Best advice is use common sense when you travel and NEVER ever let go of your hard earned money! Rent and DON'T get into any mortgage as a foreigner, walk away in times of trouble, and ALWAYS have backup money to ESCAPE any situation!
I recently had a pretty bad motorbike accident in the Philippines where I broke my collarbone and had multiple rib contusions. Plus, some nerve and muscle damage to my shoulder and back. The surgery involved 2 doctors, plus anesthesiologist, multiple x-rays, EKG specialist, blood and urine, iv and pain med drips, antibodies drip, 3 night's stay at a private hospital, etc, etc. Total cost was just under $2,500 USD. My BCBS insurance was not accepted. No pay...No services. Dropped a 60k advance and things got moving really quickly. I am 55 years old, I had written bikes since the age of 14 and never had an accident. Anything can happen so be prepared.
@@agent.86I’d rethink Guam hospitals. It’s pretty near third world country levels now. I was just there last year. The hospital has mold, they found a massive snake in the ceiling and not enough specialists. Take a visit and see for yourself just to be aware.
@@emmalee9747 there's mold everywhere in the Pacific and Guam hospitals and Saipan take USA health I sureance and there way better then the Philippines
Sorry to hear about your accident! As a frequent rider of a big bike, I have been fortunate so far to never have been involved in any motorbike accident. Also, I am in the habit of wearing full leather gear, irrespective of the outside temperatures... Could you briefly elaborate on the reasons why the hospital declined to accept your BCBS insurance stepping in for you?
Everything is temporary in life. Always have a plan B. Help the one you love as long as they are trying to solve their own problems, but don't take on their problems. Live within what you can afford. Leave your white knight behind.
Ah yes, when I began a relationship with a Filipina in Bohol 16 years ago (2007), a British ex-pat and business owner there took me aside and told me that I should be aware that, when you begin a relationship with a Filipina, there is an unwritten rule that you will be expected to support her family, even her extended family. I struggled so hard to keep this business at arm's length but, in the end, I returned to Canada 6 years ago (2017), bringing her with me - so demoralized, distraught and depressed over the never-ending expectations and demands! (Well, at least I survived it relatively unscathed while many other foreigners ended up bankrupt) Now, back in my home country for 6 years, I am unhappy that the Canada I knew and loved as a young man seems to have disappeared; overtaken by a culture of greed and dog-eat-doggedness. It's as if there is no room for a senior citizen with a very modest pension to enjoy life, even a little bit. And so now, your videos have got me thinking of returning to the Philippines. A scary and unsettling thought! Still though, you are quite a character and I really enjoy your videos. It's like having an old friend I can relate to. Thank you, Paul, old dog!👍
@@martinpeacocke8968 Thanks a lot for your response and your encouragement, Martin. I seem to have misplaced my rose-colored glasses though. After 10 years of seeing and doing it all in the Philippines, I cannot think of any place there that lights up my heart enough to prompt me into packing up and leaving Canada. If only I could find a place where I could spend my days swimming in the sea, fishing, growing vegetables, cooking and writing, somewhere where I didn't have to listen to roosters, karaoke and people making a lot of noise ... then I think I would be happy as a clam. About the only place that has any appeal to me is Siquijor. And yet, it's as if some kind of deep melancholia has grabbed ahold of me and it just won't let go. Well, perhaps one day, It will pass. Best wishes, Grinnie, the old storyteller "Better than yesterday, worse than tomorrow"
@@terryquinn7765 I've never visited Mexico, Terry, although I've lived in Jamaica, Bahamas & Grand Cayman. Perhaps one day, I'll go and have a look! Thanks for your suggestion.
If you do buy property in the Philippines, it's best (in my opinion) to buy in a subdivision. These places are usually developed by wealthy (and connected) Filipinos who will not let the value decline. You also should not have a problem reselling them since they're usually in good areas and are a symbol of high status among Filipinos.
@@TheRgordon16 When I did some research into buying a condo in the Philippines I was told that as a foreigner since I would only own the unit and not the land it was built on the owner of the land could decide to tear down the condo and build something else on the land and I would not have any recourse as a foreigner.
Last thing to do is to lease the property real estate off your girlfriend at 25 years with the option another 25 years That's legal in the Philippines before you marry or if you don't get married that way she can't kick you out
Paul, this is the most amazing discussion you and Dan have had on your channel. Plus, your humor, sarcasm, and puns are second to none. I never miss a podcast and always look forward to more. For that I say thank you!
Great info from both of you, I am now 72 and have lived here in the Philippines for 32 years and have gone thru many of the issues you both talked about and I learned many lessons over the years living here. I agree with both of you about renting a place to live instead of buying, but like you stated Paul I also bought a house here for my wife's future because she had a bad stroke back in 2005 and I wanted her to be set for life when I am gone to the stars. You both have great UA-cam channels but together your even better. Thanks for great info here
Maybe your comment is for another because I don't need any training I own a house and a condo and have lived in the Philippines over 32 years, but buying is not so good for many expats its better to rent for some.....@Midwest10
Great video, guys! We have friends that had a house built in Minglanilla Cebu about 6 years ago. He is retired American she a Cebuana. Apparently, the neighborhood had to sue the developer to finish the project he hadn't proved the amenities on the original plan. The house cost them probably 250k US..The problem is real estate is not like in USA. The values are all over the board. So, getting you ROI may never happen. I M lucky because my wife already had a house and property when I met her. Any improvements she has made she has paid for. I would say for a foreigner tread very carefully buying in the Philippines. Cebu city condo prices are absolutely ridiculous. Renting is definitely the best option. 👌
In Costa Rica a can of Campbell's Tomato Soup from the US is $4. Meanwhile a can of Maggio's Tomato Soup from Mexico is 55 cents and twice the size, better and without all the preservatives that will embalm you Pre Mortem. Glad you brought that one up.
Hello gentlemen. With all the firsthand life experiences on the ground with respect to this podcast, it’s very educational and informative specially viewers from the U.S.. Yes, i am a U.S. citizen, 63 years old, married to a professional Filipina for 25 years until she passed away five years ago. I am pretty much aware with the local culture, customs and traditions; including real estate, businesses, health services and other areas of concerns. Absolutely agreed to avoid using fishing rod to catch fish online, 99 % you end up a line without a hook. Great job gentlemen. Stay safe.
