The missing portion in this video is if you're already living within the metro, is WHY we have to squeeze ourselves in expensive condos in equally pricey financial districts. Simply because the metropolis hasn't seen investment in mass transit keep up with growth, so much so that a 9 kilometer commute can easily take 2 hours door to door one way. People are forced to allocate a big chunk of their incomes towards relocating closer to their work so that they don't spend 3-6 hours of their workday on the road.
2 hours 😂😂😂 alot of commuters even get up until 4-6 hours just to get from the line and then get seated in the bus then get suspended in traffic then get home finally
Renting in manila and saving for a house in bulacan, cavite or rizal is the smartest thing right now. You have train stations that are being built to reach those provinces and byt the time you have children, those train systems are already available. A house or condo in metro manila is twice or thrice than the amount you'll spend in buying a property in cavite, bulacan or rizal.
Lorenzo's current space is the size of two parking lots? Wow! In Hong Kong we have people living in the space of one parking lot. It would almost be comical if it wasn't so tragic. Lorenzo seems like a resourceful young man who is willing to learn and also plans for his future. I hope the next time we hear from him he is living in his two bedroom dream home. Respect to all the Filipinos who are working for a better tomorrow!
in fairness though, you guys have very efficient public transportation. Here ,the alternative from renting small spaces (hello Singapore's Josephine Teo!) nearby, is to be on shitty public transport or if you have your own vehicle, stuck in traffic 2-3 hours *ONE WAY* *(you're lucky if it's only around one hour) for a median worker in a CBD to their dwellings well outside the city limits.
I was looking at 1 BR condos near me so I don't have to hassle my parents when they visit and I couldn't find one that could fit a child's playpen. 2BRs are way out of budget, and any decent house that won't break the bank is outside the metro. My parents are complaining its too far and they can't see their grandbaby as often. Kinda hard to find the balance 😅
When I was young, I thought I would own a house by the age of 25. However, now that I'm 30, I still feel lost in life. I’m starting to consider the possibility of never owning a home. Everything has become so expensive, and the future feels increasingly uncertain. Now, I’m focusing on investing in health insurance, life insurance, mortgages, and, lastly, savings.
2 месяца назад+13
I remember when I was 25, I was still living with my parents and feel dirt poor even I have a job. at Age 30, things started to pick up but still not enough.. Now at 46, I am only able to afford one (2BR condo in Metro Manila) but still not fully paid.. but I also already have 3 kinds vehicles of my own and bought it fully paid. LOL. But giving up on having children and a family (maybe just a partner?).. because i'd probably "unalive" due to anxiety having a family and financial problems at the same time.. This bloodline dies with me and will just enjoy the rest of my years... I figure.. it's too late LOL.. but who knows?
@@keith26162 no. I applaud you and others like you , Metro Manila is overpopulated and over congested already since it's not very big, area wise ,the entire Philippines is overpopulated. No judgement at all but if the new generation want to have one kid or two the most then it should be okey as long as it's replacement rate.
Enzo has his head on straight. Hustling and working towards his goals. As an American who just arrived in Manila, I can definitely appreciate that. I wish you all the best, bro.
The fact that Filipinos need to work 2 - 3 jobs to live normally in today's society and the government is ok with it, is really disturbing. Tax is high, things are expensive, government officials are idiots, and most of all corrupt official/business owners are not being executed. This is really modern day slavery!!!
Hello there, you seemed to have forgot that people in Philippine have votes and regularly go to vote for new government. If the people in government are idiots as you claimed, then the people who voted for these idiots have to take the responsibility too.
Yes. I'm so tired. And moving to a different country won't help. I have friends abroad working in tech and still need a 2nd job. It's insane every where
One has to start somewhere. People that cringe over living in a 22 sqm condo, I actually envy him as I started off in a 35 sqm condo with 12 flat mates. My room was 4 sqm, shared with a bunk bed and had no aircon. So long as you see a way out of your situation and don't buy stupid stuff, these small places to live are just temporary and in fact a good reminder of where I came from.
I used to hate CNA. In the past, they only featured porn poverty in PH. Now, this content video is the real one. It’s not all about poverty. In fact, poverty is on downward trajectory in PH.
Stop being a salty loser!!! Is the fact that your country is dying and hope in 10 years time the Philippines will be no more 😂😂 Your country is full of 💩 😊
In my case, I left Metro Manila back in 2022 since I can no longer afford rent and moved back to our province. Most of the time, my salary is slashed by rent alone, no utilities, food, transportation, and savings yet. Very grateful to our company for allowing us a hybrid work set-up. Life in the province is not easy as well since prices keep on increasing as well, but compared to my monthly spending in Manila, it's way more livable to be back in the province. It also improved my health since less exposure to pollution.
wait till Dec 31. Condo prices will drop. If you ask me, condo's are not a good investment. Building a house on land is a better investment. You get a bigger space for the money in case you decide to raise a family.
as with many things in life, it's a case to case basis. if you get a high-paying job in a CBD like Makati, it really makes sense to go for a condo nearby preferably walking distance . Makes you perform at your work better, leading to better prospects like promotion/higher pay which could lead to also being able to have extra funds for house and lot outside Manila area *WHILE AT THE SAME TIME* having a good life quality in the metro.
@@ryo-sf cut off date for the Chinese who are here for POGO employment. They should leave the country on or before that date. There are a LOT of them who are renting condo units. Occupancy rate for condos will drastically go down. Rent will go down because condo investors will try to undercut each other in pricing just so that they can have their unit occupied. A lot of these unit owners are still paying off these properties via bank loans. No rent means the owner will have to endure out of pocket monthly amortization. At some point, some condo investors will just give up the condo and sell it at a good price instead of the banks repossessing the property.
@@hectorvicta5139 ah I didn’t know about dec 31 being the pogo cut off date. Apparently, many Chinese have already left to Cambodia. Would be nice to see the condo prices in pasay/makati to drop to reasonable levels
@@hectorvicta5139I agree! Have you noticed these condo developers of pre-selling terms? Low interest rates? Etc. etc. Etc. it's Because these developers also borrowed money from the bank, and the developers have to pay their billions of debts. Condo prices will definitely drop. From market value worth of P7M for 55sqm. Will probably be worth 3M. Definitely SMDC condo prices will be priced P1M-P2M. Most property consultants will persuade buyers to make their units rental business or Airbnb. Most of the condominiums in metro manila or 89% are for rental, not family living in condominium units.
