Many constructions are left half finished since Russians left . very sad.

[Ron19]

A flame post has been removed.

[Asiantravel]

11 hours ago, bkk6060 said:

Good luck.  I have a buddy who owns 2 real estate offices here.  He said there is currently a 5 to 8 year over supply.

Of course, with no real estate transparency or stats, who knows.

hard to put a positive " spin " on that information

Edited July 4, 2017 by Asiantravel

[brling]

54 minutes ago, Asiantravel said:

hard to put a positive " spin " on that information

"JSix" will put a positive spin on it.

[JSixpack]

20 hours ago, brling said:

"JSix" will put a positive spin on it.

 

No, what we have here obviously just further incontrovertible proof--out of so much, like the Miami condo market--that Pattaya's, and indeed Thailand's, long-prophesied Final Days are nigh and thus The Rapture. It merely adds to the abandoned construction evidence. But there's just a mountain of it you know, all over the internet.

 

Our ace TVF Economists have such an abysmal track record, what with predicting the failures of the deserted Big C Pattaya Klang, Big C South Pattaya, and CentralFestival Pattaya Beach, the building collapses, the non-demolition of the boutique hotel on Soi 17, the end of tourism owing to the promenade redevelopment (not to mention the crime, beach, pollution, rats, trash, broken pavements, overhanging signs blah blah), no skating rink at Harbor Mall and its collapse 6 months after opening, the swift closing of Hooters, etc.; but of course missing the obvious warning signs when The Avenue was first constructed; shocked when CentralMarina was remodeled; flabbergasted at the construction of Terminal 21, screaming the FIXED PIE rule . . . among so many others.

 

And they're girding for the horrible news that the tunnel ain't gon' flood. I dread that day; so many balcony jumps . . . .

 

So you know there's bound to be lots of grasping at straws and silly illogic just to maintain the will to live and get attention from somebody. I mean, where else but on an anonymous internet forum can the dire warnings of a superfluous old coot get a bit of response? Gotta admire the effort. We've brilliantly changed the buying/renting rules to FIFO and also mandated that all condos must first be sold in a foreigner's country as well before he can buy here. That should do it. And our renters have w@nked to the fantasy that Thailand's gon' change the visa rules to screw the owners and kill that pesky bewildering condo market so everybody has to rent. Yeah, Any Day Now! (I keep asking for the date, but get no answer.) Hee hee.

 

So this is an extremely positive meaningless rumor! Already spun, my man, and given comfort.

 

 

Edited July 5, 2017 by JSixpack

[fastandfurious47]

I live in Jomtien with my boyfriend before.  It is not a fun place for a lady nothing to do and many Russia people Niet Niet big mouth. We hate Jomtien.

Take your lady to Pattaya she will like good lady things to do she will like so much and be happy happy.

[thaibeachlovers]

On ‎7‎/‎5‎/‎2017 at 1:21 PM, fastandfurious47 said:

I live in Jomtien with my boyfriend before.  It is not a fun place for a lady nothing to do and many Russia people Niet Niet big mouth. We hate Jomtien.

Take your lady to Pattaya she will like good lady things to do she will like so much and be happy happy.

I think you posted on the wrong thread.

[thaibeachlovers]

On ‎7‎/‎5‎/‎2017 at 0:40 PM, JSixpack said:

 

No, what we have here obviously just further incontrovertible proof--out of so much, like the Miami condo market--that Pattaya's, and indeed Thailand's, long-prophesied Final Days are nigh and thus The Rapture. It merely adds to the abandoned construction evidence. But there's just a mountain of it you know, all over the internet.

 

Our ace TVF Economists have such an abysmal track record, what with predicting the failures of the deserted Big C Pattaya Klang, Big C South Pattaya, and CentralFestival Pattaya Beach, the building collapses, the non-demolition of the boutique hotel on Soi 17, the end of tourism owing to the promenade redevelopment (not to mention the crime, beach, pollution, rats, trash, broken pavements, overhanging signs blah blah), no skating rink at Harbor Mall and its collapse 6 months after opening, the swift closing of Hooters, etc.; but of course missing the obvious warning signs when The Avenue was first constructed; shocked when CentralMarina was remodeled; flabbergasted at the construction of Terminal 21, screaming the FIXED PIE rule . . . among so many others.

