Popular Post thaibeachlovers Posted February 16, 2022 Popular Post Share Posted February 16, 2022 1 hour ago, spidermike007 said: Even the mention of the market in the US reeks of desperation. That market is going to collapse like a house of cards, within the next year or two. Just like it has done every 15 years or so, since who knows when. I'm waiting for the screams from the "property investors" in NZ once reality ( and inflation forces interest rate rises ) sets in. Property has become out of reach for all but the rich and all bubbles burst eventually. 2 1 Link to comment Share on other sites More sharing options...
tonray Posted February 16, 2022 Share Posted February 16, 2022 Well...I have been planning a major garden renovation...(just too lazy to go out and buy the bricks and mortar) 2 Link to comment Share on other sites More sharing options...
Popular Post BritManToo Posted February 16, 2022 Popular Post Share Posted February 16, 2022 2 hours ago, ChrisY1 said: Regardless the negative comments on ownership in Thailand, there is always the sense of security and comfort of living in your own place...whether a humble condo or massive home. How secure can you feel, when you bought in a country where you have no right to reside? 6 1 Link to comment Share on other sites More sharing options...
Peterw42 Posted February 16, 2022 Share Posted February 16, 2022 4 hours ago, LarrySR said: How long do reinforced concrete towers last? A 12 story condo in Florida collapsed last year, crushing 100 occupants. Apparently there was bad design, construction shortcuts, corrupt city officials, greedy developer, crappy maintenance.....that would never happen in Thailand, right? I predict the towers built in the 1990s will start to be condemned or collapse before their 40th birthday. You may be right, but dont forget there are concrete buildings in Rome that are literally thousands of years old, google Pantheon Pantheon concrete, Built in Rome in the 2nd century AD, the Pantheon is a massive concrete building 1 Link to comment Share on other sites More sharing options...
Enzian Posted February 16, 2022 Share Posted February 16, 2022 5 minutes ago, Peterw42 said: You may be right, but dont forget there are concrete buildings in Rome that are literally thousands of years old, google Pantheon Yes there are Roman buildings and bridges that are still standing-I love the Pantheon-but just reflect on what might be the penalty for faulty design or construction: for the engineer or contractor it would not be pretty, and they would be lucky if it were quick. Link to comment Share on other sites More sharing options...
ezzra Posted February 16, 2022 Share Posted February 16, 2022 I have this very lovely 2 dr condo in mid Sukhumvit reasonable priced up for sale for 6 months and i get are tire kickers, my agents saying there are buyers but for the lower priced units... Link to comment Share on other sites More sharing options...
Popular Post spidermike007 Posted February 16, 2022 Popular Post Share Posted February 16, 2022 1 hour ago, jerrymahoney said: A friend for all occasions. If I posted about my trip down the Lower Zambezi River, some would come on here to post "I have a friend who just took a trip down the Lower Zambezi River and he said ..." We hope and pray, that occasionally your posts will actually contain some content, that is relevant to something. 3 Link to comment Share on other sites More sharing options...
pedro01 Posted February 16, 2022 Share Posted February 16, 2022 How is this news? Its a puff piece for a real estate compant, right? All asset classes are in a bubble right now. Its a poor time to invest in anything. 1 Link to comment Share on other sites More sharing options...
Popular Post Henryford Posted February 16, 2022 Popular Post Share Posted February 16, 2022 Buying property in Thailand is not an investment. I bought 16 years ago and would be lucky to get now what i paid for it. BUT it's good if you just want somewhere to live and not pay rent for life. 4 Link to comment Share on other sites More sharing options...
Popular Post Cherrytreeview Posted February 16, 2022 Popular Post Share Posted February 16, 2022 1 minute ago, Henryford said: Buying property in Thailand is not an investment. I bought 16 years ago and would be lucky to get now what i paid for it. BUT it's good if you just want somewhere to live and not pay rent for life. What would be better is to rent out your own property in your home country, rent in Thailand, make a substantial capital gain and also have a nest to fly home to if you so wish. Gives you an inflation linked real asset and a whole lot of options. 2 1 Link to comment Share on other sites More sharing options...