For decades now, we have seen young adults in their early 20's already have heart diseases, hypertension and diabetes etc! Take very good care of yourselves! Useless na makamit ninyo mga dreams ninyo pero, ang dami ninyong sakit at maintenance drugs! Work wisely! Your health is your wealth! Good luck to all of you!
@@romella_karmey more often than not, these are the accessible and convenient copium to being slaves of the system, id est #AlipinNgSalapi . Oh btw, Samgyupsal per se is quite healthy - OMAD and not so much carbs/sugar
Wow, that''s like China or Japan. This helps me understand why there are SO many Filipino nurses here in the US. There has been a chronic nurse shortage for decades now. Nurses with bachelor's degree (BSN) start at base pay of $40/hr fresh out of school. The shortage also means there are plenty of overtime which pays 1.5x, and there are bonus on top of overtime pay (around $300/shift). So BSN nurses in Texas can easily make more than $100,000 per year. They can probably work 10-20 years and retire in Philippine like queens.
@@romella_karmey I'm telling you, aircon is not really a luxury in this country perhaps unless you have Coconut Palace-like mansion in some fancy hacienda in the province,
@@abrahamdsltell that to people who live in squatters area in manila. This dude in this video is not a norm. I bet he earn atleast 5x more than average wage in the philippines. There is a reason philippines is third world.😂😂😂
@@kawaiipotatoes7888 LMAO. I've seen so many informal settlers area like there opposite of DPWHCentral Office, in Port Area, City of Manila where lots of the households have airconditioning!
In Malaysia, federal or state gov every year gives tax relief , gov guarantee for first time buyers , and even build low cost apartments 80-100m2 that costs RM 170, 000 ( 2,200,000 pesos or usd 40k ) and above . Thats why for KL apartment index its possibly only second to SG
@@H1ROYaGAMI it's the fcking [median] income to housing costs ratio, capitalist bootlicker. compare such ratios with neighbouring sovereigns like Malaysia and Thailand even.
Visit japan or hong kong. To make your "tiny" condo feel like a palace when you get back.
2 месяца назад
I don't get it in Hong Kong... too expensive. If I am a condo owner in Hong Kong, I will just sell it in my retirement then migrate to The Philippines or other SEA country. There are good house prices in Japan. Just get one outside Tokyo.. or from outside the Main cities. Some houses there are even more affordable than in the Philippines.
Not to sound “judgey” here, but I am also his subscriber. Also saying this as someone who is gay. Most of gays his age really dreams of moving to the Metro. It’s the hustle and bustle, the life, the freedom, the proximity to the latest trends, is what normally attracts young gay men to the city. For other things (hooking up culture) I’m not exactly sure. At least based on my experience - it’s more of the lifestyle they crave. So telling him to “invest” instead of working hard for a condo unit. Or “buy land” in his province isn’t really an achievement for a young gay man. It’s usually condo, a automatic transmission car, brunches, membership to stores like Ikea, Landers and S&R, having access to coffeshops, malls, gyms. That’s the life they aspire to. And that’s not wrong considering marriage and having children isn’t an easily available option for gays here in my country. It’s just to put context cuz I’m seeing a lot of “why pour out all your resources into trying to live in the Metro?” Bottomline - he is doing FINE. He is HAPPY and THRIVING.
@@JohnDoe-y5p I agree with that, by renting a cheaper but modest apartment. But there are some gays who are buying condos because they are business minded regarding real estates and other investments. Some buy condos and then they rent it out and will sell them later.
Personally, I find condos to be too much of a liability. We own condo units before and aside from the associated costs of maintenance, Insurance, and taxes, you also have to adjust to noise from outside since a lot of them are not really soundproof. we left because it was damaged due to the earthquake. Also, the unpredictability of the market and your life makes it a risk because you have to pay that mortgage for 10-25 years
Condo is an investment and good potential for passive income. It depends on how you manage it. I bought my first condo in Metro Manila way back 2008. When I saw the huge potential for rental income as it beside a University. I rented it out after 2 years of living on it. Rental income is 2x my monthly amort. I now have 3 condo. I rented it out long term and as staycation. They are earning pretty well.
@@macolet9711 unfortunately that is not a good option these days with the oversaturation of condo developments. I also rented out our property. It was good income for a while of course
I think maybe because there’s 100 million filipinos. There are still so many filipinos, fortunate enough, like me, and i’m so grateful to have several condos! I’m having it for rent. It’s just that the average population can’t afford it, but many filipinos can
OFW's na madaling maloko/basta na lang makakuha. then there are also foreigners. Baka nga the real estate companies/tycoons do corporate layering shits and buy their own built properties kuno to mimic market activities.
*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. He has helped me raise my reserve from $275k to $850k, despite inflation.
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
I was born and educated in Manila fortunate enough that my family owned 2 houses 1 in the province and 1 in Manila and i took up nursing to be able to come and work in U.S which i did right after few years of graduating college , because i knew from the get go ,that the Philippines doesn't have much appeal for me especially Manila too congested, high cost of living and low salary.
Hi Enzo, I'm worried about your safety with the Tubular Loft where you rest. Seemed like it was not bolted well though the walls and has no Columns for additional support. Have it check again bh those who can understand. second, I don't believe It is 22sqm. size. I have 23sqm condo as well in mandaluyong and it is way bigger than that "22sqm"
I think it really depends on your lifestyle. My family and I live in the countryside, and we're able to manage with just one job each. While the cost of living here isn’t exactly cheap, it's much more affordable than in the National Capital Region, so we don’t need multiple jobs to get by. Housing is more reasonable too. We’re fortunate to work from home, and that might be something worth exploring if your career allows it. Living in Cebu gives us the best of both worlds-city life when we miss it and the peace of the countryside.
