Housing Bubble To Hit Los

[Irene]

irene,

you have been caught perjuring yourself! Why should I perjure myself when I have no gain from my input.

you have stated that you buy off plan and pay the deposit to flip it for the equivalent profit. Wrong again, I have never bought off plan and flip it for the equivalent profit. That was an example of how flip plan works and I gave out this technique for others to know, unselfishly. I intend to flip this plan for those condos next to MRT but have not done so yet. As I stated before in the past decades I had never sold any of my property.

when you were offering advice I thought - okay - here is someone who is doing a good deed. when i thought that you took older condos and refurbished them - I THOUGHT - hey - here is someone working for a living putting condos back on the market that would otherwise just deteriorate and thus providing a needed market function in a city that requires it - but then your rhetoric was like a boken record and anyone who has to repeated say - I AM NOT AN AGENT - generally is. Your definition of an agent is rather odd. I have been buying condos as a hobbie for rental and never trade in the property. I cannot be called otherwise but an "investor".

why am I up on you - WELL BECAUSE - i think anyone that flips condos is a used car salesmen - no better than a ticket scalper - who based purely on a profit motive artificially drives up the price of a condo to the point where bubbles form and keeps the locals priced out of the market and thus creates problems - BASED PURELY ON GREED - and by offering no real product except the ability to buy something that they have no need for except to profit by it. i dislike scalpers and thus I also dislike flippers. you profit from the sweat of others just by being in a position to hold it over them. you distort the market for a product that should first and foremost be a home to people that need them at an affordable price. you and people like you are pricing the thais's out of their own homes so that they will perpetually be in debt. i see nothing wrong in trying to make money - BUT -flipping is a very low form of making money that is on the level of used car salesmen, scalpers, snake oil salesmen, etc. I am glad you at least tell your feeling why you are up on me. That is a fair game. You simply have this socialist feeling of not wanting to see other people better off than you. I have not flipped my concos and have the generosity to inform the form of the market conditions to our forum. If I am selfish and greedy, I could keep quiet on my knowledge and let all the expatriates coninuing holding the cynical views.Your accusation against me is incorrect since I have not done so yet. With due respect, I take a different view since I believe all investors have to evaluate risk and reward and paying the 30% first portion could turn out to be a loss as well if there is not sufficient demand for the invested condos. There are also many sad stories under this light. But I think the fall back situation on near-Mrt condos is sufficient enough for me to take the risk. You can judge me in whatever ways you like but don't call me a liar.

AND if your tokyo analysis is anyting to go by - then all you have offered for advice is most likely the same - an end game for your gain! That is the only point you are right. The aim of an investment is to make a gain. I am a great fan of capitalism and not Fabian socialism

[shochu]

ray,

there is a reason gov't's from around the world pass laws and deterences to stop people from flipping.

if flippers/scalpers were not allowed to do business - then the owner/artist would get their share and the buyer/fan would pay an agreed price deemed to be fair - between the two. the transaction would still continue without the flipper/scalper and thus everyone would benefit more - BUT - when the flipper tries to skim off the top the price/market becomes distorted and this is exacerbated when there is collusion between numerous individuals to maintain a minimum selling price adversely affecting the market and the people involved. the main thing is these individuals are not required for the transaction but include themselves to benefit themselves.

I suppose the enron boys were just making a living and they had every right to do what they did eh? nothing wrong with making a living eh!

irene,

are you sure you are better off than I?

I am not the one having to flip/scalp off of others to make a living. generally people who do this are uneducated people with less opportunities to make a living and thus the lower moral standards. in thailand, these individuals are targeting their fellow countrymen as I doubt any thai would be stupid enough to fall for this charade. and by continually repeating a dogmatic selling line - buy no more than 50 meters from any BTS/MRT - they hope enough people will hear it and eventually an uninitiated individual in the honeymoon stage will succumb.

how many fellow countrymen have you profited off of?

and regarding your selling line - please tell me if it is so - why are the two most popular areas - ari and thonglo - when there are no condos within 50 meters of the BTS/MRT.

another thing - anyone who buys a place that close to the metro is setting themselves up to more noise, pollution and the vibration from the metro. most people i know in bangkok choose to live near a metro but off of a major road down a quiet soi thus why ari and thong lo are so popular.

