1 hour ago, NanLaew said:

AI will easily churn through this dodgy farang company property paperwork backlog before the next SpaceX rocket failure.

Should help certainly but remember in the past when thai shareholders were picked randomly from the phone book, would be tricky to trace

40 minutes ago, jvs said:

Today,very early in the morning Bangkok police started to check Companies

in Hua-hin.

Restaurants,bars,hotels and homes are targeted.

Some people should be worried!

We are yet to hear from the "Thailand would never do that, they would lose too much money" crowd. 😂

1 hour ago, Yumthai said:

It depends. Outcomes vary according to people background, affinities, and of course the opportunity and the capacity to select the right asset.

The money you poured to buy the property could have been invested in order to yield more than the rent you have to pay.

Besides, with the right equity mix, after years of compounded growth and interests, the passive investment could value much more than the property appraised gain (if any) once deducted all maintenance fees and tax, not accounting the time spent to manage it.

We're not talking about investing for the future, it's about buy or rent your living accommodations while already retired. You're 50 or 60 yrs old, retired, now, buy or sell.

Don't why people keep saying, you take that and invest, earn more. But it's not providing equity for your every day living expense ... rent. Fine if you invest, and gives you 180k THB tax free dividend every year, for your 15k a month rent.

... "after years of compounded growth and interests, the passive investment" ...

Isn't paying your rent right now.

5 minutes ago, scubascuba3 said:

Should help certainly but remember in the past when thai shareholders were picked randomly from the phone book, would be tricky to trace

This dodgy paperwork dates back decades.

I dare say, many of the Thai nominees could be deceased.

Yes, that's right, a dead Thai person continues to own a Thai company. 😂

They shouldn't be too hard to find. 😂

One of the benefits of buying vs renting unappreciated by the rent don't buy crowd, is being able to change anything immediately, new AC, new bed, new sofa, new fridge, freezer, anything, so much better than having the landlords cheap uncomfortable drab furniture and decor

8 minutes ago, KhunLA said:

We're not talking about investing for the future, it's about buy or rent your living accommodations while already retired. You're 50 or 60 yrs old, retired, now, buy or sell.

Don't why people keep saying, you take that and invest, earn more. But it's not providing equity for your every day living expense ... rent. Fine if you invest, and gives you 180k THB tax free dividend every year, for your 15k a month rent.

... "after years of compounded growth and interests, the passive investment" ...

Isn't paying your rent right now.

I have posted a link to the current interest rate on offer from one of "The Big 4" banks in Australia. It's 5.30%. Funds make more, but let's run the numbers on solid bank interest.

At 5.30%, one would only need around 3,400,000 Thai baht for a yearly return of around 180,000 baht a year, or 15,000 a month.

If we divide 3,400,000 (possible purchase price) by 15,000 (monthly rent) we get 226 months. Dived 226 months by 12 to get years, and it's nearly 19 years.

If one retired at 65 years of age, they would have to live to 84 years of age to be ahead of the renters. The age is actually higher because during that 19 years there are taxes, fees, maintenance etc to pay.

Why bother buying?

3 minutes ago, KhunHeineken said:

I have posted a link to the current interest rate on offer from one of "The Big 4" banks in Australia. It's 5.30%. Funds make more, but let's run the numbers on solid bank interest.

At 5.30%, one would only need around 3,400,000 Thai baht for a yearly return of around 180,000 baht a year, or 15,000 a month.

If we divide 3,400,000 (possible purchase price) by 15,000 (monthly rent) we get 226 months. Dived 226 months by 12 to get years, and it's nearly 19 years.

If one retired at 65 years of age, they would have to live to 84 years of age to be ahead of the renters. The age is actually higher because during that 19 years there are taxes, fees, maintenance etc to pay.

Why bother buying?

If I was an Aussie, and didnt' have a trusting partner, I might be happy with 5%. Or we could just buy land at 350k, that's worth 500k on the day we bought, for that almost instant 30% profit.

