng dapat na presyo ng rent. Sa rent to own ng pag-ibig naman aba'y 25 -30 years to pay naman na matanda ka na nagbabayad ka pa ng bahay. Pag minalas ka, at di ka makabayad, mahahatak naman ang bahay mo.

Ang kailangan ay isang batas na magreregulate sa rental system ng bahay, apartment o condo o kahit ano pang tipo ng bahay na tinitirhan. Kasi kung maayos ang rental system baka nga tama na magrent na lang kesa bumili. Kaso palpak nga at di naman nakikinabang ang gobyerno sa tax sa karamihan ng nagpapaupa. Isama mo pa dyan yung mga sindikato s asquatters area. Walang tax na nakukuha gobyerno dyan pero pinakikibangaan ng mga professional squatters yan. Example ang area ng North Triangle. Imagine may mga renters dyan na 'professionals' like teachers, call center agents and even nurses. Bakit sila nagrent dun? Simple kasi mas mura dun eh. Eh ano kung Area ng squatters eh ito ang afford namin. In the end, talo ang gobyerno kasi walang nakukuhang tax dun. Pero kung naisip nya na iconvert ang mga areas na yan para magparent mababa sa bahay baka sakali makakuha sya ng tax.

Problema sa lahat ng products kasi hindi maayos ang 'price regulation' system ng gobyerno kaya parang anarkista na nagdidikta yung mga traders. Kahit sa boundary system nga ng taxi at jeepneys walang ceiling eh..Yung operator ang nagdidigta ng boundary kung magkano. Dagdag pa dito ay dapat aralin din ang 'capacity to buy' ng mga employees sa Pinas sa usapin ng pabahay at kahit ng ilan pang products.

Pero sa post ni TS Ano kaya kung try mong lupa lang bilhin mo saka mo na lang tayuan ng house? Praktikal din yun sa palagay ko. Palagay lang naman hehe :D
Title: Re: Is buying a house practical?
Post by: retirado50 on Mar 30, 2012, 03:23 AM
Sa sitwasyon mo single at maganda ang trabaho, mas maganda bumili k ng lot na malapit sa work mo then magpatayo k ng apartment like mga 5 units studio type at 1 unit na may 2bed room at yun ang titirhan mo.. 2nd option 6 studio type ipatayo Mong apartment at magtira k ng maliit na lote pra pag nagasawa ka pwede k magpatayo mg dream town house mo.. Kya studio ka muna tumira habang single kpa.. Nka invest na yun pera mo, libre kpa sa rent at my income kpa :)
Title: Re: Is buying a house practical?
Post by: IGX on Mar 30, 2012, 09:18 AM
salamat po sa mga advice nyo, pare pareho po kayong may point.  medyo although nagaagree ako na may benefit din ang bahay pag nawala ako at magagamit ito ng mga anak ko, ang nakita ko naman na issue dito sa marami kong kaibigan ay nagkaaway away silang magkakapatid dahil sa agawan sa mga properties.

isa sa nagugustuhan ko sa pagrerent ay ung pera ko, assuming may 6M ako, kaya nito kumita ng kahit 4% kada taon, pero kung ito ay ibili ko ng bahay, 0% ang interest nito dahil d naman kumikita ang bahay, plus may mga maintenance costs pa.

mahirap nga pong decision ito.  lalo na ngayon mahal na pala mga bahay sa metro, kulang pa ang naipon ko para makabili ng bahay.
Title: Re: Is buying a house practical?
Post by: bauer on Mar 30, 2012, 10:58 AM
IGX,

Buy a house either for yourself or as a form of investment by using the INTEREST EARNED by your capital (money).  Use your capital to generate more money.  The profits earned from those activities can then be use to buy a property.

Do not make a loan just to buy a house. 

Pag tanda mo at nag retiro ka na, bahay lang ang asset mo at ang cash mo ay konti dahil naghulog ka ng ilang dekada.  Ang kumita at masaya ay ang bangko na nagpa utang sa iyo.  Pero ikaw ay magtitipid sa pagtanda kasi baka mabenta mo pa ang bahay mo para lang may panggastos ka sa araw araw bilang 'senior citizen'.

Have you read Rich DAD and Poor DAD by Robert Kiyosaki?  First book discussed entirely all about this issue that concerns you.

 
Title: Re: Is buying a house practical?
Post by: nightwatch on Mar 30, 2012, 04:45 PM
^there may be some underlying factors on owning or renting a house and it may be a case to case basis to say that it is practical or impractical to own a house.  For mathematical purposes first, let me give our place as an example.  10 years ago, you can buy a house and lot for 1.4 M or rent at an average amount of 12k per month. Assuming your place of work is within the area, would you buy or rent?
Title: Re: Is buying a house practical?
Post by: bauer on Mar 31, 2012, 01:40 PM
nightwatch,

in response to your theoretical situation, i offer these assumptions

1. the person has 1.4million in savings and does not intend to take a loan in case he/she buys the house.
2. 10 years ago the average time deposit rate is about 10% so 1.4million x 10% = 140,000 per annum or 11,666.67

under those scenario, I suggest that he/she should not buy the house and just rent because his/her income from  savings almost assure him/her of an 'almost rent free' stay.

another assumption,

1. he/she has only a 20% savings (1.4x0.2) about 280,000 pesos to be use as equity in a home loan
2. he/she takes out a loan (1.4x0.8) about 1.12 million and must pay it in 15 years (too good 10 years ago). Bank loan interest 10 years ago is about 15% per year.

Monthly house loan payable must be about  9,000 (straight interest method)

Under these financial terms, I will suggest that he/she should buy a house because his/her monthly loan payment is lower in cost than actually paying a 12,000 rent
Title: Re: Is buying a house practical?
Post by: Bp22estafa on Mar 31, 2012, 04:26 PM
if the house is inside a guarded subdivision or compound monthly association dues should also be consider.

buy a house when you want it,need it & when you are financially comfortable to do so not because your gf told you so.

to get rid of the pressure of buying a house you don't need, you can consider shopping for a new gf or stick to the old & use this(not owning a house) as a leverage not to marry her unless she lowered her demands.

whichever option you'll chose, you'll still be the winner & the best part you'll get to keep your money intact for better use.

suggestion lang naman  :D
Title: Re: Is buying a house practical?
Post by: warlocksfs on Mar 31, 2012, 04:47 PM
I'm in the same situation. With a growing family I'm on the lookout for a bigger house. I own a 2br townhouse which I got when I'm still single. Still hesitating on buying the bigger house in cash or under loan. And the idea of the length of time on processing the loans also hinders me.
Title: Re: Is buying a house practical?
Post by: IGX on Apr 01, 2012, 12:03 PM
Hi Everyone,

Thank you for your input.  I do agree that maybe 10 years ago a house would cost 1.4M, but I was on the same road 10 years ago.  Another GF demanded a house, I was in search for one every weekend but the cheapest during that time within the metro was 3M.   Today the cheapeast is 4M. 

I think sir Bauer and I think alike, one of the reasons I am hesitant in buying a house is because my savings are earning near the monthly dues of my rent, a year more it will be able to cover even my other expenses at home.  The big problem I have is when I explained to my GF about renting and buying a house, she through me a tool in the internet that projects that owning a house is better.  But based on the graph, its only better come age 60.

At this point I really see a house as a liability, I always have.  Because if ever the area of your residence becomes an inconvenience (may mga nagsquat sa tabi, bahain, super traffic), it will also be hard to transfer.  Or just like our house in the province, na tinirahan ng iba, nabili daw nila, and we don't want to get into the headache of suing (my time is valuable at present).  Unlike renting.

I did some math, at my age, if I pay rent at 35K/Month, tha'ts 420K/year or almost 11M by age 60.  11M indeed is a lot, but owning a 11M house when not paid outright will balloon to 15 to 17M depending on the interest rate.  It really doesn't make sense for me.
Title: Re: Is buying a house practical?
Post by: retirado50 on Apr 01, 2012, 09:17 PM
IGX,
  
      mahirap mag lagay ng 6 million ng nsa bangko lng plgi, wlang peace of mind na bka 1 day
      magsara na ang bangko na pinasukan mo ng pera(huwag nmn sna) dugo at pawis ang pinuhunan mo.
      plgi rin tumataas ang bilihin taon taon, 10 yrs from now malaki na niliit ng value ng pera mo
      kahit sabihin pa natin na tumubo ang pera mo at nalibre ka sa rent ng apartment, malaki parin
      ang nalugi mo gawa ng pagtaas ng bilihin taon taon.

      malaki prin nman ng value ng 6 million mo sa panahon ngyon at plagay ko kya pa nyan
      makabili ng house and lot sa metro, halimbawa 75-100 sqm san andres manila or mandaluyong
      area mkakabili ka ng around 3 million- 3,5 million ( lot only) then yun natira na 2.5 or 3 million mo
      ipatayo mo ng 3 storey apartment (2 units per floor=6 units) mapapaupahan mo ng 6K-7K per door
      pag around san andres or mandaluyong area. basta pili klng ng near transportation and
      commercial area pra plgi puno ng mga tenants apartment mo.

      isipin mo nlng na kung gaano ka bilis tumaas ang property sa metro manila ngayon at ang rent
      mo sa apartment khit papaano tumataas rin, kwentahin mo sa 15 yrs ang binabayad mo 12K
      per month  (sure my increase yan rent mo sa loob ng 15 yrs.) kwentahin mo rin yun kikitahin
      mo in 15 yrs kung nag patayo k ng apartment at kwntahin mo rin ang value ng property mo in
      15 years doon mo malalaman ang sagot kung nanalo o natulog ang pera mo

      ganyan kasi ang ginawa ko last 8 years ago ng nagpagawa ako ng apartment, ngyon may pamilya nko at
      nka bili na ako ng bahay at lupa sa manila  na kinuha ko sa kinita lamang ng apartment ko mula noon. at yun
      kikitahin nman ng apartment ko ngyon iinvest ko nman sa UITF at stocks, yun salary ko nman every month
      pinam papasarap kuna mahirap  na maikli lng ang buhay ng tao im 35 yrs old na ksi :hihi:
      

      




Title: Re: Is buying a house practical?
Post by: mamee on Apr 01, 2012, 09:22 PM
My officemate bought a 4M house somewhere in Muntinlupa, Crown Asia yata - not sure.

We bought a 1.6M lot in Nuvali, Laguna. Lot lang muna after 5yrs pa siguro namin ipapagawa ang bahay kasi nagpagawa kami ng rental property.

Title: Re: Is buying a house practical?
Post by: IGX on Apr 02, 2012, 10:47 AM
Sir Retirado50,

Salamat po sa advice.  Maganda nga ung magpatayo ng apartment, problema hindi yan pasok sa demands ng gf ko, kung may extra cash pa for sure papatayo po ako kasi yan din isa sa gusto ko gawing pagkakakitaan. 

Ang pinanghahawakan ko rin po kasi ngayon is ang rent ko ay increase free, kahit hanggang tumanda pa ako, 10 years na ako nagrerent in the same place, wala pong increase.  Kaya po naiisip ko mas beneficial parin magrent kesa bumili ng property.
Title: Re: Is buying a house practical?
Post by: singkit_1588 on Apr 02, 2012, 02:23 PM
Sir Retirado50,

Salamat po sa advice.  Maganda nga ung magpatayo ng apartment, problema hindi yan pasok sa demands ng gf ko, kung may extra cash pa for sure papatayo po ako kasi yan din isa sa gusto ko gawing pagkakakitaan. 

Ang pinanghahawakan ko rin po kasi ngayon is ang rent ko ay increase free, kahit hanggang tumanda pa ako, 10 years na ako nagrerent in the same place, wala pong increase.  Kaya po naiisip ko mas beneficial parin magrent kesa bumili ng property.
increase free??bakit?
anung bang plano nyo ng gf mo?
anu bang demands nya?
Title: Re: Is buying a house practical?
Post by: bauer on Apr 02, 2012, 02:31 PM
anung bang plano nyo ng gf mo?
anu bang demands nya?

IGX, guess lang po ha?  sabi ng GF nya bahay pero tingin ko gusto talaga kasalan.
Title: Re: Is buying a house practical?
Post by: IGX on Apr 02, 2012, 03:56 PM
increase free??bakit?
anung bang plano nyo ng gf mo?
anu bang demands nya?

yup increase fee, i don't know pero ganyan ung setup ng landlord ko.  ung katabi ko ngang unit, 10 years na sila and sobrang mura ng rent kasi since day 1 un na rent nila.  nag iincrease lang sya nag rate pag umaalis ung tenant :)

plano ko sya pakasalan pero nahihirapan ako sa demands nya, hindi naman po kasi ako mayaman.

demands nya mga real estate :)

IGX, guess lang po ha?  sabi ng GF nya bahay pero tingin ko gusto talaga kasalan.

yup tingin ko nga sir, pero asa demands kasi nya yan, pano ko pakakasalan kung hindi ko naman kaya ibigay mga demands, baka isumbat lang sa akin habang buhay.
Title: Re: Is buying a house practical?
Post by: nightwatch on Apr 02, 2012, 04:24 PM
^ good analysis Bauer.  I'll comment on the first scenario first, since IGX is on this scenario where his savings is equal his rent.  At some point were IGX is still single or about to start a family life, I believe renting would be the feasible choice (if you don't want to stay with your parents).  However, a few more years say 5 to 10 years from now, will the current dwelling still suffice for his family plus house helpers?

One advantage of having your own house and lot is that you have the option to build or expand your house according to your needs.  You can rent a bigger unit but would it be the same condition of no increase in rent for the succeeding years? (and ang hirap magpalipat lipat specially if you have a big family).

The 1.4M house I mentioned above is now worth at least 2.5M.  If you use your interest to rent, then, after 10 years your 1.4M is still 1.4M.  If you use the money to buy the house, then you have a 2.5M asset today. Selling this at a discount, say for a net of 2M is still good.  You can also have this rented (current rent is around 15K) if you decide to move to a new location.

Am thinking that there might be a graph or a software that can help you decide by providing the scenarios/factors.   It would tell you when is the right time to rent and when is the time to buy. Factors such as your age, the size/occupancy of the dwelling unit, gasoline/fare cost, interest rate, rent increase, age to marry, and etc.  All of which can be adjusted to answer a 'what if' scenario.  Anybody has an idea?

In summary, I believe that there is no fix answer in renting or buying.  It will depend on individual objectives and purpose.

BTW, IGX my former GF (now my wife) did not ask for a real estate but we bought one prior to getting married.  Only thing is, our TCT contains her maiden name.  
Title: Re: Is buying a house practical?
Post by: IGX on Apr 02, 2012, 04:55 PM
Hi Sir nightwatch,

Napapaisip ako sa comment nyo.  Good point nga po ung pwede maimprove ang house ang nirerent lang hindi.  Which I think will be one reason kung bibili ako ng bahay.

May software po sa internet that can do what you are looking for, and based on the graph that it has given me with the different variables I provided, I will only benefit from owning a house at age 60.  Medyo I feel that I'll be too old by then.  I tried adjusting the variables, earliest is age 50, I am still not convinced.  This is maybe because my current dwellling does not increase in fee through the years.

My current dwelling is not small too, I have 2 cars parked indoors, its secure, and other units are families with 2 to 3 children and a maid.

Sir about your GF, your lucky she did not ask for it.  I'm a bit pressured as initially she asked for a house, then an additional condo naman,.   Kaya i'm thinking renting will help me invest whatever saving i have so that I can buy what she wants
Title: Re: Is buying a house practical?
Post by: nightwatch on Apr 02, 2012, 05:32 PM
^IGX, you're so lucky with your landlord.  I rented a condo before and fixed it well.  Cabinets, tiles, screens, and etc.  After, one year or when my contract expired, the landlord told me that he sold the unit and the new owner want us to leave as ap. They threatened to cut the electricity and water if we don't want to leave.  We left, in the end, I was not able to get my deposit, because the new owner said they spent money to fix the place.

That's why I'm not comfortable with renting anymore.

On fixing the place being rented, here's a unique arrangement in one of the house rented in our place.  The tenant and the landlord had an arrangement.  The tenant will spend for building the extension and improvement of the house.  In return, he will not pay rent to the land lord for I believe, 2 or 3 years.

Title: Re: Is buying a house practical?
Post by: freefront on Apr 02, 2012, 10:32 PM
A house is a money pit waiting to be filled up with stuff. 1.4 million doesn't end right there.
Title: Re: Is buying a house practical?
Post by: rich4ever on Apr 02, 2012, 10:40 PM
A house is considered a liability and NOT an asset unless it generates an income.
Title: Re: Is buying a house practical?
Post by: pilyong_husband on Apr 03, 2012, 07:29 AM
Find a new GF :D
Title: Re: Is buying a house practical?
Post by: DonT on Apr 03, 2012, 07:33 AM
A house is not practical...its a necessity. However, ownership would depend on the means. If a person has only 10K or 15K to spare per month for a home...then probabaly its better that he rent 1st and concentrate his efforts and spare cash in increasing his cashflow.

Some people are tempted or coerced to buy a H&L or Condo...since many are saying that 10K is good enough..but it does not stop there.

So owning a reasonably priced house comensurate to one's earning capacity should be the way to go.

A 10M peso H&L may seem to much..but if the individual is an executive of a multinational company who earns in excess of 5M per year..it is probably justified.
Title: Re: Is buying a house practical?
Post by: singkit_1588 on Apr 03, 2012, 07:58 AM
A house is not practical...its a necessity. However, ownership would depend on the means. If a person has only 10K or 15K to spare per month for a home...then probabaly its better that he rent 1st and concentrate his efforts and spare cash in increasing his cashflow.

Some people are tempted or coerced to buy a H&L or Condo...since many are saying that 10K is good enough..but it does not stop there.