[ray08]

ray,

there is a reason gov't's from around the world pass laws and deterences to stop people from flipping.

if flippers/scalpers were not allowed to do business - then the owner/artist would get their share and the buyer/fan would pay an agreed price deemed to be fair - between the two. the transaction would still continue without the flipper/scalper and thus everyone would benefit more - BUT - when the flipper tries to skim off the top the price/market becomes distorted and this is exacerbated when there is collusion between numerous individuals to maintain a minimum selling price adversely affecting the market and the people involved. the main thing is these individuals are not required for the transaction but include themselves to benefit themselves.

I suppose the enron boys were just making a living and they had every right to do what they did eh? nothing wrong with making a living eh!

Shochu ; back to the point of Thai Real Estate and your quote "i think anyone that flips condos is a used car salesmen" I think we are not comparing apples for apples by saying that a speculator is skimming of the top and causing higher prices and are not required in a transaction , look at following case

January 2005 , Developer put new project on market

March 2005 , Speculator puts 10%

April 2005 - Jan 2008 , Speculator put down another 30%

Feb 2008 , Speculator sells at a profit

The speculator has tied up his money completly " UNSECURED AND INTEREST FREE" for a period of 3 years in the hope the builder would not go Bankrupt , do bad job , delay project , never complete , in return a profit should be earned , if this speculator and more like him did not do this the project would never of completed because of no pre sales ,, multiply this out and you have fewer projects hence a higher price in any case ,due to less units on market to meet demand

Also the person buying normally gets to see a finished project and can negotiate the price , being very secure for last few years his money was in a AAA bank,pension fund etc making interest ,pretty much risk free ,

So we need these speculators in order to bring a finished product to the market , don,t like them ,does not matter , you can also be like them and buy cheaper of a plan and roll the dice ,

Edited March 27, 2008 by ray08

[Irene]

irene,

are you sure you are better off than I?That is rather childish. One does not need to go personal. I could not care less whether any one is better or worse off than me.

I am not the one having to flip/scalp off of others to make a living. generally people who do this are uneducated people with less opportunities to make a living and thus the lower moral standards. in thailand, these individuals are targeting their fellow countrymen as I doubt any thai would be stupid enough to fall for this charade. and by continually repeating a dogmatic selling line - buy no more than 50 meters from any BTS/MRT - they hope enough people will hear it and eventually an uninitiated individual in the honeymoon stage will succumb.Wow! What a lot of stereotyped vocabs that are frequently used in a bar and yet you labelled me as uneducated? Just like Sir Winston said, there are people who are so orthodox beyond education and just would not change the subject and outlook.

how many fellow countrymen have you profited off of?Not at this moment because I have not yet sold any of my property for a profit or for a loss. In two year time, I hope I can flip for profits with many happy buyers or incur big losses which according to my calculation are bearable.

and regarding your selling line - please tell me if it is so - why are the two most popular areas - ari and thonglo - when there are no condos within 50 meters of the BTS/MRT.There is one next to Thonglor station expected to be completed in two years time. Siri's project. Ari has no vacant land for developers to initiate any projects. There is not much one rai land around the main road of Sukhumvit.

another thing - anyone who buys a place that close to the metro is setting themselves up to more noise, pollution and the vibration from the metro. most people i know in bangkok choose to live near a metro but off of a major road down a quiet soi thus why ari and thong lo are so popular.That is your opinion and you can base on that in investing and I have my way of parting my money. And being a civil person, I would not call your opinion stupid.

[quiksilva]

Nice retort Irene,

how many fellow countrymen have you profited off of?

Are you seriously saying that in your own country nobody profits off of each other?

You seem to equate profit with evil, if so, you can always sell me lots of valuable stuff at a loss! It'll make you feel sooo much better!!

[MrPaddy]

He is probably one of those deomstrators at the G8 meetings and targets McDonalds and Microsoft for their evil deeds.

[shochu]

irene,

are you sure you are better off than I?That is rather childish. One does not need to go personal. I could not care less whether any one is better or worse off than me.

you are the one who made the intial claim - now you cry fowl - my my....

I see all the flippers - er - used car salesmen are out in force.

Weak arguments!! I guess I was correct - this is a field of the uneducated.

Again - there is a reason gov't's enact laws to try and stop flippers!!!

And no flippers are not necessary in the transaction - as they often keep people from getting in on projects!!!

Edited March 28, 2008 by shochu

[ray08]

He is probably one of those deomstrators at the G8 meetings and targets McDonalds and Microsoft for their evil deeds.

