Hmmmm, isn't the reason the real estate sector in CR, RVN, and PI are going up is because of US-born retirees buying retirement properties(CR ), expats investing (RVN), or overseas temp or contract workers sending money home (PI)?
The philippines' economy is particularly stagnant compared to its 'tiger' neighbors. It hasn't fully recovered from the 1997 "asian economic flu" Why do you think it has one of the highest applications of family unification emigrants to the United States and Canada?
I think the high cost of infrastructure is the reason prices haven't settled lower...
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Originally Posted by BlueWire
No, its just one factor. Real estate DOES have a lot to do with the cost of living going up however. When cost of living goes up it is generally because more money is getting pumped into the economy...Not always but it is a "tell".
The statement was made about these South East asian countries being stagnat basically, not growing...however you want to reword it...But that is far from the case. I'd much rather have investments over there that are going vertical right now than inflated American stuff
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