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  1. #326
    Fresh Seaman CaptainNemo's Avatar
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    Quote Originally Posted by buriramboy View Post
    No council tax or equivalent is there in Thailand? That's the one I resent paying in the UK, mine is North of 2k.
    Usually more near the remoter coast, so I hear.

  2. #327
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    Talking about buy to lets in the UK if a cash buyer going to be loads of bargains about soon due to tax changes 're tax relief on buy to let mortgages and stamp duty at an extra 3% for all properties you buy other than your main residence. Can get good returns in scummy Crewe 2 bed flats can pick up for circa 70k rent for circa 500 a month.
    Independence day - June 23 for Brits.

  3. #328
    Da Man stroller's Avatar
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    Quote Originally Posted by CaptainNemo View Post
    Selling educational snake oil to locals might be the ticket.
    Is that what you've been doing?

  4. #329
    Fresh Seaman CaptainNemo's Avatar
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    I read that the best net rental yield is in Hull, Southampton, Portsmouth, but it seems to shuffle about a lot... Liverpool looks better than Crewe.

    UK house prices: The best and worst areas for buy-to-let investments in the UK revealed | City A.M.
    Britain's highest yields: the best 10 postcodes for buy-to-let - Telegraph
    Buy-to-Let Rental Yield Map 2017/2018
    https://www.express.co.uk/life-style...tspot-plymouth

    All the mood music is of the market seizing up and growing at a crawl for the next 4-5 years... the growth from 2013 seemed to peak by late 2017 and levelled off, and there's news of a building backlog, and buyers holding back to wait and see until after May, and Autumn rate rises.
    http://www.youtube.com/watch?v=H1F2i0rYMj8

    we are all figments of our own imagination.

  5. #330
    Fresh Seaman CaptainNemo's Avatar
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    Quote Originally Posted by stroller View Post
    Is that what you've been doing?
    Not yet, but it seems like all the more lucrative ways of making money are parasitic and exploitative; any tips?

  6. #331
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    Thing is with shitty Crewe if HS2 does come to fruition property prices should in theory rise substantially so you will have a nice capital gain as well as your 8% rental yield. Also the deserted and run down town centre is supposed to being demolished and regenerated in next few years. If everything comes off current property prices are a bargain. No one is going to argue that Crewe itself is anything other than a shithole but it's 2 main plus points are it's cheap to live, I'm currently supping a John Smith's at 2.10 and there are plenty of jobs as in if you don't work in Crewe it's by choice. Also get outside the town in any direction just a couple of miles out and a different world. Nice villages or market towns and Cheshire countryside.

  7. #332
    Fresh Seaman CaptainNemo's Avatar
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    Never had a reason to venture into the "north midlands", it's like that blank bit of the map of middle earth north of Mordor...

  8. #333
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    Quote Originally Posted by CaptainNemo View Post
    Never had a reason to venture into the "north midlands", it's like that blank bit of the map of middle earth north of Mordor...
    I'd never set foot in this part of country before 2009, circumstances brought me here then daughter settled so just have to grin and bare it but the end is now in sight.

  9. #334
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    Quote Originally Posted by Luigi View Post
    When I moved out here around 2005 I'd meet guys that were recently retired from the UK, state (or close to state) pensions of 1k GBP, aged mid-late 60's, and that 1k GBP was around 70k per month.



    Fast forward a decade and that 1k has gone from 70k per month and everything is really cheap, to 43k per month, everything is 2 or 3 times more expensive, and they're in their late 70's.

    Possible been ripped off at least once whilst here.


    Fok that.

    I pity the guys that sold up back home to buy some house in Noi's name.
    I am one of those guys that sold up and built a house in the wife's name, later to divorce. A damn site cheaper settling the divorce in Thailand than it would have been back in Blighty, that's for sure. She gained money and lost a family, something that she has not, and will not ever recompense. I lost money and gained a family and an extended family and they have helped me tremendously through a very tough period of my life.

    Money helps but it isn't everything in this world...

  10. #335
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    Quote Originally Posted by CaptainNemo View Post
    Selling educational snake oil to locals might be the ticket.
    ...a crowded field...