JBChiangRai Posted February 16, 2022 Share Posted February 16, 2022 My family's real estate development company have boomed in covid times. In terms of rental properties there is very little rental stock in Chiang Rai and what there is, is mostly horrible, prices have not dropped for decent rental properties here at all. Regarding sales, you can tell immediately looking at a property whether it will sell, and most won't sell in a decade or more, not only must it be well presented but location is really important. The good real estate agents push what they know will sell, agents need to be pro-active and show a customer not what he asks for but what he needs and will actually buy. For example, a customer may ask for a single storey home with 5 bedrooms, a good agent will ask why single storey? why 5 bedrooms? The answer could well be single storey because the buyer is worried about getting old, 5 bedrooms may be because he needs 3 bedrooms and 2 offices. If the right questions aren't asked then a multiple storey home with elevator and 2 offices would be overlooked by the poor agent and a good agent will close the sale. We had a sale where an agent rented a house to a customer who comes to Thailand for 6 months of the year. She didn't KYC, she didn't know their long term aim was to buy somewhere. Another pro-active agent did ask the right questions, did some sums and demonstrated it was cheaper to buy one of our new houses in the long term and they sold them one of our 3 bedroom houses. When I told the first agent who rented them the original house, she said I was mistaken because her customer wasn't in the market to buy. She lost a rental customer and lost the sale on our house which she also had listed. All because she processed enquiries, wasn't pro-active and didn't understand her customers real needs. It's like the old job interview trick where the interviewer says "Sell me this pen?". What he's looking for is questions to qualify what he uses to write with, what problems he has with what he currently uses, what he needs, and then match his product, the pen, to those needs. There's a saying in sales "Two ears, one mouth, use them in proportion". if you don't understand what your customer really needs, you'll do a poor job and more than likely lose the sale or at best sell them something they will regret and blame you for later. I have a story about one of those too, a friend came to a party at one of my houses and said "Why didn't my agent show me this? it's exactly what I wanted", it's the same agent btw. I suspect the big agents here have a founder who knows what he's doing and sales agents who are mostly clueless. I also predict boom times coming when the country opens up. 1 1 Link to comment Share on other sites More sharing options...
newnative Posted February 16, 2022 Share Posted February 16, 2022 4 minutes ago, spidermike007 said: We hope and pray, that occasionally your posts will actually contain some content, that is relevant to something. We hope and pray. that occasionally your posts will actually contain some concrete data that is relevant to something you are claiming. But, it's always, a friend of a friend said... Or, I know a friend and he told me... Or, I talked to so and so and he claims... And, plenty from you, too. Still waiting for you to back up your claim that '...likely less than 50 wealthy Chinese came to Thailand in 2019'. Really? With nearly 11 million Chinese visitors that year? Link to comment Share on other sites More sharing options...
Orinoco Posted February 16, 2022 Share Posted February 16, 2022 15 minutes ago, JBChiangRai said: I also predict boom times coming when the country opens up. Nah Only boom boom times to be had in Thailand. 1 Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted February 16, 2022 Popular Post Share Posted February 16, 2022 (edited) 4 hours ago, ChrisY1 said: Regardless the negative comments on ownership in Thailand, there is always the sense of security and comfort of living in your own place...whether a humble condo or massive home. I can't see anyone 'single' feeling security in their 'own' Thai home forever, one way or another you can be on borrowed time and have to leave - even if they just add a mad insurance once you hit 70-80 and the premiums make life impossible or some other new bureaucratic nonsense. I'm ok about putting a house in my wife or daughters name and live here for another 20-30 years and daughter to live later in it, I have a house in the UK worst case scenario - unlike many selling up and buying here. Do it at your own risk.. Edited February 16, 2022 by RichardColeman 3 Link to comment Share on other sites More sharing options...
jerrymahoney Posted February 16, 2022 Share Posted February 16, 2022 (edited) 1 hour ago, spidermike007 said: We hope and pray, that occasionally your posts will actually contain some content, that is relevant to something. Thanks -- I have a friend whose posts are always relevant to something. Maybe next time he can help me out. Edited February 16, 2022 by jerrymahoney 1 2 Link to comment Share on other sites More sharing options...
