Thread: Is it a good time to buy rice/farmland.?

Rice prices hit 10 year low.

Banks are chasing loans.

Haven't really followed anything recently,so any info helpful.

Yeah, go for it.

Loads of it being bought up around CM. I'm back every couple of months and every bicycle trip is getting less and less picturesque.

One of my favourite routes now has a fookin waterpark being built on it.

It has crossed my mind.

Then there's always Myanmar and Laos...

Regardless of the invented stagnant manner which has enveloped the agricultural sector, farming land is still skyrocketing - obviously, varies from region to region.

Depending on the market/locale - B300,000 - B450,000/B500,000 per rai.....

Wish I could buy.

Last thing I read, only a Thai can do that. Maybe I will marry one and have her buy it.

Not thinking of signing away a few million to my girlfriend, either.

I take it the OP is a happily Married man....Congrats. Lots of foreclosures in the NorthEast.

Originally Posted by MikeyLikesU

I take it the OP is a happily Married man....Congrats.

Nope, he's a clown.

Originally Posted by thaimeme

Depending on the market/locale - B300,000 - B450,000/B500,000 per rai.....

and up.
up a lot.

I could have bought, in my wife's name of course, 14 rai of nice farm land a month or so ago for 140,000 baht per rai. I paseed. There will be plenty of opportunity to purchase land in the futue if you have a Thai connection.

Originally Posted by rickschoppers

14 rai of nice farm land a month or so ago for 140,000 baht per rai

Good deal. Whereabouts ?

Outside Udon Thani towads Nong Bua Lamphu.

Originally Posted by crackerjack101

and up.
up a lot.

Like x10

Originally Posted by crackerjack101

Originally Posted by thaimeme

Depending on the market/locale - B300,000 - B450,000/B500,000 per rai.....

and up.
up a lot.

Yep - surely is up where you are....so I've heard.

Originally Posted by rickschoppers

Outside Udon Thani towads Nong Bua Lamphu.

OK Cheers.

Up here in Chiang Rai it's not uncommon to hear of folk asking a million per rai.

I'm not saying they get it but that's what the ask for. If they don't sell they just keep farming it.

A lady offered my wife just under 1/2 a rai, with chanot, for 500,000 2 weeks ago.

Is it a good time to buy rice/farmland.?

It's always a good time if there's a foreign clown paying.

Originally Posted by MikeyLikesU

Wish I could buy.

Last thing I read, only a Thai can do that. Maybe I will marry one and have her buy it.

Rent, mate, rent. for as long as you can, or at least until you feel as sure as you can in your relationship.

Yeah we rented for a decade.

Much to be said for it.

Originally Posted by cyrille

Yeah we rented for a decade.

Much to be said for it.

Yup, so did we. Initially down south, didn't like that, moved north rented for about 2 years I think and then finally bought.

Happy as now, but could easily have continued renting without any problems.

Who was the poster that was going to buy a house in Hua Hin, but rented it for a year first.

After 6 months the neighbor bought all the surrounding land and opened a large pig farm.

After 7 month months he packed up and had to move away from the noise and the stench.



It wasn't one of Daffodil's early nics was it? Was about 5-6 yrs ago.

Remember the poster building in CM 5 or so years ago using a reputable Thai company He ducked in unexpected and they were using some fake cement, not the stuff in the contract. The whole thing collapsed in on itself before they finished the first floor, no legal recourse (thailand), cost him about 1/2 mill I think which was his down payment and first few monthly payment.

Maybe it was Fluke.

Originally Posted by cyrille

Yeah we rented for a decade.

Much to be said for it.

Why didn't she buy a house instead of renting for 10 years?

Originally Posted by Luigi

Why didn't she buy a house instead of renting for 10 years?

It's cheaper to rent. Can get a nice house for the equivalent of thirty years rent, so better to have money in the bank until one snuffs it.

We will rent while renovating a house we already own. Money in the bank is one's best friend.

can when you moving here.?

how much rent does chico pay each month