First ( and last) visit to Pattaya T21

[Destiny1990]

10 minutes ago, JSixpack said:

 

Actually you just don't want any mall in Pattaya except Royal Garden, like it was in the 90s.

 

I say I hope Central fails, because if it does, no other big company will build in Pattaya.
    —thaibeachlovers, 2016-01-04 05:15

 

Another invocation of the Fixed Pie principle of TVF Poster Economics as mentioned in my previous post:

 

https://forum.thaivisa.com/topic/1103988-first-and-last-visit-to-pattaya-t21/page/5/?tab=comments#comment-14210832

 

You have a point, and TVF members, including yourself, used the dispersal of roughly the same number of mongers to justify the Pattaya Perpetual Death Spiral. But then other factors soon entered into it, currencies, inflation, etc. As the demographics changed, Russians, Chinese, Bangkok Thais, Indians, etc. weren't patronizing beer bars--but they are the malls. 

 

So, false analogy. The beer bar market, hardly a realm populated by sophisticated investors (or patrons), is really incommensurable with the shopping mall market. 

 

 

 

So what do you think about TM21 and its location nicely tucked in between 3 other malls with  1200 meters distance? Where would you like the next mall to be built?

[JSixpack]

3 minutes ago, Destiny1990 said:

 

So what do you think about TM21 and its location nicely tucked in between 3 other malls with  1200 meters distance? Where would you like the next mall to be built?

Good. Cf. the mall density in BKK. When Siam Paragon started going up, our economists all predicted its doom because "all the rich Thais shop in Hong Kong and Singapore." Didn't have a clue as usual. I'll leave it up to those putting their own money on the line to decide where it's best spent. Our Jomtien dwellers, having voluntarily moved to an area less convenient than Pattaya or Naklua, naturally come up with these self-serving delusions of grandeur and balls hoping somebody's gonna spend their billions to make it more convenient for them. If the money's really there, Thais (Chinese Thais) will certainly come after it, just as they did when Pattaya was ripe for a big mall. It ain't there yet. Sorry.  

[JSixpack]

On 6/10/2019 at 9:12 AM, thaibeachlovers said:

I don't understand the desire to build many malls in Pattaya, and none in Jomptien.

The inevitable result is that the numbers that were sufficient when Central was the only big mall

You've not understood the desire to build ANY mall in Pattaya and when Central was built you insisted the numbers were insufficient then as well, assuring the forum that it would "fail." One of our more notable economic predictions. ????

[JSixpack]

On 6/10/2019 at 12:10 AM, beautifulthailand99 said:

An interesting theory - I've always thought the elite families are so super rich that malls are just like baubles they want to show power to a rival family as much as they want to make a profit. 

It’s a nice fantasy to imagine Thailand’s elite Chinese-Thai families aren't just deadly serious about squeezing out as much money as they possibly can in a quasi-free market wherein they compete with—and, as needed, use—publicly traded companies. As L&H itself is publicly traded, and its shareholders expect returns, you might explain how the majority were persuaded to invest 7.5 billion for a bauble.

But, so refreshing, substituting vanity for the Thai greed constantly decried on our beloved forum. Should offer welcome relief to some of our sufferers from Mall Existence Paradox Syndrome (MEPS). It strongly appeals to the 99-percenters. Farang pensioners love hearing of the foibles, proclivities, and avoidance of all criminal liability by the Thai elites. So it’s another contribution to random eyeballs-based TVFPE to explain how malls exist with no shoppers.

That said, however, most MEPS sufferers have acquired mastery of Thai business principles from carefully studying Money Number One. So they'll much prefer to follow those ace Economists trained in the highly respected Colorectal School, many of whom chant right alongside them in the mighty TVF Tea Money Chorus.

 

And so they’ll find your “thought” unsatisfactory for ignoring the entirely logical, obvious, well-known core Thai business principle of money laundering. They enjoy having their sure knowledge confirmed about all that dirty money coming in drugs, prostitution, gambling, scams, rackets, extortion, protection, Chinese, and the Russian mafia. Yeah, that's the stuff. After money laundering is confirmed, your typical MEPS sufferer can smile knowingly, eat, and sleep soundly, bewildered no longer.

 

[JSixpack]

On 6/9/2019 at 9:36 PM, Destiny1990 said:

Imho its Jomtien that needs a seaside mall and not Pattaya that has already  an oversupply of malls.

 

Your advice was taken decades ago when Pattaya didn't have an oversupply. Here's what happens to seaside malls in Jomtien trying to meet all your imagined "need." ????

 

 

 

So that looks like a sure investment opportunity for you.

[Destiny1990]

53 minutes ago, JSixpack said:

 

Your advice was taken decades ago when Pattaya didn't have an oversupply. Here's what happens to seaside malls in Jomtien trying to meet all your imagined "need." ????

 

 

 

So that looks like a sure investment opportunity for you.

Investors should know investing it is all about timing and location.

Something was not adding up in that investment.

[JSixpack]

2 hours ago, Destiny1990 said:

Investors should know investing it is all about timing and location.

Something was not adding up in that investment.

Timing's been extended for decades, waiting, waiting . . . . But the location's Jomtien seaside as you recommended and it's there right now ready to meet all that "need."

 

Yep, something didn't add up (what might that be?) and (cough) still isn't adding up. Suddenly The Avenue looks wildly successful. ????

Edited June 17, 2019 by JSixpack

[Destiny1990]

29 minutes ago, JSixpack said:

Timing's been extended for decades, waiting, waiting . . . . But the location's Jomtien seaside as you recommended and it's there right now ready to meet all that "need."

 

Yep, something didn't add up (what might that be?) and (cough) still isn't adding up. Suddenly The Avenue looks wildly successful. ????

 

With  they he probably means the (JFAS) Jomtien Farang Aircon Seekers.