 

And they're girding for the horrible news that the tunnel ain't gon' flood. I dread that day; so many balcony jumps . . . .

 

So you know there's bound to be lots of grasping at straws and silly illogic just to maintain the will to live and get attention from somebody. I mean, where else but on an anonymous internet forum can the dire warnings of a superfluous old coot get a bit of response? Gotta admire the effort. We've brilliantly changed the buying/renting rules to FIFO and also mandated that all condos must first be sold in a foreigner's country as well before he can buy here. That should do it. And our renters have w@nked to the fantasy that Thailand's gon' change the visa rules to screw the owners and kill that pesky bewildering condo market so everybody has to rent. Yeah, Any Day Now! (I keep asking for the date, but get no answer.) Hee hee.

 

So this is an extremely positive meaningless rumor! Already spun, my man, and given comfort.

 

 

 

 

 

Oh J6, I do love your oh so positive spin on Pattaya, but................

 

It merely adds to the abandoned construction evidence

Plenty of that about to prove there is indeed abandoned construction in Pattaya.

 

deserted Big C Pattaya Klang, Big C South Pattaya, and CentralFestival Pattaya Beach

Did anyone say they were deserted?

I certainly said Central were built in the wrong town, but apart from being quiet I don't think I said they were going to close. No doubt you have it on file if I did say so.

 

the end of tourism owing to the promenade redevelopment

Now c'mon. Who said the promenade was going to end tourism?

It was a very bad idea and it is a very bad design, but people don't go to Pattaya for the promenade.

 

not to mention the crime, beach, pollution, rats, trash, broken pavements, overhanging signs blah blah

All of which is true.

 

missing the obvious warning signs when The Avenue was first constructed

and just how well is Avenues doing?

 

the swift closing of Hooters,

Did anyone say it was going to swiftly close?

All I remember is that posters said it was a bit pointless having busty girls as a draw card in Pattaya for obvious reasons.

Not the sort of place I'd go in, but in a world where people pay far too much for a cardboard cup of coffee just because it's got a brand name is a world where the deluded will pay too much just to sit in a non AC place like Hooters because of the brand name. Same up in Chiang Mai, but different brand.

 

shocked when CentralMarina was remodeled

Really? I preferred it before though. Used to be a really great food court that's gone now.

 

flabbergasted at the construction of Terminal 21

Seriously? It's the right place to put a big mall, and it's going to do really well.

 

kill that pesky bewildering condo market so everybody has to rent

Nah, it's as free a country as anywhere, and if people want to "invest" in property in Thailand, go right ahead. Just don't bother crying if it all goes wrong- some of us will laugh at them.

[teddog]

Not all condos either.   OK not much footfall and somehow businesses still keep going (somehow) but house prices, it makes grim viewing, well built smart 4/5 bedroomed houses, nice estates,(were), community pools slime ridden and green algae, house owners desperate to sell, mine crying at the doorstep not wanting me to move on, once property rich,now property poor,I'm renting, and thank God for that . The end certainly is nigh

[bkk6060]

I don't see the demise of this place at all.  On the contrary, I think it will continue to be more popular with a certain segment of the world tourists.  

But, the RE market is not good anyone that thinks otherwise is pretty naive and yes a few malls are doing poorly.

Terminal 21 will be the bomb a huge success #1.

I think Pattaya will flourish with more tourists in the future, not be some ghost town. I went to Central mall and Central Marina (I like it a l lot) today and both were pretty crowded people walking around with bags obviously buying something.  If they ever did build a nice casino watch out Chinese will love this place even more.

With this, I do see some of the expats leaving for one reason or another, but that is normal.

But as they do I bet more come in to "full fill their dreams". 

[JSixpack]

On 7/7/2017 at 1:40 PM, thaibeachlovers said:

It merely adds to the abandoned construction evidence

Plenty of that about to prove there is indeed abandoned construction in Pattaya.

 

Missed the point entirely. Pattaya's always had abandoned or vacant constructions and in a recent thread those us w/ memories came up with a list of them--some significant properties and quite prominent, too. Always. But not whinged about in the old days and used as doom indicators, you see.

 

Quote

deserted Big C Pattaya Klang, Big C South Pattaya, and CentralFestival Pattaya Beach

Did anyone say they were deserted?