Communism is still very stong in umm ,umm Cuba ,so maybe he has point

[Irene]

irene,

are you sure you are better off than I?That is rather childish. One does not need to go personal. I could not care less whether any one is better or worse off than me.

you are the one who made the intial claim - now you cry fowl - my my....

I see all the flippers - er - used car salesmen are out in force.

Weak arguments!! I guess I was correct - this is a field of the uneducated.

Again - there is a reason gov't's enact laws to try and stop flippers!!!

And no flippers are not necessary in the transaction - as they often keep people from getting in on projects!!!

I really feel sad for you. It is below me to point at anyone as uneducated even for those who deserve to be called as such.

There is no law against a willing buyer and a willing seller in having a contract assigning his right to the property to another party. The price level is up to the willingness of both parties. How can any law be enacted against this practice?

Points by points I have answered back and ignoring those false accusations, and now all you can do is to insult people with good intention.

Self praise is no praise. I leave this to readers to evaluate the sensibility of your and my logics.

[Devil]

Wow, Shochu why so personal with your remarks to some posters who were just offering some very valid points through their own experiences, cant you get you point across in a more constructive manner.

And you clearly have a unique understanding of the term free market and controlled markets or would you rather see government regulating prices?

[PadThaiGuy]

Buying a property and selling it for a profit is immoral?

[spasticated]

<br />ray,<br /><br />there is a reason gov't's from around the world pass laws and deterences to stop people from flipping.<br /><br />if flippers/scalpers were not allowed to do business - then the owner/artist would get their share and the buyer/fan would pay an agreed price deemed to be fair - between the two. the transaction would still continue without the flipper/scalper and thus everyone would benefit more - BUT - when the flipper tries to skim off the top the price/market becomes distorted and this is exacerbated when there is collusion between numerous individuals to maintain a minimum selling price adversely affecting the market and the people involved. the main thing is these individuals are not required for the transaction but include themselves to benefit themselves.<br /><br />I suppose the enron boys were just making a living and they had every right to do what they did eh? nothing wrong with making a living eh!<br /><br />irene,<br /><br />are you sure you are better off than I?<br /><br />I am not the one having to flip/scalp off of others to make a living. generally people who do this are uneducated people with less opportunities to make a living and thus the lower moral standards. in thailand, these individuals are targeting their fellow countrymen as I doubt any thai would be stupid enough to fall for this charade. and by continually repeating a dogmatic selling line - buy no more than 50 meters from any BTS/MRT - they hope enough people will hear it and eventually an uninitiated individual in the honeymoon stage will succumb.<br /><br />how many fellow countrymen have you profited off of?<br /><br />and regarding your selling line - please tell me if it is so - why are the two most popular areas - ari and thonglo - when there are no condos within 50 meters of the BTS/MRT.<br /><br />another thing - anyone who buys a place that close to the metro is setting themselves up to more noise, pollution and the vibration from the metro. most people i know in bangkok choose to live near a metro but off of a major road down a quiet soi thus why ari and thong lo are so popular.<br />

<br /><br /><br />

Oh dear so how much money have you lost by not buying in the right location??

Housing is a commodity like everything else get real.

[PeaceBlondie]

I have no dog in this fight, but I am supposed to stop dog fights. Please lower the level of personal insults and try to get back to whatever the subject was.

[shochu]

i stated that most people in this form of business were generally uneducated - which if you have been to any holiday destination - you will see many people in this industry trying to make a buck until their luck runs out and they flee to another locale.

again - if this was such a proper way to make a living - why do gov't's try to stop this???

let me explain a bit better so that some of you might be able to comprehend a little better - even though i know you are defening your right to flip.

when a developer puts out a plan to start a project - particularly in the off plan projects - they build a model house and try to sell it. by gauging the prospectic buying interest - they can determine whether to continue the project and have a real understanding of the level of buyer interest and can accordingly adjust their prices to match the markets. generally there is a band within which the developer can adjust prices and a band within which the buyer can afford to buy without stretching themselves too thin.

when a flipper comes on the scene - they distort the market. the developer does not know the actual demand and may proceed with the project only to find out later that because of the distortion of the actual market interest - many people will default on the deposits creating even more problems not only for the developer but the other actual home buyers. in essence, through their greed, if the property is in a good location - they have added to the financial burden of the new buyer and /or caused/aided the collapse of the project. some people have no choice but to pay the price because housing can be limited and they are afraid to get priced out of the market - particularly in a fast developing environment. unfortunately - this is when flippers are most active and try to skim off the top and this is exactly why gov't's around the world pass laws to prevent or in the very least minimize these actions. in many examples around the world - flippers(speculators) have contributed greatly to the bubble and subsequent collapse of the real estate market - because - they have distorted the markets.

