🇵🇭 ❌ Buying a condo in BGC/Makati? WATCH THIS VIDEO!❌ Before you buy a condo in the Philippines!!!
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- Опубліковано 5 чер 2024
- Please watch this video before you sign a contract to buy a condo in Bgc Makati Boracay, Cebu, anywhere.
. #bgc #philippines #makati #bonifacioglobalcity #boracay #expat #passportbros #manila #cebu #elnido #digitalnomad #roi - Розваги
Although location makes a difference, home prices have gone through the roof all over the US as well. So did interest rates on loans. Jasper you’re absolutely correct on your assessment re ROI. People should learn about ROI if they wanna invest in real estate. Never ever buy out of emotions, be practical instead. Do the numbers. You’ll be glad you did.
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I found your video very interesting. The condo market has changed over the past two decades and is not as favorable as it once was. My wife and I purchased a 98.75-square-meter (1,065 square feet) two-bedroom, two-bathroom condo at Robinson's Manila back in 2003 for 6.4 million pesos. Our unit is a couple hundred feet above a mall. Similar units in Makati were almost double the price. We lived in our unit for two years and rented it out for 8+ years for 45,000 pesos a month. During those eight years, we had two long-term tenants. A wealthy Chinese family and middle-eastern businessman. 75%-80% of our housing loan was paid by these tenants. I agree with you. The condo market today is overpriced and not of the same quality as in previous years, when my wife and I purchased.
Absolutely Buying, outside of Makati and Bgc and Buying 21 years ago was definitely the move. Today it simply doesn’t make sense.
I bought a condo in America for $120k . I am not spending double in Manila.
Wow
Cheaper price!!
But America is a suburbian nightmare. I agree with him that BGC is quite overpriced now but BGC's convenience from everything (from hoispital, malls, resturants etc) accessible by walking is nothing short of amazing. In BGC, you dont need a car. If BGC cost around ~180K usd, I would get it in a heartbeat than a 120K condo in US. Comparing american condo to BGC is apples and oranges. There are reason why its only 120K.
Thank you, Jasper. Good information.👍
You’re welcome
Many condos are purchased by Chinese and left empty. It’s a place safer than a Chinese bank account to store money. As long as this continues prices will remain high sadly.
We will see
Thank you for your valuable advise.
You’re welcome
I've been a landlord for 30 years here in Dayton, Ohio. What you say is exactly correct.
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You get it! I lived in BGC One Serandra East tower. Paid 88K a month or about 1600.00/month. It was a nice unit at 82 sq meters. Those units sell for about 30 million- or about 500K ( all rough numbers) I moved to Cebu, have a 190 square meter oceanfront villa gated/secure beautiful view for 70K/month or about 1300.00/month. These units sell for abot 25 million or about 450,000 USD. Now, I also own a rental home in USA. I have always owned my properties. I would be a complete IDIOT to purchase these units at the price they sell for. It makes NO sense. It would take over 30 years just to break even at best. I wont bore you with the numbers breakdown as pretty easy to see the overpriced sell vs rent ratio. I own a new house I bought in Texas for 300K I rent it for 2,400.00 a month. Paid cash. Now that makes sense--- Thanks for post, very accurate and sooooo true. DO NOT BUY HERE_ just rent.
Wow, email me the name of the Villa. I wanna be your neighbor in cebu!!!!!!
@@JasperinthePhilippines Hey Jasper. LOL. I dont want to advertise my exact location for obvious reasons. But just search ALL ( hint) Cebu areas for oceanfront condos and you will find it.... :-)
Email me. It’s in the about section
It's worldwide men everything are overprice.
lol
Great info dude........
Thank you
An investment should yield a return. Otherwise it’s just a place to live.
Exactly
Spot on. . . Love your videos, specially the ones on the pros and cons on Real State, and I like the idea of renting it gives you more flexibility, depends on what you want really, cheers from Sydney
Thank you yeah I’ve moved around so much even within Manila and had a place in Boracay in the last two years buying something you’re pretty much benched and there is no ROI so I don’t look at it as a smart investment currently. 🫡
@@JasperinthePhilippines Yep. . . If anyone is going to buy, I say wait a little bit longer, I feel a market crash is just around the corner, and not just in the Philippines, cheers mate.
