Is this a good time to buy a Condo?

[how241]

17 minutes ago, scubascuba3 said:

i think he was trying to rent it for 5k-6k and no takers

All my condos are rented. I have more than one.  The lady who just left this condo stayed there for 6.5 YEARS and almost paid me in rents the cost of the condo.  She never asked me to fix or repair anything. Better than getting 1-2% in the bank . 

[URMySunshine]

8 hours ago, Denim said:

Bad time to make any large investments in Thailand. Until democratic government returns not worth risking any large sums here for anything whatsoever.

"When people are greedy be fearful and when people are fearful be greedy."

[Airalee]

6 minutes ago, how241 said:

Did you look at the photo of the patio ???  Do you see any metal bars ??

Yes! As I said in the post that you’re replying to...across the courtyard.  It looks like a prison.
 

Furthermore, this isn’t the thread to post a for sale listing for your condo...rather, it is a thread for us filthy renters to poke fun at ridiculous asking prices (and sales tactics) such as yours.

 

 

[how241]

42 minutes ago, Airalee said:

Does it come with bars on the window or will that cost me extra?

Not all the condos have bars on the windows.  Mine doesn't.  It's a personal choice to have bars on the patio or not. You would need to install them yourself if you wanted them. No need to them as in the 8 years I lived at Nirun Condos, I don't think I saw the police come more than a handful of times.  Nirun Condos almost 2,000 condo units , in 6 buildings, with 2 swimming pools. The pools have just been remodeled and also all the common areas have been improved.  The new management team is doing a great job.  300 a month service/maintenance fee.  Hard to beat that !!!

[scubascuba3]

3 minutes ago, how241 said:

Not all the condos have bars on the windows.  Mine doesn't.  It's a personal choice to have bars on the patio or not. You would need to install them yourself if you wanted them. No need to them as in the 8 years I lived at Nirun Condos, I don't think I saw the police come more than a handful of times.  Nirun Condos almost 2,000 condo units , in 6 buildings, with 2 swimming pools. The pools have just been remodeled and also all the common areas have been improved.  The new management team is doing a great job.  300 a month service/maintenance fee.  Hard to beat that !!!

Is that a jumper in the first photo?

 

Did you hear about about a 43yo skandi killed by his thai gf the other day at Nirun? someone posted it on a thread earlier today

[fforest1]

On 2/24/2020 at 4:37 PM, scubascuba3 said:

The poor exchange rate and question mark over whether they will bring in health insurance for the non imm O should make people delay buying a condo.

Renting is cheap so no rush to buy.

 

Plus buy to let landlords need a work permit and expect problems with TM30s

There is a lot more to the visa situation than just this.....Its not a problem that they make visa changes the problem is they don't grandfather changes any more.....Face the facts.....The current government dislikes/hates farangs....As soon as this Corona virus thing is over you can be sure they will be back to making the visas harder and harder to get again....

 

Whats the point of owning a place if you cant get a visa....I would not buy unless I saw a change in government and visa policy..... 

[Edgar Wallace]

Aaand the Gold price is going to the stars recently..

[Airalee]

17 minutes ago, how241 said:

Not all the condos have bars on the windows.  Mine doesn't.  It's a personal choice to have bars on the patio or not. You would need to install them yourself if you wanted them. No need to them as in the 8 years I lived at Nirun Condos, I don't think I saw the police come more than a handful of times.  Nirun Condos almost 2,000 condo units , in 6 buildings, with 2 swimming pools. The pools have just been remodeled and also all the common areas have been improved.  The new management team is doing a great job.  300 a month service/maintenance fee.  Hard to beat that !!!

 

17 minutes ago, how241 said:

 

I love what you’ve done with the entry.  It’s so....welcoming.  The sheep are great! But all I see are white people statues. You should strive for a little more diversity and inclusiveness.

 

Edited February 25, 2020 by Airalee

[Airalee]

8 minutes ago, scubascuba3 said:

Is that a jumper in the first photo?

 

Did you hear about about a 43yo skandi killed by his thai gf the other day at Nirun? someone posted it on a thread earlier today

Hey...they have only had to have the police come “a handful of times”

[nobodysfriend]

Everything you might own , you'll own it for some time only ... buy a condom , not a condo ...

[Destiny1990]

 

You buy something first especially since nothing will drive u out from here.

visas obstacles , wuhan flue , beach pollution, air pollution ,Vietnam options,  water shortages Etc so with an attitude like that u would be a sucker for not buying here ur own little love-shack. 

Edited February 25, 2020 by Destiny1990

[newnative]

5 hours ago, bkk6060 said:

Haha.  Well, there certainly are bitter people because their Thailand real estate "investment" has gone sideways. Lots of desperation out there.

Renting is very reasonable here and gives me the life flexibility I prefer that owners do not have.  More of a featherweight then a lightweight. ????

But, I put my money into real investments with a diversified portfolio which is way way up in the past few years.  And those dead money condos? You got one? Over 12,000 now for sale in Pattaya area alone.  Shameful.

But, I bet you do not understand any of it.

 

 

     For many, renting has more advantages in Thailand than owning.  Whatever works best for each individual and there is no right or wrong answer.  Yaa, renters!  However, owning a condo does not necessarily mean you lose your 'flexibility'--and you are not necessarily chained to a condo you buy in Thailand for the rest of your born days.  

     My partner and I owned two condos in Rayong, moving twice there.  Then we sold the second one and moved to Pattaya at the end of 2010.  Since we have been here, we have owned condos that we lived in at: View Talay 3; View Talay 5C; View Talay 5D; View Talay 7; Lumpini Park Beach; The Axis; Centric Sea; and several others.  We also bought a condo in Bangkok, decided it was too small, sold it, and now own a bigger condo in Bangkok.  So, it's possible to own, sell at a profit if you get restless, and be as 'flexible' as a renter.  