Popular Post Cherrytreeview Posted February 16, 2022 Popular Post Share Posted February 16, 2022 38 minutes ago, JBChiangRai said: My family's real estate development company have boomed in covid times. In terms of rental properties there is very little rental stock in Chiang Rai and what there is, is mostly horrible, prices have not dropped for decent rental properties here at all. Regarding sales, you can tell immediately looking at a property whether it will sell, and most won't sell in a decade or more, not only must it be well presented but location is really important. The good real estate agents push what they know will sell, agents need to be pro-active and show a customer not what he asks for but what he needs and will actually buy. For example, a customer may ask for a single storey home with 5 bedrooms, a good agent will ask why single storey? why 5 bedrooms? The answer could well be single storey because the buyer is worried about getting old, 5 bedrooms may be because he needs 3 bedrooms and 2 offices. If the right questions aren't asked then a multiple storey home with elevator and 2 offices would be overlooked by the poor agent and a good agent will close the sale. We had a sale where an agent rented a house to a customer who comes to Thailand for 6 months of the year. She didn't KYC, she didn't know their long term aim was to buy somewhere. Another pro-active agent did ask the right questions, did some sums and demonstrated it was cheaper to buy one of our new houses in the long term and they sold them one of our 3 bedroom houses. When I told the first agent who rented them the original house, she said I was mistaken because her customer wasn't in the market to buy. She lost a rental customer and lost the sale on our house which she also had listed. All because she processed enquiries, wasn't pro-active and didn't understand her customers real needs. It's like the old job interview trick where the interviewer says "Sell me this pen?". What he's looking for is questions to qualify what he uses to write with, what problems he has with what he currently uses, what he needs, and then match his product, the pen, to those needs. There's a saying in sales "Two ears, one mouth, use them in proportion". if you don't understand what your customer really needs, you'll do a poor job and more than likely lose the sale or at best sell them something they will regret and blame you for later. I have a story about one of those too, a friend came to a party at one of my houses and said "Why didn't my agent show me this? it's exactly what I wanted", it's the same agent btw. I suspect the big agents here have a founder who knows what he's doing and sales agents who are mostly clueless. I also predict boom times coming when the country opens up. It's going take some "boom" times to shift the excess stock in Bangkok and Pattaya. I think most people, apart from the money laundering Chinese, will be keeping assets at home and renting abroad. You don't own anything in Thailand and are only living there on an extension visa. Thanks for sharing your knowledge of the Chang Rai real estate scene. What relevance it has to the overbuilt condo towers of Bangkok and Pattaya is beyond me. Having just watched a recent video of a Pattaya agent saying that a 3 million baht condo could achieve 20,000 to 30,000 monthly baht rent, i have a healthy scepticism for the Thai real estate market. Think i'll stick with my simple plan to double my money in the UK market over a couple of decades and strip out a healthy rental income in the process. 5 Link to comment Share on other sites More sharing options...
Popular Post Henryford Posted February 16, 2022 Popular Post Share Posted February 16, 2022 1 hour ago, Cherrytreeview said: What would be better is to rent out your own property in your home country, rent in Thailand, make a substantial capital gain and also have a nest to fly home to if you so wish. Gives you an inflation linked real asset and a whole lot of options. Except i bought in Thailand for 50,000 GBP. Couldn't buy much in the UK for that. 3 Link to comment Share on other sites More sharing options...
chilly07 Posted February 16, 2022 Share Posted February 16, 2022 If you want to invest in property do so in the UK where prices continue to boom due to Foreign investors (Russian and Chinese Oligarchs) especially in London. A 3m bht house in Thailand would be worth 20m in London . 6m bht would only get you a 2up 2 down in the Welsh valleys. The answer to Thailands property black hole is to allow full foreign ownership. Until then there will continue to be empty high rises and constant slump of sale and rental values! Link to comment Share on other sites More sharing options...
Popular Post BritManToo Posted February 16, 2022 Popular Post Share Posted February 16, 2022 (edited) 42 minutes ago, Cherrytreeview said: Think i'll stick with my simple plan to double my money in the UK market over a couple of decades and strip out a healthy rental income in the process. As an old guy there isn't much point in buying anything, anywhere. Gotta laugh at all the old guys buying a home to last them the next 30 years. My simple plan is to spend my pension every month, until I'm dead. Edited February 16, 2022 by BritManToo 5 Link to comment Share on other sites More sharing options...
Marvest Posted February 16, 2022 Share Posted February 16, 2022 I'm bullish! I see a lot of pessimism. That's the best time to buy, when there is blood in the streets. Those that say it is a bad time to buy because rents are low are mistaken. This is the best time to buy. Say you will save a lot on a low long-term lease? Compare that to lost appreciation. 'Skyrocketing' construction costs? That too will only boost appreciation. I like quality income properties in areas depressed by tourism. Don't worry about income today, expect double to triple the value in five to ten years' time. The risk is capital gains tax, exchange rate (if you hope to convert), and the possibility of new property taxes. 1 2 Link to comment Share on other sites More sharing options...