I rode my bicycle across India I ran into an American who was retired in India. He inherited $150k and moved to India. I stayed in touch with him for a few years. Last time I talked to him he said he’s running out of money. Drinking alcohol everyday
Great advice Paul! That's my plan to rent and so I can be mobile and move as I please. However, I do own a townhouse in Suburb of Manila. But I don't plan to live there. Foreigners should consider just rent.
Hopefully U.S.Medicare will be available in the Philippines soon,.So text your congress representative in you state to make it happen.If The bill in Congress passes it will be for for a 10 years probationary period.The bill has not passed yet.
That's why I invest in first trust deeds. You don't have any of the haste of renting out your property. You get plenty of return (7 to 12%) and a very safe investment that pays you interest every month.
If you're not going to own a condominium or group of condominiums the best is to lease to hold that way 25 years plus option another 25 years and you can't be kicked off the property and you could do whatever you want with the property put rentals on it whatever a business
Hi Paul enjoyed this video like all you do... I messaged you told you I just physically got engaged 1 week ago in Manila and sent some photos.... I've known Jen 2.5 years and things are great, the only down side is the heart condition she has but will have corrected at Mayo Clinic here in Rochester MN.... she actually gets mad at me when I spend money on her... wanted to take her shopping for her birthday to get a new outfit.... she flatly said no because she likes thrift stores.... for her birthday dinner wanted to take her to Viking Buffet and even though her meal was free.... mine wasn't so she wanted left over pizza in our room... the 3 biggest things we did was get matching T-shirts from Hard Rock Cafe... but didn't let her see the price till it was to late to say no... but when she found out all she would say is that is 2 sacks of rice.... a Gondola ride at The grand canal mall and saw 2 movies.... as mentioned she has a heart we want to get corrected after marriage... and I can hear people rolling their eyes thinking she's using him she's probably not even sick... I wish with all of my heart and soul they was right... she sends me receipts for her meds and doctor visits as well as test results and most recently a letter from her Doctor... Jen had Rheumatic fever as a child and parents didn't take her to a doctor so Now Mitral Valve Damage his most recent letter said hoping the Doctor in the US who will do her surgery can do a mitral valve repair rather than replacement, but what made my jaw hit the floor its the first time he said she is in heart failure.... scared the Hell out of me.... im gonna do what ever I can to expedite her visa so she can hopefully have successful surgery and complete recovery anyone who would like to offer a prayer for her to God appreciated.... she's a beautiful woman inside and out and I really don't want to lose her this close to finally getting married
MVR repair can be a routine surgery in US. With improved flow the heart can improve. Some weakness will remain but hopefully manageable and she’ll do well. Godspeed brother 🙏🏽
Paul- This was a very well presented humanly video that many already know but all in one video and presentation in this world is everything. Great job to you both.
Note: Campbell's can soup is approx $2 where I live in the prairies of Canada 🍁Ridiculous! So buying it in Philly for that much I can do without complaining lol
Hi Paul, One of your Best, if not your Best tube casts ever. Very smooth and extremely Informative. Lucky Ace Las Vegas re met you again at the water front Diner.
Great video Paul! I think that the throwing money at problems is usually part of that "instant gratification" culture here in the USA. You remember the rat race yourself, and I can tell you that the rats are slowly creeping ahead! We are already running as fast as we can and can't take on another issue, so it's much easier to pay someone to take care of that issue for us. It's costly and wasteful, but if we can save our psyche from another hit, we often consider it money well spent. Now for the thing we can't see (I hope you make it this far to this comment). It's something you've tried to share with us over years on your videos. It's that we don't need keep up with the rats once we are in the PI. It's that we will be able to take a deep breath and decompress even though life in the PI is different from the USA. You are sharing your views of "peace of mind" and what that can look like for you in the Philippines! I look forward to being able to throw off my burden and just take a deep breath and be in the moment! I think that's the most important lesson you've shared/taught us!
Great comment! I'm almost in the same boat. I remember Paul made a video and said this about himself, wanting to be the Hero, helping people! I caught myself doing that on dating sites, and yes, they found I was kind, so they thought I was weak and they took me for cash but if it helped them. I'm alright with that, and I learned another valuable lesson. I've message both of u guys a few times, and Paul never comments back! I probably pissed him off at one time. So I completely quit commenting on his channel! But watching these last 2 videos, I do realize Paul does things he says he didn't. There's a word for that, but my spelling is wrong and will piss Paul off more! Dan always replies to my comments. Thank u, Dan! I must admit, there's so much wisdom in both videos! Of course I didn't say advice, Paul. Although there's more advice from both that is important to new guys going for there first time in candy store of Philippines! We could use more types of these videos! Second time I've edited. I keep thinking about everything that was discussed. And in first video u guys laughter was most revealing! Showed u guys having chemistry and laughing at ur lessons! Thanks again!
I'm 66 and live in SW FL. I rent now after divorcing and although pay a high rent owning a home here is no picnic here at this time. High prices...high interest rates....homeowners and flood insurance costs through the roof...ongoing maintenance costs...and as an example pennies on the $ paid out for Hurricane Ian damage...when something goes wrong I put in a maintenance request and it's taken care of. Thanks for sharing these fails.
We sold our house 6 miles from the beach in SE Florida when our homeowners insurance went up to $7000. Plus they’re only insuring houses that have roofs less than 10 years old. So, we had to also replace a perfectly fine roof to be insured. That and the politics that are in your face everyday. It was enough. We sold and are now retired and renting in Mexico.
When all this started. 99% of the 'vloggers', where painting a paradise place with angels..... and many lonely men, gulp it down like a dying man in a desert. It is nice to see that the truth and reality is being spoken lately, but fools and desperate lonely people, will always exist. Hopefully videos like this one, will help many from destroying themselves.
Hey I never paint them rosy Paradise is nowhere on earth is a paradise like in heaven but you can have a good life a good retirement you got to use common sense you got to find a woman that has common sense and a woman old enough to know what the hell job is he going to a job daily paying bills and having our own place to pay for
@@hillbillyintheasia6122 I don't know about you, but many others have in the past. Every place has it's bad and good, some have more bad then good and others the reverse.
