Should I buy a condo or rent?

[Hummin]

8 years ago I was looking for appartment around 8 million, but there was so many fouls or details I found that constantly put me off from finalize a buy. Insted we escaped the ity during covid, and built a small farm for less than a quarter of the price I was willing to invest. Now I have other plans than staying in Thaland for the next 10- 15 years and happy I did not invest. 

 

My idea when building in Isaan was intil last spring, was to stay in Isaan to I was around 70, but as we go, e make new experiences, and we tend to make new decisions, or with we could. 

 

Most important, do not invest more than you are willing to leave behind you, there is thousands of prospects available for sale, while some moving faster than others, others do not sell att all, and even worse, very fee is willing to pay marked price to rent.

Edited 12 hours ago by Hummin

[ChipButty]

We bought a condo 8 years ago here in Phuket and paid 5.9 million baht, I would be lucky to get my money back, the only saving grace it has been a superb rental unit,

The property is still in good condition the management do a good job of taking care of the place and the pools, 

[Johno57]

12 hours ago, Celsius said:

 

You wrote that a 4 million baht condo rents out for 28,000 baht a month. Maybe in your dreams when a real estate agent aka bargirl told you so.

 

You said there is no capital gains when you resale. That one piece of advice must have come from a ladyboy.

 

You pay tax when you sell condo even if you sell for a loss.

 

Go back to bar.

Mate I don't need bargirls like you, cause I have a gorgeous wife, as I said on the beach side  in huahin condos to rent at 28k, not that I would pay that, as I have my own condo,and if you did some research you would find after 5 years owner ship ther is no capital gains tax payable, but cannot argue with fools as its a no win situation..