So owning a reasonably priced house comensurate to one's earning capacity should be the way to go.

A 10M peso H&L may seem to much..but if the individual is an executive of a multinational company who earns in excess of 5M per year..it is probably justified.

live by your means..
kumita, mag-ipon saka gumastos..
know your limits..

it takes discipline talaga noh?
Title: Re: Is buying a house practical?
Post by: bella_cor on Apr 03, 2012, 08:29 AM
Sir about your GF, your lucky she did not ask for it.  I'm a bit pressured as initially she asked for a house, then an additional condo naman,.   Kaya i'm thinking renting will help me invest whatever saving i have so that I can buy what she wants

Kung demand ng girlfriend ang bahay, go lang kung kaya mo bumili. Bahay nyo naman yun e. Kung super expensive stuff like bags, jewelry, trip to Moon and Mars ang demand nya, pede ka na mag-isip if you can live with her.

Talk to her. Let her know your level, what you can deliver. Don't ever push yourself to meet her impossible demands.

Pag di mo ba napagbigyan ang demand nya, maghahanap ba sya ng iba?  :watchuthink:
Title: Re: Is buying a house practical?
Post by: singkit_1588 on Apr 03, 2012, 08:40 AM
Kung demand ng girlfriend ang bahay, go lang kung kaya mo bumili. Bahay nyo naman yun e. Kung super expensive stuff like bags, jewelry, trip to Moon and Mars ang demand nya, pede ka na mag-isip if you can live with her.

Talk to her. Let her know your level, what you can deliver. Don't ever push yourself to meet her impossible demands.

Pag di mo ba napagbigyan ang demand nya, maghahanap ba sya ng iba?  :watchuthink:
i think his GF want to have a family in a house(home)..
ung may sariling bahay ba na uuwian after a stressful and tiring work..
ung may garden at naglalaro ung mga kids..
just my thoughts lng.hehe

what do you think guys..?
Title: Re: Is buying a house practical?
Post by: bella_cor on Apr 03, 2012, 08:59 AM
i think his GF want to have a family in a house(home)..
ung may sariling bahay ba na uuwian after a stressful and tiring work..
ung may garden at naglalaro ung mga kids..
just my thoughts lng.hehe

what do you think guys..?

most of the girls want that. we dream about that.

so give your girl whatever she wants, if you can. kasi if you can not, she might find someone who will/can give it to her.

how about the additional condo? rental property or just another liability?
Title: Re: Is buying a house practical?
Post by: IGX on Apr 03, 2012, 09:39 AM
She mentioned that the condo will be as an investment, so I assume and will take it that it will be rented out.

I'm already pushing myself to the limit but what will stop her from finding someone else if I don't meet her future demands.

I guess we'll just have to do some trips to look at houses that are for sale which are reasonable for me (since i'm paying for it) and is also reasonable to keep if in case she leaves me :)
Title: Re: Is buying a house practical?
Post by: alone on Apr 03, 2012, 10:48 AM
isa lang ibig sabihin nyan.. GF mo ang high maintenance, ang i think, habang naghahanap ka ng bahay, isabay mo na rin ang paghahanap ng GF na di mahirap imaintain at matutong makuntento, isama mo na rin ang marunong sa buhay,..

ON TOPIC : tama sila, kung di mo pa kailangan ng bahay, wag ka munang bumili, paikutin mo muna ang pera mo hanggang sa lumago, baka sakaling pag nakita mo na ang RIGHT partner mo, palasyo pa mabili mo.. :)
baka kasi mapressure ka sa GF mo tapos ang mabili mong bahay marami palang package na problema di ba?
yun lang.. ahihihi...
Title: Re: Is buying a house practical?
Post by: bauer on Apr 03, 2012, 11:55 AM
I'm already pushing myself to the limit but what will stop her from finding someone else if I don't meet her future demands.
 

Your biggest problem now is not the HOUSE that you plan to buy or rent.  It's easy, you know the answer.  Your instinct is correct.

Your main problem is your GF.  unsolicited advice, kung bago kayo ikasal, eh pera at properties na ang pinag uusapan at hindi kayo magkasundo sa diskarte, pwede ka pa umiwas sa bato na ipupukpok mo sa iyong ulo. 

magastos ang kasal, magastos rin ang annulment. huwag na natin isali ang 'emotional pain' lalo na kung may mga anak na involve.

I believe ang impyerno ay nandito na sa ating mundo hindi kailangan mamatay muna bago natin maranasan ang impyerno. pwede ring buhay pa tayo ay para na tayong nasa impyerno.

remember this, mahigit 50% ng population natin ay mga babae, marami pa sila na may mabuting kalooban bukod sa maganda.  Ang kulang ay ang mga responsable at tunay na mga lalaki.  konti lang sila. supply & demand ito. 

ang nanay ay iisa at hindi pwede palitan.  Ang GF even asawa, pwedeng palitan anytime lalo na kung nagbibigay ng sakit sa ulo.

Title: Re: Is buying a house practical?
Post by: nightwatch on Apr 03, 2012, 02:11 PM
^I'll reserve my comment on the GF.  Bahala na si IGX dyan.  Ang mahirap lang is masanay si GF na you always give in to all her whims.   Paano pag wala ka nang mailabas?

The most that I can advise is for IGX to limit the monetary exposure.  Masama man pakingan, but don't declare all the cash you have.  Baka sumama pa ang loob ni GF, if say she knew you have 2M and you can't buy her a 1.8M na condo.

Title: Re: Is buying a house practical?
Post by: ferrariEverest on Apr 03, 2012, 04:10 PM
At this point I really see a house as a liability, I always have.
if u view a house as a liability, then it definitely is a liability to you, so don't buy one.
saka dont buy one only because 'gusto ni gf'.
trust me, if your gf really loves u, sasama yan sayo/ok lang sa kanya whether u are living on a rented house or not, or kung mayaman ka o hindi.

dont put unnecessary pressure on yourself.
instead of thinking of buying a house, think about ditching her if she doesn't change her tune. before u ditch her, turuan mo siya maging financially literate. obviously u are the more sensible one between you two.
kung committed kayo sa isa't isa, money matters ay napakaimportante at yung may "higher" financial EQ & IQ ang dapat magdominate at "magsteer ng ship", otherwise, mauubos pera nyo & worst case scenario is maghihiwalay rin kayo. i'm sure u don't want that to happen so ngayon pa lang ayusin & pag-usapan nyo na yung financial aspect ng relationship nyo.

Ang pinanghahawakan ko rin po kasi ngayon is ang rent ko ay increase free, kahit hanggang tumanda pa ako, 10 years na ako nagrerent in the same place, wala pong increase.
wow, saan yan? :D increase free? guaranteed ba o inference/hunch mo lang?
if it is not guaranteed (unspecified sa kontrata), e d may chance pa rin mag-increase in the future.

^ good analysis Bauer.  I'll comment on the first scenario first, since IGX is on this scenario where his savings is equal his rent.
Sir nightwatch, minor correction...
if u were quoting IGX, sabi nya "savings is earning near the monthly dues of my rent"

FYI lang. :)

plano ko sya pakasalan pero nahihirapan ako sa demands nya, hindi naman po kasi ako mayaman.
demands nya mga real estate :)
naks, hanep ang demands :D
baka mayaman or middle class/upper middle class si GF kaya ganyan :D
i highly suggest that u get to know her more. mukhang may psychological reason kung bakit sya ganyan.

A house is a money pit waiting to be filled up with stuff. 1.4 million doesn't end right there.
for sure. :D

Kaya i'm thinking renting will help me invest whatever saving i have so that I can buy what she wants

i think his GF want to have a family in a house(home)..
future pa yun.
there is no guarantee na kasama sa future ni IGX yung current gf nya.
so ang tamang diskarte is to NOT give in to her overbearing demands.
besides, ready, willing AND able na ba si IGX to do that? i don't think so.

so give your girl whatever she wants, if you can. kasi if you can not, she might find someone who will/can give it to her.
blackmail?
lol, that's ludicrous.
that's not true love. materialistic & parasitic love yun.

ang basa ko kay IGX, he's a sensible & responsible guy. if iiwan sya ng GF nya, lol, it's her loss. bihira lang ang gaya ni IGX. mas maraming lalake na iresponsable, maliit kita & insensible.

She mentioned that the condo will be as an investment, so I assume and will take it that it will be rented out.
why should a person who is obviously less financially literate than u make the decision?

Quote
I'm already pushing myself to the limit but what will stop her from finding someone else if I don't meet her future demands.
True love & commitment
if u do not give in to her ludicrous demands & she leaves u, let her. malas nya. alam mo na na real estate ang love nya, hindi ikaw. :D
bro, suggest ko sayo, gawin mong acid test ng relationship nyo yang real estate issue. DO NOT give in to her demands NOW. discuss it with her na impractical bumili ng bahay at ayaw mo & d ka ready.


isa lang ibig sabihin nyan.. GF mo ang high maintenance, ang i think, habang naghahanap ka ng bahay, isabay mo na rin ang paghahanap ng GF na di mahirap imaintain at matutong makuntento, isama mo na rin ang marunong sa buhay,..
o ayan IGX ha,
spoken by a sensible woman.

Post Merge: 1333440962
Your biggest problem now is not the HOUSE that you plan to buy or rent.  It's easy, you know the answer.  Your instinct is correct.

Your main problem is your GF.  unsolicited advice, kung bago kayo ikasal, eh pera at properties na ang pinag uusapan at hindi kayo magkasundo sa diskarte, pwede ka pa umiwas sa bato na ipupukpok mo sa iyong ulo.  

magastos ang kasal, magastos rin ang annulment. huwag na natin isali ang 'emotional pain' lalo na kung may mga anak na involve.

I believe ang impyerno ay nandito na sa ating mundo hindi kailangan mamatay muna bago natin maranasan ang impyerno. pwede ring buhay pa tayo ay para na tayong nasa impyerno.

remember this, mahigit 50% ng population natin ay mga babae, marami pa sila na may mabuting kalooban bukod sa maganda.  Ang kulang ay ang mga responsable at tunay na mga lalaki.  konti lang sila. supply & demand ito.  

ang nanay ay iisa at hindi pwede palitan.  Ang GF even asawa, pwedeng palitan anytime lalo na kung nagbibigay ng sakit sa ulo.

hahaha. pareho tayo naisip Sir bauer.
do not hesitate magpalit ng GF. :D

since mas marami ang babae, gusto ko pa nga "umampon" ng 2nd or 3rd e. kasi naniniwala ako maraming mabait & ok na babae. baka mapunta pa sa mga sira ulong lalake.
kung aso nga inaampon, what more yung ok na girls, d ba.  :D
Title: Re: Is buying a house practical?
Post by: IGX on Apr 03, 2012, 05:13 PM
Salamat po sa advice ng lahat malaking confirmation po ito sa aking mga haka haka at paninindigan ko po na sa stage ng aming relationship at sa panahon ngayon hindi pa po tamang oras para bumili ng property.

Kung bibibili man ako ito ay gagawan ko ng tamang pagplaplano at dapat ito ay dahil makakatipid ako sa travel time, transportation expense or sa iba pang bagay.

Medyo galing kasi sa mataas na pamilya ung GF ko, ako naman po ay probinsyano na nagsumikap at doble/triple kumayod kaya nakapagipon ng konti. 

Palalaguin ko pa lalo ang aking naipon bago ako pumasok sa mga bagay na tingin ko ay Liability (tulad ng bahay dahil tama, hindi lang sa pagbili natatapos ang gastos, insurance, taxes, appliances, maintenance, etc).  Yan ang sabi ko sa GF ko.

Hindi nga po practical ang bumili ng bahay sa ngayon, lalo na po pag 8M up ang value and isa lang po tayong empleyado na umaasang sumahod kada buwan.

Yung sa GF issue, aayusin ko po, madali lang kasi ako magmahal, pero lahat pinaghahandaan ko, ayaw ko magutom pamilya ko kaya po naitanong ko rin ung topic na ito, dahil mas iinvest ko po ung perang naipon ko sa negosyo, investments, stocks, bonds kesa ito ay asa isang bagay na hindi kumikita unless ibenta.  Mahirap nga lang po magbenta ng property.
Title: Re: Is buying a house practical?
Post by: ferrariEverest on Apr 03, 2012, 05:40 PM
baka mayaman or middle class/upper middle class si GF kaya ganyan :D
i highly suggest that u get to know her more. mukhang may psychological reason kung bakit sya ganyan.
Medyo galing kasi sa mataas na pamilya ung GF ko
bingo!  :D
ikaw na bahala sa next steps, alam namin kaya mo yan :rakenrol:
Good luck Sir
Title: Re: Is buying a house practical?
Post by: bauer on Apr 04, 2012, 11:35 AM
since mas marami ang babae, gusto ko pa nga "umampon" ng 2nd or 3rd e. kasi naniniwala ako maraming mabait & ok na babae. baka mapunta pa sa mga sira ulong lalake.
kung aso nga inaampon, what more yung ok na girls, d ba.  :D

FE,

bakit ganun? we are in the same wavelength........
Title: Re: Is buying a house practical?
Post by: nightwatch on Apr 04, 2012, 12:24 PM
^O.T. ..Pag ampon?  Sinabi ko na rin sa Misis ko yan.  Gusto nya kasi mag ampon.  Sabi ko okay lang akong sa pag ampon kaya lang ayoko na ng alagain, mahirap pag baby.  Sabi ko me alam ako pwede ampunin magandang bata, pwedeng pag artistahin,  16 yrs old..d na kailangang alagaan :watchuthink:.....nagalit si Misis :-[
Title: Re: Is buying a house practical?
Post by: ferrariEverest on Apr 04, 2012, 02:14 PM
FE,
bakit ganun? we are in the same wavelength........
haha, talaga?
aba, marami pala talaga tayo mapaguusapan, Sir. :hihi:
pakiramdam ko sa overabundant ang pagmamahal ko, pwede pa mag-accommodate ng 2 or more :-*

kung kaya at willing ako magdonate sa mga bata, why not do the same sa mga babae? :)

^O.T. ..Pag ampon?  Sinabi ko na rin sa Misis ko yan.  Gusto nya kasi mag ampon.  Sabi ko okay lang ako sa pag ampon kaya lang ayoko na ng alagain, mahirap pag baby.  Sabi ko me alam ako pwede ampunin magandang bata, pwedeng pag artistahin,  16 yrs old..d na kailangang alagaan :watchuthink:.....nagalit si Misis :-[
hahah. hindi na alagain, ikaw na ang aalagaan, ganun ba?
ganun din requirement ko. :D

ako Sir, magte-trenta pa lang, more or less may 30-40 years pa ko na pwedeng i-devote sa pag-ampon (my healthy living would probably extend it further, LOL). since nagalit misis nyo, i-refer nyo na lang sakin yan :D
age 'eligibility/requirement' kasi sa akin is +/-18 to 30 y.o.; no work experience required :D


para hindi todo OT  :D...
Sir IGX, break na ba kayo? :D
Title: Re: Is buying a house practical?
Post by: freefront on Apr 04, 2012, 02:16 PM
@fE OT: anong tawag mo dun sa 2nd and 3rd na pareho lang naman sa estado nung N0.1. Kung legal yung una, mistress o concubine yung mga kasunod. Puro GF with equal rights?

Considering na GF nga sila, they would be financially independent of you. Not to make you sound arrogant, but all they'll get is "you"? Isa pa, kasi nga mga "ampon", they will be all cohabiting with you? Kids? (Syempre, off-limits yung bat-cave mo]. Ganito na lang kaya para mapabilis ang usapin, i-redefine mo ang "Harem" para sa trip mo.  :D O balak mo gumawa ng bagong religion  :hihi:

@bauer- I'm a bit disappointed, but don't mind me  :D. Actually, The Old Testament doesn't have the word "spinster" daw dahil isa sa mga more than 1,000 instructions/rules to live by is to take more than 1 wife para daw to take care of the most number of women( mostly, para hindi sila mapariwara). Pero those alliances are bound by the laws of divorce, espousal and children's financial support and distribution of wealth after the patriarch dies.

@IGX- mukhang you got yourself a trophy-wife-to-be. The status-conscious other half will acquire the cars, jewelries, trips, etc., down the line. Including well-bred kids going to the best schools. It's not a bad idea per se, just as long as she works just as hard at her end of the bargain.
Title: Re: Is buying a house practical?
Post by: pilyong_husband on Apr 04, 2012, 02:17 PM
@IGX.. mayaman naman pala e.. Pakasalan mo na yan.. sayang din yung mana :D hehe
Title: Re: Is buying a house practical?
Post by: IGX on Apr 04, 2012, 02:28 PM
Hahaha natawa naman ako sa inyo mga sir.  Kami parin po :)  And I don't really care about her social status or how much money they have.

I think once we marry were on our own.  And kaya nagsusumikap din ako :)

Marrying her because she is a throphy wife does not feel right po :)
Title: Re: Is buying a house practical?
Post by: ferrariEverest on Apr 04, 2012, 02:37 PM
@fE OT: anong tawag mo dun sa 2nd and 3rd na pareho lang naman sa estado nung N0.1. Kung legal yung una, mistress o concubine yung mga kasunod. Puro GF with equal rights?

