The American Dream Is Every Man’s Nightmare

[Taco]

Financially, the “American Dreamâ€￾ is a man’s nightmare. It’s far too expensive. So it’s best to circumvent the whole thing by not even dating an American woman with the intention of marriage.

The American Dream Is Every Man’s Nightmare
http://www.returnofkings.com/37502/the- ... -nightmare

[Teal Lantern]

Hey Taco,
What's interesting is how similar some of the comments on RoK echo the comments on ... less player-oriented sites where this piece was cross-posted.
This is gon' get good.

[Taco]

If you have a Filipina wife you can buy a 2 bedroom house in the Philippines for around $15,000 to $25,000. Or you can rent a 2 bedroom house for $90 to $250 a month. Either way, your Filipina will be as happy as a pig in mud. There's no need for a $1500/month mortgage.

[Teal Lantern]

If you have a Filipina wife you can buy a 2 bedroom house in the Philippines for around $15,000 to $25,000. Or you can rent a 2 bedroom house for $90 to $250 a month. Either way, your Filipina will be as happy as a pig in mud. There's no need for a $1500/month mortgage.

Is having a Filipina wife a requirement for owning/renting the property?

[Jester]

Is having a Filipina wife a requirement for owning/renting the property?

Taco or Outwest will know better... but from my research:

Renting is OK for a single Kano.

Owning can only be done by a Filipina wife, except in certain high-rise condos.

[Jester]

[Halwick]

If you have a Filipina wife you can buy a 2 bedroom house in the Philippines for around $15,000 to $25,000. Or you can rent a 2 bedroom house for $90 to $250 a month. Either way, your Filipina will be as happy as a pig in mud. There's no need for a $1500/month mortgage.

$15K to $25K for a house or $250/month rent sounds pretty reasonable. But how do these costs compare to the average earned income in the Philippine, relatively speaking?

And then there's the monthly "cost" of supporting your Filipina's parents, subsidizing her sibling's education or contributing to ongoing family emergencies. How much do you have to pay? I've found most kanos married to a Filipina don't like admitting or disclosing to that additional hidden overhead cost. Does that $250/month rent balloon up to $1500/month by the time you factor in the monthly Filipina Family Fee?

[Yohan]

Is having a Filipina wife a requirement for owning/renting the property?

I can speak only about Cebu.
There is no problem about rent. You can rent whatever you like.

Foreigners can buy and own a condominium unit under certain circumstances. Foreigners cannot buy land.

Foreigners however might contact a developer of a 'secure housing compound'. You might lease a land plot inside the compound of your choice and construct a house on it. Some developers have also already land+house for lease ready to move in for foreigners, usually 50 years x 2, basically for life.

All these contracts are in English and I do not know any legal problems about them. I found developers and real estate brokers well-informed about the legal situation and very co-operative in Cebu.

Criminality is a major issue in Cebu City, and as a foreigner to live in a guarded compound or guarded condominium building makes a lot of sense. Such compounds and condo buildings offer also swimming pools, electric power backup generators, parking for your car etc.

I recommend first of all to buy your home, to settle down.... women will show up by themselves in Cebu. No need to look out for them.

[Taco]

If you have a Filipina wife you can buy a 2 bedroom house in the Philippines for around $15,000 to $25,000. Or you can rent a 2 bedroom house for $90 to $250 a month. Either way, your Filipina will be as happy as a pig in mud. There's no need for a $1500/month mortgage.

$15K to $25K for a house or $250/month rent sounds pretty reasonable. But how do these costs compare to the average earned income in the Philippine, relatively speaking?

And then there's the monthly "cost" of supporting your Filipina's parents, subsidizing her sibling's education or contributing to ongoing family emergencies. How much do you have to pay? I've found most kanos married to a Filipina don't like admitting or disclosing to that additional hidden overhead cost. Does that $250/month rent balloon up to $1500/month by the time you factor in the monthly Filipina Family Fee?

Its a good idea to move to another island far from your wives family and tell them you live in Hong Kong and its very expensive. Lying for any reason is perfectly acceptable. My wives parents are out of the picture and so is her oldest daughter. I just pay for her and her son which comes to about $350/month. The house my wife is renting now is $90/month.

Average wage in the Philippines is about $150 to $200 a month.

Foreigners are not allowed to own property except for condos. The house has to go in your wives name. If your wife dies or you get divorced the kids get to keep it.

[Teal Lantern]

Like when she needed a house for our growing family...

There's a show called "Love It or List It", where half the episodes start with a couple who HAD a nice enough home, then wifey pops out a kid or three, now she wants to move to bigger digs.
I only wish they did 7 year follow-ups to show whether or not hubwallet was still in the new house.


@Yohan: Thanks for the info ... good stuff.

I recommend first of all to buy your home, to settle down.... women will show up by themselves in Cebu. No need to look out for them.

That's becoming true in the USSA, too.
I'm looking out though, like a watchman.

[Luc Furr]

[quote="Jester"][quote="Teal Lantern"]

[color=darkblue]Is having a Filipina wife a requirement for owning/renting the property? [/color]

[/quote]

Taco or Outwest will know better... but from my research:

Renting is OK for a single Kano.

Owning can only be done by a Filipina wife, except in certain high-rise condos.[/quote]

So guys should move from a country where they can own land and property to a country where they cannot? This land and property would be owned instead by the WOMAN? bloodly h**l that is complete control by women. Women who don't create a thing, they are just f**k toys, cooks, baby factories, and wealth destroyers. How can guys who do that be against feminazi's?

[Taco]

Is having a Filipina wife a requirement for owning/renting the property?

Taco or Outwest will know better... but from my research:

Renting is OK for a single Kano.

Owning can only be done by a Filipina wife, except in certain high-rise condos.

So guys should move from a country where they can own land and property to a country where they cannot? This land and property would be owned instead by the WOMAN? bloodly h**l that is complete control by women. Women who don't create a thing, they are just f**k toys, cooks, baby factories, and wealth destroyers. How can guys who do that be against feminazi's?

Most expats prefer to rent in case a typhoon or earthquake destroys the house. Also, Philippines has no noise pollution laws. If you have noisy neighbors all you can do is move which is easier if your renting.

[Guyver]

If you can buy land and houses for as cheap as $15k-$25k in, I'm guessing, "middle class" communities, then I think it is smart for the Philippine government to restrict foreigners from buying property. With prices like those, how long do you think it would be before wealthy foreigners with money come in and buy up every square inch of land in the country, and inevitably corrupting the real estate market there? I could only imagine. Taco, thanks for the information. This intel is valuable especially about the moving far away part from your wife's family to cut down on costs.

[matthewcoury]

If you have a Filipina wife you can buy a 2 bedroom house in the Philippines for around $15,000 to $25,000. Or you can rent a 2 bedroom house for $90 to $250 a month. Either way, your Filipina will be as happy as a pig in mud. There's no need for a $1500/month mortgage.

haha thats the funny thing about us guys....we're happy as long as we have a good woman who gives us love and sex and we can live in a shack....we'll be happy

[Ghost]

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