CAVEAT, this article was featured on a PHIL newspaper (online - TopicsExpress

CAVEAT, this article was featured on a PHIL newspaper (online edition) ## Just a word of caution before you invest like a Ronaldo or Messi ## Messi and Ronaldo can buy real estate with mostly cash, which is quite different from majority of Filipinos. Ronaldos three properties (8M + 4M + 6M = £18Million) is relatively small compared to his £122M fortune. He can technically buy those 3 properties in one shot with annual earnings $73M (£43M). No sweat!! A middle class filipino earning 50K pesos a month needs 6.6x annual earnings to buy a 4M-5M property in cash. Other option is through loan which become risky if you lose your job during the loan period. Ronaldo can buy 3 properties in just 5-6 months from his earnings. A middle class Pinoy needs 70-80months from his earnings to buy a feel-like-Ronaldo-property :p So this piece of advice of investing in real estate should depend upon your circumstances. #Enjoy the World Cup games!!!

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