Considering na GF nga sila, they would be financially independent of you. Not to make you sound arrogant, but all they'll get is "you"? Isa pa, kasi nga mga "ampon", they will be all cohabiting with you? Kids? (Syempre, off-limits yung bat-cave mo]. Ganito na lang kaya para mapabilis ang usapin, i-redefine mo ang "Harem" para sa trip mo.  :D O balak mo gumawa ng bagong religion  :hihi:
no, equal footing lahat since wala namang legal papers signed. :D
pero rights & respect-wise, ladderized & sensible dapat. yung nauna gets a bit more respect & rights, tapos yung matanda age-wise will get the most respect. sounds like a good plan? :) (i'm curious to get your thoughts, barado pa rin ba like a kitchen sink ang PM mo? :D)

the plan is may sariling cave bawat isa. pero we all will interact often (eat together, etc)
may screening process bago idiscuss ang kids.
i wont discuss it further baka kasi may gumaya. patent pending pa kasi  :D

i have my own religion, hehe. lalo na, nalaman ko that those who pontificate do bad deeds themselves. to hell with them.....basta ako, i will do good, make good; be at peace, and make peace.

Quote
@bauer- I'm a bit disappointed, but don't mind me  :D. Actually, The Old Testament doesn't have the word "spinster" daw dahil isa sa mga more than 1,000 instructions/rules to live by is to take more than 1 wife para daw to take care of the most number of women( mostly, para hindi sila mapariwara). Pero those alliances are bound by the laws of divorce, espousal and children's financial support and distribution of wealth after the patriarch dies.

aha! nasa Old Testament ba yun?
another reason for me to really push with my 'ampon' plan! hahaha
precisely my thoughts --- take care of the most number of women( mostly, para hindi sila mapariwara)
san ba sa Old testament yan, ma-i-print nga. :D thanks for that info :)
Title: Re: Is buying a house practical?
Post by: freefront on Apr 04, 2012, 03:17 PM

Marrying her because she is a throphy wife does not feel right po :)

It is not a slam against you. There are women who are raised to be that way. They are from an established family, mostly beautiful, raised to move around the haves more than the have-nots, well-educated, well-connected etc. In other words, a whole kaboodle of expectations are heaped on them and on societal pressure, will live their lives as programmed. The upside being, these women have an unbelievable amount of drive to achieve more than what their peers are capable of, even up to the point of topping what their parents have done. Assuming that is the direction you're aiming at, only thing to do is to check out if she really has "It" to bring to the table. You going it alone is too much of a high-pressure living. BTW, hindi halata, pero very bossy ^yang mga yan, may finesse nga lang  :D

Title: Re: Is buying a house practical?
Post by: ferrariEverest on Apr 04, 2012, 03:26 PM
^ haha. alam na alam a :D
Title: Re: Is buying a house practical?
Post by: bajoyjoy on Apr 04, 2012, 04:02 PM
Masyadong demanding yata ang wife to be ni IGX. parang napapaisip kami na on-lookers if she’s all worth it and if you, husband to be, will be able to put up with it and for how long. dagdag pa jan your effort to prove your worth to her and to her family? Ang mag-asawa dapat partners, magkatuwang sa lahat ng bagay. It surely is nice kung mapoprovide mo lahat ng needs and wants and luxuries nya, pero paano kung hindi? Can she see a life with you ng wala ang lahat ng yun? you may be laughing it off right now, but it is a serious question that you should be able to ask her and she should answer ng direcho.

I think bauer said it perfectly, kung pera at properties pa lang issue na ngayon pa lang na wala pang tali sa inyong dalawa, then it might be more prudent to take a step back and plantsahin muna yang mga usapin na yan. baka maaga syang mabyuda kung ganyan kabigat na obligations kagad ang nakaatang sa balikat mo, hindi pa man kayo kasal...

as to the practicality of buying a house, praktikal kung may kahati ka sa pagbabayad at pagpupundar. kung solo ka lang na gagastos para jan, e dapat may sapat kang kita to pay the monthly mortgage, and at the same time, provide for your wife and family.
Title: Re: Is buying a house practical?
Post by: freefront on Apr 04, 2012, 04:48 PM
no, equal footing lahat since wala namang legal papers signed. :D
pero rights & respect-wise, ladderized & sensible dapat. yung nauna gets a bit more respect & rights, tapos yung matanda age-wise will get the most respect. sounds like a good plan? :) (i'm curious to get your thoughts, barado pa rin ba like a kitchen sink ang PM mo? :D)

That should work, only if you find your female equivalent, mindset-wise. As to my position on the matter:  If you were mine, I'm not sharing. You can move along when I'm done with you.  :D

Women are forbidden to practice the same of what you are allowed to do. This I've heard from a 22 y.o. CPA, Jordanian and a practicing Muslim: A woman has one uterus. Her having multiple partners puts into doubt the parentage of any child she bears. That simple.

Quote
the plan is may sariling cave bawat isa. pero we all will interact often (eat together, etc)
may screening process bago idiscuss ang kids.
i wont discuss it further baka kasi may gumaya. patent pending pa kasi  :D

Which begs the question: what kind of drugs will you all be partaking? Women haven't quite smashed their tendency to outdo each other. Put a man in the middle and that will be like asking for Israel to make  peace with Jordan, Syria, Lebanon, Egypt and Palestine. Can you say PEACE? They'll have a piece of you and each other, alright.

Quote
i have my own religion, hehe. lalo na, nalaman ko that those who pontificate do bad deeds themselves. to hell with them.....basta ako, i will do good, make good; be at peace, and make peace.

aha! nasa Old Testament ba yun?
another reason for me to really push with my 'ampon' plan! hahaha
precisely my thoughts --- take care of the most number of women( mostly, para hindi sila mapariwara)
san ba sa Old testament yan, ma-i-print nga. :D thanks for that info :)

Actually it was told to me by Shapira. He's a retired Israeli soldier who volunteered to drive me to Bethlehem every time I wanted to cook sinigang na pata (only one Arab-Christian family raises pigs and slaughters them for sale found in that area). Same person who told me that when God sent my soul to occupy a new born baby, another soul was sent down to be my soulmate. Siyempre pa, irreverent that I am, i fired the following questions: What if the soulmate was sent way ahead of me and he is now old? What if he'll be sent down 20 years later on and I'm a lot older? Am I alloted only one soulmate? What if he turns out to be a girl? A lot more questions and I got one answer: He knows what He is doing.

The Torah is exactly The Old Testament, which is the base of all the 3 major religions. All 3 religions give their own interpretations on the views of marriage, divorce and everything else. Your views do not fit into any of those  :D As a matter of fact, you would be defiling those women. So---you are on your own because you are not into religion anyway  :watchuthink:

I don't remember which part the ^above was mentioned, but Abraham-Sarah-Hagar in Genesis would be a start.

Para hindi sobrang OT, as in over the top off topic or OTTOT: It was also mentioned that when you take a woman as a wife, you will honor her in the manner by which she was born. Loosely speaking, if you get a rich wife, it is not right for you to put her in a dampa. Provide a house befitting her station in life. Very old-fashioned, but it is not one of those commandments carved by fire into stone tablets.
Title: Re: Is buying a house practical?
Post by: bajoyjoy on Apr 04, 2012, 04:59 PM
^very extensive knowledge on that culture ff, how come? did u live there for a long time?

i bet vicces will have a field day on that "soulmate sent down 20 years later" statement of yours. nga lang, OT na. :D
Title: Re: Is buying a house practical?
Post by: freefront on Apr 04, 2012, 05:03 PM
^ haha. alam na alam a :D

Ba't ang hilig nyo magparatang?  :D  Tatay ko lang nagsabi na maganda ako. Yung iba, parang pick-up line: there's something about you... Me:  :taaskilay: ahahhh... do tell....
Yung ibang attributes---nothing there fits me.
Title: Re: Is buying a house practical?
Post by: ferrariEverest on Apr 04, 2012, 05:09 PM
That should work, only if you find your female equivalent, mindset-wise. As to my position on the matter:  If you were mine, I'm not sharing. You can move along when I'm done with you.  :D
aampunin na nga sila, kailangan ba pareho pa rin kami ng mindset? hehehe

why can't it be just like eating chocolates, wherein i can eat several kinds of chocolate any time, all the time? :D

Which begs the question: what kind of drugs will you all be partaking? Women haven't quite smashed their tendency to outdo each other. Put a man in the middle and that will be like asking for Israel to make  peace with...
make love, not war. :D
when people are healthy, they don't need drugs. proteins in the body will take care of things. :)

how not to have a chaotic cave? i think i just need to make a big print out of that old testament verse & have it as part of the top 10 house rules. :D

Para hindi sobrang OT, as in over the top off topic or OTTOT: It was also mentioned that when you take a woman as a wife, you will honor her in the manner by which she was born. Loosely speaking, if you get a rich wife, it is not right for you to put her in a dampa. Provide a house befitting her station in life. Very old-fashioned, but it is not one of those commandments carved by fire into stone tablets.
that logic has a loophole. lol
consider this: if i follow the same logic... what if the wife was born in a mendicant family, or sa squatters? does it logically follow that the husband should keep the 'tradition' & have their family live & propagate their mendicant or squatting ways? doesn't make sense right :D

Post Merge: 1333530736
Ba't ang hilig nyo magparatang?  :D
far from it.
it was a commendation :)
to be more precise, it was simply a inferential interjection on my part
Title: Re: Is buying a house practical?
Post by: freefront on Apr 04, 2012, 05:37 PM
^very extensive knowledge on that culture ff, how come? did u live there for a long time?

i bet vicces will have a field day on that "soulmate sent down 20 years later" statement of yours. nga lang, OT na. :D

2 months. I had to accompany my nephews because their parents had to get ready to move out and things had to be established sa kabilang side. Akala ko nga romantic notion lang yung soulmate  :D I was more amused by that guy ^ who I just met that afternoon, sa pancitan ng isang Thai restaurant, asking me why I'm still single and proceeded to quote lines from The Book as if I'm this badly wounded person who needed prayers for first aid, immediately. I tell you, those people are so assertive to the point of being rude. You've got to keep your sense of humor around you. Useless makipag-argue. Pinakuwento ko na lang kung paano nya naligawan yung asawa nya eh bawal manligaw ang officers sa mga recruits. He was 37, she was 19.

Post Merge: 1333532820

how not to have a chaotic cave? i think i just need to make a big print out of that old testament verse & have it as part of the top 10 house rules. :D

Oh. Rules. Have them sign a contract, too. Fingerprints, footprints and noseprints included. What's the punishment for every infraction. O-ha?!? Polish the plan. To the bat cave!!!

Quote

that logic has a loophole. lol
consider this: if i follow the same logic... what if the wife was born in a mendicant family, or sa squatters? does it logically follow that the husband should keep the 'tradition' & have their family live & propagate their mendicant or squatting ways? doesn't make sense right :D


Post Merge: 1333530720
far from it.
it was a commendation :)
to be more precise, it was simply a inferential interjection on my part
[/quote]

Forum Rule: Post in English and Tagalog only.

When did you start speaking French  :hihi:

Post Merge: 1333533067
Wait lang. About the mendicant/squatters thing: there's probably a loophole there along the lines of " make things better" or the " of course, there's always a double standard"  :D  GTG.
Title: Re: Is buying a house practical?
Post by: axex on Apr 04, 2012, 09:08 PM
IGX,
pakasalan mo na..
nasa age na naman kayo eh..
:)
Title: Re: Is buying a house practical?
Post by: sneaker23 on Apr 04, 2012, 11:42 PM
i enjoyed reading the discussion above that i totally forgot what the thread was all about... not until i scroll up :-D
Title: Re: Is buying a house practical?
Post by: bauer on Apr 05, 2012, 04:37 PM
@bauer- I'm a bit disappointed, but don't mind me  :D. Actually, The Old Testament doesn't have the word "spinster" daw dahil isa sa mga more than 1,000 instructions/rules to live by is to take more than 1 wife para daw to take care of the most number of women( mostly, para hindi sila mapariwara). Pero those alliances are bound by the laws of divorce, espousal and children's financial support and distribution of wealth after the patriarch dies.

Oh sorry i thought you will not notice my post.  Anyway, an idea is different from an act.  It is just a kind of 'hopeful thinking'.  Tama nga si nightwatch, discuss with your partner-in-life about the prospect of 'pag-ampon'. If she has a 'violent reaction', it's time to give up. that's it.

Di ba nasabi ko rin mahirap mabuhay na parang nasa impyerno ka na? 

Title: Re: Is buying a house practical?
Post by: vicces on Apr 05, 2012, 11:16 PM

i bet vicces will have a field day on that "soulmate sent down 20 years later" statement of yours. nga lang, OT na. :D

mula sa pagbili ng bahay to finding your soulmate. very true. very OT, and right up my alley. i will reply pero dun sa random thread (http://www.pinoymoneytalk.com/forum/index.php?topic=39459.90) ko na lang ipost para mabuhay na rin (ff doon tayo magtuos, na-OP na yung thread starter dito o! tsk, tsk!)

back on T.

dun sa usapang pagbili ng bahay -- the fact that you (IGX) are putting into question the practicality of buying a house considering your circumstances na magsisimula pa lang sa buhay may asawa, should already give you a hint as to what the answer is. parang pag may sakit ka, do you even think kung practical na bumili ng gamot?hindi, kasi practicality is a non-issue, medicines are a necessity  para gumaling ka, the only other alternative is, hayaan mong mag-self heal ang katawan mo which is acutally even less practical. now, yung magkaron ng bahay na titirhan, necessity din, pero maraming cheaper alternatives na available instead of "buying" or owning one, esp at this point in your early family life. since ipinasok mo yung aspeto ng pagiging praktikal, malinaw na kagad sa akin na hindi ka pa tiwala sa kakayahan mo na panagutan ang ganyang kalaki at kabigat na obligasyon.

in short, alam mo na ang sagot bago mo pa man ibinahagi ang iyong tanong. Alam na. Ang totoong problema e, pano makukumbinse si wifey ng hindi sya magdududa sa kakayahan mong maibigay ang bawat kahilingan nya.
Title: Re: Is buying a house practical?
Post by: freefront on Apr 06, 2012, 03:02 AM
Oh sorry i thought you will not notice my post.  Anyway, an idea is different from an act.  It is just a kind of 'hopeful thinking'.  Tama nga si nightwatch, discuss with your partner-in-life about the prospect of 'pag-ampon'. If she has a 'violent reaction', it's time to give up. that's it.

Di ba nasabi ko rin mahirap mabuhay na parang nasa impyerno ka na?


Commonly naman yata, pag nalaman ng asawa, after the fact na. And I haven't met a wife who became No.1 ( as opposed to "the only one") who was totally ok with the arrangement. It was always at some kind of cost. You okay when the wifey suddenly goes out for dance lessons? Or wants to upgrade her engagement ring from 1.2 carats to 2 carats (malakas kasi ang chismis sa jewelry store)?

It will indeed be hell on earth if you think of the logistics involved.

Have you read miko's link to daza's book ? That is weirdly but remotely connected to the TS' question.
Who is the politician who built his mistresses' houses using the same floor plan para hindi sya maligaw pag bumangon sya sa gabi? Is buying a house practical? For ^that politician, the answer would be NO.

@IGX- The budget for the house alone is 8M? Maybe you should ask your fiancee' if she has plans to move to a bigger one, or move to a more prestigious postal area code? I would think future costs for that event should be factored in?
Title: Re: Is buying a house practical?
Post by: IGX on Apr 06, 2012, 10:47 AM
Hi Ma'am Vicces,

I do agree with you that one of the problems I will be able to provide such an expensive house.  It also doesn't stop there as sir Bauer and Sir Freefront mentioned.

If I do get her a 8M house, the appliance and all other items inside that house will and should cost 2 to 4M.

A car goes next, another house probably and more.

At my age I have been early well to have 2 to 4 out of country trips a year, but still, we cannot foresee what will happen in the future, if I spend all my money now on properties, where do I get money to spend on our travel, health, entertainment?

This is why I am leaning towards investing the money rather than buying a house.

I guess I should open another topic and ask if a man at my age and social status should still marry or have the right to :)
Title: Re: Is buying a house practical?
Post by: mikoangelo on Apr 06, 2012, 12:13 PM

Hi Ma'am Vicces,

Sir Freefront


 :rofl: :rofl:

Ok na,kumpleto na arw ko....

 :offtopic:
Title: Re: Is buying a house practical?
Post by: vicces on Apr 06, 2012, 12:46 PM
@IGX

:-* :-* :-*
Title: Re: Is buying a house practical?
Post by: Archcavalier on Apr 06, 2012, 01:36 PM
Hi Ma'am Vicces
Sir Freefront mentioned.

 :idol: :idol: :idol: :idol:



Title: Re: Is buying a house practical?
Post by: axex on Apr 07, 2012, 08:33 PM
Hi Ma'am Vicces,
 sir Bauer and Sir Freefront mentioned.



si freefront ang ma'am db?  :harhar:
at sir si viccess??  :D
nalito ako ah...
 :hihi:
Title: Re: Is buying a house practical?
Post by: Archcavalier on Apr 07, 2012, 09:45 PM
si freefront ang ma'am db?  :harhar:
at sir si viccess??  :D
nalito ako ah...
 :hihi:

Honestly dear it really doesn't matter...
They are already a couple, need more to ask? 
Its interchangeable btw...
Title: Re: Is buying a house practical?
Post by: danicasanchez on Apr 14, 2012, 08:06 PM
In my own opinion, buying a house while you're still single is practical. That's an investment and we don't really know in the future if you will still going to earn that money you're earning right now. What if when you get married and then time will come that you'll be having a financial problem? Do you think you can still afford to buy your own house for your family? If you can afford right now then go ahead.
Title: Re: Is buying a house practical?
Post by: KERSMcPherson on Apr 15, 2012, 01:46 AM
Hi Everyone,

I need advice.  I have been thinking over this problem for months now and until now I still do not know how to proceed.

I am single, in my early 30s, have a good source of income.

I am currently renting an apartment and own 2 cars and maybe 3 in the future.  I was doing the numbers for a long time now and based on the numbers buying a house may seem too costly than renting.

However, most of the people I know own one.

If you were single would you buy a house?  What are the benefits of owning one?

