10-Reasons Why He's Selling His $4 Million Dollar Dream Home in The Philippines?
ฝัง
- เผยแพร่เมื่อ 20 มิ.ย. 2024
- Here is the link to Alex Kosh's increible video of Steve's 4 Million Dollar Home.
• American Expat Built a...
Thank you for Subscribing and Sharing my Videos.
For those of you who have been asking how to further support this channel. PayPal Works best.
PayPal: markfthornton@yahoo.com
Thank you! - บันเทิง
![[Full Episode] MasterChef Junior Thailand มาสเตอร์เชฟ จูเนียร์ ประเทศไทย Season 3 Episode 3](http://i.ytimg.com/vi/A1XXYbV048k/mqdefault.jpg)
Your vlogs are great !
Thank you 😊
There is absolutely no way I would leave that set up to move to Florida. At this point why wouldn't this guy just hire private teachers in the Philippines and educate the kids the way you would like. Plus still letting them be kids . But to each their own. Great interview Mark as always I really enjoyed it.
Hire a tutor in the Philippines or two. You have the money to fly in a tutor from any country of your choice.
Why is US so expensive ? Taxes, regulations, lawyers, big government, quantitative easing, money printing,...and greed.
Why would you move 2 young children who are happy at School in Phil to America. Most people want to leave.
I'd not sell and move for that one reason...that is schooling for my children. No one would. I would either homeschool or find a local teacher who would teach/homeschool my children privately. Simple and done. I suspect schooling may be a reason for the move but likely not the main reason.
I live in one of the lowest cost of living states in the USA and the average cost of a house is $228,000. That is for a house around 1800 to 2000 sq ft. I think the biggest problem is people buy way more house than they really need. My brother and I my parents grew up and had plenty of room in a house that was only around 1200 square feet. Too many people trying to keep up with the Joneses
Great interview! He will end up playing more for private school in the states once he see the craziness of public schools in the US! Dont move!!
Interesting interview. I lived in a 20,000 sq ft house in South Africa. I would describe it as a magnificent prison. I would rather live in a tent in the Philippines before I'd move back to South Africa.
I'm convinced once men get past 65 yo, they start to make poor strategic mistakes. Moving his children to the States is a critical blunder.
I think your guest is in for a rude awakening, if he thinks his kids can be a kid in the US he is wrong. The kids here are free and have a much better chance of just being a kid. He just needs to find a school closer, school days are a little longer but not much, 8am to 4pm or 4:30 usually.
I had to chuckle when he said, “I’m not rich.” I wonder what the average Filipino thinks about that statement lol. Regardless great interview.
Because money first and greed is what the U.S. is all about.
We just left Florida after 47 years there. The cost of living has went wild in the past 5 years.
We made our decision when the only home owner’s insurance we could get was 9,000 a year. 6 miles from a beach but not in a flood zone. Crazy now. And we would have to work our entire life. No thanks.
What you have wrong is Minimum wage was never never supposed to be a wages for a full time job to live on !!!
There are so many international schools in the Philippines. You can get the best education if you can afford.
My perspective from Manhattan/NYC and South Florida is DON'T DO IT!!! Things have changed so much, there's no point in waiting for this little phase to be over so things can return to normal. In this man's lifetime (mine too!) there's is no returning to the America we knew. The best comment I can make is either stay in your home --or-- seek greener pastures elsewhere and probably NOT in the USA. Sad to be writing this, good luck. and OMG!!! Don't let your daughters grow up in America. The culture in the USA has tainted womanhood and as someone born and raised in the US, I think the demise of the stay-at-home-parent has led to the destruction of American society.
Yes living now here in usa? Its not worth anymore!!!!
He claimed he’s not rich, but has a $4 million dollar house? I don’t see the connection. Is he just being humbled?
The average tutor salary in Philippines is ₱ 480,000 per year or ₱ 192 per hour. Entry-level positions start at ₱ 297,000 per year, while most experienced workers make up to ₱ 720,000 per year.
About $13,000 a year, to hire a full time teacher for your daughters. Seems like a much better option than subjecting your family to the States.
I just retired from LAUSD -over 30 years as a school psychologist helping kids with autism-speech/motor/behavior concerns-still miss the kids-with a cool CALSTRS pension with COLA!
