UZI, on 15 July 2010 - 06:03 PM, said:
Hi Lee,
As usual, a well considered & thoughtful reply. I totally agree with your POV on retirees who are here for the lower cost of living and are on a fixed small pension. There are many Europeans who are really hurting due to the exchange rates being so low. I for one has seen a real drop in income of about 30% over the last 4 years. I am lucky that I budgeted for such a thing but others may not have had the foresight.
Thank you for the kind words.
Uzi I am glad you had the foresight and means to prepare, I did too but I also realize that not everyone is as fortunate and you or I may be, or may have had the luck of being in the right place at the right time that I feel that I have been lucky enough to have had during my life.
UZI, on 15 July 2010 - 06:03 PM, said:
I have to say though, that some who whine & moan are not on tight budgets & openly brag about their large electric bill for aircons on 24/7 and shopping bills. As for your 'express lane' quote, I think it is correct that this is an issue but only because it is added automatically instead of being offered as a choice. I remember reading once some time back, of an expat who took issue with this at BI & they refunded his P500 and was told to return a few days later. Did he make a point - yes but was it worth P500.
As for MR's reference to those who pay P20 -50k for fixers, that is there choice to use an agent to do the running around for them, it is NOT needed or a scam by the BI.
I learned long ago that we all have different priorities in life, some of us cannot give up our meat, some refuse to give up their booze and yet others such as myself refuse to give up my comfort or meats, so I sacrifice in other categories to have the things that I deem the most important.
I also learned a long time ago while in the Pawn business that many people put up a good front and live large while actually being poor or middle of the road, so I learned to never judge a book by its cover. When I was in business I leased a Lexus and I had friends tell me that if they had my money that they would throw away their money and some of those people were living in mansions, so often life is a perception and not a reality because I know for a fact that those people who said that, had a lot more money than I could ever dream of ever having, and who am I to count their money anyway.
So just because a person likes one thing or another, I have found that they can still be living on a tight budget to be able to fulfill their life dreams and ambitions and possibly also leave something behind for their wives.
UZI, on 15 July 2010 - 06:03 PM, said:
Perhaps Ancienrocka has some input on this 6 month extension issue.
As for your closing comment Lee:
Hopefully he will because I respect Paul and know how hard he is working so he can live in the Philippines with his beautiful wife.
Mr. Lee, on 15 July 2010 - 08:39 AM, said:
I feel the Philippines better wake up and at least try to make it easier for foreigners to live there or they may find many leaving, or not coming at all, and going to live in other countries that seem to appreciate the money we all spend while living in their countries.
UZI, on 15 July 2010 - 06:03 PM, said:
My point in the OP was what other country offers the chance for foreigners to live long term without large sums in their 'Retirement Program' ? Not Malaysia or Thailand or USA or UK. So what countries are those, who are here because Filipinas like old(er) men supposed to go to to spend their pensions?
Happy with his decision
Uzi
I do not know about all places but I do know that places such as Panama do their best to make living in their country much easier than the Philippines makes it for many of the expats who seem to reside there. So I guess what I was saying with my comment is that people have choices in life and when the Philippines is no longer much less expensive to live than the US or other countries, then less people while wish to move there.
Example, homes, condos and even land is much less expensive in Florida and also in other parts of the country. I can now buy a used 1 bedroom 1 bath condo here for about $10,000 and a 2 bedroom 2 bath for under $20,000 and while those units come with a few hundred dollars a month condo dues, much smaller condos and homes are selling in the Philippines for many times the units here would be selling for. So if prices keep going up in the Philippines for land, homes and condos, then rents are sure to follow and we already know that electric and western foods are higher there than here, so my point is that they need to keep BI fees down and try to get a handle on electric costs, in order to draw more retirees, because I feel the Philippine government is short sighted and does not see what a benefit it is to have so many retirees spending their money brought in from their home countries because a lot of that money does not go through the normal bank exchange process, so they may have no way of knowing just how much they are missing out on if it were all to stop one day or the influx were to come to a standstill.
While the Philippines is paradise for many of us, IMO it can be hell when costs continue to rise to such a point that too many people have to cut out doing the many things they moved their in the first place to do.
One of my suggestions for the BI is that if they wish to keep rates up, that they do so by offering convenience such as the option to pay for longer stays at one stop, or offer those who have higher pensions longer visas so they can spend that money in the Philippines instead of traveling, or move the BI near or in a mall so people can do two things in once. Convenience speaks volumes to some people, while for others it is just about how much an item cost.