Need advice: rent or purchase a home

**dr. d** · June 26th, 2017 11:08 AM

Originally Posted by _Cathy_

I wouldn't live in Bacoor even if they paid me. The commute would be a total nightmare.

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i'd live in bacoor, if i worked in bacoor.
it's relative.

**EQAddict** · June 26th, 2017 11:41 AM

Originally Posted by dr. d

i'd live in bacoor, if i worked in bacoor.
it's relative.

Correct.

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**lowslowbenz** · June 27th, 2017 01:56 PM

Originally Posted by dreamur

It is amazing to find a 3BR single detached house in Bacoor at 1/3 the price of a 1BR condo in BGC.

Exactly. This is why I bought a house further down the road, in Imus. Working in Makati, living in Imus.

I'm still alive .........

Sanayan lang yan.

Plus, you have a proper garage for your car, a small yard to entertain friends over some BBQ, etc ...

**_Cathy_** · June 27th, 2017 02:06 PM

Originally Posted by EQAddict

Hehehe i live in QC. You dont know what a nightmare commute is until you do my commute (katipunan, edsa, makati). Having said that land prices here are sky rocketing traffic be damned.

I have invested heavily in real estate. Nothing in my opinion has appreciated as fast as BGC (condos) and land in the city. Of course if i had LAND in makati id live there hehe. But i dont.

My advice is rent for two years then take the plunge into real estate when your career is on the upward trajectory. You will always want to upgrade and upsize when youre this young. So dont buy now. If you lock yourself in now.....2 years hence when you have more money and can afford a bigger place, you might regret being shackled into a long term contract.

Rent first....get hungry.....then go for it.

Home ownership means capital appreciation. If you're into that sort of thing. Others want the freedom of being a renter....but you will never have the capital gains that the landed will have. Unless you're an investment genius like Warren Buffet.....

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But your parents have land in Makati so that's practically yours too

Magallanes is relatively cheaper, you don't like?

Originally Posted by dr. d

i'd live in bacoor, if i worked in bacoor.
it's relative.

Well yeah. That's why my parents would only allow me to work close to home :P I'm so glad I listened

But traffic is so horrible now, I timed in once, took me 30 mins for a one kilometer stretch (this was at 5:30 pm)

**Wh1stl3r** · June 27th, 2017 02:56 PM

Originally Posted by lowslowbenz

Exactly. This is why I bought a house further down the road, in Imus. Working in Makati, living in Imus.

I'm still alive .........

Sanayan lang yan.

Plus, you have a proper garage for your car, a small yard to entertain friends over some BBQ, etc ...

+1. That's also what I mean in part by value. Space to stretch out. Plus the air is cleaner, the nights quieter and the views better.

Commercial property in the outskirts appreciate fast too. Maybe not as fast as BGC condos but it's the residential ones that take a lot longer to appreciate.

**MR_BIG18** · June 28th, 2017 09:20 AM

we have a few studio type rooms(28sqm)here in pque, most of my tenants are couples without kids pa...they move out once they are ready to have kids or they have the budget to get a bigger place

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**dr. d** · June 28th, 2017 09:32 AM

"i wonder... does 'rent-to-own" really work?"
i mean, what advantage does it have, over the traditional "hulugan" ?

**benchman** · June 28th, 2017 10:54 AM

Originally Posted by dr. d

"i wonder... does 'rent-to-own" really work?"
i mean, what advantage does it have, over the traditional "hulugan" ?

i might be wrong; much less interest with rent to own.
you pay as if you're just renting the unit? with longer term?

**x.mayor** · June 28th, 2017 11:16 AM

rent first, don't settle yet!

if you're both working, it will be totally a whole new world when baby came in the picture. believe me there's scarcity of good "yayas" nowadays! usually, the option is to move near your parent's or in-law's place or have 1 of them with you to look after your child (in case your parents or in-laws are still living and able).

on my own experience, we finally settled for our own house after 10 years of renting. on the first 2 years, we rented a small apartment near my wife's office. when the first baby came, we transferred to an apartment near my in-laws place so they can look after the baby (with the house-help/yaya) when we're at the office.

**_Cathy_** · June 28th, 2017 08:11 PM

40k sq/m daw sa teacher's village? Ang dami ko kasi nakitang townhouse na 3 floors. My Tita just moved there. Nasa 15M mga bagong townhouse dun? !? Pero ang lapit daw nila sa Ateneo

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