This is not a personal finance site and I do not profess to be good at personal finance. But whether you acknowledge it or not, your plan to own a house is tied up to your long-term financial objectives. (more…)
Archive for the ‘Investment and Finance’ Category
Assess your financial readiness to own your dream house
Posted by Jun on April 16th, 2010
In my last post, I promised to write more about Nuvali. Sadly, these past few weeks has seen me suffer from “Nuvali fatigue.” For those who are waiting for my follow up feature on Nuvali, its draft is already half done and it shall be published. To ease the fatigue, I’ll write about something that I hope some will find worthwhile.
It’s true that it’s every Filipino’s dream to own a house. But more than dreaming, it’s imperative that you make a thorough examination of your financial position before you take the plunge. (more…)
Philippine real estate will only thrive if promises are delivered
Posted by Jun on March 24th, 2010
The most common way developers sell their projects is through pre-selling. It’s a process by which a project, while still on paper, is actually sold to prospective buyers. Many agents actually call this process selling “air.”
Prospective buyers are gathered in the property where the project will be built and are told: “On this land will rise a residential project that will consist of this and that amenities, with so and so open spaces and more.” It’s like telling prospective buyers to close their eyes and imagine what the future development will be like and are then told to buy what the developer promises to deliver in the future. (more…)
How many Filipinos live in their own house and why
Posted by Jun on July 22nd, 2009
A survey titled Citi Fin-Q Report (warning: this report is a PDF file and I’m warned that it may contain a virus; kindly proceed with caution and read my note about PDF files at the bottom of this page) published by Citibank on September 2008 tried to determine the financial IQ (Intelligence Quotient) of respondents from Australia and ten Asian nations, including Filipinos, in terms of managing their personal finances.
This post will focus on a small but interesting portion of that study: home ownership, particularly in China and the Philippines.
A staggering 81% of Chinese respondents live in their own home that’s either already fully-paid for or mortgaged. Compare that with only 42% of Filipinos. (more…)
Posted in Investment and Finance 
Tags: financing, homeownership, Pag-ibig Fund, personal finance, subsidized housing 
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