chrisandsu

25 minutes ago, Boarn said:

Hmm not sure I agree here, it's not so much as not being able to afford it, we have a 125 square plot for our main house, as a housing lot this is acceptable but not really ideal, I would prefer a lot big enough to not be disturbed by neighbors, yes I can't afford this, it would be tens of millions!

 

Peasants don't buy land though, they inherit it usually, they are not buying it up, they sitting on it.

 

How could anyone get in to farming in Thailand, when a lot of the size you'd need to make a decent living would costs millions of dollars?

The reason the plots have got smaller is exactly that . Let’s say grandpa had 100 rai and had 5 kids when he dies divide that 100 rai by 5 and then with every generation it keeps getting split . Maybe Thailand should be like Scotland where something like 95% of the land is owned by 20 people and the other 5% get to squabble over a council flat in possill  park ?

2 hours ago, Boarn said:

Not necessarily, I believe if every man and his feral dog owns a bit of land, 1 rai here, 0.25 rai there this artificially inflates the 'value' of the land. Farm land here is more expensive that farm land in the UK. Average 12k an acre in the UK, a lot less up in Scotland (OK more close to London etc), with 2.5 rai to an acre and people asking 400,000 a rai for land in my area with no real paper something is wrong somewhere.

 

If land was held in a lot larger plots by fewer people I honestly think this would be better for land values.

Land holds and increases in value simply because there is no property tax . It’s an asset that costs you nothing for it to just sit there. Land is massively over valued here but where else do the wealthy put their money ? anything worth buying is already in the hands of the wealthy already . There is hardly a queue around the street trying to buy rice paddy . 

7 minutes ago, Yellowtail said:

 

If this where I say yes I would again? 

 

I said if I liked it and if the price was right. 

 

 

This is what sets us apart then . I don’t even know where I want to be in 2 years but you can see 6-7 years into the future . As the OP said he wants market value on the rent ,only a goon would pay 7 years up front at market value .  I guess mobility gets harder as you age so you might want to stay put . 

3 minutes ago, Yellowtail said:

I would sign a long term lease on a house if I liked it and the price was right, why not? 

6-7 years on an island all paid up ? No you wouldn’t . You rent for freedom not to be nailed down . 

4 minutes ago, Yellowtail said:

No shortage of rich farmers and poor people in uniform.

In Thailand ? 

10 hours ago, Boarn said:

I've seen land for sale as well, not priced correctly though otherwise would have bought some. It really is something I can't get my head around land prices in Thailand. I know one plot of 1.1 rai the owner wants to sell for 6 million or rent for 2k a month out in the countryside, it is on a big road but still he's happy to make less than half a percent by renting (which no one is actually renting). Land should be 500k tops.

 

I have always been someone dead against any form of tax on property, but I would like to see property tax be more of a thing in Thailand, if only just to reduce the prices of land and get land out of the hands of people who have no business owning land ie peasants. 

So you would put all the land into the hands of the already wealthy ? What a ridiculous statement . 

I highly doubt anyone would sign a long term lease for a house . A year or two is normal but 6-7 years is unheard of. You might not want to hear this but at present market rates you might at best get 2.5million for a quick sell . Rental yields mean nothing while there is no tourists there . 

14 hours ago, Aussieroaming said:

A new, medium quality condo in Bangkok will likely cost you 150-200 thousand baht per square meter, more than 200 thousand for a new extra luxury quality condo. I paid 180 000 baht per Sq Meter (discounted from full list price) for my condo in 2018 and that was a nicely finished but not top end quality building and apartment. The square meter price range took into account a high floor, double corner condo (views to North, South and East), 3 bedroom/ 2 bathroom condo and distance to the BTS and shopping infrastructure. You could use this as an estimate how many square meters that a $100, 000 budget would buy you at that price per Square meter range if you wanted a new build in a similar locale.

 

Don't assume that the Bangkok condo value will increase year on year either, I expect that my condo value has potentially dropped by as much as 40% or so during the last 3 years due to supply and demand in this area and Covid. Whereas many countries have seen a major uptick in real estate value during Covid the same cannot be said about the Thai Real Estate market, regardless of what real estate agencies might say.

 

If I had to buy into a real estate growth market it would definitely be Singapore over Thailand. I cannot see Bangkok ever being a great place for long term real estate property value growth unless you owned a plot of land, which does appreciate. Condos are a dime a dozen. Just my opinion though and I could be wrong.

 

 

No you are very right . Condos and houses hardly ever go up in price . There is always new competition just around the corner being built as we speak . Land tends to appreciate nicely , you just can’t own it ????

4 hours ago, scubascuba3 said:

what the ad said "it hardly makes money in the busiest time"? think you need to read the ad again. How did you work that out?

