Popular Post Emdog Posted May 24, 2021 Popular Post Share Posted May 24, 2021 I bought my small condo about 15 yrs ago, 800k (and this was when $ was around 40 baht). Rents were about 15k/month at the time ($5400/yr). Using calculator, it was paid off in about 4 1/2 years, so I've been living "rent free" for at least 11 years. I know that due to lack of demand plus overbuilding would have led to lower monthly rent, I'm still far ahead of renting. Condo fees cheap here, maybe $300/year. I could walk away from this place and still come out ahead of renting even if I gave it away. I didn't see this as an investment per se, but more like eliminating a monthly drain. 3 Link to comment Share on other sites More sharing options...
Falcon Posted May 24, 2021 Share Posted May 24, 2021 4 hours ago, webfact said: When the Covid-19 situation in the country was sorted the floodgates would open, they reported. And then the guys wife shook him out of his lovely dream and told him it was time to get up and go to work….. 1 1 Link to comment Share on other sites More sharing options...
Hockeybik Posted May 24, 2021 Share Posted May 24, 2021 If they were really serious, they would relax the laws and allow foreigners to freehold land. But, they are not. 1 Link to comment Share on other sites More sharing options...
Popular Post crazykopite Posted May 24, 2021 Popular Post Share Posted May 24, 2021 I made it my home 16 years ago but boy immigration make it so hard for we farangs if I could find a buyer I would move on the Malaysia where I could get a 10 year visa with no hassle the sooner the borders are open and we are free to move around without any restrictions the better but that day is a good year or two away ☹️☹️☹️ 4 Link to comment Share on other sites More sharing options...
Pattaya Spotter Posted May 24, 2021 Share Posted May 24, 2021 Malaysia My Second Home..."Thailand My Second Home"...not very original but it could work ???? Link to comment Share on other sites More sharing options...
Pattaya Spotter Posted May 24, 2021 Share Posted May 24, 2021 7 minutes ago, crazykopite said: I made it my home 16 years ago but boy immigration make it so hard for we farangs if I could find a buyer I would move on the Malaysia where I could get a 10 year visa with no hassle the sooner the borders are open and we are free to move around without any restrictions the better but that day is a good year or two away ☹️☹️☹️ I've read the Malaysia My Second Home program, which comes with the long term visa, is quite a bit of hassle. The grass isn't always greener...and then there's the turkey bacon ???????????? 2 Link to comment Share on other sites More sharing options...
Pattaya Spotter Posted May 24, 2021 Share Posted May 24, 2021 2 hours ago, dinsdale said: Corrupt Chinese officials and Russian mafia. Thai definition being quality investors. Sounds like some Westerners don't like competing with others more cashed-up than they are. 1 Link to comment Share on other sites More sharing options...
tlandtday Posted May 24, 2021 Share Posted May 24, 2021 Some truth but might be tough sell as many have finally figured out the "guaranteed rental return" game that has left a notable company in bankruptcy with many more to come. 1 Link to comment Share on other sites More sharing options...
MasterBaker Posted May 24, 2021 Share Posted May 24, 2021 obviously, author is sarcastic Link to comment Share on other sites More sharing options...
Guderian Posted May 24, 2021 Share Posted May 24, 2021 4 hours ago, webfact said: They wanted to make Thailand their "second home" Oh, poor souls. Won't your first home give you the vaccine either? Link to comment Share on other sites More sharing options...
redwood1 Posted May 24, 2021 Share Posted May 24, 2021 3 hours ago, ezzra said: It's a complex statement, why now and why only Chinese or Russian survey and not other countries? why now where Covid is everywhere and everyone is affaid and confused, i say this article is just blowing smokes up someone ares just for fun... Yea why don't we ever hear of Indians buying condos.....Don't Indians ever buy condos? Also do you ever hear of Russian restaurants? And just a very few Chinese restaurants......But boy the Indians love opening restaurants.....Loads of them..... Link to comment Share on other sites More sharing options...
dinsdale Posted May 24, 2021 Share Posted May 24, 2021 (edited) 47 minutes ago, Pattaya Spotter said: Sounds like some Westerners don't like competing with others more cashed-up than they are. If you think getting money through corruption and organised crime is ok that's up to you. Edited May 24, 2021 by dinsdale 1 Link to comment Share on other sites More sharing options...
Chiang Mai Bill Posted May 24, 2021 Share Posted May 24, 2021 3 hours ago, Gecko123 said: Weird. Picture looks like the guy's playing cards with money. Let's hope it's not a subliminal message to casino operators and others in need of money laundering opportunities that Thailand's open for business. Now would any wealthy Russians or Chinese do that!!! Link to comment Share on other sites More sharing options...
jacko45k Posted May 24, 2021 Share Posted May 24, 2021 Another one of those 'reports' that can only be produced from a standing position. Link to comment Share on other sites More sharing options...
Brickbat Posted May 24, 2021 Share Posted May 24, 2021 This is funnier than the Joke of the Day? Thai Rathbag? Link to comment Share on other sites More sharing options...
placeholder Posted May 24, 2021 Share Posted May 24, 2021 3 hours ago, ezzra said: It's a complex statement, why now and why only Chinese or Russian survey and not other countries? why now where Covid is everywhere and everyone is affaid and confused, i say this article is just blowing smokes up someone ares just for fun... Probably because those are 2 countries where for various reasons, locals don't trust the government to keep its hands of their cash one way or another. 1 Link to comment Share on other sites More sharing options...
