andytime

The bigger the city the bigger the fall as living is reshaped.  Bkk tourist dependent and thousands of extra rooms surplus to the market.  Anything dependent on credit will fall pricewise.  Beneficiary regional areas with better and cheaper quality of living.  In bkk surplus for rental, empty rooms everywhere and no real solution at hand for crisis.. 20-60%....pre conditions for tom yum goong round 2....

7 hours ago, blackcab said:

In a case like this the phone company would normally not proceed. They simply do not want the hassle.

 

Perhaps the co-owners need to change the Juristic Person.

Very much appreciated and that has been our plan for a while but guy slipperier than a Vietnamese eel.  A big thank you for your input and time. Andy

4 hours ago, blackcab said:

I have experience with mobile phone masts, contacts, etc. in Bangkok but with AIS. Basically a new contract is agreed every 3 years as a longer contract would involve registering the lease on the building's title deed.

 

My first question would be what are the building Committee doing about this? With over 50 per cent of the co-owners in agreement you are in a very powerful position should the matter cone to a vote at an EGM.

Many thanks for your reply. The building 's committee have noted it to to come out (as far back as 7 years ago agreed at seemingly a functioning meeting..ask for minutes of that meeting and get a blank stare from office staff).  The topic noted on multiple occasions at EGM's but guy has continued to operate as if his own building and proper procedures, voting simply been avoided. When I went overseas for holiday signed again.  We last met May of 2019.. this year deferred with Covid.. concern was again voiced by myself et al last year and the meetings have been a challenge to organize a vote or any structure as 5-7 people in total and this guy had control for 17 years since my first attendance.  I have previously called the guy a liar and walked out of meeting and many others given up due to demeanor of the guy. The voting process and the normal proceedings of any form of a general meetings and the functioning of a committee have simply been avoided and the guy essentially carries on with his own agenda.  I have now had enough after hearing a new contract signed in November.  The crane access and plans were stopped by myself and another Indian Thai lady in this last few days because a few other vocal unit holders also total disapproval. Now written up a letter saying fraudulently signed contract without approval/consent and I have got more than 50% of unit holders to sign.  I will leave this with the office Juristic office tomorrow. Any idea what AIS would do if they were aware that there was overall building consent lacking and that approval may not have been granted "legally" at any EGM?  Whilst understand not privy to discuss exactly AIS method of operation, have you encountered a similar situation with considerable building disapproval and any idea of the outcome?  Many thanks for all of your help.  Andy

9 minutes ago, Peterw42 said:

The ongoing lease possibly has to do with term and conditions in the original lease contract, an automatic renewal of the lease is probably mentioned in the original agreement. The juristic manager may well just be signing off on an automatic or tenants optional extension the the lease.

I imagine companies like True etc would ensure they have ongoing options for renewal when signing the original lease.. 

Greetings Peter.. many thanks for your reply.  I am positive going on information from Indian who can speak Thai that last previously building on the last renewal and the 5G one is a totally new contract.

I own the top 2 floors in a condominium building in Sukhumvit Soi 49 with Chanote title built in 1987 100m away from Samitivej Hospital.  We have had an existing contract with True for communication towers that has expired.  The majority of owners have sort the removal of the relay tower that has been on the roof for many years. The body corporate manager is belligerent, doesn't listen and carries on as if his own house and he owns all and in this instance signed a contract with True in November 2019 without any approval from a single party in the building.  In this instance he has acted without consulting anyone and signed a new contract with True for 5G.  No due process was followed in the annual general meeting, no vote has been called or made. I have the towers metres from my head and have had it.  True came with a crane and 20 odd workers for a 3 day installation job on Wednesday past and I managed to send them all home saying that the bulk of the parties in the building had not been consulted nor approved any such installation and it has been signed without due process and fraudulently by the manager and that they had no permission from me and most of the others in the building to enter our land.  I would imagine b/c manager is getting a kickback.  In the last days I have collected the names of more than half of the unit holders objecting to the planned installation and wanting the removal of the current equipment as contract expired with a cover letter to that effect and would have their votes if needed at a special meeting.  True cancelled the 3 day installation job after myself and multiple parties objected in our juristic office.  I have an open balcony and the top unit over which the crane must swing.  Personally, I will continue to maintain the same actions limiting their ability to gain access to our building.  Are there effective condominium laws under the Condomium act 2522 restricting the abuse of powers by the body corp manager if no due process at all was followed? and not a soul approved his fraudulent signing when dealing with the common area property of the building.  Further, it is effectively the roof of my condominium where the towers are currently attached.. have I any right of say on what is or is not installed there and can the contract with true be rescinded on the basis of his fraudulent actions?  I am quite happy to engage a specialist if need be but would like to know roughly where I and other owners stand.  Many thanks Andy

