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khunsanuk

Buying A Condo

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Every condo should be required to have enough parking for the residents!

 

My last condo, residents had 2, 3 and 4 cars...WTF!!!

 

They finally issued key cards, one per condo, to open the gate to allow access to the parking. Of course, once one car

was parked the same condo resident would park their other 2 ~ 4 cars completely fucking up parking!!!

 

Do like Japan, you cannot buy a car unless you FIRST prove you have a parking place!!!

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Hi,

 

By law they have to only cover 40% of the number of units. So, 100 units = 40 parking spaces.

I will not be living in the condo myself, so the parking doesn't bother me too much, but yes, it is fairly ridiculous.

 

Sanuk!

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p.s. Best advice I've had is to wait or the next crash. Then you'll be able to buy houses cheaply!

come to Huahin, the russians are all selling.......

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Get on the management committee as you will be fighting tooth and nail for the first few years to try and get the sinking fund finances back under control. Likely is that long term, way over the odds contracts have been given to stooges of the developer for tv, satellite, security, all electrics etc. and cash will go missing. Of course, the unsold lots and those given away during construction in lieu of fees will never pay their subs so yours will rise accordingly. Only when in final control of the management company will you be able to sue to get the condos sold to meet missing fees (essentially cancelling their leasehold) and then they will pay up.

 

Shit loads more to add if you want. I do quite some deals in Pattaya but not Bangkok so far.

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Hi,

 

Tenants are moving in middle of next month; they signed a 2 year contract paying me slightly more than my mortgage payments.

So, yes, so far it is working out okay.

 

Sanuk!

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One of the members of the VFW post bought three condos dirt cheap after the 1997 crash. He rents out the two smaller ones and lives in the big one. He told me the rent has more than covered what he paid for all three.

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