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78
Please recommend some Pattaya condominium
Happy to be a 'sucker' who, thank god, bought my first condo. Had I not, I would be scraping by with just my pension and SS. That worked for me, with my tight financial situation. Others more affluent might have done better with a different financial strategy. If you've followed any of my real estate posts you'll know that I don't buy and hold real estate--although that is a very sound option, in my opinion. Instead, I buy, fix up while I live in the property, and then sell quickly, making a profit on either the renovation or, in recent years, the new build of a house. This worked in the US and my spouse and I have been doing the same thing in Thailand since December 2009. We just bought our 27th property here--so not much holding going on. However, there is ample evidence that real estate does follow an upward trajectory over time, especially in the US. I've given examples of several properties that I personally owned, including the first condo I bought in the US. And, the last condo. I get updates from Zillow on other condos I have owned and they are all appreciating, as well. I know all my siblings own and they have an asset that is also appreciating, over time. Another example might be the house my parents bought in 1972 in a rather sleepy town in Pennsylvanina--not exactly a hotbed for go-go real estate. They paid $45,000 and lived in it until 2009, when my Dad died and Mom went into a nursing home. The house was sold for $150,000. I don't know what rent payments would have added up to from 1972 to 2009 had they rented but I do know the $150,000 helped pay for Mom's nursing care. So, $45,000 to $150,000. Upward, over time. I'm doing more buying and holding with our stock portfolio, which has a number of stocks paying a 5% or more dividend. I will likely be holding most of them long-term. I've given an example of long-term stock holding, in past threads, using my Dad's stock portfolio, which was, I think, a very well-rounded portfolio, with lots of blue chips and well-known, sound companies. In 2009, when he died, the portfolio had a value of around $600,000. We kids, as future heirs, did nothing except hold the stocks, as the dividends helped pay for Mom's nursing care. When she died in 2019, the portfolio was worth about $1,800,000. The portfolio was then split up. Had it not been distributed, and with absolutely no buying or selling, just holding, today it would have a value of $2,375,000. So, some good examples of the upward trajectory of both stocks and real estate, over time. Recently there was a news article I noticed on Yahoo regarding so many Americans becoming millionaires in record numbers. It's not difficult to see why. If you're a homeowner in the US, you're likely about halfway there with just your house's value. Add in other investments, the 401, and inheritances from thrifty parents and grandparents and that pretty easily gets you to a million by retirement age. My examples above are for the US. The Thai real estate market is somewhat different, with short-term buy/sells in some cases producing more, or about the same profit, as properties held long-term. At least, in our experience. But, as with America, buying and living in a property long-term here, and avoiding rent payments, will result in an asset you own rather than a bundle of rent payment receipts. There are certainly rental bargains, as well, should you prefer to rent in a foreign country. -
41
Bar & Booze hours this week
Thanks for the update.I checked Google but it was wrong. -
26
Report Thai Coconut Industry Ends Monkey Labour to Win Back Trust
😂 They are b’stards like, chimps too, and getting up in the trees to do some work is better than them hanging around in gangs terrorising people and wrecking property. They create havoc in Lopburi, Krabi, Songkhla and other places they’re allowed to congregate. Of the ones I’ve seen go up in trees for coconuts and fruits, they are well treated and fed and seem to enjoy it, being foragers and innate climbers. But as soon as the do-gooder types get a whiff of it, they scream exploitation. Total morons. The only monkeys in this case are the politicians screwing with peoples’ and animals’ lives. F off and do some real good by addressing the smoking vehicles transporting the coconuts! -
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Transport Over 20 Speed Bumps Spark Public Outcry in Ratchaburi Village
You really don't want the answer to that. -
25
Is Trump completely losing the plot?
I love reading stupid comments from lefties.
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