Hot Thread. Look Into Real Estate Forum

[swissie]

Enormus interest in this thread. For anyone thinking of a long term stay in Thailand it's a "must read". Especially, if your thinking about investing into "Homeownership". Some of the pictures of homes built by Farangs will take your breath away !

Really beautiful Homes. Let's be confident, that all the builders are aware of the Land / Property / Ownership Laws in Thailand as far as Farangs are concerned. I think this is the case.

Most Farangs that have made investments in Land / Property will declare with conviction: If it doesen't work out, no problem, it was a write-off from the beginning and in the first place. This is the way it should be.

But (we all have met them or heard of them), after an "Isaan-Property-Owner-Adventure" has ended, oftentimes the final comment is: " If I think what I could have done otherwise with my 3 Million Baht that I invested in this *"&/?`+"%/() person, .....................it makes me sick."

Fortunately, such situations are getting fewer and fewer. Right? I think. I hope. maybe. possibly. If not: A good part of Farangs in Thailand have (obviously) abandoned principles like "learning from other peoples mistakes". = The cheapest way to learn.

Cheers.

[Theoutsider]

And the point is?

[MJP]

Depends on whether you have children here and don't intend to settle them in your home country. Build multiple homes and put them in the kids' names, not one single grand palace. This way, when the kids are old enough they can have their homes and leave dear old Dad in his rocking chair to clip his Tesco coupons, something I very much look forward to.

Otherwise rent. R.E.N.T . . . rent!

Remember you can own vehicles as a foreigner here, so put the cars in your name, you paid for them. It's about removing temptation. The more you give the bigger your problems will likely be. Sometimes the temptation can be the temptation to kill, so don't put yourself in harms way. (This paragraph was based on the stereotype of a kindly gentlemen rescuing the Issan damsel in distress and I apologize in advance if this offends).

[geriatrickid]

The downside of a vehicle in one's name is that it makes one a target in the event of a collision with someone that results in bodily injury. Obviously if one is going to live in Thailand for a long time there are legitimate reasons for having the vehicle in one's name. If that's the case, one has to max out the 3rd party liability coverage. BUT, how many foreign owners do that. After a few years complacency sets in. The TW will settle it, or the copper family member will fix it etc.

I'm not going to put 10million baht into a home I will never own. Not now at least.

[MJP]

The downside of a vehicle in one's name is that it makes one a target in the event of a collision with someone that results in bodily injury. Obviously if one is going to live in Thailand for a long time there are legitimate reasons for having the vehicle in one's name. If that's the case, one has to max out the 3rd party liability coverage. BUT, how many foreign owners do that. After a few years complacency sets in. The TW will settle it, or the copper family member will fix it etc.

I'm not going to put 10million baht into a home I will never own. Not now at least.

Take the bus. Superb is the VIP coach service in this country and each exhilarating fourteen hour journey never fails to entertain.

Class 1 insurance with all the extras.

Anyway. Yes. Rent.

[Theoutsider]

Depends on whether you have children here and don't intend to settle them in your home country. Build multiple homes and put them in the kids' names, not one single grand palace. This way, when the kids are old enough they can have their homes and leave dear old Dad in his rocking chair to clip his Tesco coupons, something I very much look forward to.

Otherwise rent. R.E.N.T . . . rent!

Remember you can own vehicles as a foreigner here, so put the cars in your name, you paid for them. It's about removing temptation. The more you give the bigger your problems will likely be. Sometimes the temptation can be the temptation to kill, so don't put yourself in harms way. (This paragraph was based on the stereotype of a kindly gentlemen rescuing the Issan damsel in distress and I apologize in advance if this offends).

Aye your right, one size does not fit all.

Sorry mate my wife is not broke.

She comes from a village so that probably implies to people here that she is a thick money grabbing %$%$^ and she will probably kill me if I has life insurance.

"put the cars in your name, you paid for them". Why should I put it in my name when she will pay for it?

Ok I will put in my name and get her to pay for it.

can I still get 50% if we split

[MJP]

Depends on whether you have children here and don't intend to settle them in your home country. Build multiple homes and put them in the kids' names, not one single grand palace. This way, when the kids are old enough they can have their homes and leave dear old Dad in his rocking chair to clip his Tesco coupons, something I very much look forward to.

Otherwise rent. R.E.N.T . . . rent!

Remember you can own vehicles as a foreigner here, so put the cars in your name, you paid for them. It's about removing temptation. The more you give the bigger your problems will likely be. Sometimes the temptation can be the temptation to kill, so don't put yourself in harms way. (This paragraph was based on the stereotype of a kindly gentlemen rescuing the Issan damsel in distress and I apologize in advance if this offends).

Aye your right, one size does not fit all.

Sorry mate my wife is not broke.

She comes from a village so that probably implies to people here that she is a thick money grabbing %$%$^ and she will probably kill me if I has life insurance.

"put the cars in your name, you paid for them". Why should I put it in my name when she will pay for it?

Ok I will put in my name and get her to pay for it.

can I still get 50% if we split

You lucky devil you!