KhunLA Posted February 16, 2022 Share Posted February 16, 2022 7 hours ago, ThailandRyan said: Until there is a true Real-estate board or commission and prices are done on comparative size and location as far as a truthful appraisal it is a total feces show in LOS. Land office will give you the appraised value of any purchase, land and or house. Land, exact appraisal, house, exact also, I think, but will advise what you should be paying per m². Personally I haven't and wouldn't pay more, and so far, haven't needed to. Although I've sold at much higher than the appraised rate. Everything is worth what someone is willing to pay for it. Haven't wanted anything that bad, worth paying silly prices for, aside from new vehicles here, as silly priced, but MSRP, so can't argue, unless full up options and only then can you bargain down from that silly price. 1 Link to comment Share on other sites More sharing options...
mogandave Posted February 16, 2022 Share Posted February 16, 2022 Well that certainly reads like “expert” analysis, dude no doubt has an advanced degree… 2 Link to comment Share on other sites More sharing options...
PJ71 Posted February 16, 2022 Share Posted February 16, 2022 7 hours ago, LarrySR said: A 12 story condo in Florida collapsed last year How many million of condo blocks in the world? One collapse it a tiny % of failure. 1 Link to comment Share on other sites More sharing options...
Popular Post DefaultName Posted February 16, 2022 Popular Post Share Posted February 16, 2022 Buy to live in, yes. Buy to invest? Only if you can afford to walk away. Invest at home, not here, where most of the common practices and rules are against you. 3 Link to comment Share on other sites More sharing options...
Sparktrader Posted February 16, 2022 Share Posted February 16, 2022 4 hours ago, spidermike007 said: He looked at condos in Jomtien. He walked into one of the nicest towers, looked at a 36th floor unit with panoramic views, and when he was quoted 28,000 a month, he offered 10,000. They settled on 13,000. He said the agent more or less admitted the building was nearly empty, and they could not rent to sell anything, at this time. Nice bargaining. 13k on 36 floor deal. 1 Link to comment Share on other sites More sharing options...
Sparktrader Posted February 16, 2022 Share Posted February 16, 2022 30 minutes ago, Marvest said: I'm bullish! I see a lot of pessimism. That's the best time to buy, when there is blood in the streets. Those that say it is a bad time to buy because rents are low are mistaken. This is the best time to buy. Say you will save a lot on a low long-term lease? Compare that to lost appreciation. 'Skyrocketing' construction costs? That too will only boost appreciation. I like quality income properties in areas depressed by tourism. Don't worry about income today, expect double to triple the value in five to ten years' time. The risk is capital gains tax, exchange rate (if you hope to convert), and the possibility of new property taxes. Rent 13,000 Invest the rest in shares and bitcoin. You reckon thai units beat bitcoin? Link to comment Share on other sites More sharing options...
Marvest Posted February 16, 2022 Share Posted February 16, 2022 (edited) 16 minutes ago, Sparktrader said: Rent 13,000 Invest the rest in shares and bitcoin. You reckon thai units beat bitcoin? I don't know. I believe owning Thai property will outpace renting in the years to come. But I don't know if Bitcoin will do better. I suspect maybe so. I'm long in Bitcoin too. Diversify! Edited February 16, 2022 by Marvest Link to comment Share on other sites More sharing options...
Popular Post TheScience Posted February 16, 2022 Popular Post Share Posted February 16, 2022 This really needs a tag at the bottom: This advertisment paid for by..... ========== Not time yet. Not even close. 1 2 Link to comment Share on other sites More sharing options...
ramrod711 Posted February 16, 2022 Share Posted February 16, 2022 Sold 2 homes, and the only thing making a 'profit' was the appreciation of the land they sat on. Brick & mortar part, simply breaking even on that part of the ROI, and the land was the money maker. Not very interested in buying someone else's dream home. Find land in a good location, with a good view and a reasonable price. My Thai wife was interested in buying some land, we looked at many locations in our area and purchased a reasonably priced property, with a stunning view outside Chiang Mai for 400,000 baht about ten year ago. she has had offers of 2,000,000 baht for it. Unfortunately, you have to be willing to sell at the right price. She wants to keep it. For what, we will never build on it, sell and buy a revenue property I say. 1 Link to comment Share on other sites More sharing options...
TropicalGuy Posted February 16, 2022 Share Posted February 16, 2022 “ Analysts say” recalls “ ancient alien astronaut theorists say….” (NatGeo). Only matters what they can PROVE???? Link to comment Share on other sites More sharing options...
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