The question of rent versus purchase depends on your income and the price of property. In my case, even very cheap rent would swallow up most of my income but it was a modest outlay to buy a property. I had the cash to buy the place so there was not a question of getting into debt.
Great Video!!! I enjoy so much watching the videos of you and Dan talking together like this. It was nice this was done inside a house where it's quiet - lol
Buy a condo from the developer... I paid 2.4 m and I have been in it 11 years. Thats about the time the rent receipts is the same as the purchase price. We are NOT to buy land...
The problem with owning a condo is you don't own the land and if the person that owns the land sells the land to a new owner they could tear down that condominium
@@hillbillyintheasia6122 That's not true in US, as the Condo owners own the land; most countries that restrict foreign ownership, allow a percentage of foreign ownership of condo developments.
@@bodyloverz30This is true in the Philippines that many condos are not owned and are on leased land for a period of time. This is also true in HK. you have to make sure the condo is not leased land that it’s built on otherwise if it’s near its end of lease you could be out of options in a few remaining years. There are some condos in the Philippines that are not on leased land so it’s the condo owners in control. Bad things with condos are fees are always going to escalate as the property gets older due to maintenance and upkeep, insurance will climb, sure prices will go up but it’s not that a great resale market with newer condos offering special deals for quite a few years that are attractive to short time buyers. Rent is a great option if you get the area you want but still a hassle if you need to move yearly.
Thanks Paul for a great insight into the common mistakes people do when relocating abroad to live a better life. Love your personality, simplicity and words of wisdom. I’ve watched part one of this conversation on Dan’s channel.
I've lived in Thailand, Philippines and Mexico. I was happy in all three countries but would not own real estate there. Compliments to folks who do own property, but it's not for me.
Did you know camel's soup is imported and they add a tariffs You're going to pay double sometimes three times as much for the hamburger or the pork chops The American brand
Im surprised that I've never seen a vlogger mention something that was one of the first things that came to mind for me. After a few months i googled private investigative agencys in Ph. I found one that seemes to specialize in background checks in these sort of relationships They confirmed everything she had told me about her was true. Such as marital status, children, living arrangements, workplace. Etc. Plus criminal background check and even asked neighbors and coworkers about her character and her family's character. It greatly reduced my doubt and skepticism.
My buddy and I own a lot, via our wives, on one of the Camotes islands. We paid $3,000.00 for it, 6 years ago. This winter I will check to make sure none of the expats who built around our property have infringed on us. Judging by the pictures my buddy’s in-laws sent, we now have utilities close, plus a nice, paved road! 😅 We paid for a survey, and have official title.
@@hillbillyintheasia6122 My buddies in laws are saying all the construction is by expats, in our situation. Fortunately, we have official documentation, as well as a legal survey.
You guys are very knowledgeable and professional about the things that can go wrong in the PI. I can’t wait to retire in 7 years from now. Thank you for the smart tips and suggestions. More power to you both. Thank you thank you thank you❤❤❤
I will definitely not be in vacation mode 24 seven. Even though I can afford it, that kind of shit doesn’t interest me . This was a great discussion. Glad you guys got together for this and collaborated very helpful information. 👍
Hard barn about buying land in the Philippines is the woman owns land and if she says hey I don't want you here you lose the land the house or business and same goes with our business is 60/40 so at any time she can sell it without your even knowing about it
Hey Paul. I might never live in the Philippines but I love the people. Also, I love your videos they usually make me break out into a big smile. Thanks.
You have not been financially ripped off by Filipinos. After you have, you will not like them anymore. Not just one, but several disappointed me and it cost a lot of money. No monkey wife for me!
I’m chomping at the bit to retire from my job, looking for that right time. This job allows me 6 paid weeks vacation that I religiously take. The paycheck/benefits leash of my career pales in comparison to the statement “vacation mode is more stressful than normal mode”. It’ll be there tomorrow. I can watch the two of you all day. The older I get, the greater I was……. That fish is now in the rear view mirror and is no longer in front of you. Meeting the both of you is now on my bucket list.
Hey Paul, great channel! I've watched dozens of your videos (and others) and I don't think I've heard anyone talk much about financial support for the wife or girlfriends family. Perhaps a lot of guys have no idea about that or what they should consider giving the family when they are in a relationship or married. That might be a helpful video to watch. Thanks for all your fantastic info. I'm going to Thailand in November for a vacation and check out retirement options there.
Don't give til it hurts. Also don't give so much you Weaken them, IE that they retire because you gave enough that her 30 year old brother can stop working.
I was in the hospital here private one spent 5 days severe case pneumonia. With pacific cross i paid around 3k usd total out of pocket. Issue was had to pay before discharge so had to sit at the atm and withdraw 10k peso at a time. That 10k limit such pain lol. Anyways, i pay 120 a month for my pacific cross i think it covered about half the cost. So no insurance you’re looking at 6k now for a private room hospital bed and er visit and test etc.
I would wait till I moved there and talk to Paul before trying to find any women and make sure my life was on track before getting into a relationship. Am still not sure what to do, but if my rent goes up, I may decide to move to the Philippines and give it a try. My income right now is $1800 a month and I keep things simple. Hope you're still there at that time, Paul because I know ill be lost, lol. I was in the automotive biss as well and work the same years in the same part of town as you, Paul. Thanks for the video, Mike
He has said elsewhere that one needs to change their way of thinking from consumption to retirement. Time is now not money. Relax and go with the flow.
My feeling is the key to longevity in life is to keep moving and doing things that you love and are fulfilled with. If you can find that balance and live your life stress free that is the dream. Don’t take on the debts and problems of others. You deserve better than that. My wife went on vacation there in the P.I. for a month and after day 2 she could not wait to get back to the USA.
the wife has it so so much better in California than back home. total freedom to drive around, make close friends, have get together lots per month, make filipino food. Go to the stores and buy food cheap. live in a house with nice furniture, tv large screen, drive new car on clean roads. Get a job and earn a living, help her family out. On her vacation it is a daily chore to feed all the people. Nothing to do but sit around on cheap seats and suffer the massive heat, ride crap town trikes hand wash clothes, the reason the ladies want us so much, not because you are fit and handsome to them. fat old men...