Folks round here with money seem to be in the sandwich business. There's been an incredible economic change here in the sticks over the past five years. Yes, still way too many poor folks, but sadly much of that is down to the booze and dysfunctional families. However, the place is far more organised and rational. It's nice to see.

[bkkjames]

I live in a one year old 10 million baht condo on the river which I pay 21k a month to rent.

In 5 years time said condo going by the high quality construction standards will be worth 6 million is my estimation.

I am not the sharpest tool in the shed but me thinks I made a good investment.

[craigt3365]

I live in a one year old 10 million baht condo on the river which I pay 21k a month to rent.

In 5 years time said condo going by the high quality construction standards will be worth 6 million is my estimation.

I am not the sharpest tool in the shed but me thinks I made a good investment.

Or do like my friends did. Buy a quality condo in a great location. 7 years later they have more than doubled their money, building looks fantastic, and buyers drop by every week or so looking for units that are for sale.

Not everybody here lost money on RE.

[Theoutsider]

Depends on whether you have children here and don't intend to settle them in your home country. Build multiple homes and put them in the kids' names, not one single grand palace. This way, when the kids are old enough they can have their homes and leave dear old Dad in his rocking chair to clip his Tesco coupons, something I very much look forward to.

Otherwise rent. R.E.N.T . . . rent!

Remember you can own vehicles as a foreigner here, so put the cars in your name, you paid for them. It's about removing temptation. The more you give the bigger your problems will likely be. Sometimes the temptation can be the temptation to kill, so don't put yourself in harms way. (This paragraph was based on the stereotype of a kindly gentlemen rescuing the Issan damsel in distress and I apologize in advance if this offends).

Aye your right, one size does not fit all.

Sorry mate my wife is not broke.

She comes from a village so that probably implies to people here that she is a thick money grabbing %$%$^ and she will probably kill me if I has life insurance.

"put the cars in your name, you paid for them". Why should I put it in my name when she will pay for it?

Ok I will put in my name and get her to pay for it.

can I still get 50% if we split

You lucky devil you!

Folks round here with money seem to be in the sandwich business. There's been an incredible economic change here in the sticks over the past five years. Yes, still way too many poor folks, but sadly much of that is down to the booze and dysfunctional families. However, the place is far more organised and rational. It's nice to see.

Well, we are both working back in Europe at the moment so thats why the cash is coming in.

She is doing very well and has been promoted to manager.

It is a common prescription that it is just the western husband that invest all their money into houses (or any investment) even though marriage is 50/50.

I think that it is because there are a lot of mature men coming into the relationship with a lot of cash they have acclimated over the years of hard work. (I am 30ish).

[bkkjames]

I live in a one year old 10 million baht condo on the river which I pay 21k a month to rent.

In 5 years time said condo going by the high quality construction standards will be worth 6 million is my estimation.

I am not the sharpest tool in the shed but me thinks I made a good investment.

Or do like my friends did. Buy a quality condo in a great location. 7 years later they have more than doubled their money, building looks fantastic, and buyers drop by every week or so looking for units that are for sale.

Not everybody here lost money on RE.

Not saying everyone did Craig, there are a few good buildings out there for sure that will always be in demand.

Just be careful is my word of advise to those caught up with all the extras on the brochure promise list (fab facilities etc) and then the building gets sold out to local investors who havent been able to flip their units and at the first condo management meeting try to cut all costs out of the building.

[geriatrickid]

I live in a one year old 10 million baht condo on the river which I pay 21k a month to rent.

In 5 years time said condo going by the high quality construction standards will be worth 6 million is my estimation.

I am not the sharpest tool in the shed but me thinks I made a good investment.

Bingo. But will anyone heed your wisdom....................

[robblok]

I live in a one year old 10 million baht condo on the river which I pay 21k a month to rent.

In 5 years time said condo going by the high quality construction standards will be worth 6 million is my estimation.

I am not the sharpest tool in the shed but me thinks I made a good investment.

Just one question ? what investment. You did not invest. You made a smart decision not to buy but to rent it and i have to agree with that.

[bunnaag]

are you the same swissie that intends to construct a 100 000 Bath retirement shed for yourself and your wife?

[villagefarang]

If I were the suspicious type, I might think you were trying to piggyback off the success of my friendly, nonjudgemental thread Finished House Pictures, simply to promote your own opinions or agenda.

Thankfully I’m not the suspicious type and am hopeful that you will convince some latecomers to join in and post pictures of their homes on the Finished House Pictures, thread.

Thanks for your support.

[swissie]

are you the same swissie that intends to construct a 100 000 Bath retirement shed for yourself and your wife?

Yes I am. May go as high as 200'000. But this would be the upper limit (according to my Wife).

- We have shown the pictures to a number of residend Thai-Ladies here in Farang country and the general opinion was: Nice ! Big house increases the standing of me within a rural Thai-Community! = Gaining Face!

But as large the house may be: Not enough rooms! Thai's like small rooms within a building. The true value of a house is measured in the number of rooms within a house. And not the size in (scuare foot) of the rooms!!! I have tried to explain this phenomen to Farangs for the last 15 years. No success, I give up! A Thai woman raised in the deepest Isaan will not feel comfortable in such an environement.

