Garcia introduces Bill to restrict Filipina-foreigner marriages

Yes that is true but it is effectively a 50 year lease according to my lawyer over there, you can own a condo because there is no land involved, you own a box in mid air (even if the box is pretty close to the ground in a small condo complex.

A lot of the high rise condo buildings only have a life span of 50 years after which they are supposed to be torn down, knowing how things work over there, if they have not had a huge earthquake, they will probably extend or re-purpose these kind of places close to the 50 year limit.

Indeed, I might have considered it as there is almost no chance that I will reach 105 but the kids will reach their 50's and I would like them to have something as a backup at that time, so for me a condo is a waste of money.

The other point is, for example, that 10 years after buying you have less to sell, a lease depreciates over time, when you have three years left no one will give you anything for it.

Ana turned 40 this year, even to invest this way for her alone would be dumb as she could easily live to 90 or more, she has relatives in their 80's.