Dark Side of Real Estate Investing in PH
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- čas přidán 15. 07. 2024
- For this video, I will enumerate some of the possible reasons why is it extra challenging to invest in real estate in the Philippines.
#realestateph #realestateinvesting #buyingproperty #realestateph
www.bsp.gov.ph/Media_And_Rese...
TIMESTAMPS
1:00 Red tape
2:07 Lack of transparency
3:06 Lack of tax benefits
3:38 Limited access to loans
4:18 High interest rates
5:01 Hidden costs
5:26 Lack of financial education
Thank you
There should really be a course about Personal Finance in High School and College. This is very helpful and important for young Filipinos to be responsible financially. Thank you for this transparency, sir Chris!
I totally agree!
Better for investors to pass on most condominiums for investment. The rate of return is pathetically low and the competition for clients is intense. There is such an oversaturation of units being built everywhere with little to no open space. Set up a Philippine Corporation or get married and acquire land or Subdivision lots, if you're a foreignor instead.
I am 15 yr old and I am more invested on learning financial literacy or education…and I always knew it is important if you want to be financial free
This channel is gold, thank you sir more power po!
Thank you!
Sana isali na yang financial literacy sa curriculum ng secondary para atleast matutunan na as early. Thanks sir Chris ,nice topic.💖
I agree, Gaelle!:)
Totally agree on red tapes and messy procedures loans in Philippines and politics will never be change! More of these transparent videos sir. Thank u
Finally a channel abt real estate in PH. Ive been searchng for one since puro US RE lng nkikita ko sa reels and YT. Surprisingly, if views ng vids lng pg babasehan , mdami parin pinoy d intresado sa RE. Pls keep on posting. Will watch all of ur vids.
Thank you!
Very informative video 🎉
Lack of options with funding, high interest rates, Lack of tax benefits,high capital gains tax and settlement costs. Im a rental property owner in the Philippines and here in the US. The difference is night and day. I would never buy another property in the Philippines unless ill get it for a bargain
If you dont mind, will u please share your experience why you would never buy a property again in PH unless it's bargain? Kinoconsider ko po kasi mag invest.
I love watching your contents always informative. This content is just right on!
Thank you
thank you sir.
This is important topic for our economy.
Very helpful. Looking forward to more of these!
Thank you!
Real talk!
Thank you for making this video po
Totoo Sir, maraming challenges sa would-be at current investors. Pero with the advent of Social Media, dumadaming Financial Advisors, Remote work opportunities from abroad, mga pro poor policies ng gobyerno at most corporate entities at NGO at non profit companies, unti unting nababago ang estado ng karamihan sa mga educated populace. Maraming kakulangan sa mga pulisiyang kelangan pang iupdate at iimplement pero bright ang future para sa karamihan ng mamayang Pilipino.
spot on! I really like your content keep it up sir!
Thank you!
well said!
Hello Sir Chris! Thank you for taking the time to tackle this topics. 1st time po naming mag invest in a real state. We are about to request for a bank loan processing. Upon asking for a copy of title. Yung title po ay "section 7". Should we continue po in buying the lot? Thank you Sir
Hi Chris, how to avail a Loan to construct an apartment in pab-ibig or bank? Alin ang mas okay? Salamat po
sir ang interest rate ngayon 2024 ayon sa central bank is 6.5% lng
but for now po kasi patapos na po yung 36months term kong loan sa rcbc, which they gave me 6.3% way back 2021.
ngayon mag renew ulit yung prinicpal amount ko 2.3M, after 36months of paying the 6.3%which is 22,553 is amounting 800,000 pesos plus plus..hindi po ba yun iminus dun sa principal amount na 2.3M?
tas ngayn start april tumaas interest binigay sakin upto 9.5%; naguguluhan po ako and i cannot just keep quiet nlng and just pay whatever they give me. First time ko po mang bank loan.
How does a loan with interest is being calculated po ba?...
BTW 2br condo unit po yung niloan ko.Thanks in advance po
I would like to know your thoughts of getting bank loan from sister company of a developer and why is it or isn't a good idea. Hope you can make a video about it
sir ask kolang po kung tama ba ang procedure ng bank after we pay out the house loan .sa developer daw namin kukunin yung title 3 yrs na kasi kami bayad sa title salamat po from canada
Hi sir Do you have video on how bank pay the house and lot owner ? Thanks!
sir Chris isa ka po sa pinapanuod me tuwing mag iinvest me sa property... masakit lang talaga kalakaran... and mga ipitan ng papers specially sa bldg. permit ... I experience it first hand ... deretso sila mangikil iba presyo ata sa OFW😡...
But cont. investing sa umpisa lang mahirap... matututo ka rin sa kalakaran. 🤪
Yes, masasanay ka rin sa sistema...haaaayy hehe
Hello Sir Chris! Thank you for doing some topics for real estate. Just want to ask if you know short courses online that tackles Real Estate management. Thank you po!!
Hi you can search for Urban Institute of Real Estate and Construction :)
Andaming lupang rights lang walang titulo….ok nman yung pagtransfer ng lupa ang nagpapatagal madami kang pinupuntahan para mgpapirma or mgbayad
Yes true
Ako na since march pa nag aayos ng Building permit dito sa muntinlupa. Jusko! Horror!
tama #1 experiencing it right now process lang ng Bldg. Permit... 😢 2wks sa ibang department pababalikin ka kinabukkasan absent or leave pala..halos mag 2 months na application form..... and laki ng hingian wala ka magagawa kase sabihin agad deny na lang namin...tingin nila sa ofw banko nila 🤬😡 di lang po yan dyan sa muntinlupa... pati dito sa amin 😢
Hello po, saan po magagandang source niyo ng data regarding statistics and such? Salamat po!
Hi Mike! You can check BSP website, they have statistics on financial inclusion in the Philippines. You can also request government records from PCOO through the freedom of info website.
www.bsp.gov.ph/Media_And_Research/Financial%20Inclusion%20Dashboard/2022/FIDashboard_1Q2022.pdf
Dyu know that DMCI condos title transfer reaches 2 fckn years!!!!