To international businessmen or foreign expatriates doing extensive business in the Philippines, they would recognize Makati City as the vibrant prime financial and central business district centre where the major head offices and corporate centers of the Philippines Top 1000 Corporations are strategically located.Makati City is the most progressive and dynamic business city in the Philippines. Salcedo Village is the Central Business and Financial District of Makati. It is where the most modern and functional residential and office commercial condominiums are intelligently planned and conveniently situated.
Thursday, June 14, 2007
A Word of Advice During a Housing Slump: Rent
According to a recent article A Word of Advice During a Housing Slump: Rent, featured on NYTimes.com, most argue that it's always a good time to buy, the solid return of investment, the tax incentives and of course the "American Dream," that so many strive to achieve. However, in recent years, that reasoning hasn't held true. For the first time in nearly 15 years, buyers have faced higher monthly costs than renters and have lost money on their investments. So, for those who opted to rent instead of buy, the numbers say you've made the right decision.
Setting the Rent
According to the New York Times article Setting the Rent on NYTimes.com, the potential of rental income is enough to morph homeowners into landlords. However, it seems all landlords grapple with the same nagging question "How much do I charge?" Landlords argue that when a rental rents too fast, they feel they might have underpriced the unit, or if the rental takes an exceptionally long time to rent, the unit could have benefitted from a price reduction. Although, it isn't neccessarily the landlords decision of how much to charge, because rents are largely determined by market prices.
Law Enforcement (Real Estate) Agents?
According to the article Law Enforcement (Real Estate) Agents? on NYTimes.com officials in the two of Islip on Long Island have taken recent measures to crack down on illegal rentals of single family houses. Recently, a law was passed that required real estate agents to verify that the homes and apartments they represent are legal and compliant with building codes. The new law also raised the fines for those in violation of the law. Furthermore, the law holds that anyone, be it the real estate agents, the homeowner or anyone else involved in the illegal renting of the apartment will be held responsible.
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