they are not a needed participant in the real estate market. the poster who said they were taking a risk - well that wasa funny joke. if there is no interest and the subscription is not enough - the project gets cancelled or stalled and the depositors either get theit money back or have to wait and can collect a penalty payment.

why would anyone want to pay an added 30% when it is not necessary just because joe flipper cornered the market

please post some decent arguments to counter if you can rather than the - we can because we are - and - everyone has a right to make a living thing - because they are weak arguments.

and i guess - we seem to have a lot more flippers than i would have originally imagined.

by the way - i am semi-retired and work because i enjoy my work and i believe in doing the right thing - even if it means having to take a bit a spittle!

irene,

you are the one who made the original intened insult trying to assuem you were better off than i - yet now you call me for it. i speak in generalities - and if what i said hit you personally - then it is your conscience that you have to deal with - not me. besides you stated - this is what i do - not this is what i plan to do. if came off like an expereinced pro.

from my understanding of the real estate market in bangers - i see many flippers are currently struggling to unload projects coming on line - good luck!

[shochu]

thanks for solidifying my point - mr. spaz

as you have highlighted my point - flippers(speculators) cause problems!!!

[PeaceBlondie]

Some spastic parts of this dogfight have been put in the dog house. This is not even my regular forum. Please, cool down or we will close the thread and award more penalties.

[Irene]

Folks,

I have never understood Sir Winston's slight on Lord Atlee, a great socialist, until I got involved with this thread:

"A fanatic is one who can't change his mind and won't change the subject".

http://www.quotationspage.com/quote/773.html

[number9999]

never it will eventually catch up with prices elsewhere at moment most is very cheap -

im only talking about higher quality units not rubbish put up but ive noticed a big increase

in the build quality over last 5 years - rubbish is still being built but not so much

[mijan24]

I post unusual ? Maybe I am unusual...

LaoPo

LadPo Great just Great your response should be recorded as how to say a lot by actually saying very little. Lets hope the message gets thru.

[shochu]

irene,

i now understand why you and some others are so generous in offering advice regarding rental - in particular your rentals and how well you are doing even though some of your rentals seem to defy the norm and now it is very evident that you are using this forum to make it appear that one can earn a very tidy sum by a)renting out to foreigners BUT one must first b)buy from a foreigner - and it is a nice win win situation for you if you are involved in both - yes?

if you are going to give advice under the guise of advertising - at least pay the dues and give thaivisa a fee for using their website or at least offer advice that is real - such as that there is an increasing rental backlog and that rental prices are coming down and will for some time to come. anyone who knows the rental market in bangkok knows this.

i see you have now changed your selling line a bit to adjust for my revelations that seem to refute some of what you speak!

Edited March 29, 2008 by shochu

[samran]

from my understanding of the real estate market in bangers - i see many flippers are currently struggling to unload projects coming on line - good luck!

frankly, I think you just answered your own question.

flippers exist because they are the risk takers for a project. They put down some money and a legal commitment to the developers that they shall pay for a condo upon completion. When the market is good, they flip. When it doesn't, they are left with a relatively illiquid asset. They also deal with uncertaintly of how the final product will turn out.

The person who buys from the flipper pays a premium as they can see the final product (or something closer to the final product). Everyone is happy...except for you?

[shochu]

i am sure the prospective buyer who wanted a place to live is happy that a flipper cornered the market and bought a few to profit and now the prospective buyer has to pay a premium.

samran,

you don't mind paying a premium for everything then. i guess all the people on this forum who complain about paying a foreigner premium of a few baht would not mind forking over many thousands of dollars for the right to buy! brilliant!!

[samran]

i am sure the prospective buyer who wanted a place to live is happy that a flipper cornered the market and bought a few to profit and now the prospective buyer has to pay a premium.

samran,

you don't mind paying a premium for everything then. i guess all the people on this forum who complain about paying a foreigner premium of a few baht would not mind forking over many thousands of dollars for the right to buy! brilliant!!

