Is it better to buy or rent property in Thailand as an expat?

[1FinickyOne]

On 8/26/2024 at 10:48 AM, Conan The Barbarian said:

I have been planning to buy a condo but wanna know where I can get the best ROI 

renting condos is a business requiring active participation and often problem salving and fixing as well... if you want ROI try the S&P 500... you will be better off in the long run with far less aggravation... 

[edwardflory]

We rent.  I am 79, she is 58.

 

Why should I buy when I RENT a 2BR UNFURNISHED ( she chose furniture) house in KORAT for a average of $128.00USD ( see 3rd paragraph ) monthly in a gated community with friendly neighbors and a great soi dog, 4 major stores and Immigration 15 or less minutes away, a natural fishing lake ( free) 2 minutes away.

 

One 20 minute round trip ( 260bt by grab ) to "downtown" monthly to the bank to transfer monies. We have a electric tricycle for  'local' shopping travel.

 

WIFE owns unfurnished house and farm land in her home village - over 1 1/2 hours, and over the mountains, from any city in the middle of BFE. We also have a condo in BKK area she can sell - we stay there when visiting BKK.

 

When I pass, she has KORAT furniture for her house in BFE, and money from the condo sale along with retirement monies.

 

[scubascuba3]

1 hour ago, edwardflory said:

We rent.  I am 79, she is 58.

 

Why should I buy when I RENT a 2BR UNFURNISHED ( she chose furniture) house in KORAT for a average of $128.00USD ( see 3rd paragraph ) monthly in a gated community with friendly neighbors and a great soi dog, 4 major stores and Immigration 15 or less minutes away, a natural fishing lake ( free) 2 minutes away.

 

One 20 minute round trip ( 260bt by grab ) to "downtown" monthly to the bank to transfer monies. We have a electric tricycle for  'local' shopping travel.

 

WIFE owns unfurnished house and farm land in her home village - over 1 1/2 hours, and over the mountains, from any city in the middle of BFE. We also have a condo in BKK area she can sell - we stay there when visiting BKK.

 

When I pass, she has KORAT furniture for her house in BFE, and money from the condo sale along with retirement monies.

 

At your age pointless buying 

[edwardflory]

"""At your age pointless buying""".  

 

IF a person is over 65, agree with you 100%,

UNLESS

you get married and want to leave a home, assets, $$$ and etc to her.

 

We have 3 homes. 2 of the 3 "we" own. We live in the KORAT rented house because of the LOCATION:

Ease of MY BANKING at the malls, HOSPITALS and LOCAL, near the house SHOPPING and very 'close' to a major city, but away from the noise.

 

In her home village, there are basically 2 mom & pop stores - NO Petro ( gas ) station, street lights or 'junk' food delivery.

 

Amen!!

[Justanotherone]

4 hours ago, 1FinickyOne said:

renting condos is a business requiring active participation and often problem salving and fixing as well... if you want ROI try the S&P 500... you will be better off in the long run with far less aggravation... 

 

 

might be in a big surprise this year when it drops 60-70% as predicted by some 'professionals' that saw 2008 before it happened

[crazykopite]

I rented for four years before taking the plunge to buy still here 20 years later !

[newbee2022]

On 8/26/2024 at 10:48 AM, Conan The Barbarian said:

I have been planning to buy a condo but wanna know where I can get the best ROI 

ROI??? I doubt it. Better save your money and invest eg in Doge coins🤣

[newnative]

3 hours ago, edwardflory said:

We rent.  I am 79, she is 58.

 

Why should I buy when I RENT a 2BR UNFURNISHED ( she chose furniture) house in KORAT for a average of $128.00USD ( see 3rd paragraph ) monthly in a gated community with friendly neighbors and a great soi dog, 4 major stores and Immigration 15 or less minutes away, a natural fishing lake ( free) 2 minutes away.

 

One 20 minute round trip ( 260bt by grab ) to "downtown" monthly to the bank to transfer monies. We have a electric tricycle for  'local' shopping travel.

 

WIFE owns unfurnished house and farm land in her home village - over 1 1/2 hours, and over the mountains, from any city in the middle of BFE. We also have a condo in BKK area she can sell - we stay there when visiting BKK.

 

When I pass, she has KORAT furniture for her house in BFE, and money from the condo sale along with retirement monies.

 

   'We rent', you say.  But, then you say, 'We also have a condo in BKK area she can sell'.  So, actually, you rent but you and your wife also own property here.  Which, I think, is a good thing because, as you also say, when you pass your wife has the option of selling the condo and getting some 'money from the condo sale'.  Same with me.  When I pass my spouse will also have property we own here--to use for himself or to sell should he need the money.  

[Suitcase]

On 8/26/2024 at 7:14 PM, steven100 said:

 

does 400+  include the cockroaches & bedbugs or are they extra  ? 

Outside of Bangkok there are hundreds of brand new hotels that rent for 500 to 700 per night

[steven100]

1 hour ago, crazykopite said:

I rented for four years before taking the plunge to buy still here 20 years later !

sorry for your loss ....  one can only research so much I guess

[steven100]

5 hours ago, edwardflory said:

and a great soi dog

 

you lost me at this point 

[black tabby12345]

Renting is far more stress free.

It also gives you more freedom.

What if you may got tired of here(for some reasons) in any future?

If you are just paying month to month, you can move as soon as you change your mind.

 

But once you buy one, it will make a shackle of your life.

It simply creates more otherwise needless concerns.