As a retired real estate broker very recently arrived in the Philippines I have a strong opinion about the real estate market in the U S. Sell your home especially if that home is in an expensive market location. You know which ones.

Yes, with 8 grand kids and 3 adult children, I figure to split my time between the RP and Maryland. And have been trying to decide these very issues as my 5 bedroom, 3000 sqft house doesn’t serve me well at this point in my life.

I think its better to keep some kind of property in the states the world is to crazy now, you can find a cheap place to keep in a small town, if you have family in the states that you can fall back on that will let you stay when you come back that's a good option ,I watched your video on if you have health issue's its not good to retire there ,I'm 66 and diabetic and a cancer survivor I like the Philippines to visit but with health issues I need my insurance in the states but will vacation there about every other year health permitting. Like watching your videos keep them coming.

Thinking about selling house and put small cabin on 70 acres I own. That way I would be close to friends and family when I visit. Cheap to heat in winter and let friends use it for weekend getaway . I really want a place in Philippines to stay but we will see. I'm well above the sweet spot budget but I want to keep life simple

Have you ever owned a timeshare ??

Keep your home in your own country if your Sensible

In 2003 i took my first R&R in the Phils i was in love with it .
I had to under go some changes . I had a home in st Louis Hills i posted my home in 2004 while recouping from a RPG attack at Camp Anaconda iraq july 6 2003 i was off a year . My home sold in 2004
I went back to work in September 2004 i had to get used to wearing hearing aids . Plus i am bald from plate in my head . I met my wife she was married to an american he was not good i paid for and Anulment it cast me 5000 USD and 2 years
She called me in kuwait he left her with nothing .
She called me i said go to my apartment do not take a thing you and the 2 kids is starting over remember i love you the Anulment was granted in 2006 we married life was good . I stayed working till i was 70 i took my R&R at my farm my father left me my wife joined me last year and 20 ywar ild also i retired last year

My wifes mom just turned 82 she arrive Lambert international airport in st Louis Mo
She said i am glad to be in the USA.
Sje said she was on lockdown for 2 years in our home . My oldest daughter stayed with her and got her food our maid waited in her .
When dhe got her visa i seny her money and a Ticket .
She i lsten to what the new expats say . Tjese guys never been locked down
She said free at last
She took her mask off and traxhed it

I learned a few things ftom the Pandemic Do Nor keep all your eggs in one basket . Always have an out .
I was happy i could go back to my farm .
I had to have the home place remodeled my wife and 2p year came over and 82 year old mom .
I live in the country on missouri it never was bad may be the rest of the world was shut sown we wernot
I stayed working yes i had to Vacs up to travel when i was home i went to the bar

Politics is definitely different in Germany. You know after WWII later the soldiers are back to America. Germany rebuilt itself with its own hands. Debris has been cleared. GDR and FRG was a big difference. The people don't want to force communism in the long run. North and South Korea still have a cold war today.

The Wall has fallen, only speaking English does not suit Germany.

In America, not everything that glitters is gold.

Great vlog Steve . You have just talked about the exact thing I have been thinking about . Initially I thought keep and rent out but that incurs costs and you don’t know how it will be treated by renters . So for me it’s sell up which gives me a great pay up front hospital savings pot and money to put to one’s side for any other problems that may come along

If I don't keep a US address, how would I be able to file taxes and vote? Where would my mail in the states go?

My plan for making a move to the Philippines is to keep my 3 bedroom condo as is and maintain two residences for 2 years while going back to the U.S. every 5 months and stay around a month or so each time. Then I see how things go, if things worked out in the Philippines then I'll give my condo to the management company to rent it out. I'll do that for 2 years and determine what to do next, either sell it or continue renting it out (or have the option to completely get back to the U.S.). This way all my options will be open. Thank you for your great video.

Thank you so much for great information. Things are clear for me now. Appreciate you!!

Steve, never EVER have a relative be in charge of your rental home. They have zero experience with problems like if you get a tenant that does not pay for example.(and relatives do not know how to screen for good tenants) Always hire an experienced management company. They are only going to take 8-9% of the rent, and they can probably get a higher amount of rent to cover the fee anyhow. I own 17 rental units, so I'm speaking form experience.

I arrive in Manila May 11th. Plan on staying two years to start. Found the best tenants there is, so signing two year to lease. Do have family back in the states so if I need to, I have a place to stay. Nothing but green lights, so Philippines here I come.

you look younger in this video 40 something.

I rent out my 2nd house. My plan is to start renting out my primary house after I retire. That should give me about $1800 income a month. I have a fix it guy here so I don't see much of a problem renting out everything.

But if your property is here in California you'll only gonna be taxed to death!!

You might wanna keep a small place in the US or back home in case China invades the Philippines or something of that nature😀🌴🌴🍺

You’re right with life decisions 😊

Yup. Six month plan here. We have a toy empire on our Alaska homestead. Airplane, jet boat, four wheelers, track rig, dirt bikes, five snow mobiles, monster truck and 3 other vehicles…

Being able to walk out the door and jump on whatever machine you want with 50 million acres of wilderness out front – what a joy. Philippines can't offer anything close to it.

You can't rent an apartment with an airstrip.

Listen up Guys:
Do you want to die alone on your porch rocker ? or Die after sex in the Philippines ?
A real man's man he is. thanks Steve
Ps. I am sure gonna miss my 2007 ford five hundred. it's bigger than a chevy Impala.

To keep up with inflation in your home country. Selling your personal items and renting out your USA home is an idea if your home is in a highly sought rentable area. That way you can get a rental manager and pay a management fee for someone to run it and deposit your rental payments while you are here and you still have a place to live if you return in the US at the end of a rental agreement. Then use the rental income to subsidize your living in the Philippines.

Hey Steve I need to Commutate with you Thank you Marty

How are the gun laws there ? The gun laws here in the US are out of control

I plan to move to the Philippines, but for the first year I'm planning back and forth. Reason is because I don't want to make any big decisions in the first year and my home value rose 20% last year. Meanwhile, I'm preparing the home for sale ir rent. Decision will be made in 12 months.

I was fortunate, got divorced, received a lot of equity from our California home (due to amazing refinancing tactics), purchased 2 auction properties in Chicago, paid in full, no mortgage, fixed them up like brand new, renting them out for 3 years now. The 2 houses are now worth triple what I paid for them, but I will give them to my sibling (and maybe future wife) when I pass. I am working on securing a 3rd rental property before I go the the Philippines to live in September. I have zero debt, and don't like mortgage payments. Downsizing, and 3 vehicles to sell before I bolt. 3 rental properties, plus Social Security is more than I will ever need to live anywhere really. 10 trips to the Philippines convinced me that I do not plan to live in the U.S. anymore, but you never know. I lived most of my life in the place most people wish they lived, Diamond Bar, Southern California… I was a good ride, but I'm getting off that train.

It all depends on the links you have with your home country. I left the UK 30 years ago and have very few ties. I lived/worked in Hong Kong for a while where I owned property. I now live in the Philippines and have committed myself to the country – we own property here, have a business, a decent income and have a family. My home country is now the Philippines

Cheaper Yes, but 3rd World standard…

Short answer: Nope. Not unless you rent it out for additional cash flow. And get a storage locker … or better yet toss all your carp !

Excellent video. We keep our home in the US and have as Guardian take care of it when back in the Philippines.