Appreciate the advice.

you should be. and I think you already lost some time. a house is a good investment. kung may kaya ka (i mean mag improve pa finances mo lalo), pwedeng maging source of income ang bahay. if I were you- considering you can have up to 3 cars, I'll buy 2 units townhouse for that.
Title: Re: Is buying a house practical?
Post by: jaytrix on Apr 15, 2012, 06:37 PM
@TS sir, yung mga binibili mo is more of a liability than asset (investing in cars)..

kelan ka bibili sir kung ang value ng cars mo eh 30% the total cost at yung house and lot / bahay ay 300%+ the cost?
come to think of it, owning a house will eventually free you from the cost of renting..
Title: Re: Is buying a house practical?
Post by: piapenn on May 07, 2012, 04:17 PM
Well, at present economic crisis/recession,its really hard to invest and spend wisely.However,weighing the pros and cons of buying a house will be a good idea.I have also read recently that individuals younger than 35 has hit particularly hard, with joblessness numbers double the national average. For 20 percent of parents of young adults, the challenging economy has been one aspect in their conclusion to help their children buy a house. I just came across this article: More mothers and fathers helping their adult children buy homes (http://href="http://personalmoneynetwork.com/moneyblog/2012/02/15/parents-helping-buy-homes/). Kinda interesting. I believe parents are indeed concerned of their children's future.
Title: Re: Is buying a house practical?
Post by: iLOVEu on May 07, 2012, 07:05 PM
Just to answer the question, as long as di mo uubusin pera mo para lang makabili ng bahay. Just make it a "PART" of your portfolio. =)
Title: Re: Is buying a house practical?
Post by: rds on May 08, 2012, 01:24 AM
pwede din siguro ang title ng thread - "IS IT PRACTICAL TO HAVE 3 CARS AND NOT OWNING A HOUSE?"
Title: Re: Is buying a house practical?
Post by: spidermannn on May 08, 2012, 02:43 AM
actually i could buy 2 house...pero khit isang car & haws wala ako, ..

kase nmn every two mths abroad ako...and parents ko nasa canada na...and single ako..

so sa life style and, and type of work mo mag babase kung advisable na bumili ka ng haws.. if your planning to get married and have kids,, e kelangan mo nga..

pero kung single ka and traveller ka, no! ang sagot,

pwera nalang kung ipaparent mo sa iba!
Title: Re: Is buying a house practical?
Post by: IGX on May 10, 2012, 08:44 AM
Medyo mahaba na po pala tong thread ko.

Para sa akin po kasi hindi practical ang bahay kung magisa mo lang, at kung iloloan, kaya ko po na gawa ung thread na ito. 

Kasi po, say ang bahay ay worth 6M, kung iloloan po ang 4M at 11% per annum for 5 years, lalabas po na 6.2M ung amount, total cost of investment aabot ng 8.2M para sa 6M na bahay.

Ang sasakyan po kasi madali idispose, ang maintenance cost po nito kung marunong kayo sa sasakyan halos change oil lang po (900.00 per 6 months to 1 year).  Car registration (4k/year/car).

Ang bahay po, kailangan i maintain, real estate tax, garbage fee, maintenance sa fixtures.  plus ung bahay po na 6M, bibilhan pa po yan ng appliances, syempre kung ang bahay po ay worth 6M, d naman pwede folding bed lang ang laman :) kailangan babagay rin po sa bahay.

In summary po medyo siguro subjective po ung inquiry ko, kasi po kailangan mag cost benefit analysis. In my case, ung rent ko po ay hindi nagbabago, 10 years na po akong tenant and i am very sure na kahit umabot ako ng age 70, same parin ang rent ko.  Kaya mas practical po para sa akin mag rent kasi magkabahay na ako lang po ang nakatira.

PS: kasi po nung sinabi ko sa gf ko na d muna kami bibili ng bahay, sumunod na linggo ay naging single ako...
Title: Re: Is buying a house practical?
Post by: EngrjEEpoy on May 10, 2012, 10:11 AM
Apir IGX sa P.S. mo sa dulo. Hehe
Title: Re: Is buying a house practical?
Post by: bauer on May 10, 2012, 12:25 PM
PS: kasi po nung sinabi ko sa gf ko na d muna kami bibili ng bahay, sumunod na linggo ay naging single ako...

Your a lucky guy to discover early the attitude of your ex-gf.  kasi kung hindi, idagdag mo pa sa bahay ang gastos ng annulment.
Title: Re: Is buying a house practical?
Post by: GoodSteward on May 10, 2012, 12:45 PM
IGX, ya, congratulations, I agree with boss bauer :)

Ewan ko lang ha, I just have this unexplainabale feeling after reading other threads na bagay kayo ni neat_chic :) I might be wrong, who knows :)

For me buying a house is practical if its extra money and you buy it in cash. And either youll be staying in it or someone will rent it at good rate and good tenure...hirap kasi maghanap ng tenants kapag nabakante...
Title: Re: Is buying a house practical?
Post by: mikoangelo on May 10, 2012, 12:55 PM
di kaya siya lalong mamulubi niyan...

hobby kasi ni neat_chic is travelling..and watching pingpong girls gone wild  :laugh:
Title: Re: Is buying a house practical?
Post by: alone on May 10, 2012, 02:25 PM
@IGX congrats po at nagkakilanlan kayo ng gf mo ng dahil sa bahay.. good for you.. :)
and nasa edad na po pala kayo eh di hanap na po kayo ng karapat dapat..
Title: Re: Is buying a house practical?
Post by: IGX on May 10, 2012, 04:40 PM
@Goodsteward - Hmmmm :)

@neat_chic - tumpak! yan nga po ang gusto ko sabihin, kasi nga po depende sya situation and sa situation ko right now that I'm single, buying a house is not practical, even if I buy a small one, I'd rather invest the money and buy a better one when I need it :)

                   sa insurance naman po, i don't get comprehensive insurance anymore, napansin ko po kasi, when I used to have one, yearly nagclaclaim ako, mahina na ung 2 claims a year :) nung wala, i never get into an accident.  (disclaimer, ako po ung binabangga) hehe

@alone - oo nga po, blessing narin :)
Title: Re: Is buying a house practical?
Post by: Bp22estafa on May 10, 2012, 05:52 PM
You should get a comprehensive insurance because you won't know when accident will hit you.

But I still can't believe your Gf left on the house issue. Where is the love? Hehehe

same w/ Sir GS, I got this feeling also you & neat chic would make a good couple. Too bad taken na si Nchick but I guess one meet-up over coffee wouldn't hurt right? Or get to know each other online for friendship sake Won't really take much of your time.

Btw @ neatchick, which developer ang may kaso so others can be warned.
Title: Re: Is buying a house practical?
Post by: neat_chic on May 10, 2012, 06:12 PM
delfin lee of globe asiatique. marami dinedevelop before - from low to medium scale and high end developments. Ang alam ko nagkakaso sya sa isa sa mga yon, but it does not matter which one. Mas maganda parin talagang bumili sa mga lumang subdivision (then renovate or buy lot and build new house) kesa sa mga nagsusultputang real estate developer.

Title: Re: Is buying a house practical?
Post by: freefront on May 11, 2012, 01:40 PM

"PS: kasi po nung sinabi ko sa gf ko na d muna kami bibili ng bahay, sumunod na linggo ay naging single ako..."

Good for you!
Title: Re: Is buying a house practical?
Post by: amanda.p on May 11, 2012, 02:39 PM
Hi Everyone,

I need advice.  I have been thinking over this problem for months now and until now I still do not know how to proceed.

I am single, in my early 30s, have a good source of income.

I am currently renting an apartment and own 2 cars and maybe 3 in the future.  I was doing the numbers for a long time now and based on the numbers buying a house may seem too costly than renting.

However, most of the people I know own one.

If you were single would you buy a house?  What are the benefits of owning one?

Appreciate the advice.
If you feel good about renting, yet want to own a house, then why not go for rent-to-own options. Benefits of owning one? Within the first few years, you may not feel it. But, in the long run, you will see that you've just made the right decision. Just be sure about the location of the property you will acquire. And, don't ever go for cheaper, flood way areas.
Title: Re: Is buying a house practical?
Post by: IGX on May 11, 2012, 04:04 PM
"PS: kasi po nung sinabi ko sa gf ko na d muna kami bibili ng bahay, sumunod na linggo ay naging single ako..."

Good for you!

i think so too :)

If you feel good about renting, yet want to own a house, then why not go for rent-to-own options. Benefits of owning one? Within the first few years, you may not feel it. But, in the long run, you will see that you've just made the right decision. Just be sure about the location of the property you will acquire. And, don't ever go for cheaper, flood way areas.

saan po advice nyo?

Title: Re: Is buying a house practical?
Post by: sneaker23 on May 23, 2012, 10:58 AM
Hi Everyone,

I need advice.  I have been thinking over this problem for months now and until now I still do not know how to proceed.

I am single, in my early 30s, have a good source of income.

I am currently renting an apartment and own 2 cars and maybe 3 in the future.  I was doing the numbers for a long time now and based on the numbers buying a house may seem too costly than renting.

However, most of the people I know own one.

If you were single would you buy a house?  What are the benefits of owning one?

Appreciate the advice.


My take.

We can learn from either our own experience and mistake or learn from others so you won't do same mistake and save time (the most impt.)

Is buying a house practical?

- you can wait years from now till you know the answer or learn from others, esp those who posted here.

it's wise to communicate with your personal friends who owns about the advantage and disadvantage of owning one, since you believe them, and they'll advise you by experience... though numerous replies here are good.

If you consider renting a savings think twice.
Numerous to mention disadvantage of renting, and not all fits to you.

Having your own home is both savings(free rental fees, atleast on mortage its fixed) and investment (appreciation)

One advantage I see esp when buying a house early in life is, how good does it feel when you bought one at age 25 and finish off a 10yr mortage at age 35? may bahay kana, you're free to spend what is alloted of it to anything you want.

take note, by 35, your salary is more than what you earn when your 25... sobra sobra ang pera mo to spend, waste, etc... impt you got a house you've finish off the mortgage.

how do you feel on a colleague after seeing him 30years from now and still renting?
how do you feel on a colleague with a nice house 30years from now and you're still renting?

early 30s? i suggest get one esp on a preselling... you'll save a lot.

having a house is like on a driver's seat. you have control.
renting is like being a passenger.
you know pretty well, the risk of having direct control than others having control over your property and life diba?

what if the house you're renting is for sale? to be demolish? impose higher rent a yr from now? etc. etc.
mas mapapa mahal kapa


well I assume you've learn a lot of advantage and disadvantages from others.

what's your next move?
trim down your liability (car) and start in house acquisition.

I can help you


Post Merge: 1337742102

My take.

We can learn from either our own experience and mistake or learn from others so you won't do same mistake and save time (the most impt.)

Is buying a house practical?

- you can wait years from now till you know the answer or learn from others, esp those who posted here.

it's wise to communicate with your personal friends who owns about the advantage and disadvantage of owning one, since you believe them, and they'll advise you by experience... though numerous replies here are good.

If you consider renting a savings think twice.
Numerous to mention disadvantage of renting, and not all fits to you.

Having your own home is both savings(free rental fees, atleast on mortage its fixed) and investment (appreciation)

One advantage I see esp when buying a house early in life is, how good does it feel when you bought one at age 25 and finish off a 10yr mortage at age 35? may bahay kana, you're free to spend what is alloted of it to anything you want.

take note, by 35, your salary is more than what you earn when your 25... sobra sobra ang pera mo to spend, waste, etc... impt you got a house you've finish off the mortgage.

how do you feel on a colleague after seeing him 30years from now and still renting?
how do you feel on a colleague with a nice house 30years from now and you're still renting?

early 30s? i suggest get one esp on a preselling... you'll save a lot.

having a house is like on a driver's seat. you have control.
renting is like being a passenger.
you know pretty well, the risk of having direct control than others having control over your property and life diba?

what if the house you're renting is for sale? to be demolish? impose higher rent a yr from now? etc. etc.
mas mapapa mahal kapa


well I assume you've learn a lot of advantage and disadvantages from others.

what's your next move?
trim down your liability (car) and start in house acquisition.

I can help you


Instead of making it 3 cars, make it 1 car and 2 condo for lease :-D
Title: Re: Is buying a house practical?
Post by: bauer on May 23, 2012, 11:09 AM
One advantage I see esp when buying a house early in life is, how good does it feel when you bought one at age 25 and finish off a 10yr mortage at age 35? may bahay kana, you're free to spend what is alloted of it to anything you want.
 

oo nga by 35 may bahay na siya, pero may investment ba siya for retirement?  Im sure malaking part ng salary niya will be spent paying for the mortgage.  paano rin kung may emergency needs? may mga kaibigan ako inuna ang bahay, ngayon late 30's na nagmamadali magpamilya pero waiting mode pa rin.

Post Merge: 1337743039
how do you feel on a colleague after seeing him 30years from now and still renting?
how do you feel on a colleague with a nice house 30years from now and you're still renting?

early 30s? i suggest get one esp on a preselling... you'll save a lot.

having a house is like on a driver's seat. you have control.
renting is like being a passenger.
you know pretty well, the risk of having direct control than others having control over your property and life diba?

what if the house you're renting is for sale? to be demolish? impose higher rent a yr from now? etc. etc.
mas mapapa mahal kapa
 

There is more to gain in leasing a house.  I do rent my place, until now, and I absolutely gained a lot of advantages more than owning the place.  For one, I have a considerable investment on properties that i acquired AFTER i diligently invested my savings. 

In my early working years, I save a lot, invest a lot to grow my savings exponentially, then, if there are bargain properties, I bought it without taking a loan, absolutely no loans.

Grow your money and make sure you do not lose your savings.  that's the secret to a comfortable life.

I do not have any problem if someone wanted to OWN a house as long as the mortgage is paid or the house is bought in cash.  Buying a house has one big disadvantage, less cash allocated for investment which means longer working years to supplement your retirement.
Title: Re: Is buying a house practical?
Post by: IGX on May 23, 2012, 11:24 AM
I'm already in my early 30s and 10 to 15 years to pay for a house is already not an option. 

Thinking about it, everyone has a point.  But who can guarantee that today, tomorrow or the next month or year I'd still be earning the same amount, or even be earning any money.

When I was 23 I wanted to buy my dream house, I was short by 200k to pay for 50% of the price of the house, no one in the family dared to lend me money :) So here I am 10 years after, not wanting a house cause I'm single and I have no use of it.

Maybe in the future when I do get married, if I find the girl who will be the one. 

PS: I have a neighbor who also rents, but he has a house in Cavite, he never stays there since '99, because its more practical to be here in Manila where his job is.   This is also one reason I have not bought a house, I'm eyeing a location where I can do business or is near my current and future work place.
Title: Re: Is buying a house practical?
Post by: sneaker23 on May 23, 2012, 11:24 AM
oo nga by 35 may bahay na siya, pero may investment ba siya for retirement?  Im sure malaking part ng salary niya will be spent paying for the mortgage.  paano rin kung may emergency needs? may mga kaibigan ako inuna ang bahay, ngayon late 30's na nagmamadali magpamilya pero waiting mode pa rin.

adjustments can be made naman.

he can choose to buy a house that will eat most of his earnings or he can choose on a modest house that he can still save up for retirement, emergency needs.

correct if im wrong but your friends never plan to fail and thought of the best which is unahin ang bahay but they fail to plan on the subject of Budgeting.

At this point in time, may mga economic housing ang Ayala that caters for those with salaries 20k-60k/mo.

Now if ndi talaga kaya sa buget nya ang magkaroon ng house, goal nya is to earn more para magkabudget.

Surprisingly, marami sa ating mga pinoys nabubudget yan, every month may mortgage, savings and emergency funds naka allot ang sahod despite earning not that much.

I think the level lifestyle prevents us from budgeting.




Post Merge: 1337744100
I'm already in my early 30s and 10 to 15 years to pay for a house is already not an option. 

Thinking about it, everyone has a point.  But who can guarantee that today, tomorrow or the next month or year I'd still be earning the same amount, or even be earning any money.

When I was 23 I wanted to buy my dream house, I was short by 200k to pay for 50% of the price of the house, no one in the family dared to lend me money :) So here I am 10 years after, not wanting a house cause I'm single and I have no use of it.

Maybe in the future when I do get married, if I find the girl who will be the one. 

PS: I have a neighbor who also rents, but he has a house in Cavite, he never stays there since '99, because its more practical to be here in Manila where his job is.   This is also one reason I have not bought a house, I'm eyeing a location where I can do business or is near my current and future work place.


I agree with you, no guarantees about tomorrow. The reason why a lot of us is into investing.

Ok, I can see a house doesn't fit you at this time.

A parcel of land, may fit you.

1. You don't need to worry of paying but can't stay
2. Much cheaper than a house
3. Appreciates


Not all lots are easy to sell.
I know of one brand where demand is high... will always be.
Making the appreciation better and if you wish to sell, there are buyers.



Post Merge: 1337744548

... if there are bargain properties, I bought it without taking a loan, absolutely no loans.


I agree... I had a hard time selling a client's unit because of the loan factored in vs other similar units bought in cash and can be sold at market value. We simply can't sell her unit at market value because of overhead expenses.

We simply decide to have it for lease muna since we know time is a great equalizer later on.

Her mortgage for 15yrs is 10k/mo and we are leasing it for 25k/mo. I advise her she gains more in leasing it than selling for now.
Title: Re: Is buying a house practical?
Post by: bloomerman on May 23, 2012, 01:09 PM
May I ask the author of this topic. What is more practical, to buy own house or to rent forever? Any one can comment on this...
Title: Re: Is buying a house practical?
Post by: IGX on May 23, 2012, 02:28 PM
Hi bloomerman,

I my case, renting is cheaper.  I don't have to worry about maintenance costs.  Security, etc.