It tests much like Dengue https://www.thelancet.com/journals/laninf/article/PIIS1473-3099(20)30158-4/fulltext  

only seen 3 provinces published but those numbers look very high https://thethaiger.com/dengue-fever/dengue-fever-infections-rise-to-8147

For those saying temp (Singapore??) Not effected by temp even at 60 Celsius in latest study from this month https://www.thailandmedical.news/news/covid-19-research-study-shows-that-sars-cov-2-coronavirus-can-survive-exposure-to-high-temperatures

Media control https://www.khaosodenglish.com/politics/2020/04/21/thailand-falls-behind-myanmar-in-2020-press-freedom-index/

Just 30k tests noted here (Australia 420k at same time) and hospital group head thinks 40 times higher than official estimates https://www.bangkokpost.com/business/1900975/the-coming-storm

Whilst portion use a mask a large many do not,  for sure some on building sites. However many males don't even wash hands from a toilet trip and so many with limited concept for quarantine and impact on larger part of society.  One suspects numbers dramatically higher and a couple of clear clues for those who are drinking the government Koolaid.

Anything dependent on credit - here or in the west will fall or simply not be saleable.  All the banks have massive non performing loans and nobody is paying them back for the cars and condos they already loaned money on.  China has it's own set of financial problems and westerners retirement and travel plans have just been uprooted.  Do you really think all the orders are flowing in from the west now for China or Thailand? They can print money but you can't create demand and that is where we find ourselves now.  It is not exactly easy to open countries up again and employment levels globally will take many years to recover.  Expect some bargains.....

On 3/10/2020 at 8:42 AM, jacko45k said:

Yeah, Kuwait, a real leader in the world, and Qatar too! I doubt the world should follow the lead of these two little Emirates. 

What makes you think the situation in Thailand is not as reported? Are you in Thailand right now or watching the television? You are fear mongering. 

My guess if you do a little bit of digging and have a few powers up top.  Singapore has 3 times the number of Thailand and followed up last with free tests your 4 sleeping partners and your pet parrot with which passed away like Polly in the monty python skit many a year ago.  It closed its border to Chinese, fined those breaking quarantine rules et al and moved at lightning speed because it has intelligent people running the show.  Here is one big lie (not rocket science)... why are viral pneumonia infections going to the moon In Thailand I wonder??  <deleted> wake up.....Thailand cares about money only.. not public health.  The article below should show you Thai testing at its very best.....

https://www.thailandmedical.news/news/must-read-thailand-coronavirus-if-you-suspect-that-you-are-having-covid-19-symptoms,-go-to-a-government-hospital,-avoid-private-hospitals

On 3/8/2020 at 10:40 AM, Huckenfell said:

It is all to do with temperature, putting it simply, Thailand is too hot ( over 27 Cel ) for the virus to thrive

You must be a little cooked if you believe that.. why would Singapore have 3 times for cases then.... it's cooler??  Given it stopped Chinese tourists, followed up Mickey Mouse and Donald Duck's contacts including their last 4 known sleeping partners and openly has reported on all issues.  Whilst these countries are high risk the article is likely from Xinhua trying to take away from the sheer lunacy of the authorities in taking and continuing to take mainland Chinese.

On the mask front...ask the government minister and his mate who are trying to sell 2million to China in a private business deal whether he has any spare......what a joke....

Thailand only cares about money -  those who rule it - the wealthy families with business interests of hotels, supermarkets, transport services and their Chinese overlords care about their pockets only.  It is a country where lying is par for the course and mai pen rai is more commonly used than toilet paper.  Disease vectors from Thailand are showing up in other countries. It is one of the more leveraged countries (Australia perhaps beats it) to China.  Interesting times ahead....