@@heymingki I'm a proud Bisaya and even prouder Cebuano! At least we have a strong culture and speak English better than most uneducated, classless people like you. Maybe all that pollution in the city has affected your thinking. Try coming to the province sometime to breathe some fresh air and clear your mind a bit. 🤭🤣 We Cebuanos are very intelligent people. The fact the we can speak multiple languages and dialects is proof enough of our intelligence and something to be proud of. Can you even understand Bisaya? Doubt it. Anyway, I don’t want to waste my time on someone so classless, cultureless, and envious. I'll go outside now nang makapag breath nanga nang fresh air na wala sa polluted city nang hindi maging polluted ang thinking like you. Lmao. Tata! 🤭🤣
Filipino millennial office worker also here (28 years old too, like Lorenzo). Honestly, the prices of pre-selling condo units in Metro Manila feel like a scam and are way beyond reach. Metro Manila = 1st world prices at 3rd world quality of life. I gave up investing in a condo unit within Metro Manila because it’s just too expensive and eventually you still have to deal with the terrible traffic & pollution everyday. For the price of a small studio or 1 bedroom pre-selling unit in Metro Manila, I was able to get a 3 bedroom house & lot in Cavite (just a 30-40min drive away from southern Metro Manila), and the quality of life is much better.
These properties are expensive because they target the OFW and foreign citizen market. One of the main reason why properties in this nation is out of reach for average Filipino workers in the country.
I used to work in a real estate developer company and was assigned in the construction sites of their subdivisions. Most homeowners are OFWs and seafarers. There are others who are not, like businessmen, but there are only a few of them.
I moved out of Metro Manila. IT jobs are more flexible if you're open to working for global startups which is also willing to pay more. The risk there is some companies go bankrupt. I have 2 Macbooks from 2 former companies i worked for which went under. Pay was good though and I made it a point to save so in case that happens again I have a financial runway. I would be re-considering if I have a family but being single, working for startups was a good way to build my war chest.
lets see what honesty does in the UK, and US where there are so many homeless and people living below the poverty line due to insanely high living costs. hidden poverty is a thing too. politics in general is messed up.
Yup, I seen some of the IT and office mainly customers service work from Canada get outsource to Philippines. I remember back in 2019 the office I was working at, the people there were happy about work from home and increase payment due labour shortages. Now in 2024 more than 3/4 of the office department has been outsourced.
iirc very near to Marikina Valley fault ang eastwood and so liit pa, and hirap puntahan. Makati is quite central , relatively more easily accessible to almost every other thing.
Why not look for a IT job overseas?There is a high demand of IT professionals worldwide, He can easily triple his salary and live a more comfortable life. Also, have an opportunity to be an PR or a dual citizen in some countries and have the chance to travel the world. On the other hand, he can work in overseas temporarily for a few years to save money faster then go back to the Philippines and buy his own condominium somewhere in Metro Manila then look for a decent IT job ,and for sure he will find it without difficulty because of his overseas experience. This is just my two cents
Hindi ako magiinvest ng condo sa Manila or anywhere sa Phils. Mas mainam kumuha ng maliit na lupa at tayuan ng maliit na bahay. Same cost pero solid ang investment mo.
Australian companies contract out Filipino software developers for low salaries to western countries to reduce headcount and spending on local industry talent, which is somewhat interesting.
2:55 lol that’s exclusive of Tax, Philhealth, Social service contribution. 😂 the salary is still not enough for a decent-size condo or not even a house.
Leave the country while one is still young and able. The challenges presented in the video are nothing new - these are same old problems discussed for decades, used in electoral agenda, yet still unresolved. Philippines is pathetic.
Software Devs - 70k? Sana all nalang hahahaha. I'm an IT dev btw. All jokes aside, I think this has to do with the surge of POGO workers in the country. Let's see next year if the rental rates will go down since the demand for units is expected go low as well.
please how can I make money through Cryptocurrency or stock here in Philippines? I'm just curious about the whole process. I still haven't figured out what to invest in yet. Somebody once told me "It costs you more to be poor." 🤯
Speaking of investments of passive income, Well I picked the challenge to put my finances in order. Then i invested in through the assistance of my discretionary fund manager.
As a beginner investor, it's essential for you to have a mentor to keep you accountable. I'm being guided by Beatrice O. Wendy, a widely known crypto consultant.
@@FillyBen-yw9kwI agree with you and believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend real estate or crypto and stocks.
Housing in Manila and suburbs is a buyers market. If you are investing to live in it then that's good. But the market is not a good investment for selling. It would take you a year or more likely 5 to sell your property. If your investment horizon is as far as that then you are in a good position.
Thank God for Work From Home! You can work while staying in the province where it's less crowded, air is considerably cleaner and food is more affordable. But I can't blame people who live in Manila, there are things in the Metro that you can't find in the province (like cheaper Gas!!!!). It all boils down to what you want. Do you want to live in the fast lane and stay in a Megacity or do you want to chill and stay elsewhere.
You're such a lucky guy having your own condo. unit. When i started working in '96, my salary in a bank was only Php6,500. Ang saklap lang to realize that a fresh grad from a well to do school already earns 5-digits like, Php21k...😢... And it was already 2011 when I earn Php20k+ salary/mo. Then, I had a stroke.
"Find a job you love, like a good-paying work-from-home job, and you will never have to work a day in your life." - some random IT guy living in the countryside
dont save to buy a condo..but save money for you can use for business in case your job is not present any more..buying a 10 million peso condo ang paying for the next 20 years is risky..unless you are in two with your wife to share the mortgage..
The government should focus on continuing to decentralize jobs and development to areas outside metro manila instead of thinking of ways to steal from people's taxes. We all know that one fourth to half of what the government spends on projects are stolen by politicians and government officials connected to these projects.
Ultimate dilemma for people living in the city; Buy a condo for a higher price; More likely you are closer to the best services and a walking distance area from work. orr Buy a piece of land so cheap but quite far from the CBDs. Eventually, you’ll buy a car to travel to the main city area. You now have problems with car maintenance. Pick your poison
This is crazy. Manila indeed has higher wages, but the cost of living eats all that up. End game is it would be better to live leisurely in Baguio than be stressed out and have a stroke in Manila. By 45 years old he will realize he made a mistake. I am 50 and i realized moving to Manila from my province was a BIG mistake. BTW, the air pollution in Metro Manila is horrendous! Breathing clean air is very important.
wtf???!!! Are you like a dude pare chong who just wont eat at those Jollijeeps? Even with all the inflation since, you wont reach more than 600 per day for well-balanced meals sought from those.
