Thread: Has the Thai Bubble Burst by Our Own Danny Boy , Happy Christmas .

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Yes, you just take on board this stuff from us old coonts Dicky and you should just weather the next global down turn.

Never ever fall into the trap of thinking that what you have now will be there tomorrow and that includes ya women.

The last bit especially.

Good idea Dicky, go rent a gaff in Nippon land and feel the joint out.

Originally Posted by NZdick1983

I saw a few condos in CM returning 9.6% PA.

Have they been built yet ?
There are numerous high rise Condos going up all over CM .
I would be surprised if the local condo market could sustain all these new properties

^ Yeah, a nice house is only $800 kiwi (per month!) to rent in Fukuoka.

Cheap living expenses (believe it or not)... as it's not Tokyo... would rather stay here than move to Tokyo...

*I will tattoo that last bit on my nether regions...

Originally Posted by NZdick1983

*Terry, would you ever buy a gaff in Thailand? not necessarily a house (as that can't be in your name) but a condo (in your name)..
I saw a few condos in CM returning 9.6% PA.

Forget about this 9.6% per annum bullshit Dicky, it's mostly fookin spin.

Fuk me, if I actually thought i could invest in something that guaranteed a 9.6 % return safely and consistently I'd dump all my Super into it.

And so would every other coont so there is ya answer.

I have the funds available to buy my Condo in Bangkok, Chiangmai or any other place in this shit-house.

Would I do It. ???

No fucking way, Thailand is simply a place to enjoy but never to be taken seriously.

It's Disneyland innit,

Except Micky and Minny mouse are mostly out to fuk over the Falang.


Na,

I love being here but I'm set up to be on the next plane out if and when the shit hits the fan.

No problems what so ever, Fook off to Bali and rent a nice gaff there.

I'm sure the numbers do add up, but the reason western owned businesses aren't seeing any evidence is because these tourists are Chinese.

Up early in the morning in their big tour groups, organised by Thai hotels/travel agents, to Thai tourist sites and eating lunch and dinner in Chinese/Thai restaurants.

None of this independent travel the strange long noses are so fond of and the money goes into Thai pockets too.

What's not to like?

^

The Chinese are trash, the average Thai receives sweet fuk all from them, all goes to the big companies.

Same as the Japs when they invaded Australia, Package tourists frequenting the same Jap owned companies.

Don't get me started on that lot,

Fookin Aussy Government mostly sold of North Queensland to the Pan heads.

^^Exactly.

The westerners response is frequently along the lines of 'if these coach loads of Asians would fok off there would be way more tourists'.

Danny boy actually seems to be one of the more perceptive observers if this thread is anything to go by.

Which has to be a concern.

And when has the average Thai ever mattered to the Thais with money?

Anyone with a bit of clout is well set to do alright off this lot- as long as they can put up with em.

You see that vid in Chiang Mai a while ago where the Chinese were causing murders in a restaurant 'cos they were about 100 baht down on the bill? If that had beem a westerner we'd have been wearing those plates the minute we started, but they were just trying to calm them down.

The Thais know what side their bread's buttered on these days.

Allowing our guests to be swindled and abused makes us poor hosts – and the country poorer

Thailand – an alluring destination for foreigners from the earliest days of Persian and Chinese trade missions and Portuguese explorers – has counted tourism as its single biggest money earner since advances in aviation made air travel affordable in the latter part of the last century.

The number of tourists arriving from all over the world has never stopped growing, with this year’s tally likely to top 30 million. The Kingdom has much to offer indeed – the sub-tropical climate, elegant temples, revered food, gorgeous beaches and majestic mountains with their colourful ethnic tribes.

And yet, as with all good things, here as everywhere, there is always a worrying downside to tourism.

While Thai culture is sturdy enough to resist the worst of foreign influences, we have our own tendency to curry favour among those visitors who arrive with agendas that have nothing to do with beaches or Buddhism.

Quite apart from the revenue gleaned from hotel bookings, guided tours, elephant rides and admissions to attractions, there is just as much money to be made from sordid activities that routinely see women and wildlife abused, health and lives put at risk. Ultimately, they also see the country’s overseas reputation further stained.

The dark side of Thai tourism includes overpricing, lurid sex shows in bars, gang-controlled prostitution, dangerous means of transport, robbery of every scale and, increasingly, violent assaults on tourists.

From Bangkok’s Khao San Road, a world-famous backpacker hub, complaints emerged recently that young children were pestering travellers to buy floral bouquets. The kids turned out to have been “purchased” from their poor parents in Myanmar and forced to sell bunches of roses in the streets at inflated prices.

As proudly “low-rent” as it is, Khao San Road now joins the list of Thai tourist destinations whose reputations are being sullied by shady businesspeople running organised criminal enterprises.

