Capitalist

Thanks. I just called them. They said they only have nightly rates, no monthly.

Hey all, I’m looking for a hotel Or condo with a good monthly rate. I’ve walked into several hotels and many of them have a monthly rate, but my dumb*ss didn’t take note or list it anywhere. Anyways. Do you know a place for me to stay for one month? Budget 10 to 20K. The cheaper the better. Doesn’t need to be fancy as it’s just to bridge a short time period.

Damn this link is pretty interesting, thanks. Any experience with it, or with foreclused properties in general? Happy to hear your thoughts.

Yep, I’ve been doing that and it lead to many interesting room viewings. But my question was more specific about whether there are platforms to browse foreclosed properties.

I would like to browse cheap Bangkok properties in foreclosure. Is there a website to check them out? Alternatively, is there an office or place I could go to for more information? Thanks.

Thai really like their things new. This is true for clothing, iPhones and also for condos. I’ve asked many local Thai friends over the year “Hey, what app or website can I use to buy second hand goods? Is there like a Thai eBay?” They answered - “I never buy second hand” - “We don’t have a website. Thai’s buy new.” “ “Second hand is bad and unreliable.” One Thai even told me that she was afraid to buy a second hand iPhone because it could contain a ghost of the previous owner ????. Now to the good part: how can we utilize this to our benefit? A very experienced Thai real estate broker told me that it’s best to buy condos that are 20 years old. Because new condos can decline in price radidly, as they’re no longer “new” a few years after. Older condos have already declined and are now priced much closer to their long term steady value.

Agree with the last sentence. When buying a condo in Bangkok for “invesment”, you need to expect pain and losses. But as I mentioned before, I don’t want it as an investment. I want to have a second home, a vacation home, not pay rent, and redecorate it completely to my own taste without having to ask the owner. I want a place for the next 10yrs. I’d be happy if I could sell it at the same price 10yrs from now.

How do you recognize a building for being a serviced apartment?

Interesting question. How much are these “significant discounts” usually? I was thinking of buying as I want to do some very light renovation and make it to my own style, but if I could get a 2 or 3 yr lease for very cheap, that might be a good alternative.

Again very much appreciated. I’ve send you a direct message with another question.

Just out of curioisity. How long did your condo take to sell? From listing to finalization. And where was it? Any more info appreciated, as I’m currently thinking of buying one, and considering the long term scenarios.

Thanks for chipping in. Since you have actual experience with this, could you kindly share more information? Did you rent them out on Airbnb or elsewhere? And what “misery” did you run into? I assume most of your tenants only stayed for a week or two, and not the legal 30-day minimum? Thanks.

Thanks for chipping in. Finally a reply from an insider with experience. When you say you’re not at “$95 a night for both units”. Is that $95/night for each of them , or for both of them combined? I too looked almost exclusively at 2-bedroom condos as they are much, much more rare and in demand. I’ve lived in both Thong Lo and Ekkamai. A great area. I think land prices will continue to go up as economic activity increases in these hot spots over time.

Those are strong words. Why exactly do you think the Thai property market is “heading for a 2008 US type disaster”?

I am considering buying a condo in Bangkok, or perhaps even two. But I might be there only a few months per year. Perhaps I could rent it out on the remaining months on Airbnb with the help of a local property manager. Does anyone have experience in this? Feel free to share any thoughts, tips, potential issues, etc. My primary motivation for buying a condo is not the rental income. I just want to have my own place with my own taste in interior. But knowing it won’t be a dead asset 6 months per year could help me pull the trigger.