[Nyezhov]

15 minutes ago, Airalee said:

I love what you’ve done with the entry.  It’s so....welcoming.  The sheep are great!

Spooky. Id be coming back in at night and would be freaking out if I saw a leering sheep. Im not Australian.

[Destiny1990]

1 hour ago, Airalee said:

Just a few years ago, people were talking about ฿400k condos being the norm at Nirun.  ฿720k sounds quite overpriced.  The bars on all the windows across the courtyard give it all the ambiance of a prison.

This unit comes with the upgraded luxurious furniture package hence the price difference ????????

[Airalee]

9 minutes ago, Destiny1990 said:

This unit comes with the upgraded luxurious furniture package hence the price difference ????????

Throw in a motorbike and it would bring a cool mil.

 

[JimmyTheMook]

You know you've really succeeded in life -

when you find yourself living in the Nirun Condos.

 

 

 

 

[ChaiyaTH]

To buy any condo right now is pretty much stupid. 

[bkk6060]

3 minutes ago, JimmyTheMook said:

You know you've really succeeded in life -

when you find yourself living in the Nirun Condos.

 

 

 

 

Hey, walk to Big C.

What else is there? ????

[how241]

43 minutes ago, Airalee said:

love what you’ve done with the entry.  It’s so....welcoming.

Those photos are NOT the entry but the remodeled space between the buildings.  It's much improved.

[how241]

13 minutes ago, ChaiyaTH said:

To buy any condo right now is pretty much stupid. 

Why?   It's a buyers market right now and if your planning to live here permanently,  why not buy...I have bought and sold several condos and 2 pieces of land, in my Thai ladies name,  and have made profits on all of them .  My rising bank account tells me that I am not so stupid BUT I understand that dealing in real estate is not for everyone.  Better to keep that money safely in the bank at 1-2%...

[emptypockets]

58 minutes ago, scubascuba3 said:

Is that a jumper in the first photo?

 

Did you hear about about a 43yo skandi killed by his thai gf the other day at Nirun? someone posted it on a thread earlier today

Looks like someone getting ready to fly.

[Airalee]

16 minutes ago, how241 said:

Those photos are NOT the entry but the remodeled space between the buildings.  It's much improved.

You’ll have to give me the name of your decorator.

 

needs more statues though....

 

 

 

[how241]

27 minutes ago, JimmyTheMook said:

You know you've really succeeded in life -

when you find yourself living in the Nirun Condos.

 

 

 

 

I know a man who just bought his 20th Nirun condo.  He gets more than 80,000 baht MONTHLY  rental income and lives Very nicely off it.  He lets his Thai lady handle any problems that arise.  He gives her a little piece of what he makes and rationalizes that he would have to give her some money anyway and at least she is helping me.  This has worked nicely for him for many years. The rental game is not for everyone but there is money to be made. 

[how241]

11 minutes ago, emptypockets said:

Did you hear about about a 43yo skandi killed by his thai gf the other day at Nirun? someone posted it on a thread earlier today

No I didn't read or hear that.  Do you have a link to the story ? Thanks.  Being there are almost 2,000 condo, with 4-5,000 people living there, there are bound to be occasional problems. This can and will happen anywhere in the world.

[HauptmannUK]

6 minutes ago, how241 said:

I know a man who just bought his 20th Nirun condo.  He gets more than 80,000 baht MONTHLY  rental income and lives Very nicely off it.  He lets his Thai lady handle any problems that arise.  He gives her a little piece of what he makes and rationalizes that he would have to give her some money anyway and at least she is helping me.  This has worked nicely for him for many years. The rental game is not for everyone but there is money to be made. 

Never been to Nirun but it doesn't look so bad in those photos. I might be interested at ฿500k as a rental investment. I think there will be a growing bottom-end rental market to cash-strapped elderly British - a lot of the British guys I know seem to be struggling financially these days....

If I could get 5%+ I'd be happy.

Edited February 25, 2020 by HauptmannUK

[Denim]

1 hour ago, URMySunshine said:

"When people are greedy be fearful and when people are fearful be greedy."

 

Fools rush in where angels fear to tread

[how241]

8 minutes ago, HauptmannUK said:

If I could get 5%+ I'd be happy.

You should have no problem to get that kind of return.  

[how241]

9 minutes ago, HauptmannUK said:

I might be interested at ฿500k as a rental investment.

You would have needed to buy at Nirun 5 or more years ago to find that price.  

[HauptmannUK]

1 minute ago, how241 said:

You should have no problem to get that kind of return.  

Sure. As I wrote earlier, my wife gets 7% renting out some basic rooms to Thais up by Sukhumvit. I think 5%+ is attainable. Nirun seems to be a convenient location.

[ChaiyaTH]

7 minutes ago, how241 said:

You should have no problem to get that kind of return.  

Actually people will have a lot problems getting that return once the real estate market crashes,
prices of many units will be forced lower causing the cheaper ones to also get even lower than it already is today. 

I know of units in CM that cost around 1M baht and their rent value now is only 4K baht after paying building fees. 
Units almost can't even be rented out, they are always available for rent since over a year or so.

Tricky business to be in, can't sell it either means 0-3% returns average only. Perhaps easy for X years to make a nice ROI, different if talking over 2 decades time.
It used to be easy, not anymore today. Wrong country to start with it too.

Edited February 25, 2020 by ChaiyaTH