Operators of honest businesses should be speaking out more about these types of illicit activities. The more noise they make and the better the chance that the authorities will begin earnestly enforcing the law to stop criminals from undermining Thailand’s attractiveness. We have a solid Tourist Police force that by most accounts does a fine job of aiding and protecting visitors, but clearly there is more to be done to shelter our guests from harm while they’re here.

Perhaps the most disturbing recent case of a tourist falling victim to evil intent was the Australian woman who was raped after leaving Khao San Road in an inebriated state. Trustful of her surroundings and her Thai hosts, she accepted a ride from a motorcycle-taxi driver, and one such service provider now stands accused of horrifying sexual assault.

It would be wonderful if Thais could feel “honoured” that we are so trusted by foreigners, but we know all too well among ourselves that many of our countrymen deserve no such trust.

It thus becomes every good citizen’s moral responsibility to warn visitors about possible predators lying in wait. It is not enough to expect holidaymakers to always exercise common sense.

They’re here to relax, indulge their fancy and forget about any worries back home. If a guest, for example – especially one who’s on his own – drinks to the point of intoxication, a good host is especially watchful for his safety.

Despite horror stories transmitted around the globe from our beach resorts, nightlife zones and hazardous highways, Thailand’s reputation as a charming and friendly holiday destination remains secure.

The people who are most likely to damage that perception are not sex tourists or unruly tour groups but greedy local entrepreneurs taking advantage of unsuspecting travellers. Let’s stop them so that we can guard our visitors, along with our international reputation.

If tourism has a dark side, it?s our own fault

those tourists from the more civilised parts of the world are slowly cottoning on to the fact that thailand and its smiling con artists is no longer deserving of their naive sympathy and as masters of their own destiny it should be putting its own house in order.

but for the thais, it is as always, one step forward and three steps backwards.

Some tourists are probably getting wary of the bad press that Thailand gets. From the high profile deaths to the scams that the Thai police have failed to eradicate. The (damaged) jet ski scam in places like Pattaya is well known as is the inflated "foreigner" entrance fees. Acquaintances who know I spend a fair amount of time in Thailand often ask things like is it really full of Russians? I wouldn't feel safe there etc.
There has been publicity in Australia about the Australian criminals (one was murdered recently)that seem to congregate in Pattaya. In the end it is the perception that people have of a place and unfortunately Thailand is a place where it is easy to be scammed and ripped off with little help from the authorities. Corruption and a failure to address these problems will see "western" tourists nos decrease as places like Vietnam become more appealing. Hords of Chinese tourists will not compensate for the loss of western tourists. As Terry says The chinese tourist industry will end up like the japanese tourist industry in Australia. They will travel with chinese owned companies going to chinese owned shops and staying in chinese owned hotels. Even chinese employees to speak their language.
I recently took Lady Cow down to walking street to show her. There was a crowd of about 30 or 40 chinese all on a walking tour with a chinese company and chines guide looking around who bought sweet F all.

^

Regards all that stuff, at the end of the Day tourists simply love Thailand and it's not hard to see why.

If ya don't get involved in dodgy stuff and just come here as a normal tourist and spend ya money it's a brilliant place to holiday.

I rip shit out of Thailand at times but i really like it here and find the normal average working Thai to be decent people.

It the low brow Somchai filth that fuks it up, many do not encounter him though.

^^ The Thais are experts at cosying up to the right people at the right time while getting the best deal for themselves.

They'll be quite happy to crack out the fake smile and let the Chinese make a few baht, but it'll only happen if the terms are good for themselves.

Australia this is not.

Originally Posted by terry57

The Chinese are trash, the average Thai receives sweet fuk all from them, all goes to the big companies. Same as the Japs when they invaded Australia, Package tourists frequenting the same Jap owned companies. Don't get me started on that lot,

Can't blame the Chinese/Japanese for taking advantage of the opportunities presented to them in NZ/Aussie regarding our open policy of letting foreigners buy land/houses/assets...

Blame our/your stupid governments for allowing it to happen mate...

Say what you like about the Thais, but at least they are smart enough to limit/restrict foreigners buying up large, to protect their own citizens first and foremost...

Now the average young Kiwi, has a shit show in hell, of ever being able to buy their own house, due to the huge inflow of immigrants that have driven the house prices into the stratosphere.

^
I would go to your mad wife hotel is it like Fawlty Tower and is your wife another Sybil Fawlty ,

Originally Posted by taxexile

those tourists from the more civilised parts of the world are slowly cottoning on to the fact that thailand and its smiling con artists is no longer deserving of their naive sympathy and as masters of their own destiny it should be putting its own house in order.

but for the thais, it is as always, one step forward and three steps backwards.

Yep..

Originally Posted by terry57

Originally Posted by NZdick1983

*Terry, would you ever buy a gaff in Thailand? not necessarily a house (as that can't be in your name) but a condo (in your name)..
I saw a few condos in CM returning 9.6% PA.

Forget about this 9.6% per annum bullshit Dicky, it's mostly fookin spin.

I'm getting 10% on my CM condo.

