Quote:
Originally Posted by pecoskid45  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. |
Agreed, if someone's looking to buy a house in Philippines I'd suggest that they wait for Peso to tank some more.....I do however speculate Peso will go beyond 50 to 1 by next summer .