 

Of course they did. You can go look thru this thread:

 

You can go find some on CentralFestival if you wish. Or you can take the word of another of our experts noted for credibility:

 

On 5/2/2016 at 3:58 PM, scubascuba3 said:

There has been threads about Central Festival being empty and under used also.

 

I'm not going to bother as you can't even remember what you said, let alone anyone else--even when you're reminded of it.

 

Quote

I certainly said Central were built in the wrong town, but apart from being quiet I don't think I said they were going to close.

 

Of course you did, and it was soon confirmed by another prominent Economist:

 

thaibeachlovers, on 2009-05-29 19:01:26:

Central World is going to fail, just like The Avenues. Anyone stupid enough to build a place that charges Bangkok prices in a small tourist resort town deserves to go bankrupt.

morrobay, on 2009-05-31 11:14:05:

thaibeachlovers is Right On the facts

 

And I reminded you of it only last August but you've already forgotten. Ironically you had then reversed yourself, then claiming that Bangkok prices had been common, no big deal!

 

Quote

the end of tourism owing to the promenade redevelopment

Now c'mon. Who said the promenade was going to end tourism?

 

OK here are a couple close 'nuff:

 

On 4/4/2013 at 9:00 AM, toenail said:

Ironically, are the hotels along Beach Rd and other businesses that may suffer from the lack of beach space and the ugly, narrow promindade (with hardly any trees) that will not attact as many 4-5 star tourist that stay along this area.

On 8/10/2013 at 2:28 PM, fforest1 said:

This has to be killing business big time in the shops along

the beach during the day...The fun factor is about zero walking beach road during the day now.

Please don't even tell me the promenade is good for families now...Families will be staying

far away from this hot boring place...

Pattaya a beach resort with a 3rd rate beach,where people are afraid to swim in the water

now with a promenade like the Sahara desert..

Why even bother staying at a beach front hotel any more...

 

 

Quote

not to mention the crime, beach, pollution, rats, trash, broken pavements, overhanging signs blah blah

All of which is true.

And has always been true. And always whinged about and prompted doom predictions that haven't come true--the opposite in fact as Pattaya has grown so dramatically.

 

Quote

missing the obvious warning signs when The Avenue was first constructed

and just how well is Avenues doing?

 

 

Exactly my point about the track record of our ace TVF Economists. When they don't predict something will fail, it in all likelihood means it will. Hence TVF doom predictions are great inverse indicators. If instead of posturing as a prescient economic guru in 2009, you'd have invested 1 million in CP, it'd be worth around 6 million today. Good thing our economists never actually believe their own predictions; it's really all just posturing and hot air. Otherwise they'd be shorting Thai property-related shares. But they pretend they can't. Or if they really don't know how, then that says it all about their financial smarts.

 

On 5/2/2016 at 3:50 PM, Asiantravel said:

if there was a way to financially “ short “ them I would go in boots and all.

Good think he don't go in boots and all. Walkin' around barefoot now.

 

Quote

the swift closing of Hooters,

Did anyone say it was going to swiftly close?

 

 

You can go look thru that 47-page thread and find a lot of this kind of thing:

 

On 1/25/2016 at 10:16 AM, pattayamick64 said:

, , ,  hooters it has opened and it is a major flop ,crap service ,overpriced food and drinks and rude russian waitresses

 

Quote

 

shocked when CentralMarina was remodeled

Really? I preferred it before though. Used to be a really great food court that's gone now.

 

Of course. If CentralFestival is already failing (they're allowing those booths, you noted, and so is CentralMarina!), and shops are boarded up

 

On 5/5/2016 at 0:07 PM, fforest1 said:

Even the king of malls Centeral Festival has a number of

empty store fronts that are boarded up with nice art work..

 

and Pattaya Is Going Downhill and they're building a Terminal 21, why would CPN throw more money down this rathole? The TVF Fixed Pie Rule Of Economics says that there will not enough customers to support anything new. Just as it did when CentralFestival was built, even though it was charging them Bangkok prices, fools. And when Harbor was built.
 

Quote

flabbergasted at the construction of Terminal 21

Seriously? It's the right place to put a big mall, and it's going to do really well.

 

 

 

You participated in the Why Terminal 21 thread. Go read it again and try to remember.

 

On 8/29/2016 at 1:48 AM, Bender said:

i guess Terminal 21 will know the same faith than the Harbor Mall, after few weeks, the mall will be empty........

