30+30+30 Years Lease

[prefabs]

Despite the other thread running on this subject, and repeated opinions to the contrary, Thaihus Real Estate agents in Pattaya are still telling people that the 30+30+30 route is the best option. I just got a letter from them advising me to go this way.

Maybe Thaivisa membership should be part of all property contracts in Thailand, let people know the story.

[steelepulse]

If people were told the truth in that all they are doing is locking themselves into a 30 year rental contract, sales would be extremely tough.  Who knows if you want to be a renter in Pattaya for 30 years at the same place. So instead agents are reverting to misleading the buying public.

I know when I see signs here in Phuket advertising 30 year condo leases at a cost of more than an outright purchase of a house costs, I ask myself who would be buying.

[Gary A]

No one should be surprised at this. There are still lawyers and real estate agents touting owning your own home through Thai companies.

[Khun Jean]

You could report them to the Thai authorities that a farang is working in the realestate business selling houses under false pretenses.

[fred2007]

If people were told the truth in that all they are doing is locking themselves into a 30 year rental contract, sales would be extremely tough. Who knows if you want to be a renter in Pattaya for 30 years at the same place. So instead agents are reverting to misleading the buying public.

I know when I see signs here in Phuket advertising 30 year condo leases at a cost of more than an outright purchase of a house costs, I ask myself who would be buying.

Rich Arabs I guess

[johnnyk]

I saw an ad on Pattaya TV last night telling me property was a great investment, values only going up!

Glad I saw it as I had somehow gotten the impression that housing and everything else around the world was in the toilet.