Neeranam Posted May 24, 2021 Share Posted May 24, 2021 1 hour ago, crazykopite said: I made it my home 16 years ago but boy immigration make it so hard for we farangs if I could find a buyer I would move on the Malaysia where I could get a 10 year visa with no hassle the sooner the borders are open and we are free to move around without any restrictions the better but that day is a good year or two away ☹️☹️☹️ What exactly is so hard, in your opinion? Is it the hour or 2 visiting immigration once a year? Link to comment Share on other sites More sharing options...
Neeranam Posted May 24, 2021 Share Posted May 24, 2021 1 hour ago, Hockeybik said: If they were really serious, they would relax the laws and allow foreigners to freehold land. But, they are not. There are just too may negative for that to happen. It would be a nightmare, all the rich Chinese/Russians/norwegians/Scots buying up land. We'd end up looking like Australia. 1 Link to comment Share on other sites More sharing options...
SuwadeeS Posted May 24, 2021 Share Posted May 24, 2021 Till they see the real face, and their xenophobic behavior. There are better places. Link to comment Share on other sites More sharing options...
madmen Posted May 24, 2021 Share Posted May 24, 2021 11 minutes ago, SuwadeeS said: Till they see the real face, and their xenophobic behavior. There are better places. Where do you you live.? Link to comment Share on other sites More sharing options...
kynikoi Posted May 24, 2021 Share Posted May 24, 2021 5 hours ago, webfact said: Some restrictions have been eased and incentives are in place Anyone? Restrictions eased? Incentives? Russian and Chinese The last great hope Link to comment Share on other sites More sharing options...
RichardColeman Posted May 24, 2021 Share Posted May 24, 2021 5 hours ago, webfact said: Thai Rath had a feature that suggested foreigners - especially potential Chinese and Russian condo buyers - were desperate to come to Thailand to snap up property. If that's the case, why is the picture a man with dollars ? 1 1 Link to comment Share on other sites More sharing options...
Popular Post sambum Posted May 24, 2021 Popular Post Share Posted May 24, 2021 4 hours ago, Daithi85 said: Couldn't meet the visa requirements?? Surely if they could afford to own property here they'd have no problem paying a visa agent to help them out. But...but... Isn't that illegal? Also, you are (understandably) assuming the reason was lack of funds. Possibly it was the way that the particular I.O. dealing with their case was interpreting the facts, because they sure as hell don't all sing from the same hymn books! 3 Link to comment Share on other sites More sharing options...
kynikoi Posted May 24, 2021 Share Posted May 24, 2021 2 hours ago, 4MyEgo said: roperty is relatively cheap, Property is very expensive. 30sqm box for 3.5m starting. You can have a pretty nice condo in south Florida for double that. Nothing epic but nice and close to water. It's the taxes that kill you. Price will be even better when the bubble bursts. You're crazy. Not been any value here for 20 years. Link to comment Share on other sites More sharing options...
connda Posted May 24, 2021 Share Posted May 24, 2021 5 hours ago, webfact said: Thai Rath had a feature that suggested foreigners - especially potential Chinese and Russian condo buyers - were desperate to come to Thailand to snap up property. Thailand's economic pivot toward China and Russia will not sit well with the Five Eyes countries. Uncle Tu may well be threatened with future sanctions. 1 Link to comment Share on other sites More sharing options...
Benmart Posted May 24, 2021 Share Posted May 24, 2021 Amateur propaganda, churned out to generate useless chatter. These nonsensical articles rival those spawned by TAT and numerous officials, whose only qualifications appear to be the amount of tourist arrival whoppers they can regurgitate. Link to comment Share on other sites More sharing options...
Paul Henry Posted May 24, 2021 Share Posted May 24, 2021 Anybody with sense would want to move out of a communist country that is why Chinese and Russians have said they would chose Thailand as a second home. In reality they would probably chose it as their primary home. 1 Link to comment Share on other sites More sharing options...
Montnoveau Posted May 24, 2021 Share Posted May 24, 2021 Same as always applies in Thailand, only invest as much as you can afford to lose. 1 1 Link to comment Share on other sites More sharing options...
malibukid Posted May 24, 2021 Share Posted May 24, 2021 5 hours ago, DirtyHarry55 said: Know quite a few Expats who were forced out because they couldn't meet the Visa requirements even though they had family and or property here. My advise is sell up and rent you never know when this government will change the requirements and kick you out. "i rent everything" Mick Jager Link to comment Share on other sites More sharing options...
Fex Bluse Posted May 24, 2021 Share Posted May 24, 2021 6 hours ago, webfact said: Thai Rath had a feature that suggested foreigners - especially potential Chinese and Russian condo buyers - were desperate to come to Thailand to snap up property. I called it many times, and even at the start of the pandemic. Chinese will be looking to aggressively buy up whatever they can - including businesses (and even tourism focused businesses). If the Thais incentivise people to come by loosening up the land ownership rules, the place will be overrun with PRC Chinese in the next 2-3 years. All your favorite pubs will be converted into hot pot stalls and tea shops and other such nonsense. Enjoy the country now whilst it's still possible. Link to comment Share on other sites More sharing options...
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