The Economy- I See No Changes Here In Issan.

[mellow]

I have seen absolutely no changes here in Issan, due to the economic situation facing the rest of the world. How is the part of Thailand doing, where you live?

[Mid]

surprising statement , would you be aware if more folks where at home rather than away working in the city ?

[Marmite the Dog]

I have seen absolutely no changes here in Issan

Me neither.

[chassamui]

Check out this thread:
https://teakdoor.com/moronic-kiddies-posts/45940-you-guys-live-up-country-seeing.html

[Dan]

I know that a lot of the ceramic factories round Lampang have got sod all orders coming in.

[mellow]

surprising statement , would you be aware if more folks where at home rather than away working in the city ?

No, all looks same as usual.

[Norton]

How is the part of Thailand doing, where you live?

I'm in Isaan so same as you. Few if any changes except many returning to the village after they have lost their jobs.

With the cutbacks and layoffs in Chonburi and Bangkok certainly folks that live there must be seeing impact.

[Dan]

Unless you're pretty intimately involved in the local economy, how would you know? I've heard a few things through friends but I'm not listening to the local radio station/reading the local paper and unless you are, I'm not sure how much you're going to find out.

[Norton]

Unless you're pretty intimately involved in the local economy, how would you know?

Good point. In the village little has changed. They really don't have an economy so naught to effect.

Have a few Thai merchant friends living in Roiet city and they have told me sales are down 20 to 40% in the last few months. One good friend in the consumer electronics business said closer to 60% decrease in sales. Most of the small and medium size businesses run on cash rather than credit so they will survive. Bigger companies who have borrowed to buy stock are going to be in real trouble.

[blackgang]

Spend twice as much at the grocery store each week now as we did last year.

[barbaro]

I have seen absolutely no changes here in Issan, due to the economic situation facing the rest of the world. How is the part of Thailand doing,

It's Isaan. You won't see much change. Perhaps more people returning to Isaan from the big city, but I doubt you'll see much change.

where you live?

I am hearing about it, but don't "see" it or "feel" it - yet.

The locals talk about it, but in the industry I'm in, I am not concerned - yet.

[Spin]

Give it 6 months, then you'll see a change. Used car lots and motorci shops bulging to the max, that kind of thing.

[barbaro]

Give it 6 months, then you'll see a change. Used car lots and motorci shops bulging to the max, that kind of thing.

And I definitely don't want to see this.

Because there will be other "socioeconomic" spin-offs.

[Norton]

Give it 6 months, then you'll see a change. Used car lots and motorci shops bulging to the max, that kind of thing.

"Car sales in Thailand plunged nearly 30 percent year-on-year in January, the eighth consecutive month of decline, leading industry figures to appeal to the government for help."

[EmperorTud]

A couple of businesses in our moobaan in Bangkok have recently shut down. Others are functioning on what seems to be a part-time basis. Some remain deserted and have been for a while. One has expanded and seems busy while another is under new ownership.
Another couple are really struggling and may not be in business much longer according to the owners.

[EmperorTud]

Give it 6 months, then you'll see a change. Used car lots and motorci shops bulging to the max, that kind of thing.

"Car sales in Thailand plunged nearly 30 percent year-on-year in January, the eighth consecutive month of decline, leading industry figures to appeal to the government for help."

The Government recently refused a bail-out for the Thai automobile industry.

It's in serious trouble.

[ceburat]

Spin is right. About six more months and then it will start to show in issan areas. Everything in and around Muang (Korat) look and feel the same to my wife and I both.

[English Noodles]

Used car lots and motorci shops bulging to the max, that kind of thing.

They are already in Bangkok.

[filch]

I have seen absolutely no changes here in Issan, due to the economic situation facing the rest of the world. How is the part of Thailand doing, where you live?

I've already seen the impact here in BKK, I agree with several posters. 2-4 months you will feel/see the impact.

[Missismiggins]

I have seen absolutely no changes here in Issan, due to the economic situation facing the rest of the world. How is the part of Thailand doing, where you live?

When you have hit the bottom, there isn't much further down you can go!
But hey, wait around for another 6 months...when the "face saving" borrowing, starts to take it's toll!

Isaan is probably in a better position than the rest of Thailand in this depression, basically, it has been fucked and ignored for too many years, the people there are much better prepared for hard times than the "White Skinned Vermin" from the other provinces!..good luck!

But never mind, the economy will only get better...........think of all of those people gettting their 2K Baht...imagine the stimulus to the economy! (did you see the paperwork they had to fill in...it must have cost 10K in trees!)

[filch]

^
You just popped onto TD to spread a little light hearted glitter of yours again didn't you!

[Spin]

Anybody noticing any "motivated sellers" of land in the Isaan area?

The gfs hankering after some and we have been offered some fairly attactive deals.

I'm holding off for six months though, that will be the time to buy. Believe me when I say America is fucked, and there isnt a country in the world that isnt going to eat a big fat shit sandwich. Thats includes Thailand, the export numbers are bad right now, check back in July. Its gonna be an interesting year, thats for sure.

[Missismiggins]

Anybody noticing any "motivated sellers" of land in the Isaan area?

The gfs hankering after some and we have been offered some fairly attactive deals.

I'm holding off for six months though, that will be the time to buy. Believe me when I say America is fucked, and there isnt a country in the world that isnt going to eat a big fat shit sandwich. Thats includes Thailand, the export numbers are bad right now, check back in July. Its gonna be an interesting year, thats for sure.

Boy, youre not kidding, 6 months, the Elite card will probably be back, 10 year visa for 50 baht, or they will go the other way, and simply close the doors, a little like Cambodia or Burma...who knows!

[filch]

^
always the optimist!

[Mr Earl]

Between agriculture and fish processing the local economy in Ranong seems pretty strong and stable. Lots of young euro backpackers going to the islands.