Yeah, it’s already crashing quietly. By way of people that bought from the developer for 10 million a year ago selling for 6.5 or 7 million in both Bgc and Boracay that I’ve witnessed. But it’s all kind of hush-hush. The developers are not admitting defeat and there’s a ton of vacancies and yeah, I know of some great bargains right now, but I believe it has farther to fall to be honest with you.
@@JasperinthePhilippines Don't you love the honesty of those developers, even if their world is crushing around them, they still tell you it's the best investment ever hehehe, you'll never hear, "No it sucks don't buy it", heheheh cheers.
Of course not the agent you’re talking to desperately needs the commission I’m I was talking to a girl in Boracay about a condo and I said it sells for 10 million but it rents for maybe 40 K and she goes oh no you can just rent it for 80 K and I said how am I gonna rent it for 80 K when everyone else is renting for 35 to 45 like it’s called COMP 😂😂😂😂😂
The prices of real estate and condo in the BGC, Makati are simply ridiculous!! I am a Filipina nurse practitioner in the US but I've never been a fan of these condos in the Phils.
Ya Im from the US I’ve been living here 2 years and purchase price of these Condos is beyond laughable.
Why buy when u can rent, don't have 2 be stuck.
Exactly my thoughts.
If you have good savings or a tiny amount of money coming in, you can just move around different condos, different cities, different beaches, neighboring countries
When you buy you basically have to buy cash or pay it off within three years and then you’re stuck if that was the bulk of your money
@@JasperinthePhilippines exactly, buy something then get tired of it u still gotta be there.
Exactly if I buy something, I’m gonna have to spend most of my money to buy it outright so then I’m kind of stuck. What if I want to move to ⭐💫cebu or Thailand or back home or some shit?
what you say makes lots of sense, good info
Thank you
Good talk on the issues with buying a condo and renting it out for BGC/Makati Philippines and I agree with everything you mentioned. I'd also add another issue for foreigners owning condos is the "skin tax" associated with repairs & remodels. I'm sure the foreign owners are charged more for stuff like that. I also suspect the HOA fees that the owners have to pay rarely has an appropriate amount of money set aside in reserve for structure repairs & maintenance when needed and likely is just pocketed.
Yeah, exactly anytime you’re doing anything even if you have your Filipina at the forefront when they see you, the price gets higher when me and my girl have a maintenance man come by if I’m there the price is obviously tripled. If we try to hail a trike in Buckeye, the prices obviously gonna be tripled. It’s unfortunate but all you have to do is say no and some people some trike drivers. Some construction guys are honest and nice, but as a general rule, you’re looked at as extremely wealthy so the quote is always going to be higher. If you’re paying somebody by the day, they will work very slowly, knowing that they’re making a very small amount amount of money for the day so they will make a job that should be three months take a year.
Yeah, many of these complexes are not properly maintained even though you’re paying you 6000 10,000 a month and association dues. You’ll look at the outside of the building or even cracks on the inside.
@@JasperinthePhilippines I learned this early, Jasper, and that is stick with the name brands of real estate developers.
Yeah, you get what you pay for so if you buy a condo in Manila for 3 million pesos outside of Bgc, you’re gonna be likely to see cracks inside and outside of the building and just all around Maintenence not doing well but what do you expect you know when you pay $50,000 for Condo when you get into the more expensive type of condos like uptown Parksuites tower two, for instance it seems to be holding up But you’re gonna pay it was 9.5 for a studio in presale and currently at about 13 to 14 for the little Studio types
It was ok for those who got in early like in 2009 2010 and held on. Yes I can see your point where the unit price more than doubled but rents remain more or less the same.
🎯 exactly right. Unit price 110%. Rent up 20% wtf
Good for renters but yeah.
I’m looking to buy a condo in Manila but the main reason why I am thinking of purchasing is because I would like to stay there 6 months out of the year when I retire. What specific things should I pay attention to when looking for a condo not necessarily in BGC or Makati unless the price is right. I would be glad to pay for consultation if you offer that sort of thing.
