LennyW

i wouldn't invest another dollar in thailand and i wouldn't even if they did it ..would last as long as the pm and their constitution does in thailand..i said before 33-34 to 1 usd..need to go to 45baht to 1usd..not even worth visiting let alone living there..and as far as real estate in a 3rd world country goes..oooovvvveeeerrrrr priced..i can buy a house on ebay for less then 10,000 usd here in the usa ( just read today a lady bought a house on ebay for 1.75 ) look through any real estate website you can find great deals now and wait till the prices go down even more over the next 6 months..if people are crazy enough to pay these high prices in thailand..good for them..i have bought and sold real estate here in the usa and almost doubled each time..will stay here and do it again..and i have noticed that the classified list for real estate on this website just keeps going up..and just going to keep getting bigger..you want to sell your property in thailand or thailand is worried about people buying..do what banks are doing here..cut the prices by 50%-65% and maybe more for a 3rd world country..and now if this bill passes tomorrow in the usa..fed will buy more of these mortages banks still hold and said to sell them at 80% discount will take 3-6 months to start selling them i heard..abut time they buy.. title clears.. sell them in bundles and all that..i'll buy a few and rent them out..fix them up if i have to like i did my other properties..but again i would not trust anything coming out of the thai government..changed too many times for me to invest..again.

Rather negative comments about Thailand considering your user name... Thailand_Tom

Would be very welcome if it actually happened, would like to know exactly where/who this story came from ?

I was told that construction has now started, about a week ago .....

Is there any evidence on the ground of that ? I am not in Jomtien right now, and would much appreciate an updated picture evidencing the construction work ....

By your posts, the question must be asked, have you actually ever been???

Get a more experienced attorney that will carry out your instructions as requested!!

Please dont tell me you are still assuming that the USA is the worlds biggest economy??

I just googled "world's biggest economy" and if you compare the US economy with any other singel nation, then yes the US is still the world's biggest economy. But you could argue, which I am assuming you are, that the European Union has the world's biggest economy. Is this your point?

I just feel the US has the biggest debt - and about to get worse!

The market is moving more upscale everyday, as the trash like to two above get pushed out. This is a very important point I made above and I think you missed it, in fact I am sure it just flew over your head. The vast majority of people buying condos here, are already RICH or RETIRED, they have already made their money. They don't care about what is going on else where, because they are all ready set for life. That being said, if there was not a world wide slow down and if the government ever gets it act back together we will go back to the happy days again. When you bought it under the premises, "you buy they will come to buy it from you."

But you are assuming that Thailand can survive in a total vacuum ?

Admittedly there are many retirees and rich people in Thailand but I doubt if they have all moved ALL their money

into Thai bank accounts? Some will still be relying one way or another on incomes from USA or other countries

and some may be unlucky enough to suffer further from more bank closures in the future if this bailout

does not work. There is no doubt the USA is in for some very big changes and those changes are bound to

have a substantial effect on the rest of the world. As for the health of Asia, let's see what happens when

Asian exports plummet over the next few months as consumer demand in the world's biggest economy

goes into steep decline !

Please dont tell me you are still assuming that the USA is the worlds biggest economy??

So , from reading this thread as a house buyer the trend in Pattaya is the same as the majority of other Countries.

The main difference that concerns us is that there is a continued reference to the Thai Company ownership of a house being doubtful , but there is a plethora of Farang couples with houses that have been there for years.

In reality ,would ANY government close down this 'loophole' & risk losing the income generated by hundreds if not thousands of Farang Home 'owners' living in LOS????

Try hundreds of thousands John!! Remember, half the posters on this forum have only ever been here for a "two week millionaires holiday" and have absolutely no relative input to anything posted here, WE KNOW WHO YOU ARE!!!!!

Smells like total BS.

Cut the fuc_king crap.

You are a liar , nothing else.

either that or a real eastate agent

Just two more low life drunks, living here on 20,000 a month mad at the world. Too bad, if you can't do it I can. If you have any money, which I know you don't, I will sell you a few units. Every time real estate is discussed on this site clowns like you come out posting on something you know nothing about. That's why I don't post to much any more because of people like you two!

billaaa even if what you say is true- you cannot possibly deny that with everything

that has happened in the US over the past few days ( eg George Bush on tv last

night warning the people about a possible " panic " ) that EVENTUALLY this MUST FILTER

through to Thailand

Look, I think I said above the market is STRONG; it is not great like it used to be. Where you could buy anything and sell it the day you finished renovations. Now, you need to be selective, very selective on what you buy and have a plan on why you're buying it and how you're going to sell it.

The market is moving more upscale everyday, as the trash like to two above get pushed out. This is a very important point I made above and I think you missed it, in fact I am sure it just flew over your head. The vast majority of people buying condos here, are already RICH or RETIRED, they have already made their money. They don't care about what is going on else where, because they are all ready set for life. That being said, if there was not a world wide slow down and if the government ever gets it act back together we will go back to the happy days again. When you bought it under the premises, "you buy they will come to buy it from you."

