There is no bubble!

[GOPinThailand]

https://m.nasdaq.com/article/thailand-to-require-minimum-downpayments-to-contain-bad-property-loans-20181004-00174

[theguyfromanotherforum]

"BANGKOK, Oct 4 (Reuters) - Thailand's central bank, concerned about the number of property loans going bad, said on Thursday it will require buyers of homes worth more than 10 million baht($306,465) and of second homes to make downpayments of at least 20 percent."

 

I am in Toronto now where for the past 4 years while I was absent the government brought so many anti bubble regulations yet the prices increased 30% while I was gone. The above 20% downpayment rule on buying a second home (investment property) has been a rule in Canada for decades.

 

I used to believe there was a real estate bubble in Bangkok, but every city which is a major economic center is experiencing it. There is a real estate bubble all over the planet. Thailand may experience a crash in tourist destinations like Phuket, Chiang Mai, etc.... but if Bangkok crashes I am pretty sure the whole world real estate will crash.