Yeah, I suggest buying outside of Bgc and Mikati perhaps Eastwood ortigas or Quezon City. Pay attention to the wear and tear and the upkeep of the building and if it looks cheaply slapped together or like some thing that is being maintained properly and is well built. Pay attention to the association dues and you can certainly get much more square footage outside of Bgc and Makati for a much more comfortable place. Many of the areas bordering on the super expensive Bgc in Makati are only a five dollar Grab ride away from them. Also, you can always get food delivered from any of the good restaurants with the Grab app so if I was going to buy I would certainly do what you’re thinking about doing by possibly going outside of those areas.
Thank you Jasper. I appreciate your feedback! I’m looking to go back to the Philippines the day after Christmas to take care of some business with my brothers and will look at condos while I’m there to get a feel for the real estate market. I enjoy your content and you talking about real estate there in the PI is very helpful to me and others. Keep up the good work my friend.
All good. You’re welcome
Look at the list of units the building has For sale and see what the asking prices are. Admin office should have it displayed in the lobby somewhere. They reveal how the sellers value the units they’re trying to sell.
Pasig and Mandulayong are areas to look
Thank you for this info. Sounds just like the US. I certainly don’t mind waiting for a better deal. I was looking at buying a condo in Cebu last week.
I realize the condo thing isn’t my gig.
I like to build custom cars and motorcycles.
I’m thinking about a home on leased land? or small farm now. Thank you. Smitty.
Yeah, you can buy a home under a Filipina name or start a corporation but make sure you get a good lawyer or you can do it in a Filipino name and then lease the land back. It’s a bit trick.
All good bro you’re welcome
Hey Jasper,new subscriber here.just want to say your video is very informative. I'm a balikbayan,been away from the country for more than 20 years,in my 50s,single.been staying in hotels and condo since I arrived.you seems to be very knowledgeable about properties in the Philippines. Just want to ask you who I can reach out to find descent(western standard)affordable accommodation in bgc and boracay.budget 40k per Mos.all in.any recommendation will be much appreciated 😊
Email me. It’s in my about section of my channel
Thank you for this info. Was considering getting a condo in BGC to AirBNB and hold as my vacation condo.
You’re welcome
Very true. The Philippine vertical property market is dominated by large corporations that dictate the prices as they please. You can't rent out your property at 1% of the market price, not only in BGC and Makati but in the whole of the Philippines. We live in our condominium unit and we could not believe that owners here would rent out their unit for 0.5% or less of the market value or only half of the monthly amortization of the unit. It's ridiculous.
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The price follows the law of supply and demand. The price is set that way because people are willing to spend. People with money like to live there, and people without aspire to live there. Safety, Cleanliness, classiness, and accessibility are its strong points. You're not only buying a property unit there and its surroundings and convenience. that's why the high cost.
Incorrect the prices inflated that’s why owners are doing many many many desperation sales.
The value simply isn’t there. I’ve lived in Bgc for a long time if you’re a scared, senior citizen and you want to pay a quarter million dollars for 400 ft.² including the balcony go for it, but the value is not there. We’re due for an adjustment, you will see.
Has nothing to do with supply and demand. These condo buildings have up to 50% or more vacancy. Has more to do with rich Chinese investors inflating the prices having the money to sit on these properties that are vacant
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The Suplly clearly outweighs the demand tons of vacant units tons of low occupancy 😂😂😂
Very well said and explained 👏 👍 facts told
Thanks a ton
Agree with what you’ve said here, with the one modifier that your assumption seems to be that there will be zero asset appreciation. If the condo goes up 25%+ in a few years, that’s a game changer. 💰
However, for me, at least, that’s still not worth it. The freedom and flexibility of being liquid, mobile and unencumbered cannot be beat.
(And yes, I’m saying that as a US homeowner, haha… but in a few years I’m launching and I know it will be far better to be liquid and free)
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I think it’s going down
You're 100% right. The property value you get in Thailand is alot better. Just the language barrier thats a problem in Thailand and of course friendly people in PH, better dating, etc.
