I find myself reminiscing that without ‘the gap in time’– at this moment I probably would still have some lingering jet lag from a 6-week vacation to the Philippines while catching up with bill payments. Instead, I tried to drag myself in writing the updates to pick up the 2-year slack.
Flashback to June 2008 when we were in the Philippines. We were happy to be almost at the end of the bit-by-bit slow construction of our retirement place except for what should be our master bathroom which I thought I would enjoy supervising personally. However the crashing of the housing market and the economy here in the U.S. had shifted our retirement options. In short, we’re still here in California dabbling in real estate among all things…challenging time to start.
July 2008: The highlight of our trip to Fairview–Larry spent a 6-scary day hospital stay at FEU due to Dengue fever. Thank G*d we were only 5 minutes away from the hospital. The silver lining to that cloud of doom, it happened in the middle of our 6-week vacation! He had the time to recuperate, and we didn’t have to cancel the trip back home. We got back and I was the one who got sick…not as bad though. I ate a lot of ‘kamote’ tops from my backyard, just in case I carried the Dengue virus!
***Lots of living in between! Larry is so ready to go home to the Philippines to retire; however, I know how difficult it is to retire in the Metro Manila area if you don’t have the money go some place else half of the time…a house is not enough!
November 2009: I finally convinced him we should try real estate since training shouldn’t be lengthy and may be a good interim job while we push back retirement to 2012. I was hoping the market would get better by the time we’re ready. If I only knew then, I probably would be thinking twice…maybe! Maybe not…
February 2010: We finally scheduled to take the RE State Exam a day before my birthday! I guess passing it was my birthday gift. Then come more training and morrreeee expenses, and I’m not seeing the end of the tunnel at all. The light of the new career has not dawned on us yet. We’re hoping that this is something we can take with us to the Philippines. Meanwhile…Larry continued studying for his broker’s license (NOT for me anymore!).
August 2010: Larry took his RE Broker’s test, and passed! Yay…he was broke, now he’s BROKEr than ever. We just need to sell our “first house” and 9 more…opppsss…did I hear a double-dip recession? I told him that we need to sell 10 houses before we can even go on our regular vacation. I might as well go back to blogging!
I guess I should continue to promote Fairview Apartments and open it to travelers.
Originally posted @ https://zylla3.wordpress.com
Posted in Fairview Apt., serendipity, Uncategorized
Tagged apartelle, apartment, backpackers, condo, family, holiday, hostel, hotel, life, Philippines, retirement, serendipity, Serviced apartment, townhouse, travel, vacation
Bedspacers…or backpackers? I guess this is a reaalllly new concept for my sister, and I can hear her arguing to the max against the idea. She’d rather stick to having (student) bedspacers. Maybe when I’m permanently based in the Philippines, I can look further into this. I don’t even know about tax classifications or any repercussions in diverting from original plans of straight yearly leases. This is the up-and-coming headache that I’m dreading to face.
My place needs a specific clientele with a maximum capacity of 4, preferably just 2. It’s somewhat strategic since I have malls, schools, hospitals, etc. within a 5-mile (or kilometer) radius. By Philippine standard, most that can afford the unfurnished 1-bedroom unit for $200-$250/month (depending on the exchange rate) are the dual-income family earners that are somewhat established, which usually come with 2 children (if I’m lucky). What comes with the package? Somebody has to take care of the household, the 5th wheel which could possibly be a maid, an aunt, a mother, or a grandmother. For a wonderful family, I am prepared to stretch the maximum to 5. Another hurdle, the unfurnished units are in the 3rd floor…tough for Grandma. I even lost a few pounds just going up and down the stairs when I was there for 6 weeks. Rent-wise, steep for starter couples either.
Summer of July 2007 that we vacationed in the Philippine (not that we have gone anywhere other than our house and my brother’s house, another family hub), I decided to furnish the 3 one-bedroom units on the 2nd floor. I knew I cannot compete with hotels since we’re right in the middle of the crowded city life–with regular folks. The cities in Metro Manila barely sleeps…life goes on: people working different odd hours, tricycles milling in every streets and alleys of the subdivision, and before you know it you’ll be waking up to the sound of the peddlers (that is if you’re not sensitive to the noise and you had a good night sleep). Oh, did I mention the neighbors? Listening to the on-going activities can be both ways though. This is real living in the Philippines, and not many foreigners could get used to the hustle and bustle of ordinary life here. The provinces could be different. My best friend from one of the Visayan islands swears that his province has a lot better air.
Let me backtrack 4 years ago when my husband and I decided that we will be retiring in the Philippines. We had only two weeks then to find a place to retire. Even if I had instructed my family there to have ready ‘lots for sale’ to inspect, I still scouted the internet for real estate information since I had been gone away for almost 2 decades without ones going back. I had come across a few interesting sites before that I still found lately when I got busy learning the ropes of blogging–much improved and with more elaborate information. I’m pretty sure they could be more helpful to backpackers.