The Thailand expat forum for Travel, Lifestyle and Fun.

stroller

No wonder you pick on me here, the Stroller Group has just build a shopping center and condo tower to block the river-view from Chinthee Elite Condos.

chinthee

Hey, I saw that Mobi was wanting to sell his Fortuner and buy something less ostentatious or something on the other forum. Sorry to tell him that Fortuners are nothing special.

dirtydog

^I don't think there is anything less ostentatious than a fortuner is there?

jizzybloke

Only a honda wave!

waitaminute

I own my condo apt in Pattaya since 2000. Bought directly from a farang, dirt cheap and still standing. It's been paid back many times frankly, and since I do travel a lot in the region, just for not having to look for a room everytime I come back from a trip, is great. Notwithstanding cooking, and building up a collection of music and books, and just that cozy feeling of being home. As an advice I would not put any money I can't afford to lose in anything (still, or running!) in Thailand. Condo was less than 10 000$ back then. there is quite a chance dollar wise, It's twice the value now.

Maybe it's changed, the law was IMHO that the ratio of thai to farang ownership is 60 to 40% for condominiums. Also, the money (or some) must come from outside Thailand, but we did a bit of retro-action to get the correct form filled. Also, make sure the land department spells your name right in thai. This too may have changed, but no english on my title, and I know they completely misspelled my name (idiots!) and on top of it, i changed nationality since then. I don't think I can ever sell it, and I don't care! :-))))

terry57

^

Nice work mate and fellas like you that got in early and bought a condo for piss all have killed the pig.

No risk there at all, its payed for its self and its in your own name with no chance of being arsed by Thai female.

Lovely Jubbly and way to go.

__________________
saving life and property in the city of perth.

Blake7

Dont buy in Thailand Scampy - your personal visa situation will not allow you to live there all year round anyway.
Buy a retirement-style home in the states and rent it out to a retiring baby boomer. dollar is low against the pound and US prices are quite attractive now.

terry57

^
Very sound advice or buy in Aussie.

The_Ghost_Of_The_Moog

Scampy.

You might be able to get 2 small apartments in my block in Witthayu Road for GBP 70,000. Come round this week and take a look.

The Gentleman Scamp

I'll see you later Moog, fancy Lebanese? - Bluecat you're welcome.

gusG

Hey Scamp, I'll do you a time-share deal, on a couple of resort rooms in Samui.Throw in a set of steak knives if you settle this week.

Ban Saray

ROI in Thailand is not feasable at the moment, thousands of empty units for sale, sales figures are stagnant, and a lot of developments have started to add to the dilemma.
I bought houses and land, not for ROI, but long term returns for my wife and daughter, also to house most of the relatives.
ROI in Aussie would be shit as well, prices for a small unit are over 100k, and rent for about 100/wk, thats only about 5%, and not taking into account fees and maintenance. You also get some pretty bad tenant problems in Aussie, or at least I did. Filled one of my houses with sub-tenants and dog fleas, never ever got my money of the prick he just ran.
Estate agent denied any fault as well.
Best ROI at the moment would be a good share portfolio, with about 50% traing in hedge funds, really pulling in the money now.
But at a risk.
I think with the rental cost in Thailand it is better to rent, but if you want long term, without ROI then it's a pretty safe bet.
There are hundreds of re-furbished units available at Chaeng Wattana at the moment, done really well. Thais are not interested because they are second hand. Worth a look IMO.
Better deals in Cambodia, but you have to like the place.