Philippine Economy Talk

[uls]

Connected.


Can Airbnb Survive? - YouTube


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[shadow]

renegotiate means mas mababa rent

so less income for malls

meron expenses mga mall so damay yun

it doesn't stop at one thing

everything's interconnected

-

mall owner borrowed money to put up a mall

income from rent goes to paying the loan

renegotiate --> lower rental income --> mall needs to cut costs to meet debt obligations

if you're on the receiving end of malls' cost cutting you lose income too

Iniipit kaya ng SM mga suppliers nila ngayon?


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[uls]

Iniipit kaya ng SM mga suppliers nila ngayon?


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during good times kilala ang SM matagal magbayad diba?

paano pa sa panahon ngayon

[shadow]

during good times kilala ang SM matagal magbayad diba?

paano pa sa panahon ngayon

Yup. Kaya nga iniisip ko mga suppliers nila ngayon. Wala.magawa dati eh di mas lalo na ngayon. Sigurado dinadahilan din ng SM covid. Siguro kahit for release na dapatga tseke, na hold pa.


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[uls]

damay damay talaga

[dr. d]

Normally, the malls would “renegotiate” the rental fees if they still want to keep their tenants.

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thoughts of a non-economist,

i think they should.
if the current tenant leaves, is there a long line of applicants, ready to jump in and take their space, what with this covid crisis?
half a rental fee is better than no rental fee.

[uls]

in this business environment i doubt if there are businesses waiting to fill the vacuum created by established names

(established names = big name tenants)

i mean if established names can't make it, lalo na mga lesser known ones

the problem is mall traffic

konte lang tao eh

kahit may new tenant mag replace, the new tenant soon realize "hey there are no customers there's no way i can sustain this"

[jut703]

Was in The 30th yesterday. Wala talagang tao parang ECQ lang din. Wala na ngang tao when the economy was ok, paano pa ngayon.

Unfortunately ilang milyong negosyante muna malulugi at maghihirap bago tamaan mga tycoon.

I've never heard of anyone from the Forbes Top 100 Filipinos (kahit gawin mo pa siguro top 10,000) na nung nalugi negosyo naging middle class nalang. Meron at merong backup yan. Kung malugi negosyo may koneksyon pa rin to start up some new business.

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[_Cathy_]

Was in The 30th yesterday. Wala talagang tao parang ECQ lang din. Wala na ngang tao when the economy was ok, paano pa ngayon.

Unfortunately ilang milyong negosyante muna malulugi at maghihirap bago tamaan mga tycoon.

I've never heard of anyone from the Forbes Top 100 Filipinos (kahit gawin mo pa siguro top 10,000) na nung nalugi negosyo naging middle class nalang. Meron at merong backup yan. Kung malugi negosyo may koneksyon pa rin to start up some new business.

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10,000 marami din "naghihirap" even before the ECQ. Off the top of my head, I know 3 who moved from 9 digit worth houses (I would classify that as rich) into less expensive areas. Recently, my Mom's HS classmate who lives in a 1,000+ square meter house in Makati, the mother died, siblings decided to sell the family home and her portion was only enough to buy a condo near the old home. Hindi rin safe mga mayayaman, unless nga top 1000 or tycoon level...

[jut703]

10,000 marami din "naghihirap" even before the ECQ. Off the top of my head, I know 3 who moved from 9 digit worth houses (I would classify that as rich) into less expensive areas. Recently, my Mom's HS classmate who lives in a 1,000+ square meter house in Makati, the mother died, siblings decided to sell the family home and her portion was only enough to buy a condo near the old home. Hindi rin safe mga mayayaman, unless nga top 1000 or tycoon level...

Yes merong mga significantly natamaan. But if you had 500M and you lost 99% of all your money you'd still have 5M and that is still far, far more than what the average Filipino has.

Boohoo had to move out of Forbes to live in an Avida condo. Millions will never even be able to afford an Avida condo, even if they work hard for 30 years.

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[Lin Dan]

thoughts of a non-economist,

i think they should.
if the current tenant leaves, is there a long line of applicants, ready to jump in and take their space, what with this covid crisis?
half a rental fee is better than no rental fee.

Exactly doc


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[Lin Dan]

renegotiate means mas mababa rent

so less income for malls

meron expenses mga mall so damay yun

it doesn't stop at one thing

everything's interconnected

-

mall owner borrowed money to put up a mall

income from rent goes to paying the loan

renegotiate --> lower rental income --> mall needs to cut costs to meet debt obligations

if you're on the receiving end of malls' cost cutting you lose income too

This is where the saying “bite the bullet” comes in.


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[Deestone]

Yes real estate prices is on lockdown sale right now due to the pandemic. Anyone interested buying a condo in roxas blvd and mall of asia while on sale? Just let me know im selling mine and will give commissions for referral. Need to liquidate a bit....

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[_Cathy_]

Yes merong mga significantly natamaan. But if you had 500M and you lost 99% of all your money you'd still have 5M and that is still far, far more than what the average Filipino has.

Boohoo had to move out of Forbes to live in an Avida condo. Millions will never even be able to afford an Avida condo, even if they work hard for 30 years.

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But still that's not something a 70+ yr old should experience, she's too old to have to adjust to a new lifestyle, she is widowed with all her children living abroad. I think downgrading one's lifestyle is a tragedy,no matter the income class.

I do hope Filipinos will be able to bounce back kaagad from this nightmare pandemic

[papi smith]

Who is boohoo?

[papi smith]

Babagsak ba mga prices ng Condos? Pinag usapan namin nun friend po the other day. Opportunity daw sa kanya at bibili siya ng mga condo, mag take a advantage daw siya


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Hirap naman tubuan nyan unless fire sale ang presyo, ang laki ng transaction taxes when you buy and sell, factor mo pa cost of money mo while waiting for market to recover.

[dreamur]

Who is boohoo?

Hehe...tdk siguro yan bro. [emoji23][emoji23][emoji23]

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[dr. d]

Who is boohoo?

if it's a famous person's circumstantial nickname, i do not recognize it.
perhaps it is a generic person whose fortunes have dictated his "moving out"...?

[uls]

seryoso kayo?

boohoo?

OMG hindi tao yan

when jut703 said

Boohoo had to move out of Forbes to live in an Avida condo. Millions will never even be able to afford an Avida condo, even if they work hard for 30 years.

he meant "so Cathy knows someone who had to move out of Forbes and live in an Avida condo... kawawa naman i'm gonna cry boo hoo hoo"

[tsupermario]

kapatid ni booyah