I bought a bare unit used. Did it out myself. Planned to keep it as a base for when in the North without ever planning to rent it out. Circumstances changed and they signed for a second year with 6 months to go on the first year.


It should be stated that I'm getting that RoI because I lowballed the owner, they countered just a little bit higher, so I got it for below market value, then did it out with proper furnishings that I sourced myself and not some new condo shite that's from some fokin' Chipboard Index catalog at the same price.


I'd never buy new here. Overpriced and you're taking a gamble with management etc. I'd never buy as an investment here. At all.

If I ever need or want them, I'll have them to live in if I want, and my daughter will have them to do with as she pleases. The 8-10% RoI they happen to bring in until then is really just an added bonus.

So in a nutshell, buy used, buy empty, lowball the owner.

^ You read my mind, Lu

Was meaning to ask you, your return on your 2 condos (and location).. We aim for minimum 10% return from our rentals in Fukuoka (Terry scoffs).

Some properties are listed at 16 (or more) % return... but the caveat, is they are not in good/convenient locations and subject to heavy depreciation.

We will buy near a main line, short distance to train station is key, along with convenience of nearby facilities. My missus is more conservative in her estimate, but I am more ambitious... we shall see.

Keeping a close eye on the Japanese economy - and there are positive signs she is on the slow road to recovery due to the PM's Abe Economics. I sense a demise in the NZ economy, so I believe it is our best move.

Good on you mate... Thanks for the advice, Merry Xmas.

Originally Posted by NZdick1983

Was meaning to ask you, your return on your 2 condos (and location).. We aim for minimum 10% return from our rentals in Fukuoka (Terry scoffs).

Dicky my good friend, Now regards you " ROI " or " return on interest ".

Ya buy your Gaff in Pan head land for 100,000 Buks lets say.

Ya then must rent it out before you gain any income from it, ya then must deduct any ongoing fees from it before you get cash in your hand.

If ya on an investment loan ya must pay interest to the bank.

If ya paid cash ya need to pull a profit over what your cash could be earning.

When you decide to sell it ya hope the market has improved and you make a profit.

The ROI is not determined until the game ends and you have sold the property.

The only ROI stable and secured at the moment is Cash in the bank which is returning a diabolical rate of around 2 % AUD..

I hope you kick a winner on your investment property but do not think it's a secure winner.

Further more, Lu-Lu has the correct idea.

Buy and bargain hard for a fixer upper, Renovate for an immediate profit then rent the fuker out or even live in it.




.

^ Points taken onboard, thanks.

Nothing is a sure bet... I'm not kidding myself, we need a modicum of luck, mixed in for our plan to work. We can only be as prudent and careful as possible.

^

I'm not yanking your chain on this shit Dicky.

Ive had quite a few houses over my life time and the profit is only determined when ya sell the fucker and the profit lands in ya bank.

The ROI is not determined until the cash is in your bank at games end.

Never assume that the increase in your property value today will be there tomorrow or ongoing.

I bought my gaffs before the Property boom hit, if i had bought 3 years ago i would be crying like fuck.

That said, you are a young fuker so get in now and buy ya self a gaff, when ya an old fuk like us you will be well sorted.

Good luck Richard.

Mad ex told me that she had just 1 customer tonight, at almost a low season rate.

LoL, she had 1 customer on Xmas Eve and today I see this email from that customer:

"So we arrived at the "Hotel"... No one in sight. All the lights were off and the number didnt work. After letting ourselves in, still nothing and no one. The place is basically scrap. We had to find another hotel.
Can we please have a refund as we litterally paid for nothing."


Oh dear, another refund. I really don't know what to do with the mad bat

Dicky?


Looking to buy a hotel in Phuket?

Originally Posted by terry57

^

I'm not yanking your chain on this shit Dicky.

Ive had quite a few houses over my life time and the profit is only determined when ya sell the fucker and the profit lands in ya bank.

The ROI is not determined until the cash is in your bank at games end.

Never assume that the increase in your property value today will be there tomorrow or ongoing.

I bought my gaffs before the Property boom hit, if i had bought 3 years ago i would be crying like fuck.

That said, you are a young fuker so get in now and buy ya self a gaff, when ya an old fuk like us you will be well sorted.

Good luck Richard.

A house at the end of our road sold for 50k in 1995, nice artisan family with 3 young kids, they sold it for 205k in 2000 and bought a big ol' B+B in Brittany for less than 100k and banked the rest. A politician paid 1m for it around 2007-ish.

Sister made 70k profit off a 50k property in 3 years in the late 90's (she was a 50% investor)

Mother sold a house for 300k or so in 2009 that was worth 400k or so in 2008.

^

That's whats going on in Perth right now Lu-Lu.

Punters who entered the property market 3 years ago have had a 30 decrease in Value.

Its only a problem though if they must sell.

If not they just keep paying the mortgage and in the future things will turn round and away the market will go again.

It's the speculator who has borrowed money looking for a quick gain who are in deep shit at this time.