 

Lots of "mall saturation" hysteria and claims that neither tourists nor Thais will be shopping there.

 

On 3/24/2016 at 0:34 AM, gk10002000 said:

The Thai locals don't use these big malls. And I don't think that many foreigners spend that much money there.

 

 

Quote

 

kill that pesky bewildering condo market so everybody has to rent

Nah, it's as free a country as anywhere, and if people want to "invest" in property in Thailand, go right ahead. Just don't bother crying if it all goes wrong- some of us will laugh at them.

 

 

You've missed the point. Our renters generally don't like it that many do own condos and are happy in them. They keep running up against this inconvenient truth:

 

On 5/13/2017 at 9:08 AM, Suradit69 said:

. . . for every story of "psychological torture" posted on TV there are undoubtedly thousands of people who are quite pleased with their condos or homes.

 

So they wage a never-ending silly campaign against condo ownership and owners to level the playing field somehow, either so that they can buy, feel better somehow, or have nothing to envy. Owners, on the other hand, don't care if renters want to rent and find them too unimportant to think about, let alone laugh. I enjoy laughing at all the hating, doom prophecies, bashing, and negativity however.

 

Edited July 8, 2017 by JSixpack

[thaibeachlovers]

1 hour ago, JSixpack said:

 

Missed the point entirely. Pattaya's always had abandoned or vacant constructions and in a recent thread those us w/ memories came up with a list of them--some significant properties and quite prominent, too. Always. But not whinged about in the old days and used as doom indicators, you see.

 

 

 

Have a nice day .

[Asiantravel]

2 hours ago, JSixpack said:

 

Missed the point entirely. Pattaya's always had abandoned or vacant constructions and in a recent thread those us w/ memories came up with a list of them--some significant properties and quite prominent, too. Always. But not whinged about in the old days and used as doom indicators, you see.

 

 

Of course they did. You can go look thru this thread:

 

You can go find some on CentralFestival if you wish. Or you can take the word of another of our experts noted for credibility:

 

 

I'm not going to bother as you can't even remember what you said, let alone anyone else--even when you're reminded of it.

 

 

Of course you did, and it was soon confirmed by another prominent Economist:

 

thaibeachlovers, on 2009-05-29 19:01:26:

Central World is going to fail, just like The Avenues. Anyone stupid enough to build a place that charges Bangkok prices in a small tourist resort town deserves to go bankrupt.

morrobay, on 2009-05-31 11:14:05:

thaibeachlovers is Right On the facts

 

And I reminded you of it only last August but you've already forgotten. Ironically you had then reversed yourself, then claiming that Bangkok prices had been common, no big deal!

 

 

OK here are a couple close 'nuff:

 

 

 

And has always been true. And always whinged about and prompted doom predictions that haven't come true--the opposite in fact as Pattaya has grown so dramatically.

 

 

Exactly my point about the track record of our ace TVF Economists. When they don't predict something will fail, it in all likelihood means it will. Hence TVF doom predictions are great inverse indicators. If instead of posturing as a prescient economic guru in 2009, you'd have invested 1 million in CP, it'd be worth around 6 million today. Good thing our economists never actually believe their own predictions; it's really all just posturing and hot air. Otherwise they'd be shorting Thai property-related shares. But they pretend they can't. Or if they really don't know how, then that says it all about their financial smarts.

 

Good think he don't go in boots and all. Walkin' around barefoot now.

 

 

You can go look thru that 47-page thread and find a lot of this kind of thing:

 

 

 

Of course. If CentralFestival is already failing (they're allowing those booths, you noted, and so is CentralMarina!), and shops are boarded up

 

 

and Pattaya Is Going Downhill and they're building a Terminal 21, why would CPN throw more money down this rathole? The TVF Fixed Pie Rule Of Economics says that there will not enough customers to support anything new. Just as it did when CentralFestival was built, even though it was charging them Bangkok prices, fools. And when Harbor was built.
 

 

 

You participated in the Why Terminal 21 thread. Go read it again and try to remember.

 

 

Lots of "mall saturation" hysteria and claims that neither tourists nor Thais will be shopping there.

