bingobongo

well at least the bagholders will have a great view of the civil unrest from their balconies

so many dreams destroyed, so many deposits never to be returned, so many delusions remedied.............

Buathong to freeze new projects

''The real estate market has slowed down over the past three years and it will continue in the future. The situation is getting worse now so we need to freeze new project developments to avoid risks,'' he said

One of the projects is a 77-unit condominium, launched two years ago but with only 20 units sold.

http://www.bangkokpost.com/281108_Business...v2008_biz37.php

maybe they should offer your choice of free hand clapper and/or red or yellow shirt? what do you think?

is this battle the same as the other "final battle"?

HOUSING PRICE WAR

Buyers' market as developers battle

The developers, who are keen to boost their sales before the end of the year, have effectively reduced their resฌidential prices by 5 to 10 per cent. Some have launched aggressive marketing campaigns in a bid to clear inventories in existing residential projects.

He said the company could not simply cut the price of its oldermodel detached houses because customers who had bought the same houses at the old price would feel bad about it.

http://www.nationmultimedia.com/2008/11/27...ss_30089488.php

its official, Thailand has gained itself a reputation, and not a positive one.......

Thailand's Political Crisis Becomes a Global One

Even when Thailand re-opens its doors, the world may not be interested in returning too soon.

http://www.time.com/time/world/article/0,8...6,00.html?imw=Y

so many dreams destroyed, so much money to be lost, and yet they will keep building.........oh well

Real estate loses billions

The Suvarnabhumi Airport shutdown has scared away potential foreign investors and buyers in the property market, causing billions of baht worth of damage, according to Patima Jeerapaet, managing director of the property consultant Colliers International Thailand.

"It is worse than the Phuket International Airport blockade (in September). The overall situation is very bad. We just got cancellations from potential customers from Eastern Europe who had planned to fly to Bangkok," he said yesterday.

"If the situation does not improve, pending property deals worth around one billion baht in the final stages will definitely vanish. Investors who are waiting and seeing or freezing their investment will absolutely cancel."

He added that foreigners generally came to buy property during the high season but the airport closure would slow transactions.

Meanwhile, the country's hotels and serviced apartments face a major occupancy decline that could get worse.

Some hotels in Bangkok have an occupancy rate of only 20-30% despite the fact that this is the high season.

http://www.bangkokpost.com/271108_Business...v2008_biz26.php

well what do you think about this condo sales pitch?

1) the airport is now closed

2) the baht is about to go over a cliff (so Dan the dreg may get 10% inflation appreciation but don't forget the 10%+ baht depreciation thats coming)

3) either a civil war or coup is coming and

4) about 1 million thais are going to lose their jobs within the next year

do you think any of these will be mentioned in the shiny glossy real estate brochures? genius, pure genius

UNEMPLOYMENT

1.1 mn to lose jobs: FTI

By The Nation Mon, November 24, 2008 : Last updated 22:35 hours

Federation of Thai Industries (FTI)'s provincial units nationwide expect industrial plants to cut 1.1 million jobs in the first half of next year.

FTI's deputy secretarygeneral Sommat Khunset said that the figures are accumulated through the FTI units across the country. Workers in the electrical and electronic, automotive, and ceramic industries are at highest risks to lose their jobs.

"If this figure comes true, the number of unemployed workers would account for 12.4 per cent of total 9 million workforce in the industrial sector," he said.

LaoPo

and those 1.1 million are not just going to sit at home as the economy worsens, sides will be chosen, mobs will form exponentially, frustration will rage and there will either be a civil war or a coup, either way, dark days are coming to LOS

it is a fantastic place to be if your goal is to ever become a civil war correspondent

so much for it reopening quickly, explosions at both old and new

Blast rocks Bangkok airport

There has been an explosion at Bangkok's international airport during an occupation by thousands of anti-government protesters.

