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Pattaya: Dead as a Dodo


roger101

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On 7/22/2021 at 7:17 PM, pissedoff2am said:

How many entrepreneurs do you think will open a business again after having theirs destroyed by short sighted govt (none who have missed a paycheck in any country) for a virus that is not a grave threat to the vast majority of the population.

 

Perhaps businesses that can get up and running with hardly any capital investment with a lease deal which specifies no rent due if there is a government mandated shutdown.

 

But I think even if the Thailand chooses to be extremely business friendly, tourists will be scarce initially due to restrictions put in place by other countries. 

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14 hours ago, gk10012001 said:

A definite possibility.  Casinos will be inevitable in Thailand.  They can't resist the money opportunties

Yeah yeah, "can't resist the money opportunities" - a typical TVF comment.

 

So why don't we have casinos then?  "They can't resist the money opportunities" yet they have resisted.  Why no sign?

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29 minutes ago, shortstop2 said:

Perhaps businesses that can get up and running with hardly any capital investment with a lease deal which specifies no rent due if there is a government mandated shutdown.

 

But I think even if the Thailand chooses to be extremely business friendly, tourists will be scarce initially due to restrictions put in place by other countries. 

 

Let's say all restrictions in Thailand, and for most countries around the world, have ended, whenever that may be.  What do you think Thai landlords will do? 

 

  

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3 minutes ago, josephbloggs said:

Yeah yeah, "can't resist the money opportunities" - a typical TVF comment.

 

So why don't we have casinos then?  "They can't resist the money opportunities" yet they have resisted.  Why no sign?

Gee, you are a negative one.  Making stupid generalizations. 

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8 hours ago, Broken Record said:

I think Casinos are a certainty, new condos and Malls are still being built, investments of billions of baht, they are not doing this for nothing, they are not doing this in the hope that sex tourists from the likes of the UK come here to get drunk for 2 weeks in Soi 6.

I believe that people who are investing Billions of Baht probably have some insider knowledge of the future plans for a new Pattaya, and those plans won't be factoring in the old demographic.

 

I agree.

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14 minutes ago, Leaver said:

 

Let's say all restrictions in Thailand, and for most countries around the world, have ended, whenever that may be.  What do you think Thai landlords will do? 

 

  

At that point rents will rise with more restrictive rental clauses.

 

There is a general feeling that Thai landlords won't budge on price but I think the supply/demand dynamic is quite important.

Edited by shortstop2
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1 minute ago, shortstop2 said:

At that point rents will rise with more restrictive rental clauses.

 

There is a general feeling that Thai landlords won't budge on price but I think the supply/demand dynamic is quite important.

And that most said dwellings turn to dust fairly rapidly.

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1 minute ago, Khabib said:

I'm going to up the ante, and bet they will

Good one.  The Thais will only stand by so long and watch the masses scoot over to Cambodia to the border casinos.  It may take a new regime, a new coup, a country wide "referendum",   who knows what.  They always had betting on Muay Thai fights, betting like madmen.  They always had horse race betting.  So it is not a big stretch to have betting on other things in this supposed buddhist country.  They will find ways to make it seem palatable, maybe claim some assertion that a percentage of the proceeds "by law" will go to the central buddhism fund.  I don't know

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1 minute ago, gk10012001 said:

Good one.  The Thais will only stand by so long and watch the masses scoot over to Cambodia to the border casinos.  It may take a new regime, a new coup, a country wide "referendum",   who knows what.  They always had betting on Muay Thai fights, betting like madmen.  They always had horse race betting.  So it is not a big stretch to have betting on other things in this supposed buddhist country.  They will find ways to make it seem palatable, maybe claim some assertion that a percentage of the proceeds "by law" will go to the central buddhism fund.  I don't know

Absolutely right, once the correct fingers find there way into the correct pie, we can bet our bottom dollar 55

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16 minutes ago, josephbloggs said:

Er..you were the one making generalisations!  You were saying the Thais "can't resist the money opportunities" so casinos are coming.  I asked you if Thais can't resist these money opportunities why don't we already have casinos?  There is no sign of any imminently either.

No answer from you, just an insult.  Very clever, thanks.  If you do have an answer feel free to reply.

I don't want to jump in, on the other hand, I have a pair of aces. That is, when have you seen money making opportunities being turned down here. I would say its slim to none, and slim has left town 55. Plus, it's been a nice little earner for the boys in brown.

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36 minutes ago, Golden Triangle said:

Well, the top top man, who owns Thai Bioscience ain't doing too well with his vaccines is he, he may need to branch out a bit and open a few casinos, bingo, cash shortage sorted ????????

Cash shortage!!!  Few millennium yet.  Where is he, by the way?

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48 minutes ago, shortstop2 said:

At that point rents will rise with more restrictive rental clauses.

 

There is a general feeling that Thai landlords won't budge on price but I think the supply/demand dynamic is quite important.

 

In my opinion, Thai landlords will have a big influence on Pattaya's immediate future, post covid.  If they get too greedy, too early, then any sort of economic revival here could fail. 

 

For Pattaya to have any chance of of revival, and possibly survival, Thai landlords are going to have to play a role.

   

Edited by Leaver
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1 hour ago, The Hammer2021 said:

Pattaya is currently under strict lockdown and is indeed very quiet. Now is an excellent time to get out. Plan any return to Thailand in terms of 3 to 5 years. 

"back to normal" is estimated to be 2023 now

 

that is if we don't have a new deadly variant showing up in the meantime ????

Edited by GrandPapillon
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2 hours ago, The Hammer2021 said:

Pattaya is currently under strict lockdown and is indeed very quiet. Now is an excellent time to get out. Plan any return to Thailand in terms of 3 to 5 years. 

I'd better say that now is the right moment to buy, if you can wait 2 years until prices rise again.

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11 hours ago, Leaver said:

I agree.  I have said in other posts that Pattaya will bounce back. 

 

What time frame do you put on it?

Doesn't take long.... got a pic today of a pretty full pub in NE England taken Friday night. 

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12 hours ago, Leaver said:

 

I agree.  I have said in other posts that Pattaya will bounce back. 

 

What time frame do you put on it?

 

Some seem to think pre covid Pattaya will be back as soon as borders open.  I would put that as near impossible.  So, for those first back to Pattaya, after borders open, they may be very disappointed at what they find here.  

 

Some think 6 months later, 12 months later, 5 years later.  

 

Somewhere in the timeline of Thailand opening up will be a point in time where coming to Thailand for a holiday, and that includes sex tourists, will actually be worth the time and money, but I can't see it being as soon as the borders open.  

 

Currently, even expats are leaving Pattaya.  

Time frame I dunno like anyone but in Mar 2020 I said businesses should throw in the towel save money rather than a cash burn death, it would have saved them

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