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Everything posted by Capitalist
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Thanks. I just called them. They said they only have nightly rates, no monthly.
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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.
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Condo prices in Bangkok
Capitalist replied to Schnicnac's topic in Real Estate, Housing, House and Land Ownership
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.
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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.
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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.