大咖福利影院

frankanderson wrote:

which developer is this? This is important

It's possible that particular developer don't do Escrow as they want/need the cash right away to farther continue the project. It's pretty common here that they try to sell pre-built condos.

You have to be careful, many years ago as a young man I was naive in having a custom home built. The contractor specialized in building custom Cedar homes. Outside rough sawn ceder and interior smooth sawn ceder, no drywall in the house, cathedral ceilings and ceder shake roof.

It took two years to complete the house. Another couple who we knew ended up with a pile of lumber and no house.

The contractor skipped town, he ran a Ponzi聽 Scheme, he probably used the other couples money to finish my home. Ours was the last house he completed.

frankanderson wrote:

which developer is this? This is important

For some - don't trust - You put money in their account, they send you some paper work, you wait and get your condo on said delivery date. Expect delays

It's possible that particular developer don't do Escrow as they want/need the cash right away to farther continue the project. It's pretty common here that they try to sell pre-built condos.

Yes thats common. Can be both
/Honest
/Scammers
/Or honest but incompetent聽 聽聽 聽 so not geting it finnished neither.

I got to know it can be TAX TRICK to NOT finnish FULLY, because some tax/fee dont need to be paid until finnished fully finnished!聽 Then you can get your condo, but part of the complex will still look as a construction site, which perhaps never will be finnished by that tax thingy.聽 聽(If it isnt changed since I gpt to know of it some years ago.)

And some pre-sell comlexes where the buyer get a "temporary" - expensive - loan from the constructor or close related, they聽 DELAY on purpouse when it can become separate titles, because without title te buyer cant聽 get a聽 - cheap (in Phils messure) - bank or Pag-Ibig loan...

So there are many scam and fishy situations in Phils.

I wouldnt buy a condo for myself anyway聽 by I want to lve rural聽 聽 聽 but if I woiuld buy a condo it sure WOULDNT be a pre-sell and NOT buying at distance.

Gregorio2020 wrote:

Wow...I remember that earthquake....I was on 7th floor hotel downtown Davao....when everything started shaking.....I can't imagine how bad it was on the top floor...14. I'm in Cebu now....and starting to think about condos here...but not sure yet.

There are earthquakes in Cebu too聽 聽

The only of the biger islands without earthquakes are Palawan (and a corner of Panay.)

tpiro wrote:

l I just bought a condo in cebu for 3,126,000 鈧�.. which BTW is impossible to find one here in the US for that price of $61k.聽 A nice view of Mactan/Cebu, ocean and about 660+ sq.ft., 2 BR.

Without been there?!!!聽 and messure if you dont need to sleep with head in bedroom, body in sala and feet in bathroom聽 聽聽 聽 聽 聽Many appartments in Phils are made for Filipino tiny sized people and bedrooms are often even to small for them, has only space for a bed.
660 sqfeet is small to have space for 2 BR, sala, kitchen and cr...聽 聽 聽
Compare: The appartment I live in now has same parts as yours but is a bit over 900 sqfeet and has only a tiny bathroom and a small sala聽 in normal "western" messure anyway, inspite of no space spent at hallway, which make all except one room is walk through...聽 (Its rebuilt from being office so for an appartment it has bad planning.)

3,126,000 鈧�.聽 聽A bit away from the bigest cities there are HOUSES including some land for less than that.

tpiro wrote:

lloydamos81,聽 I just bought a condo in cebu for 3,126,000 鈧�.. which BTW is impossible to find one here in the US for that price of $61k.聽 A nice view of Mactan/Cebu, ocean and about 660+ sq.ft., 2 BR.聽 聽I'm 68 and in decent health and getting ready to retire in the Phils- as soon as the restrictions lift.聽 So,聽 I figured it out (breakdown) for about 15 years = 180 months / 61k is approx $338 per month.聽 That's pretty cheap rent if you own it.聽 Yea I probably would pay more than that in rent somewhere.. but it's nice to own it.聽 Hopefully I'll live that long for another 15 yrs.聽 That way I have something to leave my gf/wife after I'm gone.聽 Just food for thought.

Congrats on the purchase tpiro!聽 聽 This is a great example of where mortgage is less than rent as I think that same 2BR unit would get rented higher than $400 per month.

Gardo Fuentes wrote:

This is a great example of where mortgage is less than rent as I think that same 2BR unit would get rented higher than $400 per month.

There will be costs as property tax and聽 fees to the condo organisation too, so dont get to happy before knowing them too聽 聽

I have no idea about what rents are at such in big cities, because I am not interested in big cities聽 聽聽 聽but HOUSES can be rented for less than that in provinces, I believe even nice BEACH houses... At least there are nice beach houses for rent at 400 usd = 20 000 pesos level.

coach53 wrote:

There will be costs as property tax and聽 fees to the condo organisation too, so dont get to happy before knowing them too聽 聽

I think most here knows that c53.聽 It's a expat forum not a first day at job forum.聽 聽

Be that as it may, re property tax, that is why you get a space suitable to your family because tax is relative to the space.聽 And re fees to the condo, most renters pay that in addition to the rent.聽 聽Or at least that is how it is聽 for these newer condos.

tpiro wrote:

Me, I prefer a Condo.聽 I've owned many houses in the states and truthfully, I am tired of home ownership... let someone else cut the lawn and paint and fix...LOL聽 聽Regards, Tony
BTW:聽 condo fees/taxes are outrageous - hca ($38/month) and taxes ($100/year)... LOL

See that's what I thought it would be.聽 OURTRAGEOUS TAXES AND HOA FEES.聽 聽

We are in the same boat, Tony.聽 I prefer condo but for me it is the airspace I am attracted to.聽 聽I love looking down at people, literally in this case.聽 聽聽 聽 And like you, I prefer the convenience of no yards to look after, especially as we grow older.聽 It would help my spine not having to bend a lot to reach down for yard work.聽 Plus it is just maintenance cost I can do without.聽

聽 Instead, I'd be happy to tend to my plants inside the condo to get me my greens.

wernervangelder wrote:

This is just an 鈥渁rtists impression鈥� 鈥� never buy off the plan . Low quality , high price .
Developers are bordering criminality here

It's not a drawing though聽 if that's what you meant.聽 It's a photograph.

wernervangelder wrote:

Low quality , high price .
Developers are bordering criminality here

I'm assuming you have not lived in US.聽

"Low quality" is still 10x higher in quality than in US
"high price" is still 10x lower in price than in US

"Developers are bordering criminality here" maybe so but man you don't know how it's still better than in US.聽 In fact this is a main reason why I'm retiring in Pinas.聽 聽 Ability to live in "Billionaire's Row" at a fraction of cost.