We are moving to the Ocala fla area in 3 years when i turn 68. We've had our house here on biliran Island for 31 years now. My wife & I have been married now for 41 years & on August 22nd. we'll have 42 years under our belt. We knew years ago we weren't going to spend our golden years here..mainly due to the poor health care facilities here.. We do love it here but there is a time to leave at least for us..
coming back to a woke world oh boy
If I were in your shoes, I will homeschool/hire a teacher for my kids. I will not go back to the US, there are so many school shootings here & teachers are unhappy & always on strike & violence is on the rise. I feel for them, they’re so underpaid. In my opinion, your children will be happier there than here in the US, most kids are depressed & mostly indoors playing games etc. Social media has change the demographic of learning & behavior sadly😢 If I can move there I’ll do it in a heartbeat & move my 2sons & hubby, & we ♥️the tropical climate of the Philippines. Think twice, I hope you make the right decision for your family. Good luck 🍀
Simple living is the key. Retiring to PH after 50 years working in US. Social Security and 401k is plenty for living and travel.
Filipino kids can speak good English at ten years old.How many Americans or Brits speak a foreign language?
I know two ladies in the Philippines that have no job! This guy could pay a teacher for his kids. Also have a couple friends join in. He is making a big mistake!
$100,000 a year is just enough to get by in New Jersey where they have 11% higher cost-of-living than the national average and the home market is 30% higher than the national average. I live in Georgia where the cost-of-living is 10% lower than the national average and housing market is 23% lower and with a 92,000 a year household income, and a family of four and we have a great medical plan we get by each month and able to put away a little bit of money until the unexpected happens that drains our account again. 100 grand is not a lot these days. We just get by.
Just started watching the video and reading thru the comments. Waiting to hear his reason for going back to the USA but it’s hard to believe it’s going to be a good long term choice. Florida is very expensive now and I feel for his children leaving the freedom of the Phils for the school system in America now. I wish he’d hire a caretaker for his beautiful home in the Phils and give his family a year inn the States and then make the final decision where to live.
Today in Seattle, it takes $200,000 income to qualify for a home loan.
Why don’t you look into the international schools in Manila? There are excellent schools there. They are heavy on STEM and Robotics.
I really wish him and his family a good luck going back to America, I saw Alex's vlog of their house and it was just utterly gorgeous and that classic car was just wow! not to mention the mini cooper too! My husband is a petrol head and now he turned me into one too! I hope they are also considering a bolthole in Manila and put the kids in international schools like BSM or ISM, these schools are expensive but opens up opportunities to enter prestigious schools in Europe or US. I've read somewhere that house sales here in Philippines usually takes an average of 2 years before it gets sold, we're at the moment trying to sell our 130 sqm condo in Salcedo Village and we've had some viewings but no serious interests yet.
Police Chiefs in New Jersey are making over 200 thousand. Pension 65 percent of that. And still young enough for second careers. They are doing just fine.
Great video and a real nice and smart guy. He is in for the culture shock of his life!! He has no idea how much America has changed and I certainly would never move to Florida to raise two 10 year old girls.. there are many small towns in America that still have a wonderful quality of life but Florida does not have many of them.. you have to Wikipedia your town or county or area where you want to live then hit demographics and that tells the story.. sounds like the only problem he's got is 12 hours school days which are ridiculous.. just find the kids another school.. many great private schools in the Philippines that are cheap.. I can send my kids to private school in the Philippines and it would be cheaper than a public crappy school in America.. he is used to living in compounds where the population is controlled.. I have lived in compounds for workers and I loved it.. they do not let riff raff in the compounds to live.. I wish him and his family luck but after a few months in Florida he'll be back!!😮👍🤗😎🥂
Here in New Jersey police officers most of the time make over $100,000 a year plus pensions reflect the same after 20-25 with full medical benefits
Where average workers are doing maybe 50,000 no pensions Social Security maybe you get 20,000 a year after 40-50 years of working
And teachers are not far off from the police officers on their pay and benefits
Even poor people like me who have a house in the Philippines hire someone to care for the house 24 hours a day. (Our house is bit more modest). I am a bit like the Steve. I went to nine years of college and university and ended up being an organic farmer and making my money for retirement doing that.
I heard crime in South Africa is real bad.
My father started as a teacher in Florida in 1975. He didn’t start making a decent income as a teacher until 1997 but all of his four children graduated and was gone by then. So when he actually had some money we were all out of the house. It’s not really improved here in Florida with teacher wages. My 2 year nurses degree earns me 6 figures but a 6 year master in education you may make $50k after a few years
Hope you will not regret .
We think about retiring in the Philippines all the time but if I could afford a $4 million dollar house, it certainly wouldnt be there. It would be in Huntington Beach, CA where I grew up.
Great interview with Steve he looked so comfortable and confident in that beautiful chair, he should write a book chronicling his adventures. He is very well spoken and seems genuinely happy and so smart and humble. I am sure he was an asset to alot of people. I have been retired for almost a year and was a Project Superintendent for the largest and i feel the best Construction & Development company in the SF Bay Area for 25 years and enjoyed his description of his house and building process and yes their are many pitfalls in design that you run into and fix on the fly quickly since you are on a schedule that you have to keep. I would love to see the house in person after i saw the video. Cheers Mark and Steve!
