This is bull crap. The problem is that developers have put up a huge number of ridiculously expensive condos and now can't unload them. Look at Sinhorn Lumpini. A 2-bedroom condo goes for 180,000 baht a month. How about buying a condo at The Embassy on Wireless Road? That will only set you back over 8 mllion for a 35 sqm. condo. Too small? Don't worry, upgrade to 46 sqm for just 14 million. It's scandalous what they're been allowed to do. And since Thais can't afford them, you have to change the law to attract those "rich" Chinese who have already lost a bundle in the real estate crash over there. Another problem is that these luxury developments drive up prices all through the food chain. I get pissed off just thinking about it.
Very true - except if you want a condo that's already over 49% owned by foreigners. To dig into Thai quota, you do. Technically you also don't need it for a house - you can own a house. Just not land under it.
Right. She discloses every trade by her or her husband. It's transparent. Anyone is free to buy the same shares. Anyone is also free to complain to the SEC.
You are welcome to try to use this information for posting your usual baseless claims! 😀
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