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  1. #26
    Thailand Expat cyrille's Avatar
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    including cleaning and room service in a great location...with a pool! yeah, sounds like a real steal at BS Tower.

  2. #27
    I am in Jail

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    If you are based here long term and have children here, and it is spare cash, go for it!

  3. #28
    Member Thedogsbollix's Avatar
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    Quote Originally Posted by thickjoe View Post

    I'd feel more comfortable buying an apartment in Phnom Penh where their visas are more lax.
    Yes but ya do not mention the other stuff like it's a seething corrupt shit hole same as Bangkok but with piss poor infrastructure and Hospitals that cannot handle serious complex medical issues, same as Lao.

    That's why people with money come to Thailand to get their shit sorted.

    The Visa issue in Thailand is no problem what-so ever for legit punters so going down that avenue is a tad sussed.

    Only one reason not to buy a Condo here and that is the Money ya pay for it can be invested in a real country earning more in Interest.

    Ya then pay ya rent and have your Capital still intact.

    Anyway fuk it, I'm going again. Some awesome buys around.

  4. #29
    Newbie thickjoe's Avatar
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    Smile

    Quote Originally Posted by Thedogsbollix View Post
    Quote Originally Posted by thickjoe View Post

    I'd feel more comfortable buying an apartment in Phnom Penh where their visas are more lax.
    Yes but ya do not mention the other stuff like it's a seething corrupt shit hole same as Bangkok but with piss poor infrastructure and Hospitals that cannot handle serious complex medical issues, same as Lao.

    That's why people with money come to Thailand to get their shit sorted.

    The Visa issue in Thailand is no problem what-so ever for legit punters so going down that avenue is a tad sussed.

    Only one reason not to buy a Condo here and that is the Money ya pay for it can be invested in a real country earning more in Interest.

    Ya then pay ya rent and have your Capital still intact.

    Anyway fuk it, I'm going again. Some awesome buys around.
    Thailand does not have an elected government. The military are constantly coming up with these asinine rules that no-one wants. It would not surprise me if tomorrow they decided to completely overhaul the visa system and move all the goal posts. Cambodia has always had this system... Pay $35 for a 'E' type visa and stay for 1 year. No fucking 3 month reporting like someone on parole, no greasing palms of the police and immigration officials (like Thailand) just to do the job they're being paid to do.

    Couple that with the comfort Thais have being totally racist and charging more money to foreigners wherever they can, makes me not want to invest money into Thailand ever.

    I am not buying property in a country where it's OK to try and charge me 20 baht for taking a liter of stagnant, undrinkable water on the side of the road during Songkran because "you farang you pay, Thai man not pay". They have no problem shitting on the white man.

    I like to say... "You shit on my face, I'll piss on your race"

  5. #30
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    Re thickjoe

    You should avoid coming to Thailand all together,
    avoiding the pain and aggravation and stay somewhere nice and pieceful, like U.K.

  6. #31
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    Quote Originally Posted by thickjoe
    I like to say... "You shit on my face, I'll piss on your race"
    I bet that goes over well.

    20 baht water is really all you got? LMAO, yeah ok.

    Funny but I'll hazard a guess that you'll continue coming back anyway.

  7. #32
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    Quote Originally Posted by AntRobertson View Post
    Quote Originally Posted by slimboyfat
    Let's say I've got 2 million baht burning a hole in my pocket.

    Is there anywhere in Thailand worth buying a condo for that kind of money as an investment?

    Thanks
    Dunno the answer yet but I may be able to tell you soon. The wife's just brought one in a tourist area of CM and seems convinced she can make a go of it on that AirBnB thing. I'm a bit skeptical meself but hey-ho.
    In order to offer accommodation for less than a period of thirty days you will need to register it with the local authority as a hotel. You cannot offer short term occupancy on a nightly basis unless you are registered. Private condos cannot be registered as hotel accommodation. Period. Furthermore, it is forbidden to use a private condominium as a place of business unless it was shown on the plans as a commercial facility when the building permit application was lodged before construction began. Also, you as house master must notify the local immigration police office within 24 hours of every farang who occupies the condo.
    Fines for breaches are not inconsequential.

    Finally, given that any such rental of your condo would be illegal it follows that any insurances would be voided.

    Good luck with that AirBnB gig. City Halls are clamping down on this abuse everywhere and many condominiums have highlighted its prohibition in their rules of occupation.

  8. #33
    I am not in Jail AntRobertson's Avatar
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    ...






    There may be people staying there right now, as I type this. Allegedly.

  9. #34
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    ^^That's really ass backwards from the way the world is headed. Hopefully people will just ignore it due to the fact that its so dumb and completely behind the times of accepted norms.

  10. #35
    Thailand Expat cyrille's Avatar
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    I believe the fine for a 'housemaster' not registering the presence of foreign guests is 50,000 baht.

    You can register them at CM Promenada Mall on the second floor.

  11. #36
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    Indeed, and I think a breach of the Hotel Act 2004 incurs a fine of 20,000bt and/or a year imprisonment.

    The Hotel Associations around Thailand are getting mightily pissed off with lower occupancy rates because of this AirBnB crap - they are having to charge rates reflecting the employment of staff, paying social insurances and paying their taxes whereas the condo fly renter is paying sweet fuck all.

  12. #37
    I am not in Jail AntRobertson's Avatar
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    OK, I get your drift. *nudge-nudge* *wink-wink*

    Yes you can have a discounted rate when you visit CM*










    *Allegedly and apparently.