 

 

 

 

You've missed the point. Our renters generally don't like it that many do own condos and are happy in them. They keep running up against this inconvenient truth:

 

 

So they wage a never-ending silly campaign against condo ownership and owners to level the playing field somehow, either so that they can buy, feel better somehow, or have nothing to envy. Owners, on the other hand, don't care if renters want to rent and find them too unimportant to think about, let alone laugh. I enjoy laughing at all the hating, doom prophecies, bashing, and negativity however.

 

 

unless you can provide firm evidence that the shopping centres in Pattaya are doing well financially your post is nothing more than your usual verbal diarrhoea. It's plain to see just from lack of tenants that  at least 2 are not doing well at all.

Edited July 8, 2017 by Asiantravel

[JSixpack]

46 minutes ago, Asiantravel said:

 

unless you can provide firm evidence that the shopping centres in Pattaya are doing well financially your post is nothing more than your usual verbal diarrhoea. It's plain to see just from lack of tenants that  at least 2 are not doing well at all.

 

No, logically I don't have to do that as I'm not making the ace mall analyses and predictions, you (and others) are. I'm merely laughing at them. And I gave thaibeachlovers the firm evidence of why I do so, which is a different purpose entirely. So you'll need to present firm evidence to back up your ace analyses. So far we've gotten vaporous links you collect from all over the internet and expert assertions of "plain to see" backed merely by a sterling track record. Ready to give us the dates of the CRASH yet?

Edited July 8, 2017 by JSixpack

[Asiantravel]

28 minutes ago, JSixpack said:

 

No, logically I don't have to do that as I'm not making the ace mall analyses and predictions, you (and others) are. I'm merely laughing at them. And I gave thaibeachlovers the firm evidence of why I do so, which is a different purpose entirely. So you'll need to present firm evidence to back up your ace analyses. So far we've gotten vaporous links you collect from all over the internet and expert assertions of "plain to see" backed merely by a sterling track record. Ready to give us the dates of the CRASH yet?

[scubascuba3]

We need something more substantial to discuss like the lack of chanotes at Centara and Golden Tulip

[thaibeachlovers]

17 hours ago, scubascuba3 said:

We need something more substantial to discuss like the lack of chanotes at Centara and Golden Tulip

Agreed. We need to liven up this thread- perhaps something that combines katoeys with the condo downturn will get the interest back. Any thread about katoeys is popular.

[JSixpack]

On 6/14/2017 at 8:40 PM, Asiantravel said:

they can buy their own housing stock first (with 64 MILLION empty apartments available ) –

 

 

OH NO. They somehow didn't get the memo about the new Rule. I hate to cause such distress, but

Priced out from home market, Chinese swoop in to buy Thai real estate

BANGKOK/HONG KONG (Reuters) - Mainland Chinese are snapping up more properties in Thailand for both personal and investment purposes, after being priced out of the market in big cities at home, developers in the Southeast Asian country said on Wednesday.

 

With its beaches, varied street food and ancient temples, Thailand has become a holiday favourite with Chinese visitors, who are expected to account for close to a third of an estimated record 35 million tourists this year.

 

Thai property developer Sansiri Pcl, which is opening three new offices in China this year to join its Beijing branch, said sales to Chinese buyers had risen steadily over the past three years.

—https://in.reuters.com/article/thailand-china-property-idINKBN1AI0VY

 

'Course we got the answer to that--not right now, but later of course. Black clouds are a-formin'.

 

Quote

with a debt to GDP ratio that now stands at 283%, the China Ponzi will also implode well

 

Like Japan?  Not as large a ratio all considered as doomsayers would like to believe, and besides much is gov't debt much more easily managed; in China that balance sheet looks relatively good. The failure in this assumption, another example of the complex fallacy, is, as usual, the certainty that Nothing Can Or Will Be Done. Hence, Apocalypse!!! Or, well,  maybe not . . .

 

 "It can be netted out to a certain degree," Veron said, adding that China has a history of restructuring the debts in its economy.

 

And because there's a political directive to maintain social stability — a key tenant for Chinese leadership — lenders may likely allow for debt restructuring in a way that the system in the West would not. So the "time bomb" might not explode anytime soon.

 

"I'm sanguine that you won't see financial instability of the type of 2007-2008 in the North Atlantic crisis," Veron said. "The instability piece was linked to the fact that we have essentially market-driven financial systems, and that's just not the case in China."