I think Maam Marife, the VP for the Philippine Institute for Development Studies, need to touch some grass. No way all us Gen Zs have higher earning capacity. The sample here is very skewed, showing only one person who is earning higher than the 2022 monthly average income. Even I belonging in the IT sector can see that the claim that our generation have this higher earning capacity implying we CAN buy homes is misleading...
He is trying to live makati. Why not in manila or mandaluyong? I have a condo in manila for only 13000. its much bigger and high ceiling . See in my shorts. I'm just 10 min drive to makati.
manila is also a gay heaven with unlimited grindr choices, adult entertainment clubs, baths and saunas. it's not all traffic, poverty and misery. as a young person, it's hard not to like it.
Great job for Enzo for achieving his dream, but I'm sorry to say that this is a cherry-picked example. An average filipino needs to go through so much loops just to get where he is. Tech jobs are definitely one way to get there, but I doubt Tech Jobs is enough with the inflation of the Philippine economy. It doesn't help that there are landowners that are not like Enzo's Loft condos who charge exhorbitantly with barely enough income to make it in everyday lives. Just goes to show, rich gets richer and poor people gets poorer.
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The missing portion in this video is if you're already living within the metro, is WHY we have to squeeze ourselves in expensive condos in equally pricey financial districts. Simply because the metropolis hasn't seen investment in mass transit keep up with growth, so much so that a 9 kilometer commute can easily take 2 hours door to door one way. People are forced to allocate a big chunk of their incomes towards relocating closer to their work so that they don't spend 3-6 hours of their workday on the road.
exactly!
On point!
2 hours 😂😂😂 alot of commuters even get up until 4-6 hours just to get from the line and then get seated in the bus then get suspended in traffic then get home finally
Renting in manila and saving for a house in bulacan, cavite or rizal is the smartest thing right now. You have train stations that are being built to reach those provinces and byt the time you have children, those train systems are already available. A house or condo in metro manila is twice or thrice than the amount you'll spend in buying a property in cavite, bulacan or rizal.
@@jaimesantos1170just move out of Mega Manila altogether
Lorenzo's current space is the size of two parking lots? Wow! In Hong Kong we have people living in the space of one parking lot. It would almost be comical if it wasn't so tragic. Lorenzo seems like a resourceful young man who is willing to learn and also plans for his future. I hope the next time we hear from him he is living in his two bedroom dream home. Respect to all the Filipinos who are working for a better tomorrow!
in fairness though, you guys have very efficient public transportation. Here ,the alternative from renting small spaces (hello Singapore's Josephine Teo!) nearby, is to be on shitty public transport or if you have your own vehicle, stuck in traffic 2-3 hours *ONE WAY* *(you're lucky if it's only around one hour) for a median worker in a CBD to their dwellings well outside the city limits.
Metro condo prices gonna skyrocket, man, while wages? Yeah, those gonna stay stuck. Classic
I was looking at 1 BR condos near me so I don't have to hassle my parents when they visit and I couldn't find one that could fit a child's playpen. 2BRs are way out of budget, and any decent house that won't break the bank is outside the metro. My parents are complaining its too far and they can't see their grandbaby as often. Kinda hard to find the balance 😅
The problem with pilipino's is they always put down their own country!! They think other cuontry has no issues!! They other countries are paradise!!
@@BuglyFastardtheir fault for taking up useless college 🎓 courses like HRM culinary hospitality management civil engineering
Eyy that’s me 😄 Thank you for the feature, CNA!
Hello from Bucharest, Romania - a huge underrated city in Europe:)
Hope you realise all your dreams 🙏
saw the thumbnail and thought "parang si Enzo to ah"
keep hustle bro, your profession gonna bring you fortune soon!
Congrats sir!! 😎🫶
When I was young, I thought I would own a house by the age of 25. However, now that I'm 30, I still feel lost in life. I’m starting to consider the possibility of never owning a home. Everything has become so expensive, and the future feels increasingly uncertain. Now, I’m focusing on investing in health insurance, life insurance, mortgages, and, lastly, savings.
I remember when I was 25, I was still living with my parents and feel dirt poor even I have a job. at Age 30, things started to pick up but still not enough..
Now at 46, I am only able to afford one (2BR condo in Metro Manila) but still not fully paid.. but I also already have 3 kinds vehicles of my own and bought it fully paid. LOL. But giving up on having children and a family (maybe just a partner?).. because i'd probably "unalive" due to anxiety having a family and financial problems at the same time.. This bloodline dies with me and will just enjoy the rest of my years... I figure.. it's too late LOL.. but who knows?
Lucky for you, u can now afford things u want.
Same i have no plan of having a family.
Same plan my bro. Wish you guys good life
@@jechuweni love u
@ 🥹thanks
It’s so expensive to live in Manila today, too expensive to build a family, too expensive to have a child. I just save, invest and go on vacation.
and yet the oldies will judge us if we won't have children in the future
@@keith26162 no. I applaud you and others like you , Metro Manila is overpopulated and over congested already since it's not very big, area wise ,the entire Philippines is overpopulated. No judgement at all but if the new generation want to have one kid or two the most then it should be okey as long as it's replacement rate.
Were not Overpopulated we need more babies in this country. 10 kids per family
@@jilzcrocks3470 stop making kids if you cant financially and emotionally take care of them.
@@jilzcrocks3470 yeah make it one billion plus like India and China.
Enzo has his head on straight. Hustling and working towards his goals. As an American who just arrived in Manila, I can definitely appreciate that. I wish you all the best, bro.
The fact that Filipinos need to work 2 - 3 jobs to live normally in today's society and the government is ok with it, is really disturbing. Tax is high, things are expensive, government officials are idiots, and most of all corrupt official/business owners are not being executed. This is really modern day slavery!!!
Hello there, you seemed to have forgot that people in Philippine have votes and regularly go to vote for new government.