Yes yes 👍
Just rent Philippines
Great points Bro J.
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True information it’s just a lot of problem when it comes to buying a property in BGC.
Ok
You're right. terrible rent too much. Lucky we live 21 kms. to Baguio and were fine...visit manila and visaya but not to live there People, landlord are corrupt and money hunger. They are not satisfied of what they have. They want more...greedy will never go anywhere...
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I CONCUR 10,000% !!!!!! An HUGE ISSUE Is TOO MANY "FOREIGN FOOLS " Continues to "EXTREMELY OVERPAY " for these CONDOs ( ALL OVER PH ) !!!!!! I Have SEEN REPEATEDLY Where FOREIGNERS Will PAY 20-30 MILLIONS PESOs for UNITS Still Being BUILT ( They PROMISE ENDLESS FEATURES that WILL NEVER Be ) !!!!!!!!
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Great advice!
Thanks bro
Excellent economic logic Jasper👍🥰
Thank you Susan.
I’m surprised developers are still building so many condos in Manila .
Yup
Stayed in Uptown tower 2 for around a year. Loved the location. Landers downstairs. The mall and everything you need steps away. Thinking about moving back. Looks like the prices have gone up. I was paying 35k. The only thing I didn’t like is that the security guys downstairs don’t take their job serious. Letting random people in the building.
Yeah, you’re looking at 45 or 50 in tower two probably 40 in tower one now they let people walk in and out of those buildings relatively easy all the Megaworld properties but they tried to stop my girl once and I checked them
Good location, indeed
Great information!
Thanks bro
Megaworld condo units, generally speaking, command a lower rent than, say, an Ayala Land condo unit of the same caliber or level of pricing. So, buy from another developer next time.
I didn’t buy a condo
That is incorrect. All of the condos are overpriced from a rent to purchase price ratio.
@@JasperinthePhilippinesmy experience says otherwise my friend. That’s why I listened to your story with great interest. I own a condo at BGC.
Yeah, perhaps you bought a long time ago or something but uptown Parksuites is renting for very very very expensive for very small square footage and that’s a Megaworld condo. One Uptown residences is not doing too bad. The rent at Boracay new Coast in Boracay is renting for very expensive across-the-board Megaworld is, not like some of the century properties for instance that have very little value or DMCi etc. if you bought it the right time you’re in good shape if you bought recently, you’re 1000% upside down with every single developer without question unless you sucker foreigner Price someone in at 40% above market, which is not that hard to do.
But yeah, I have a real estate license in California and my girl owns multiple condos here and I’ve rented tons in the last couple years.
Thanks for making this video as most UA-camrs just want to paint a rosy picture of condo purchases. I have looked at buying a condo in Manila in the past but was put off after doing research on the price plus any potential future returns or benefits. The BGC prices are just mad as you say. Another point is how would you sell in future and make the killing the selling agents suggest you could make? From my research I see these places on the market for a long time with no sale, so to sell you would need to drop the price and you would likely make a net loss. Also as new condo building are coming up for sale someone buying is more likely to go for a new unit with all the incentives that go with it rather than pay top dollar for an older unit. When selling these units the seller agents will not want to tell you about the other maintenance fees you will need to be paying plus electric / broadband likely costs as you will not have a choice of what provider you can use. Finally I have stayed in some of these units under AirBNB rental and the build quality is not that great. Compared with Bangkok, for example, Manila is not the place to invest in condo's that is for sure.
Yeah, I’m just trying to keep it honest. I think they are overpriced from purchase perspective and there’s gotta be an adjustment. I just don’t see the value in paying US$200,000 for 400 sq ft in a developing country.
I think we’re at the top. I don’t believe there would be a huge return if you’re currently buying something in 2024 in a pricey area like the ones I mentioned, I think you would be likely to take a loss in my personal opinion in the near future, perhaps if you held it for 20 years, I don’t know but yeah.
@@JasperinthePhilippines That's the other thing - these units are typically so small!
