What u saying Steve.......Filipino timeshare?????Originally Posted by stevewool
hmmmmm.
But im guessing like your other thread most would also like to be near their Mahal's family circle....
What u saying Steve.......Filipino timeshare?????
hmmmmm.
But im guessing like your other thread most would also like to be near their Mahal's family circle....
well i have timeshare everywhere else it seems , its just doing what you think is best at the time, and who realy knows what is best till you are doing it, i just dont want to put it all down to Emma finding a place over there, yes she will be the one to pay and get the best price but realy it will be down to her where she feels at home too,wow just think of it, she does rely on me over here but soon it will be the other way round
As for me, I will be living solely on pension payments.
Carina, however may have different ideas such as renting out properties and bedspace.
That's up to her. I just want to keep low profile, blend in and enjoooooooooy.
I'll be in the same position, relying on my Pension annuity, tax free lump sum from my pension, plus any other savings or equity I accumulate until then. Based on my own projections of my retirement funds allowing for conservative growth, and allowing for average inflation in Filipino living costs I'll be in a relatively comfortable position then.As for me, I will be living solely on pension payments.
Carina, however may have different ideas such as renting out properties and bedspace.
That's up to her. I just want to keep low profile, blend in and enjoooooooooy.
However, factors completely out of my control are investment growth rates over the next 17 years, and Filipino inflation rates. One thing that does concern me is that as Filipino's become more affluent, prices will rise there faster than they will here. Currently the Philippines is much cheaper than the surrounding area, I fear it may have caught up by the time I am ready to retire
Edit: another factor is exchange rates. If the Filipino economy performs well over the next 15 - 20 years, it's currency will strengthen, and instead of getting 66-70 pesos to the pound we might only be getting 40. I'm sure that will severly affect all of our plans
I will probably be one of the few expats cheering this on in the future. I've got a couple of places here and bought in at 85 to 1. I still think there is a bit of a bubble developing with property here though.
I'm at the other end of the scale, so to speak. Already in receipt of my private pensionsI'll be in the same position, relying on my Pension annuity, tax free lump sum from my pension, plus any other savings or equity I accumulate until then. Based on my own projections of my retirement funds allowing for conservative growth, and allowing for average inflation in Filipino living costs I'll be in a relatively comfortable position then.
However, factors completely out of my control are investment growth rates over the next 17 years, and Filipino inflation rates. One thing that does concern me is that as Filipino's become more affluent, prices will rise there faster than they will here. Currently the Philippines is much cheaper than the surrounding area, I fear it may have caught up by the time I am ready to retire
Edit: another factor is exchange rates. If the Filipino economy performs well over the next 15 - 20 years, it's currency will strengthen, and instead of getting 66-70 pesos to the pound we might only be getting 40. I'm sure that will severly affect all of our plans
with my state pension to come in 5 years. So... no way to increase my now fixed income pensions. (well apart from the inflation increases ...... like that!!)
Englishman, do your research and find as risk-free as possible way to optimise any pension type income. You still have time.
You can never have enough pension.
I hear what you are saying Terpe, but risk free usually means no growth in real terms after the effects of inflation are taken into account. I still have my pension pot invested mainly in equities, about 50% in the UK and the rest spread around various funds in USA/Europe and the Far East, only a small amount is in Gilt Edged securities or cash funds, but as my retirement date draws nearer I'll gradually switch it out of equities into gilts.
I was getting 38 pesos for the pound when I first wentinstead of getting 66-70 pesos to the pound we might only be getting 40
Sometimes you're flush and sometimes you're bust, and when you're up, it's never as good as it seems, and when you're down, you never think you'll be up again. But life goes on.
The beauty of a woman is not in the clothes she wears, the figure that she carries, or the way she combs her hair. The beauty of a woman is seen in her eyes, because that is the doorway to her heart, the place where love resides. True beauty in a woman is reflected in her soul. It's the passion that she shows to the outside world.
You'll probably find that the purchasing power then, of pound v pesos was about the same as it is now.I was getting 38 pesos for the pound when I first went
For example one pound in 1980 is worth today about £5.46 (per capita GDP)
It's a funny old world, when you think about the price of petrol now and then it's comparable, even compared to average income.
I was only getting 12.00 you lucky git!I was getting 38 pesos for the pound when I first went
Going back over many years, a gallon of petrol here has always been the same price as a packet of cigs.
Property IS more expensive than it was back in 1980 though...relative to average earnings, I think you'll find.
you see ups and down , when many of you was going there so many years ago and at that rate , look at it now around the 70 mark, i would be happy for it to stay like this for a long time
I think there are so many beautiful places in the phils.
Each one of my favourites is for a different reason to the other.
Every visit takes me to new places and I never tire to travel around.
When the family or friends ask me where I have been it leaves them amazed.
we would be very glad if the pounds rate would be the same rate when it was in 2004 2005 around 95 to 105 pesos....