Why we buy land, much better return, as I've shown, but you apparently ignore that, or don't understand it.

I wouldn't invest money, if all I got was 5-10-20%. Retired, and having enough, well, I wouldn't invest anything, as don't need to. But younger, 20% is crap return.

You definitely don't own land or house here, TH.

RE Taxes are a killer here. Land & House was 15 baht, maybe, though think I'm exaggerating a bit. Non use land was 150 baht, each lot.

30+ yrs ago, my one house is USA, RE Taxes were $4k yearly.

That's 13,731 THB a month ... 30+ yrs ago.

Toto, wer're not in suburbia Philly any more. You really haven't a clue on RE taxes in TH.

Edited Monday at 06:01 AM2 days by KhunLA

10 minutes ago, KhunLA said:

If I was an Aussie, and didnt' have a trusting partner, I might be happy with 5%. Or we could just buy land at 350k, that's worth 500k on the day we bought, for that almost instant 30% profit.

Why we buy land, much better return, as I've shown, but you apparently ignore that, or don't understand it.

I wouldn't invest money, if all I got was 5-10-20%. Retired, and having enough, well, I wouldn't invest anything, as don't need to. But younger, 20% is crap return.

You definitely don't own land or house here, TH.

RE Taxes are a killer here. Land & House was 15 baht, maybe, though think I'm exaggerating a bit. Non use land was 150 baht, each lot.

30+ yrs ago, my one house is USA, RE Taxes were $4k yearly.

That's 13,731 THB a month ... 30+ yrs ago.

Toto, wer're not in suburbia Philly any more. You really haven't a clue on RE taxes in TH.

The land is in Issan, right? No thanks.

When you say "we could just buy land at 350k" you mean you pay for it and it's in your Thai lady's name. No thanks.

I'm aware property taxes are cheap in Thailand, but they are still a cost that a renter does not have to pay, the same with management fees.

Living in Issan, do you have any clue about management fees in a condo block in a southern tourist area?

6 minutes ago, KhunHeineken said:

The land is in Issan, right? No thanks.

No, I can walk to the surf ... live with your choices

6 minutes ago, KhunHeineken said:

When you say "we could just buy land at 350k" you mean you pay for it and it's in your Thai lady's name. No thanks.

Then buy a condo, or rent, if not wanting to invest in TH.

6 minutes ago, KhunHeineken said:

I'm aware property taxes are cheap in Thailand, but they are still a cost that a renter does not have to pay, the same with management fees.

Yes you do, built into the price your landlord charges you. Now you're being silly

6 minutes ago, KhunHeineken said:

Living in Issan, do you have any clue about management fees in a condo block in a southern tourist area?

Don't live in a southern tourist area, if not want to pay fees or higher rent. Stay in OZ.

Edited Monday at 06:23 AM2 days by KhunLA

1 minute ago, KhunLA said:

No, I can walk to the surf

Didn't you previously post it was in Udon Thani?

1 minute ago, KhunLA said:

Then buy a condo, or rent, if not wanting to invest in TH.

The numbers show it is not an investment, and I used the figure posted by yourself, of 15,000 baht rent per month.

Adding some fees, taxes, and maintenance, one would have to live to about 85 years of age to be ahead of the renters. How many make it to 85 years of age here?

2 minutes ago, KhunLA said:

Yes you do, built into the price your landlord charges you. Now you're being silly

Is the leaking tap that the landlord pays to fix also built into the rent? 😂

3 minutes ago, KhunLA said:

Don't live in a southern tourist area, if not want to pay fees or higher rent. Stay in OZ.

Why would I stay in Oz?

My money earns interest that easily pays the rent, with plenty left over. Why would I, or many others, bother with buying when the ROI doesn't kick in until your 85 years of age. 😂

56 minutes ago, KhunLA said:

The best and more than enough reason to buy vs rent, even if a condo. Especially if staying in it more than 3+ years. Even if no profit, you live rent free.

If we never made a profit, I've live here rent free for over 25 yrs. That a few million THB in our pocket vs someone elses.

