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Anyone trying to sell condo?


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20 hours ago, prchunter said:

The only problem with this is thai banks typically loan at around an 8% interest rate, so unless you can get a cheap loan, an 8% interest is pretty hard to beat.  

Yes, you have to do this with real numbers. Inflation has been nowhere near 7% for the last 10 years, nor has wages improved significantly. Of course this depends on what country you look at, and what kind of work (e.g. some countries report stagnant wages for low-skill work).

 

In general, you pay a price for borrowing money, and inflation is factored into that price. Currently though, there is very little demand for borrowing money in many western countries, so secured loans can be had pretty cheap (unsecured loans are still not cheap).

 

Factoring into all of this is the real estate investment itself, which at a minimum should be a hedge against inflation (unless you buy in an area with decreasing demand, e.g. rural areas), and generally tend to appreciate faster than inflation (if you buy in a big city), because of population growth (demand increase faster than supply).

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2 minutes ago, lkn said:

Yes, you have to do this with real numbers. Inflation has been nowhere near 7% for the last 10 years, nor has wages improved significantly. Of course this depends on what country you look at, and what kind of work (e.g. some countries report stagnant wages for low-skill work).

Why do you need real numbers to explain things? That's silly.

 

Inflation in the US over the last 12 months is over 5%

 

Wages have/had been increasing significantly as well. 

 

2 minutes ago, lkn said:

In general, you pay a price for borrowing money, and inflation is factored into that price. Currently though, there is very little demand for borrowing money in many western countries, so secured loans can be had pretty cheap (unsecured loans are still not cheap).

How is inflation factored in when they don't have "real" numbers? All they can do is predict. No one two years ago was predicting 5% in the US.

 

2 minutes ago, lkn said:

Factoring into all of this is the real estate investment itself, which at a minimum should be a hedge against inflation (unless you buy in an area with decreasing demand, e.g. rural areas), and generally tend to appreciate faster than inflation (if you buy in a big city), because of population growth (demand increase faster than supply).

Urban areas like Detroit and rural areas like Vermont? 

 

704684671_RealEstate.JPG.29a0807c999fb25aee501ecf9a7f197b.JPG

 

 

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3 minutes ago, Yellowtail said:

Inflation in the US over the last 12 months is over 5%

As said, and this goes for real estate as well, you can’t really speak generally about this stuff, looking e.g. at U.S. inflation (or real estate prices) over the last 12 months is a very incomplete overall picture, as there is a lot of supply constraints caused by several pandemic related factors, change in living preferences due to “work from home”, etc.

 

I don’t expect inflation to stay at 5% for the next 3-10 years, nor house prices to keep going up, as they have done during the pandemic.

 

6 minutes ago, Yellowtail said:

How is inflation factored in when they don't have "real" numbers?

Of course these are just estimates, which is why you tend to also pay a premium proportional to the duration of the loan, since a longer period comes with more risk of our estimates being wrong.

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1 hour ago, Yellowtail said:

Why do you need real numbers to explain things? That's silly.

 

Inflation in the US over the last 12 months is over 5%

 

Wages have/had been increasing significantly as well. 

 

How is inflation factored in when they don't have "real" numbers? All they can do is predict. No one two years ago was predicting 5% in the US.

 

Urban areas like Detroit and rural areas like Vermont? 

 

704684671_RealEstate.JPG.29a0807c999fb25aee501ecf9a7f197b.JPG

 

 

So you understood everything I said then ? 

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On 7/10/2021 at 1:19 PM, beano2274 said:

have 2 Condos (Made into one) in Nonthaburi near Pantip, been trying to sell for over 2 years now, had a few people interested but nothing happened, rented out for a while but the person just moved out one day and left all the bills for us to pay

Monthly bills?

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