Well unless the ruin it with over development we will be keeping our place just to the north of Puerto Princesa in Palawan. Absolutely love it there, mainly European retirees, semi retirees etc, very few loud Americans and not too many Koreans or Japanese yet. Just hope the new governor does not let in the casino, country club etc developers, will ruin the place.
Live your life for a reason and don't worry be happy
if you don't know where you are going then any road will do!!
yeahh el nido is a wonderful place in north palawan...
Dipolog { city of orchids } in Mindanao is worth a look for any of you folk considering......... Got a nice blend of Western mod cons as well as retaining its traditional Phils friendly approach and Mindano is so cheap to live, compapared to say Luzon.
Quite a few ex- pats around, mainly a mix of Yanks, a few Brits and Euros, a lovely boulevard to stroll and chill out on, a mountain backdrop and an airport minutes out of town which can take you to Manila in under an hour, i always enjoy it there.
Looking at the East Coast of Midanao too, some lovely places there, totally unspoilt. Many people even Filipinos from the North regard Mindanao as dangerous but compared to walking around Manila i know where i would pick every time!
The Phils are such a delight time after time, according to personal taste of course, the dream place could be around the corner..........lets raise a glass to the search!
Within the next year i will be wanting to sample the delights of Eastern Samar in the Visayas, that really deserves a personal visit from what i have seen on the internet etc.
Davao for me
Before I met my wife, I would have said Cebu. The city has good transport links, lots of facilities, an expat community and is close to plenty of nice places in the Visayas. Also, the it's big, but not a sprawling metropolis like Manila.
But my wife's family are in North Luzon and Manila, so we'd probably end up in one of those places.
My wife's from Bohol, but I am going to live on Negros, much nicer and cheaper. Plus put some water between me and the in-laws
we have a house in antipolo city ,,but we also bought a plot of ground in the agv antel grand village in cavite with its man made beach check out its web site ,,,,but i must say i love the lagoon area next to white beach puerto galera,,the beach is white the sea is blue and warm,,the beer is cheap and the sun is hot,,and only 3/4 hour boat ride to batangas,,,i can see everyone is saying your getting excited john ,,,well i guess your all right we are off on our holidays in 6 weeks time
I can see the attraction of Galera, it doesn't have the glamor or high prices of Panglao or Boracay, but it has a shabby chic feel about it. I had a better time in Galera than I had in Boracay
love this beach st Sabang near theUnderground River on Palawan
Live your life for a reason and don't worry be happy
if you don't know where you are going then any road will do!!
I like Puerto Galera too.
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My kids at Baloy Beach, Subic Bay .
The sand there is a bit dark because it's volcanic.
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samal island in Davao City is great too
There are some absolutely beautiful places to live in the Philippines. I love Tagaytay and also down south to Camaguin is great.
I live in Cebu, and its just about bearable. I basically have to live within an hour of Manila or Cebu Airport, so don't get much choice. Rented the place in Marikina for a while, and was there on and off, and now living full time in Mandaue, Cebu. Biggest problem for us is with kids. Essentially have a choice of the British School Manila, where you'd have to live in Makati to have any chance of getting there within an hour of leaving home, or the Cebu International School, which is about 15 mins drive from our current place.
If i'm honest, the Philippines really isn't the place for us with the family, and with me wanting all the modern stuff, whilst living out of town. Once my son is a year old, and my missus can survive without nannies and housekeepers, we'll be heading back to the UK. I actually miss the UK a lot, as long as i'm not one of the poor sods spending 2 hours in the morning and 2 hours in the evening of my life commuting to work in the pouring rain feeling sorry for myself.
If you're retired, I think living in the Philippine can be a great option. If you can afford it, the best is to have a house in both the Philippines and the UK, and spend the winters over there.
With a family, living in the Philippines is pretty tough.
At least you've tried it and can speak from personal experience Ricky
TBH you've summed up my thoughts, and I've got no plans to live in the Phil's until I retire. We can all complain about the Uk and the weather, but it's still home, it's modern, clean, safe and despite the recent economic problems we are still a lot better off than most. I love the UK and could never leave permanently, plus, most importantly, my kids are here and they always come first.
When I retire, 6 months in the Uk and 6 months in the Phils each year is my plan
yes - My gf has a young daughter and my kids are all grown...so I kinda thought exactly the same as you. When I retire, summer in the UK (fantastic) and extended Christmas and winter in Phil. What could be better? Hope my pension will be upto it!At least you've tried it and can speak from personal experience Ricky
TBH you've summed up my thoughts, and I've got no plans to live in the Phil's until I retire. We can all complain about the Uk and the weather, but it's still home, it's modern, clean, safe and despite the recent economic problems we are still a lot better off than most. I love the UK and could never leave permanently, plus, most importantly, my kids are here and they always come first.
When I retire, 6 months in the Uk and 6 months in the Phils each year is my plan
I hope mine will be too. Well I've got another 17 years to save and for my equity based investments to recover, nothing more I can do now except plan and dream.
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