kingstonkid

No country can survive strictly on tourism at this stage. For too many years the cash cow was so good that they let a lot of other businesses leave or did not care to attract them. They were happy with the military that were coming her on leave. Then the single guys that wanted to party and the older guys that wanted to come here party find a young thing to make them feel young and hansome. They wanted the good life that they could not afford in their country. Previously we all discussed how much trouble Walking Street was having due to lack of "Quality"*** tourists. Thailand pushed to attract the Chinese and Indian tourists who travel in packs for the most part. Chinese wives know their husbands so do not let them out of sight. Indian men go to bar drink a drink. Walking street and Patpong both fell into the rut of offering the same thing every night. Girls that stand on stage and sway to music in a non sexual way then can not figure out why cheap charlie not buy her a drink. Bars use the same ploy of no limit not minimum just come in watch show then demand a min of 3k baht and think that others will not hear about it. There is a limit to what people want and will do. Maybe it is time for Thai tourism to look at the other tourists. The ones that have the money and have the power. The ones be they Thai Asian or North American that do control where and how much money is spent. KIDS. Family vacations were on the rise and still are in a lot of countries. That is where money can be made. Both the Old and new can and do exist in the same cities or locations. *** QUALITY TOURIST. DEFINITION FOR WALKING STREET IS farang with money not necessarily hansome or rich but rich enough to pay for bargirl drinks and the buy out to take her home. Give her lots of things and then leave her or she left him. For those that may not be awake enough to read LOL

While I think the average person will be ok I do see a bubble forming depending on how the banks handle mortgages that are rental properties. I think that you may see a lot of these on the market as owners are not getting rental income so eventually the account is going to run dry.