Betting on Real Estate: Foreclosed Property Sector in the United States!

Foreclosure in America is high and rampant nowadays. But still even if the U.S. is in recession there are still a lot of ways to earn money through real estate which is the highest and lucrative among all the investments you can think of. Right now property inventories are high and you can still flip lots of it as long you have extra cash on your sleeves with the growing demand of properties coming from other nations such as Canada which is least affected with the financial meltdown. Canadian economy is still resilient and in tip top shape compared to their neighboring America because less credit fall out. An example of Canadians moving down south to America especially in Las Vegas, Nevada wherein the prices are hitting rock bottom as what the video shown above. Other nationalities that are paving their way to the U.S. soil are the mainland Chinese who have the money and resources to tour and venture in America.

Las Vegas is a sin city or sin capital of the world but indeed even if there are no angels around in this heaven on earth. The real estate in this place is lucrative once the ailing economy recovers in a matter of months to years. President-elect Barack Obama later report his plan of creating a stimulus package in the ailing economy and in order to spur the once booming America back to its knees one step at a time. As an investor and a real estate broker I am hopeful that the world would become vibrant again and somehow will manage to survive the gloom over the dark clouds this 2009.

What about us, Global Pinoy or Filipinos? We can still manage to buy a property in the United States as long as you have the ample amount of funds in buying that dream home in their soil plus it is a very good investment and a plus if you are trying to impress the immigration official if you plan to migrate in America.

Included also in this blog write up the history of the credit crunch in 2007 and how it affected America and in the World as explained on CNN.

See the second part of this segment.





Copyright 2008-2009 - PinoyMoneyVantage

Office Humor in our lives!

I decide to unfurl a lighter side of me. Being a serious author of this blog with "financial freedom".

Let's tickle your funny bones with some of the sites you can visit and forward message through e-mail that will surely make your friends and co-worker them laugh out loud. You can click the corresponding titles directing you to their own websites. Enjoy!

1. Humor Break
2. Working Folks
3. Wack workplace office humor
4. Occupational Hazards - Job Jokes by Profession
5. The Humor Vault
6. Workplace Humor
   

Copyright 2008-2009 - PinoyMoneyVantage

Usapang Pera (Money Talk): Biblical Principles of Financial Management

Usapang Pera (Money Talk): Biblical Principles of Financial Management

What does money have to do with God? Because every financial decision is a spiritual one

"If therefore you have not been faithful in the use of worldly wealth, who will entrust the true riches to you" Luke 16:11

When: 10 & 17 January 2009, Saturday, 1:00-5:00 p.m.

Where: UCM Library

Resource Person: Mark Aranal, Creative Director of Crown Ministries

Registration Fee: P100 for 2 Sessions

For more information, please contact:

Rhon O. Bautista (Head Librarian),

E-mail: library@unionchurch.ph, Tel No.: 812-6062

Website: http://www.ucmlibrary.ws

Please sign-up at the library table in the Fellowship Hall on Sunday or at the Library during library hours

Copyright 2008-2009 - PinoyMoneyVantage

MONEYVANTAGE: Rent is up for Property Rental Sector

Yesterday, I was alerted with the TV report from ABS-CBN regarding that the rent control law has finally lapsed last 31st December 2008 (see Republic Act 9341: Rent Control Act of 2005). I thought it was no big deal after all and finally realized that we do have rental residential/commercial properties in hand somewhere in Quezon City. I felt a bit ecstatic but somehow felt sorry for the people who we are leasing our properties. However we are adamant NOT to increase rent in order to compensate with the sudden slump in food business in which our tenant are involved with.

The demand for rental property is still high among urbanized cities particularly in Metro Manila. Still with the rapid urbanization and the immigration from people to these major cities the need for space and housing is still needed as major locators are not moving yet to closer provinces plus the business process outsourcing (call center) is still ongoing even with the slump in America and shifting to other countries not or less affected with the global financial crisis. Companies are still in need of housing for their personnel. Location of rental property, environment and neighborhood is also a key factor why people are looking for. As mentioned before, it should be close proximity, accessible to transport services and convenient for the tenant to get to where he/she works or intends to go. The closer the rental property to these factors the higher the rent is.

Somehow the RENT CONTROL LAW is beneficial for the poor and low-income families but the distributional effects are minimal since non-poor families have equal access to rent-controlled units. Philippines Rent Control Act of 2005 Provides rent control for properties with monthly rent not exceeding PHP10,000 in cities and PHP7,500 in other areas. Rent control maybe necessary to prevent economic eviction and abuses on payment of key monies.

Some lawmakers are encouraging people to avail the PAG-IBIG Housing loans in which they their rates are at 11.5% interest p.a. compared to their previous offer of 18% interest per annum a few years ago in order to acquire their dream house and residential condominiums.

Copyright 2008-2009 - PinoyMoneyVantage

Welcoming 2009!

Pardon me if have been busy for the past few months, I have been doing some homeworks with the Registered Financial Planner (RFP - Philippines) Program I have joined summer last year. Plus my regular job on the healthcare which requires a lot of my time on being promoted as an assistant section head. I have been unable to focus on Real Estate business for quite sometime and also helping the company my mom created back in 2004 with my younger sister taking the helm as my mother's assistant on her business affairs.

31st December 2008 - I was already saying goodbye to the old year and greeting the people at work "Happy New Year" as we were anticipating tomorrow for a NEW HOPE for everyone. I went to work in the morning and the company was on skeletal duty with some of the administration staff on holiday leave as what President Arroyo have declared a few days before Christmas. It is a long two week vacation for the office staff but not for us because our job involves in critical care in healthcare sector.

Got back from home at 3 pm after accompanying a friend from errand of buying some groceries intended for the night's coming party. He was happy enough to look and expect a bountiful 2009. It is true that most of us are expecting a new hope for change in 2009, that we increase our salaries and fringe benefits, job security, time and freedom with friends and families and a lot more. As the Social Weather Survey said on the Philippine Star published a few days ago that 92% of Filipinos are still hopeful for 2009.

1st January 2009 - At night to the early morning, I was really expecting a big bang of different fireworks on display in the air in our neighborhood. But somehow, I only heard less crackles and heavy explosions outside plus not much exhibition of fireworks in our subdivision. I came to wonder if us Filipinos are still on a belt tightening mode or just plain became eco-wise or friendly people in a way to save mother earth. Although, I admit I did play with firecrackers when I was little till I was a teener, My outlook on use of these have change through the years when I said to myself that why waste on burning your money on firecracker instead of buying essentials needed by the household like food, appliances etc or put it temporarily in a piggy bank and acquire new investments you want to setup.

I am hopeful too that we can weather the global financial crisis and that the economic buffers that government had done in the past few months would eventually last that long and would like to outlive the global economic crisis. I am hopeful that President Barack Obama would make a stand in providing economic stimulus to the number economy of the world in the United States of America.

Just watchout: will post more event and their details financial planning and services I can find for January 2009.

HAPPY NEW YEAR 2009!

Copyright 2008-2009 - PinoyMoneyVantage