I think that covers that subject for a little while any way. At least until the two fools read my latest post and come back with their wise as s remarks about something they know nothing about. And by the way, for those two and anybody else that might be reading, I am NOT a real estate agent. They have to work way to hard and I am lazy. I just like to work the three hours in the morning renovating the units, then head to the golf course and finally cap the night off with a trip to Walking Street. Life sucks, I know, but somebody has to do it, and the way I figure it, it might as well be me.

I dont know why people keep referring to the US state of affairs as any sort of example, for christ sake, do people not understand yet that China and Japan own most of the debt in the US, the ham shanks are in for an even bigger wake up call when that debt is to be collected!!!!

As previous readers will know i am not a great fan of condos too much, and as for thinking less than 50,000 baht / sqm is any kind of value, ??????????????????, i have heard all the no brainers thinking that it is worth paying double money to have the property in their own name, ( ie: foreign quota condos) up to them, obviously have not thouroughly researched the alternatives! But as with anything here - up to you!! It must be really great to think you have a mega project condo unit in your own name only to find it is not actually going to be a reality - so 1000 bt / sqm or 100000 bt / sqm means the same eh?? Absolutely nothing!!!!!

Then ESCROW is the way to go.

Absolutely, for those developers that actually adopt it!!

A. More low-rise, less high-rise

A low rise can be constructed for between Bt.17,500 and Bt25,000 per m2, depending on the quality and finishings. A high rise will set you back around between Bt.80,000 and Bt120,000 per m2, depending on quality and complexity (a 90 stories tower is exponentially more complex to build when compared to a "mere" 30 stories).

The probelm as expatgaz states is ovepricing.

You're in the right balllpark regarding construction costs but how many of these low rises are selling for less than 50,000 Baht a square metre?

This only reinforces my opinion that new condos are priced so that the developer recovers his costs (at least) by only selling the Farang 49% and rh units are really only 'worth' half the asking price.

As previous readers will know i am not a great fan of condos too much, and as for thinking less than 50,000 baht / sqm is any kind of value, ??????????????????, i have heard all the no brainers thinking that it is worth paying double money to have the property in their own name, ( ie: foreign quota condos) up to them, obviously have not thouroughly researched the alternatives! But as with anything here - up to you!! It must be really great to think you have a mega project condo unit in your own name only to find it is not actually going to be a reality - so 1000 bt / sqm or 100000 bt / sqm means the same eh?? Absolutely nothing!!!!!

If there is a downturn at present then surely this would be the time to buy, particularly homes and condos that already exist / are completed, as anything that will be built in the future will cost more to construct and consequently more to resale?

People here tend to forget that there is a global downturn at the moment, it is in no way particular to Pattaya, the bottom line is that property in Thailand is still great value for money in comparison.

Those that have the insight to buy now will be sure winners! watch this space!

Please search previous threads on this forum, all your answers are there.

Why invest any money in real estate in this country ?

There is no need to - because there far better markets

around the globe capable of giving generous returns and capital gains

and with better consumer laws and real estate agent regulations than Thailand

Consumer laws and regulations are part of the risk here, the bigger the risk the greater the potential returns.

I'd be happy to invest in Thailand, can't think of anywhere else I'd put money into real estate, perhaps the US in 18 months or so.

CBRE generally have a good reputation, at least here in Phuket - Perhaps the employee involved had a personal interest somehow (friend or family member the purchaser?). Can't think of any other reason they would let someone play them about for so long, the quicker you got your money - the quicker they got their commission.

I have made far more money with Sydney Harbour waterfront property

than I could ever have made in Thailand there is one Sydney Harbour in the world.......

What is so special about ANY location in Thailand ?

And CBRE in Australia could lose their real estate agents licence for engaging in this

sort of deception ..........why take the risk here ?

What is the connection between "Sydney waterfront" and Thai property?

You are talking chalk and cheese here mate.

Why to you find the need to advertise on internet forums that you are a "rich" property trader?

Yeah right. More like an English language teacher living in Kho San Road district

Try to stick to the topic mate rather than trying to convince other TV members you are "rich"

What rubbish

Livinginexile I am very sorry if I have upset you !

No I am not " advertising on internet forums that I am a "rich" property trader " !

and I agree there is no connection between Sydney waterfront and Thai property but

I just wonder why people take unecessary risks buying real estate interests

in Thailand when you generate the same returns elsewhere? You need

a fullproof legal system with sound consumer laws

to invest safely in real estate and in my view Thailand has neither.

The OP was obviously dealt with very shabbily by his real estate agent

- all i am saying is that in more regulated markets ( Sydney being one of them )

you would never get away with that sort of behaviour.

I guess you will be telling us next that the USA and UK are "regulated markets" ? sorry mess that has turned out to be!!

i always wanted to go and have a race at the circuit. but i am not such a great fan for karts. but i like motorbikes more as i have grown up with them. only the wind going through me hair makes me feel alive.

once you hit the 140-180 mark. it is like your are alone on the road .(except there is a car, dog cat or another bike) cutting the way.

i also heard that the bira circuit also has big bikes for testing. but at high prices.