I believe even well thought-out plans and budgets from expats probably do not include emergency medical funds. That is something I do not hear people talk about when they talk about cost of living overseas or even if vacationing overseas. Thats a great point guys !!!
If your vacation and you can get travel insurance it's very easy I can get $165 a month full coverage for emergencies even for dental classes prescriptions and regular doctor visits
I feel that people can always get a proper address, legal name and a current photo; then notify local expats and ask for help with confirmation. Why not protect your families heritage, whether abroad or not.
I'm really glad that you two met. I remember suggesting to Dan to contact you regarding and American Dan met that was having a difficult time getting back to the USA. That was about the same time Paul met the ambassador and asked Paul to be a liaison for Americans having problems in the Philippines. I know I was not the only one that suggested to Dan to contact you Paul. My understanding is this man was able to speak to people in the embassy and get back to the USA. Anyway thank you guys for your content. Tom
Enjoyed the podcast as don’t listen nearly as often since living here. BUT, my feed was like commercial interruptions every 3 mins….but much. And yeah, I know, skip as.
Paul, luv this but one very important thing. You can buy a Condo and own 100% of it. BGC, along with Cebu as an example. The values in BGC are increasing yearly, like in the US boom days. Do your homework guys. The ladies aren't going anywhere. Slow down, there are more ladies to chat with and the Philippines are amazing! There's no hurry!!!
@@scottandrews947 wow. You are a genius about everything aren’t you. Typical libtard who thinks they’re always the smartest in the room but just spews bs 😂 we belly chuckle at you people
Great insights into how life as an expat is. Thank you! I subscribed to your channel now even though I know living in the Philipines would be all my nightmares coming true. ;) Still your experience often is not tied to the country and applies to every foreign country one wants to live at. Greetings from Germany from a guy who thinks about retiring in Spain.
Renting isn’t always the easy way out to no stress. Condo investment in the right area can be a great idea, especially if you’re renting it out over the holiday season or re-selling in 5-7 years so as to not use all your savings/equity.
I've been subscribed for a year. Lots of information is given in an entertaining manner. 👏 Then, on one episode, Paul casually mentions he dropped 40 pounds since he arrived in PI. 😮 This is worth at least an episode. There are people that would come to PI just for the weight loss. Details?
Just watched your video with Dan. I was so lucky. Meet my wife of 23 years now via pen pal mail pre internet. Came to meet her personally in 1998. Moved her to California until I retired in 2010,when we moved to Bayawan area. Brought two Children, a kindergartener and an infant. Wife was/is a gift from God. I now look back over the past 23 years and realize how lucky I was. I could have been so wrong. But you guys are so right. Especially about the money.
Best advice is use common sense when you travel and NEVER ever let go of your hard earned money! Rent and DON'T get into any mortgage as a foreigner, walk away in times of trouble, and ALWAYS have backup money to ESCAPE any situation!
I recently had a pretty bad motorbike accident in the Philippines where I broke my collarbone and had multiple rib contusions. Plus, some nerve and muscle damage to my shoulder and back. The surgery involved 2 doctors, plus anesthesiologist, multiple x-rays, EKG specialist, blood and urine, iv and pain med drips, antibodies drip, 3 night's stay at a private hospital, etc, etc. Total cost was just under $2,500 USD. My BCBS insurance was not accepted. No pay...No services. Dropped a 60k advance and things got moving really quickly. I am 55 years old, I had written bikes since the age of 14 and never had an accident. Anything can happen so be prepared.
@@agent.86I’d rethink Guam hospitals. It’s pretty near third world country levels now. I was just there last year. The hospital has mold, they found a massive snake in the ceiling and not enough specialists. Take a visit and see for yourself just to be aware.
@@emmalee9747 there's mold everywhere in the Pacific and Guam hospitals and Saipan take USA health I sureance and there way better then the Philippines
Sorry to hear about your accident! As a frequent rider of a big bike, I have been fortunate so far to never have been involved in any motorbike accident. Also, I am in the habit of wearing full leather gear, irrespective of the outside temperatures...
Could you briefly elaborate on the reasons why the hospital declined to accept your BCBS insurance stepping in for you?
I'm confused, the total cost of everything for you was $2500 but you had to pay a $60k advance to the hospital?
@@MrSean03839 There was no dollar sign in front of the 60k, it was Pesos, equal to about $1100 retainer.
Everything is temporary in life. Always have a plan B. Help the one you love as long as they are trying to solve their own problems, but don't take on their problems. Live within what you can afford. Leave your white knight behind.
Well said❤❤❤❤
Very true. You can’t save everyone.
perfect advice!
Sage advice
You voted for a PUSSYGRABBER in USA as PRESIDENT.
Ah yes, when I began a relationship with a Filipina in Bohol 16 years ago (2007), a British ex-pat and business owner there took me aside and told me that I should be aware that, when you begin a relationship with a Filipina, there is an unwritten rule that you will be expected to support her family, even her extended family. I struggled so hard to keep this business at arm's length but, in the end, I returned to Canada 6 years ago (2017), bringing her with me - so demoralized, distraught and depressed over the never-ending expectations and demands! (Well, at least I survived it relatively unscathed while many other foreigners ended up bankrupt)
Now, back in my home country for 6 years, I am unhappy that the Canada I knew and loved as a young man seems to have disappeared; overtaken by a culture of greed and dog-eat-doggedness. It's as if there is no room for a senior citizen with a very modest pension to enjoy life, even a little bit. And so now, your videos have got me thinking of returning to the Philippines. A scary and unsettling thought! Still though, you are quite a character and I really enjoy your videos. It's like having an old friend I can relate to. Thank you, Paul, old dog!👍
I agree! Get back to Asia and rent.
@@martinpeacocke8968
Thanks a lot for your response and your encouragement, Martin. I seem to have misplaced my rose-colored glasses though. After 10 years of seeing and doing it all in the Philippines, I cannot think of any place there that lights up my heart enough to prompt me into packing up and leaving Canada. If only I could find a place where I could spend my days swimming in the sea, fishing, growing vegetables, cooking and writing, somewhere where I didn't have to listen to roosters, karaoke and people making a lot of noise ... then I think I would be happy as a clam. About the only place that has any appeal to me is Siquijor. And yet, it's as if some kind of deep melancholia has grabbed ahold of me and it just won't let go. Well, perhaps one day, It will pass.
