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  1. Join Date
    Nov 2005
    Posts
    45,927
    #1
    Quote Originally Posted by vinrem View Post
    For 1 is that prices will go up, yung mga chinese kasi di masyado tumatawad, if they buy food sa wet market and when they convert the peso to rmb and find it cheap bili agad, walang tawad tawad na.

    korek

    when people with more purchasing power go into a city they drive up prices of everything (real estate, rent, etc)

    locals (who can't afford the higher cost of living) will eventually have to move to somewhere more affordable

  2. Join Date
    Oct 2007
    Posts
    3,122
    #2
    Quote Originally Posted by uls View Post
    korek

    when people with more purchasing power go into a city they drive up prices of everything (real estate, rent, etc)

    locals (who can't afford the higher cost of living) will eventually have to move to somewhere more affordable
    Did you know that they pay 1 year rent in full??? Not monthly ha, may it be house or store, 1 year bayad na, kaya mas gusto ng ibang tenant yung mga mainlander.

    A few months back, may pinakilala sa akin na chinese, she's a real estate agent but she's selling condos sa mga mainlander, sometimes I see her post sa wechat, mostly na condo na binebenta nya ay sa BCG and Makati area.

    Sent from my ONEPLUS A6003 using Tapatalk

  3. Join Date
    Nov 2005
    Posts
    45,927
    #3
    Quote Originally Posted by vinrem View Post
    Did you know that they pay 1 year rent in full??? Not monthly ha, may it be house or store, 1 year bayad na, kaya mas gusto ng ibang tenant yung mga mainlander.

    A few months back, may pinakilala sa akin na chinese, she's a real estate agent but she's selling condos sa mga mainlander, sometimes I see her post sa wechat, mostly na condo na binebenta nya ay sa BCG and Makati area.
    yes 1 year rent ang bayad

    -

    yup PH condos are being marketed to mainlanders

    -

    this is what locals are competing with

    no mystery why real estate and rent prices keep going up

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