Buying a house in the Philippines for the future?

My wife calls these people "hotshots" and generally won't have anything to do with them once they start on this tack. Alot forget their seemingly forget their roots when they move abroad and become quite snobbish in their attitude. In fact quite a few think my wife has no money because she doesn't work. They don't understand they because of what I do she never needed to. It is quiet funny when my wife starts telling me about what they say, life is too short for those types of people and B.S in your life

Some good news at least that has come out of that terrible typhoon. I think you're wise to play the waiting game a little longer. If I was buying a house now I'm not sure where I want to go. A bloke I met when we where out there has now spent time in Cebu and around Bohol. He raves about both.

Had experience of that. However I would expect that a lof of those who 'forget their roots' are actually exaggerating quite a lot to build themselves up.

A number of people my wife knows really can't stand the idea that my wife isn't working when they are. They go on and on and on about how she 'should' get a job. And if it's not that, it's how 'she might be happy now but just wait until your husband gets tired of you' blah blah. Every excuse to give some bad news or say something bad about another person. I now understand what people mean by the 'crab mentality'.

I also know that some couples have told outright lies to the folks in the Philippines about what their husband does for a living. The folks at home think that one guy is a doctor. He actually works for the post office. They go back, throw parties and burn through all their savings and give people the impression that they are rich and successful when in fact they actually have trouble making ends meet.

No time for any of that.

To be quite honest, where there is an age gap, I do believe that money is better spent on the education of the younger partner so that she (it's almost always "she"!) can earn well in the UK and really settle here. After all, her children are going to grow up somewhat more British than Filipino.

My wife has had the same experience. I put it down to jealousy. Some of them just can't stand the fact that someone form their own country might be slightly better off or doesn't need to work. I've also heard of wives / girlfriends making plays on other girls husbands who they perceive as being better off than their current spouse. You've got to have your wits about you sometimes, especially at social getherings

This is a pretty good idea. It will give the younger partner more options if she outlives the older partner

She still has the option of building herself her dream house in the Philippines...

It also makes it easier for them to kick you in to touch.

As long as she's retained her nationality or gotten dual citizenship of course

I believe she can still own 1000 square meters... if Filipino by birth.

Never heard that before, any idea where its written down? Even after spending 18 months over there we never got round to sorting her dual nationality out (hated the idea of travel to and from manila) and will have to look at it properly this year.

Just had a quick google.... oh, and I forgot to mention the hectare of rural land she's also permitted.
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ACQUISITION BY FORMER NATURAL BORN FILIPINO CITIZENS
1. Mode of acquisition is not limited to voluntary deeds (such as sale or donation) but includes involuntary deeds (such as foreclosure, execution or tax delinquency sale)
2. Maximum area that may be acquired:
a) For residential purpose – 1,000 square meters of urban or one hectare of rural land.

from here:

http://cityfine.com/cebu-real-estate-laws-philippines.html

Good to know, ta. Pity our farm is a little bigger so we still need to sort dual nationality.

I wouldn’t advice you on this as foreigners are not allowed to own a land/lot in the Philippines. If they do, the land will only be named to their Filipino spouse. Investing a property is another thing and you can only own a condominium. But since his children are still quite young, I would suggest he should concentrate on bringing them up first and see what happen with their marriage. As we all know not all marriages lasts. Better to secure the children’s future first. This is just my opinion.

This is 100% correct many Filipinoes like to brag what they have back in the Philippines and chose to struggle with their life style here in the UK.

Fiesta millionaires, spend... Spend... Spend during their annual philippine holiday, lavish cash like its going out of fashion, like they have it by the bucket, but it's all on credit as they work like dogs in their chosen countries of abode, no reason to buy a house in the PI for a months holiday each year as the other 11 months its home for the extended family

CORRECT!

I know, I have seen it in the past, and used to see fiesta millionaires every fiesta and knew the "millionaires" living circumstances back in the States where they lived in much reduced circumstances, all to look good for their two week vacation

Not just in the States Filipinoes are travellers, we are all over the world! When they go on holiday for more than 2 weeks all their savings are well spent! Only few I’ve known who are practical when it comes to spending their money, they spend it wisely!