• About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe
No Result
View All Result
Live and Invest Overseas
FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Portugal
      • Panama
      • Belize
      • France
      • Colombia
      • Dominican Republic
      • Thailand
      • Mexico
      • Spain
      • Argentina
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
No Result
View All Result
Live and Invest Overseas
No Result
View All Result
Home Mailbag

U.S. Financial Crisis

Live And Invest Overseas by Live And Invest Overseas
Sep 13, 2011
in Mailbag
0
manila at sunset
208
SHARES
3k
VIEWS
Share on FacebookShare on Twitter

“Kathleen, just so your readers aren’t left with the impression that nobody but Doug Casey-Bill Bonner libertarians are welcome in this particular expat community, I have to reply to Michael B.’s letter in which he claims that the current economic malaise is due to government intervention in the economy.

“Anyone looking without ideological blinders can see that the problems stem from a de-regulated financial sector pillaging the real economy. We don’t have money to buy goods and services or to fund state and local government, because it all goes off to Wall Street as debt service, chips in the casino capitalism that the big boys play.

“But I am in agreement with Michael B. about one thing: The U.S. economy will be in a depression for the foreseeable future…”

–Gordon J., United States

***

“I don’t understand your pricing, as Pinoy houses in the heart of Manila can go for as little as 2,500 pesos a month rental and not much more for decent flats in Makati City, the financial hub of the Philippines.”

–Peter A., United States

Philippines Correspondent Victoria Clair responds:

I have rented three places now. The first was in Cebu City, in a six-room Philippine house lacking Western-standard amenities like hot water, for 17,500 pesos a month. At today’s exchange rate, that’s about US$450. My second house was in Tisa, a suburb of Cebu City. That was 13,000 pesos a month. I am now living in Olango and have two large rooms and one smaller one. My rent is 3,800 pesos (just under US$100 a month).

I don’t know about housing in Manila firsthand, but I’m surprised to hear that you could find something so cheap. Of course, I don’t know where in Manila you’re referencing, the size of the place, or anything about what it is like. I have a friend who rented a three-bedroom, “Western-style” condo with three bathrooms for 17,500 pesos. When I look in the papers today I see new condos, intended for Westerners, advertised for 20,000 pesos and more. Again, though, these are brand-new, in the heart of the city, in very good locations, and with all amenities. Those that are already furnished can go for as much as 30,000 to 40,000 pesos a month.

I have seen a few “Pinoy” rentals. Most Westerns would not be interested. In my reports, I’m providing prices for housing that would attract middle-income Filippinos and that would be acceptable to most Westerners.

I’ve read blogs by some Western men, usually disabled vets, who were nearly broke when they got here. Until they got better situated, they stayed in what are referred to as “bedstays.” They are very cheap, but all you get is a bed. Some of these men have talked about how they lived on about US$300 a month. However, they also admit that they ate “Pinoy” style (lots of white rice, a small piece of chicken, fish, or pork, and maybe a spoonful of vegetables). I don’t write about this because I don’t believe our readers are interested in this lifestyle.

Tags: mailbag
Share83Tweet52
Previous Post

Opportunities For Property Investing In Brazil

Next Post

Investing In Uruguay

Live And Invest Overseas

Live And Invest Overseas

Live and Invest Overseas is the world's savviest source for top opportunities to live better, retire in style, invest for profit, do business, and own real estate overseas. Established in 2008, the Live and Invest Overseas' editors and correspondents have more experience researching and reporting on top opportunities for living well, investing for profit, doing business, and owning real estate around the world than anyone else you'll find.

Related Posts

Nohoval Cove, Kensale, County Cork, Ireland
Ireland

The Pros And Cons Of Living And Retiring In Ireland

by Live And Invest Overseas
May 26, 2021
0

“This question is directed to both Kathleen and Lief. “Thank you so much for your recent article about Lahardan House in...

Read more
Nazaré beach resort, Estremadura, Portugal

Retire To The Silver Coast Of Portugal

February 18, 2021
Man bookkeeper working with bills pay taxes online using laptop

How To Do A 1031 Like-Kind Exchange Of Foreign Real Estate

February 15, 2021
Aerial view of Fortress Vila Vella and Badia de Tossa bay at summer in Tossa de Mar on Costa Brava, Catalunya, Spain

Low-Humidity Retire Overseas Options

January 2, 2021
Assisted Living

Assisted Living In Panama

December 11, 2020
Boa constrictor imperator

Malaria, Dengue, Bugs, Spiders, And Snakes In Panama

December 9, 2020
Establishing Retirement Residency In Portugal - Lagos

Establishing Retirement Residency In Portugal

July 6, 2016
Next Post
Casapueblo, from the renamed architect Carlos Paez Vilaró, is an aggregated to obtaining Residency, Citizenship And Passport In Uruguay

Investing In Uruguay

Start Your New Life Today, Overseas

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today.







LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate

Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In 2022

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe

© 2008-2022 - Live and Invest Overseas - All Rights Reserved.

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008-2022 - Live and Invest Overseas - All Rights Reserved.

The World’s Best Places To Be In 2022?

Discover Them Here…

Sign up for FREE and learn how to live the good life on a modest budget, find bargain property, and more. Plus, check out our free report on the 10 BEST PLACES TO RETIRE.

RETIRE OVERSEAS AND LIVE LIKE ROYALTY