Thread: Thai real estate in the doldrums

It all seems a bit silly to buy thai property as an investment - why not buy in your home country? You can still live in Thailand if you want to but you have much more rights and, if you are clever, less tax obligations.
It is also much cheaper to rent than buy here.
I wonder if the only reason why farangs buy property here is because their thai waives nag them into it as an insurance policy for themselves (by having the property in their name). It seems the only logical answer to me.

Originally Posted by Blake7

It all seems a bit silly to buy thai property as an investment - why not buy in your home country? You can still live in Thailand if you want to but you have much more rights and, if you are clever, less tax obligations.
It is also much cheaper to rent than buy here.
I wonder if the only reason why farangs buy property here is because their thai waives nag them into it as an insurance policy for themselves (by having the property in their name). It seems the only logical answer to me.

I own a home in New York that was down as much as 25% last year (it's still down about 15% from 2008)- I've done way better with my investments in Thailand, especially since amounts that would get me basically nothing in the States can get me far more here.

I made my first purchases before I met my wife (she comes from a very wealthy family and does not need me or my money- she has also managed to out-earn me thus far this year, and I've done OK so far).

I have brought quite a bit of land here and all in my wife's name.

In fact all the land/ properties I have purchased here has been acquired using money we have earned here and as I have no intention about running away from my family I feel it has been a good investment.

I suppose if I did decide to leave my family I would end up with fvck all pretty much the same if I did it in Australia, The UK or America. No more or less rights governed by different laws in fact I have known some men who have walked away with 50% of their properties here which is a rare event with regard to a divorce settlement back in the birth countries.

For those of us who have decided to make Thailand their home and have a Thai family then to purchase land is a natural progression as a husband and father.

^ true - I guess if you plan to live here till till the bitter end then I guess it makes sense though as a cold hearted investor it doesn't!

Originally Posted by Nawty

2009...look at the world wide catastrophy and look at Thai prices then and now.

The prices rarely tend to go down, sure some individuals with problems may need to sell quick and accept whatever, but this is not the general rule across the whole market.

Prices do stay flat and may stay flat for awhile, but I have not seen them go backwards during all of the problems in this country over the past 12 years.

volume and price, they have a strong correlation, when they drop, volume disappear

because it's not a continuous market, prices tend to move by stage, but hardly seem to go down. Of course, adjusted for inflation and opportunity cost, it becomes another story and most of those real estate investments long term are quite poor.

The locals have nowhere else to invest, so it's not going to go down anytime soon. They will rather keep it and see it lose value than sell it cheap.

Originally Posted by FailSafe

If the option to renew is attached to the chanote, it's not an 'option' dependent of the landlord's agreement

Yes it is. Your repeating it doesn't change that.

You really have no clue and should be quiet.

Originally Posted by Spin

Originally Posted by FailSafe

If the option to renew is attached to the chanote, it's not an 'option' dependent of the landlord's agreement

Yes it is. Your repeating it doesn't change that.

You really have no clue and should be quiet.

I added the clause for you, and you still don't get it- I think you're the one with an agenda here (to look as if you're the authority on all things Thai- I've seen it before- a little man with no real power or respect in the real world tries to build himself up online)- keep it up, though- it's getting more amusing with every post you make.

Here it is again- I'll post it once more if the third time is the charm.

From Section 564:

Real rights are attached to the real property rather than a person and are enforceable against third parties (e.g. transferee owners). Real lease rights follow the title of the property rather than the person. If the owner of the property dies, or transfers ownership of the property during the lease, the property transfers including the real rights it is burdened with.

Originally Posted by Blake7

^ true - I guess if you plan to live here till till the bitter end then I guess it makes sense though as a cold hearted investor it doesn't!

We, and as a family are not sure whether we will be here in LOS until the bitter end but expect if we do sell up our properties and move to Oz we should make a healthy profit and based upon our original investment.

I suppose, and from an investment perspective my wife is my business partner and we have legally purchased land at a very good price. The only way that it could go tits-up is if that partnership was broken and from experience such a seperation always means financial disaster for the man no matter what country you live in.

Originally Posted by Blake7

It all seems a bit silly to buy thai property as an investment - why not buy in your home country? You can still live in Thailand if you want to but you have much more rights and, if you are clever, less tax obligations.
It is also much cheaper to rent than buy here.
I wonder if the only reason why farangs buy property here is because their thai waives nag them into it as an insurance policy for themselves (by having the property in their name). It seems the only logical answer to me.

Or goofy post-Benidorm timeshare salesmen nag you to buy here..

Is this right time to invest in Thai's real estate?

Originally Posted by redpopular

Is this right time to invest in Thai's real estate?

Depends where and at what price.

Probably the best time to buy right now but only do it if you are prepared to loose everything if things go sour.

My wife and my mates wife purchased some land together (5 Rai) overlooking Koh Chang Island for an absolute song and if we lose it so what (about 2 months salary each for both my mate and I).

We intend to sit on it for another 10 years or so and by that time everything here in LOS should be steaming ahead.

With speculative investment goes risk and if you can limit the potential minimal losses against future massive potential profit then its all a bit of a game just like playing the lottery.

Originally Posted by Loy Toy

My wife and my mates wife purchased some land together (5 Rai) overlooking Koh Chang Island for an absolute song and if we lose it so what (about 2 months salary each for both my mate and I).

We intend to sit on it for another 10 years or so and by that time everything here in LOS should be steaming ahead.

With speculative investment goes risk and if you can limit the potential minimal losses against future massive potential profit then its all a bit of a game just like playing the lottery.

Nice one Loy Toy, I do not intend to retire in Bangkok, I think we are considering buying some land in Khao Yai although now the prices have shot up. This would be for retirement and not investment