What Percentage of Your Net Income Do You Spend on Rent

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Snowy79
Posted
Posted
35 minutes ago, maihuu said:

17% in Makati, quite expensive but I have no choice since I want to avoid traffic

Do you guys think that renting price is going down because low-demand ? 

I think the market for condos is saturated in Manila. They've done a good job of convincing the Filipinos working abroad and foreigners that buying a condo is a great investment. You can drive around Manila at night time and see whole condo buildings with just a few lights on. The rest are empty. Sometimes you also get wealthy Filipinos buying them to put their kids in as it's near to good schools and once they've graduated they try to rent them out.

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  • 3 weeks later...
Dr. Shiva
Posted
Posted

I plan to not use more than 25% of my pension for a rental including utilities when I do move to the Philippines.

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