Buying a House and Lot

Posted by Abdel Kadz on Wednesday, March 23, 2011 with 1 comment

No not me! How I wish one day I could say that with conviction. Buying a house and lot is one of those really important things a person could want or dream of in a lifetime, including that of the stable and fulfilling job or that successful business of your own and the car to die for. Getting these involve intense hard work and perseverance (especially if you were not born into an affluent family), not to mention time and money, lots of it. I don’t see myself getting any of these as of yet, although a lucrative job is in the offing, to a friend who is just a year younger than me (I am still in my 20s if you’re wondering), it is now within his hands’ reach. To see him get a place for himself from the fruits of his labor is something someone like me could look upon with pride and brotherly envy, and it is a motivational thrust not just for me but for everyone to aspire to something of the same magnitude as well. One afternoon we were driving around town when he decided to drop off some paperwork for and introduce me to his soon-to-be sweet abode. Like earlier said, his brand new house and lot is just within hands’ reach he can move in as early as two weeks.

His newly acquired property doesn’t cost cheap, though. It’s to the tune of P750,000, and he will be paying for it in monthly installments for the next 20 years. Of course, he has the option of paying for it in lump if the finances permit. A commitment of 20 years will probably scare the hell out of anyone, and it will take a steady and fairly-paying job to materialize an investment like this successfully, an investment no easy feat, even for someone as young but brave as my friend. I for one dreams of having a house not for myself but for my mom as the place we called home in Zamboanga City was brazen to the ground in the early 2000s. Lately, I have been talking with my mom about investing in something tangible and long-term. I feel the urgency in her voice as I have seen how hard life became for us, especially on her, after that incident. I have come to think of it time and again, as I have the capability, in the long run, of getting a house and lot of my own from a prospective job in the United States. In the meantime, I saw the simple yet beautiful house aground a lot both of which my friend calls his own. I looked at the joy that glows from his face. Imagine, a house and lot at 27. The joy was infectious.
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