Quote:
Originally Posted by atlargex  If your capital is in US dollar, I would said yes to that.....based on exchange rate alone versus to what it was less than a year ago (beginning of Feb 2008), cost of goods in Philippines including real estates are now selling at about 15% discount. |
If the peso should go to 50-1, buying would be much more attractive, at
least for the dollar buyers. A P5M house at 50-1 is $100K, that same house
a year ago at 40-1 was $125K. A huge difference. Doesn't make any difference to the seller, as long as he is keeping the pesos.