nice house or nice car?

[foresterx]

so here's the story, my original plan was to get rid of my forester so i can buy a new car by december both for me and my wife. my choices for me was the legacy wagon/wrx/hyundai gc, for my wife naman cruze/civic or my forester. pero since subaru isn't selling the legacy wagon and wrx anymore medyo nag dalawang isip na ko, i can't buy the gc because we're about to be a family of 4 na plus yaya. i couldn't think of any other car in that price range that i really want.

fast forward to yesterday, i went to lunch with my friend he's a bank manager, kasama niya isang friend niya who's selling condo units. after we ate lunch we decided to see one of the condo units for sale he wasn't selling it to us we were just curious and wanted to see the place. then i asked him how much it was, biglang humirit friend ko and said that i can afford the house and since i already have the money to buy 2 cars if i use that for the house i don't need to loan that much. so i said ok, see if the bank will approve and i'll ask my wife about it. then this morning tumawag yung friend ko and said that every thing is ready and just waiting for my go signal, ayun pinuntahan agad namin ni wife yung condo para makita niya and she loved the place. kaya pag uwi ko compute ko agad lahat ng expenses namin monthly and how much i have to pay monthly pasok naman lahat sa budget. wala talaga kami plan bumili ng new condo until yesterday.

right now my wife really wants the condo, it's really nice but i'd rather have a house than a condo. the problem is i can't afford a house that we want, we can only afford a small house but the condo is much much better than the houses we can afford right now. i can't decide if i should buy the condo now and have a nice place to stay, or buy a car for the both of us and stay in the same place but medyo masikip na para samin we can't even have visitors dahil maliit ang condo namin ngayon.

i need help, i can't decide what to get! hilong hilo na ko kakaisip. not exactly the condo or a car. if in you're in my place which would you get?

[Chikselog]

I'd say go for the one na kailangan nyo talaga. Need nyo rin po ba yung car sir? Judging from your story I think you need the condo than the new car.

[jimnyeatworld]

hindi naman asset ang condo eh, tignan mo foreigners can own it, but they can't own house and lot as mandated by law. bakit kaya? isip-isip.

kung ako sayo bumili ka na lang ng Hyundai Sta Fe para mapalitan yun Forester mo then buy the small house and lot

[shakatak70]

mas maganda "nice House" if you have enough money to get a new condo

Nice Car - madali lang mabili yan investment wise not as promising as the condo.

[[archie]]

IMO sir you made the mistake of showing her the condo. hehe

if you were to ask me, ill save up and buy the house of your choice. a condo is a condo until they demolish it. a car is a car until it cant bring you from point a to point b. while ang bahay kahit mawala, may lupa pa rin na title. ako kasi i like to rent a condo but not live there as my own.

no offense sa mga condo owners but IMO youre just buying air kasi kung ma-giba... ilan kayo maghahati hati sa lupa? magulo and no where to rebulid. unlike sa bahay, its in your name, land and improvements.

my 2 cents

[foresterx]

I'd say go for the one na kailangan nyo talaga. Need nyo rin po ba yung car sir? Judging from your story I think you need the condo than the new car.

i don't need a new car, more of want a new car but my wife needs one.

*shakatak70: yon nga din sabi ni wife good investment daw since tumataas ang price, while the car bumabagsak ang price. ok lang daw wala muna siya kotse pero sa akin hindi ok mag commute siya lalo na sa panahon ngayon.

[shakatak70]

mas maganda "nice House" if you have enough money to get a new condo

Nice Car - madali lang mabili yan investment wise not as promising as the condo.

[foresterx]

IMO sir you made the mistake of showing her the condo. hehe

if you were to ask me, ill save up and buy the house of your choice. a condo is a condo until they demolish it. a car is a car until it cant bring you from point a to point b. while ang bahay kahit mawala, may lupa pa rin na title. ako kasi i like to rent a condo but not live there as my own.

no offense sa mga condo owners but IMO youre just buying air kasi kung ma-giba... ilan kayo maghahati hati sa lupa? magulo and no where to rebulid. unlike sa bahay, its in your name, land and improvements.

my 2 cents

i agree with this and i was thinking the same thing. yon nga lang right now we need a bigger place.

*gm/jimmyeatworl: isn't it past your bed time?

