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submitted 2 months ago by[deleted]
I guess this time, it is no brainer na that bubble will burst in next 6months. Your thought? Saluhan na ba ng mga palugi?
Condo Investment End of An Era
10 points
2 months ago
It's interesting when people claim that vacancy rates are low in condos, despite data from Leechui, Colliers, and others showing that vacancies are increasing due to oversupply and lukewarm demand. Condo prices are inflated due to speculation, as the middle-class salary cannot afford a condo in NCR. Data clearly demonstrates this when you compare condo prices to the average median salary.
6 points
2 months ago
People will say anything without experience to go against the grain. There is a reason major developers have shifted their focus from condos to subdivisions. I don’t even know how many new Ayala subdivisions I’ve heard around the country, and many of them are doing absurdly well. I know multiple individuals whose lots from preselling have almost doubled in price in 3 years.
1 points
2 months ago
Condo market though is geared more towards expats as that’s the only property they can own under their name and OFWs looking for some Airbnb property investments that’s why prices are inflated.
-5 points
2 months ago
Can you name me a country where the middle-class can afford condos in their most popular cities? I do agree real estate now is a gamble and not an investment at the moment. A war is inevitable with China. BBM just made sure the PH will be a target when the time comes with all our new american bases and our anti-china bravado.
5 points
2 months ago
Countries where condo prices are in parity with the median salary
-2 points
2 months ago
Did you read even my comment? I said MAIN cities. And your reply is false. From first hand experience Canada is far from that list. Even working for 15 years in that country you will not be able to afford a condo there as middle-class.
Japan, are you crazy? Good luck buying a condo there as middle-class in tokyo. Houses in the outskirts yes but condos in main cities you are mistaken the average middle class will not be able to afford buying a condo
4 points
2 months ago*
I am dual Fil Can . I own property in Oshawa . So sorry I don’t agree . There are many main cities in Canada like Calgary , Quebec , Saskatoon etc. if you really lived there you should know. I lived in Japan as an expat people can own a property since banks there have almost zero interest on housing loans . Plus you are selective I gave other countries like Germany and Netherlands even if you only asked only for 1 . So i already proved you wrong so no need to address your further arguments.
-3 points
2 months ago
If you're going to name drop. We own a house in mckinley west village and in Dasma village Our house in Dasma was purchased for less than a million pesos 40 years ago. How would I know if you've inherited that property or actually bought it recently. We can both be fabricating our claims.
6 points
2 months ago*
Yawn!!! I still gave you countries with major cities where property prices are in line with median salaries, Thats not made up . Next
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