Anyone planning to live in the Phils one day?

[keithAngel]

Heres a thought that may stimulate some if your mortgage is near to finished relocate to a good tourist spot if your not already let your house as a tourist let via an agent for the summer (High income)storing your very personal stuff and use the income to fund 6 months initialy in the phils to see if you like it If you do the next season add a winter let and bingo income sorted and max of six months to get it back.

Part two pick a stunning location in the Phils build three smallish decca type houses £25 k ish (or if funds allow a big one for you and several small apartments)apply for permanent residence 13a import a container of carefully chosen household effects with no duty most of which can be found free or near offer on free cycle etc furnish said houses install wireless internet and rent short term to guys from forums like this one at around 10-11000 piso a month plus electric whilst living in one of them (there is a dearth of reasonable priced short term foriegner freindly property) This way you will never be short of an interesting conversation something to do or a pot of marmite

In time you might build more if demand is high or the properties could becomes homes for your kids there are spin offs like motor cycle rental and beer sales lol the part two is doable as a stand alone and could agument a pension you need to be gregarious of course

You do of course need to stay friends with the missus and in my case still find one lol as we cant own property there this way at all no matter what anyone says to the contrary also recieved wisdom says never settle on the same island as your fils family lol blah over

[jonnijon]

Hi Arthur,
and the Philippines has a pension agreement with the UK,so your pension will increase in line with increases in the UK.Unlike the people who lost the court hearing today.

[stevewool]

well i am thinking of doing it in the future again its down to cost, hopefully rent over there till we know what and where we want to live, but in the mean time rent my home out in england too, that way if its not what we want then move back , to buy or not to buy thats the question , long term lease might be the other option, so much advice is given about cost and so on , who knows what the cost will be and they say live like a native but can we and do we , i think 400 a month without rent should be enough, any takers on that????

[laurel]

well i am thinking of doing it in the future again its down to cost, hopefully rent over there till we know what and where we want to live, but in the mean time rent my home out in england too, that way if its not what we want then move back , to buy or not to buy thats the question , long term lease might be the other option, so much advice is given about cost and so on , who knows what the cost will be and they say live like a native but can we and do we , i think 400 a month without rent should be enough, any takers on that????

I have been told 300-400 a month is sufficient for comfortable living, but im sure one mans comfort may not be the same for all..............

[stevewool]

what about clubbing together and buy a lot and build the biggest place and live in our own little commune

[keithAngel]

lots of variables but supposing two people outside of rent power can be 1000 - 4000 depending on your use of aircon internet 1000 water 250 transport all to do with location and choices like car or motor bike or taxi and trike jeepny

what you buy to eat is another big factor imported food eats into your budjet

you will also find you spend much more early on till you have settled in

£400 is doable if you dont try to much to transfer lifestyles from here to there its finding the balance and it takes a bit of time I reckon from my own experience between 18 months and two years to reach my equilibriam you can of course live on a lot less if you have to but would you want to Prof Al should be able to offer good upto date info on this as hes been doing it the last couple of years its also very different if your busy and occupied or trying to fill your time that always ups the budjet