cheekyboy Posted December 15, 2008 Report Share Posted December 15, 2008 I FORGOT TO MENTION construction methods are total shite compared with the west .piping is bad ,plastic waste pipes set in concrete so if you get leaks you are in trouble. Link to comment Share on other sites More sharing options...
unit731 Posted December 15, 2008 Report Share Posted December 15, 2008 I FORGOT TO MENTION construction methods are total shite compared with the west .piping is bad ,plastic waste pipes set in concrete so if you get leaks you are in trouble. An excellent point! I think above states that if a house you have to 'live' there during construction or stuff gets lost or not done as you thought it would. If a condo - well - pretty close to the same. New v/s used. Lot's have chimed in on this one. Do some real reseach on this concept. Link to comment Share on other sites More sharing options...
WorldFun Posted December 16, 2008 Report Share Posted December 16, 2008 "the mantra is = YOU ONLY INVEST IN LOS WHAT YOU CAN AFFORD TO WALK AWAY FROM" this goes with any investments for a sound economist, but more so in LOS for sure - no arguments available Link to comment Share on other sites More sharing options...
WorldFun Posted December 16, 2008 Report Share Posted December 16, 2008 by the way take this kinda 'stubborn' for vs. against buying in LOS brigade & ask them did they also apply the same 'logic' to e.g. 'risky' equity /stock investments that surely has bursted good & deep? just a perspective Link to comment Share on other sites More sharing options...
doxx Posted December 16, 2008 Author Report Share Posted December 16, 2008 Thanks a lot everybody. I will print this page and examine it. Cheers! Link to comment Share on other sites More sharing options...
Mekong Posted December 18, 2008 Report Share Posted December 18, 2008 I wrote an article titled "Why I will never buy a condo in Bangkok" a few months back. Why I Will Never Buy A Condo The days of buying a condo at 3,000,000+ baht qualifying for an investment visa are long gone (although those who were already in the system prior to the law change DO get a visa based on the original purchase.) Yet again the self proclaimed voice of Thailand is full of Shit, spouting off about things he has no experience of, then again I doubt that a ten bob english teacher would ever get on the first rung of the property ladder. The Old Investment visa has gone, agreed, but if one owns property in Thailand it can be used as collateral for company formation and to get work permit. How do I know? Because I just did it yesterday showed my Yellow house book and bank valuation letter of the properties and it was accepted as collateral for company formation and the work permit(s) Stick May I suggest you just stick (pun intended) to what you actually know about, I doubt it that would make your weekly blurb less than 10 words! Link to comment Share on other sites More sharing options...
Mekong Posted December 18, 2008 Report Share Posted December 18, 2008 For the record I bought my place, 4 bed 2 Bath, 2 living rooms for 1.2 Millo in '98 just after the crash when we got over 60 THB to the dollar, works out at less than $150 / Month rent if I was to back calculate. When the sun rises I can look from the east balcony and see Asoke, at sunset I look from the west balcony and see Silom, the expressway exit / entry ramps are less than 1 KM away and its a 10 Baht motocyc ride to the MTR. OK I had been here 7 years before I actualy bought but I knew where I wanted to live location wise, I got lucky on the exchange rate and the drop in prices during the crash but if I was to walk away now I would still be in profit compared to what I would have paid rent but I doubt that will happen. Back in '98 I was the only farang here now its probably 20% farang tenureship as soon as someone advertises a 85 SQM 2 Bed for 25K / month rental it is taken so I am confident that I could get 40K / Month if I was to rent out my place. Bottom line, property for investment, forget it, but if you have long term plans about living here it probably makes more sense to buy than rent. The wife makes the killing on property investments but she is Thai and has contacts from Uni, its the way the game works over here, nepatism rules anyone who things otherwise will get their fingers well and truely burned. Link to comment Share on other sites More sharing options...
Palatkik Posted December 19, 2008 Report Share Posted December 19, 2008 For the record ... when we got over 60 THB to the dollar. How did you manage that? I don't remember ever getting more than 55 and the history charts seem to show the same? http://www.x-rates.com/d/THB/USD/hist1997.html http://www.x-rates.com/d/THB/USD/hist1998.html The web site http://www.oanda.com suggests 55.8 on 13JAN98 was the lowest the baht came? Link to comment Share on other sites More sharing options...
Mekong Posted December 19, 2008 Report Share Posted December 19, 2008 Your charts show monthly average not day rates Link to comment Share on other sites More sharing options...
Palatkik Posted December 19, 2008 Report Share Posted December 19, 2008 Yes, sorry, my mistake, the oanda web site still lists 56.5 as the lowest THB forex rate in Jan98 (intra day?) hence my question? If it had been over 60 I would surely have had a few more bar fines back then:-) Link to comment Share on other sites More sharing options...
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