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157
Pattaya Condos: History and Future
No, but how buying/selling and supply/demand works is the same. -
11
UK Secret Afghan Evacuation Exposed After 23-Month Gag Order Lifted
Turns out Starmer's' word salad' berating of the Tories, was yet another load of tosh! as at the time and now the shadow/ defense secretary John Healey' turned down the Afghan' crisis briefing of behalf of Sir multi tier.🤔 -
157
Pattaya Condos: History and Future
No reincarnation here. I became a member in Jan 2011, way before I started living here full time. Contrary to your belief, many share a similar opinion to myself, and it's not based on negativity or conspiracy theories, it's based on the reality on the ground here, which includes a mix of the many things I have posted. One thing I have not expanded on too much, and it is because it is one of the biggest unknown factors when making a decision to buy here, and one which you seemed to agree with, was the big question of life expectancy. Buying a "forever condo" in Thailand comes with the unknown factor of how long will one live for? If one was to buy some run down shoe box studio for cheap, and pass away a few years later, they may realize a financial benefit on paper. Of course, they are dead, so they don't get to realize any actual benefit should the total monthly rent exceed the purchase price. If one was to buy a higher end condo for many millions of baht, and pass away a few years later, have they got a return on the money they have put down for the property, when compared to renting the exact same property, no. It's not being negative to discuss the above. We will all die one day, and when buying a property in one's late 60's, life expectancy must be considered. I know one guy here who has implemented an interesting work around. He bought a condo in his son's name, so upon his passing, there's no problems, it's still his son's. (the son is a farang) I've met his son, as he frequently holidays in Thailand, so in this case, I agree buying was not a bad idea, as the property ownership would / should benefit two generations, given their relationship remains stable, and so does Thai foreign property ownership, and Thai visa laws remain stable as well. I know what it feels like to experience the satisfaction of owning a property. That feeling of stability and control over one's micro environment. Yes, in a way, the ability for one to hang their "Chinese wall art." This feeling, or "sentiment" is something I know I personally would not feel by owning a property in Thailand. I, and many of my friends, would feel the opposite. I would feel it's a risk. I would feel tied down. I would feel at the mercy of changes to policy in Thailand. I would feel a sense of loss of freedom of movement. Notice none of the previous have anything to do with making money and whether the condo is an appreciating asset. People of the current retiree generation have matured with the theory "rent is dead money." Given all the things discussed by myself, pro renting, and yourself, pro owning, how applicable is the "rent is dead money" theory in Thailand really? I have no problem with people who chose to buy, I just challenge their notion that their property is an "investment." In many cases, one is gambling with life expectancy. Then, you have the many other things as previously discussed to consider. Life expectancy is an unknown, however, math can still be applied to age ranges of our own mortality. Indeed, life insurance companies pay actuaries to project life expectancy and premiums payable. Applying this math is nothing new. If one pays X amount for a condo, and does the math on several life expectancy models, and then compare it to renting the exact same condo, or a very similar condo, and the math reveals one has to live to say 95 years of age before buying puts them financially ahead, then you can see it makes no sense to buy, as there's not many 95 year old around. Of course, there's the "I want to leave something for the Thai missus when I go" motive, which I am happy to discuss, and it has been touched on, but that discussion may be for another thread. I also touched on a catastrophic injury / illness. Eg. stroke. This may see someone have to return back to their home country for free, government provided, long term health care. This may also see one unable to realize a benefit of buying, as opposed to renting. Your OP title is "Pattaya Condos: History and Future." I'll post the link again. https://www.globalpropertyguide.com/asia/thailand/price-history "The condominium segment experienced a notable deceleration, with price growth slowing from 7.20% year-on-year in Q3 2024 to 2.46% (1.45% inflation-adjusted) in Q4 2024." So, firstly, is the above link from a credible source? If so, the data sheds some light on your OP title, does it not? -
115
Will the Epstein saga tear MAGA apart?
555 talk about "Pot calling the kettle black" Someone looking back in your posts would ask if your having a laugh -
6
WISE Problems, July 2025 edition
Problem now resolved. Transfer cancelled, money refunded into my balance yesterday. Then sent $50K to my Bangkok Bank account, which I will then transfer to the wife's Kbank account. -
0
Need Canadian passport certified translation to Thai
Hello, I am trying to find somewhere to translate my Canadian passport to Thai and also have the translation certified. I need this to be put into my father in laws address book in Krasang. I’ve tried to find somewhere in Buriram but I can’t find anywhere that does certified translations for English to Thai. I am willing to travel to Surin as well. Most people are telling me that I can only have this service done at the immigration office in Bangkok. Can someone please help me and steer me in the right direction.
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