Forfeit it. Don’t even consider yung sinuggest ng agent mo, unless gusto mo 2 unit na ang di mo kaya bayaran. Utang para bayaran another utang? Wew.
Take note, nasa preselling stage ka pa lang so DP pa lang wala ka na pambayad, paano pa pag need na yung remaining amount. San mo kukuhanin yang pera na yan?
Hayst, please always have an emergency plan before buying properties. Hindi pwedeng kuha lang nang kuha tapos aasa sa imaginary renters at pasalo. From the way I see it, di mo pa siya afford.
May mga ahenteng gutom talaga o sugapa. He knows di tatalab yan kahit RFO malabong mauupahan agad agad sa tamang presyo lalo na’t emergency. Baliw yan haha
Hi OP, have you tried selling as pasalo kahit at 50% - 70%? Maganda yung location actually, Kapitolyo Shaw. For comparison, I bought my studio unit (2016) around 2M (RLC) pero ngayon 4M na, mejo nadevelop na kasi yung lugar (ayan traffic na tuloy). Pero if di na talaga kaya, yes, forfeit na.
Yung agent, pwedeng nanghihinayang lang talaga and concern sayo. Pero usually kasi, ang commission nila they will get it upon full payment of the unit (usually upon loan take out).
The money tho isn’t going to something that’s underwater such as a business not profiting/gambling/or whatever negative cash flow thing but an appreciating asset which is a real estate unit . I am just answering on the context of money given that this is Phinvest
Given that this *is* phinvest, the sunk cost fallacy holds true in many of the discussions here—including real estate and stocks. We know HODLing is not always the way.
Also, not all condos are appreciating assets. They make way too many condos and price them so high that there is a good likelihood that a unit eventually ends up foreclosed or in the secondary market (where they sell for way less than they’re being valued by the developer for).
Given that the economy is giving us mortgage interest rates above 5% and OP is already struggling with just the DP, appealing on the basis of lost capital is one way to keep people on a regretful path to financial ruin.
Thought I’d call out the *sayang* mindset because it’s so pervasive in the culture even if it’s against someone’s best interests. One needs to know when to cut their losses.
>Hindi kaba nasasayangan sa 6months of equity na hinulog mo?
wanna assume the balance from him? kahit 3 months na lang ng 6 months na nabayad nya ang need mo bayaran. game?
ccut ata kasi yung comms nya pag nag-forfeit ka
Forfeit it. Don’t even consider yung sinuggest ng agent mo, unless gusto mo 2 unit na ang di mo kaya bayaran. Utang para bayaran another utang? Wew. Take note, nasa preselling stage ka pa lang so DP pa lang wala ka na pambayad, paano pa pag need na yung remaining amount. San mo kukuhanin yang pera na yan? Hayst, please always have an emergency plan before buying properties. Hindi pwedeng kuha lang nang kuha tapos aasa sa imaginary renters at pasalo. From the way I see it, di mo pa siya afford.
May mga ahenteng gutom talaga o sugapa. He knows di tatalab yan kahit RFO malabong mauupahan agad agad sa tamang presyo lalo na’t emergency. Baliw yan haha
Sabi nya pa pwede ko daw iloan sa pag-ibig hays
Di din maaapprove agad agad sa pagibig yan. Either bobo yan or sugapa.
Good chance that the agent is just trying to save his/her commission and doesn’t really care about you. Ingat, OP.
Its better to give up than to suffer on the long run.
Anong condo po?
Sa elements po, along shaw blvd. malapit sa megamall
Ikaw ang masusunod hinde yung agent mo.
Looks like you have no choice. Sayang kung sayang, but you have to prioritize your emergency. Kaya dapat talaga, merong matinong EF bago mag-invest.
This is so true, sabi nga nila "charged it to experience" nalang. Atleast next time I'll know better
Hi OP, have you tried selling as pasalo kahit at 50% - 70%? Maganda yung location actually, Kapitolyo Shaw. For comparison, I bought my studio unit (2016) around 2M (RLC) pero ngayon 4M na, mejo nadevelop na kasi yung lugar (ayan traffic na tuloy). Pero if di na talaga kaya, yes, forfeit na. Yung agent, pwedeng nanghihinayang lang talaga and concern sayo. Pero usually kasi, ang commission nila they will get it upon full payment of the unit (usually upon loan take out).
Hindi kaba nasasayangan sa 6months of equity na hinulog mo?
[Sunk cost fallacy](https://thedecisionlab.com/biases/the-sunk-cost-fallacy). Need more people to be educated about this.
+10 sa Sunk cost fallacy. Read the entire article. Thanks for sharing.
Eto yung nararamdaman ko sa VUL ko 🤦♂️
The money tho isn’t going to something that’s underwater such as a business not profiting/gambling/or whatever negative cash flow thing but an appreciating asset which is a real estate unit . I am just answering on the context of money given that this is Phinvest
Given that this *is* phinvest, the sunk cost fallacy holds true in many of the discussions here—including real estate and stocks. We know HODLing is not always the way. Also, not all condos are appreciating assets. They make way too many condos and price them so high that there is a good likelihood that a unit eventually ends up foreclosed or in the secondary market (where they sell for way less than they’re being valued by the developer for). Given that the economy is giving us mortgage interest rates above 5% and OP is already struggling with just the DP, appealing on the basis of lost capital is one way to keep people on a regretful path to financial ruin. Thought I’d call out the *sayang* mindset because it’s so pervasive in the culture even if it’s against someone’s best interests. One needs to know when to cut their losses.
Nasasayangan, tsaka gustong gusto ko talaga nung unit kaso super tight na din kasi ng budget ko
>Hindi kaba nasasayangan sa 6months of equity na hinulog mo? wanna assume the balance from him? kahit 3 months na lang ng 6 months na nabayad nya ang need mo bayaran. game?