Your hard work . The add  clearly said and you agreed , the add said it’s still the busiest restaurant in Pattaya but is only paying its bills and keeping up with maintenance . That is saying there is NO profit or the add would say it’s PROFITABLE. 

17 hours ago, scubascuba3 said:

Is the busiest place still. So you're guessing, no idea of costs, margins, you're just plain negative

 

Is reading an issue for you ? It said it in the add . 

7 hours ago, scubascuba3 said:

how do you know it hardly makes money in the busiest times? you seen the accounts?

Read the add . Supposedly it’s still the busiest place in Pattaya and just paying the running costs . What do you think the profit margins are on each plate they sell ? At those prices you need to sell thousands a day . It’s a lot of work for very little return . 

16 hours ago, scubascuba3 said:

If you remember pre covid a lot of places couldn't compete, the Retox places were in a tail spin before covid partly because of room rental changing to monthly. HH was the busiest place in town, you had to go upstairs to get a seat, the problem will be the buyer will screw it up

Even in its busiest times it hardly makes money . Low prices mean you need a massive turnover of customers . Restaurants have very low profit margins even at the best of times . 

On 8/19/2021 at 5:26 PM, EVENKEEL said:

Check out DDproperty for the heck of it. Prices are obscene.

Yeah what they advertise for and what they sell for are two different things . It’s crazy how expensive land is there . 

3 hours ago, Leaver said:

 

Alcohol does tend to help the big ones, though.  ????  

Dinner bill mounts up 

I think ban chang has a lot to be optimistic about . I have always liked the area , I presume land prices are shooting through the roof right now ?  

4 minutes ago, steve187 said:

its well underway, 2 storey high, but i think it has been closed at the moment due to infected, smuggled in workers

I haven’t been back for 2 years for obvious reasons where exactly is it ? Is it just off the sukhmvit ? 

Have they started building yet ? 

8 hours ago, BritManToo said:

Nobody forces you to bed the big ones.

Filipinos are the smallest women I've ever had, I had to impose a lower weight limit on ladies of 38Kg when I was there. Didn't notice any odd accent, they all appeared to talk normal English to me.

That’s the great thing about this world ! I struggle to find Filipinos to be attractive , there are of course the rare occasion where they can be stunning but on average they are not . Im also not into issarn women and the same can be said about them . But that would leave more for you guys who do find them attractive ???? they are far too Americanised for my liking I prefer the Asian culture . 

I’m not an expert on this but I highly doubt it would make any difference . Maybe print out your bank rules/regulations and take it with you . 

3 hours ago, BigStar said:

Oh. I get it: you may only know illiterate forum English pidgin. One of my fave is "boarders" for "borders." Gives new meaning to "closed boarders." ????

Could mean no room at the inn . 

1 hour ago, BigStar said:

I just hate hearing people trying to talk like pigeons. They never do it well.

You butterfly man . Not same same pigeon . 

4 hours ago, HashBrownHarry said:

Perhaps the most annoying accent in all of SEA.

 

Also, their food is mingin.

Agree with you . Listening to a Filipino speak is like listening to a bar girls pigeon English . It’s so annoying ! Also the food is terrible and they have a big obesity problem. To me it’s the armpit of se Asia.

On 8/12/2021 at 6:15 AM, JayBird said:

Hello all, and thank you for the feedback.

 

To summarize a bit of the input so far:

 

1) No, it's not rice land.  It may have been used for normal 'farming' at some point.  I suppose that means it's perfectly fine to build a house on?

 

2) There are no neighbours that one can see.  Maybe a good 5+ minute drive to the nearest.  So not sure asking them would be meaningful, as the terrain will be different.

 

3) Sounds like electricity could be an issue.  How can I tell what kind of electricity I have nearby and if I need to upgrade it? (Is there something written on the pole?)

 

4) I'm planning to get a lawyer to handle the usufruct & lease, should not have an issues.

 

 

1- the reason the OP asked if it was a rice paddy is because they are normally lower then the road side which will mean you will have to build it up to stop it from flooding . 
2. take a Thai you trust who’s local to the area to ask about the history of the area - no offense but if your missis is an uneducated farm girl she won’t be much use . 
3. it’s quite a sandy terrain around that area flooding does happen and quite severe . 
4. don’t ever marry your gf as then the userfuct means nothing as there is no legal contracts between man and wife . And remember if you finish you can’t sell without her permission . If it’s your money get it in a business name if it’s shared money by all means put it in hers . 
5. I have found and is often the case Thais tend to get rid of land when it’s not very productive for farming anymore bargain hard and don’t pay what they are asking as it’s often overpriced .