I pay a good amount, no increase for 10 years now, and I'm sure it won't increase for the next 20 more years.

If I don't get married soon, I won't leave this place as I have no need for a house.

I pay 10k for rent, 2 parking slots, place is secure, very near to a lot of places.  I plan to buy a house that is also in the same area, most houses here costs 7M to 20M.

If I live for 30 more years, that's spending 3.6M, if I buy a house now and live for 30 more years, its a minimum of 7M :) Equals to 19K per month.  Don't forget the maintenance costs :) Appliances, etc
Title: Re: Is buying a house practical?
Post by: bloomerman on May 23, 2012, 03:15 PM
Hi bloomerman,

I my case, renting is cheaper.  I don't have to worry about maintenance costs.  Security, etc.

I pay a good amount, no increase for 10 years now, and I'm sure it won't increase for the next 20 more years.

If I don't get married soon, I won't leave this place as I have no need for a house.

I pay 10k for rent, 2 parking slots, place is secure, very near to a lot of places.  I plan to buy a house that is also in the same area, most houses here costs 7M to 20M.

If I live for 30 more years, that's spending 3.6M, if I buy a house now and live for 30 more years, its a minimum of 7M :) Equals to 19K per month.  Don't forget the maintenance costs :) Appliances, etc

Well, your case is isolated... it does not apply to majority.
Title: Re: Is buying a house practical?
Post by: ferrariEverest on May 23, 2012, 03:33 PM
Well, your case is isolated... it does not apply to majority.
what is your point? it is more sensible for most to buy a house than to rent?
Title: Re: Is buying a house practical?
Post by: bloomerman on May 23, 2012, 04:03 PM
what is your point? it is more sensible for most to buy a house than to rent?

For me, YES. it is better to own a house than to rent forever. Imagine you will pay rent expenses without getting in return rather than buy or own one so in return you can convert it again in cash when you needed it the most. What's your point?
Title: Re: Is buying a house practical?
Post by: vhinsent08 on May 23, 2012, 04:10 PM
For me, YES. it is better to own a house than to rent forever. Imagine you will pay rent expenses without getting in return rather than buy or own one so in return you can convert it again in cash when you needed it the most. What's your point?
OO naman!! di naman kailangang mahal basta sayo... Sa ngayun me work ka pa after di mo na kaya san ka titira??? 
Title: Re: Is buying a house practical?
Post by: bloomerman on May 23, 2012, 04:16 PM
OO naman!! di naman kailangang mahal basta sayo... Sa ngayun me work ka pa after di mo na kaya san ka titira??? 

You got my point vhinsent08, buying own house should not be expensive at all. The bottomline is "YOU OWN IT".
Title: Re: Is buying a house practical?
Post by: bauer on May 23, 2012, 04:24 PM
vhinsent08,

kung retired ka na from work, ibig ba sabihin wala ka na rin pera pambayad sa rent?  kaya it's better to own a house?  

hindi naman siguro tama na wala kang savings after you retire. Kasi hindi lang naman renta ang gastos mo.  even naman may bahay ka, may gastos ka pa rin tulad ng fire insurance, realty tax, home repairs (lalo na kung old house), etc. na hindi mo gagastusin kung nag rent ka lang.  

may mga kakilala ako after retirement, kailangan nila ibenta at lumipat ng bahay na pagmay ari nila dahil sa laki ng gastos sa maintenance expense lalo na kung konti na lang ang nakatira at may pamilya na ang kanilang mga anak.  hindi lahat ng binentang bahay ay kumita ang homeowner.

Title: Re: Is buying a house practical?
Post by: bloomerman on May 23, 2012, 04:27 PM
vhinsent08,

kung retired ka na from work, ibig ba sabihin wala ka na rin pera pambayad sa rent?  kaya it's better to own a house? 

hindi naman siguro tama na wala kang savings after you retire. Kasi hindi lang naman renta ang gastos mo.  even naman may bahay ka, may gastos ka pa rin tulad ng fire insurance, realty tax, home repairs (lalo na kung old house), etc. na hindi mo gagastusin kung nag rent ka lang. 

may mga kakilala ako after retirement, kailangan nila ibenta at lumipat ng bahay na pagmay ari nila dahil sa laki ng gastos sa maintenance expense lalo na kung konti na lang ang nakatira at may pamilya na ang kanilang mga anak.  hindi lahat ng binentang bahay ay kumita ang homeowner.



you are making the topic complicated, what we are saying here is own or rent, that's it. Retirement is another topic to talk about. But I appreciate your bright opinion. How old are you if you don't mind?
Title: Re: Is buying a house practical?
Post by: ferrariEverest on May 23, 2012, 04:37 PM
For me, YES. it is better to own a house than to rent forever. Imagine you will pay rent expenses without getting in return rather than buy or own one so in return you can convert it again in cash when you needed it the most
do you not have expenses as well when u buy a house?
& what makes u certain that u can sell your house any time u need to?

Post Merge: 1337762434
you are making the topic complicated...
complicated or realistic?
a thing is only complicated when it is beyond one's comprehension and foresight.
Title: Re: Is buying a house practical?
Post by: bauer on May 23, 2012, 04:41 PM
 Sa ngayun me work ka pa after di mo na kaya san ka titira???  

Bloomerman,

ito po ang comment ni vhinsent08.  I just assumed na he/she meant during "retirement age", what will happen if you don't own your house.

btw, Im still too young to retire but too old to take a 20-25 year mortgage on houses.  My investments today are geared towards a rewarding and comfortable "retirement" life.
Title: Re: Is buying a house practical?
Post by: vhinsent08 on May 23, 2012, 05:13 PM
Bata pa din ata ako!!! (single!!  :hihi: :hihi: :hihi: --  NAG PROPROMOTE!!!!)

plan ahead of time!! kahit di ka pa retiring age!!

25 years  mortage??? alam ko nga meron nito... Yung sa parent ko kinuha ko lang ng  7 years  this will be my last year.. So I can say ok naman... di naman masyado mabigat!!! Kung inirenta namin yan san napunta yung renta sa bulsa nung land lady...Atleast  next year or so I can focus my resources sa investment at sa bahay ko naman...  Kung gagasto kadin naman sa renta bakit dika gumastos para maging sayo (Ok lang kung RENT to oWN yun)

Ika ng ni Colayco - Live within your means!! Build a house na pasok sa budget.. wag pagawa ng mansion...


Granted me savings ka after you retire hanggang kelan aabutin nun sa renta... In your retirement, the rent is not the only expense that you will have.. yung sa mo health, pangregalo sa mga apo, pang jolibee heheh!!!..  Ok lang sana kung ititra ka ng anak mo kasama , e kung ayaw ka ng manugang mo???   :hihi: :hihi: :hihi:




Title: Re: Is buying a house practical?
Post by: neat_chic on May 23, 2012, 05:17 PM
Ok lang sana kung ititra ka ng anak mo kasama , e kung ayaw ka ng manugang mo???   :hihi: :hihi: :hihi:






@ vhinsent08: u're funny  :hihi: bata ka pa nga siguro pero sana wag mo gawin goal makitira sa manugang mo pag tanda mo ha?  :harhar: although, kung pumayag sya... edi :thankyou:
Title: Re: Is buying a house practical?
Post by: vhinsent08 on May 23, 2012, 05:22 PM
u're funny  :hihi: bata ka pa nga, sana wag mo gawin goal makitira sa manugang mo pag tanda mo ha?  :harhar: although, kung pumayag sa... edi :thankyou:

hahha!!


me nabasa ako sa isang thread dito SOMETHINg like this!!

"
Di kasalan ng Biyenan mo na wala silang bahay!!!
Kasalanan MO kung yung Biyenan mo e walang Bahay!! "

Title: Re: Is buying a house practical?
Post by: bloomerman on May 23, 2012, 05:22 PM
What if you don't own a house and continue renting, when your retirement comes what will happen? Can you bring back the money paid for rent? Looking for money for maintainance for your own house in the future is more manageable than looking for house to live after retirement.
Title: Re: Is buying a house practical?
Post by: neat_chic on May 23, 2012, 05:31 PM
hahha!!


me nabasa ako sa isang thread dito SOMETHINg like this!!

"
Di kasalan ng Biyenan mo na wala silang bahay!!!
Kasalanan MO kung yung Biyenan mo e walang Bahay!! "



Sama naman kung ayaw mo patirahin byenan mo sa bahay diba? Dapat treat byenan as if they are ur own parents.. Anyway off-topic na ko.

I think si IGX naman ay nakapag decide na naman not to buy a house and if meron na sya means to buy a it - he will get a better one instead of buying now and pay it on installment basis that would leave a little less for his savings. I think that is a wise move. Ibig sabihin he's anticipitang that what he is investing now could give good returns enough to buy him the house he really wanted. Let's be happy at that :)
Title: Re: Is buying a house practical?
Post by: bloomerman on May 23, 2012, 05:36 PM
Sama naman kung ayaw mo patirahin byenan mo sa bahay diba? Dapat treat byenan as if they are ur own parents.. Anyway off-topic na ko.

I think si IGX naman ay nakapag decide na naman not to buy a house and if meron na sya means to buy a it - he will get a better one instead of buying now and pay it on installment basis that would leave a little less for his savings. I think that is a wise move. Ibig sabihin he's anticipitang that what he is investing now could give good returns enough to buy him the house he really wanted. Let's be happy at that :)

You don't know what will the future brings. What if you were not able to save after your retirement, what will happen?
Title: Re: Is buying a house practical?
Post by: IGX on May 23, 2012, 05:43 PM
Very well said po neat_chic :)

Simple lang, money well spent, if I buy now and let say I can afford 75% of the Total Contract Value of the house, I'd still be paying interest for 25% :)

@Bloomerman - Salesman ka po?

If 10M ang house, magbabayad ako ng 11.5% (assumingly) per annum sa 2.5M housing loan ko.

Why not invest my 7.5M first, wait for it to earn the 2.5M then buy in cash.  

Yung context po kasi ng topic ay tungkol sa isang SINGLE (promoting din!) guy, living alone, and tama po sila, at this stage, hindi pa kailangan :) Maybe in the future :)

Mas malaking risk po kasi ung bibili na nakaloan ng 15 - 25 years, then hindi naman natin controlado kung may income pa tayo within those 15-25 years :)
Title: Re: Is buying a house practical?
Post by: neat_chic on May 23, 2012, 05:44 PM
psst bloomerman, keep your  :cool2:.. actually wala naman talagang certainties. meron pala - death. that is something certain  :hihi: anyway, as u said u don't know what the future brings diba? So what if nasunog bahay mo and since yung money mo is just enough for the house at wala kang insurance? Edi wala din. Actually in IGX's case, he is investing to prepare for his future. It is not like he is wasting his money so that at time he retires, he wouldn't know where to live... Yun ang opinion ko based sa thread na to. :) If you think differently, of course you can always do that. We are people of differing opinions  :watchuthink:


Post Merge: 1337766480
ay IGX, andyan kana pala uli :) anyway, baka salesman/agent nga si bloomerman,  mabuti pa, hingi ka nalang ng discount for future use  :D
Title: Re: Is buying a house practical?
Post by: IGX on May 23, 2012, 05:53 PM

Post Merge: 1337766480
ay IGX, andyan kana pala uli :) anyway, baka salesman/agent nga si bloomerman,  mabuti pa, hingi ka nalang ng discount for future use  :D

hehehe hello neat_chic, pasulpot sulpot minsan :)
Title: Re: Is buying a house practical?
Post by: bloomerman on May 23, 2012, 05:54 PM
well sorry, i was not able to read all the message and the thread. I agree we have different perception in life and ofcourse we have different lifestyle. Ndi po ako salesman/agent.
Title: Re: Is buying a house practical?
Post by: neat_chic on May 23, 2012, 05:59 PM
hello din igx  :hello: ako rin, tambay muna while doing reports, kaka-bored minsan magtrabaho ng walang kausap  :hihi:

bloomerman, that's ok :D  each of us naman talaga may think differently :)
Title: Re: Is buying a house practical?
Post by: IGX on May 23, 2012, 06:17 PM
hehe tama ka dyan :)

hanap tayo ng investment opportunity while working ;)
Title: Re: Is buying a house practical?
Post by: neat_chic on May 23, 2012, 06:23 PM
sige sige :) ano naiisip mo, interested ako dati sa franchise ng ChicBoy, kumain kami once nung umuwi ako Pinas (di ko sure kung alam mo yon - pero popular naman na ata sya dyan). too bad meron na  recently sa lugar namin.. may naiisip ka ba any good business or investment opportunity?
Title: Re: Is buying a house practical?
Post by: bloomerman on May 23, 2012, 06:33 PM
la ba ibang investment na mas maliit ng konti compare sa chicboY?
Title: Re: Is buying a house practical?
Post by: neat_chic on May 23, 2012, 06:36 PM
actually yung chicboy parang nasa 6m, pero syempre di lang naman ako mag-isa mag-iinvest :) For sure marami pa aside dyan yun lang nagustuhan kasi namin sya kaya naisipan namin magtanong tanong  :)
Title: Re: Is buying a house practical?
Post by: bloomerman on May 23, 2012, 06:47 PM
actually yung chicboy parang nasa 6m, pero syempre di lang naman ako mag-isa mag-iinvest :) For sure marami pa aside dyan yun lang nagustuhan kasi namin sya kaya naisipan namin magtanong tanong  :)

You have your point, since Chicboy papasikat na siya sa market...
Title: Re: Is buying a house practical?
Post by: kaanib_ako on Jun 12, 2012, 01:58 AM
Hi Everyone,

I need advice.  I have been thinking over this problem for months now and until now I still do not know how to proceed.

I am single, in my early 30s, have a good source of income.

I am currently renting an apartment and own 2 cars and maybe 3 in the future.  I was doing the numbers for a long time now and based on the numbers buying a house may seem too costly than renting.

However, most of the people I know own one.

If you were single would you buy a house?  What are the benefits of owning one?

Appreciate the advice.

why not buy some asset generating income (stocks, mutual fund, real state etc., )? IMO since your single, its the best time to invest, ala pa mortgage or long term debt  . Mawalan ka man ng work or magreteird ka , you have something to count on and  your family as well in the future. Ika nga its better to have assets that generate income rather than a house that generate mortgage. Hehehe Let your asset grow and then when it's strong enough to pay the mortgage and utilities, then buy your dream house :yoohoo:.
Title: Re: Is buying a house practical?
Post by: kithe on Jun 12, 2012, 12:10 PM
It's easy to buy a house if you have the money.. other's buy for the sake of investment daw..

Pero kung di mo pa talaga nakikita na need mo, wag muna.
 
Title: Re: Is buying a house practical?
Post by: bloomerman on Jun 12, 2012, 01:37 PM
It's easy to buy a house if you have the money.. other's buy for the sake of investment daw..

Pero kung di mo pa talaga nakikita na need mo, wag muna.
 

Actually buying house; the earlier the better...
Title: Re: Is buying a house practical?
Post by: stockbreaker on Jun 12, 2012, 02:07 PM
Actually buying house; the earlier the better...

It depends.
Don't push through if you're going to buy the house/condo through loan/bank financing.You may pursue IF AND ONLY, you can pay at least 50% of the total cost and the rest through loan or bank financing.

In short said if you have the capacity to buy it in CASH then go for it.

But if you're a businessman and wishes to buy a property. It is much better to pay it in installment.

The thing here is that if you have the capacity, buy a property from a well trusted developer during preselling. Don't buy if you don't have the enough resources to cover up the monthly amortization.

Huwag akapin ang punong di mo kayang akapin  :hihi:
Title: Re: Is buying a house practical?
Post by: kithe on Jun 12, 2012, 02:19 PM
allot money for buying a lot first, then for your own design of dream house, if any. :)

Consider also the location.. if its good to you.
Title: Re: Is buying a house practical?
Post by: stockbreaker on Jun 12, 2012, 02:35 PM
allot money to buy house and lot




Agree with you kithe :) :rakenrol:
Title: Re: Is buying a house practical?
Post by: bloomerman on Jun 12, 2012, 03:22 PM
It depends.
Don't push through if you're going to buy the house/condo through loan/bank financing.You may pursue IF AND ONLY, you can pay at least 50% of the total cost and the rest through loan or bank financing.

In short said if you have the capacity to buy it in CASH then go for it.

But if you're a businessman and wishes to buy a property. It is much better to pay it in installment.

The thing here is that if you have the capacity, buy a property from a well trusted developer during preselling. Don't buy if you don't have the enough resources to cover up the monthly amortization.

Huwag akapin ang punong di mo kayang akapin  :hihi:

I like your way of "Reasoning".....
Title: Re: Is buying a house practical?
Post by: gary.elipelee on Jul 03, 2012, 12:19 PM
hehe tama ka dyan :)

hanap tayo ng investment opportunity while working ;)

Hi sir IGX if your looking for a investment. cguro i suggest real estate if you invest on real estate it won't consume alot of time you will just rent it out and its also passive income in every month you will receive a monthly payment. also in real estate it has the highest rate of return of investment lalo na po if under pre selling ung na bili nyo since every year nag aappreciate ang value ng real estate.

sir im proposing to you a good investment plan since we are now offering terms with a No downpayment 0% interest for 4 yrs. for more information kindly contact me at 09273722697 or email me at gary.elipelee@yahoo.com

Title: Re: Is buying a house practical?
Post by: edspecks2004 on Jul 19, 2012, 09:46 AM
Napabalita yung issue jan sa GA Tower sa Boni.
Scary because we just bought our unit sa QC.
Can someone elaborate doon sa issue sa GA Tower and how to avoid to be a victim of such scam?
Title: Re: Is buying a house practical?
Post by: jcptc on Jul 20, 2012, 10:57 AM
bro, kung ako ikaw, bili muna ako ng lots as investment. Sure ang profit dito kasi land appreciates its value over time. Hwag ka munang magpatayo ng house, you can do it later on pag nakapag-asawa ka na. Grab the opportunity to buy today coz later baka magsisi ka, dahil nagmahal na yung presyo.

