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  1. Join Date
    Sep 2014
    Posts
    1,530
    #1
    For a car, atleast 40k total family income. For the sub 700k cars.

    For a house? Well, do what the IS did. SQUAT! It is free, and you will get tons of dole outs.

    Social justice at its best.

  2. Join Date
    Dec 2006
    Posts
    17,314
    #2
    I'd get a house too even if it means my income would be sagad, since a house is an investment you should make as early on as possible because land is running out, and land appreciates very quickly.

    But I agree with you completely, a car is not worth that level of financial pressure.

  3. Join Date
    Sep 2014
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    1,530
    #3
    Quote Originally Posted by jut703 View Post
    I'd get a house too even if it means my income would be sagad, since a house is an investment you should make as early on as possible because land is running out, and land appreciates very quickly.

    But I agree with you completely, a car is not worth that level of financial pressure.
    Space will never run out.

    We humans tend to innovate to build more space.

    Land... well you really do not need land, but you need space to call your own.

  4. Join Date
    Dec 2006
    Posts
    17,314
    #4
    Quote Originally Posted by b_9904 View Post
    Space will never run out.

    We humans tend to innovate to build more space.

    Land... well you really do not need land, but you need space to call your own.
    Gusto ko house and lot sa metro manila eh. Don't tell me that's not running out and getting very expensive, because it is.

  5. Join Date
    Sep 2014
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    1,530
    #5
    Quote Originally Posted by jut703 View Post
    Gusto ko house and lot sa metro manila eh. Don't tell me that's not running out and getting very expensive, because it is.
    Well h&l in Metro Manila is impractical, considering the cost of acquiring one and maintenance wise (read: amilyar).

    Buy in North Caloocan if you really want one. Madami pa dyan at mura.

    Imho, buy somewhere or something else more practical.

  6. Join Date
    Jul 2007
    Posts
    57,771
    #6
    Quote Originally Posted by b_9904 View Post
    Well h&l in Metro Manila is impractical, considering the cost of acquiring one and maintenance wise (read: amilyar).

    Buy in North Caloocan if you really want one. Madami pa dyan at mura.

    Imho, buy somewhere or something else more practical.
    RET is not that bad (I used to make the payments for several years). The cost never went up. It seems like they don't ever update the RET from when you acquired the property. We don't pay that much for my Lola's house and it is in the middle of MM.

    Caloocan is too far from the CBDs and are there plans of developing Caloocan? I would rather buy South.
    Last edited by _Cathy_; March 16th, 2015 at 01:22 AM.

  7. Join Date
    Dec 2006
    Posts
    17,314
    #7
    Quote Originally Posted by b_9904 View Post
    Well h&l in Metro Manila is impractical, considering the cost of acquiring one and maintenance wise (read: amilyar).

    Buy in North Caloocan if you really want one. Madami pa dyan at mura.

    Imho, buy somewhere or something else more practical.
    Not everyone wants to live in Caloocan. I'd rather save more to get a house near the CBDs. Of course it's more expensive, but that's the price you pay for convenience.

    If I leave my office at 6pm, I'd be home by 6:20 and I'd be done with my dinner and biking before the guy who drives from BGC to Caloocan even gets home.
    Last edited by jut703; March 16th, 2015 at 01:44 AM.

  8. Join Date
    Mar 2013
    Posts
    6,160
    #8
    *jut

    "If I leave my office at 6pm, I'd be home by 6:20 and I'd be done with my dinner and biking before the guy who drives from BGC to Caloocan even gets home."

    Now that makes me sad hahaha. I live in QC and work in makati.

  9. Join Date
    May 2014
    Posts
    14,700
    #9
    a bit off topic post para kay TS
    nung nasa ganyan range pa lang sweldo ko noon and maliit pa buy and sell ko, 50" plasma tv and hi end computer lang pinangarap kong bilhin (di sumagi sa isip ko yung auto). kahit na kaya naman i-swipe sa credit card di ko parin tinuloy dahil DI SIGURADONG mababayaran ko. though OK naman ang kita sa buy and sell, di naman sya stable income. ending, i bought the hi end computer setup (spent 180k in a span of 2 years) instead of buying both.
    Last edited by ninjababez; March 16th, 2015 at 07:26 AM.

  10. Join Date
    Feb 2009
    Posts
    5,167
    #10
    Never bite off more than you can chew.(unless you are an anaconda-no chewing)

  11. Join Date
    Feb 2009
    Posts
    5,167
    #11
    In the island of guam you can afford a car even if you only make minimum wage. It just have to be a korean car of a used one

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How much should I be earning to avail a car or at least get a car loan?