Insanely small you can’t get high-rise condos in America under like 750 ft.² 750 ft.² in the Philippines is like a massive penthouse. 😂😂😂
It is overpriced by 300% minimum.... greatest bubble in the Philippines. It also goes for people who are asking unreasonable amounts for land. In some parts of Angeles City, they are asking 40k/sqm. Living in never never land imho.
True
I mean would you rather buy a condo in uptown bgc or condos in West Hollywood, Vegas strip or brickel Miami.
Vegas would rent for way more for the same money
@@JasperinthePhilippines the only thing closely comparable to uptown parksuites tower 2 for 1 bdr price wise is mgm signature but it’s about 100k difference in price. This is in terms of location and the proximity to nightlife venues, malls, restaurants and etc. If we’re marketing towards tourist overall, uptown park suites would get tons more bookings for short term rentals. When buying condos strictly for rental income in PH, it all comes down to LOCATION and what the MARKET demographic is. It can work, but does it work everywhere? Unfortunately not.
Yeah, the MGM signature would be more square footage and way better built and would rent for over double what Parksuites rents for for the extra hundred K so wouldn’t even be closed from an investment standpoint. I’m very familiar with the signature lived in Vegas 14 years.
@@JasperinthePhilippines as a passport bro myself 😆, I think parksuite 2 and maybe the upcoming uptown arts are the only condos worth buying in the Philippines for my own interest as I mentioned location wise. My criteria is pretty much owning a place that I will stay and be based in the ph while have it airbnb when I go back to work in the US, and just pay down the mortgage. Don’t mind if I break even or not. Any amount that would help pay down the mortgage is good enough. Just prepping for early retirement.
Yeah, I love Parksuites tower too. That’s my favorite condo. I’ve had out here and I’ve had quite a few and I’ve stayed in most. Yeah you just need a cleaner and like a digital door lock or a key system in place or if you’re using a physical key, you need to have someone there in case they lose the key to replace it or whatever but yeah it’s definitely very doable and I think uptown Parksuites tower two for the price is a good value even though I’ve obviously indicated that the prices are not exactly correct from rent ratio
It's no different in the states. Take Los Angeles for example...a 'cheap' two-bedroom condo in Northridge will run you $470K. With a $30K downpayment, your mortgage will cost you around $4,450/mo. Meanwhile if you look at two-bedroom rentals in the same area...you're looking at $2,000 - $3,300/mo...so you'd be losing $$$ the moment you sign your closing documents. In BGC...you're just losing less or hoping to break even at best.
lol. Gotcha.
Only differences you can do a 30 year mortgage in NOrthridge and you own the condo at the end of the 30 years if you’re renting when you run out of money you’re homeless and in Bgc you have three years to pay maximum
I stayed last month for a month in Tower 2. I was in 6V and ABNB from the Retired Airline stewardess. I might have seen you but who knows.
You are 1000000000% correct. I will be renting in Tower 2 in a few months for an indefininte time.
Hope to see you !
Jason
All good
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Condos ANYWHERE in the Philippines are a sucker bet. Over priced shoeboxes, especially in Cebu City . My wife and I own a sweet 2 unit townhouse conversion in the suburbs of Cebu City. I would not even contemplate wasting my money on a condo, renting OR buyiny.
Ok
Congrats
The greater fool theory, they are only buying them to resell in the future at a higher price and so far it has worked for most investors. A lot of condo units just sit empty waiting for the value to go up and someone else to buy it, they don't even try to rent it out.
Unfortunately, we’ve definitely hit the ceiling and there’s no way that they could go up more than they already have. In fact they’re crumbling down as I indicated in the video.
It's the same anywhere! The one with the money sets the market. Been happening forever and will keep happening! Why buy ANYTHING like property or any type of motor vehicle? Rent!!! In the event you want to leave for whatever reason then hit the road. I lived in Angeles in 2002 for a year renting a 2/2 apartment. No way would I buy anything of value where I'm considering rich with basically NO RIGHTS because I'm a foreigner. I wouldn't do it even if I was shitting hundred dollar bills! That's for people who let their wallet do the thinking instead of using their brain.
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All good brother 🫡
Good one! It is indeed moronic to buy real estate in these areas fm a ROI standpoint.... 2 roxas triangle condo costs P120 m and property tax rate at 2% P2.4+ mln, wonder how would anyone can justify these prices!....
