Von Eric Cleofe, an IT professional, resides comfortably in a house he purchased six years ago in Antipolo, Metro Manila. Despite the allure of high-rise condominiums populating the Metro Manila skyline, Cleofe remains disinclined to trade his suburban home for a condo unit in the heart of the city. His personal preference highlights a broader issue of condominium unaffordability for the middle class.
High-rise condominiums have become a prominent feature of Metro Manila's urban landscape. However, these units are increasingly out of reach for many middle-class Filipinos. Rising costs are attributed to government policies favoring offshore gambling operators and a general decline in Filipinos' purchasing power.
Cleofe articulates his perspective on the matter, emphasizing the financial impracticality of such an investment.
"I don't think it's worth it to buy a unit that's worth millions of pesos," – Von Eric Cleofe
His sentiment underscores the perception that condominiums have become prohibitively expensive, though the article does not delve into specific pricing details. Moreover, Cleofe points out the limitations of condominium living space, suggesting that such accommodations might only appeal to wealthier individuals.
"Then you'll be stuck in a very small space. Maybe if you're wealthy, then it's fine." – Von Eric Cleofe
While Cleofe's decision against acquiring a condominium stems from his personal preferences, it also reflects a wider challenge faced by many in Metro Manila. The article does not specify the exact impact of government policies on affordability or detail how Filipinos' softening purchasing power exacerbates the situation. Furthermore, current market trends or specific condominium prices remain unexplored within the narrative.
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