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Maintenace task around 10pm tonight for about 15 mins. Apologise for any inconvenience
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85
Foreign man flees after sexually assaulting Thai woman in condo lift - video
Thanks. Wow, it is rare and nice to see follow up news to an incident. -
95
Should I buy a condo or rent?
Land prices under appartement building in central areas can be quite high, in Bangkok a million baht or more per square Wah (4 square meters); so, land still has a value. Some appartement buildings are however raised on 30-year leased land – around 1.300 hectares (3.200 acres) in Bangkok is leased land – where around 25 years are left for rental income after the construction is finished. So just to get the money and the land-lease payment back you need 4% percent – 100/25 = 4 – and on top of that, maintenance costs, capital interest, and gain/profit. So, that's also why the 8% to 12% of invested capital, as the professionel investors I know use as rent, makes sense in property business. A quote: "The amount of rent you charge your tenants should be a percentage of your home’s market value. Typically, the rents that landlords charge fall between 0.8% and 1.1% of the home’s value. For example, for a home valued at $250,000, a landlord could charge between $2,000 and $2,750 each month." Source link HERE. And I'm talking about percentage of property-investor's construction price. Later asking-for retail prices are often too high and often finally re-sold with some level of discount. Using re-sale price as calculation gives you a wrong "picture", as the rental-percentage seems lower. Re-sale asking price on newer build appartements can be 35% or more over market price, which also can be higher the actual construction costs, as a developer will add some markup margin if building condos for sale. If you read my original post to OP's question, I gave an indication of what rental-level to look at, for a similar condo, which was in the level around 30k baht a month. Others commented about the same price level. Then I suggested to do a calculation compared with OP's investment in buying a conde for little more than 4 million baht. OP didn't mentioned any details, so it's not known if it's a newbuilt condo or an older one on re-sale. When you own a condo you still have monthly fees to pay and the need to be included in the rental calculation, same with your loss of interest on the invested capital. You might find appartements for lower percentage rent compared with re-sale asking price, and that might be great value for money rather than buying a condo yourself. If OP can find something similar that OP likes for a lower price than calculated, then it might be better value to rent than buy, depending of the long-term time factor for gain as owner, which could be 15-25 years; or even longer. The basics of professional business investment is to make money, and that's what I talking about, when I mention the calculation of 8% to 12%; which actually is the one used base in property business; even that you can find cheaper examples. -
52
Swedish Tourist Robbed of Over 40,000 Baht After Heavy Drinking in Pattaya
Sleeze capital strikes again -
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29
Deadly Forecast: How Climate Change Could Claim 30 Million Lives by 2100
Ok. some data. CO2 levels have risen by about 60 ppm in the last 25 years, or about 17%. At the current rate, that means 600 ppm by 2100 and 1000 ppm ppm before 2200. At 1,000 ppm breathing starts getting difficult and strenuous activity becomes difficult. Methane (CH4) - the second greatest cause of warming - this tends to increase somewhat erratically - average of about 10 ppb per year, but sometimes goes down, or up by as much as 20 ppb. At the beginning of this millennium , it hardly changed over 5 years but then shot up again. 40% of methane comes from natural sources (typically wetlands) and 60% is caused by man. Agriculture is responsible for 50% of man made methane, but in reality reducing such emissions is problematic - lower productivity and if land is returned to nature it would still emit some methane, The main non-agricultural source is fossil fuel extraction - and fracking is a big source. The Obama administration made cutting methane releases a legal requirement, but the fossil fuel industry in USA objected - and legal requirements were reduced or scrapped under Trump. Fracking and lack of methane emission controls may be behind the current surge. Finally, the genie in the bottle - methane release from frozen Tundra and methane clathrate could rise rapidly as the arctic warms up. If all the methane was released, we would see temperatures rocket to levels which would cause a global extinction event (think Permian extinction). Climate change (i.e. weather). The world is already experiencing more extreme weather events - category 5 Hurricanes, more intense rainfall (Spain recently experienced this, over 200 people dead and massive damage to infrastructure), droughts and heatwaves. This will damage agriculture, infrastructure and cost lives. These events are already causing billions of dollars in losses every year, maybe one trillion will be peanuts in the future. So no complacency please. Sea level rise - ok, only about 3 mm a year - doesn't sound like much. As water warms it expands, and of course ice sheets and glaciers melt faster. But slowly it increases rates of coastal erosion - we need more coast defences, or managed retreat - both cost money. These are just direct effects. The synergy between the different elements may cause unexpected, or shall we say undesired outcomes - mass migration, war, new or growing disease outbreaks. -
16
Cocoa powder (for drinking)
Here Dutch processed cocoa is always chosen because of its cheap price. It ends up in sweet cocoa or some kind of DIY chocolate sweet. Rather predictably, our members, as evidenced from similar threads in the past, think of chocolate as a candy for their sweet tooth. But “Dutched” Cocoa. Alkali-processed cocoa, commonly known as dutched cocoa, is not as healthy as regular cocoa powder. Dutched cocoa can have as little as half the phytonutrients of regular cocoa, but that just means you have to use twice as much to get a rich, chocolatey flavor. --https://nutritionfacts.org/topics/cocoa/ Difficult to find natural cocoa in Thailand. Herhey's Natural is about it, and you get what you pay for. You can find it at Foodland or on Lazada. I buy it from Lazada because some vendors are a bit cheaper than Foodland. -
24
Trump Praises Agreement with Mexico’s New President to Curb Migration
Why not just add the X links so we can all read it ourselves, rather than someone elses version -
52
Swedish Tourist Robbed of Over 40,000 Baht After Heavy Drinking in Pattaya
Man, people who like to drink on holiday mostly do so at various bars, pubs etc. Especially if one flies half way round the world, what is the point of only drinking at your hotel? People should use common sense and leave their expensive jewelry in their home countries (or inside the hotel safe, at least when going out drinking). And, of course, it is best not to have a lot of cash when on a boozy night out. In this case, the guy apparently actually didn't have a lot of cash with him. The not-so-cheap ring's gone though.
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