Amazing people don't understand that. Also why people don't retire early or have any equity built up to retire more comfortably. Just wish I could have afforded to by houses 5 or 10 years earlier in the USA.

Only problem with owning house free & clear in USA vs TH, after you retire, you're still 'renting' from the govt, via all the taxes. I can live on what the RE taxes would cost me in the USA. Then I got to feed myself, along with all the other higher costs.

Totally agree. The smartest thing I ever did was buying my first condo. I wish I could have afforded to buy sooner, too. People often say rent, and invest the chunk of money you would have spent on buying a property. That wasn't an option for me in the US--the only chunk of money I had each month to do anything with was my rent money--my salary was low and I was living paycheck to paycheck. I could not invest that chunk of money--it was keeping a roof over my head.

So, instead of continuing to give my biggest chunk of monthly income to the landlord, I decided to invest in myself, instead. Buying a small condo cost me about the same each month as renting--as rents were high where I lived. I fixed up the condo while living in it, sold it at a profit after a few years, and then did the same thing about 6 more times before moving to Thailand, where my Thai spouse and I continued to do the same thing.

What I don't understand is very few owners here have anything bad to say on AN about those who rent but that's not the case the other way around. Renters seem to both resent the fact that we own while, at the same time, never missing an opportunity to let us know we have made, in their opinion, a bad decision to own.

I've said many times there is no right or wrong decision, no one size fits all. It's always what works for the individual, couple, or family. For some, renting is just the ticket--and nothing wrong with that. The reverse, though, is also true. For some, owning is just the ticket--and nothing wrong with that, either.

For my Thai spouse and I, as a couple, owning has worked well for us, both financially and because we always, always prefer to own the space we live in. We rented once while we were waiting for Centric Sea to be finished--and it was not a pleasant experience for us at all. We haven't rented since--and likely never will. That's us--that's our size, which might not fit you. And, perfectly ok if it doesn't.

5 hours ago, KhunHeineken said:

You are cherry picking now.

The are 1.64 million vacant properties in Thailand. With a number like that, it shows Thailand does not have a thriving property market.

But what about the houses with leaking roofs and needing a paint job? 😂

I disagree. It is the case. There are many in each category.

The condo projects are large. Even if 51% must be Thai owned, there can still be hundreds for sale in the remaining 49% that can be foreign owned.

What am I 'cherry picking'? Makes no sense.

'Leaky roofs/paint job'. As you well know, I was making the point that national data was just numbers, not property condition, after you mentioned recalls with cars--which is also not on the national car data. Both are just numbers of units. More lame deflection.

Not all condo projects are large. Even in a large project, not all condos in the project are the same size, have the same view, are on the same high or low floor, face in the same direction, have the same furniture/decoration, etc. And, of course, not all condos in a project are even for sale--usually most aren't.

Whether it's one condo building or one condo market--say Pattaya--you're always starting with a big number and ending up with a much smaller number when a buyer's criteria is punched in.

As I said before, it's also the same when you go looking for a rental--you start with a large number of choices and end up with a much smaller number. Unless you tell the rental agent, "I don't care at all--rent me any condo. It can be anywhere, doesn't matter to me. Beachside, Darkside--whatever. Any size works too--it can be a tiny studio or a huge 3-bedroom penthouse. I'll be happy as a clam with either. And, really any price is perfectly ok, too, whether it's 25,000 baht a month or 250,000 baht a month. I have absolutely no wants or needs so just pick anything, there should be a lot to choose from."

1 hour ago, newnative said:

I was making the point that national data was just numbers

Yes, numbers that do not support your argument that all is fine and well in Thailand's property market.

1 hour ago, newnative said:

Whether it's one condo building or one condo market--say Pattaya--you're always starting with a big number and ending up with a much smaller number when a buyer's criteria is punched in.

