Quote:
Originally Posted by Saeid
You seem to have taken offense to what I said about the Phils.
I'm talking about my personal experience in all 4 countries that we are investing. Phils has been by far the worst. In Phils we have properties in Antipolo, Tagaytay, downtown Manila and one in south of manila, in Falcon's court. We'd be happy to sell any or all of them and invest else where.
Again, all from MY personal experience,I feel that our money has been just sitting there. The one saving grace for the whole thing would be the rising Peso, which means if we can sell and get out, we won't completely have sat on our money.
It is not nice to use the word "ridiculous' in a forum like this. We're all adults and if there is a misunderstanding I'm sure it can be looked over, or at least resolved in a more mature manner.
Good luck with your properties.
Saeid
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Its not that I took offence, but I strongly disagree. Of course certain areas are better then others in the philippines and you need to be discerning with the location you buy in.
I used the word ridiculous not to be offensive but to convey my thoughts on investing in iran. i think its beyond belief to consider investing there unless you are perhaps iranian with a good knowledge of the local market and getting in and getting out fast. There are so many sanctions on the country at the moment growth is massiveley hindered. Its almost on a par with somewhere like north korea.