Just how serious is the flooding situation in Bangkok long-term as well as the sinking issue?
I've been looking at condos around Phrom Pong to buy with a budget of eight million baht. That amount doesn't go far, and for anything of decent size of up to 100 square metres you're pretty limited to the older buildings, where the price is around 80,000 - 90,000 Baht / square metre.
Having lived and worked in Bangkok for a few years I'd like to buy and have the funds to do so. But the flooding issue keeps coming up again and again. Tim Newton mentions it repeatedly (video below) and I just can't see the government tackling the issues.
The other issue is travel and air pollution - traffic is rising again with cars, buses, trucks and motorcycles back on the road again. Driving around Bangkok can be horrible which leaves MRT / BTS (longer but Ok) or dicing with death on a motorcycle, with exhaust fumes filling your lungs while waiting at traffic lights.
At age 37, unmarried, with no kids, and a first time buyer, I'm unsure about investing such a large amount into a property which is almost guaranteed not to rise in value and will possibly fall in price if the above factors worsen.