Well, he should be happy that the place even exists.

the prospective buyer should have done his research and approached developers to see what projects they have. The developers are always looking for solid investors to their projects off the ground. If someone is going to guarantee them certainty by signing contracts for 5 condo's, then they'll take it. It is prudent risk management on behalf of the developer.

It is a free market, and the self interest of the developer and the flipper helps ensure that a project gets built.

If you were a developer building a 300 room development, would you be wanting to find and deal with 300 individual investors or would you want to deal with 50 investors who have put their money down and ensures your cash flow to start your developemnt.

It is proper risk management. Core of a functioning and well oiled economy.

[shochu]

i would think most would rather deal with individual first time homebuyers as they are considered to be more stable and generally have the funds as they do not generally have any other large outlays as the home is the primary outlay. most flippers are playing an extension game that is as much a bet as well as gambling for a payoff and most likely do not have the funds to cover the full costs or ride it out!

imagine knowing that there are many flippers of your project and if they can not find the buyers then where does that leave the developer.

when the devlopment environment is stable and good - most off plan projects are monitored and strictly enforced by the authorities - to make sure speculators are not involved - because generally when they are involved, and the more of them there are - problems always arise down the road! this is why there is generally a strict ticketing system in high demand areas and it is difficult to get these tickets. these tickets are generally alloted through a bank that acts as agent so everything can be monitored. granted bangkok is in the primary stages of this development - by trust me - they will eventually move into this realm once the markets mature a bit more.

it is not a wanted risk managment stratey BUT an unwanted consequence of speculators based purely on greed - not good market fundamentals - and when there is much speculation - it always leads to a crash! i suppose everyone in bangers would like a crash - YES?

Edited March 29, 2008 by shochu

[ray08]

i am sure the prospective buyer who wanted a place to live is happy that a flipper cornered the market and bought a few to profit and now the prospective buyer has to pay a premium.

samran,

you don't mind paying a premium for everything then. i guess all the people on this forum who complain about paying a foreigner premium of a few baht would not mind forking over many thousands of dollars for the right to buy! brilliant!!

Shochu , One thing to rememeber is that when aproject is almost complete , you will find the developer themselves acting like " Flippers " by hiking the price of a project , i in fact i looked at 3 Projects , The Met , Plaza Athenee where the developers on availble units are asking for prices far more than they initially sold ,most of the developres increase price as the projects sells over time ,

La Raffine 2 was the same ,i saw at thb 32m and the last few from developers was around THB 45,

So really you cannot just say the Flipper is pushing up the price, the price in most terms is dictacted at which stage you buy

Initial , Middle , End , or desperate flipper stage,

[Irene]

irene,

i now understand why you and some others are so generous in offering advice regarding rental - in particular your rentals and how well you are doing even though some of your rentals seem to defy the norm and now it is very evident that you are using this forum to make it appear that one can earn a very tidy sum by a)renting out to foreigners BUT one must first b)buy from a foreigner - and it is a nice win win situation for you if you are involved in both - yes?

if you are going to give advice under the guise of advertising - at least pay the dues and give thaivisa a fee for using their website or at least offer advice that is real - such as that there is an increasing rental backlog and that rental prices are coming down and will for some time to come. anyone who knows the rental market in bangkok knows this.

i see you have now changed your selling line a bit to adjust for my revelations that seem to refute some of what you speak!

Again, you are wrong.

First,the range of my rental is 65,000 to 85,000/month. 95% of my property are leased to a non-English speaking race, Japanese. My potential tenants do not read this forum.

Second, out of all my purchases of our condos, I have never bought them from foreigners or potential readers of this forum. Either, I bought them from the developers, off-plan, or in majority being "victims" of the flippers in buying second-hand from Thais. Mostly, the flippers made Baht1M to Baht3M profits from me. I have been happy with all these purchases from the flippers because I view the prospect as somewhat proven after the property is built and the growth potential is in my view good. The reason why I believe so because of the rush to rent my property from all types of estate agents. All my rental has gone up.

So far I have never sold my property. Why so? The answer is with the location. Almost at every stations along Rajdamri to Sukhumvit 67, I got involved. Why do I share my experiences with readers of this forum? I simply like to widen the horizon of readers of this forum in which they have been innundated with one-sided advices. I also like to read advices from someone to me that my perception is incorrect despite it has proven correct so far. Instead, I have been receiving insults that I am stupid and uneducated. However, I received one good advice from one reader that don't believe in one's past records because the chemicals may not be the same now. Because of this advice, I have become cautious.