  11. #336
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    Quote Originally Posted by buriramboy View Post
    No council tax or equivalent is there in Thailand? That's the one I resent paying in the UK, mine is North of 2k.
    Correct i was paying approx 75,000 baht a year per undeveloped building block in Australia ( no house built on them) in local govt rates and charges and water rates, if you build a house on them the rates and charges increase by up to 100% our cost here for the same services is 480 baht a year for rubbish removal
    Last edited by petercallen; 17-02-2018 at 01:57 PM.

  12. #337
    Fresh Seaman CaptainNemo's Avatar
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    Quote Originally Posted by tomcat View Post
    ...a crowded field...
    not everyone has to do it in a field.

    there are specialist niches that aren't adequately catered to even in the developed world.

  13. #338
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    Quote Originally Posted by CaptainNemo View Post
    there are specialist niches that aren't adequately catered to even in the developed world
    ...way too much work: TEFLing is fun and easy...

  14. #339
    Fresh Seaman CaptainNemo's Avatar
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    ...and remunerated accordingly?

  15. #340
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    Quote Originally Posted by MaxWeberSchoolOfIllusionalEurocentrism View Post
    .....the developed world.
    Developed?
    In what sense ​developed?

  16. #341
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    My cost of living has become much cheaper nowadays in butt fuk Yaso, Makro Tesco and BigC are selling limited farang foods these days,living on Thai foods these days, a trip to Ubon is called for.

  17. #342
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    Interesting thread, can I make a 'what is the cost of living' in Bangkok thread? Curious about it.

  18. #343
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    When I moved to Thailand to setup my business in early 2000s, I didn't expect costs to rise as much, probably because in Europe, inflation has been modest, but here, it's always been a problem

    in terms of actual costs, between the office and staff to pay, and the wild swings of the exchange rates, I saw my actual costs go up 100% in less than 5 years

    in the meantime, I couldn't charge my overseas clients a 100% increase in fees, so I had to absorb 50% of that increase on my annual profit margin, and smooth out the remaining 50% on annual price increase

    eventually I got squeezed out, making the business no longer viable, and the clients complaining I was getting too expensive and at par with US and European competition

    the wild currency swings were forcing me to "cash advance" all client expenses without knowing how to recoup those swings eventually

    I have lost about 500,000 USD (low estimate) in exchange rates alone between the time I had fixed my price in USD, and my costs in THB

    I should have used Futures USD/THB swaps but didn't want to get into that and increase my level of stress, which was high enough with all my crazy overseas clients (Hedge Funds, Wealth Advisors)

  19. #344
    Fresh Seaman CaptainNemo's Avatar
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    Quote Originally Posted by MaxWallSchoolOfDelusionalYodacentrism View Post
    Developed?
    In what sense ​developed?
    In all the blindingly obvious ways, Jeff.

  20. #345
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    Dragon your business must be very successful, considering the amount of time you spend on TD


    Quote Originally Posted by Dragonfly View Post
    When I moved to Thailand to setup my business in early 2000s, I didn't expect costs to rise as much, probably because in Europe, inflation has been modest, but here, it's always been a problem

    in terms of actual costs, between the office and staff to pay, and the wild swings of the exchange rates, I saw my actual costs go up 100% in less than 5 years

    in the meantime, I couldn't charge my overseas clients a 100% increase in fees, so I had to absorb 50% of that increase on my annual profit margin, and smooth out the remaining 50% on annual price increase

    eventually I got squeezed out, making the business no longer viable, and the clients complaining I was getting too expensive and at par with US and European competition

    the wild currency swings were forcing me to "cash advance" all client expenses without knowing how to recoup those swings eventually

    I have lost about 500,000 USD (low estimate) in exchange rates alone between the time I had fixed my price in USD, and my costs in THB

    I should have used Futures USD/THB swaps but didn't want to get into that and increase my level of stress, which was high enough with all my crazy overseas clients (Hedge Funds, Wealth Advisors)

  21. #346
    Thailand Expat
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    Quote Originally Posted by Chico View Post
    Dragon your business must be very successful, considering the amount of time you spend on TD
    working on US markets with a 12h lead was convenient, so hard to work late at nights, and plenty of time to recoup during day time

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