How far is this inflation and overall instability taking us?
Am thinking of settling the 85% remaining balance of my installments on a lot before things get out of hand. Baka baguhin ni developer ang price.
In case of extraordinary inflation or deflation, whether official or unofficial, or devaluation of the Philippine
Currency during the effectivity of this Contract, the value of the Philippin eCurrency at the time of execution of this Contract
shall be the basis of payment in accordance with Articlerz5o of the Civil Code.The term extraordinary inflationshall occur
when the inflation rate reaches the level of fifteen(15%) percent as reflected in the official report of the National Economic
Development Authorityor itsequivalent institution, whiledeflationor devaluation shallmeanthe diminutionto the extentof
twenty-five(25%)percentin the valueof the Philippine Currency asreflectedin the BangkoSentral ng Pilipinas officialor
unofficial report. Insuchevent, SELLERmay,at itssoleoption: (a)Increase ordecrease theConsideration, andadjust theterms
of payment to reflecthe valueof the Philippine Currency at thetimethisContract wa***ecuted; or (b)Refundto BUYER,
withoutinterest, thetotalpaymentsmadethusfar.
Kawawa naman boss ko. He had to work non-stop until 4 am Sunday! And then he has to go to the airport in a few hrs for his vacation.
He messaged me at 1:30 am. Buti gising pa ko. Baliktad kasi ako pa mag sign off sa kanya e siya yung AVP lol
I really admire him because in spite of all the stress he never showed bad mood. He is so perfect. Baka kaya he has no hypertension kahit stressed siya.
We're still lucky though, better than being force retired
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I don't think they can change that once you have signed a CTS / DoS. Can they?
I'd worry about loan rates. My contact inside the bank says cost of funds now is rising (ratio is already negative for some) and can't keep their loan rates as it is.
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Sir fleas, that provision was actually lifted from the CTS I signed. I have all the permits and already posted bond to construct on it, I am now just choosing the right Contractor.
Then a post in FB about this sudden increase in interest rates gave me a jolt. Maybe i am just paranoid, but things look like an unusual event is just waiting around the corner to make inflation shoot up.
I thought, what have I got to lose, if I pay it now, less than 5k in total interest till it falls due July next year? And of course, a reduced budget for construction.
Oh well, first things, first.![]()
Well at least my boss is slave to one of the biggest most powerful organizations in the world![]()
Working Saturday and Sunday is not typical for us. It only started when our team was cut in half. Those of us that were left had to absorb the work of those that had to go.
Anyway, I feel very proud to be working alongside my bosses - power dressers, tall, good looking, alpha males but it takes a lot to keep that "prestigious" job. Natutuwa ako kasi I even talk fashion with my bosses LOL!
Himala. No traffic going to Ortigas. This is mid 2000s speed of travel (used to work in Ortigas)
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Backreading some threads here. Laughtrip [emoji23]
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My Mom sounds ridiculous when she talks bisaglish (if there is such a term) hahaha. Pinipilit pa kasi hindi naman marunong mag cebuano
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Cool off.. What is really going on when you get into it?
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