-So, while the large house (in her small village) will increase the "standing" of her (= the true owner!), whenever there is a party or other social events, it will not likely take place in "her house" but in the middle of the village and everybody will be sitting on the floor and wondering why there is something like "Furniture" in the house that nobody ever uses exept for sleeping purposes. Oftentimes this sleeping place has cost somewhre between 2 and 3 Million Baht ! End of story, you figure !

Cheers and good luck to those that refuse to learn, even if the facts scream into their face !! Cheers !

[craigt3365]

I live in a one year old 10 million baht condo on the river which I pay 21k a month to rent.

In 5 years time said condo going by the high quality construction standards will be worth 6 million is my estimation.

I am not the sharpest tool in the shed but me thinks I made a good investment.

Or do like my friends did. Buy a quality condo in a great location. 7 years later they have more than doubled their money, building looks fantastic, and buyers drop by every week or so looking for units that are for sale.

Not everybody here lost money on RE.

Not saying everyone did Craig, there are a few good buildings out there for sure that will always be in demand.

Just be careful is my word of advise to those caught up with all the extras on the brochure promise list (fab facilities etc) and then the building gets sold out to local investors who havent been able to flip their units and at the first condo management meeting try to cut all costs out of the building.

Unfortunately, the scams abound. Same guy I mentioned got into an "off plan" condo...and is dealing with the consequences now. Brochure doesn't match what is being delivered!!!! It's a mess....

Just in case you guys want a peak, here's the thread the OP is referring to. There are some really, really cool houses in this thread.

http://www.thaivisa.com/forum/topic/257672-finished-house-picture-views-and-gardens-welcome/page__hl__finished+house+picture

This should be in the Real Estate forum, but let's let this one ride here for a short time...

[villagefarang]

Just in case you guys want a peak, here's the thread the OP is referring to. There are some really, really cool houses in this thread.

http://www.thaivisa.com/forum/topic/257672-finished-house-picture-views-and-gardens-welcome/page__hl__finished+house+picture

This should be in the Real Estate forum, but let's let this one ride here for a short time...

Thanks for yet another link to my thread. At this rate, it may soon get to 60,000 page views. Just wish more people would post pictures of their lovely homes.

[craigt3365]

Just in case you guys want a peak, here's the thread the OP is referring to. There are some really, really cool houses in this thread.

http://www.thaivisa.com/forum/topic/257672-finished-house-picture-views-and-gardens-welcome/page__hl__finished+house+picture

This should be in the Real Estate forum, but let's let this one ride here for a short time...

Thanks for yet another link to my thread. At this rate, it may soon get to 60,000 page views. Just wish more people would post pictures of their lovely homes.

And my thanks to you for starting this! It really helped us out when we built our house. Plus, met quite a few great people who supplied us with lots of advise.

[bina]

And not the size in (scuare foot) of the rooms!!! I have tried to explain this phenomen to Farangs for the last 15 years. No success, I give up! A Thai woman raised in the deepest Isaan will not feel comfortable in such an environement

swissiw, where did u learn that thais prefer small rooms and lots of them? im mostly around country thai, and recently the new one story house/apartments on our kibbutz were finished and they had an oepn house for all of us to see the designs, etc. i went with hubby and his thai cronies. they all loved the very wide open salon livng room areas and didnt really like the different rooms: bedrooms, computer room, etc. the houses they most appreciated were the ones that had more physical open space and less closed rooms (the hosues that people opted out on the third bedroom/computer room and/or pantry space, so the salon/family room was the noticable feature...

our own house has a salon that could be wider if we would take down the wall between the miniroom (now a sort of minicloset pantry gallery/loft area) and the salon. he and friends are always saying that thais 'chop wang' (like space/open/empty). more room for parties, families, etc.

bina

israel

[craigt3365]

And not the size in (scuare foot) of the rooms!!! I have tried to explain this phenomen to Farangs for the last 15 years. No success, I give up! A Thai woman raised in the deepest Isaan will not feel comfortable in such an environement

swissiw, where did u learn that thais prefer small rooms and lots of them? im mostly around country thai, and recently the new one story house/apartments on our kibbutz were finished and they had an oepn house for all of us to see the designs, etc. i went with hubby and his thai cronies. they all loved the very wide open salon livng room areas and didnt really like the different rooms: bedrooms, computer room, etc. the houses they most appreciated were the ones that had more physical open space and less closed rooms (the hosues that people opted out on the third bedroom/computer room and/or pantry space, so the salon/family room was the noticable feature...

our own house has a salon that could be wider if we would take down the wall between the miniroom (now a sort of minicloset pantry gallery/loft area) and the salon. he and friends are always saying that thais 'chop wang' (like space/open/empty). more room for parties, families, etc.

bina

israel

Agreed...Thai's love a large room...and the less furniture, the better! They think it makes the room look bigger, which it does. In our village, many Thai's knocked down walls to combine kitchens, living rooms and dinning rooms into one large room, then added on a smaller kitchen. Most farangs left the rooms as individual spaces.