Japan is super safe.
Raising kids in the Philippines has a better personality than in America, I don't regret my education in the Philippines, Education loans are so expensive just a regular vocational costs 100000 thousand .....Medical M.D 5000000 loan.....At the end of the Day...Thank you USA.Salute to U.S Vetarans .....Bring the KIDS to International School,Ateneo, or LA Salle.
So im from Norway, early retired and with my income I have no other way than to live my pension days in the philippines, if I want to give somethng back to my daughter, living in Norway with the lowest pension is early death. And since I don`t have many friends here either then the philippines is my final goal, and also im into motorbikes and loves traveling on them. Philippines is a dream to drive on.
Great video, I enjoyed hearing this fellow's story and about the house. Wish him all the best with the sale and his Florida move.
This guy is super smart and super ambitious, . But he's off on many things---. He says a car cost more than a house in 1960----and he's wrong. You could get a car for 2,500 in 1960, and we paid 7500 for our 900 sq. ft. 3 bedroom house in 1954. He is way off. And he doesn't seem to know why home prices are up so much? Our house was just under 900 sq. ft.----and now the average new home is 2100 sq. ft. More than double the size. And today's homes have A/C----which didn't exist in homes in the 1950's as I grew up. So he is right----that home prices have risen the fastest of all things----from the mid-60's. Groceries have gone down the most----with the big farm machines of today. We pay over twice as much for home-----taking inflation into account. But electronics like TV,s and Radio's and appliances are down. On his statement that homes were cheaper than cars in 1960---you were a gentleman-----and didn't call him out. You just said you were surprised----as you should have been. For true 1960 prices? Average US car was 2750 in 1960. Average home price in 1960----was 11,900.
The kids usually grown UP in western are bus-stard …unlike in The Philippines came from good School are polite.. & corteous ..😊
Thomas Sowell and Milton Freidman, the two greatest economists in history both explained what went wrong. Government intervention into the marketplace. Government guaranteed student loans and government guaranteed housing loans destroyed the economy, housing, and colleges. Watch their videos and get an exact explanation. They want both spouses working so they can simultaneously tax both people and destroy the family. Simple.
A very nice gentleman indeed !!
Interesting man as well !
Good Luck you won't find this Sweetness of the Philippines
Wish the Philippines accepted our senior MediCare, this is a major issue as we all get older.
The Philippines 🇵🇭 🐊 🦈 🐍 are awesome ❤️ 💞 💝
The house will be extremely hard to sell unless deeply discounted. People with money will rather build their own house to their liking. Over building in the Philippines is not a smart idea. Also, it is the not the size of the home that matters, it is the happiness that it brings that matters. The bigger the home, the bigger the responsibilities, the lonelier it can get when empty. A very big home not only requires a lot of money to maintain, but it will require a lot of your time. That required time could be spent on yourself, your health which is far more important than luxury.
Sorry but you did ask for someone to tell you why a house that cost $6K in the '60s now cost $140k in the 2020's. It's called the federal reserve bank combined with low interest, expansive money printing for 60 years. next question please.
It’s two sides to every story many claim oh I want to leave the US and millions want to move into the U.S. You cannot deny that the opportunity to make money in America is the only place to pull off wealth for all. Do what’s best for yourself!!!
Regarding prices/affordability.
I remember being a teacher straight out of college for two years making struggle wages. I quit and went corporate doing way easy work in comparison and made x3 more entry level.
Look at who was President in the States when wages suddenly dropped compared to corporate earnings. Ronald Regan.
Why inflation? Money printing (QE) and devaluation of the dollar is the problem...and huge national debt. Raise the minimum wage, the cost of their products will be passed on to the consumer....and you as the consumer will just see your expenses increase.
Great interview Guys.Im coming back to Dumagutete in April,I cant wait.Im so sick of England and the west.Im 47,so no quite ready for retirement.I really need to find a way to earn online.Really dont want to come back to uk.
Houses are much bigger today. The average size new build in the 1960s was
Terrific interview. Thank you.
Shool system now in the U.S is terrible.
Very interesting conversation and that chair looks very comfortable, I'm looking for a chair like that..
Great interview! Steve is an interesting guy. I saw Alex’s video also what an awesome house :-)
Northern Nevada teachers are at 90k.. great shows.. contemplating Mindanao
Enjoyable interview. Thank you.
A 6am-6pm schedule is too much, if you want them to stay like kids and have more time then why not put them through public school the schedule is 8am-4pm and your kids will most likely be treated like celebrities by the local kids.
I wouldn’t send my kid to school in the US with all the shootings.