Tama yung previous comments; don't invest in cars coz it depreciate in value over time. Dapat isa lang ang gamit mo, kasi ang car pag ibinenta mo mas mababa na ang presyo di tulad ng land.

If you have excess money, invest it in real estate, stocks, bonds or any money market where your funds will profit....Hope this will help also!
Title: Re: Is buying a house practical?
Post by: ferrariEverest on Jul 20, 2012, 12:15 PM
bro, kung ako ikaw, bili muna ako ng lots as investment. Sure ang profit dito kasi land appreciates its value over time.
don't give the impression na easy money pag bumili ng lote.
hindi po yun ganun kasimple.

kung d marunong pumili yung bibili ng magandang lote/magandang lokasyon, masasayang lang ang bili. baka pag kinalaunan, ibenta pa ng palugi yung nabiling lupa.

karamihan pa naman sa pinoy padalos dalos, hindi pinag-aaralan mabuti yung kilos/decision.
Title: Re: Is buying a house practical?
Post by: bauer on Jul 20, 2012, 04:33 PM
kung d marunong pumili yung bibili ng magandang lote/magandang lokasyon, masasayang lang ang bili. baka pag kinalaunan, ibenta pa ng palugi yung nabiling lupa.
 

Very good point.  In my case, It has taken me 2 years before I selected a good lot and inspected more than 20 properties via air travel pa yun everytime my time allows it.

i remember the advise of a well known real estate investor in the US, before he chooses a lot, he will make at least 50 property selections.
Title: Re: Is buying a house practical?
Post by: OMG.27 on Jul 20, 2012, 05:15 PM
praktical kung titirhan mo... :rakenrol: :cool2:.. mas lalong praktical kung pag kakakitaan mo...hehehehe :applause: :applause:
Title: Re: Is buying a house practical?
Post by: ferrariEverest on Jul 20, 2012, 06:07 PM
Very good point.  In my case, It has taken me 2 years before I selected a good lot and inspected more than 20 properties via air travel pa yun everytime my time allows it.
aerial inspection ba yan? hehe
ayos yan, sarap naman, laging may site visit :cool2: para walang lusot  yung seller, metikuloso si agent B eh :D
Title: Re: Is buying a house practical?
Post by: bauer on Jul 21, 2012, 07:33 PM
@FE, im not rich tulad ng tycoons natin to do aerial inspection.

travel lang by air para makarating sa lugar (small plot).  yun lang afford ko eh, pang probinsya. ang mahal dito sa metro manila.
Title: Re: Is buying a house practical?
Post by: rds on Jul 21, 2012, 11:54 PM
Very good point.  In my case, It has taken me 2 years before I selected a good lot and inspected more than 20 properties via air travel pa yun everytime my time allows it.

inspected more than 20 properties and via air travel...its quite a big sum of money spent for inspection alone.

so i don't think it's jus a "small lot". and kahit probinsya pa yan kung nasa baguio kaya, o sa boracay, o sa tourist spot in palawan. in that case sulit yung money spent sa inspection via air travel.
Title: Re: Is buying a house practical?
Post by: IGX on Jul 23, 2012, 08:28 AM
Mga sir good to know this thread is still alive and the advice keeps on coming.

Napapaisip ako lately to really buy a house or a lot then build a house, baka kailangan talaga para makapagasawa na ako :) I'm not getting any younger.

For those na nakapagpatayo na, magkano po kaya patambak at pabakod ng 200sqm na lot?

Thanks po ulit :)
Title: Re: Is buying a house practical?
Post by: vbignacio on Jul 23, 2012, 09:31 AM
maraming low cost dati na mataas na value ngayon dahil nadevelop na ang area. dito sa kinaroroonan ko sa bacoor, yung dating 300k na rowhouse unit, doble na bentahan after ten years lalo na nang pumasok ang maynilad.
Title: Re: Is buying a house practical?
Post by: ♥Mementomori♥ on Jul 23, 2012, 10:44 AM
I definitely will buy a house. If you are renting like for how many years na, come to think of it na yung years na binayaran mo sa pag re-rent ng bahay eh siguro pwede mo nang ipang down sa bibilhin mong bahay in any means of financing (Bank, Pag-Ibig or Inhouse).

Mas maganda may sariling bahay kasi hindi limited ang galaw mo. You can do what you want without thinking na baka magalit yung owner ng nirerentahan mo if ever na may baguhin ka sa bahay :)
Title: Re: Is buying a house practical?
Post by: richpulubi on Jul 23, 2012, 10:53 AM
I remember this article about a chinese fellow renting a house in Corinthian Gardens for 80K a month, but has 50M in investments.  When asked why doesn't he just buy the house, he said, eh di wala na yung 50M in invetments ko!
Title: Re: Is buying a house practical?
Post by: IGX on Jul 23, 2012, 11:36 AM
I remember this article about a chinese fellow renting a house in Corinthian Gardens for 80K a month, but has 50M in investments.  When asked why doesn't he just buy the house, he said, eh di wala na yung 50M in invetments ko!

Hahaha ganito rin ako magisip, pero small time lang po :) tsaka parang ang hirap tumira sa isang bahay na ikaw lang magisa, tiga luto, tiga hugas ng pinggan, tiga plantsa, tiga walis, tiga wax, lahat na ng tiga.  :)
Title: Re: Is buying a house practical?
Post by: richpulubi on Jul 23, 2012, 11:44 AM
Tama.  Don't buy a house as an investment.  Buy one cuz you have to live in it.
Title: Re: Is buying a house practical?
Post by: vbignacio on Jul 24, 2012, 07:07 AM
Tama.  Don't buy a house as an investment.  Buy one cuz you have to live in it.

seriously sir? akala ko magandang investment ang real estate kesa nasa banko lang ang pera kasi mabilis tumaas ang value?
Title: Re: Is buying a house practical?
Post by: kithe on Jul 24, 2012, 08:26 AM
Gusto ko naman magka bahay sa Q.C., ipon muna ng pambili.. Work, work, work... :)
Title: Re: Is buying a house practical?
Post by: zimahtar on Jul 24, 2012, 09:57 AM
Hi, share ko lang ang opinion and some experience ko (err... mistakes) baka makatulong sa descision making ninyo.
- buying a house in my opinion is not an investment unless you are going to rent it out or use it for business.
- renting a house would give a ROI of 6 to 8 years, depends on the rental fee (of course location)....sa akin, it takes 8 years to get my investment back...(e, I mean my parents, kasi sila ang nagmanage :-)  )
- If you plan to purchase a lot only, I suggest to purchase either a commercial lot or a farm lot. Buying a lot from a subdivision will cost you more because of the developer, besides, hindi madaling magbenta ng lot on your own kapag na realize mo na ayaw mong magpatayo ng bahay doon. Kahit na mag appreciate ang subdivision lot, hindi pa rin madaling i-dispose even with agents...kasi maraming house and lot with a lower cost. Commercial lot appreciate faster, and many people are willing to pay a price to set-up a business.
- Buying a condominium unit never crossed my mind. too cramp. Besides, ayokong magbayad ng maintenance fee.... and try to experience an earthquake at 16th floor (nasa taiwan ako noon, when earthquake hit in 1999).
- remember, a piece of land (lot), or a house and lot is a fixed assest. (tulog ang pera [hindi liquid], you will only gain from the investment kung nabenta ang properties, eh paano kung hindi mabenta). To gain from fixed asset investment, kailangan gamitin mo sa business or paupahan mo ito, like commercial space which will give you a good long term returns.

Before doing anything, know your purpose or objectives...ano ang gagawin ko sa lot or bahay?

I hope this helps...
cheers
Title: Re: Is buying a house practical?
Post by: IGX on Jul 24, 2012, 02:42 PM
seriously sir? akala ko magandang investment ang real estate kesa nasa banko lang ang pera kasi mabilis tumaas ang value?

tingin ko ang point ni richpulubi is mabilis nga tumaas value  ng lupa, pero if you look at the ads, napakaraming for sale, ilan ang nabebenta? kasi hindi na ganun kalakas purchasing power ng peso, hindi lahat kaya bumili, kaya tulog ang pera :)

Gusto ko naman magka bahay sa Q.C., ipon muna ng pambili.. Work, work, work... :)

san po unang property nyo? congrats on planning to buy another one :)
Title: Re: Is buying a house practical?
Post by: kithe on Jul 24, 2012, 02:57 PM
^sa Bulacan, gusto ko naman sa QC area, para malapit sa work place ko.. Although isang sakay lang naman, papunta sa Bulacan, travel time kasi is 1hour mahigit din.. :)

Title: Re: Is buying a house practical?
Post by: richpulubi on Jul 24, 2012, 03:15 PM
seriously sir? akala ko magandang investment ang real estate kesa nasa banko lang ang pera kasi mabilis tumaas ang value?

The past three years have been very good for real estate for SOME areas only.  And you can thank Ondoy for that!  The areas that flooded will have much much lower valuations, and the areas that did not flood would have appreciated a lot!

Also, Ondoy helped the value of condos, since they are supposed to be 'baha-proof'.

But many say real estate has already peaked, and so we don't know kung tataas pa ang value.

As to staying liquid, you don't necessarily keep it in the bank.  Pwede niyong paikutin sa negosyo, and that's the best!
Title: Re: Is buying a house practical?
Post by: royalBLight on Jul 24, 2012, 03:24 PM
^yun nga lang problema ko, I have the cash pero until now di ko pa rin maisip kung ano gusto kong gawing negosyo. Actually yung pera ko inilalaan ko talaga sa bibilhin kong bahay. Yun talaga kasi pangarap ko. Kaso di pa rin sapat para makabili ako ng bahay in cash.
Title: Re: Is buying a house practical?
Post by: richpulubi on Jul 24, 2012, 03:38 PM
If you want to buy a house to live in, it's a good time to buy cuz mababa ang interest rates ngayon para sa loan!  Kung pwede mong i-lock in ang rate, so much the better!  Baka kasi next year, tumaas na ang interest rates!
Title: Re: Is buying a house practical?
Post by: royalBLight on Jul 24, 2012, 03:44 PM
^single pa naman ako at nakatira sa bahay ng magulang ko. Breadwinner pa. Dodoble gastos ko pag may sarili na ko bahay at bumukod ako since di ko rin naman pde ihinto ang suporta sa kanila. Kaya wag na lang muna.

Tsaka nagchecheck ako ng mga presyo ng bahay both from developers at yung mga binebenta online. Ang mamahal! Ayoko pa naman ng matagalang loan. Umiiwas talaga ko sa utang.
Title: Re: Is buying a house practical?
Post by: pmtmember on Jul 24, 2012, 03:44 PM
^yun nga lang problema ko, I have the cash pero until now di ko pa rin maisip kung ano gusto kong gawing negosyo. Actually yung pera ko inilalaan ko talaga sa bibilhin kong bahay. Yun talaga kasi pangarap ko. Kaso di pa rin sapat para makabili ako ng bahay in cash.

kung ako tatanungin, I will not buy my house and lot in cash. Kung meron akong pang cash, i-negosyo ko nlang yon makakatulong pa ang income sa monthly dues mo. Preserve mo pa capital. IMO
Title: Re: Is buying a house practical?
Post by: royalBLight on Jul 24, 2012, 03:47 PM
^oo nga eh, yun talaga dapat kaso ala pa ko maisip na magandang negosyo. sayang nga ang panahon, di na rin ako bumabata.
Title: Re: Is buying a house practical?
Post by: pmtmember on Jul 24, 2012, 04:05 PM
^oo nga eh, yun talaga dapat kaso ala pa ko maisip na magandang negosyo. sayang nga ang panahon, di na rin ako bumabata.

well, hindi naman para sa lahat ang negosyo. Baka rin hindi para sa iyo yan so wag mo nlang pilitin muna. Enjoy life :) Wag mo lang ilagay sa isang bank ha LOL
Title: Re: Is buying a house practical?
Post by: royalBLight on Jul 24, 2012, 04:09 PM
^naku, nasa bank, ala mapaglagyan eh.
Title: Re: Is buying a house practical?
Post by: Bp22estafa on Jul 24, 2012, 05:01 PM
i was wondering if you have factored in inflation to compute the actual appreciation value of a property? minsan kasi kala natin tumaas yung lupa ignoring the fact that inflation is the reason behind the actual increase in the price.

for example a 275K row house in 1999 would have the following value adjustment based on inflation alone

1999      275,000.00   6.80%      293,700.00
2000      293,700.00   5.00%      308,385.00
2001      308,385.00   6.00%      326,888.10
2002      326,888.10   3.10%      337,021.63
2003      337,021.63   3.10%      347,469.30
2004      347,469.30   5.50%      366,580.11
2005      366,580.11   7.60%      394,440.20
2006      394,440.20   6.20%      418,895.49
2007      418,895.49   2.80%      430,624.57
2008      430,624.57   9.30%      470,672.65
2009      470,672.65   3.20%      485,734.18
2010      485,734.18   3.80%      504,192.08
2011      504,192.08   4.80%      528,393.30

so doubling your investment doesn't necessarily meant you've profited. but by tripling it sure kikita kana sa lupa palang plus the rental income the property can generate.

downside ng property hindi ganun kadali iliquidate. diversification of investments is the key para hindi lahat ng pera mo tulog & you'll always liquid when good opportunities for other investment becomes available.

maraming low cost dati na mataas na value ngayon dahil nadevelop na ang area. dito sa kinaroroonan ko sa bacoor, yung dating 300k na rowhouse unit, doble na bentahan after ten years lalo na nang pumasok ang maynilad.
Title: Re: Is buying a house practical?
Post by: vbignacio on Jul 25, 2012, 08:57 AM
naku salamat sa mga mentors na willing mag-share ng kaalaman sa iba. pagpalain nawa kayo!
Title: Re: Is buying a house practical?
Post by: bauer on Jul 25, 2012, 05:58 PM
I remember this article about a chinese fellow renting a house in Corinthian Gardens for 80K a month, but has 50M in investments.  When asked why doesn't he just buy the house, he said, eh di wala na yung 50M in invetments ko!

hahaha. i definitely agree as well.
Title: Re: Is buying a house practical?
Post by: ferrariEverest on Jul 25, 2012, 06:09 PM
ganda ng ibang posts lately :cool2:
salamat po!
Title: Re: Is buying a house practical?
Post by: wiggy on Jul 25, 2012, 06:20 PM
- Buying a condominium unit never crossed my mind. too cramp. Besides, ayokong magbayad ng maintenance fee.... and try to experience an earthquake at 16th floor (nasa taiwan ako noon, when earthquake hit in 1999).

In relation to the post above, what are the common condo terms for natural calamities? Like earthquake or fire?

I believe most condo units have a 50 yrs contract right? That after that time, developers can demolish the condo units (standard lifetime of buildings), and build a new one. They'll either pay you or reserve you a condo slot sa gagawing condo unit?
Title: Re: Is buying a house practical?
Post by: bauer on Jul 25, 2012, 06:21 PM
For those na nakapagpatayo na, magkano po kaya patambak at pabakod ng 200sqm na lot?
 

200m2 x 500mm height ng tambak = 100 cu.m. plus soil compaction

per cu.m. cost of backfill with compaction about 600 to 800 pesos
Title: Re: Is buying a house practical?
Post by: IGX on Jul 25, 2012, 07:25 PM
salamat bauer, at least I have an idea.  baka mas mura magpatayo ng bahay kesa bumili ng gawa na.

say 5M RFO vs build your own uisng a 200sqm lot?
Title: Re: Is buying a house practical?
Post by: ferrariEverest on Jul 25, 2012, 08:01 PM
"5M RFO vs build your own using a 200sqm lot?"
yan ang condition, tapos same house specifications, same month/year at same area/location ipagagawa yung bahay?

konti lang alam ko jan pero for sure madami kasing factors na dapat iconsider.

200m2 x 500mm height ng tambak = 100 cu.m. plus soil compaction
per cu.m. cost of backfill with compaction about 600 to 800 pesos
standard ba yang 500mm na tambak?
P600-P800 ngayon... naalala mo pa magkano yan mga 5-15 yrs ago (kung malaki pinagbago)?
salamat Sir
Title: Re: Is buying a house practical?
Post by: IGX on Jul 25, 2012, 09:30 PM
Mukhang maganda magkachecklist na po tayo dito sa boards about prices and things to check/consider when building a house?

