how do you invest now when there is a gloomy inflation already started?

[DBath]

On 8/2/2022 at 5:29 PM, BigStar said:

The good news is that those waiting 25 years already for the prices of Royal Garden Cliff condos to colappse will be happy to learn that in only 5 more years they can pick up one for mere satang on the baht. ???? Can you hold your breath? Somebody go get the Imminent Collapse report.

 

How long is a piece of string?

 

We’re all still strong believers in the AN/TVF Mausoleum Principle: unlike in other countries,

 

a Thai(land) construction/development/business establishment must last eternally, like the Great Pyramids, maintenance-free.

 

So it’s been seriously wondered why Thais can’t build roads like Romans. Why does this country’s roads have potholes, unlike those in the UK? Thais!

 

Well, I think we can all rest easy now that they probably won’t fall until the year 3000, certainly beyond any of our lifetimes, so again it’s a good time to buy.

 

Why? AN (TVF) predictions are excellent reverse indicators. A recent prediction that the old Tops building would be a casino was how we knew it would most definitely NOT be a casino. But besides the portentous Economic, Financial, and Market Forecasts, we have such in Construction Engineering as well.

 

Some of our Engineers still wait for the predicted collapse of the Central Festival mall. And we have a few in the closet still eagerly anticipating the flooding of the Tunnel. One has confessed to the comforting thought that it WILL flood whenever a typhoon hits Pattaya. Which could happen just any day now. Another has vowed to watch forever for land subsidence and the collapse of businesses near the Tunnel. Waiting, waiting . . . . A forum prediction never expires, ever.

 

It’s good that we still have some still around to stir the pot. Sadly, you see, the ranks of our ace Construction Engineers were decimated after the first big rain following the completion of the Tunnel, that complete bodge job.

 

The horrendous disillusionment and disappointment proved too much for many to bear. A Known Certainty demolished; worse, a basic principle of Forum Construction Engineering--

 

water naturally flows uphill, not downhill (hence into, not away from, the Tunnel)

 

--shown the usual utter nonsense. And all the bigotry against Thais, too stupid to build a tunnel (never mind Chiang Mai) shown for what it is. Not that this mattered in the slightest, of course.

 

For days you could hardly walk around Soi Buakhao without hearing the thud of another Bigot Engineer hitting the ground nearby after jumping from a balcony. It was like the ending of a Doomsday Cult but without the promise of redemption.
 

I'm sorry, but your posts are way too <deleted> long and too cryptic, I was following you for a bit, but have long since lost interest.

[Captain Monday]

On 7/27/2022 at 12:26 AM, BigStar said:

Nobody told you, OMG. And your lifestyle interrupted for 10 months. SO sad.???? And your business, destroyed? How much time in ICU, where a friend of mine died of COVID? He had taped a "Do Not Resuscitate" notice to the side of his bed.

 

That interruption will last a bit longer than 10 months.

 

Me, I've never invested in Thailand. I only buy to consume and enjoy. I lack the expertise, as do most expats, no matter their pretensions.

 

If you know what you're doing, as @newnative and his partner do, and are willing to work hard, then you can make some good money. I know a Belgian engineer who owned a small factory employing Thai workers. Now that was a real challenge. Speaks fluent Thai, conducted his own sales presentations, made a pile and sold to a large Japanese company. Super guy, smart, calm, patient, resilient. Deserved his high return.

 

Otherwise, you may end up like these idiots:

 

Pattaya residents and expats accuse bank manager of fraud, hold protest

 

Around 50 to 100 Thais and foreigners in Pattaya held a protest last Friday accusing the assistant manager of a local Kasikorn Bank branch of scamming them out of more than 300 million baht. A report was filed back in February accusing the assistant bank manager of defrauding people out of millions of baht, for some it was their life savings, by promising high returns for investments.

     --https://thethaiger.com/news/other-news/pattaya-residents-and-expats-accuse-bank-manager-of-fraud-hold-protest

 

For the average naif, I suggest only buying a property that will become your home--if want your own place. And that only after due diligence.

 

I haven't yet seen a need for the requisite Plan B yet as I still enjoy my life in Pattaya. It's been smooth sailing for decades. Posters, usually renters, promoting Plan Bs are mostly paranoid and disgruntled, even already plagued by hellish brain-eating Whither Thailand? and Whither Pattaya? space monkeys.

 

Now one can try this remedy:

 

 

I recommended this solution to one of our stricken members and, incredibly, he's made some progress.

 

But most find the only remedy is to leave. Find happiness elsewhere and so improve the signal/noise ratio on the forum. Expats who return to Blighty are all just happy as clams and no longer inundate the forum with whinges.

 

Bug out bag, hmmm.

 

Now, no thread daring suggest the mere possibility of buying property in Thailand is complete without mentioning the classic, shrewd, street-smart AN (TVF) Poster Three Primal Laws Of Survival In Thailand. They've been formulated from countless disasters over the many years wherein expats have lost their ENTIRE LIFE SAVINGS--never less.

 

1. Never invest in anything you aren't ready to lose;

2. Never own more than you can carry with you;

3. Keep your suitcase packed at all times.

 

You got to be ready to head for exits at just any moment before you lose everything,

 

Quoting one or more of the Laws gives you ten (+10) instant points of posting cred from renting brigade. Looks like you hit #1 and were close on #3, bingo.

It is said nobody reads long posts but I do and enjoy. I heard the LAWS quoted this way the first time in BKK from someone on a barstool. Geezer probably read them off a wall in a toilet. A whole list of these used to be posted at SPICY.

• Never get into a fight altercation  with a Thai male because no matter what you'll lose
• Never purchase a home to be registered in a Thai womans name
• Do not open a business 

All complete nonsense to single out Thailand could be said of any country. The only fights I saw here were between drunk aggressive foreigners.  And then Thai college girls outside of pubs. Thai lady/foreigner marriages I know of very successful. The exceptions  completely the fault of the foreign mans philandering or abuse. Imagine a hipster teacher bringing a Thai woman back to Portlandia  his plan for the perfect Asian housewife while  keeps on banging every woman in Yoga class as if nothing would go wrong?  

 

[sandyf]

On 7/26/2022 at 12:44 AM, BritManToo said:

Depends on your age.

If you're 60+, probably not much point in buying anything.

Then you need to think carefully about buying a home in a county where you have no right to reside.

Residency is no more of a risk than any other investment.

I was 62 when I built my own home, cost 900K to build and probably spent around a further 300K over the years.

I have lived in it over 12 years now so it doesn't owe me anything and something for the wife to sell when I pass through the chimney.

[BritManToo]

1 hour ago, sandyf said:

Residency is no more of a risk than any other investment.

I don't invest, I'm more concerned about losing my money. If you need to invest at our ages, you either failed to make enough money in your life, or you're foolishly greedy. 

Edited August 12, 2022 by BritManToo

[metisdead]

A post with insulting comments to other members and the replies have been removed.

 

Some troll posts off topic posts and the replies have been removed.

 

2. Do not post off-topic responses in an attempt to hijack the thread.

[sandyf]

22 hours ago, BritManToo said:

I don't invest, I'm more concerned about losing my money. If you need to invest at our ages, you either failed to make enough money in your life, or you're foolishly greedy. 

You at risk of losing your money every time you spend it. 

Investing, is just a sophisticated term for spending, profit comes in a multitude of guises.