"Insanity: doing the same thing over and over again and expecting different results." (Quote attributed to Albert Einstein).
It takes 12 months to pass for a New Year to come around. Now, take a look at these 2 photos taken 12 months apart.
December 2014. A condominum building in Quezon City being pre-sold and under construction.
A 24 sq.m. studio unit in this condo unit will cost you ~2.8M pesos. At least, if you buy a unit now (paying the full downpayment and having your bank loan approved already), you can occupy your unit by this summer.
Then, consider the following..
Photo below was taken on June 22, 2015. It shows the groundbreaking ceremony for a bungalow house & lot in a gated communityin the heart of San Fernando, Pampanga.
Pictured above is a 3-bedroom bungalow with a 44 sq.m. enclosed floor area. It has its own front lawn and garage; there's a canopied dirty kitchen at the back, adjacent to a utility/laundry area. You can acquire something like this for ~1.9M pesos. If you are qualified, you may acquire the property thru 20% downpayment and take out a bank loan for the 80% balance.
Over the past 5 years a lot of Filipino OFWs, as well as millennials working in the BPO industry, have been influenced to put their money in airspace in overcongested, polluted Metro Manila.
Isn't it time for a NEW WAY of thinking and buying your first home?
Happy NEW YEAR, peeps!
