Comments for House Hunter

Comment on Housing fair attracts Filipino buyers, investors by bognan

bognan — Thu, 18 Jun 2009 05:54:21 +0000

To KIDLAT:
I think it would be nice not to judge immediately. Una, you have to consider how a loan is computed. Your monthly amortization is not deducted from your loan amount. Part of it is paid on the interest and part of it is paid on the principal. As you pay every month, the more part is allocated to the principal and the interest part becomes lesser. You also have to pay for the pre-termination since the loan is supposed to be for 20 years and you cut it short to 2 years. The pre-termination fee is actuarially computed to cover the supposed “income” they fund would get from the loan on the later years. God Bless the Philippines

I also think tama lang na nagiging moderator ang pag-ibig kasi ang interest of in-house financed real-estate loans, palaki nang palaki, ang ang cost ng real-estate din palaki ng palaki. This triggered the recession in the US. Sana hindi bilisan ng mga developers ang price ng mga real estate.

You need to determine the right time to get a housing loan–considering your income plus prices of the real estates

Comment on What you should know about RP construction industry by Joselito Salunday

Joselito Salunday — Fri, 12 Jun 2009 23:09:27 +0000

Please forward to me copy of the study
on housing issues in the Phil.

Comment on What you should know about RP construction industry by Raffy Canlas

Raffy Canlas — Thu, 11 Jun 2009 05:39:36 +0000

The downside of owning a condominium is that you don’t usually own the land where the units were built. Plus you don’t have the sprawling gardens you’ve always dreamt about. It’s like renting the lot, albeit for a long time, i.e. until the condo is finally demolished, or God forbid, gets burned down. (raffyboy@yahoo.com)

Comment on What you should know about RP construction industry by Jhunie

Jhunie — Thu, 11 Jun 2009 03:03:53 +0000

It is not peculiar in La Union since a lot of Ilocano Migrants prefer to have a more convenient and secured home while staying in Philippines during their vacation.

Could someone provide the statistics on how may Filipino family lost some of their money out of these projects?

Comment on What you should know about RP construction industry by Stephen

Stephen — Tue, 09 Jun 2009 07:43:57 +0000

Excellent research! I was wondering if i could get a copy somehow… Thanks very much!

Comment on What you should know about RP construction industry by Mike

Mike — Tue, 09 Jun 2009 07:33:35 +0000

I’m interested in how residential property was classified in the study. What’s the difference between an “apartment” and a “condo” for instance? In the US, a condo is an apartment that one owns. I’d like to see a copy of the full study.

Comment on What you should know about RP construction industry by rj

rj — Tue, 09 Jun 2009 05:34:06 +0000

kulang ito. simple lang ang dapat nyo malaman about philippines construction industry.

OLIGOPOLY! yun lng!

lahat ng aspects about it is that it is controlled by a few powerful and influential people. from lot price to construction materials to, govnmnt lagays etc

hindi na importante yan mga chorva chorva na market research na yan. ang bottom line dyan ay yun base ng system which is Oligopoly talaga.

example lang ah! hindi ba kayo nagtataka eh 3rd world country eto eh mas mahal pa lupa dito sa pinas kesa sa america eh. anu ba yan

importante lng d2 sa construction industry is that u play the game well and that is to play it dirty ganun lng!

insider ito noh haha

Comment on What you should know about RP construction industry by Edgar A. de Dios

Edgar A. de Dios — Mon, 08 Jun 2009 17:58:21 +0000

You failed to mention the values involved. There are of course lesser number of projects in the big cities, but their values are very enormous compared to those in towns and small cities. One big project in Manila, or NCR, and also in Metro Cebu may compare in value to probably fifty to one hundred projects elsewhere. This is where you miss the point. Sorry for this comment. But, by the way, thanks for the information.

Comment on Ways to prevent your home from getting ‘repossessed’ by Jay Castillo

Jay Castillo — Sat, 21 Feb 2009 01:25:32 +0000

I somehow feel that the tips given are not exactly for people who want to prevent their homes from getting repossessed, but are rather tips for people to consider before buying properties in general. I agree with Security Monitoring, keep the communication lines open with your creditors. With Pag-IBIG for example, a simple letter explaining your situation can make a world of a difference and they often wave penalties. Yes, some people I know have done this.

Another thing a homeowner can consider would of course be to sell the property, no use holding on to it if they no longer have the capacity to pay. That would be far better than going into foreclosure.

Comment on Ways to prevent your home from getting ‘repossessed’ by security monitoring

security monitoring — Sun, 14 Dec 2008 03:22:16 +0000

The best course of action is to have open communication with your creditors. Let them know your financial situation, and what you’re able to pay. It costs them a lot of money to repossess a house, and it’s in their best interest to keep you there, paying your bills.

I can’t say that if you keep paying your bills will keep them away if you are extremely delinquent on a sizable sum, but sometimes if you explain the situation plainly, they will understand, and negotiate a new payment situation.