Crazy!
Indeed
I agree, something I have saying politely to others for a few years that owning these Condos are not a good investment. The Builders/Developers have done their homework and for them it's good business. For those buying in the higher price point areas of BGC or other upscale nicer areas with worthy space it just does not work. The same holds true for most stand alone homes way over priced with nothing to Comp with to justify the outrageous asking prices.
1000% agree I’ve been watching this closely since 2022 and with a background in real estate. I felt the need to speak on it in case anybody is confused.
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I visited Bgc about a month ago because I was interested in purchasing a condo that I saw on fb. I was able to see the entire area and in my honest opinion, the city itself is ok and I was not impress with the food in the restaurants. The Japanese food and the green tea macha from Starbucks is nothing like the ones in the US. Even the food at TGIF where I ate most of the time. Anyway, to make my long story short, the place itself is ok (Irvine Spectrum is so much classier and bigger) but I would not live there. The buildings are so packed, the condo are so little and overpriced for the shitty hot and humid weather they have. I’m a Filipino myself and I’m just being honest. I count my blessings all the time that I get a chance to live in the NB area in CA.
Ok 👍
Manila needs to stop acting like Tokyo…and start acting like the Philippines 🇵🇭 all prices are 40-60% too high on rent and 200-250-% on purchase prices ..these developers are playing the greatest real estate Ponzi scheme of all time
Yeah, the rent ain’t too bad if you got a little hustle that brings in a couple grand or whatever but the purchase price is absolutely crazy if you look at actual square footage, it’s like the same as the United States more expensive like an obscure America type area
But yeah, I felt like this video was necessary. I think I’ve made enough videos about dating the last a lifetime. I think these real estate videos will catch on the Manila real estate is crashing one is like approaching 10K I think.
I did a really good live stream that everybody missed earlier, but the girl I interviewed asked me to delete it so I had to respect her decision. Storm & a bunch people were in there.
That’s because all of the real estate agents are allowing foreigners to invest in property.
Lol
If you bought it in 2010 with the value of a $$ was $30. I bought condo in Timog n Boracay when it was still cheaper
Ok
Simplistic realtor type analysis I have 650k in real estate in Tokyo 100% equity can easily borrow 300k depoit in a security acoount and make 100k on a short sale than I never had to cover cause the stock went bankrupt 100k on EK at 33 100k on AMR at 40 Is 200k in 2 years good enough ROI on a 300k loan where real estate was the collateral. The cost of borrowing was less than 10%.
Wow.
Assuming a $500 / mo profit / housing benefit. That $6k /year. With a price of $250k, that’s like a 2.4% ROI. That’s not good.
Even if your interest rate is like 3% then your mortgage is like $1250k/ mo. It’s all the more a bad deal if interest rate is higher.
Renting is the better option right now, let the owners take the hit. These prices are not sustainable.
Yeah, and for foreigners there’s no 30 year loan. These all need to be bought in cash or paid off within 3 to 4 years Max.
Terrible terrible roi
@@JasperinthePhilippines do you know how these prices are being sustained. There must be buyers that don’t care about ROI. Hard to imagine that many OFWs or expats are spending so lavishly. Chinese buyers I guess.
The Chinese buy property not for ROI but for wealth preservation and hedge from living in China?
Yes, I think the Chinese are using it as a place to park their money. Some of these are Pogo condos. Some are just parking their money and letting it sit vacant. I believe they have no regard for ROI and it must be foreigners. I’m pretty sure Filipinos are smarter than to buy an overpriced shoebox condo even in a fancy area.
I will still buy a condo in Ridgewood Towers Premier. Best location. Beside BGC 5 minutes away from SM Aura opposite Mc Kinley. Half the price of BGC. 😂
I’m familiar
Many Vultures, without mercy
Ok
😂😂
Hilarious, I thought I was listening to a recording of myself. I couldn't agree more.
