With the costs of housing in the Philippines rising at the same time gambling ownership on the survival of marriage many Expat’s simply permanently rent as there is no incentive to buy a house that they can’t own. At the same time I wonder why rent as well especially with the last week looking at the container living concept again.
I have come up with an idea but ideally need feedback before I will take it any further. Basically it would be a case of looking to lease a large lot of land or buy it and tie contracts to it so it can’t be sold. The idea being that people lease long term a percentage of the lot which will have a sited converted container. They own the container 100% or can have it as part of the long-term lease. If they decide to sell the container if owned can be removed or sold to the next tenant.
So what is in it for me? well it would be a small monthly income for us here but at the same time the containers would form up a small community of Expats for either full-time or part-time usage. This would also mean “YOU” can rent your container out as well. I am mainly looking to keep costs down on the site as this would allow people to use the properties even for a weekend get away if not living there full-time. The main thing the expats would get is a secure home in a community of similar people and all going well near a beach. Secure in the fact its a container but also the ownership is yours it can’t be taken away as the lease is tied to the lot.
My big question is it something others are interested in? I have had 2 other interests since I brought it up with people looking to live on a fixed budget where this would work out as cheap as renting a small room except I am looking at a minimum of 40ft long containers which will offer 2/3 bedrooms, small garden and parking for each container and a roof deck.