We hear more often from the guys who lost their shirts trying to do business in the Philippines. Most discourage others from even trying because they failed and they don't want to see another foreigner succeed. I'm sorry about their bad luck but it hasn't rubbed off on me. I am successful. My wife and I have not made a fortune but make enough to live comfortably every month. … [Read more...]
Working On The Building
One of the major concerns an expat has when considering retiring to the Philippines is the housing question! This was a concern 28 years ago in the Philippines and it remains a frequently asked question in 2014. Most expats are not interested in living in a native nipa or bamboo house but believe it or not, some expats embrace that adventure! I know a couple of Americans who … [Read more...]
Build, Buy, Rent or Squat
Many expats retiring to the Philippines are still seeking the best housing option for their particular situation. Some expats have not learned yet that foreigners cannot own land in the Philippines, however, they can own a condo or a townhouse if the complex is 60% owned by Filipinos. A foreigner can own a building, yet not the land, but this involves an attorney drawing up the … [Read more...]