Another phone call

[stevewool]

Steveeeeeeeeeee could we loan some money to a sister , NO .

Then I get a full explanation of this great idea the sister is doing but she has not got the funds to do it , she is buying a bargain condo for 1.2 million peso for her daughter to stay while she is going to college to save her from travelling the 30 km there each day , yes I know that travel in the Philippines can take hours but surely there could be other alternatives like sharing students accommodation for the time she will be there.

Anyway 100,000 peso deposit is what they thought I would give them to help out , that’s never going to happen , but I am not that mean so I have offered our house in Marikina that she could use for free it’s about the same distance to this Patts college and I did give them the Facebook sites for house sharing around the college too, hope all this free information will help the family , but I don’t so , cash is still king in there minds not free advice 

[Jollygoodfellow]

7 hours ago, stevewool said:

so I have offered our house in Marikina that she could use for free it’s about the same distance to this Patts college

You might want to consider that she may never leave and you wont get your house back.

[Joey G]

15 hours ago, stevewool said:

she is buying a bargain condo for 1.2 million peso for her daughter to stay while she is going to college

I gotta say... this is waaaay more common than I would have thought. Almost all my wife's nieces and nephews have stayed in places that were purchased by their parents. They even took out loans to buy them sometimes.  A few were about the size of a large prison cell, but one sister built a whole house for "everyone in the family" to use just for this reason.  

Note - We never got involved in any of it... loans, down payments, tuition, etc. 

[Mike J]

Maybe she is mature and considerate, but I would be worried that she would invite a bunch of friends to live in the Marikina house.  Then those friends invite friends, could turn into a sorority/frat/party house.  And some young people, especially in groups,, can be rough on a house.

[Gator]

No dorms or bedspacer / boarding houses near the school? Or is she too good to stay in one of them? Lol. 

[Clermont]

23 hours ago, stevewool said:

but I am not that mean so I have offered our house in Marikina that she could use for free

 

7 hours ago, Mike J said:

Maybe she is mature and considerate, but I would be worried that she would invite a bunch of friends to live in the Marikina house.  Then those friends invite friends, could turn into a sorority/frat/party house.  And some young people, especially in groups,, can be rough on a house.

If they take the offer up of the house, I'll chuck in for the rent if I can stay, thanks. 

[stevewool]

17 hours ago, Jollygoodfellow said:

You might want to consider that she may never leave and you wont get your house back.

I’ve given up the thought that the house was ever mine in the first place 

[stevewool]

8 hours ago, Gator said:

No dorms or bedspacer / boarding houses near the school? Or is she too good to stay in one of them? Lol. 

That’s what I looked at straight away , but that is not good enough , not for the girl but for her mother .

[stevewool]

After trying to get more information about this condo and where it is , we have drawn a blank no more information coming our way, so can you buy a condo for 1.2 million peso ,plus what sort of monthly maintenance cost would there be , I don’t think you buy at that price 

[Snowy79]

3 minutes ago, stevewool said:

After trying to get more information about this condo and where it is , we have drawn a blank no more information coming our way, so can you buy a condo for 1.2 million peso ,plus what sort of monthly maintenance cost would there be , I don’t think you buy at that price 

You'd be very lucky to get a condo even in a bad area of Manila for 1.2m and certainly not near any good school or university but it's better than a sick caribou I suppose. .