VesperLynd posted a good link about the Phillipines. This is on post 128081 on another board.http://www.stretcher.com/stories/981015g.cfmIt should be appropriate for Retire Well on Less.Blackduff
Sorry that my spelling has gone to the dogs. It should be Philippines and not as I wrote of Phillipines.SorryBlackduff
VesperLynd posted a good link about the Phillipines. This is on post 128081 on another board.This should be at Retire Early Home Page. I seem to have an amount of problem in getting this post today.Blackduff
That article is 100% correct. While I am not retired, I live and work in Jakarta and once you get use to this life, you can never go back. Imagine NEVER cleaning your house, NEVER driving a car (here we have drivers for about US$100 month), NEVER cleaning the table after dinner, NEVER cooking, and dining out for two for about US$10-15 for a nice international meal. So you think you have a lot of free time. Wrong. Once you are free from the mundane, your life suddenly fills with projects that you have always wanted to do: reading, photography, socializing frequently, really managing your stocks and investments, etc. While it sounds a little scary to move to a foreign country, after about a year you realize you can never go back to the "old" life. And I have more friends in Jakarta than I ever thought of having in the U.S.ToroBravo2003
Toro writes:>>>>>That article is 100% correct. While I am not retired, I live and work in Jakarta and once you get use to this life, you can never go back. Imagine NEVER cleaning your house, NEVER driving a car (here we have drivers for about US$100 month), NEVER cleaning the table after dinner, NEVER cooking, and dining out for two for about US$10-15 for a nice international meal. >>>>>Thanks Toro. I would actually consider moving there. The PPP of Phillipines shows that it's currency is undervalued by about 50% relative to the dollar. This means that the dollar goes a long way there.Question: Would it be possible to go to the Phillipines on vacation to scout it out? Are there short term furnished apartment rentals at reasonable rates (where I won't get taken for being a foreigner?) where one could sort of check out the lay of the land? I would be more interested in leaving near the sea in some sort of beach front community. I love Thailand and am doing some traveling there over the winter. Maybe I should put The Phillipines on my list for winter travel next year?-reb
http://boards.fool.co.uk/Message.asp?mid=8154238This is a post from the Motley Fool UK about the Philippines.To say the banks were not receptive would be an understatement. Even though my wife is Filipina, with interest rates at 21% (yes, that is correct), there was almost no lending market. On top of that, the loan to value percentages were a max of about 60% - nobody was taking any risks. Essentially it was a cash market, with almost the only prospective buyers being foreigners.This is from a thread about the Philippines on the TMF UK. You can back into the thread from here.Blackduff
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