Baka d ko lang masearch nagerror search function on my end
Title: Re: Is buying a house practical?
Post by: murangbahaysacavite on Jul 26, 2012, 10:37 AM
for me buy a house po...one of my client po taga quezon province, seaman po sya that time, nabili lng daw nya ang property nya ng nagwowork pa sya @ only 300k 690sqm lot with small house, by that time ang cavite area po is bago palang dinedevelop then ung location na nabili nya tabi lang ng highway, nabenta nya ng 3.5m.last year lng...diba...may earning kung mas maaga kang bumili..
Title: Re: Is buying a house practical?
Post by: bauer on Jul 26, 2012, 12:51 PM
standard ba yang 500mm na tambak?
P600-P800 ngayon... naalala mo pa magkano yan mga 5-15 yrs ago (kung malaki pinagbago)?
salamat Sir

hindi po ito standard.  kailangan po ng soil analysis (to determine compaction calculation), at soil elevation ng existing roads and drainage/sewage line.

ang increase in cost ng tambak at compaction ay dependent sa labor cost at equipment cost mostly.  marami naman kasing lupa (lowest quality is free panambak kasi kadalasan maraming mix na basura).  highest quality of soil contains 50% rocks.
Title: Re: Is buying a house practical?
Post by: vbignacio on Aug 04, 2012, 08:13 AM
talagang mas mura magpagawa kaso stressful lalo na kung walang contractor.
Title: Re: Is buying a house practical?
Post by: ferrariEverest on Aug 04, 2012, 01:15 PM
hindi po ito standard.  kailangan po ng soil analysis (to determine compaction calculation), at soil elevation ng existing roads and drainage/sewage line.

ang increase in cost ng tambak at compaction ay dependent sa labor cost at equipment cost mostly.  marami naman kasing lupa (lowest quality is free panambak kasi kadalasan maraming mix na basura).  highest quality of soil contains 50% rocks.
Geodetic engineer po ba dapat lagi gagawa ng ganyang analysis?
SOP ba yang soil analysis pag gumagawa ng bahay? :D

very interesting, thanks Sir.
Title: Re: Is buying a house practical?
Post by: Ironkiwi on Aug 04, 2012, 02:04 PM
Geodetic engineer po ba dapat lagi gagawa ng ganyang analysis?
SOP ba yang soil analysis pag gumagawa ng bahay? :D

very interesting, thanks Sir.
Yung soil analysis po ay dipende sa location at ipapatayong structure.
Kung single ~ two storey house at hindi naman reclaimed yung lot area, magagastusan lang po kayo.
Title: Re: Is buying a house practical?
Post by: ferrariEverest on Aug 04, 2012, 02:17 PM
Thank you sa insight Sir!
Title: Re: Is buying a house practical?
Post by: prnd32 on Aug 04, 2012, 05:31 PM
Maganda raw mag-apply ng housing loan ngayon kasi mababa ang interest rate.
Title: Re: Is buying a house practical?
Post by: bauer on Aug 05, 2012, 05:44 PM
Yung soil analysis po ay dipende sa location at ipapatayong structure.
Kung single ~ two storey house at hindi naman reclaimed yung lot area, magagastusan lang po kayo.

kahit 2-storey ang bahay, minsan kailangan talaga nag soil analysis.  kasi may kakilala ako, yung bahay niya bumabagsak ang lupa so yung mga tiles nya nasira kasama bakod.  later on, it was determined that the subdivision is dati palang 'asinan'.

so in the case above, kahit 2-storey or single storey, kailangan ng soil analysis.
Title: Re: Is buying a house practical?
Post by: ferrariEverest on Aug 05, 2012, 08:49 PM
^ make sense.
soil composition ang basehan/mas importante kaysa taas ng bahay.

minsan kasi, may bungalow lang na bahay pero ang taas ng pinaglalagyan.
Title: Re: Is buying a house practical?
Post by: rds on Aug 06, 2012, 01:42 AM
^please be not confused with soil composition / investigation (determined through soil analysis in laboratory by soil/civil engineer) and topographic survey (determined by survey by geodetic engineer).

we usually need soil investigation to determine the strength of soil (usually necessary for two or more storey / seldom for single storey). pag malambot ang lupa, kailangan ng engineer na maglagay ng additional na tie-beams at lakihan ng konti ang footing para ma eliminate ang pag-lubog (gradually) ng bahay.

topographic survey naman if we want to make sure that ground floor level is higher than the road level. but this can be done manually also kung malapit lang naman bahay mo sa road.
Title: Re: Is buying a house practical?
Post by: ferrariEverest on Aug 06, 2012, 02:25 AM
Sir rds,
Salamat!

base sa sinabi mo, sinabi ko, at nabasa ko, tungkol sa soil analysis talaga yung pinupuntirya ng posts/tanong ko.

salamat sa pag-correct.
napa-basa pa tuloy ako. :D
Title: Re: Is buying a house practical?
Post by: s2r5iii5iii on Oct 11, 2012, 11:01 AM
pwede din houses sa province. why not a rest house. maganda yung The Villas sa Dasmarinas Cavite.
Title: Re: Is buying a house practical?
Post by: abisoft on Nov 30, 2012, 03:50 PM
Buying a house instead of renting an apartment should be as easy as buying your own car instead of paying for a taxi. Who says your own house should be worth Php6M?

While renting, the money you pay goes out of your pocket forever. If you buy a house, your payment becomes an asset which you can turn back into cash by the time you sell or rent out your property. A real estate property is a good collateral too!
Title: Re: Is buying a house practical?
Post by: ghanie on May 02, 2016, 03:37 AM
Hinanap ko talaga tong thread na to, kasi lito pa rin ako. Praktikal bang bumili ng H&L kung hindi mo nakikita ang sarili mong magkakaron ng pamilya? As in di mo pa rin makita sarili mo na mag-aasawa at magkakaanak. Kasi parang lahat ng napagtanungan ko, puro ang sagot eh okay ang bumili kasi para sa future ng family, etc. Eh pano kung single ka at wala ka planong mag-asawa? Mas maige ba na magrent na lang?
Title: Re: Is buying a house practical?
Post by: darthjuday on May 02, 2016, 10:51 AM
Kung ganyan ang premise mo, mas maige pa nga sigurong mag rent na lang pero magtabi ka pa rin ng pera just in case mag decide ka bumili later. Kainaman ng upa, wala kang sakit ng ulo, umalis ka kung ayaw mo na sa lugar halimbawang biglang gumulo ang paligid. best of all wala kang paki kung nagiba sya ng lindol o masunog, just make sure may insurance ka sa contents.
Title: Re: Is buying a house practical?
Post by: dine18 on May 02, 2016, 11:32 AM
my opinion is mas maganda po kung may sarili kang bahay na masasabi mong pagmamay-ari mo kung para po sa pagrent ng bahay buwan buwan ka mamomoblema kung san kukuha ng panghulog lalo na kung maliit lng po ang sinusweldo
Title: Re: Is buying a house practical?
Post by: jenofstructures on May 02, 2016, 12:29 PM
Depende.... Kung bibili ka ng bahay at lupa at magiging sakit sa ulo mo lamang ang buwanang bayad sa loob ng sampung taon, huwag. Pero kung ang bibilhin mo ay budget base sa kaya mong ibayad buwan buwan maganda bumili ng bahay at lupa. Pwede mo rin kasi yun paupahan, karagdagang kita. 
Title: Re: Is buying a house practical?
Post by: ghanie on May 02, 2016, 12:47 PM
Thank you po sa mga nagreply. Nagdecide na ko ituloy. Ang bilis no? Hehe. Kahit na halos kalahati ng sahod ko ay pangbayad na lang ng mortgage, 5yrs ko sya babayaran. :(
Title: Re: Is buying a house practical?
Post by: dine18 on May 02, 2016, 05:46 PM
Meron naman po hulugan ng bahay parang ngrerent ka rin po pero ang kagandahan po dun ung bahay na hinuhulugan mo mapapasayo .
Title: Re: Is buying a house practical?
Post by: Thomas on May 02, 2016, 06:11 PM
Buy or rent depend much of
/earthquake, flood. landslide and/or typhon damage risk compared to how good the house is built.
/do you know your future needs, or is it big risk you have to change within a few years?
/where?  At some places it's easy to sell, while in most places it's very hard to sell, because them who want it don't have money...

(Among people I know in province BUT at rather popular places there:
/one haven't got it sold in over a year, becaise aiming at geting the invested money back. (Subdivision in small town, rather popular among Norwegians).
/an other had a house at a popular island. He had to lowered the price to HALF he had paid. Then he got it sold rather fast finaly...

But if you want a RURAL house, you can have to build to get what you want, because of less types of houses at wanted location to chose from.  (That's why I will HAVE TO build probably.)
Title: Re: Is buying a house practical?
Post by: jenofstructures on May 02, 2016, 07:05 PM
Thank you po sa mga nagreply. Nagdecide na ko ituloy. Ang bilis no? Hehe. Kahit na halos kalahati ng sahod ko ay pangbayad na lang ng mortgage, 5yrs ko sya babayaran. :(

Kailangan mo rin pagipunan yung 6month pay mo for emergency.... In case lang na mawalan ka ng income stream. Mabigat kasi ang bahay e, mahirap na mailit sya dahil sa hindi mo mabayaran compare sa kotse, kapag nahatak mas matindi ang sakit ng bahay at lupa
Title: Re: Is buying a house practical?
Post by: ghanie on May 03, 2016, 06:12 PM
^ hi, may naitabi naman din ako para dyan. Ang takot ko lang dahil nga empleyado lang ako, at sa ibang bansa pa ko so kung magkaron ng gulo at mapauwi kami na wag naman sana, tapos ang pangarap kong bahay. Dahil kahit siguro kaparehas na work ang pasukan ko sa pinas, di pa rin aabot ang sasahurin ko pambayad sa buwanang hulog sa bahay. Nagbigay pa lang ako ng reservation fee, nasakit na nga ulo ko kakaisip kung go or no go ba talaga. Maganda yun area, isang tumbling from alabang, pero medyo talahiban pa ang ibang area nun village eh.
Title: Re: Is buying a house practical?
Post by: darthjuday on May 04, 2016, 11:14 AM
Bro, 5 years to pay at >50% ng sweldo mo at di ka naman pala nagre rent hgayon, bakit di mo na lang ipunin, included naman dyan sa MA ang inflation, so pareho lang ang value ng pera mo ngayon at 5 years after. Pag may swerte pa, baka bumaba na real estate prices dahil ilang years na itong sobrang boom. Unless sa tingin mo ay malaki ang appreciation ng binili in 5 years, like say if it was a prime ayala project. Most unbranded subdivisions kasi maski after 10 years, hindi umuusad ang value.
Title: Re: Is buying a house practical?
Post by: ghanie on May 04, 2016, 03:27 PM
^ Nakapag issue na ng check yesterday. WAla nang urungan. Naisip ko nga din yun na pwede na lang ipunin, pero yun area nagtingin ako yun mga dating presyo like 3 yrs ago, ay tumaas naman now. Malapit din sa gate yung nakuhang lote so tingin ko magiging okay naman and kapitbahay ng ATC. Bale kasi kahit na lote lang din ang kunin ko at magpagawa ng bahay after, same lang din kasi kukuha pa ko ng contractor at magdedesign, di rin ako marunong sa mga ganon kaya package na lang less headache, sana lang tama tong desisyon ko.
Title: Re: Is buying a house practical?
Post by: jenofstructures on May 04, 2016, 03:48 PM
Remember ha hindi lang price ng lote ang kailangan mong isipin, Meron pa ring mga taxes na kasama ang documentation plus, kung kapitbahay ka ng ATC, mahal ang monthly dues dyan hehehehe
Title: Re: Is buying a house practical?
Post by: darthjuday on May 04, 2016, 03:56 PM
Good Luck Bro Ghanie  :cool2:
Title: Re: Is buying a house practical?
Post by: ghanie on May 04, 2016, 05:38 PM
Remember ha hindi lang price ng lote ang kailangan mong isipin, Meron pa ring mga taxes na kasama ang documentation plus, kung kapitbahay ka ng ATC, mahal ang monthly dues dyan hehehehe

Oo, kakataas lang daw ng presyo ng monthly dues. Hinabol ko dun yun security ng lugar saka yun parang semi probinsya yun pakiramdam ko pag nandun. :)
Ang prob ko now ay papano dadagdagan ang kita pero mabilis lang 5 yrs yun na lang iniisip ko. :D

Darth, thanks. dami ko dito talaga natutunan sa PMT mula nun naging member ako dito  :)
Title: Re: Is buying a house practical?
Post by: TulogSaPancitan on May 04, 2016, 06:15 PM
Hinanap ko talaga tong thread na to, kasi lito pa rin ako. Praktikal bang bumili ng H&L kung hindi mo nakikita ang sarili mong magkakaron ng pamilya? As in di mo pa rin makita sarili mo na mag-aasawa at magkakaanak. Kasi parang lahat ng napagtanungan ko, puro ang sagot eh okay ang bumili kasi para sa future ng family, etc. Eh pano kung single ka at wala ka planong mag-asawa? Mas maige ba na magrent na lang?

just rent. this is my advise for h&l. future is long way ahead. u dont even know where u gonna be in 5 yrs time. that property might end up with no one living on it, or worse ur relatives will live on it for free. forever.  :D


this is different when buying a condo. where u can rent it out when ur not using. well u can have ur h&l rented but only if ur in nice location and there is market.

im in this situation 4 yrs. ago. but i settled for buying a condo instead with intent of renting it out or flipping it. not for personal use. u could use that money in other investment. remember committing to a real estate is a big hit or a big miss. it could really hurt ur finances. so think thousand times.
Title: Re: Is buying a house practical?
Post by: ghanie on May 04, 2016, 07:14 PM
that property might end up with no one living on it, or worse ur relatives will live on it for free. forever.  :D

This is the case now with another lot that I purchased years ago. Hehe. Pero wala din naman magaw, alangan palayasin. :(
Title: Re: Is buying a house practical?
Post by: jenofstructures on May 05, 2016, 07:31 AM
^^^^Naku, red flag yan. baka dapat magisip ka muna bago ka bumili ulet
Title: Re: Is buying a house practical?
Post by: ghanie on May 06, 2016, 04:07 PM
^thanks jen. Gusto ko na din kasi umuwi kaya nagdecide na ko kumuha hulugan. Di naman sila siguro titira dun. :D
Title: Re: Is buying a house practical?
Post by: wilch23 on May 06, 2016, 08:48 PM
Meron ka pa ba relatives na walang matirhan?
Title: Re: Is buying a house practical?
Post by: ghanie on May 07, 2016, 02:03 PM
^naku marami sila sir. haha. :D
Ngayon gusto ko na talaga umatras, partly because of the elction. :D
Title: Re: Is buying a house practical?
Post by: wilch23 on May 11, 2016, 02:45 PM
Why?
Election?
So ...
Title: Re: Is buying a house practical?
Post by: desiderata on Jun 23, 2016, 04:11 PM
I was browsing for threads, and nakita ko to! Mejo matagal na pala ito pero mejo similar ang dilemma namin ni TS. I am contemplating on buying a lot naman. There's this lot that I really like and I plan to build my house in this lot in the future. I plan to buy it in cash.

But, I am thinking if it's good to buy it now. Upon purchase, it will be a non performing asset. We have our house naman (with parents). And sabi sakin ng iba, wag daw muna kasi pwede makakita pa ko ng lote sa mas magandang location in the future. sabi naman ng iba buy it now kasi mas mahal na in the future. I wonder if I should buy it now or saka na lang ako bumili pag may paggagamitan na talaga. What do you guys think?
Title: Re: Is buying a house practical?
Post by: TulogSaPancitan on Jun 27, 2016, 05:03 PM
if i have extra money that is not tied up to any other investment and will not hurt my pocket that much, i go for it. just don't borrow. coz u'l be paying interest on npa.

ciao.
Title: Re: Is buying a house practical?
Post by: desiderata on Jun 27, 2016, 06:43 PM
Borrowing is not an option of course. Wait and see mode pa ko eh. Ipon-ipon pa rin as usual habang di pa decided. Sooo hard to part with hard earned money.
Title: Re: Is buying a house practical?
Post by: wiggy on Aug 16, 2016, 03:58 PM
I'm getting married and starting a family of our own. We don't want to co-habitat with any family member under the same roof.

We have an extra space on my parent's lot, we were about to avail a house loan from banks to build a house on that space however we decided not to do it since the whole house and lot of my parents will be the collateral.

We we ended up buying a house and lot with a good location, near on a main road and a mall.
I do hope it was a wise investment for us, for now it seems too. Cheers!
Title: Re: Is buying a house practical?
Post by: z857456 on Aug 17, 2016, 02:26 PM
there's no perfect home but there's a perfect family, doesn't really matter where you are. ok that's too edgy. LOL

serious note! location location location, i made a mistake buying a house in Carmona Cavite, somebody's renting there now but hindi ko nararamdaman kasi mababa lang talaga upa hirap din ibenta, sakit pa sa ulo maintenance. Given a chance id rather invest that to a Condo.

Title: Re: Is buying a house practical?
Post by: patski on Aug 18, 2016, 07:18 AM
I plan to buy/build a house of my own. I have the money for it. BUT before that, I will use this money to purchase me a property and make a "paupahan" venture. If in the near future I'm getting married, we will use one of the unit since we have no children yet (with my partners consent ofcourse).

If God's permit, maybe in 10 years time I can build my own place. By that time I have an investment of a total of 15 units for rent (my minimum target) and will be financially capable for my dream house.
Title: Re: Is buying a house practical?
Post by: gogoypmt on Aug 19, 2016, 04:27 PM
Buy ka na ng H&L mo. Parenta mo kung di mo pa gagamitin. Or pataasin mo presyo bago mo ibenta.
Title: Re: Is buying a house practical?
Post by: spidermannn on Aug 20, 2016, 08:09 PM
Dont consider buying house and lot as investment, unless paparentahan mo to at sure k na ibebenta mo at high price. Kung ikaw ang titira its a liabilities paden. So dont put all your money.

Kung plan mo sa subdivision buy a big lot, kesa bumili k ng lupa n maliit then after few years lumaki mga anak mo ngsisikan n kayo, then you have buy bigger lot for bigger house. Kung kaya mo magantay bumili k ng lupa n malake at satisfied k. Avoid buying pre fabricated built house.

I have friends na ngmadale bumili house and lot. Now ngsisi sila kase gumastos n sila then npakaliit ng lote nila.  Wag magdale kung ikaw ang titira sa bibilhen mo. Kung parentahan nmn check the maintenance cost ng house bka masyado ng luma at hinde n safe for your renter.