Third, I got this idea of being a flipper because previously I was not long-sighted enough to buy off-plan. Recently, I bought at Sky Walk (Sukhumvit 67) and a couple of units at Taksin Bridge, off-plan. I see both as great potential for growth because of advantages of being commuters since both sites are next door to sky train stations and can be subject to large developments because of population growth in both areas. I know it is risky if the projects turns sour. I can lose 30% of my progressive payments. If I am proven right, I can make large profits from taking this risk.

I can see that you don't like me and call me of all sorts which I don't mind. But, don't doubt my integrity. I am prepared to stay away from this forum completely just to please you. I came into this forum because of my previous stress on health problem and I was touched by the responses which guided me to the right path. I don't understand why topics like economy, baht strength and property investments, there are so much mistrust. Please believe me I am real with no ulterior motives to pump my property value.

[shochu]

ray,

i agree with what you are saying but it is in the details.

first, the prices generally increase during the project period to keep up with costs (everything from inflation, materials, interest rates,etc.). as anything else the costs are generally decided by the market - but what I am talking about is that a prospective buyer has to pay a premium from the getgo because an unneccassry individual decided to skim off the top - much like a scalper. what flippers do - is they hope the project is sold out or they try to get the best units in the building and they drive the prices up unrealistically. and there is always the unfortunate expat who does not know much about the real estate market and this is where these flippers make their money - by taking advantage of these individuals using their sales speeches.

the developers don't act like flippers. they are asking a fairer price than flippers do. they are trying to get a return on their investment. they don't ask for the 30% premium that has been discussed. this is why the prices in bangkok are now overpriced - yes they are overpriced - by any standard you want to use.

without the developer the project would not exist.

without the home owner the project would not exist.

without the flipper -the project would still go on.

the project would exist without the flipper - the flipper exists only to skim off the top, and people pay a premium for the same product.

without the flipper, the market can find an equilibrium that suits the requirements of a given area - developer to homeowner - a good market condition of supply and demand without too many distortions - the flipper distorts exponentially the more there are - and this causes problems!

[shochu]

if you are suffering health problems - then i sympathize with you - but i find the timing a bit odd that you would bring this up now. it smacks of a good weapon in the arsenal of many a salesman I have encountered.

also, you sound like a salesman flogging a product - when the market is not that good right now and i believe if one sounds like it then one generally is.

the japanese are not fools. they are very good at finding the right prices and are generally very tight with their money in most day to day living things. i know that they have a good living alllowance but even they do not generally spend it recklessly ifif they can benefit from it. i know japanese in bangers and they tend to generally go through an agency of their own. somehow this sounds suspect - but i will give you the benefit of the doubt on this one. tell me - do tell me - how do you communicate with the japanese?

if I am wrong then my appologies - but i don't think I am wrong!

[Irene]

shochu,

QUOTE (shochu @ 2008-03-29 15:26:37)

http://www.thaivisa.com/forum/index.php?ac...amp;pid=1897670

irene,

i now understand why you and some others are so generous in offering advice regarding rental - in particular your rentals and how well you are doing even though some of your rentals seem to defy the norm and now it is very evident that you are using this forum to make it appear that one can earn a very tidy sum by a)renting out to foreigners BUT one must first b)buy from a foreigner - and it is a nice win win situation for you if you are involved in both - yes?

if you are going to give advice under the guise of advertising - at least pay the dues and give thaivisa a fee for using their website or at least offer advice that is real - such as that there is an increasing rental backlog and that rental prices are coming down and will for some time to come. anyone who knows the rental market in bangkok knows this.

i see you have now changed your selling line a bit to adjust for my revelations that seem to refute some of what you speak!

Again, you are wrong.

First,the range of my rental is 65,000 to 85,000/month. 95% of my property are leased to a non-English speaking race, Japanese. My potential tenants do not read this forum.

Second, out of all my purchases of our condos, I have never bought them from foreigners or potential readers of this forum. Either, I bought them from the developers, off-plan, or in majority being "victims" of the flippers in buying second-hand from Thais. Mostly, the flippers made Baht1M to Baht3M profits from me. I have been happy with all these purchases from the flippers because I view the prospect as somewhat proven after the property is built and the growth potential is in my view good. The reason why I believe so because of the rush to rent my property from all types of estate agents. All my rental has gone up.

