Condominium living, the answer to modern residential woes?
A Filipino’s first dream is to have a house of his own before anything else but with the skyrocketing prices of land and construction materials, few are able to get it, specially in the metropolis where everything is expensive.
A house and lot double as investment and family comfort zone but in the big cities where cash makes life go round, it can also be a burden to the older people, particularly the retirees who must pay escalating tax on real estate properties.
When the children have grown up and are on their own, parents tend to be alone in a house, which could be costly to maintain especially in a bustling city. Read more…