There are also reports of a grenade attack wounding two protesters among a group picketing Bangkok's old airport, where the prime minister has set up temporary offices.

http://www.radioaustralia.net.au/news/stor....htm?tab=latest

what is a sexpat to do, bangers and mash or asian harlots? nevermind the inability to land in LOS....luckily i am not a brit

Britain's going bankrupt - keep selling sterling

http://www.moneyweek.com/news-and-charts/e...ling-14124.aspx

this guy must have had too much yabba

what do you do when you already have oversupply, a credit crunch, and a nonfunctioning gvt?........why build more of course, genius, pure genius

Asian Property goes lowrise

Developer stresses caution as it opts for smaller, faster housing projects next year

http://www.nationmultimedia.com/2008/11/25...ss_30089280.php

thats ok, LOS can always sell rainbows, unicorns, and lollipops to the remaining dreamers

is this really a surprise given i have been mentioning this for over a year now? enjoy..................

Thai Economic Growth Slows Amid Waning Exports, Violent Rallies

The SET Index of stocks is on course for its worst year since the 1997 financial crisis. Consumer confidence is at the lowest level in a year and the baht is close to its weakest level against the dollar in 20 months as exports and tourist arrivals slow and foreign investors sell the nation's assets.

http://www.bloomberg.com/apps/news?pid=206...&refer=home

Anti-government protesters begin self proclaimed "last battle" at Parliament

BANGKOK: -- Thailand's anti-government People's Alliance for Democracy (PAD) protest moved from its 'headquarters' at Government House to Parliament early Monday in what it is calling its "final battle" to pressure the government to resign.

The protest movement's earlier assault on Parliament, on October 7, was intended as a peaceful blockade to stop Parliament from convening, but ended in violence when police fired tear gas, sparking street clashes that left two people dead and nearly 500 injured.

Monday morning in Bangkok sees thousands of PAD supporters who earlier seized and have been encamped in the Government House compound since late August moving to Parliament. The streams of yellow-shirted protesters started flowing through the streets at about 6.45am and later surrounded the Parliament compound to prevent the scheduled joint session of representatives and senators from convening.

The Peoples' Alliance oppose amendments to the 2007 Constitution and believe Parliament will discuss the altering the national charter on Monday but the speakers of both the Senate and the House of Representatives have said it is not on the agenda.

Sonthi Limthongkul, a top PAD core leader, said that once the protesters arrive outside Parliament, they would disperse into smaller groups and move to major government agencies including the temporary government house at Don Mueang, the Finance Ministry, the Stock Exchange of Thailand, the National Police Bureau, the Metropolitan Police Headquarters and residences of some key government figures.

Scores of police and security forces are stationed at Parliament to prevent the PAD from entering he compound.

Prime Minister Somchai Wongsawat is in Peru from November 20-26 to attend the Asia Pacific Economic Cooperation (APEC) summit in Lima, the capital.

Early Monday two small explosions occurred near Bang Lamphu intersection -- at a police checkpoint and in bushes some 200 metres from the checkpoint.

The first blast damaged windows at the checkpoint but no one was injured, while the second was 15-20 minutes later. Both explosions were believed to be homemade bombs put in place early and detonated by remote control.

It was reported that the offices of ASTV, headed by PAD co-founder Sondhi, was also the target of a small bomb, but there was no confirmation.

Several PAD members have been killed in bombing attacks since early October.

The PAD coalition, a self-proclaimed 'democracy' movement began protesting against the then Thaksin government in 2006. The United Front of Democracy against Dictatorship (UDD), opposed to the PAD, also claims to represent 'democracy'.

-- TNA 2008-11-24

to quote marlon brando in apocolypse now glyph......the horror, the horror

when they to "its knees" are they talking about the bargirls or the condo market?

Condo market set for slowdown

"The aftermath of this crisis will take longer than 24 months," said Samma Kitsin, director-general of Real Estate Information Centre (REIC).