Best wishes,
Grinnie, the old storyteller
"Better than yesterday, worse than tomorrow"
Mexico is just a hop skip and a jump away from Canada.
@@terryquinn7765 I've never visited Mexico, Terry, although I've lived in Jamaica, Bahamas & Grand Cayman. Perhaps one day, I'll go and have a look! Thanks for your suggestion.
The last 10 years Canada is gone. Not the same place to live. Only for the wealthy.
If you do buy property in the Philippines, it's best (in my opinion) to buy in a subdivision. These places are usually developed by wealthy (and connected) Filipinos who will not let the value decline. You also should not have a problem reselling them since they're usually in good areas and are a symbol of high status among Filipinos.
You cann't buy property that attacht to the land if you're a foreigner. You can buy apartment or condo but not lot..
@@MsVroege I meant if you buy and have a wife (and most guys marry a girl here sooner or later). I wouldn't buy apartments or condos personally.
@@scottandrews947 Why not?
@@TheRgordon16 When I did some research into buying a condo in the Philippines I was told that as a foreigner since I would only own the unit and not the land it was built on the owner of the land could decide to tear down the condo and build something else on the land and I would not have any recourse as a foreigner.
Last thing to do is to lease the property real estate off your girlfriend at 25 years with the option another 25 years That's legal in the Philippines before you marry or if you don't get married that way she can't kick you out
Paul, this is the most amazing discussion you and Dan have had on your channel. Plus, your humor, sarcasm, and puns are second to none. I never miss a podcast and always look forward to more. For that I say thank you!
Good job guys.
I agree. This is quality UA-cam content
“My wife said there are two things that she hates about me. I don’t listen… and something else.” 😂😂
Great info from both of you, I am now 72 and have lived here in the Philippines for 32 years and have gone thru many of the issues you both talked about and I learned many lessons over the years living here. I agree with both of you about renting a place to live instead of buying, but like you stated Paul I also bought a house here for my wife's future because she had a bad stroke back in 2005 and I wanted her to be set for life when I am gone to the stars. You both have great UA-cam channels but together your even better. Thanks for great info here
Wow you started retiring in the Philippines at 40? Wow
@@1966bluemax Yes I retired from the US Army in 1990 and moved to the Philippines and actually I was still 39 at the time
Maybe your comment is for another because I don't need any training I own a house and a condo and have lived in the Philippines over 32 years, but buying is not so good for many expats its better to rent for some.....@Midwest10
Thanks Paul! That was fun. :-)
Should be against the law, I had such a good time
I really enjoyed listening to these two gentlemen! They seem like two guys you can hang out with and "shoot the breeze" in a casual atmosphere.
Thanks!
Great video, guys! We have friends that had a house built in Minglanilla Cebu about 6 years ago. He is retired American she a Cebuana. Apparently, the neighborhood had to sue the developer to finish the project he hadn't proved the amenities on the original plan. The house cost them probably 250k US..The problem is real estate is not like in USA. The values are all over the board. So, getting you ROI may never happen. I M lucky because my wife already had a house and property when I met her. Any improvements she has made she has paid for. I would say for a foreigner tread very carefully buying in the Philippines. Cebu city condo prices are absolutely ridiculous. Renting is definitely the best option. 👌
These two are best voices of reason for life in the Phillipines.
In Costa Rica a can of Campbell's Tomato Soup from the US is $4. Meanwhile a can of Maggio's Tomato Soup from Mexico is 55 cents and twice the size, better and without all the preservatives that will embalm you Pre Mortem. Glad you brought that one up.
Hello gentlemen. With all the firsthand life experiences on the ground with respect to this podcast, it’s very educational and informative specially viewers from the U.S.. Yes, i am a U.S. citizen, 63 years old, married to a professional Filipina for 25 years until she passed away five years ago. I am pretty much aware with the local culture, customs and traditions; including real estate, businesses, health services and other areas of concerns. Absolutely agreed to avoid using fishing rod to catch fish online, 99 % you end up a line without a hook. Great job gentlemen. Stay safe.
I rode my bicycle across India
I ran into an American who was retired in India. He inherited $150k and moved to India. I stayed in touch with him for a few years. Last time I talked to him he said he’s running out of money.
Drinking alcohol everyday
The good life 😂
@@markalejandrox
India is cheap. Alcohol is expensive
Great advice Paul! That's my plan to rent and so I can be mobile and move as I please. However, I do own a townhouse in Suburb of Manila. But I don't plan to live there. Foreigners should consider just rent.
If you do read a condo are you plan on buying a condo avoid HMOs
Hopefully U.S.Medicare will be available in the Philippines soon,.So text your congress representative in you state to make it happen.If The bill in Congress passes it will be for for a 10 years probationary period.The bill has not passed yet.
Very great points! Agreed completely! Rent and stay fluid.😊
That's why I invest in first trust deeds. You don't have any of the haste of renting out your property. You get plenty of return (7 to 12%) and a very safe investment that pays you interest every month.
If you're not going to own a condominium or group of condominiums the best is to lease to hold that way 25 years plus option another 25 years and you can't be kicked off the property and you could do whatever you want with the property put rentals on it whatever a business
Paul, great interview. Both of you guts provide honest information, and it's much appreciated.
Guys not guts auto correct sucks
Hi Paul enjoyed this video like all you do... I messaged you told you I just physically got engaged 1 week ago in Manila and sent some photos.... I've known Jen 2.5 years and things are great, the only down side is the heart condition she has but will have corrected at Mayo Clinic here in Rochester MN.... she actually gets mad at me when I spend money on her... wanted to take her shopping for her birthday to get a new outfit.... she flatly said no because she likes thrift stores.... for her birthday dinner wanted to take her to Viking Buffet and even though her meal was free.... mine wasn't so she wanted left over pizza in our room... the 3 biggest things we did was get matching T-shirts from Hard Rock Cafe... but didn't let her see the price till it was to late to say no... but when she found out all she would say is that is 2 sacks of rice.... a Gondola ride at The grand canal mall and saw 2 movies.... as mentioned she has a heart we want to get corrected after marriage... and I can hear people rolling their eyes thinking she's using him she's probably not even sick... I wish with all of my heart and soul they was right... she sends me receipts for her meds and doctor visits as well as test results and most recently a letter from her Doctor... Jen had Rheumatic fever as a child and parents didn't take her to a doctor so Now Mitral Valve Damage his most recent letter said hoping the Doctor in the US who will do her surgery can do a mitral valve repair rather than replacement, but what made my jaw hit the floor its the first time he said she is in heart failure.... scared the Hell out of me.... im gonna do what ever I can to expedite her visa so she can hopefully have successful surgery and complete recovery anyone who would like to offer a prayer for her to God appreciated.... she's a beautiful woman inside and out and I really don't want to lose her this close to finally getting married
MVR repair can be a routine surgery in US. With improved flow the heart can improve. Some weakness will remain but hopefully manageable and she’ll do well. Godspeed brother 🙏🏽
This was a very good collaboration video Paul. 2 of my favorite vloggers.
