Connecting Buyers and Sellers of Philippine Real Estate

Rent or Buy, You Have to Decide on Your Own

Since I am a realtor, perhaps you will be wondering why I am showing this video. Well, I simply believe that it should be your sole responsibility to know if buying or renting a house or condo makes more sense.

The scenario used on this video may or may not apply in your situation and local market. This may not even apply to the Philippine housing market but may help you crunch the numbers. You can try plugging in your own savings and CD rates, rental payment, local property tax rate, homeowner's insurance, maintenance, HOA dues and other expenses.

To summarize, don't let others tell you it's a good time to buy especially if their paycheck depends on it. Renting is not a sin. It is an option. Even rich people rent. Do your homework!