If the people in government are idiots as you claimed, then the people who voted for these idiots have to take the responsibility too.
This is true in Sydney also,even though u are paying high rent U get very sub standard housing
@remmond3769 no drama just pointing out the reality
FACTS! It is difficult to live by these days 😢
Yes. I'm so tired. And moving to a different country won't help. I have friends abroad working in tech and still need a 2nd job. It's insane every where
One has to start somewhere. People that cringe over living in a 22 sqm condo, I actually envy him as I started off in a 35 sqm condo with 12 flat mates. My room was 4 sqm, shared with a bunk bed and had no aircon. So long as you see a way out of your situation and don't buy stupid stuff, these small places to live are just temporary and in fact a good reminder of where I came from.
/4 sqm, shared with a bunk bed and had no aircon./
i could live with such but fcking no aircon goddamn
35sq 9 kami sa condo buti n lang pang gabi ako walang kasabay sa cr.
I have huge respect with people having their OWN properties no matter how small it is. It's SO HARD to be able to afford one these days..
I used to hate CNA.
In the past, they only featured porn poverty in PH.
Now, this content video is the real one. It’s not all about poverty.
In fact, poverty is on downward trajectory in PH.
Stop being a salty loser!!! Is the fact that your country is dying and hope in 10 years time the Philippines will be no more 😂😂
Your country is full of 💩 😊
Pinagsasabi mong downward yung trajectory tanga ka ba
Source??? Pinagsasabi mong downward trajectory
@@supdoug Check the official figures with PSA.
Correct we are much better than before. Just don't compare our country to others.
In my case, I left Metro Manila back in 2022 since I can no longer afford rent and moved back to our province. Most of the time, my salary is slashed by rent alone, no utilities, food, transportation, and savings yet. Very grateful to our company for allowing us a hybrid work set-up. Life in the province is not easy as well since prices keep on increasing as well, but compared to my monthly spending in Manila, it's way more livable to be back in the province. It also improved my health since less exposure to pollution.
Just the detail of taking care of the little ones by protecting their little head on the stairs reminds me of a beloved cousin I have in Pasig City.
wait till Dec 31. Condo prices will drop. If you ask me, condo's are not a good investment. Building a house on land is a better investment. You get a bigger space for the money in case you decide to raise a family.
Why that specific date?
as with many things in life, it's a case to case basis.
if you get a high-paying job in a CBD like Makati, it really makes sense to go for a condo nearby preferably walking distance . Makes you perform at your work better, leading to better prospects like promotion/higher pay which could lead to also being able to have extra funds for house and lot outside Manila area *WHILE AT THE SAME TIME* having a good life quality in the metro.
@@ryo-sf cut off date for the Chinese who are here for POGO employment. They should leave the country on or before that date. There are a LOT of them who are renting condo units. Occupancy rate for condos will drastically go down. Rent will go down because condo investors will try to undercut each other in pricing just so that they can have their unit occupied. A lot of these unit owners are still paying off these properties via bank loans. No rent means the owner will have to endure out of pocket monthly amortization. At some point, some condo investors will just give up the condo and sell it at a good price instead of the banks repossessing the property.
@@hectorvicta5139 ah I didn’t know about dec 31 being the pogo cut off date. Apparently, many Chinese have already left to Cambodia.
Would be nice to see the condo prices in pasay/makati to drop to reasonable levels
@@hectorvicta5139I agree! Have you noticed these condo developers of pre-selling terms? Low interest rates? Etc. etc. Etc. it's Because these developers also borrowed money from the bank, and the developers have to pay their billions of debts.
Condo prices will definitely drop. From market value worth of P7M for 55sqm. Will probably be worth 3M. Definitely SMDC condo prices will be priced P1M-P2M.
Most property consultants will persuade buyers to make their units rental business or Airbnb. Most of the condominiums in metro manila or 89% are for rental, not family living in condominium units.
For decades now, we have seen young adults in their early 20's already have heart diseases, hypertension and diabetes etc! Take very good care of yourselves! Useless na makamit ninyo mga dreams ninyo pero, ang dami ninyong sakit at maintenance drugs! Work wisely! Your health is your wealth! Good luck to all of you!
Samgyupsal, milk tea and starbucks to blame 😂
@@romella_karmey , also Macdonald, KFC, Jollibee, Dunkin' donuts, Shakey's, Pizza Hut and Chowking.
@@romella_karmey more often than not, these are the accessible and convenient copium to being slaves of the system, id est #AlipinNgSalapi .
Oh btw, Samgyupsal per se is quite healthy - OMAD and not so much carbs/sugar
wait, what is the context of this comment in relation to the video?
Wow, that''s like China or Japan. This helps me understand why there are SO many Filipino nurses here in the US. There has been a chronic nurse shortage for decades now. Nurses with bachelor's degree (BSN) start at base pay of $40/hr fresh out of school. The shortage also means there are plenty of overtime which pays 1.5x, and there are bonus on top of overtime pay (around $300/shift). So BSN nurses in Texas can easily make more than $100,000 per year. They can probably work 10-20 years and retire in Philippine like queens.
Those nurses are also the ones buying condos in manila and driving up prices for the locals
...you forgot the tax
may mga lalaking nurse po
Living here is like a prison and it's only for the rich . If you're not rich in the philippines you're basically a Slave to someone.
@@ryo-sf thought it was the Chinese let in by Duterte?
Good luck Mark Lorenzo. He is close to achieving his dream! 🎉
Born at the wrong place & at the wrong time. Many of us are way more fortunate than him should appreciate & be thankful.
Ahhhh.. okay pat yourself on the back, hope you feel better!
What? He isn’t fortunate enough to be living on his own and have all basic neccessities and every luxury like an aircon?
@@romella_karmey I'm telling you, aircon is not really a luxury in this country perhaps unless you have Coconut Palace-like mansion in some fancy hacienda in the province,
@@abrahamdsltell that to people who live in squatters area in manila. This dude in this video is not a norm. I bet he earn atleast 5x more than average wage in the philippines. There is a reason philippines is third world.😂😂😂
@@kawaiipotatoes7888 LMAO. I've seen so many informal settlers area like there opposite of DPWHCentral Office, in Port Area, City of Manila where lots of the households have airconditioning!