—https://www.cnbc.com/2016/05/09/chinas-debt-worse-than-you-think-but-maybe-not-be-a-problem.html

 

[Asiantravel]

6 hours ago, JSixpack said:

 

OH NO. They somehow didn't get the memo about the new Rule. I hate to cause such distress, but

Priced out from home market, Chinese swoop in to buy Thai real estate

BANGKOK/HONG KONG (Reuters) - Mainland Chinese are snapping up more properties in Thailand for both personal and investment purposes, after being priced out of the market in big cities at home, developers in the Southeast Asian country said on Wednesday.

 

With its beaches, varied street food and ancient temples, Thailand has become a holiday favourite with Chinese visitors, who are expected to account for close to a third of an estimated record 35 million tourists this year.

 

Thai property developer Sansiri Pcl, which is opening three new offices in China this year to join its Beijing branch, said sales to Chinese buyers had risen steadily over the past three years.

—https://in.reuters.com/article/thailand-china-property-idINKBN1AI0VY

 

'Course we got the answer to that--not right now, but later of course. Black clouds are a-formin'.

 

 

Like Japan?  Not as large a ratio all considered as doomsayers would like to believe, and besides much is gov't debt much more easily managed; in China that balance sheet looks relatively good. The failure in this assumption, another example of the complex fallacy, is, as usual, the certainty that Nothing Can Or Will Be Done. Hence, Apocalypse!!! Or, well,  maybe not . . .

 

 "It can be netted out to a certain degree," Veron said, adding that China has a history of restructuring the debts in its economy.

 

And because there's a political directive to maintain social stability — a key tenant for Chinese leadership — lenders may likely allow for debt restructuring in a way that the system in the West would not. So the "time bomb" might not explode anytime soon.

 

"I'm sanguine that you won't see financial instability of the type of 2007-2008 in the North Atlantic crisis," Veron said. "The instability piece was linked to the fact that we have essentially market-driven financial systems, and that's just not the case in China."

—https://www.cnbc.com/2016/05/09/chinas-debt-worse-than-you-think-but-maybe-not-be-a-problem.html

 

" So the "time bomb" might not explode anytime soon. "

 

typical type of crap you get from CNBC. How do they know? " And because there's a political directive to maintain social stability  "when the sh** hits the fan in China the only way they will be able to keep social stability is using Tiananmen Square type tactics with tanks and guns. I mean when should the alarm bells ring when the debt is already over 250%- when its 400%, 500% , 1000%?

 

Is China’s economy turning Japanese?

Quote

But how great is the risk of China turning Japanese? Does China, the world’s second-biggest economy in 2017, run the risk of repeating the fate of what was the world’s second-biggest economy in 1989 — Japanese-style “lost decades?”. If Japan’s fate were to befall its giant neighbour, the consequences would be devastating for the global economy. China provides 40 per cent of its annual growth. China also supplies just over 20 per cent of US imports, the same percentage as Japan in the mid-1980s.

https://www.ft.com/content/a3564812-363c-11e7-99bd-13beb0903fa3

[KittenKong]

6 hours ago, JSixpack said:

Priced out from home market, Chinese swoop in to buy Thai real estate

 

What can you say about the Chinese? When they aren't buying overpriced Chinese stocks they are buying Bitcoin, and when they aren't buying Bitcoin they are buying Thai condos.

 

Promise them a ridiculous and totally unsustainable return and they will buy anything.

[tropo]

2 hours ago, KittenKong said:

 

What can you say about the Chinese? When they aren't buying overpriced Chinese stocks they are buying Bitcoin, and when they aren't buying Bitcoin they are buying Thai condos.

 

Promise them a ridiculous and totally unsustainable return and they will buy anything.

LOL> they are being guaranteed a high percentage rental return by the outstanding Thai property developer who is opening its 2nd, 3rd and 4th office in China this year. Little do they realize what a guarantee is worth in Thailand. Is that the same as a "promise", as you call it?

 

 

 

[Jim Turner Mad Punx]

What's sad about it, I'd rather live by an empty building then a full one, and if I'm just walking by I don't generally care.

 

[tropo]

9 minutes ago, Jim Turner Mad Punx said:

What's sad about it, I'd rather live by an empty building then a full one, and if I'm just walking by I don't generally care.

 

Good for renters looking for deals. I'm not sad about it in the slightest, but the OP was probably just being facetious, while he celebrates.