Developers may face the double challenge of unsold units remaining and untransferrable units returning. At the same time, they may have to face new competition from completed resale units being offered by speculators.

http://www.bangkokpost.com/241108_Business/24Nov2008_biz78.php

now now glyph, do not hate the player, hate the game

anyway, i understand your financial astuteness is lacking so i am going to teach something called a "capital trap", so please write this down and paste to the wall of your crumbling domicile (or soon to be crumbling)....are you ready?

CAPITAL TRAP: When an asset starts depreciating rapidly (due to oversupply, poor construction, credit crunch, bombings in the streets, etc), the smart investment decision is to sell it quickly and preserve whatever capital you still have--unless it's illiquid, in which case your capital is trapped.

here is how to apply in a sentence glyph: As in the "current condo/real estate market (insert city here) is a capital trap"

Bingobongo - your sparing partner has been banned under his former "backflip" handle. A champion of "ignore" lists.

And your personal stalker, you should have reported him.

I don't know why the Mods are letting him trade again under a new handle. Is it that someone is banned just for 1 handle and can come again under a new one?

For me, keep on pushing the news from the dark side. (I bought and I knew and expect the place to be unsellable, not that I would ever attempt to sell it, let alone any proifit).

thanks for the notice TTM, i thought his frustration/denial sounded familiar, i can only hope that my Christmas wish of backflip (or whatever he calls himself these days) disappearing comes true

it is really quite simple, some men get castrated in the relationship and others do not, others have a spine and others do not, hope this helps

well kids, the death cross has been confirmed on BOTH the DOW and SET see you at the bottom....................

well, i tried to warn you, the death cross was signaling the pain to come, and it isn't over yet

DOW,-403.02 -5.04% 7,594.26

so much for China being the engine of growth and 'decoupling' from the crisis in the west....and yes, great pain is coming to LOS

China warns jobs outlook 'grim' as economy slows

Officials from the national police chief to local leaders have warned job losses could spark protests threatening social stability and one-party communist rule.

http://www.google.com/hostednews/ap/articl...K7NvswD94IKSS80

sure many bagholders will lose their deposits, but at least somchai the builder will still be able to get that new S class Benz

RESIDENTIAL MARKET

Most firms suspend new projects

Falling buying power, lack of confidence bite into sales

http://www.nationmultimedia.com/2008/11/20...ss_30088861.php

well kids, the death cross has been confirmed on BOTH the DOW and SET see you at the bottom....................

pain is coming to Siam, and this will effect the entire supply change from the plastics providers, tire makers, audio component providers, even the cute thai girls that prance about during car shows...............and do you really think they will restart as the economy worsens?

Merry Christmas

GM To Halt Thai Operation Mid-Dec To Jan- Spokesman

http://money.cnn.com/news/newsfeeds/articl...40_FORTUNE5.htm

it has to do with delusions and denial, some (not all) farangs go to LOS running away from something form the west/past and when the reality of LOS presented before them is unacceptable, thus their vehement defense at all costs irrespective of rational thought occurs

so i think items #1, #2,#5, and #8 could apply to the OPs question

Indicators of a delusion

(Munro, 1999)

1. The patient expresses an idea or belief with unusual persistence or force.
   
2. That idea appears to exert an undue influence on his or her life, and the way of life is often altered to an inexplicable extent.
   
3. Despite his/her profound conviction, there is often a quality of secretiveness or suspicion when the patient is questioned about it.
   
4. The individual tends to be humorless and oversensitive, especially about the belief.
   
5. There is a quality of centrality: no matter how unlikely it is that these strange things are happening to him, the patient accepts them relatively unquestioningly.
   
6. An attempt to contradict the belief is likely to arouse an inappropriately strong emotional reaction, often with irritability and hostility.
   
7. The belief is, at the least, unlikely.
   
8. The patient is emotionally over-invested in the idea and it overwhelms other elements of his psyche.
   

the second more painful wave is coming............are you ready? and yes, LOS will feel immense pain as well despite the rainbows and unicorns