SUZIBANDIT Posted November 14, 2002 Report Share Posted November 14, 2002 [color:"red"] Surely, I think with prices like that, they are far out of reach for most Thai people. [/color] Except most Thais are financing these at very favorable rates. A friend just bought a condo for 1.5 mil. She put 40,000 down and will pay on average around 5,000 a month for 25-30 years. All they needed wass proof of income of 15,000 baht per month, and the down payment. Not a bad deal, and affordable for many Thais. Link to comment Share on other sites More sharing options...
Guest Posted November 14, 2002 Report Share Posted November 14, 2002 I agree with you on this and would say that the other thing to consider, especially true in Pattaya, is that farangs can own condos in their own name so the prices are kept higher. Link to comment Share on other sites More sharing options...
Guest Posted November 16, 2002 Report Share Posted November 16, 2002 There are many condos that are cheap to purchase...Pattaya is overstocked with condos therefore prices kept to a minimum. If you want to succeed in the investment market in Pattaya you should look at presentation, location and price. Link to comment Share on other sites More sharing options...
Bakkabon Posted November 16, 2002 Report Share Posted November 16, 2002 I bought a town house in Pattaya 1 year ago for 500 000 baht its now worth 620 000 baht well thats what they are selling for now anyway, also I could have got 100 000 baht rent for the year as well, so in the period of 1 year 220 000 baht profit on a 500 000 baht investment is unbelievable, just got another one last month in Chok Chai village.... Link to comment Share on other sites More sharing options...
Guest Posted November 18, 2002 Report Share Posted November 18, 2002 Thats the way matey. I purchased 2 condos several years ago during the colapse of the thai economy. I was stupid not to buy a few more... :: Link to comment Share on other sites More sharing options...
gobbledonk Posted November 18, 2002 Author Report Share Posted November 18, 2002 Zorba, Dont you get stressed about certain Thai politicians making noise about the 'danger' of foreigners owning property in Thailand ? Link to comment Share on other sites More sharing options...
Guest Posted November 18, 2002 Report Share Posted November 18, 2002 Artiew, Yes damn it. The funny thing is that they think that someone like me will go buy all land available in Thailand and then kick out all the thais...mmm Artiew, is that a picture of your beast in the corner? Link to comment Share on other sites More sharing options...
gobbledonk Posted November 18, 2002 Author Report Share Posted November 18, 2002 LoL ! If I could afford the fuel for the race-bred 340 that powered the 'Cuda, I'd almost be willing to risk the police escort that one is guaranteed with a car like this in SE QLD Like most working guys, I can only fantasize. There are a few petrolheads on the board - check out a couple of Fast Freds earlier threads. The Australian government does everything it can to make owning a older V8 as expensive as possible : burns me up when I look at the prices Americans pay for parts and fuel, although the purchase price of things like (roadworthy) Camaros and Mustangs is surprisingly competitive here in Oz. Link to comment Share on other sites More sharing options...
Guest Posted November 18, 2002 Report Share Posted November 18, 2002 Artiew, As this is not the right thread let me tell you my waste of money on cars. I bought the EB GT Falcon a few years back cost me $70,000. What a waste. Insurance was at $4500, I was going broke really fast. Apart from that, a drive down to Bondi on a Sunday nite would turn into being pulled over by every tom dick and harry cop. Got sick of that and sold up after 3 years for a weasly $40,000. Purchased a commercial property in Sydney for $295000, sold that this year for $850,000. Best thing I did! Link to comment Share on other sites More sharing options...
gobbledonk Posted November 19, 2002 Author Report Share Posted November 19, 2002 So, you lost $30,000 on a car and made almost $600,000 on a single property investment ? Sounds like its time you invested in the NEW GT, a steal at under $60,000 ! Seriously, I'm beginning to wonder how much longer Sydneys market can go on making these kind of returns : even the Hong Kong Chinese have a limited number of zeroes on their bank balances, and the banks will eventually reassess their exposure and start reining in the big loans. Link to comment Share on other sites More sharing options...
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