Yes. Property can be taken by foreclosure if a prior owner granted a mortgage and the mortgage is in default. Even if the owner dies and the land passes to heirs, or is sold by the executor, the...
buying : add your wealth one time expenses aka investment permanent transfered responsibility as in you're on your own on EVERYTHING renting : you own nothing continuous uncontrolable expenses...
Purchase of items one cannot really afford and may not really need.
Payment of interest, which can become excessive due to length of contract, interest rate, size of payments, etc.
It is very easy to buy foreclosed property in the Philippines. The major banks advertise in the major newspapers and on their websites. The rural banks offer the better bargains because they don't...
some disadvantages of that is that people can disregard your rules and come in anyway, to think that your petition for privacy means nothing to them. (how rude) but still u can still have problems...