Should I buy a condo or rent?

[Celsius]

Just now, bbi1 said:

Does a landlord usually pay for aircon cleaning or is this something the tenant pays for usually?

 

Landlord. My wife also paid for it when she was renting out her condo 

[transam]

21 hours ago, G_Money said:

How long is a piece of string?

 

No perfect answer for your question.  Each person’s situation is different.

 

For me renting is the answer in Thailand.  Owning only in the USA.

 

For whatever reason being able to grab my passport and walk away on short notice if needed.  PRICELESS!

 

Even forfeiting my Vespa 150 and my wardrobe.

Oh, you rent your 'luxury' flat, not yours then...........

[proton]

We would have to see some pics or know where it is and how big. 

[transam]

If you are going to live in it till you pop off, and have the cash, perhaps buy, if you're not sure about the future or area, might be best to rent, but, renting is money down the drain.

 

Saying that, my chum has a flat in Jomtien, his main residence is up country near me, he is not going to be with us much longer, been trying to sell it for a couple of years, with no luck...🤕

[Johno57]

21 hours ago, BKKKevin said:

Right now a 10 year US Treasuries give you a 4.5% return…

That translates to about 15,000 baht/month for your $125k…

My bet is any ~$4 million baht condo you find to buy will rent for less than 15,000 baht/month…

A 4 million baht condo would rent for about 20-28 thousand baht per month depending on location, age of building & furniture plus length of lease... and if not owned  there would be no capital gains when resale..

Edited 12 hours ago by Johno57

[Celsius]

9 minutes ago, Johno57 said:

A 4 million baht condo would rent for about 20-28 thousand baht per month depending on location, age of building & furniture plus length of lease... and if not owned  there would be no capital gains when resale..

 

Everything you wrote is wrong. How did you manage?

[mokwit]

54 minutes ago, bbi1 said:

Does a landlord usually pay for aircon cleaning or is this something the tenant pays for usually?

It varies, but personally if a landlord were making me pay extra to clean the aircon I would feel entitled to take it with me at the end of the tenancy.

[Skeptic7]

Rent

[john donson]

you are all so lucky

 

my home country's best bank interest is 2.5% minus taxes off course...

 

it was 0.01% for a decade after 2008

 

sadly have no connections there anymore... my money is stuck here in 2% and going down thai banks...

 

buy stock ? sp500 in usa and pay the nice world wide income tax on it

 

reading that USA stocks are highly over evaluated and a bubble is the only way to normalcy, again

[cowboys2008]

 

[cowboys2008]

After reading all the comments and watching the above video, I decided to rent. Thanks for all the comments and advice.

[Gottfrid]

7 hours ago, Albo said:

 

I guess it depends on understanding the value of things in the world 😉

Yeah, or it might just come down to something very simple. That you have enough money to move abroad. Most of the member on this forum, just don´t have that. Living on the edge and counting every baht. Sick way of enjoying retirement.

[JimTripper]

You will probably end up wanting to move around, so rent.

[scubascuba3]

Rents and purchase prices have increased dramatically since covid, back then people were still talking about those prices going down