The Philippine Economy and the "New Normal"

I have not been writing for the past few months and have been busy from other things that could detoxify and  destress myself  from this pandemic brought about by COVID-19 that has been trending with almost millions all over the globe were infected with this novel (new) virus. It not only affected production from manufacturing, agriculture, healthcare, and services but including private and public sector. 

INSIDE REAL ESTATE: On Buying Your First Home

"Have you dreamed of acquiring your very own home? Have you imagined, seating on your porch, sipping your morning coffee and reading your newspaper. Seeing your neighbors in the street mowing their lawns or cleaning the front yard? Or just getting ready for morning rush of going to work."

 Buying your first real estate residential property requires tedious and multiprocessing tasks of properly planning and making wise but crucial decisions. Buying a house doesn’t involve you as a breadwinner but involves your wife as a co-maker and a borrower and the whole family as beneficiary in securing your very own home and in the right neighborhood where you can live and flourish. 

Gentrification: When Old Neighborhood is Redeveloped Into A New Neighborhood

Photo by Marfil Graganza Aquino from Pexels

With the influx of migrant workers from mainland China working with locally based Philippine Offshore Gaming Operator (POGOs) companies located in Metro Manila and elsewhere in the major cities of the Philippines. A number of locals are being displaced and being uprooted out of their from their homes and old community where they have grown or lived over the years to accommodate new developments in place with old neighborhoods being torn down and redeveloped into new posh neighborhoods complete with business / commercial establishments and others catering only to those that can afford the luxury and lifestyle of the modern high society.

What is Gentrification?

Gentrification is a process of changing the character of a neighborhood through the influx of more affluent residents and businesses. This is a common and controversial topic nowadays with is happening around communities in Metro Manila. Politics, lack of urban planning and graft & corruption in recent times stirred problems in the NCR. In the world alone, housing rents have risen tremendously at three folds. An example of this is Amsterdam in the Netherlands and the city of London in United Kingdom with prices skyrocketing because of the tourism and international investors coming from the Far East. Local residents of London or Amsterdam are moving out of these cities and living a few kilometers away from suburban areas close to the capital or another city with lesser cost of living but accessible to their work / employment and businesses.

Celebrating Easter Day With You! | Lenten Celebration Message 2020

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Gloria in Excelsis Deo

Alleluia, Our lord and savior Jesus Christ has risen again as we celebrate Easter Sunday with high hopes and new beginning.


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What You Should Know About Estate Settlement?

Sharing my thoughts for those who still want to apply for Tax Amnesty on real properties, stocks / shares and others of their deceased decedents. Below was taken from the Rules of Court under the Philippine laws.

RULE 74

Summary Settlement of Estate

Section 1. Extrajudicial settlement by agreement between heirs. — If the decedent left no will and no debts and the heirs are all of age, or the minors are represented by their judicial or legal representatives duly authorized for the purpose, the parties may without securing letters of administration, divide the estate among themselves as they see fit by means of a public instrument filed in the office of the register of deeds, and should they disagree, they may do so in an ordinary action of partition. If there is only one heir, he may adjudicate to himself the entire estate by means of an affidavit filled in the office of the register of deeds. The parties to an extrajudicial settlement, whether by public instrument or by stipulation in a pending action for partition, or the sole heir who adjudicates the entire estate to himself by means of an affidavit shall file, simultaneously with and as a condition precedent to the filing of the public instrument, or stipulation in the action for partition, or of the affidavit in the office of the register of deeds, a bond with the said register of deeds, in an amount equivalent to the value of the personal property involved as certified to under oath by the parties concerned and conditioned upon the payment of any just claim that may be filed under section 4 of this rule. It shall be presumed that the decedent left no debts if no creditor files a petition for letters of administration within two (2) years after the death of the decedent. The fact of the extrajudicial settlement or administration shall be published in a newspaper of general circulation in the manner provided in the nest succeeding section; but no extrajudicial settlement shall be binding upon any person who has not participated therein or had no notice thereof.