That much smaller number is still a big number. 😂

1 hour ago, newnative said:

As I said before, it's also the same when you go looking for a rental--you start with a large number of choices and end up with a much smaller number. Unless you tell the rental agent, "I don't care at all--rent me any condo. It can be anywhere, doesn't matter to me. Beachside, Darkside--whatever. Any size works too--it can be a tiny studio or a huge 3-bedroom penthouse. I'll be happy as a clam with either. And, really any price is perfectly ok, too, whether it's 25,000 baht a month or 250,000 baht a month. I have absolutely no wants or needs so just pick anything, there should be a lot to choose from."

Even with some wants or needs and pricing, there's still so many to chose from in the rental market as well.

I hope they keep building here. It puts downward pressure on rents. Build more, I say. 😂

7 hours ago, KhunHeineken said:

7 hours ago, jvs said:

Today,very early in the morning Bangkok police started to check Companies

in Hua-hin.

Restaurants,bars,hotels and homes are targeted.

Some people should be worried!

We are yet to hear from the "Thailand would never do that, they would lose too much money" crowd.

Didn't take them all that long did it?

"Thirteen foreigners were arrested on Monday when police raided a housing and pool-villa estate in Hua Hin, after they were found using Thai nominee shareholders to buy properties for them."

Please credit and share this article with others using this link: https://www.bangkokpost.com/thailand/general/3299370/13-foreigners-netted-in-propertynominee-blitz-in-hua-hin. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved.

7 hours ago, Yumthai said:

It depends. Outcomes vary according to people background, affinities, and of course the opportunity and the capacity to select the right asset.

The money you poured to buy the property could have been invested in order to yield more than the rent you have to pay.

Besides, with the right equity mix, after years of compounded growth and interests, the passive investment could value much more than the property appraised gain (if any) once deducted all maintenance fees and tax, not accounting the time spent to manage it.

What you posted is true, real estate may not give you the greatest financial returns available--although it's been very good for my spouse and myself, both here and in the US.

What you don't mention is that a home is something different than a savings bond, a stock certificate, X amount of gold, etc. A home is where we spend the majority of our precious time. And, as you get older, time becomes even more precious. We see our property as a home first, an investment second.

We don't want to spend our precious time in someone else's space--it's just too important to us--the space we live in. And no, moving a better mattress and a better tv and a better refrigerator and a better--for us it's a long list--into a rental space doesn't hack it--it's still someone else's space, not ours. We rented once and hated it.

It gives my spouse and I great pleasure to create our living spaces--and we need to own to have the freedom to do the sometimes major things that we do. We would, and do, buy even though we know we might lose some money on a property. It's still worth it for us--and we never have, by the way.

There are always choices with what you do with your money. A Toyota Yaris will get you from Point A to Point B. For some, it's a perfectly ok choice for that function. But, for some others, they would rather spend their money on a luxury vehicle, knowing going in that on paper it's a bad investment and luxury vehicles depreciate more than any other vehicles.

For them, a luxury car is worth it, same as a property we own is worth it for us. We're probably both murmuring under our breath, 'You only go around once in life.' Or, maybe, 'The heart wants what it wants.' At least we skipped the very bad investment of a depreciating luxury car and bought a Bangkok getaway condo instead, which is slightly appreciating.

It should always be mentioned, and I certainly try to, that investing in property or other investments needn't be either/or--even though it always seems to be presented that way. "If you had done this instead of that..." We have always done 'this' and 'that'. We have property but we also have a stock portfolio, several mutual funds, and cash--something about eggs and baskets.

33 minutes ago, newnative said:

What you don't mention is that a home is something different than a savings bond, a stock certificate, X amount of gold, etc. A home is where we spend the majority of our precious time.

I'm not challenging that. I concur that a home is not an investment and if money is ultimately made it will be just the cherry on the cake.

Just saying that people with different background/expertise will be more profitable by investing in what they get to master and understand well.

Nevertheless, figures speak from themselves: savvy people investing in financial equities generally do better long-term than the RE experts.

2 hours ago, NanLaew said:

Didn't take them all that long did it?

