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madmen

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Posts posted by madmen

  1. 1 minute ago, CNXexpat said:

    So you prefer to live in a 2nd world country instead of a 1st world country right now because the west is finished in the future. Smart.

    For those of us that were smart enough to burn bridges and invest in Thailand especially since the subprime crises are laughing our tits off. How good is your currency going?

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  2. 4 minutes ago, Mai Mee Tang said:
    39 minutes ago, Chicksaw said:
    Thai economy = 16.316 trillion baht
    (= 2018 GDP from Wikipedia)
    58,375,200,000 / 16,316,000,000,000 = 0.00358
    which works out to expats collectively being worth about 3/1000 of 1% of the Thai economy.
     
    Of course, Felt 35 is counting only Imm deposit money. We contribute in other ways too. Still even multiplying by 10 we're 3/100th of 1%.

    Assuming all retired expats had the 800.000B in a Thai bank account this would mean a 0.358% of Thai GDP for 2018.

    I think you can assume less than half of that and the reason for all the expat aggro against thais over the last 6 months..They just dont have it.

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  3. Anywhere close to terminal 21 for its fantastic food court if your not cooking, Also between Asok and Nana you have everything you will ever need and BTS not necessary unless you want to play tourist

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  4. 7 minutes ago, geoffbezoz said:

    Can you provide us with a link that is current for many other countries ? Let's see there are 206 sovereign states in the world currently so as an example "many others"  would be what 50 ? So provide a current link to 50 countries where this exact crime has been committed say within the last 12 months in order to prove your point.  Or was it just a "maybe" on your part in an attempt to defract from the mindless violence and and thuggery behaviour endemic within Thai vocational schools ?

    Are you ok?

  5. On 7/24/2019 at 11:57 AM, bkk6060 said:

    I was told the bottom floor shops will remain.

    The rest they are building a hotel.

    Not a bad idea there is already a nice pool on the roof and the fairly new gym, so some amenities are set.

    I think the location will do well.

    With the most aggressive stall holders selling fake everything ! I hated taking that short cut 

  6. 3 minutes ago, sunnyboy2018 said:

    Money invested in property in the west is not 'tied up'. It more fluid than money tied up in the Thai property market. Even as property ages it remain its value in the UK and goes up in value and the renting market is busy. The idiot who burnt their bridges  invested in Thailand and now cant rent out or sell are the unwise investors. 

    haha i can sell for what i paid and kill it on exchange rates. plus I have a great portfolio on the set with the baht screaming forward to new heights..the chinese and japs sweeping up everything in sight and Your income is equivalent to death by a thousand lashes and dropping fast with no end in sight..buy a calculator for god's sakes or use an online one!

     

    Half the property sector in the whole world got smashed in the sub prime crisis and Thailand untouched so please keep your fantasy stories for those that are clueless

  7. 14 hours ago, KittenKong said:

    That may be OK to Bangkok but the leg to Pattaya wont have improved much, I think. And Pattaya station is still located in the back of beyond with no regular public transport.

     

    I would take the bus all the way, or take the train to Bangkok and then take the bus for the last leg.

     

    terrible advice...never ever get a night bus unless you sit behind the driver poking him with a sharp stick every 5 minutes

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  8. 23 minutes ago, Airalee said:

    Ok.  Let me break out the calculator for the first example.  I’m not even going to need to go into details as it’s so obvious.

     

    Purchased in 2004 for @฿1,000,000

     

    Rented at ฿10k  ฿6,500 homedebtors payment + extra ฿3,500 applied to mortgage.  That’s good.  It’s always good to pay off debt faster....but...where are the monthly commons fees (homeowners dues, whatever) accounted for?  Income tax on rent?  Agency fees? (unless the owner rented it out themselves)  

     

    Were there any special assessments for maintenance or capital improvements during that time? 

     

    15 years later, the condo...mortgage free...provides her with only ฿7,000 per month income.  To me, that sounds like rents have fallen over the last 15 years.

     

    How much would the condo sell for now?

     

     

    I have no mortgage and no tax. Sub 5 million lower Sukhumvit 80sqm  and rent it out on Airbnb 4 months a year at high season 45k per month or in the past rent it 35k per month full time and thats mighty mighty baht money I use when in OZ and travel through Europe

     

    Now compare that to some dummy with safe money in the west !! that's rhetorical

     

    next question?

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