Check out Highside tours at Bira, big bkes for a blast!! Awesome!

In coming yearls there is likely to be a lot more sightings of Whales, masses of Jelly fish, Funny lookig Worms and other not so native species around the coasts of Bang Sean, Pattaya, and Jomtien, but it is not the sign bad things to come, far from it, it is just with the creation of artificial reefs made from old Trains and Water Pipes etc. there is far more feeding to be had by more species!

I've lived right across the street from Jomtien Complex for 4 years and know most of the restaurants and a few of the bars --

I had never heard of the "Fantasy" Bar --

Tonight, on a quick jaunt to one of my favorite JC eateries, I decided to take a minute to poke around and see if I had actually missed the "Fantasy"

I hadn't -- it's a Fantasy -- it doesn't exist!

For anyone hoodwinked enough ( as I briefly was ) to make a trip to Jomtien -- don't waste your time.

( Actually, for the next person stupid enough to think that just what Pattaya/Jomtien needs in another Bar -- "Fantasy" might be just the right name . . .

Well i dont live anywhere near Jomtien Complex, but i managed to find it at the first attempt, so you must have been wandering around with your head up yer hoop!

Dont forget the Daily Sport - quality journalisim

Do you have the new style or old ?

Both my 5 year old style do not say anything about renewal date.

Clearly? What in English? Must be a new style

Old style, and in English (only the bit about renewal is in English) - expires end of next year, from the place behind the Regents School.

It is what it is!

Or Suzuki Carry 329,000 with the bulletproof 1.6 Vitara engine!

Quite clearly stamped on the back of my driving liscence, "you can renew up to 3 months before date of expiry" maybe this just applies to a current 5 year one though ??

Boss snooker on Sukhumvit road.

why not buy new,

what the cost of a new one anyone?

Last I knew they were around the 60 - 70 thousand area

I think you have missed a "0" there, i asked at a shop at Naklua run by a German/ Austrian? horrific prices!!!!

Nobody was learning any truth, all based on assumption and hearsay.

Hi, I'm thinking of buying a house off soi siam country club,in the royal prestige village.Does anyone know anything about this village or the area?is the public transport on soi country club?is it easy to get into town?any information would be good.

thanks Davylad

Hi,

Yes, it's a beautiful place, but so far from everything ! Where do you live for now ? Do you know well Pattaya ?

It appears that many people buy in Pattaya east because they trust agencies that have interest to sell this place where there are so many houses for sale, and then big benefice for them.

In the East, the prices are really too high for this location, and it will be very difficult to resell if you need one day. Pattaya is a seaside city and the sea is very far from Siam Country Club !

For now, I think it's really better to buy between beach road and Sukhumwit road. And easy too, because agencies don't work there.

Hi Geroc,

You say that royalprestige is a lovely place,but then everything else is negative?It's only 4 miles from walking street,this doesn't sound very far to me,all agencies have an interest in selling thats there job,properties like this would be 3 times the price on the beach side,but I've also heard bad things about living on the beachside,suksabai villas being the crime capital of thailand for instance,

Got to be a tie between Suksabai villas and Pratumnak hill for that title!

555 ! You're so funny ! I suppose you've bought a house in East Pattaya ! That's great. Living in a seaside city and buy the farthest it's possible from the sea ! For farangs, fuel is not expensive in Thailand, but driving 12/15 km for shopping is a bit mad.

Just truy to rent out your house. You'll see easily how cheap will be the price.

Agencies like to work in the East. Around 1000 houses are for sale. It's easy to influence customers. People who buy there are new ones in Pattaya and they listen crazy argument as security, or quietness, imaging that in Pattaya, killers work, cars drive and dogs bark only between the beach and Sukhumwit ! But I've to admit cheaper prices.

I've often helped friends for finding a house or a condo in Pattaya. First rent and discover for 3 months or more. Then you'll be able to choose the place you'll buy. And if you can't expend big money, you can go to the east, but not too far. When real estate market will slack up, east pattaya prices will break down.

I am afraid you are way wrong there Geroc, people who buy in the east are the ones who have stayed in the city and cannot take anymore of the traffic, pollution, street hustlers and petty crime, violent crime, scammers, to name but a few reasons!

Far better value for money on the east side than some of the daylight robbery prices being quoted for a postage stamp size plot in the city!

East side is LIVING - City side is simply SURVIVING !

You are somewhat back to front with your reasoning Geroc

???????????? Have you ever been in Pattaya or do you only read gossip daily newspaper ? No ? So surely you want to sell your house in east for long time ! Maybe you're a real estate seller ?

Seriously, if you're a real resident of east Pattaya, come and visit Jomtien, between beach and Sukhumwit. 500 from the sea, 300 m to Sukhumwit, many shops everywhere, supermarkets at 5 minutes. And a so quiet and safe place.

Birds awake me in the morning, then I go to ride my bicycle along the beach, watching the little fisher boats coming back... Wonderful !

The best place in Pattaya.

I have lived here 7 years now Geroc, maybe when you have been here as long as me you will begin to realise the difference, for now , enjoy your serenity!