Hinde porket bumili k ng house & lot is you could consider that as investment. Kung gusto mo ng invesment farm lot n kumikita ang hanapin mo with farmer na.
Title: Re: Is buying a house practical?
Post by: grandestan on Aug 26, 2018, 10:14 PM
a house for family use is more of necessity than investment.an investment is an instrument/vehicle to grow one's capital.
Title: Re: Is buying a house practical?
Post by: inikkim on Aug 27, 2018, 07:52 AM
Hi, is it okay to but a lot instead of h&l?  Im still living in my parent’s house. Its mainly just for investment. What do you guys think?
Title: Re: Is buying a house practical?
Post by: SamanthaB on Aug 27, 2018, 10:29 AM
Hi, is it okay to but a lot instead of h&l?  Im still living in my parent’s house. Its mainly just for investment. What do you guys think?

Yes, it's okay. You could just build a house later on. Besides, if you'll be buying a house & lot and planning to have it for rental, you still have to consider the maintenance cost. Parang mas mahal din. If you'll buy a lot first, you could start a farm or whatever means to generate an income.
Title: Re: Is buying a house practical?
Post by: IGX on Feb 13, 2019, 10:52 AM
Halos 7 years na since i made this post and until now I am still renting.  Pero sa condo na ako nagrerent at napapaisip ako bumili ng bahay.

Bakit?  Kasi kung tumanda ako may magpapaupa pa ba sa akin, baka matakot sila kasi matanda na ako at walang pambayad, o walang lakad, o baka bigla ako madedo sa property nila.

The regret I have now is dati ung mga binebenta na 2 to 3M ang presyo, asa 10 to 15M na ngayon, sobrang laki ng increase sa prices.   

Kaya yung iba dyan, don't buy a condo, don't rent, buy a house, the earlier the better.
Title: Re: Is buying a house practical?
Post by: apingdaldal on Feb 13, 2019, 01:01 PM
^ same regret here... a 2-bedroom condo unit located in near SM Fairview with a price tag of less than Php 3M  6 years ago is now selling at 6 to 8M :( 
Title: Re: Is buying a house practical?
Post by: jefsanity on Feb 13, 2019, 09:04 PM
Just buy a house dude! no regrets!
Title: Re: Is buying a house practical?
Post by: oragon on Feb 14, 2019, 02:33 PM
Sa panahon ngaun at kalakaran sa maynila, maswerte yong may mga sariling  bahay! mawalan ka man ng trabaho, may bahay kang matutuluyan.

Kung ikaw ay umuupa at mawalan ka ng trabaho mauubos savings mo sa pambayad sa renta at pati yang pera for retirement magagamit mo pangupa imbes sa pagkain, at kung inaasahan lng ang pension like GSIS 5k a month not enough kahit sa pang upa ng house

Naguupa din ako almost 12yrs na & baka nxt year makalipat na kmi sa new house, nag tiyaga sa over populated na apartment, maduming paligid, madaming ipis, daga, bastos at balahurang kapitbahay , pero salamat na din dahil sa paguupa nakaipon ako.. :bday:

dpa huli ang lahat sir habang madami pang mapagtitirikan ng house sa maynila
Sabi nga ng mga matatanda magdildil kaman ng asin ayos lng may bahay ka nmn masisilungan habang kumakain ng asin. :watchuthink:
Title: Re: Is buying a house practical?
Post by: IGX on Feb 14, 2019, 06:21 PM
Saan kayo nakalipat @oragon?

Naghahanap ako within metro manila, puro 10M up na ang mga bahay, ung 10M mga super layo, unga mga within the metro 20M up na.   Mga bulacan area naman 10M up narin.  Grabe na panahon ngayon.
Title: Re: Is buying a house practical?
Post by: revenant2017 on Feb 16, 2019, 12:39 AM
6-8m is ridiculous price. Is this the price offered by Real Estate Agents/developers? It doesn't really make sense to me kasi some of the condo's in Ortigas that are being sold by the owners are at the range of 3-4m
Title: Re: Is buying a house practical?
Post by: IGX on Feb 16, 2019, 08:16 PM
^

I was referring to house and lot for the 10M up price.  Ung 10M na house and lot d pa yun magaganda, sa mga real estate websites ako sumisilip and sometimes sa facebook.  Ung magaganda sells for 54M up.

Sa condo naman, a DMCI 55 sqm 2 bedroom condo without parking sells for 6.5M now.  Parking slot costs 660k (kakabili ko lang), pero sa Ayala 1.3M ang parking, sa SM as per a friend 1.3M.   Parking lang ang mura sa DMCI at unit since mas malaki ang sqm nya versus ayala and sm
Title: Re: Is buying a house practical?
Post by: firstandlast on Feb 17, 2019, 03:42 AM
I think, mas mahal ang DMCI compared to SMDC kasi they do not include the 10 -10.5% closing fee and the around 5-9% yata na turn-over fee sa TCP. Please correct me if I'm wrong, DMCI.
Title: Re: Is buying a house practical?
Post by: oragon on Feb 17, 2019, 01:45 PM
Saan kayo nakalipat @oragon?

Naghahanap ako within metro manila, puro 10M up na ang mga bahay, ung 10M mga super layo, unga mga within the metro 20M up na.   Mga bulacan area naman 10M up narin.  Grabe na panahon ngayon.

Sa QC likod ng SM north malapit EDSA, Isa sa mga reason kung bakit kmi natagalan mag upa ay nagaantay ng tiyempo, nagbabakasali na may ebintang lote malapit sa lugar namin, sa loob ng 6-7 taon kaantay at iipon nakakuha din (lot price=25k/sq.m), ingat ka nga lng kc dtulad sa probinsya, pag nakasundo kayo sa price fix na , sa manila nagkasundo na nga kayo lahat2x  @ may deed of sale na back-out pa kc may nakitang mataas na buyer si seller. :hihi:
Title: Re: Is buying a house practical?
Post by: jefsanity on Feb 17, 2019, 01:52 PM
@
Sa likod ng SM north, Isa sa mga reason kung bakit kmi natagalan mag upa ay nagaantay ng tiyempo, nagbabakasali na may ebintang lote malapit sa lugar namin, sa loob ng 6-7 taon kaantay at iipon nakakuha din (lot price=25k/sq.m), ingat ka nga lng kc dtulad sa probinsya, pag nakasundo kayo sa price fix na , sa manila nagkasundo na nga kayo lahat2x  @ may deed of sale na back-out pa kc may nakitang mataas na buyer si seller. :hihi:


Na-acquire nyo H&L? or lot muna then pinagawa mo yung house?
Title: Re: Is buying a house practical?
Post by: oragon on Feb 17, 2019, 02:06 PM
Lot lng sir and kumuha ako ng 1 foreman , 2 skilled @ 4 helper at yong house plan punta ka cityhall eng opis ask ka gagawa ng plano mo then sila na bahala mag pa approve (di po fixer yan legal yan sign & stamp po yan)
Title: Re: Is buying a house practical?
Post by: jefsanity on Feb 17, 2019, 02:23 PM
Lot lng sir and kumuha ako ng 1 foreman , 2 skilled @ 4 helper at yong house plan punta ka cityhall eng opis ask ka gagawa ng plano mo then sila na bahala mag pa approve (di po fixer yan legal yan sign & stamp po yan)

wow hands-on ka sa pag-pagawa sir! galeng! nagka-idea tuloy ako! ilang sq. mtr lot mo at floor area? magkano inabot..
Title: Re: Is buying a house practical?
Post by: Mjm on Feb 18, 2019, 03:25 PM
Hello po  sainyo. Magpapagawa kami ng 200 sqm 2 storey house . Yung engineer na gumagawa ng plano, tatay nya magiging foreman po. Sabi sa amin ng foreman dapat daw 6 skilled ang kukunin nya at 6 laborers.   At gagawin daw ang bahay mga 4-5 mos. Tanong ko lang po kung ganun ho ba alaga dapat karami ang skilled workers.sabi pa pag nagbuhos daw po magdadagdag daw pa ng tao. Need your opinions po. Salamat!
Title: Re: Is buying a house practical?
Post by: firstandlast on Feb 18, 2019, 05:11 PM
^ It depends po sa design ng 2-storey house niyo at sa panahon ng pag-gawa. Kung tatamaan ang rainy season, baka mas matagal pa. But 4-5 mos. po ay mabilis na po yan based sa normal design. 6 skilled workers at 6 laborers is just ok. Daily po ba yung contract niyo or lump sum? May disadvantages po kasi pag daily at lump sum. Dapat po close kayo nung engineer at foreman para po hindi kayo dayain. Pag daily po kasi, pwede nilang tagalan ang trabaho. Pag lump sum naman, pwede nilang bilisan ang trabaho at hindi po magiging pulido ang gawa. So, dapat po ay reputable yung foreman at engineer.
Title: Re: Is buying a house practical?
Post by: Mjm on Feb 18, 2019, 05:16 PM
mag ama po ang engineer at foreman. Katunayan po kamag anak ng aking asawa. Mag sstart po construction ng middle ng march. Salamat po sa reply.
Title: Re: Is buying a house practical?
Post by: Mjm on Feb 18, 2019, 05:25 PM
Daily po ang bayad sa mga workers. Sa amin po lahat ng materials.
Title: Re: Is buying a house practical?
Post by: IGX on Feb 18, 2019, 09:24 PM
Sa QC likod ng SM north malapit EDSA, Isa sa mga reason kung bakit kmi natagalan mag upa ay nagaantay ng tiyempo, nagbabakasali na may ebintang lote malapit sa lugar namin, sa loob ng 6-7 taon kaantay at iipon nakakuha din (lot price=25k/sq.m), ingat ka nga lng kc dtulad sa probinsya, pag nakasundo kayo sa price fix na , sa manila nagkasundo na nga kayo lahat2x  @ may deed of sale na back-out pa kc may nakitang mataas na buyer si seller. :hihi:

good deal ka na sir ganda location mura na yan for the location
Title: Re: Is buying a house practical?
Post by: jenofstructures on Feb 19, 2019, 09:29 AM
Parang mabilis yang 4-5months for 200 sq.m. Depende rin pala sa kung ano yung gagamitin mo na materials

Ano ba size ng floor plan mo?

Ingat din sa contract baka kasi ang nakalagay lang don basic lang na framing. Tapos pag nagpagawa ka na ng tiles magpapadagdag pala sila, tapos additional nanaman kapag nagpapintura ka. Aesthetics pamandin ang matagal at mahal
Title: Re: Is buying a house practical?
Post by: nightwatch on Feb 19, 2019, 01:20 PM
Marami yang 12 na workers.  Kung kumpleto sa gamit and hindi naman mano mano ung paghalo at pagbuhos ng semento, mabilis lang ung house structure.  Ung slab is just a few hours now.  Umaarkila lang ng mga ready mix concrete na trak tapos within a few hours lang tapos na yang slab mo. 200 sqm floor area, maybe 8 workers for 4 months for the structure (including ung plumbing, bubong, and plastering).  Tapos mga 4 or 5 workers na lang sa finishing for say 2 months.
Title: Re: Is buying a house practical?
Post by: Mjm on Feb 19, 2019, 04:55 PM
Salamat po sa info. So bale 4 na skilled workers po at mga 4 din ba ang laborers. Ok na po yun.  May cement mixer daw po sila. Yung pag nagbuhos sila magdadagdag na lang daw ng taong tutulong ulit.Sa probinsya po yung patatayo tapos mga workers manggagaling pa sa malayo.  pinoproblema pa nila kung paano dadalhin yung mixer daw at gusto pa magpabayad ng pamasahe nila. Yung sweldongninask nila yun nman ibibigay namin
Title: Re: Is buying a house practical?
Post by: Mjm on Feb 21, 2019, 01:07 AM
200 sqm po with deck. 4 bedrooms with 2 t&b po.
Title: Re: Is buying a house practical?
Post by: taski24 on Feb 21, 2019, 10:35 AM
Buying a house is never practical. It is almost always an emotional decision.

Yes, shelter is one of the physiological needs according to Maslow,
but anything over and above a house that gives you shelter is a  hype.

Let me explain. If you are familiar with Robert Kiyosaki, of the Rich Dad, Poor Dad fame,
he gave a more realistic definition of assets and liabilities.

Liabilities are those that take money out of your pocket.

Your house is a liability because it takes money out of your pocket in the form of mortgage.

Even if you pay for it in full (if you have the capacity to pay it in full), it is still a liability.

Money will come out of your pocket in terms of association dues (if you are in a condo or subdivision), maintenance costs, and real estate taxes.

Your house will only stop becoming a liability if you rent it out.

Given that you are still single and you are still young,
I highly recommend that you just keep on renting for the moment,
and invest the money you save in high performing assets (stocks, mutual funds, or whatever rocks your boat.)
Title: Re: Is buying a house practical?
Post by: nightwatch on Feb 21, 2019, 05:21 PM
^On a purely financial point of view, yes probably, it's a liability.  But, what if you loose your job and you have a good size family or the land lord doesn't want to renew you contract? Had this experience before so I realized the importance of having my own house.  No rent to pay, no contract to expire, no landlord,  I can do all the things I want in the house. 

Bought a house way back in 90's for 1M and lived there for almost 20 years. Bank amortization is around 9K while rental during that time is around 10K.  Rental in that place is now is 18K.  So Amortization (9k) is less than Rental (10k) at the start.  After 10 years, the house is paid, no more amortization.  Rental is zero in other words.  That was in 2008 where the high performing assets you mentioned just took a deep dive.  Imagine I have extra 9k to buy stocks monthly.  BTW, house is worth 3M now.  So, is buying a house practical?  It's all up to you, but I'm not going to deal with landlords again, no one's going to force me to leave the house, and... I Just Bought a New One. How?  Remember, I'm practically saving around 18K from rental that I can use to Amortize the new house.  Again, still not renting on the new house, just paying Amortization.


Now consider this one, buying a condo unit at BGC for 4M  5 years ago.  Condo is now worth 9M.  You can easily sell for 7M.  Look at the mutual funds performance for the past 5 years http://www.pifa.com.ph/factsfignavps.asp.  So, where do you earn more?


To summarize, if buying a house is practical or not, it all depends on the time element you are looking at.  It can be not as I illustrated above. Like if someone will tell me buying a house in 2008 versus buying stocks, buying stocks will win hands down.
Title: Re: Is buying a house practical?
Post by: leomar on Feb 21, 2019, 06:39 PM
pwedeng liability ang house and lot on one perspective pero how about sa networth angle?
habang binabayaran pa yung bahay, nagbibuild naman ng equity sa asset side...
once fully paid na yung bahay, 100% equity na yun, aside sa HOA na binabayaran kung meron man, ano ang networth ng owner?
so kung rented pa, may cashflow na, mataas pa ang networth ng house owner...

sa financial view pa lang ito... 
Title: Re: Is buying a house practical?
Post by: IGX on Feb 22, 2019, 08:26 AM
^

I never consider properties as part of my net worth.  D mo naman maliliquidate agad yan.  Cash is still king. 

Pero may point si sir @nightwatch, although may bahay kami, when I started working I wanted to buy a house, it costs 1.4M 2 storey 1 parking with attic.  Hindi ko intinuloy, instead I left home and rented just one block away from home, my rent for 10 years cost me 1.8M, asa huli na nung narealize ko, sana binili ko nalang ung 1.4M na bahay, sarili ko pa yun.
Title: Re: Is buying a house practical?
Post by: taski24 on Feb 22, 2019, 09:36 AM
^On a purely financial point of view, yes probably, it's a liability.  But, what if you loose your job and you have a good size family or the land lord doesn't want to renew you contract? Had this experience before so I realized the importance of having my own house.  No rent to pay, no contract to expire, no landlord,  I can do all the things I want in the house. 

We can agree to disagree.

I only recommended renting to the post starter because she is still single, and her money would be better invested elsewhere.

Quote
Bought a house way back in 90's for 1M and lived there for almost 20 years. Bank amortization is around 9K while rental during that time is around 10K.  Rental in that place is now is 18K.  So Amortization (9k) is less than Rental (10k) at the start.  After 10 years, the house is paid, no more amortization.

9k x 12 months x 10 years = PhP1,080,000.
You failed to mention how much was the downpayment for the house.
I am pretty sure the bank would not settle for P80,000 profit for 10 years.
I am presuming that for that P1M house, you paid P2M in a span of 10 years.
Correct me if I'm wrong.

Quote
BTW, house is worth 3M now.

Will you sell it? If not, then that P1M profit is only in your head.

Buying a house is never practical.

Why?

Because no one would settle on just the basics.

You want the best that your money can buy.

And there lies the problem.




Title: Re: Is buying a house practical?
Post by: leomar on Feb 22, 2019, 02:40 PM
all assets and all liabilities are used in computing one's networth, yung ibang assets are not as liquid as others pero for me real estate properties, including houses/condos/raw land, are still part of one's networth...

selling a house or land, or liquidation of it, is another matter hehe
Title: Re: Is buying a house practical?
Post by: leomar on Feb 22, 2019, 02:43 PM

Will you sell it? If not, then that P1M profit is only in your head.


paper/unrealized gain, yes unless ibenta, it will be in the form of cash...
pero sa ngayon, market value will still go to the networth computation...
Title: Re: Is buying a house practical?
Post by: Wertiu on Feb 23, 2019, 01:50 AM
I would go for it. I understand that when you rent you are more mobile and can move to any place you like, even change the city if needed. But see yourself in 5-10 years, isn't it better to have your own place? Life is unpredictable and you never know if your income is going to stay the same or raise. In my opinion if you have opportunity now just go for it. When I had opportunity I bought cheap property on the French Riviera https://tranio.com/france/cote_d_azur/ (https://tranio.com/france/cote_d_azur/)   and now have my house and rent some rooms out during summer for very good money.