  13. #38
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    Quote Originally Posted by Seekingasylum
    whereas the condo fly renter is paying sweet fuck all.
    Yeah that's also known as economic efficiency.

    Tell McDonald's you think it should be illegal for them to have a machine make your burger because the burger joint down the street is paying labor, unemployment insurance, etc. See what type of response you get.

    Its the same argument with the uber thing in Thailand. Its called trying to stay ass backwards. It won't work, because its stupid.

  14. #39
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    Be careful, someone may dob her in. In Bangkok there are more and more condos with notices placed in reception, in main entrances and in the lifts alerting residents that AirBnB, Agoda, Booking.Com etc lettings are forbidden and requesting residents to inform the condo management of any breaches.
    You may think it's a laugh but folk are getting their fingers burnt and when they learn there are farang in the frame the local Amphur chappies are really putting themselves about wth surprise inspections

  15. #40
    I am not in Jail AntRobertson's Avatar
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    Quote Originally Posted by Seekingasylum
    In Bangkok there are more and more condos with notices placed in reception, in main entrances and in the lifts alerting residents that AirBnB, Agoda, Booking.Com etc lettings are forbidden and requesting residents to inform the condo management of any breaches.
    Hong Kong too. I saw one in the foyer of the building I was staying in.
    Quote Originally Posted by Seekingasylum
    Be careful, someone may dob her in
    Understood, let me know your intended dates and I'll see what I can do*. *taps-nose*









    *Hypothetically.

  16. #41
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    Quote Originally Posted by redhaze View Post
    Quote Originally Posted by Seekingasylum
    whereas the condo fly renter is paying sweet fuck all.
    Yeah that's also known as economic efficiency.

    Tell McDonald's you think it should be illegal for them to have a machine make your burger because the burger joint down the street is paying labor, unemployment insurance, etc. See what type of response you get.

    Its the same argument with the uber thing in Thailand. Its called trying to stay ass backwards. It won't work, because its stupid.
    So, how long have you been incoherent?

  17. #42
    Thailand Expat Luigi's Avatar
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    I'm doing great out of my CM condo.

    Bought it used and empty. Got a great deal on it. Renovated it myself with decent hardwood furniture from Baan Tawai. Had the kitchen completely redone with redbrick and hardwood for a steal.

    Was asked to rent it out (wasn't really the plan) and did, 10% p/a. They signed up for a 2nd year well before the first year was up, so 20% recouped already for sitting on me arse fighting with people on the internet all day.

  18. #43
    I am not in Jail AntRobertson's Avatar
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    Quote Originally Posted by Luigi
    so 20% recouped already for sitting on me arse fighting with people on the internet all day
    Not bad, not bad.

    But I actually get paid a salary for much the same thing.

    So that makes me a professional. You utter c**t.

  19. #44
    Harbinger of Doom

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    Quote Originally Posted by Luigi
    Was asked to rent it out (wasn't really the plan) and did, 10% p/a. They signed up for a 2nd year well before the first year was up, so 20% recouped already for sitting on me arse fighting with people on the internet all day.
    The joys of life as petty rentier capitalist - the very ne plus ultra of human existence.

  20. #45
    Thailand Expat cyrille's Avatar
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    Quote Originally Posted by redhaze View Post
    Quote Originally Posted by Seekingasylum
    whereas the condo fly renter is paying sweet fuck all.
    Yeah that's also known as economic efficiency.

    Tell McDonald's you think it should be illegal for them to have a machine make your burger because the burger joint down the street is paying labor, unemployment insurance, etc. See what type of response you get.

    Its the same argument with the uber thing in Thailand. Its called trying to stay ass backwards. It won't work, because its stupid.
    Your McDonald's 'parallel' is ridiculous.

  21. #46
    Thailand Expat Luigi's Avatar
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    Quote Originally Posted by Passing Through View Post
    the very ne plus ultra of human existence.
    Errr..... Thanks! I think so too.

  22. #47
    Thailand Expat Dillinger's Avatar
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    Quote Originally Posted by Luigi
    Was asked to rent it out (wasn't really the plan) and did, 10% p/a. They signed up for a 2nd year well before the first year was up, so 20% recouped already for sitting on me arse fighting with people on the internet all day
    Im sure you mentioned a tenant not paying rent for a few months and running off with your 65" TV and Xbox

  23. #48
    Harbinger of Doom

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    Presumably Uber's $3bn loss last year is a sign of their diamond-like efficiency.

  24. #49
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    Quote Originally Posted by cyrille
    Your McDonald's 'parallel' is ridiculous.
    Is the Uber comparison more to your liking?

    Besides, it wasn't meant to be a 'parallel' so I'm glad you put that in quotation marks. Complaining about or trying to legislate away change won't work, that was all I was trying to say.

    Quote Originally Posted by Passing Through
    Presumably Uber's $3bn loss last year is a sign of their diamond-like efficiency.
    Apparently this is how companies run these days. Its all about momentum. Same same Netflix, Amazon etc.

    We are the best at losing money. The best I tell you.
    Last edited by redhaze; 07-07-2017 at 12:37 PM.

  25. #50
    Harbinger of Doom

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    It may well be how they are run but it's not efficient to run massive losses to build up a monopoly position so that a tiny number of business owners can cream off obscene profits. In traditional economics, that's the opposite of efficiency.

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