u/chonching2

For a below 30sqm shoebox like condo unit. It really deserves to price at 5k per month. POGO days are gone and it will never come back. That artificial demand will never happen again, but the number of condo units being built are getting more and more each year. So 5-10k price is more reasonable than 15k that you mentioned. Its hard to accept, but we are getting there soon. No demands for unrealistic condo prices. The salary are super left behind and our economy are getting everyone fucked up. Who will continue to buy or rent for an overpriced suffocating condo shoebox? Only foreigners can happily pay for the price. Most Filipino who invested on overpriced condos are now crying out because of high interest rate. Many are posting pasalo over the internet some are already forclosed by the banks. Things are getting worser from here.

May mga foreign business namam which owned hundreds of condo units na ginagawang airbnb ang mga itom at dahil sa pagkawala ng mga POGO. Marami silang empty units for lease. For them mas okay ipa rent for as low as 5k instead of letting it sit empty and continue to pay for association fee. Mas lugi sila dun, also hindi naman lahat ng unit na may tenant may nasisira na agad. Most renter ng condo especially nearby business district ay ginagawa lang tulugan yung condo since they leave outside metro and usually leave on weekends din. Those kind of situation won't detoriate the condo. But yeah, it depends pa din. Don't lease your unit if you can afford to sustain it that way

Those people new from the start na liquidity event lng tong IPO for the investors to sell. No other reason for the IPO like expansions. Imagine the initial 10php IPO price? Many said its overprice and as you can see 6.6 na nga lang pero it seems overprice pa din diba? Their P.E. ratio is higher than the top banks in PH. How come? Gcash stock price will just continue to plummet.

Its the other way around. Gcash yung may propaganda about their IPO being hot. In reality its just a liquidity grab para makapag take profit yung mga investors nila. IPO is for startup company or for company who wanted to expand. Have you heard anything about Gcash planning any expansion? Walang plan or reason kung bakit sila nag IPO. So expect a massive sellout by investors.

Sobrang gasgas na kasi ng coffee and laundry shops. Imagine sa isang commercial streets multiple coffee and laundry shops naglalaban laban tas iba pa yung sa ibang kalye. Its about the bad economy but more on bad business choice for them

No

Stop crying slave

Ginagawa kasing money laundering ng mga pulitiko ang condo market. Tas marami pa din uto-utong pinoy na naniniwala na mura ang mga presyo ng condo ngayon kahit na overpriced pa din. Lalo na mga OFW. Imagine a 30sqm worth 5m+ kapag around makati pa nearby ayala might your mo 10m+ pa. Sobrang mahal tas sasabihin ng iba hindi ka target market. Pano target market nila puro money launderer, foreigner at ofw na investment tingin sa condo

Sell

Straight up holdup

I am impressed despite the young age you manage to bandle your finance really well. Mas bagay kang maging financial advisor kaysa sa mga nagkalat sa FB 😜I know you can make the right decision

TLDR; it's definitely a scam. Sa una kikita ka at makukuha mo yung pinangakong interest Yan yung style nila to gained your trust. Syempre kapag kumita ka na gagawa ka ng paraan para dagdagan or mag invite ng mga kakilala and that's when will the scam actually occur na.

Most people dies early. Lalo na yung current generation I doubt they many will break 70s so manority will never have that ROI 😂

In USD? 🤯

Both seems overpriced to me, buying now is like buying at top or near top. You might be a bag holder. Not a financial advice though

It's IPO is there way to fund that massive operation cost. So hindi tapaga okay, I will wait for a massive drop after IPO before considering buying

Bad buy as it is overpriced for sure. Okay yan if the price will drop significantly after IPO

Congrats bro! Sana makabawi din ako tulad mom i got burned millions and kakabalik ko lang sa investing ulit

Ginagawang money laundering na din kasi ng mga politiko at sindikato yan mga condo eh. Pinagtataguan din ng mga pera ng mga politiko. So in reality kahit gaano pa kamahal yan yung mga corrupt na political families bibilhin pa din yan. Tas ying mga uto utong mga OFW

Most buyers came from corruption politician. Free money ba naman sa kanila so they can buy without panghihinayang

Just don't buy condo. It's a massive overpriced specially for a thurd world country. Feeling new york yan? Babagsak din presyo nyan kung walang bibile ng condo. Hayaan na malugi lahat ng developer na yan na nagpapataas ng presyo ng real estate sa pinas. Kahit yung mga rent sa hindi condo nagtaasan dahil sa mga condo developer na yan eh. Wag din kayo mag invest sa mga REIT na yan

Buy at low sell at high. This can be interpreted in different ways or you can take it literally.

Most people ride the hype usually when specific assets already near ATH or at ATH. If you bought the hype high chances that you will hold the bag for long. So the best time to buy the assets is when no one giving a damn care to it. When people are scared of buying it.

This is an obvious overpriced. Imagine biglang nag 50% kaya dapat nireregulate din ang pricing ng condo. Pinapahirapan tayong mga Filipino eh

You are wrong, if walang bumibili ng condos sila ang malulugi sa kakabayad ng loan sa bank just to build that condo. They also take loans just to make it in advance. So kapag walang bumibili mapipilitan sila magbaba ng price. Also billionaires are just billionaire in asset and not in cash. So yung pera nila is literally set in stone.

To be honest this is the most stupid post I've ever read in reddit. Are you a condo agent and can't sell a unit?

Overpriced kasi magbenta, karma is real. Just burst that real estate bubble