Good video Mark, but I have one question for Steve. You want to go back to the US? .........Why? ;)
GREAT INFORMATION 🏝👏🏝
I am in Sarasota. I would walk at night there any time, I’m a woman yes there’s a few places that are a little bit sketchy, in different town in Florida. We all know those places and we don’t go there and especially at night, but I am not scared whatsoever here. And I live in Minnesota part-time I’m not scared there either. Yes, there are areas that you need to be watchful about and especially at night. This whole fear thing is not good for anybody. I don’t know what you guys are talking about. I’m guessing you’re just too old.
Wow! That was interesting. He’s so amenable to change.
I appreciate this vlog. Thanks, sir! More power and God bless and keep you and your family safe, happy, and peaceful always.
Inflation from a federal reserve bank and unchecked government spending printing money.
Well, no....
"Cars: In 1960, the average cost of a new car was approximately $2,600"
"In 1960, the median home cost $11,900"
I can tell you why Healthcare, education and the cost homes has gone so high, it is the direct result of the government getting involved
What am interesting life, shows you travel open your mind, respect to man who knows what hard work is..
These guys are amazing, his worrying about when are kid going to have time to be kids and wondering "why" is the US going down the tube basically. Well raising softies like his doing is part of the problem, lets start by raise tougher kids, like we did in the States when these 2 were kids, would be a good start; for God sake we don't even have PE anymore in our schools, because is too dangerous and violent for the sweeties, so let me go and find more time for my daughters so they can invested in getting their minds twisted by social media in the States and the West bankrupt system, really? Nice move Dad!
All the big hedge funds have parked their fortunes in real estate because they knew interest rates were going to climb . so billions of dollars went into the national real estate market and totally pushed up the price of housing .
3 language subjects in current school in Philippines will be replaced by lessons in self defense against gun violence in US Schools.Politicians in many States banning books.
interesting show
Very beautiful property.
Glad you got those glasses (mostly) leveled. :)
Taxes were not as high then either. And people couldn't sue the hospital or doctor. Car insurance wasn't required by law then either.
Yes thanks Mark, i saw this video on this lovely home. Got a lot of time for Alex, no b/s. LoL.
The answer he is looking for if education is truly the international schools in Singapore are the best available. Not in the US.
Very smart man
After a few years of college here in the Philippines, I would prefer my kids (if they like) to study abroad, where they can take care of themselves. Hopefully. If money is not a problem for him.
I had no idea roger stone was living in the Philippines.
Smart man, wife is CE. The children have good DNA. Maybe education solution is to seek best school on Negros for them and reinforce with some Math and Science home schooling. As a Yank born Filipino, my concern for his middle school kids are the STEM basics in Filipino middle school. I think I get him, kids need to come to dinner table...that could be important part of their education. Education is not just about the scientific method.
Fine interview... and cool hat!
(and shirt) in the intro.
US government policies and inflation of the dollar cause all the problems you mentioned, from teacher salaries to cost of health care.
Did I miss Steve describing his rise in the mining industry? Seems he jumped from working summers to his first retirement and then Mongolia.
Viewer from St George :)
He might like to list the property with Knight Frank in Manila. They specialise in the luxury market.
I can't imagine a $4M USD home in the Philippines. You can build a nice spacious western style home there for about $100k, but it needs to be in your filipino spouses name.
Great interview Mark and leading right into Alex Kosh's video of the house.. Well done Mark and Alex.
America, as well as other developed countries, cannot survive without immigrant workers. So, get use to that or see your country lose her economy power. America is rich enough to provide free education and health care to her citizens; and regulate the rental of homes.
Thank you, Mark! It was interesting to know more about Steve's background
He was one of the most interesting men that I have met. Thank you for the introduction Akex
Beautiful home. But good lord it seems like a ridiculous amount of work to maintain.
Just live for what you have, be contented,, be happy and healthy life style is ok
Now you know why people become ex pats. The cost of living is way out of wack ! Public school in Florida the kids are in a war inviroment for kids to grow up in. Its not safe there. Private school like Pine Crest in Ft. Lauderdale,Fl $45k a year for grades 1-12. Taxes on houses are $2k for every $100k purchase price - wow. Meaning your taxes equal your mtg payment. I had to move to South Carolina to get back into range of affordability for my retirement.
Teachers in the U.S. are NOT underpaid.
South Africa (SA) is an amazing place to live. It is my number 1 country choic to retire to and yes they are happy for folk to retire out there (you apply for a retired persons visa) but the downside is that you have to have private medical cover in order to retire out there as non SA citizens and because we had not contributed to a private medical cover for 30 years and we are fairly old and my partner has a neurological condition, a good NON Fully comprehensive medical aid plan would set us back by approx USD $1300 PER MONTH, that is why we not retired there.