![[In This Economy] POGOnomics: Weighing the costs and benefits of POGOs](https://i.headtopics.com/images/2024/6/7/rapplerdotcom/in-this-economy-pogonomics-weighing-the-costs-and-in-this-economy-pogonomics-weighing-the-costs-and-EEDFF700DDF2BC58F108927AFAC1CE11.webp)
Just like any other thing in economics, POGOs have benefits and costs, and we need a more sober discussion on them moving forward
This is AI generated summarization, which may have errors. For context, always refer to the full article.
.First, the benefits. Undeniably, POGOs brought in economic activities that led not just to new investments and new buildings being erected and a former assistant secretary at the National Economic and Development Authority , testified in Congress that POGOs likely contributed aboutwas spent for the 10-hectare POGO hub situated on the land previously owned by Mayor Alice Guo.
First, the significantly higher demand for real estate units drove up prices of condo units and office spaces, to the detriment of Filipinos wishing to use them. In 2019, oneBut even as POGOs have exited in earnest since the start of the pandemic, new properties are just being finished. And the glut of vacancies is driving real estate prices down. You can just imagine that such wild swings in real estate prices are not good news for the real estate sector.
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