I didn't realize that some farang in Pattaya buy condos not to live in, but to rent out.

Is this common ? How many farang owned condos in Pattaya were bought to rent out ? 20 % ?

28.97 %

They have to rent them out they can not sell them. The second hand market in Thailand sucks.

The second hand market in Thailand sucks.

hey , that's my line .

They have to rent them out they can not sell them. The second hand market in Thailand sucks.

Yes, I am sure there are people who say that they choose to rent out, when in fact they are forced to rent out because of low prices.

(Being interested in buying a second hand condo, I don't mind that the second hand market "sucks".)

I think many farangs have say 5 apartments only for renting, like a sort of investment and monthly income (good luck), and the same applies for houses.

A friend of mine are in a pool where they have app. 15-20 condos in all, and then once every year they sit down and calculate how much money was earned and then you get paid according for you % of the pool. Quite cool.

I think many farangs have say 5 apartments only for renting, like a sort of investment and monthly income (good luck), and the same applies for houses.

A friend of mine are in a pool where they have app. 15-20 condos in all, and then once every year they sit down and calculate how much money was earned and then you get paid according for you % of the pool. Quite cool.

Or how much they have lost.

I think many farangs have say 5 apartments only for renting, like a sort of investment and monthly income (good luck), and the same applies for houses.

A friend of mine are in a pool where they have app. 15-20 condos in all, and then once every year they sit down and calculate how much money was earned and then you get paid according for you % of the pool. Quite cool.

Or how much they have lost.

Yes Patts are flooded with excess apartments, but his way is the best way to do I think, he will always get money in, but last year was only 2-3 month worth

Thanks guzzi. Finally an answer to my question.