Glad you enjoyed it
Great interview, packed with great stories and information. Thank you. 👍👍👍
Glad you enjoyed it!
Paul- This was a very well presented humanly video that many already know but all in one video and presentation in this world is everything. Great job to you both.
Wow, thank you!
In Switzerland and other countries in Europe you can't buy a property if you're not a citizen.
Note: Campbell's can soup is approx $2 where I live in the prairies of Canada 🍁Ridiculous! So buying it in Philly for that much I can do without complaining lol
“Know what you are walking into” That is a hard one, many timesI thought I knew what I was walking into…..
Hi Paul, One of your Best, if not your Best tube casts ever. Very smooth and extremely
Informative.
Lucky Ace Las Vegas re met you again at the water front Diner.
Great video Paul! I think that the throwing money at problems is usually part of that "instant gratification" culture here in the USA. You remember the rat race yourself, and I can tell you that the rats are slowly creeping ahead! We are already running as fast as we can and can't take on another issue, so it's much easier to pay someone to take care of that issue for us. It's costly and wasteful, but if we can save our psyche from another hit, we often consider it money well spent.
Now for the thing we can't see (I hope you make it this far to this comment). It's something you've tried to share with us over years on your videos. It's that we don't need keep up with the rats once we are in the PI. It's that we will be able to take a deep breath and decompress even though life in the PI is different from the USA. You are sharing your views of "peace of mind" and what that can look like for you in the Philippines! I look forward to being able to throw off my burden and just take a deep breath and be in the moment! I think that's the most important lesson you've shared/taught us!
Great comment! I'm almost in the same boat. I remember Paul made a video and said this about himself, wanting to be the Hero, helping people! I caught myself doing that on dating sites, and yes, they found I was kind, so they thought I was weak and they took me for cash but if it helped them. I'm alright with that, and I learned another valuable lesson. I've message both of u guys a few times, and Paul never comments back! I probably pissed him off at one time. So I completely quit commenting on his channel! But watching these last 2 videos, I do realize Paul does things he says he didn't. There's a word for that, but my spelling is wrong and will piss Paul off more! Dan always replies to my comments. Thank u, Dan! I must admit, there's so much wisdom in both videos! Of course I didn't say advice, Paul. Although there's more advice from both that is important to new guys going for there first time in candy store of Philippines! We could use more types of these videos! Second time I've edited. I keep thinking about everything that was discussed. And in first video u guys laughter was most revealing! Showed u guys having chemistry and laughing at ur lessons! Thanks again!
I'm 66 and live in SW FL. I rent now after divorcing and although pay a high rent owning a home here is no picnic here at this time. High prices...high interest rates....homeowners and flood insurance costs through the roof...ongoing maintenance costs...and as an example pennies on the $ paid out for Hurricane Ian damage...when something goes wrong I put in a maintenance request and it's taken care of. Thanks for sharing these fails.
I just moved from SW Fl so I feel your pain. I am moving to PH in a few months and cant wait t to get away.
@@robertnunn3015 Here is a little FYI, I have a friend who was married to a pinay, they divorced and he is now having great success in Columbia.
We sold our house 6 miles from the beach in SE Florida when our homeowners insurance went up to $7000. Plus they’re only insuring houses that have roofs less than 10 years old. So, we had to also replace a perfectly fine roof to be insured. That and the politics that are in your face everyday. It was enough. We sold and are now retired and renting in Mexico.
And property taxes gone up as well
I think I'll just stay in the states.
I don't want to be a guest on one of Paul's Jerry Springer episodes
Great advice guys ,
Glad you think so!
When all this started. 99% of the 'vloggers', where painting a paradise place with angels..... and many lonely men, gulp it down like a dying man in a desert. It is nice to see that the truth and reality is being spoken lately, but fools and desperate lonely people, will always exist. Hopefully videos like this one, will help many from destroying themselves.
Hey I never paint them rosy Paradise is nowhere on earth is a paradise like in heaven but you can have a good life a good retirement you got to use common sense you got to find a woman that has common sense and a woman old enough to know what the hell job is he going to a job daily paying bills and having our own place to pay for
@@hillbillyintheasia6122 I don't know about you, but many others have in the past. Every place has it's bad and good, some have more bad then good and others the reverse.
I came to see you from Dan's channel Paul!!!
I'm retiring in under 2 yrs !!!! Plan on touring around a bit I love the crash and burn stories !!!
The question of rent versus purchase depends on your income and the price of property. In my case, even very cheap rent would swallow up most of my income but it was a modest outlay to buy a property. I had the cash to buy the place so there was not a question of getting into debt.
Good point!
Great Video!!! I enjoy so much watching the videos of you and Dan talking together like this. It was nice this was done inside a house where it's quiet - lol
Our pleasure!
Thanks for sharing I want to be like you when I grow up 😁👍
Hi Paul from Panorama city California good followup interview
Thanks for listening
Buy a condo from the developer... I paid 2.4 m and I have been in it 11 years. Thats about the time the rent receipts is the same as the purchase price. We are NOT to buy land...
I think buying a high end condo in Metro Manila, like Makati, or other new cities, could work well, in the long run.
The problem with owning a condo is you don't own the land and if the person that owns the land sells the land to a new owner they could tear down that condominium
@@hillbillyintheasia6122 That's not true in US, as the Condo owners own the land; most countries that restrict foreign ownership, allow a percentage of foreign ownership of condo developments.
