Where can I do some condo shopping?

[JSixpack]

There will be no carnage. Simply a fact of life. With bank of Japan going into negative territory even an overpriced condo is better than keeping money in bank.

A profound and revelatory point that will change forever the timing and cause of the perennial CONDO GLUT and CONDO CRASH! threads so beloved by room renters. They've totally neglected to watch the Bank of Japan! Right under their noses. No wonder they've been wrong all these years.

So you've finally given the proper indicator. Hopefully this will replace the "condo lights on at night" indicator that has proven so unreliable. Thank you!

[theguyfromanotherforum]

I am having trouble detecting the level of sarcasm in your post

[balo]

Just ask the seller for a 50% discount and you're close to the actual market price.

[mcfish]

Just ask the seller for a 50% discount and you're close to the actual market price.

I had the pleasure of dealing with such imbeciles when I sold my first condo. The only upside is they would blurt out "you take half price" within 5 minutes since they have no interest in the property lay out. A shove to the door is the only Way to deal with them [emoji1] [emoji1]

Sent from my SC-01D using Tapatalk

[Nomyai]

Just ask the seller for a 50% discount and you're close to the actual market price.

I had the pleasure of dealing with such imbeciles when I sold my first condo. The only upside is they would blurt out "you take half price" within 5 minutes since they have no interest in the property lay out. A shove to the door is the only Way to deal with them [emoji1] [emoji1]

Sent from my SC-01D using Tapatalk

Did you find a buyer or you still own the loser?

[Seizetheday]

There will be no carnage. Simply a fact of life. With bank of Japan going into negative territory even an overpriced condo is better than keeping money in bank.

Where?? In Japan??

[theguyfromanotherforum]

There will be no carnage. Simply a fact of life. With bank of Japan going into negative territory even an overpriced condo is better than keeping money in bank.

Where?? In Japan??

It doesn't matter where if bank pays you no interest.

[JayBird]

Who intentionally raises young kids in Pattaya? Lots of people. It seems too many TV posters seem to think that everyone is here in Pattaya to park themselves on a bar stool every evening, drink themselves silly, and maybe bring a working girl home. Yes, some are doing that but it's not a large percentage of the overall population--it's just very visible on certain streets, which can easily be avoided. The number of Western men riding a bar stool nightly is probably not growing, or at least not growing as fast as other groups. So, some of the bars maybe seem not quite as lively and you get the ridiculous 'Pattaya is Dead' thread when it has never been more alive, growing, and evolving. You're seeing more tourists arrive as families--and not just in tour groups. Chinese and Russians but others, as well.. Lots more Bangkok people are coming to their Pattaya condos on weekends with their families and friends--expect to see that even more when The Base opens as it was marketed to BKK yuppies. And there's always been the maybe invisible to some but still very much there expat families. Of course, there will likely always be an adult entertainment component to Pattaya, just as there will always be a gambling component to Las Vegas, and for both cities they are important. But, also for both cities, you can raise young kids and not set foot in a casino or an adult bar. Much as some of you like to think that Pattaya is all just about you, sadly, it is not.

For what it's worth, I spent a few weeks in Pattaya and completely avoided the 'Scene' and still had an enjoyable time:

-- Skip Soi 6, 6/1 (the latter as a general rule)

-- Skip Soi Diana (Where there is a corner full of gogos)

-- Skip for the most part the beer bars adjacent to Central Festival

-- Skip most (but not all) of walking street

-- Skip out some of the beer bar complexes

(Put another way, if you do not explicitly walk into a Go-Go, and do walk around with your GF clinging to you, no other girl will bother you unless you approach them)

That still leaves a *VERY* large city (Pattaya is one of the largest cities in Thailand), and lots of entertainment options:

-- Pool halls

-- Beer Bars with live music (go there with your GF and none of the girls will bother you)

-- Great live music in bars in Walking Street (don't go into anything whose inside is not visible from the street and you'll have a grand old time)

-- Endless restaurants

-- Lots of shopping options / malls which are obviously not part of the scene

-- Go karts, beaches, swimming pools, cinemas, bowling, karaoke (sadly Thai only!)

And once you leave Central Pattaya (dark side, jomtien, nakula) you would hardly know there was a scene going on unless you were looking for it.

Now, back on topic:

ddproperty has a good search engine

google pattaya condos and find out the engine of the week

The smart person will find *where* they want to live in Pattaya first, walk around, and look at condos in that area -- chances are high there's a unit available (if you do not want to live on the hill, why search condos in that area for example).

The really smart person will make sure the condo is built and managed by a compotent team (its one thing to build a condo, its another thing to manage it, and if they do not manage it well you will end up fleeing the place... by managing I mean: Do they spray for bugs or are you okey with roaches? Do they clean the pool, gardens, etc. For example, *EVERY* morning I see them cleaning the pool for 1-2 hours in my BKK condo, and see 5 security guards on duty all the time).

And the really really smart person will think twice about buying a condo here for investment purposes (there are *SO* many people doing it, including those who have been doing it a long time and are physically here all the time to keep an eye on their property). Can you compete with them?

Of course, if you plan to buy the condo to live in it's different approach than buying one to rent out. You may actually want to look at condos that do NOT advertise: Guarananteed 7% return! (as that translates to : You'll have new neighbours every other week, possibly un-nice, un-friendly, who abuse the facilities as its a hotel and they don't care).

For those who suggest to rent: Buying is a viable option if you factor in no appreciation in property values and look at it as purely a diversification of your portfolio with a currency rate hedge. I.e, if a 3M THB condo was being rented out at 17,500 THB that would be a 7% per year cost. So you could buy the 3M THB condo, avoid paying the 17,500 THB and in essence be 'earning' a 7% return on your investment (withou currency risk) but also unlikely to have capital appreciation. Even if you factor in deprecation, you could still be getting a 5% return on invesment, which is good (as part of a diversified portfolio of course).

[Hal65]

For what it's worth, I spent a few weeks in Pattaya and completely avoided the 'Scene' and still had an enjoyable time:

-- Skip Soi 6, 6/1 (the latter as a general rule)

-- Skip Soi Diana (Where there is a corner full of gogos)

-- Skip for the most part the beer bars adjacent to Central Festival

-- Skip most (but not all) of walking street

-- Skip out some of the beer bar complexes

(Put another way, if you do not explicitly walk into a Go-Go, and do walk around with your GF clinging to you, no other girl will bother you unless you approach them)

That still leaves a *VERY* large city (Pattaya is one of the largest cities in Thailand), and lots of entertainment options:

-- Pool halls

-- Beer Bars with live music (go there with your GF and none of the girls will bother you)

-- Great live music in bars in Walking Street (don't go into anything whose inside is not visible from the street and you'll have a grand old time)

-- Endless restaurants

-- Lots of shopping options / malls which are obviously not part of the scene

-- Go karts, beaches, swimming pools, cinemas, bowling, karaoke (sadly Thai only!)

I'm sure you and I have never crossed paths

Edited March 29, 2016 by Hal65