[[archie]]

suggestion lang sir... if your family needs a bigger space, why not shop around for a house that you can afford to loan rather than the condo? if your budget permits to buy a brand new condo, im sure there is a house for sale that has 3br with maids quarter that you can afford.

[frenchtower]

If I'm to decide, I'll buy the condo as an investment and resell it once the price appreciate. By then, I will have more money to afford a house and lot.

[CVT]

Nice house for me....

Take the condo as an investment (spring board)...

11.2K:bee:

[tidus1203]

Are you kidding, of course nice house!!!

And yes agree ako, I myself don't like condos... Its the land that lays the golden eggs and not the house. If you have a condo you don't own any land, the developer owns the land you just own the room...

[anonemus]

Are you kidding, of course nice house!!!

And yes agree ako, I myself don't like condos... Its the land that lays the golden eggs and not the house. If you have a condo you don't own any land, the developer owns the land you just own the room...

+1000!

[foresterx]

90% decided na kami on the new condo, i really want a house but the problem is i can't afford one right now that we really want. balak ko kasi pag bumili ako lupa lang tapos patatayuan ko ng sariling design para yung gusto na talaga namin. and yung lupang bibilin syempre sa magandang lugar, maayaos na lugar at gated village na ko bibili para safe lalo na madalas ako mag ibang bansa. i won't be able to afford that now but i can afford the new condo, and pa-rent ko ang current condo ko, after 3-5 years i can sell both condo and buy my own land and build my dream house.

anyway here's the advantage naman of the condo over a house:
-free pool
-free gym
-security guard
-24 hour maintenance
-no brown outs
-easy to maintain but expensive
-no insects
-right beside a mall which has everything including grocery store and everything else that we need(big plus for the wife)

ayaw ko na isispin ang mga disadvantage and yes i still prefer a house, but like i said if bibili ako ng bahay yung maganda at gusto ko na talaga para lifetime na yon ang bahay ko hangang sa tumanda na ko. for now condo na lang muna.

[vinj]

IMO, good decision. Although a house is indeed what you want , the condo is still an appreciating asset versus the car and can help in obtaining your dream house later on whether by selling it or renting it out. Given also it seems to have a convenient location, the wifey will have less trips to take with the car.

Di naman Wil Tower yan.

[_Qwerty_]

not true.. developer doesn't own the land.. the land is owned by the condo corp, and as a unit owner, you own part of the land as well.

Are you kidding, of course nice house!!!

And yes agree ako, I myself don't like condos... Its the land that lays the golden eggs and not the house. If you have a condo you don't own any land, the developer owns the land you just own the room...

[glntVR]

Go and get the condo unit. Next time you can just rent it out or resell it to finance a house and lot.

I'm sure the car can wait, if you really don't want your wife to commute (if I had a wife I would'nt want her to) just get a more affordable and practical car.

[shadow]

siyempre nice house, natatawa nga ako sa ibang yuppies eh, kumpleto sa mga latest gadgets, ang gaganda ng kotse tapos apartment lang nakatira na wala pang garage.

then 10 yrs to pay yun mga kotse..

[Mguy]

Sir, parang impulse buying yan. Something that you should never do when spending a lot of cash like that. You should do more research. Check out other locations. Check other houses rin.

Problem with condos now is that most people who buy condos ay mga OFWs. So yun swimming pool and other amenities, maraming tumatambay na kamag-anak ng tenant. Tuloy, you would see a jeepney load of people swimming sa pool, parang ginawang Pansol tuloy.

I think that condos would cost 3-4M and specially sa iyo na big na family, you would get a 3 bedroom type. Houses would cost 5-6M. Ask your bank to recompute and see kung kaya pa ng finances mo.

As for the car naman, buy a practical and cheap car muna. Civic for you and Jazz for the wifey. Or go lower with Fiesta for you and I10 for the wifey.

[IMm29]

Between the two, nice house definitely. It's a long term investment. You still can't live in your car, even if you're on the road a lot.

As to the condo, for the price of a spacious unit, you can get a house and lot. But then, it's not just real estate size that you're after. That unit is probably in a metropolitan area, close to where you work, where your kids study and basically where your day to day activities are centered. And the house and lot (of the same price range, that is), is probably 10-20 kms away at least, via a paid highway even.

*foresterx,
Congrats on your purchase. The condo is a good stepping stone for the house and lot. Of course if you could go directly to the house and lot, that would be better, but the condo's not a bad step.