In Malaysia, federal or state gov every year gives tax relief , gov guarantee for first time buyers , and even build low cost apartments 80-100m2 that costs RM 170, 000 ( 2,200,000 pesos or usd 40k ) and above . Thats why for KL apartment index its possibly only second to SG
Condo prices in Metro Manila is insane!!!
It's the city tf u expect?
@@H1ROYaGAMI it's the fcking [median] income to housing costs ratio, capitalist bootlicker. compare such ratios with neighbouring sovereigns like Malaysia and Thailand even.
A local can't even afford that.
Because of POGO
Visit japan or hong kong. To make your "tiny" condo feel like a palace when you get back.
I don't get it in Hong Kong... too expensive. If I am a condo owner in Hong Kong, I will just sell it in my retirement then migrate to The Philippines or other SEA country.
There are good house prices in Japan. Just get one outside Tokyo.. or from outside the Main cities. Some houses there are even more affordable than in the Philippines.
Not to sound “judgey” here, but I am also his subscriber. Also saying this as someone who is gay. Most of gays his age really dreams of moving to the Metro. It’s the hustle and bustle, the life, the freedom, the proximity to the latest trends, is what normally attracts young gay men to the city. For other things (hooking up culture) I’m not exactly sure. At least based on my experience - it’s more of the lifestyle they crave. So telling him to “invest” instead of working hard for a condo unit. Or “buy land” in his province isn’t really an achievement for a young gay man. It’s usually condo, a automatic transmission car, brunches, membership to stores like Ikea, Landers and S&R, having access to coffeshops, malls, gyms. That’s the life they aspire to. And that’s not wrong considering marriage and having children isn’t an easily available option for gays here in my country. It’s just to put context cuz I’m seeing a lot of “why pour out all your resources into trying to live in the Metro?” Bottomline - he is doing FINE. He is HAPPY and THRIVING.
Did he disclosed that part? You are judgey
Big cities also tend to be less homophobic
I'm thinking also the same. You are right there
Even if it's not trendy to young filipino men who are gay everyone should be wise with their money. Better to rent than buy a condo
@@JohnDoe-y5p I agree with that, by renting a cheaper but modest apartment. But there are some gays who are buying condos because they are business minded regarding real estates and other investments. Some buy condos and then they rent it out and will sell them later.
Personally, I find condos to be too much of a liability. We own condo units before and aside from the associated costs of maintenance, Insurance, and taxes, you also have to adjust to noise from outside since a lot of them are not really soundproof. we left because it was damaged due to the earthquake. Also, the unpredictability of the market and your life makes it a risk because you have to pay that mortgage for 10-25 years
omg damaged by earthquake?? may i know which condo is this?
Yeah and when the “Big One” hit condo dwellers gonna have a hard time adjusting
Condo is an investment and good potential for passive income. It depends on how you manage it.
I bought my first condo in Metro Manila way back 2008. When I saw the huge potential for rental income as it beside a University. I rented it out after 2 years of living on it. Rental income is 2x my monthly amort.
I now have 3 condo. I rented it out long term and as staycation. They are earning pretty well.
@@macolet9711 unfortunately that is not a good option these days with the oversaturation of condo developments. I also rented out our property. It was good income for a while of course
Makes me wonder how real estate companies and developers are still thriving, when more and more people can't afford their properties.
Me too
Bought by the rich and rented out to middle income individuals. People who have money see condos as investments so they buy in bulk.
I think maybe because there’s 100 million filipinos. There are still so many filipinos, fortunate enough, like me, and i’m so grateful to have several condos! I’m having it for rent. It’s just that the average population can’t afford it, but many filipinos can
OFW's na madaling maloko/basta na lang makakuha. then there are also foreigners.
Baka nga the real estate companies/tycoons do corporate layering shits and buy their own built properties kuno to mimic market activities.
Mostly sa bumibili ng condo unit ay ginagawa nilang negosyo like Airbnb for rent sa mga employee at students naging investment nila ang condo.
*I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone's that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.*
The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.
That's awesome!!! I know nothing about investment and I'm keen on getting started.
What are your strategies?
People dismiss the importance of advisors until they are burned by their own emotions.
I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. He has helped me raise my reserve from $275k to $850k, despite inflation.
If you are using a really good broker or account manager, it's easier to earn from the market
Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience.
I was born and educated in Manila fortunate enough that my family owned 2 houses 1 in the province and 1 in Manila and i took up nursing to be able to come and work in U.S which i did right after few years of graduating college ,
because i knew from the get go ,that the Philippines doesn't have much appeal for me especially Manila too congested, high cost of living and low salary.
Hi Enzo, I'm worried about your safety with the Tubular Loft where you rest. Seemed like it was not bolted well though the walls and has no Columns for additional support. Have it check again bh those who can understand.
second, I don't believe It is 22sqm. size. I have 23sqm condo as well in mandaluyong and it is way bigger than that "22sqm"
Agree, I guess he is including the upstairs part as well.
Shameless plug lmao
I think it really depends on your lifestyle. My family and I live in the countryside, and we're able to manage with just one job each. While the cost of living here isn’t exactly cheap, it's much more affordable than in the National Capital Region, so we don’t need multiple jobs to get by. Housing is more reasonable too. We’re fortunate to work from home, and that might be something worth exploring if your career allows it. Living in Cebu gives us the best of both worlds-city life when we miss it and the peace of the countryside.
Hindi talaga mawawala yung mga proud province comment lmao
@@heymingki anong paki mo. Lol
@@heymingki pag inggit pikit. 🤭🤣
@@mjdin4705 ay never ako maiinggit sa mga bisayang probinsyano haha
@@heymingki I'm a proud Bisaya and even prouder Cebuano! At least we have a strong culture and speak English better than most uneducated, classless people like you. Maybe all that pollution in the city has affected your thinking. Try coming to the province sometime to breathe some fresh air and clear your mind a bit. 🤭🤣
We Cebuanos are very intelligent people. The fact the we can speak multiple languages and dialects is proof enough of our intelligence and something to be proud of. Can you even understand Bisaya? Doubt it.