15 hours ago, ThomasThBKK said:

900% you mean i guess?

 

For every 800k deposited they can loan out 8 mio THB.

you need only 10% of a loan to be actually backed with reserves.

Well said.. the 800k for 5/6 months tie up allows banks to hold an 8m baht loan for each and every one of those deposits.  Chinese made up a big portion of the condo buyers and with the decline in their purchasing power.. sales to them have simply collapsed.  I suspect foreigners have limited desire to buy in at current exchange rates and recent adjustments in LTV rates indicate some bigger issues afoot.  Car sales have collapsed globally so I cannot see a strong baht helping Thailand there and if a portion of tourists still coming adjust their purchasing budgets within Thailand.. the wall may come quicker than many think.  If Vietnam was smarter they will pitch at the long stay market.   We may find the so called reserves lent out a little like those in Korea years ago.

I got a multi non O issued in Jan 19 for a Thai child from Penang.. perhaps changed post this but suspect ok. 

Buy SGD at superrich down opposite big C in pratunam and you will get the best buy rates there that is of course if you have a bit to change.

Nothing is ever a one way bet. Easy money from Japan and the states has flowed in search of yield causing the baht to rise. Japan's weakening yen will give China, Korea and Thailand huge headaches. If Japan gets inflation the bond market blows up along with much greater declines in the yen. The possible ramifications - likely hot money flows in reverse out of Asia would be my guess. America whilst dead as a dodo will not be the first under the bus that is for sure. The timeline of events will be interesting but a substantial weakening of the EU or yen will likely bring some changes most do not expect at the moment.

Fairly certain the housing will hold up as Thai's don't care if the market falls. They still hold as many large complexes were built on laundered funds thus they have nothing to lose. There could be larger percentages of default of course by families but I don't think it will affect the 'system' greatly.

Just the same as it doesn't affect anywhere else that has a housing bubble I guess sarc (just leaves people paying off overpriced properties for years to come). Thailand got out of 1997 because the currency devalued and other countries poured their money in and they were in a vastly different stage of their life. Ask Bernake whether he saw a nationwide US real estate bubble in 2006 and he said he did not buy your premise. How well is that working for him now? Here in Thailand some may "own" the building/s and my guess would be many may not and there are considerably more speculators than you may believe. Rents are falling, fewer tenants, and many empty units (have a look at Millennium in soi 16 if you are in any doubt) with more stock in the pipeline. Oh yes and no lights on.. all is fine then. Asians have balls bigger than Ben Hur (ONLY when it comes to investing ) but the vision of a blind mullet on serepax when it comes to recognizing what is happening elsewhere - just ask Japan in 1989 which planet they were headed to? You really think Thailand is any different? I bet not. The ramp up of personal credit which has been offered to mickey mouse and donald duck in thailand with car loans to those earning 12k a month one suspects the "system" may be more greatly affected than you reason for personal credit items along with real estate. Money may flow into a place at speed but I bet it flows out faster (just ask the BRIC countries how swell everything is going at the moment despite the fact that china's numbers (along with most other countries just don't add up). Whilst the dollar is a total lackey at the moment i suspect if you think the baht is a one way bet then you will have a very rude awakening. Spending and stealing borrowed money for mega infastructure projects may look and sound great at first but if you can't even keep your beaches clean then i sort of think the wave that catches you will be the one you least expect.

A tragedy for the poor guy. This HOTEL along with many other hotels should be sued (but won't be TIT).. the balcony rails at FURAMA in Jomtien are scary... designed to assist you falling.

Shame on the government cronies for creating more debt slaves.... luckily the cards can be used at shops having ties to government ministers and friends all with a friendly 20+% markup. As for the poor Elephants... it seems like some monkeys are making decisions for them.......all told a thai circus.