Ha ha 🎯
I am looking at buying a $3 million dollar condo, at the Shangra-La, at the Fort, BGC. I really want to live in hotel, which is next to the mall. Rents are huge on this, as a 52 year old man, I can stay there a long time. Much cheaper than Miami beach, where a live now.
The US$3 million. I think it’s called horizon homes. Yeah it’s beautiful ive checked them out. It sounds like you’re the people I was talking about that isn’t trying to make money. Doesn’t care about roi and has tremendous wealth.
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@@JasperinthePhilippines Unlike Miami Beach, monthly dues are only around $600 compared with (2500 sqft, 3 bedroom unit) $3,500 monthly in Miami.
@@JasperinthePhilippines Well, Miami is a city, where this move would make sense. Example, a 500 peso Gin & Tonic at the Shangra-La bar BGC, would cost around $20 in 5 star hotel in Miami, Vegas, LA, or NYC. Meals at the hotel for residents (with 10-20% off) is quite reasonable, a bargain compared to Florida.
Yeah, I totally agree. It’s like having dinner on the beach in a white Sand Beach Island out here might cost you regular price at a mall in Las Vegas but you’re on a white sand beach so the value is certainly there, especially when you get into the high end.
Can you get me a condo rental like yours for 30 days? be coming after sept :)
That’s gonna be for like a long-term lease
30 days you’re gonna pay like over double on Airbnb like $60 a night you have to sign at least six months if not one year realistically and Bgc to pay 800 bucks unfortunately
Plus utilities
@@JasperinthePhilippines got it yeah im doing long term in bali at $500 hard to beat here
Yeah, absolutely you can find condos in Bgc for 500 but you have to sign a year lease probably more like 600 when you do the Airbnb thing you’re gonna pay like a little over but utilities are included
Condos cost more in the PH than in the USA per sqf/sqm , and 10x worse quality. That's an "L"
Not necessarily
They bank on Westerners not giving up on the silly idea that they must own, not rent. The condo market here is insanely priced. The instant foreigners wise up, the condo market collapses.
Yup
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Sana all 😂
Lol
👍👍👍 very useful information. thanks Jasper
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This video is pointless everyone don’t rent in bgc,makati,angles,Manila not even Cebu.Do not rent nor buy a home where it is a lot of foreign investors and or a lot of he’s development chances are the property prices will be a lot higher due to all real estate agents competing with each other in the same areas.And of course the foreign investors will be looking to profit deeply.So what is the solution well everywhere isn’t the same I advise Everyone to look for a place in southern most region in the Philippines.In Mindanao,cavite,digs city,digos city is extremely underrated it’s not far from Davao.These areas they don’t have a lot of foreign investors not hardly at all.And not much real estate agents don’t own most of the properties so chances are you will buy buying it from an individual Filipino person
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Set the record straight on your channel with the correction video doofus
Buy a condo in Southern Philippines? No thanks.
Lol
Buyer and renters beware... I recently did airbnb in Makati and the pictures didn't come close to the roach infested hellhole that it is. Left my honest review on airbnb for future renters. Bottom line.... I hope the owner fired the person managing his property.
Damn bro
@@JasperinthePhilippines I am now in BGC and in complete agreement with you that it is much better to rent than buy.
Facts 🫡
Jasper the cry baby 😂
Lol. If you only knew
@@JasperinthePhilippines😂 quick go cry 😂
@@JasperinthePhilippinesonly cheap mother fuckers would whine about these things..😂
Bless your beta heart simp
@@JasperinthePhilippines in your heart you know what i said is true 😂 learn to accept reality and you won't sound so desperate on your channel 😂
Good point why invest in a third world country, not so practical ano?
Okm
Way way to much nothing talking
😂
Sounds like someone’s jealous
Buying a condo in the Philippines as an investment is a big NO! Most of these condos have a 50% vacancy rate due to the over building and over pricing. The condos are also poorly constructed and the buildings are not well maintained. Not even taking into consideration that almost all condos there are infested with roaches 🪳
I agree I haven’t had too many problems with roaches no more than the United States but agreed on all the other points
Yea too much men might as well move to Europe
Lol
Depends on location and who the developer is. One developer stands out among them all. And this one delivers.
🤣