@@hillbillyintheasia6122 The laws on this, in Mexico have changed dramatically, now American's can own condos outright.
@@bodyloverz30This is true in the Philippines that many condos are not owned and are on leased land for a period of time. This is also true in HK. you have to make sure the condo is not leased land that it’s built on otherwise if it’s near its end of lease you could be out of options in a few remaining years.
There are some condos in the Philippines that are not on leased land so it’s the condo owners in control. Bad things with condos are fees are always going to escalate as the property gets older due to maintenance and upkeep, insurance will climb, sure prices will go up but it’s not that a great resale market with newer condos offering special deals for quite a few years that are attractive to short time buyers. Rent is a great option if you get the area you want but still a hassle if you need to move yearly.
@@TheTruth-dy8ze My Miami Beach Ocean condo, was $580 monthly, 11 years ago, now next year it is moving up to $2,000 a month: a cool $24,000 annually.
Old Dog and World Traveler:
Tks. much.
Thanks Paul for a great insight into the common mistakes people do when relocating abroad to live a better life. Love your personality, simplicity and words of wisdom. I’ve watched part one of this conversation on Dan’s channel.
The biggest train reck might focus on men’s clothing styles as going tropo seems to be the modus operandi
Great interview guys,thank you both for your info.
I've lived in Thailand, Philippines and Mexico. I was happy in all three countries but would not own real estate there. Compliments to folks who do own property, but it's not for me.
Dan is a legend in the travel space ……
The regular can of Campbell's chicken noodle soup is about $1.20 in the Navy commissary here.
Not in the Philippines it would cost you three times that much at least double because it's imported and they are tariffs on it
You are mistaken. Campbell’s soup small cans are generally between $1.79 and $2.50 right now in USA. I got a great deal today at 4 for $5.
Did you know camel's soup is imported and they add a tariffs You're going to pay double sometimes three times as much for the hamburger or the pork chops The American brand
You are talking about finance and government stuff just thought you would like a song called " Rich Men north of Richmond " 👍
Hi mate, Many thanks for sharing another great video. Hope you are well.
Im surprised that I've never seen a vlogger mention something that was one of the first things that came to mind for me. After a few months i googled private investigative agencys in Ph. I found one that seemes to specialize in background checks in these sort of relationships They confirmed everything she had told me about her was true. Such as marital status, children, living arrangements, workplace. Etc. Plus criminal background check and even asked neighbors and coworkers about her character and her family's character. It greatly reduced my doubt and skepticism.
My buddy and I own a lot, via our wives, on one of the Camotes islands.
We paid $3,000.00 for it, 6 years ago.
This winter I will check to make sure none of the expats who built around our property have infringed on us.
Judging by the pictures my buddy’s in-laws sent, we now have utilities close, plus a nice, paved road! 😅
We paid for a survey, and have official title.
It's not just expats that will be close to your land locals will claim that part of your land as well
@@hillbillyintheasia6122 My buddies in laws are saying all the construction is by expats, in our situation.
Fortunately, we have official documentation, as well as a legal survey.
Another great video sir and looking forward to seeing the next one
Mighty nice of those grandparents to give their house to the grounds’ keepers❤
You guys are very knowledgeable and professional about the things that can go wrong in the PI. I can’t wait to retire in 7 years from now. Thank you for the smart tips and suggestions. More power to you both. Thank you thank you thank you❤❤❤
I will definitely not be in vacation mode 24 seven.
Even though I can afford it, that kind of shit doesn’t interest me .
This was a great discussion. Glad you guys got together for this and collaborated very helpful information. 👍
Preach! But I understand....
Hard barn about buying land in the Philippines is the woman owns land and if she says hey I don't want you here you lose the land the house or business and same goes with our business is 60/40 so at any time she can sell it without your even knowing about it
I enjoy watching you separately but together you guys are great! ☺
Hey Paul. I might never live in the Philippines but I love the people. Also, I love your videos they usually make me break out into a big smile. Thanks.
Glad you like them!
You have not been financially ripped off by Filipinos. After you have, you will not like them anymore. Not just one, but several disappointed me and it cost a lot of money. No monkey wife for me!
I’m chomping at the bit to retire from my job, looking for that right time. This job allows me 6 paid weeks vacation that I religiously take. The paycheck/benefits leash of my career pales in comparison to the statement “vacation mode is more stressful than normal mode”. It’ll be there tomorrow. I can watch the two of you all day. The older I get, the greater I was……. That fish is now in the rear view mirror and is no longer in front of you. Meeting the both of you is now on my bucket list.
Cambells chicken noodle soup 11oz can costs $2.29 here plus 10-12% sales tax in central louisiana
Paul... Thanks for the honest info. I contemplated moving there and have concluded that I have a renewed interest in remaining in the U.S.
Hey Paul, great channel! I've watched dozens of your videos (and others) and I don't think I've heard anyone talk much about financial support for the wife or girlfriends family. Perhaps a lot of guys have no idea about that or what they should consider giving the family when they are in a relationship or married. That might be a helpful video to watch. Thanks for all your fantastic info. I'm going to Thailand in November for a vacation and check out retirement options there.
Don't give til it hurts. Also don't give so much you Weaken them, IE that they retire because you gave enough that her 30 year old brother can stop working.
Two great youtubers....best info ever
Wow, thanks!
“ultra sound” was the word you were looking for. Great vid! 👍
Good interview. Thanks.
This was great! Just a couple of great episodes. Thank you both!
Enjoyed the video. Entertaining and informative.
Very sane and sensible advice Paul and Dan❤❤❤ more power to both your channels guys, stay safe and God bless 🙌 🙏 👍 🍀
Great great video! I subscribe to Dan’s channel also. Great couple. A lot of wisdom here. Thank you Paul.
This conversation is very helpful and right on !! Love the two person format.
I was in the hospital here private one spent 5 days severe case pneumonia. With pacific cross i paid around 3k usd total out of pocket. Issue was had to pay before discharge so had to sit at the atm and withdraw 10k peso at a time. That 10k limit such pain lol. Anyways, i pay 120 a month for my pacific cross i think it covered about half the cost. So no insurance you’re looking at 6k now for a private room hospital bed and er visit and test etc.
