Hello, I am retired. I am from the USA, but I live in Japan. I want to have a vacation condo in the Philippines. However, I am not sure if I should rent or buy a condo. Could anyone give me advice or to help me decide what I should do. I want to stay in the Philippines during winter time because I don't like the cold weather in Japan. I stayed there last winter, but it cost a lot; I paid over $1,000 USD for 16days. I was thinking that I could rent a condo, but If I buy a condo then I do not have to worry about finding a place to rent. Also, I could rent it out whenever I'm not staying there, but it is not my sole purpose of wanting to buy a condo. What do you recommend? by the way, the city name is Makati. I am willing to pay up to $500.00-$700.00 for monthly payment. But, if I do then I think it is best to buy instead of renting. What do you think?