I remember reading an article which said there are 1.6mn unoccupied homes in Thailand...800,000 houses and 800,000 condo units. My wife finally sold (at a loss) a house she bought more than nine years ago and still has a condo which she bought 10 years ago and which has never been rented out or lived in. I suspect there are many people like that, thinking they could make money by either renting out their properties or flipping them. In the end, they do neither and the properties just sit empty for years and years.
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