Quote:
Originally Posted by huanggua
I am not a guru. But I do have a fair bit of investments in PI. It's really difficult to trust them. They will lie right under your nose. The key to investing is location, location and location. Then it's getting the right agent that will look after your interest. That's not difficult.
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Well, you couldn't blame them, considering many a filipino has this plan to make million peso .. by nook or by crook .. the thin line between legal and illegal goes hazy at that point, considering the way the country is run, only the rich get richer and others, well, they can never get rich .. And a deal to screw a foreigner with a jacked up propery prices is a sure win way, and, well, foreigners have money right ? so what is wrong to relieve foreigners of their useless money ?? I saw a beachfront property in Batangas, listed from 30 million peso to 5 million peso - same property, different agents. I asked a friend who operates in Talisay and the reply came back saying the property can be had for less than 5 mil !
The key is to find a person who is not going to screw you royally, than the commission they will make on a sale, not commission + 100 % of property price as retirement fund.
Fortunately I do have such friends, who, even when in rotten situations will not think of screwing me first before looking for alternates .. and that they are the equivalent of Singapore middle class goes a long way make me at peace ..
Talking of businesses, the oligarchs are even involved in shopping cart businesses to jeepney leasing so much so, they are squeezing every drop out of the common filipino all the while fattening their pocket and ensuring there is no viable competition, i..e competition from 'outside the family' - Tans, Lopezs, Ayalas, or Sys or Cojuangcos or Gokongwei .. ' and nobody with no political connection and lacking a mass of hero worshipping crowd can ever prosper ..
No wonder every filipino wants to run away from their country or try to find a get-rich-quick scheme
Rant mode off
BTW, a reminder: Be safe, don't show off money, avoid strangers who offer to show you young chicks, unless you can fight your way out, and also avoid buying viagra and all from street vendors, as most are setup - they will palm you white powder and a minute later cops will accuse you of being drug dealer. Considering even the cops earn less than 300 $ a month, a foreigner is like $ sign and a dumb foreigner is like flashing $ sign with reminder to 'come, screw me baby .. '
Same goes for guys who get introduced to 'young virgin girls' .. if you want young girls, got to AC, atleast there is a system in place.
If you wanna play safe, steer clear of youngish looking girls.
I have more than enough friends who have had the frights of their lives, when they picked up girls, and when in the room, a causal check of the IC revealed them to be 15 or 16 .. sure recipe to see your name in the Inquirer news and ABS-CBN ..
How do they get into bars ? well, there is no national IC, so they keep a 'fake ic' .. like some shopping mall id, or so, as long as there is a photo and a date of birth, no questions .. (hence the cops insistance on using dental verification to verify the age of the suspected minors .. )