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Originally Posted by Gloucesterguy
Thankyou again Serendipidy2,
Hopefully Tumbleweed is willing to share some knowledge and experiences. Definitely try to make contact there.
The Philippines operate the same restrictions on medical insurance. I believe its very difficult to get medical insurance above 65 years. I did notice that Blue Shield, think thats who it was, is introducing insurance for seniors but at a very high price.
I do not need to be reminded about land and property ownership in the Philippines, having suffered a very costly experience there. But thats another story. 
Will be spending quite a lot of time looking up all the "must know" on MM2H and beyond. |
Gloucesterguy,
I nearly made the mistake in buying. I found two gorgeous lots with a fabulous view overlooking Cebu ready to go. The price was right and I had asked several people if there were any restrictions. No problem I was told. I had an Architect and geological engineers up on the site, "Great lot" they said. Then, just to be sure, I got my attorney up there. He tried to show me other land to buy. Finally I pinned him down and he admitted I could not own ANY land unless I created an artifice to buy it in a corporation. I can see how that would go and one day, after paying for the land and probably building that home only to be asked to leave the Philippines. That ended that and I soon departed from the Philippines. Now, had I married, I could own the land and build that home but the day the paint finished drying my new wife could say, "Bye, bye" and she would have a new home. Thanks but no thanks. The Philippines is not a friendly place for expats. Even if you find a good woman and marry her you have few rights.
In Malyasia you can buy and own your home. I like that. No ambiguity there!
I would still rent for a year. It's easy to buy and not always that easy to sell. Plus you'll learn a lot more about real estate values and where to live. Tumbleweeds would be your best source as well. Go back and read her postings if you can - well worth the effort!
Serendipity2