--- In LivingInThePhilippi
wrote:
>
> Benny:
>
> Left Japan for Manila in Feb. 06. The US dollar keeps
dropping. Is there no bottom? I've heard that OFW's are unhappy
because their income is dropping with the dollar. There was a story
going around that Auntie Gloria would establish a special exchange
rate for the OFW's of 50pesos per dollar but so far that hasn't
happened to my knowledge.
>
> I'm looking now to moving to the Province. I've heard rumors
that the dollar will probably fall to 38/1 very soon and to 30/1 by
the end of 2008.
>
> I hear there's a WalterMart here but have no clue about their
pricing. We have a place near the SM Mall of Asia called S&R and
they have lots of imported goods from the USA including washers,
dryers, foods, etc. It doesn't seem any more expensive to me than
local supermarkets/
stuff. It's inconvenient for us because no car so using a taxi
isn't easy.
> ------Manila Bob
>
>
>
>
> Benny Harper <bennyoki69@
> Bob,
>
> When were you last in Japan? Not to be argumentative; but the Peso
> will have to drop a lot lower (get stronger), in order for Japan
to be
> cheaper to live in. :-)
>
> I haven't done a lot of traveling in the last couple of years,
when I
> moved here from Japan, and I'm sure it is still more expensive than
> here. - IMHO: When I arrived here, as long as you wanted to buy
lower
> end products the prices weren't too bad; however, the upper end of
> products were more than in Japan, Hong Kong, and the USA. In fact;
I
> found them to be double the price of the US, and Hong Kong (tax
free
> port) was not like in the old days when things were cheaper than
the
> USA. Now they only equal the 'best price' you can find in
America. :-(
>
> It seems the 'rich', of the Philippines, like to make much more
money
> on top-end items than they do on lower-end items. - I suppose they
> figure that only the 'rich' can afford, so why not make double the
profit.
>
> Where is Walmart; when you need them? :-)
>
> Benny
>
> --- In LivingInThePhilippi
wrote:
> >
> > I'm also an OPM retiree and have suffered significant loss of
buying
> power due to the falling dollar. It seems to me the Philippines is
> fast becomming a very expensive place to live in retirement. Sadly,
> I'm looking at other countries but hope to avoid that option. Japan
> may not be much more expensive than the PI if this trend
continues.
> I've heard news accounts that the dollar may fall to 38/1.00 soon
and
> maybe to 30/1 or less by the end of the year I'm looking now to
> relocating from Manila to a Province. .
> >
> > ====Manila Bob
> >
> >
> > Glen Collier <alykev8892@
> > I am a retired American, OPM-type,in Cdo City,Filipina
> wife, asking
> > how other Americans are coping with the peso. In the last year
alone,
> > my income, if in pesoes,has decreased by 12k+ pesooes. I welcome
your
> > thoughts.
> >
> > Glen
> >
> >
> >
> >
> >
> >
> > ------------
> > Be a better friend, newshound, and know-it-all with Yahoo!
Mobile.
> Try it now.
> >
> > [Non-text portions of this message have been removed]
> >
>
>
>
>
>
>
> ------------
> Never miss a thing. Make Yahoo your homepage.
>
> [Non-text portions of this message have been removed]
>
Regardingpost above: Well I do not see any end is near on the
dollar/peso relationship. I now am very glad that I did not buy
property several years ago, almost 8 now here in Baguio, because I
just can not see the value in the property here. In the midst of
the dollar shrinking in value the landlord raised my rent, never
raised while peso was over 50 but, waited until 41 to dollar. I
have now switched my savings back to states in anticipation of
things getting worse. Laid off all workers until further notice,
stop tipping so much and have tightened the ship for rough seas. If
it drops to 30 to 1 like one poster said above, I will be making
plans to get underway to another port of call, for what is offered
here in the way of services it will not be worth it. At least in
other parts of the world even though I spend more I get more in way
of services, regular trash pick-up, water presssure, electric that
works most of time, and cable and internet that does not stop with
sudden change without notice, and governments that are some what
standard regarding routine operations. I hear that exports are
slowing and if the above is true they will stop from Philippines to
states. Are we in a recession already, one of Blomberg says yes
then 5 minutes later they say they dont think so. What is wrong
with this channel, I say we are in a Depression not recession. Now
the owner wants to run for president, he should run for cover, he is
a flip/flop rich New Yorker who should be voted out of office for
Mayor of New York, not put in charge of country. My views.......
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