"Thirteen foreigners were arrested on Monday when police raided a housing and pool-villa estate in Hua Hin, after they were found using Thai nominee shareholders to buy properties for them."

Please credit and share this article with others using this link: https://www.bangkokpost.com/thailand/general/3299370/13-foreigners-netted-in-propertynominee-blitz-in-hua-hin. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post PCL. All rights reserved.

It's looking more and more like this is not going to go away.

It appears "The Great Thailand Property Reset" has begun.

I've posted the law/s about it, and they are harsh. It's arrest, confiscation, charging, sentencing / fining, deportation, and blacklisting.

I predict the Department of Business Development and various Land Offices will be very busy in the near future.

18 minutes ago, Yumthai said:

I'm not challenging that. I concur that a home is not an investment and if money is ultimately made it will be just the cherry on the cake.

Just saying that people with different background/expertise will be more profitable by investing in what they get to master and understand well.

Nevertheless, figures speak from themselves: savvy people investing in financial equities generally do better long-term than the RE experts.

And, as I said in my post, no reason you can't do both--it doesn't have to be either/or. Fun fact from Google:

The United States mints more than 1,200 new millionaires every single day, with the vast majority reaching this milestone due to long-term growth in the stock market and rising home values.

Probably posted somewhere on the forum already.

Thaiger

Foreigners say they were advised into nominee scheme by l...

A nominee network investigation leads to arrests of 13 foreigners who illegally owned properties in Hua Hin, Prachup Khiri Khan.

@KhunHeineken has asked this question a few times in this thread, "Would you advice to someone now to put the property in the Thai wife's name?"

My answer is "Yes, under certain conditions." Those conditions are dependent upon too many factors to identify in this post but include having a better understanding of the relationship between that someone and their Thai spouse. Other considerations would include what type of property we are talking about - is it undeveloped land, is it a property currently owned using the Thai company nominee structure, etc.?

Another question @KhunHeineken has asked repeatedly is what percentage of foreigners have been successful in paying for property that their Thai partner owns. I don't know the answer to this, but I do count myself in this category.

So, @KhunHeineken what is the percentage? Do you know it? You say successful foreigners are in the minority, so can you point to a statistic to back up your assumption? I don't know where to find such a statistic. I have certainly read stories and posts on this website that claim both failures and successes. I only have a few acquaintances that I know of personally and none of them lost out by paying for property for their Thai partner.

5 hours ago, donx said:

@KhunHeineken has asked this question a few times in this thread, "Would you advice to someone now to put the property in the Thai wife's name?"

My answer is "Yes, under certain conditions." Those conditions are dependent upon too many factors to identify in this post but include having a better understanding of the relationship between that someone and their Thai spouse. Other considerations would include what type of property we are talking about - is it undeveloped land, is it a property currently owned using the Thai company nominee structure, etc.?

Another question @KhunHeineken has asked repeatedly is what percentage of foreigners have been successful in paying for property that their Thai partner owns. I don't know the answer to this, but I do count myself in this category.

So, @KhunHeineken what is the percentage? Do you know it? You say successful foreigners are in the minority, so can you point to a statistic to back up your assumption? I don't know where to find such a statistic. I have certainly read stories and posts on this website that claim both failures and successes. I only have a few acquaintances that I know of personally and none of them lost out by paying for property for their Thai partner.

Good post. I agree with you that under certain circumstances it might be prudent to put a company-owned house or condo in a Thai spouse's name. It seems to be possible, according to Google, to also legally register the house in the foreigner's name and the land in the Thai spouse's name. My Thai spouse and I have never bought anything in company name. All the houses we have owned were bought in my spouse's name, including the current house and the one we just sold. It's worked fine for us, could work for others, depending on their relationship.

I wondered about his claim, too, and focused on legal Thai/foreign divorces. Thailand doesn't keep separate statistics on Thai/foreign divorces, they are lumped in with all divorces. Google AI took a stab at it and said that 'unofficial estimates' put it at around 21% to 33% of foreign/Thai marriages ending in divorce. Could be somewhat higher but it seems to not be a majority. Even if there is a divorce, it doesn't mean the Thai spouse left the foreigner penniless. I know of a number of Thai/foreign partnerships that have both longevity and are stable--and also normal.