Anyway, I don’t want to waste my time on someone so classless, cultureless, and envious. I'll go outside now nang makapag breath nanga nang fresh air na wala sa polluted city nang hindi maging polluted ang thinking like you. Lmao. Tata! 🤭🤣
great personal story of normal filipino trying to make it in the big city.
Filipino millennial office worker also here (28 years old too, like Lorenzo). Honestly, the prices of pre-selling condo units in Metro Manila feel like a scam and are way beyond reach. Metro Manila = 1st world prices at 3rd world quality of life.
I gave up investing in a condo unit within Metro Manila because it’s just too expensive and eventually you still have to deal with the terrible traffic & pollution everyday.
For the price of a small studio or 1 bedroom pre-selling unit in Metro Manila, I was able to get a 3 bedroom house & lot in Cavite (just a 30-40min drive away from southern Metro Manila), and the quality of life is much better.
These properties are expensive because they target the OFW and foreign citizen market. One of the main reason why properties in this nation is out of reach for average Filipino workers in the country.
I used to work in a real estate developer company and was assigned in the construction sites of their subdivisions. Most homeowners are OFWs and seafarers. There are others who are not, like businessmen, but there are only a few of them.
@najgarcia410 Thanks for the info, man. I'm glad to know that this comment of mine has others to back it up.
Agree with Enzo . Baguio is really a good city , but the salary nasa and career nasa Manila talaga.
I moved out of Metro Manila. IT jobs are more flexible if you're open to working for global startups which is also willing to pay more. The risk there is some companies go bankrupt. I have 2 Macbooks from 2 former companies i worked for which went under. Pay was good though and I made it a point to save so in case that happens again I have a financial runway.
I would be re-considering if I have a family but being single, working for startups was a good way to build my war chest.
Bro, im in cybersecurity , how can you secure job from international startups? Is it Portfolio and experience? I have few wins in bug competition.
Love him i always watch his vlog
Condo price is expensive because the market is open to both local & foreign
Great story. Enzo is on the right track!
crazy what corruption can do to a country.
oh, its just the top of the iceberg
and stupidity - who elects these political jokes in the first place?
@@abrahamdsl oldies who knew them cuz they're famous as actors lmao
Yeah the senate is literally composed of plunderers and ex convicts. 😆
lets see what honesty does in the UK, and US where there are so many homeless and people living below the poverty line due to insanely high living costs. hidden poverty is a thing too. politics in general is messed up.
Condos are expensive in Manila, they were oversupply now.
Thats not 22sqm. More of 11 sqm
Came on here for a quick study break, and this depressed me enough to hit the books for another 2 hours. Inflation is no joke
Yup, I seen some of the IT and office mainly customers service work from Canada get outsource to Philippines. I remember back in 2019 the office I was working at, the people there were happy about work from home and increase payment due labour shortages. Now in 2024 more than 3/4 of the office department has been outsourced.
Eastwood condos are at P3M. Why are Makati condos 4x!? And I can see 2-floor subdivision types for P2.9M within Metro Manila.
Different tiers
iirc very near to Marikina Valley fault ang eastwood and so liit pa, and hirap puntahan.
Makati is quite central , relatively more easily accessible to almost every other thing.
3 million all cost paid? 😮 I though condos are around 10-20M
Is 3m only a studio at Eastwood?
Good luck and God bless, Enzo.
Why not look for a IT job overseas?There is a high demand of IT professionals worldwide, He can easily triple his salary and live a more comfortable life. Also, have an opportunity to be an PR or a dual citizen in some countries and have the chance to travel the world.
On the other hand, he can work in overseas temporarily for a few years to save money faster then go back to the Philippines and buy his own condominium somewhere in Metro Manila then look for a decent IT job ,and for sure he will find it without difficulty because of his overseas experience. This is just my two cents
With the oversupply of condo units, prices will go down soon!
Hello from Bucharest, Romania - a huge underrated city in Europe:)
6:00 this notion of companies paying people more in Metro Manila needs to be curtailed if not abolished if decongesting the metro is the goal.
Hindi ako magiinvest ng condo sa Manila or anywhere sa Phils. Mas mainam kumuha ng maliit na lupa at tayuan ng maliit na bahay. Same cost pero solid ang investment mo.
Those condo developers are scamming you 22sqm is barely even the size of my washroom let alone my shed.
At different age, the viewpoint changes.
Minimalist is on my list
That's why WFH is better. I earn good enough but doesn't need to spend as much since my room is my office.
Australian companies contract out Filipino software developers for low salaries to western countries to reduce headcount and spending on local industry talent, which is somewhat interesting.
Unfortunately a decent meal, a decent living, condominiums are marketed for foreign workers. Not to locals
The whole world is not having kids anymore but here in our country, everything is still the same! 😂😂😂
renting is the best way to go in the Philippines
2:55 lol that’s exclusive of Tax, Philhealth, Social service contribution. 😂 the salary is still not enough for a decent-size condo or not even a house.
Leave the country while one is still young and able. The challenges presented in the video are nothing new - these are same old problems discussed for decades, used in electoral agenda, yet still unresolved. Philippines is pathetic.
True 😢
U Filipinos can stay put in ur home country or go and suck white sausages
or you could say leave Makati. Yung income niya sa software at RUclips ay sapat na sapat kung di siya sa Makati nakatira
Real life little john!
puta madre I’m only proud of how we speak clear English pronunciation in Southeast Asia but not proud of our peanut salary😂
what clear english? taglish na.
Software Devs - 70k?
Sana all nalang hahahaha. I'm an IT dev btw.
All jokes aside, I think this has to do with the surge of POGO workers in the country.
Let's see next year if the rental rates will go down since the demand for units is expected go low as well.
please how can I make money through Cryptocurrency or stock here in Philippines? I'm just curious about the whole process. I still haven't figured out what to invest in yet.
Somebody once told me "It costs you more to be poor." 🤯
Speaking of investments of passive income, Well I picked the challenge to put my finances in order. Then i invested in through the assistance of my discretionary fund manager.
Cryptocurrency trading isn't easy, but with the help of an expert and your patience, you will get a good result and understanding on time.