So far I have never sold my property. Why so? The answer is with the location. Almost at every stations along Rajdamri to Sukhumvit 67, I got involved. Why do I share my experiences with readers of this forum? I simply like to widen the horizon of readers of this forum in which they have been innundated with one-sided advices. I also like to read advices from someone to me that my perception is incorrect despite it has proven correct so far. Instead, I have been receiving insults that I am stupid and uneducated. However, I received one good advice from one reader that don't believe in one's past records because the chemicals may not be the same now. Because of this advice, I have become cautious.

Third, I got this idea of being a flipper because previously I was not long-sighted enough to buy off-plan. Recently, I bought at Sky Walk (Sukhumvit 67) and a couple of units at Taksin Bridge, off-plan. I see both as great potential for growth because of advantages of being commuters since both sites are next door to sky train stations and can be subject to large developments because of population growth in both areas. I know it is risky if the projects turns sour. I can lose 30% of my progressive payments. If I am proven right, I can make large profits from taking this risk.

I can see that you don't like me and call me of all sorts which I don't mind. But, don't doubt my integrity. I am prepared to stay away from this forum completely just to please you. I came into this forum because of my previous stress on health problem and I was touched by the responses which guided me to the right path. I don't understand why topics like economy, baht strength and property investments, there are so much mistrust. Please believe me I am real with no ulterior motives to pump my property value.

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if you are suffering health problems - then i sympathize with you - but i find the timing a bit odd that you would bring this up now. it smacks of a good weapon in the arsenal of many a salesman I have encountered. I just explained why I bother to share my profitable experience with others. It was not my health problem but my daughter's and I was then guided by others in this forum to correct the situation. I remember their kindness and reciprocate in return in whatever ways I can to this forum.

also, you sound like a salesman flogging a product - when the market is not that good right now and i believe if one sounds like it then one generally is.Now I understand why you are so certain of my status as a salesman. But you have to be open-minded to know of a niche market and I want others to know that in my niche market, the market is still strong. Is this niche market sustainable?

The answer is with the hope of continuous growth of Thailand's auto industry. I would be sunk if the auto industry moves somewhere else like Vietnam.

the japanese are not fools. they are very good at finding the right prices and are generally very tight with their money in most day to day living things. i know that they have a good living alllowance but even they do not generally spend it recklessly ifif they can benefit from it. That is correct, they are careful with their money, but they have been used to limited space and high-priced livings in Japan. So, what they see in Bangkok is relatively cheap. know japanese in bangers and they tend to generally go through an agency of their own. somehow this sounds suspectWe know all the Japanese estate agents in town and we always acquiesced to their tenants' requests since their requests have always been fair. Furthermore, we are always punctual in paying brokerage fees of one month since we believe our net yield is still good. We are truly impressed with their culture and have been scratching our head on their

War's cruelty. There has never been a default in their rental and always on time. - but i will give you the benefit of the doubt on this one. tell me - do tell me - how do you communicate with the japanese? Broken English, sign language, via their estate agents and because of our long term relationship, our assistant can now speak broken Japanese. Their agents are not the one-off type since they continue to serve their clients during the tenancy. If not communicable, the tenant will ask the related estate agent to call us to explain their wishes. On average, they all stay with us for three years. On every renewal, we spend on refurbishing and repainting if need be. The business runs on its own without much of our involvement. We have one assistant taking the calls for all the complaints and repair requests. Hence, it is not taxing for us as an owner. So, it fits into our wish of maintaining an investor's role.

if I am wrong then my appologies - but i don't think I am wrong! Yes, you are very wrong and your apologies are accepted.

[xyborg]

if you are suffering health problems - then i sympathize with you - but i find the timing a bit odd that you would bring this up now. it smacks of a good weapon in the arsenal of many a salesman I have encountered.

also, you sound like a salesman flogging a product - when the market is not that good right now and i believe if one sounds like it then one generally is.

the japanese are not fools. they are very good at finding the right prices and are generally very tight with their money in most day to day living things. i know that they have a good living alllowance but even they do not generally spend it recklessly ifif they can benefit from it. i know japanese in bangers and they tend to generally go through an agency of their own. somehow this sounds suspect - but i will give you the benefit of the doubt on this one. tell me - do tell me - how do you communicate with the japanese?

if I am wrong then my appologies - but i don't think I am wrong!

YOUR WRONG!! you are so so wrong but dont worry ill keep on raking the money in on your wrong assumptions.