I don't know of any where the foreigner was taken to the cleaners. I would guess that, like most things, the many in good relationships are quietly going about their business while some of the ones that didn't work out are being loud on AN. It's easy to see examples of the former on the Darkside, grocery shopping at Big C or Lotus's, at the mall, etc.

10 hours ago, newnative said:

And, as I said in my post, no reason you can't do both--it doesn't have to be either/or.

Sure you can invest in anything (you think) you have an edge in, granted you can afford it.

That's the diversification over concentration debate. There's no one size fits all in terms of investment.

58 minutes ago, Yumthai said:

Sure you can invest in anything (you think) you have an edge in, granted you can afford it.

That's the diversification over concentration debate. There's no one size fits all in terms of investment.

Agree. I'm firmly in the not all eggs in one basket camp, although with the recent house sale I have too many eggs in cash.

7 hours ago, donx said:

My answer is "Yes, under certain conditions." Those conditions are dependent upon too many factors to identify in this post but include having a better understanding of the relationship between that someone and their Thai spouse. Other considerations would include what type of property we are talking about - is it undeveloped land, is it a property currently owned using the Thai company nominee structure, etc.?

Due to the foreign ownership of property laws in Thailand, for many, there are very few options other than to put the property in the Thai lady's name.

Indeed, in the the current situation, many will be selling their shares in the Thai company to the Thai lady, effectively giving her control of the company. Of course, doing this is preferential to being arrested and having the property confiscated, so I would say such a sale / transfer is under duress, and not by choice.

Such sales / transfers, under duress, does not mean the foreigner suddenly has confidence in his relationship. 🙂

7 hours ago, donx said:

I don't know the answer to this, but I do count myself in this category.

I never suggested I know the answer, I know no one does, but I do know a few guys that were done over.

I also suggest that the media reports you see with the balcony jumpers, all over Thailand, on many occasions, would be due to financial loss to a Thai lady, which would include buying a property and / or a business for her. I'm sure it's not just for a new iPhone or motorbike. Have you ever read such articles, and read between the lines?

Many have had to go home and back to work, or go home and onto benefits. Do you deny this happens?

7 hours ago, donx said:

You say successful foreigners are in the minority, so can you point to a statistic to back up your assumption? I don't know where to find such a statistic. I have certainly read stories and posts on this website that claim both failures and successes. I only have a few acquaintances that I know of personally and none of them lost out by paying for property for their Thai partner.

Once again, I did not claim to know an accurate statistic, and was perfectly happy for a member to take a guess. I would put it at around 70% to 30%. That's 70% failure / scammed, 30% successful relationship / marriage.

If you only have a few acquaintances, do you think you have a wide enough view on the subject? Is it an accurate assessment that because all of your small base of acquaintances have a successful relationship, than the statistic is 100% successful relationships, which we all know is impossible.

As an aside, where do you think humorous sayings like, "My girl is different" come from? It's well know many newbies leave their brain at the airport.

Are you seriously suggesting no one has ever lost a property here to a Thai women because they took the short cut of putting the property in her name? If you are not suggesting this, then surely you are able to put forward a percentage, so go ahead.

What do you glean from media reports here?

1 hour ago, newnative said:

I agree with you that under certain circumstances it might be prudent to put a company-owned house or condo in a Thai spouse's name.

In the current circumstances, facing arrest, charging, sentencing, deportation, and blacklisting, or signing over the property to the Thai lady, which one do you think most will chose?

It's only prudent because many are under duress now.

They have allowed themselves to become victims of the very system that should have set off alarm bells for them years ago, and thus they should not have bought the property in the first place.

1 hour ago, newnative said:

All the houses we have owned were bought in my spouse's name, including the current house and the one we just sold.

Again, for those looking to buy now, is your advice for the foreigner to put the property in the Thai lady's name?

