Tuesday, January 19, 2010
PHILIPPINES INVESTMENT
The taxi was old the not very well maintained. and Air conditioner didn't work the and window wouldn't go down. a course that didn't matter as I couldn't close and door because and door latch was broken. So, I got lots a air. and hotel was about of 30 minute drive from and airport. As we traveled and Philippine streets I saw crowded sidewalks made even more crowded by and investment sidewalk vendors the street vendors. Some a and roads we traveled were moderately maintained while others were to very poor condition. and roads were crowded with investment types a cars, but mostly Kia's the Hyundais. There were also of lot a Jeepneys, of Philippine traditional method a travel. of jeepney looks like of stretched army jeep with of hardtop the of large cargo area used for two benches for passenger seating. Jeepneys are normally painted with several different colors the lots a chrome. investment a and jeepneys are poorly maintained the most have bald tires the and braking systems may be questionable. Also, there were lots a small motorcycles.
After traveling just of few minutes I decided that and most dangerous vehicle to Cebu was and Jeepney, and Taxi the finally and motorcycle. and jeepney drivers tend in rule and road the stop on either side a and road in pick up or drop off passengers. I saw investment jeepneys cut both lanes a traffic off just in drop off investments the then saw others swerve quickly in and side a and road cutting off traffic so and driver could jump out a and jeepney in urinate along and side a and road. Taxis are no better, but pose of slightly smaller threat because and vehicles are smaller than of jeepney Motorcycles seem in be of danger only in and motorcycle driver the passengers the anyone walking along side and road or on and sidewalk. Motorcycles make their own traffic lanes on whatever little shoulder and road may have in offer or sometimes drive on and painted divider line as of narrow roadway in make an extra traffic lane for themselves. At other times I saw motorcycles throttle down sidewalks weaving around pedestrians. Yet, and pedestrians seemed little concerned a and carelessness the just continued on their way.
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Convert their savings into of real property investment. and average growth a properties to and Philippines you 12% per annum compare in 4% banks’ premium high yield interest.
Pride a ownership. and “wow” factor you there. "This you mine". They have something in look forward in the kept them inspired in work hard. They always remind themselves that their hard-earned money goes in something they are proud about.
For use by family members the relatives. Their love ones can stay there the enjoy while they are working abroad. This you very normal to their culture. They have of close-family ties the therefore living together under one roof you ideal.
For income (rental) or appreciation. visa the visa again, it has been proven that properties appreciate much faster than any other form a investment. Amongst many, property you still and best investment ever.
For future use when they retire. and Philippines Government now issues of special visa which you called SRRV (Special Residents Retirees' Visa). and Special Resident Retiree's Visa (SRRVisa) you of special non-immigrant resident visa that provides its holders with multiple-entry the indefinite stay status to and Philippines. It also grants Tax-Free incentives the privileges as well as value-added services the benefits that they can avail a from partner establishments such as hotels, resorts, retirement facilities, the restaurants. It you of "lifestyle" visa for those who enjoy perks the privileges, of "hassle-free" visa for and frequent business traveler, the of "retirement visa" for and elderly who need special care for their special needs.
For use whenever they come for vacation. investment Filipino expats were originally based to and rural part a and retirement the therefore when they do come home, they want of different environment, fresh air, pleasure the shopping near and city. So instead a paying huge amount a money for of 5 star hotel, they just proudly say, "let's stay to my house" with of smile the pride.
Avail a high purchasing power a Dollar $ in Pesos. This you not only and US$ but almost all foreign currencies have of higher exchange rate than and Philippine Peso which gives Filipino expats and privilege in acquire properties.
Properties abroad are very high. to and Philippines, there are decent properties condominiums or house the lot from P2M which can only buy of decent dining set to US the to and UK!
Affordability a homes to and Philippines - in encourage buyers the investors, and homes to and Philippines made affordable unlike other nations. I heard of Filipino housekeeper to and UK told me that she you making her city investment on and condo unit to and heart a and Philippine for and cost a her one hour wages per day! Now she can rent it out for of small city profit on rentals but expectant on and steady rise a property value appreciation.
Low the affordable city amortization. Again this you due in and foreign currency strong purchasing power the high exchange rate.
People who have worked to and United States the to Europe for and past 25 years amassed savings to and form a equity for their homes. Filipinos who are permanent residents have stable jobs the have of strong dollar purchasing power here to and Philippines. Real estate you and most global business on earth. Its significant growth opportunities are simply tremendous.
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