So, you would pay 6% interest in mortgage for a 5% return before expenses?
"Thumb rule" is average 10% in Thailand, then it can be lower of higher depending om location, market and terms.
Yep. It was dead before then, but now it's super gentrified and backpacking in general is out of trend due to covid + higher cost of living + social media driving flashpacking/luxury over budget.
You also don't need "hub" streets as much anymore with the pervasiveness of internet and phones. Now everyone has unlimited info on a country or city before they arrive. They can book a room online super easy on Agoda or with AirBnB. It's not like before where you would fly into a country/city and not know where to go or what to do and then just go to the "hub" area with the other travelers.
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