[impulse]

3 hours ago, Jim Turner Mad Punx said:

What's sad about it, I'd rather live by an empty building then a full one, and if I'm just walking by I don't generally care.

  

I'm sitting in my Chinese (rental) condo right now, with about 40% owned but unoccupied and pricing between $500,000 and $3,000,000.  The maintenance is atrocious since there are so many not paying maintenance fees.  That's driving many of the residents to withhold paying their's because they're not satisfied with the condition of the place.  It's a vicious cycle, with a legal system that makes it virtually impossible to collect the fees from the well connected (sound familiar?)

 

OTOH, I'm renting a place that would cost about $1,000,000 for $600 a month.  Do the ROI on that one.  That's the kind of distortion when people buy property as a passive investment (to hide ill gotten gains), with no intention to actually live in it.  Most of the owners of the 40% unoccupied don't even bother trying to rent them out for the 0.7% ROI it yields.

 

 

[pegman]

8 minutes ago, impulse said:

  

I'm sitting in my Chinese (rental) condo right now, with about 40% owned but unoccupied and pricing between $500,000 and $3,000,000.  The maintenance is atrocious since there are so many not paying maintenance fees.  That's driving many of the residents to withhold paying their's because they're not satisfied with the condition of the place.  It's a vicious cycle, with a legal system that makes it virtually impossible to collect the fees from the well connected (sound familiar?)

 

OTOH, I'm renting a place that would cost about $1,000,000 for $600 a month.  Do the ROI on that one.  That's the kind of distortion when people buy property as a passive investment (to hide ill gotten gains), with no intention to actually live in it.  Most of the owners of the 40% unoccupied don't even bother trying to rent them out for the 0.7% ROI it yields.

 

 

Do you mean  ฿1,000,000 for $600? Doesn't seem creditable otherwise.

[impulse]

6 minutes ago, pegman said:

Do you mean  ฿1,000,000 for $600? Doesn't seem creditable otherwise.

 

That's the point.  It makes no sense.  But that's how distorted the market is.

[KittenKong]

5 hours ago, tropo said:

the OP was probably just being facetious, while he celebrates.

 

Actually I think the OP was entirely sincere.

 

But given that he hasnt posted or visited the forum since April I suspect that he has simply become disillusioned with ThaiVisa if not with Thailand altogether.

[craigt3365]

We've got about 50 houses in our village.  Use to have 5-9 Russian families here.  All renting.  We've now got 5-6 Chinese families, with a few who have purchased.

 

Several, it seems, are from Hong Kong.  They feel they are being pushed out by mainland China taking over.  They've got really strong feelings about this.

[janclaes47]

7 hours ago, impulse said:

OTOH, I'm renting a place that would cost about $1,000,000 for $600 a month.  Do the ROI on that one.

 

I'll sign up for that one right away.

 

7 hours ago, impulse said:

That's the kind of distortion when people buy property as a passive investment (to hide ill gotten gains),

 

I would have thought that there are better ways to hide ill gotten gains than investing in a hugely visible property with your name tag on it.

[tropo]

8 hours ago, impulse said:

  

I'm sitting in my Chinese (rental) condo right now, with about 40% owned but unoccupied and pricing between $500,000 and $3,000,000.  The maintenance is atrocious since there are so many not paying maintenance fees.  That's driving many of the residents to withhold paying their's because they're not satisfied with the condition of the place.  It's a vicious cycle, with a legal system that makes it virtually impossible to collect the fees from the well connected (sound familiar?)

 

OTOH, I'm renting a place that would cost about $1,000,000 for $600 a month.  Do the ROI on that one.  That's the kind of distortion when people buy property as a passive investment (to hide ill gotten gains), with no intention to actually live in it.  Most of the owners of the 40% unoccupied don't even bother trying to rent them out for the 0.7% ROI it yields.

 

 

 

You're renting a condo that is valued at about 33,000,000 baht for 20,000 per month? How big is it? Where can I get one?

 

I spent a month looking around for a good value place and have never seen anything like that - not even close. 

[craigt3365]

22 minutes ago, janclaes47 said:

I would have thought that there are better ways to hide ill gotten gains than investing in a hugely visible property with your name tag on it.

Many of these properties are bought via proxies.  And yes, they are done to hide ill gotten gains.  In many different countries around the world.