The whole (western) world is mired in debt (and now asia loading up at speed on debt) and people's beliefs and values are based on what has always happened before. We determine good or bad value based on what we thought we paid or received before. Maybe this time will be a little different. The world is in a structural mess. Western consumers are tapped out and the "consumption" was all based on a 40 year plastic et al credit boom which has now ended or in the last stages of its life which allowed people to buy things they never had the money for today (and not tomorrow). Asia has exported many of these magical things we consume. Maybe 10-35% (perhaps a lot more) of the cake will be gone (likely forever). Not sure of the Christmas tree consumption but we won't be using as many going forward that is for sure. Throw in massive demographic changes and structural changes that have resulted from globalization and the challenges ahead will be many. Someone that used to earn commission selling a TV set or stereo now works (if lucky) packing it for despatch on $7-10 an hour if in the states. Whilst Thailand produces.. this time around one suspects that credit inspired binges here encouraging people to take on debt for the purchase of cars/houses and condominiums will once again end badly. Considerably worse than government projections (look at Brazil.. estimated 26% default rate on credit cards.. a little scary if true). The world does not stop and yes many thousands and millions want what many have had but few of these have the capacity (and one would argue stupidity). However, perhaps a reality check is required. Can tourist numbers possibly be the same? Can expenditure be the same? Can exports remain the same and continue growing? All perhaps are based on this broken model and as economists are discovering world over (Australian economists just discovered a 28k plus job loss whilst those same people expected flat employment figures) that things will be different. Don't believe the authorities lies... educate yourself on what is happening and why? Few predicted what happened in 2007/8 and if they did not then take their word with a pinch of salt. Governments and the power brokers will manipulate things in their favour at the expense of the you and me of this world. Whilst the USD serves as the world's reserve currency - it's obligations and liabilities are likely to sink it and a few others like a stone. Whilst things will be volatile and perhaps the dollar is likely to surge one more time we are looking a the end game of a fiat monetary system where people believe bits of paper can be traded for goods. Thailand thinks it will have 15% growth.. only a deluded blind mullet could believe that. Enough overpriced apartments in Thailand for the next 15-20 years and likely enough shopping centre space for each and every thai to open a shop and are you sure the tourists/spinners will keep coming in the same volume to get ripped off. Work out what people really need and these are the sectors where money will be made.. many others may not be there in the years to come. One suspects that 15% growth will be a dream and likewise the party days in the EU, Australia and the states are well and truly over. A long rant beer assisted of course....

Nothing to worry about..... move along remember thailand is a hub for "everything" and that HUB is now the buying hub for just about every product thailand produces (prawns, rice, onion, rubber, pineapples, tapioca et al).. little wonder Thailand has food inflation. You don't think some of the other products that Thailand ships to China are used in finished products shipped onto other markets and that these might slow. I am really surprised his nose is not growing!!!!

^^

Tj is spot on with those numbers on loan. If the watch is in excellent condition, and you’re a really good salesman, you might get 80k on sale.

you will not get 100,000 for it..... It is maybe worth 75-95k; on a pawn you will be lucky to get about 50k, on a sale maybe 70k, and that's if your lucky.

Guy's,with all due respect the watch is worth a minimum of 5000 GBP. I had a valuation for insurance purposes in Hatton Garden last year. Cost of new replacement 14750 GBPounds, value secondhand 6000 GBPounds. You obviously dont know the watch,if you google it all will become clear. If you can get one for the prices you have quoted,let me know and i'll remortgage the house and have 50 of 'em. There is knowhere on the planet where you can get this model for that price !

You are correct. The value is about 5000 GBP. But when pawned, they will give you about 25% the value of the item. A used watch will get about 40% the actual retail value, if in excellent condition.

Sorry, but that’s the way it works. I have bought and sold many time pieces.

　(ni

C'mon guys.. cut the guy some slack.. clearly most do not know what they are talking about, nor have the money to buy to one nor have they seen one. It is a solid gold Rolex daydate (the gold alone is well over what the guy is asking to borrow and he is not trying to sell it to you). The gold bracelet alone is almost 70 grams@1170 baht scrap price so i suspect his needs of 100k on loan is more than fair and far under any gold weight value of the piece. GM56 is merely asking whether anybody any suggestions for someone who is not going to take advantage of him. GM56 If you have no luck then please let me know and can organize your 100k baht without a problem. Andy

Its not "solid" its 75%... 18k is .750.... fyi