Does investing on a condominium still a good idea?

**sparc179** · March 22nd, 2019 10:42 AM

My brother recently asked me also if buying a Condo in M.M. is a good investment nowadays, right away I said no. Mainly because of the influx of Chinese mainlanders and the very big possibility that the "Big-One" will hit the Metro sometime soon. We are long overdue for a big earthquake in Luzon. Something to consider, especially if you are a Prepper.

JMHO.

**boybi** · March 22nd, 2019 10:47 AM

Would prices of condos fall once magalisan mga mainlanders? Like if the next president e ayaw sa China and paalisin mga mainlanders dito.

**Wh1stl3r** · March 22nd, 2019 11:43 AM

My cousin who lives in NA said the same thing is happening there. Wealthy Chinese buy up so many condos, a lot of the locals can't afford them anymore and have to buy properties a lot farther from city limits.

Wife's cousin in the EU also said something similar. Looks like a global thing this Chinese buying spree.

Not sure how I feel about it. On one hand, lots of paper gains for people who own condos. Prospective local buyers being forced out of the market in the other.