The truth is the governments are scrambling round to rescue the markets but quite simply its all in vain. The markets were or in the UK case are still over priced. This is why i never purchased in the first place several years back when i looked at the house next to mine jumping from a value of £30,000 to £140,000 in less than 2 years you know things are out of control at the same time everyones promoting the great housing market and not meantioning repossessions were the highest baliffs had seen for a long time.
Getting back to my point.. if your in a loop maybe better to rent your home out especially if on a pension. Because quite simply the housing market is in decline. Owning a home becomes more difficult but people still need a roof over theyre head and rental is likely to increase. But if you relocate to the Philippines you have advantages with your pension. I can do a comparision based on a couple from the UK as I dont know the prices from the U.S. :-
Per Month :- UK Philippines
Rent/Mortgage - £400 £80
Fuel + car expenses £160 £20
Gas / Electric £80 £25 (with aircon on 24/7 and computers)
Food bill £160 £160 (this is due to UK imports such as sauces)
Night out (per night) £100 £15 (also includes taxis and drinks)
Medical expenses £0 £0 (you pay for what you use and no waiting!)
Tax related to pension £amount? £0 your a foreigner
Renting out your home £0 (if still there) £400 income from your UK property if no
mortgage and not previously renting.
Other major advantages are good weather you can “choose” to have transport but the local transport is cheap and very regular. There are multicabs (which arent best for people getting a bit older due to roof heights), but there is also Aircon full sized buses and taxi cabs. Aswell as a growing community of who hopefully you would become friends with. You could also have a live in maid,nurse,driver,gardener for less than £30 a month. Most people are just happy with a roof over theyre head food in the belly and some money to send home. But you could help them with sending to college etc. to give them a future its your choice.
The thing is you have to look at what you want in life and your quality of life. For me I love the sun relaxing and being able to be with my wife. A business that would cost me maybe £500,000 in the UK plus miles of red tape will be achievable in a short period of time with a lot less capital in the Philippines. Giving me, my wife and our children a future that wouldnt be possible in the UK.
If your interested in relocating you should contact me via mattwilkie@tropicalpenpals.com and i can offer advice “for free” (you dont get that too often from people these days). But your also welcome to browse our site. I also have a lot of contact with real estate agents that are trustworthy and your welcome to ask any questions or i can help you find a home.









