Traffic In Manila - Who Contributes The Most?

**jresperanza** · February 27th, 2022 01:40 AM

example: friday feb 25, 22 holiday 3 PM - sm moa pasay parking dept store side, 1st level (4th floor) pa lang traffic na pagkatapos ma kuha ang parking ticket, baket traffic? kase full parking na ang 1st level (4th floor) at may mga naka waiting na naka hazzard sa parking area na nag hihintay na may mabakante/umalis, hindi yata nila alam na meron pa parking sa itaas na floor dahil madilim ang parking ng sm, syempre isa bad example lang ang kailangan para gumaya ang iba... mga security guard wala pakelam kahit pag sabihan pa na dapat hindi pinapayagan mag waiting dahil meron pa naman tlga parking sa taas...

**Miles_on** · February 27th, 2022 08:46 AM

Originally Posted by viper888

Its also the banks and other financing companies being irresponsible in handing out loans. I've heard of cases of people declaring just 50k a month being granted loans that cost 28k per month. A rule for financing property is that the monthly payment should not exceed 30% of the borrower's net income. Perhaps for cars, it should be 20% or less.

Actually, #1 target ng mga banks, lending institutions and yung mga middle class na ganun.

Not too poor to completely abscond;
With some means to pay (may kaya naman konti), who'd likely continue to try to make payments somehow and with some assets that can be foreclosed on; and
Preferably vain, or yung tipong social climber type.

Typical example that I personally know of:

Owns (higher tier) cars, parks on the street, rents their home – misses payments to landlord occasionally bec. when the bills and installments come “gipit” daw sila. When tuition time comes, (more) loans ulit, branded lahat gamit, installment din. They may have fine things, project to the world what a wonderful life they have, but are practically living in debtor’s hell. If some great need arises (hospitalization, etc.) they sell off their depreciated assets (na hindi pa rin nila tapos bayaran) at a loss.

It’s their life, wala ako paki dun, but… mayabang & mapang-mata pa!

**17Sphynx17** · February 27th, 2022 09:33 AM

Originally Posted by jresperanza

saan yan, meron kase mga condo na hindi sumunod sa building code daw na 1 unit = 1 parking slot, paano pa yung may unit na dalawa o mas madami pa ang sasakyan???

The building code actually doesn't require 1 is to 1 all the time sa parking ratio for condos/apartments. I needs to be a minimum condo unit/dwelling unit.

50sqm unit or below, ratio is 1 slot for 2 units
Above 50 to 150sqm ratio is 1slot is to 1unit
Above 150sqm ratio id 2 slot for 1 unit

The only thing that makes this stricter is a local zoning ordinance.

Now, as for having more than 1 car, blame color coding 'traffic solution'.

As for the purpose of condos/high density develooments (mixed use). The purpose should have been the limit or remove the need to use a car to cater to the residents needs. Work, study, eat and live are all within walking distance hence, it made sense why you wouldn't need a lot of parking.

Reality though is different. And those who love in condos are not likely the be within walking distance to what caters to daily needs (work, eat and study) defeating the purpose of developing high density in an area where the roads leading in and out of it were not meant to handle the increase in traffic brought about by the development as they were not upgraded.

Or the developments itself were given zoning exemptions, hence defeating the intent of the city planners who painstakingly did study for zoning/land use and street sizesmlane widths.

If the government establishes some form of price control/requirement ala singapore to car purchases, i dont know if it is doable here from an economic standpoint given how weak local manufacturing is, and how dependent circulating cashflow is in trade of services. So it will cripple multiple industries, not just car dealers.

**papi smith** · February 27th, 2022 09:34 AM

Originally Posted by viper888

Its also the banks and other financing companies being irresponsible in handing out loans. I've heard of cases of people declaring just 50k a month being granted loans that cost 28k per month. A rule for financing property is that the monthly payment should not exceed 30% of the borrower's net income. Perhaps for cars, it should be 20% or less.

And there's the seller trap also, where you can pay as low as 10% equity in installments and take out a loan for the remaining 90%, only to know later that banks require 20% equity or can only loan you up to 80%.

**17Sphynx17** · February 27th, 2022 09:41 AM

Originally Posted by papi smith

And there's the seller trap also, where you can pay as low as 10% equity in installments and take out a loan for the remaining 90%, only to know later that banks require 20% equity or can only loan you up to 80%.

Re condos, i have seen a sales contract of a condo where the developer has right of first refusal when the owner decides/wants to sell the condo.

They technically (by contract) aren't allowed to sell it to third party until the developer says they are not interested.

Not all condo contracts are like that but i have seen one.

**dr. d** · February 27th, 2022 10:40 AM

Originally Posted by 17Sphynx17

Re condos, i have seen a sales contract of a condo where the developer has right of first refusal when the owner decides/wants to sell the condo.

They technically (by contract) aren't allowed to sell it to third party until the developer says they are not interested.

Not all condo contracts are like that but i have seen one.

i wonder,
"how's the price naman, if developer is the re-buyer?"

**uls** · February 27th, 2022 10:41 AM

Its also the banks and other financing companies being irresponsible in handing out loans. I've heard of cases of people declaring just 50k a month being granted loans that cost 28k per month. A rule for financing property is that the monthly payment should not exceed 30% of the borrower's net income. Perhaps for cars, it should be 20% or less.

coz lenders are competing with each other

if your lending standards are strict and other lenders are lenient, they'll get the client

so everyone relaxed their standards

that's why during the years leading up to the pandemic (starting around 2014 all the way to 2019) there was massive credit creation year after year (each year's amount of credit creation higher than previous year and hit a wall in 2020)

literally anyone with a little bit of income can get a loan

**17Sphynx17** · February 27th, 2022 10:46 AM

Originally Posted by dr. d

i wonder,
"how's the price naman, if developer is the re-buyer?"

The price, since they are the one who sold it to you, is usually around that figure even if the rest of the later phases are already being sold at higher prices because of increased valuation/srp. Hehe.

If you also try to use it as collateral for loan, if your developer is also a bank, the market valuation they will use is not prevailing market value but also the price it was sold under before using the max 40% loanable amount against the collateral.

Hehe.

This is what I have encountered. Not sure how prevalent the practice is though.

**uls** · February 27th, 2022 11:01 AM

ano cause ng madami sasakyan at condo sa NCR?

lumaki ang population ng NCR and everyone needs a place to live

solution: condo -- land is scarce so you build upwards

everyone needs to move around

since pangit ang public transport everyone buys private transport -- 2 wheels, 4 wheels

enabler: hulugan

**ice15** · February 28th, 2022 11:36 AM

Originally Posted by 17Sphynx17

Now, as for having more than 1 car, blame color coding 'traffic solution'.

agree ako dito... gone are the days when a family can survive with 1 car lang.

sad part, yung extra car will be used by another family member kapag di sya "coding." hence, a household as 2 cars (or more) on the road instead of just having 1