As a beginner investor, it's essential for you to have a mentor to keep you accountable. I'm being guided by Beatrice O. Wendy, a widely known crypto consultant.
@@FillyBen-yw9kwI agree with you and believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend real estate or crypto and stocks.
@@AnitaKingsley-pg1uc
Was able to buy mine at 32. I say luck was part of it.
Housing in Manila and suburbs is a buyers market. If you are investing to live in it then that's good. But the market is not a good investment for selling. It would take you a year or more likely 5 to sell your property. If your investment horizon is as far as that then you are in a good position.
Thank God for Work From Home! You can work while staying in the province where it's less crowded, air is considerably cleaner and food is more affordable. But I can't blame people who live in Manila, there are things in the Metro that you can't find in the province (like cheaper Gas!!!!). It all boils down to what you want. Do you want to live in the fast lane and stay in a Megacity or do you want to chill and stay elsewhere.
You're such a lucky guy having your own condo. unit. When i started working in '96, my salary in a bank was only Php6,500. Ang saklap lang to realize that a fresh grad from a well to do school already earns 5-digits like, Php21k...😢... And it was already 2011 when I earn Php20k+ salary/mo. Then, I had a stroke.
I agree. This is not a 22sqm unit. It looks like a 16sqm.
You can buy a cheaper one in secondary markets enzo and a bigger size too, don't buy the new overpriced developments. Good luck to you.
"Find a job you love, like a good-paying work-from-home job, and you will never have to work a day in your life." - some random IT guy living in the countryside
The question is what happens if he decides to have a family? Added financial responsibility and that condo would not really be feasible.
I cant imagine living in Metropolis Manila. Its a big city alright. But its a city thats lacking so much amenities.
Condos in the Phil are so small. I am planning to buy for passive income BUT I feel like its not worth it.
dont save to buy a condo..but save money for you can use for business in case your job is not present any more..buying a 10 million peso condo ang paying for the next 20 years is risky..unless you are in two with your wife to share the mortgage..
Businesses are risky as well.
Business is just another job where you are the one funding it.
The government should focus on continuing to decentralize jobs and development to areas outside metro manila instead of thinking of ways to steal from people's taxes. We all know that one fourth to half of what the government spends on projects are stolen by politicians and government officials connected to these projects.
Little john: ❌
Mark Lorenzo: ✅
I know someone who works as a Bank OIC in the province and earns 70k+/month.
Ultimate dilemma for people living in the city;
Buy a condo for a higher price; More likely you are closer to the best services and a walking distance area from work.
orr
Buy a piece of land so cheap but quite far from the CBDs. Eventually, you’ll buy a car to travel to the main city area. You now have problems with car maintenance.
Pick your poison
I would love to live in Baguio ❤
The BANKS he talked about:
SEABANK
OWNBANK
GOTYME
CIMB
Hindi po sapat ang 500k 😅 bank charges, MRI, assoc dues… think twice when buying a house / condo 🙏🏻
I want a 2nd job? I live in a province. Working as.govt employee but need to earn more to make ends meet. How can I get a 2nd job or side hustle?
1:31 that's quezon city morato not makati
This is crazy. Manila indeed has higher wages, but the cost of living eats all that up. End game is it would be better to live leisurely in Baguio than be stressed out and have a stroke in Manila. By 45 years old he will realize he made a mistake. I am 50 and i realized moving to Manila from my province was a BIG mistake.
BTW, the air pollution in Metro Manila is horrendous! Breathing clean air is very important.
OMG i hooked up with this guy a few years ago XD
Cool lifestyle dude 😊
This data about salary is wrong. Production Supervisors didn't get paid that much.
Filipino salaries haven't increased in decades yet everything is getting expensive. How can you even save money. Everyone is not an IT professional.
I myself as an IT professional, masasabi kong medyo fake news yan hahahaha
@luigioctaviano yung ano?
It's getting harder and harder for our generation to buy properties...
11:59am 10-21-24 MON
Living in Makati Central Business District is toooo expensive, you have to budget 2500 pesos for a three decent and nutritious meals per day.
wtf???!!! Are you like a dude pare chong who just wont eat at those Jollijeeps? Even with all the inflation since, you wont reach more than 600 per day for well-balanced meals sought from those.
I think Maam Marife, the VP for the Philippine Institute for Development Studies, need to touch some grass. No way all us Gen Zs have higher earning capacity. The sample here is very skewed, showing only one person who is earning higher than the 2022 monthly average income. Even I belonging in the IT sector can see that the claim that our generation have this higher earning capacity implying we CAN buy homes is misleading...
But in theory Gen Zs are more capable in landing high earning jobs, especially when revolving around technology no? Digital era.
Sa government lang ang chance na magkaroon ng magandang sahod.
Sa engineer swerte kapag more than 30k basic mo in private companies
He is trying to live makati. Why not in manila or mandaluyong? I have a condo in manila for only 13000. its much bigger and high ceiling . See in my shorts. I'm just 10 min drive to makati.
perhaps he doesnt want to deal with the shitty time-consuming, insanity-inducing public transport or whatever semblance of it?
he bought in to the fad. it would be better for him to move somewhere like davao or bacolod.
@@abrahamdsl There is grab. based on his income he can afford grab to office everyday
@@derbdep are you dumb? Metro Manila is where most of the opportunities are, for the foreseeable future, for his context.
this is not 22 square meters guys,, I lived on 24.. unless you mean square feet :P
manila is also a gay heaven with unlimited grindr choices, adult entertainment clubs, baths and saunas. it's not all traffic, poverty and misery. as a young person, it's hard not to like it.
Common filipino workers can't afford this kind of shelter. Considering the daily minimum wage of the country...
Great job for Enzo for achieving his dream, but I'm sorry to say that this is a cherry-picked example. An average filipino needs to go through so much loops just to get where he is. Tech jobs are definitely one way to get there, but I doubt Tech Jobs is enough with the inflation of the Philippine economy. It doesn't help that there are landowners that are not like Enzo's Loft condos who charge exhorbitantly with barely enough income to make it in everyday lives. Just goes to show, rich gets richer and poor people gets poorer.
Wow !
Wowww...very expensive in Manila
nice
✋✋ Philippines