1 hour ago, newnative said:

I wondered about his claim, too, and focused on legal Thai/foreign divorces. Thailand doesn't keep separate statistics on Thai/foreign divorces, they are lumped in with all divorces. Google AI took a stab at it and said that 'unofficial estimates' put it at around 21% to 33% of foreign/Thai marriages ending in divorce. Could be somewhat higher but it seems to not be a majority. Even if there is a divorce, it doesn't mean the Thai spouse left the foreigner penniless. I know of a number of Thai/foreign partnerships that have both longevity and are stable--and also normal.

That statistic is only for marriages. What about the many in defacto relationships? Would that demographic raise the statistics, considerably?

1 hour ago, newnative said:

I don't know of any where the foreigner was taken to the cleaners.

Never heard of any, never read of any, really? Is it all just a myth?

1 hour ago, newnative said:

I would guess that, like most things, the many in good relationships are quietly going about their business while some of the ones that didn't work out are being loud on AN.

You have contradicted yourself.

You said you don't know of any, now you say you do know of some that it didn't work out because they post such on AN.

Which one is it?

1 hour ago, Yumthai said:

Sure you can invest in anything (you think) you have an edge in, granted you can afford it.

That's the diversification over concentration debate. There's no one size fits all in terms of investment.

I think you will find, the world over, people invest their money is something that they can actually own / control, which is not the case with Thai property. 🙂

43 minutes ago, newnative said:

Agree. I'm firmly in the not all eggs in one basket camp, although with the recent house sale I have too many eggs in cash.

Roll again. Plenty of places to chose from, all over Thailand, around 1.64 million, with thousands more coming onto the market, due to a government crackdown on nominee companies, and oversupply by developers.

Now's the time to buy. Start whittling. 😂 😂

Edited yesterday at 03:51 AM1 day by KhunHeineken

On 8/8/2026 at 5:26 PM, KhunLA said:

Here's relevent for you, I wouldn't sell the present house for less than 3M now, which is 50% return. Nor would I sell the lots, now for less then 500k, ~30%, or 700k once road is in, so 100% profit.

Comparable sales don't mean much, as don't what their cost was. I know our profits, and way better than money sitting any where. Or risk investing. Never lose on land, as they are making any more.

Until you sell you have no profit, just a cost and a speculated value. If you cant sell or the market stays depressed then you have money spent on the front end and some land but thats about it.

14 minutes ago, Dan O said:

Until you sell you have no profit, just a cost and a speculated value. If you cant sell or the market stays depressed then you have money spent on the front end and some land but thats about it.

I can judge the price on the market price of similar properties that have sold recently. That's how savvy people shop, current buy/sell price margins.

That's why my 1st Thai sold very quick, actually before it was listed. Quickest & easiest money that RE office ever made. I was motivated, selling with POA, just like these folks, with nominee companies will be motivated. And I still made a tidy profit, more because of the exchange rate, and was paid for in USD.

2nd house took a while, 3 years, due to unique design, across from BBQ wat, and scamdemic, along in middle of nowhere, so only a retired or self employed person would by it, as a long commute to town.

I know RE, as been at it for 44 yrs, and even have my RE license in USA, so if you want to buy something, let me know. I could always use 3 or 1.5% of a sale price 🙄

Even though expired, my buddy would give me my cut.

Edited yesterday at 04:34 AM1 day by KhunLA

31 minutes ago, Dan O said:

Until you sell you have no profit, just a cost and a speculated value. If you cant sell or the market stays depressed then you have money spent on the front end and some land but thats about it.

Correct. Profits are only realized after the property has sold, and the property only sells for what the market is prepared to pay.

With what's currently going on, I expect thousands of extra properties to go onto what is already a saturated property market here, at near fire sale prices, pushing the property market further down. The property market here is already in a 4 year decline. (link previously posted)

Depending on when a property was purchased, it's possible many properties will sell for less than what they were purchased for. A fine investment indeed. 😂