time to buy

[phycokiller]

judging by the quietness of this forum Im rather of the opinion that its time to buy folks. this is the bottom of the bubble, or close to it 

[Spidey]

I live on a gated estate near Pattaya. 2 years ago I looked to buy a house on this estate and was quoted 3.5 to 4m. I decided to rent.

recently I decided to bite the bullet and buy. Found a house on the same estate, nice example, which I purchased for 3.2m.

 

Prices are definitely on a downward trend, condos are suffering an even bigger price drop in order to sell. Personally, I think it's a combination of oversupply and Thailand becoming a less attractive place to retire to, for various reasons.

 

Has it bottomed out? I don't think so. Condos continue to be built and Westerners, particularly Brits, are continuing to abandon Thailand.

 

However, you need to go with your instincts on that, if you feel that it's near the bottom, buy. If not, sit tight.

[phycokiller]

15 hours ago, Spidey said:

I live on a gated estate near Pattaya. 2 years ago I looked to buy a house on this estate and was quoted 3.5 to 4m. I decided to rent.

recently I decided to bite the bullet and buy. Found a house on the same estate, nice example, which I purchased for 3.2m.

 

Prices are definitely on a downward trend, condos are suffering an even bigger price drop in order to sell. Personally, I think it's a combination of oversupply and Thailand becoming a less attractive place to retire to, for various reasons.

 

Has it bottomed out? I don't think so. Condos continue to be built and Westerners, particularly Brits, are continuing to abandon Thailand.

 

However, you need to go with your instincts on that, if you feel that it's near the bottom, buy. If not, sit tight.

this is the Cryptocurrency forum , not the condo forum, but thanks for your input anyway

[phycokiller]

up 25% since I posted 9 days ago

[cookai]

If history is any indicator,  it will still get worse.   This is just another head jerk till it goes lower thank $5k.

 

[phycokiller]

3 hours ago, cookai said:

If history is any indicator,  it will still get worse.   This is just another head jerk till it goes lower thank $5k.

 

I was planning on 5000 too but I dont think it can get there now, maybe 5500. you should use a log scale if you want a realistic overview

Edited July 24, 2018 by phycokiller

[icofriend]

5500 is actually max to which Bitcoin can now go down, then it will probably be a reflection ...

[Ks45672]

7200+ likely the next milestone 

[icofriend]

And at the end of the year, we can not count on some jump in bitcoin?

[Ks45672]

On 9/17/2018 at 5:47 PM, icofriend said:

And at the end of the year, we can not count on some jump in bitcoin?

Historically, the last quarter is when the fun starts.... 

[Scottjouro]

9 hours ago, Ks45672 said:

Historically, the last quarter is when the fun starts.... 

Yeap...typically the time for the ATHs