2 of the best sharing there knowledge. Thanks Paul and Dan
I would wait till I moved there and talk to Paul before trying to find any women and make sure my life was on track before getting into a relationship. Am still not sure what to do, but if my rent goes up, I may decide to move to the Philippines and give it a try. My income right now is $1800 a month and I keep things simple. Hope you're still there at that time, Paul because I know ill be lost, lol. I was in the automotive biss as well and work the same years in the same part of town as you, Paul. Thanks for the video, Mike
1840 will put you in upper middle class based on a Filipino income monthly middle class is $89,000 pesos a month for middle class in the Philippine
hello from Algarve Portugal. very good advice about property and relationships, vacation mode.
Cambells soup is almost $3.00 a can where I live in Maine
1.78 los angeles ca.
Campbells is salted flour soup.
Who cares?@@dotconnector76
Campbell’s soup is about $4.00 a can here in Alaska or 3.00 if sold in packages of a dozen
Less planning means less goals, means less stress in achieving goals 😆🍻
He has said elsewhere that one needs to change their way of thinking from consumption to retirement. Time is now not money.
Relax and go with the flow.
Homer Simpson said Trying is the first step to failure.
My feeling is the key to longevity in life is to keep moving and doing things that you love and are fulfilled with. If you can find that balance and live your life stress free that is the dream. Don’t take on the debts and problems of others. You deserve better than that.
My wife went on vacation there in the P.I. for a month and after day 2 she could not wait to get back to the USA.
the wife has it so so much better in California than back home. total freedom to drive around, make close friends, have get together lots per month, make filipino food. Go to the stores and buy food cheap. live in a house with nice furniture, tv large screen, drive new car on clean roads. Get a job and earn a living, help her family out. On her vacation it is a daily chore to feed all the people. Nothing to do but sit around on cheap seats and suffer the massive heat, ride crap town trikes hand wash clothes, the reason the ladies want us so much, not because you are fit and handsome to them. fat old men...
Sad but truth! perfectly said. Great information for everyone 👍
I believe even well thought-out plans and budgets from expats probably do not include emergency medical funds. That is something I do not hear people talk about when they talk about cost of living overseas or even if vacationing overseas. Thats a great point guys !!!
If your vacation and you can get travel insurance it's very easy I can get $165 a month full coverage for emergencies even for dental classes prescriptions and regular doctor visits
I feel that people can always get a proper address, legal name and a current photo; then notify local expats and ask for help with confirmation. Why not protect your families heritage, whether abroad or not.
Paul how to you acquire maintenance prescriptions in the Philippines? I have some medications that I will have to take the rest of my life.
Just bought campbells soup last week on sale for 99 cents in Phoenix Arizona
So many guys object to helping out the family. Bruh its like 1-200$ a month
Very good price to buy goodwill from the inlaws
I'm really glad that you two met. I remember suggesting to Dan to contact you regarding and American Dan met that was having a difficult time getting back to the USA. That was about the same time Paul met the ambassador and asked Paul to be a liaison for Americans having problems in the Philippines. I know I was not the only one that suggested to Dan to contact you Paul. My understanding is this man was able to speak to people in the embassy and get back to the USA. Anyway thank you guys for your content. Tom
Enjoyed the podcast as don’t listen nearly as often since living here. BUT, my feed was like commercial interruptions every 3 mins….but much. And yeah, I know, skip as.
Great video guys. Some very useful advice.
Campbell soups are in the $ 2.69 neighborhood as of last week's shopping trip..
Paul, luv this but one very important thing. You can buy a Condo and own 100% of it. BGC, along with Cebu as an example. The values in BGC are increasing yearly, like in the US boom days.
Do your homework guys. The ladies aren't going anywhere. Slow down, there are more ladies to chat with and the Philippines are amazing! There's no hurry!!!
Hey you guys are very funny together.
You should do more videos.
Maybe a trip to palawan.😂😂
Paul you are comedy gold and informative and interesting with your channel a great source of entertainment 😎😇🎯
Paul if everyone in the world was like you, this world would be a great place to live.
What is your exit pln if SS sohuld suddenly go belly up
Hence the emergency fund... always have to have an emergency fund!
It won't.
@@scottandrews947 because you can predict the future, right?
@@DoubtingThomas333 No. I just have common sense and understand human behavior.
@@scottandrews947 wow. You are a genius about everything aren’t you. Typical libtard who thinks they’re always the smartest in the room but just spews bs 😂 we belly chuckle at you people
Enjoying your content Paul...you should do stand up at your local saloon...I will pay up front to see you.😅
Maybe one day!
Great insights into how life as an expat is. Thank you! I subscribed to your channel now even though I know living in the Philipines would be all my nightmares coming true. ;) Still your experience often is not tied to the country and applies to every foreign country one wants to live at.
Greetings from Germany from a guy who thinks about retiring in Spain.
Renting isn’t always the easy way out to no stress. Condo investment in the right area can be a great idea, especially if you’re renting it out over the holiday season or re-selling in 5-7 years so as to not use all your savings/equity.
Stay away from HMOs most you can buy on condo in one condo development is usually five condos cuz that's usually set by HMOs
Wrong. Your lucky to get $200 per month off the rent. Not worth the risk
Very refreshing Paul, like always. Thanks for a great time and cheers from Panama
My pleasure!
This is another really great video on a really important topic. You are my hero!
I've been subscribed for a year.
Lots of information is given in an entertaining manner. 👏
Then, on one episode, Paul casually mentions he dropped 40 pounds since he arrived in PI. 😮
This is worth at least an episode. There are people that would come to PI just for the weight loss.
Details?
It’s likely the heat lol😅. I lived there when I was in the USAF and was down 27 pounds. It’s literally like a spa. 😊
Thank you for the genuine words of wisdom fellas priceless guidance and advice for living and loving through life anywhere greatly appreciated
Just watched your video with Dan. I was so lucky. Meet my wife of 23 years now via pen pal mail pre internet. Came to meet her personally in 1998. Moved her to California until I retired in 2010,when we moved to Bayawan area. Brought two Children, a kindergartener and an infant. Wife was/is a gift from God. I now look back over the past 23 years and realize how lucky I was. I could have been so wrong. But you guys are so right. Especially about the money.