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trogers

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Posts posted by trogers

  1. 1 hour ago, visarunner said:

    why people are so limited in their thinking.

    These nationals (most likely living in Malaysia)like and enjoy  the easy going lifestyle on the Thai side of the border,

    but they can come only twice a year.

     

    .

    I know of very few foreigners holding long-term Malaysian visa residing in Penang or other northern malay states.

     

    Most would be residing in KL, and they would fly to Haadyai if so desire...

  2. 49 minutes ago, hansnl said:

    More & more I get the idea ultimately all these "crackdowns" on entries into Thailand will kill off a lot of tourists entering and will minimise the income from tourists.

    Officially it is all about illegally working in Thailand by foreigners, but I really doubt if that problem is so big.

    I think it is a huge overkill.

    But, no problem, tourist numbers are on the rise.

    I would think most genuine tourists from Brunei, Indonesia and Singapore would fly into Thailand.

     

    I suspect the people from these 3 countries doing frequent land crossings are just doing visa runs, for purposes known only to them.

  3. It's a very fine line though. One building the company I work for owns runs at 99-100% occupancy.

    About 50 meters away there is a similar building owned by a competitor. Their rooms are newer, larger and furnished to a higher standard. They charge 500 baht more per month and they are at about 70% occupancy.

    Personally if I managed that building I would be more competitive with pricing, but I think it's partly a loss of face thing to reduce rents.

    With such a high price elasticity, I would venture to guess that the tenant sector is primarily households that live from pay packet to pay packet...

  4. I work for a Thai company that owns apartment blocks where we rent out individual rooms. These are cheap rooms rented almost exclusively by Thai low income earners (although the rooms are available to anyone of any nationality).

    From a commercial point of view it's a nice steady business that brings 5-6% net ROI, and that is doing it the legit way where all income is declared and all taxes are paid, including VAT.

    Expenses are low and we do precisely zero advertising.

    From a management point of view we have to have really good building managers to keep on top of some tenant's anti social tendencies.

    Each building has a maintenance guy, so as soon as the (basic) rooms become empty they quickly redecorate and fix everything for the next tenant. Everything is standardised. The same paint, the same fixtures, the same furniture.

    The business strategy is clearly working - the apartments run 100% full most months (with a waiting list).

    Five to six percent per annum ROI is a poor return unless there is capital appreciation on the land.

  5. Picking the bottom of the market? If I knew that with certainty, I would be dining with Bill Gates & Warren Buffett et al.

    Sometimes, when it looks to have bottomed, it is in fact about to dip again.

    The property market is not as smooth as stocks etc - volume.

    However, in general terms, I agree with your hypothesis.

    My observation is that a cycle bottoms out when some developer kick starts a new development.

    We can only try buying near the bottom, and not at the lowest point.

  6. I have been a landlord since my early 20s. When I came to Thailand, I did similar.

    The low ROI combined even with very few problems make it a no-go.

    I have a condo for sale - really too large to rent.

    Built a house.

    Pitiful bank interest & 15% tax is far more relaxing.

    At 67yo, no thank you!

    Low ROI? Would depend on the point of the property cycle an investment is made.

    I was referring to net rental return only. Capital accretion has been my sole purpose in acquiring property.

    If capital appreciation is your main objective, buy near the bottom of cycles in any major city worldwide...

  7. I have been a landlord since my early 20s. When I came to Thailand, I did similar.

    The low ROI combined even with very few problems make it a no-go.

    I have a condo for sale - really too large to rent.

    Built a house.

    Pitiful bank interest & 15% tax is far more relaxing.

    At 67yo, no thank you!

    Low ROI? Would depend on the point of the property cycle an investment is made.

  8. Lots of guest houses on daily, weekly and monthly rates. Quit looking for apartments (min. 3 months) and condos (min. 6 months).

    Hundreds of Apartments in BKK rent per 1 month and less, even per day

    there is a plethora of websites catering to the market of short-term rentals

    renthub.in.th is the best of the pack, as well there are:

    hongpak.in.th

    thaiapartment.com

    9apartment.com

    a.s.o.......

    Such short term rentals of condos are illegal, with no business licenses, insurance and payment of taxes.

  9. If a major quake struck Bangkok, it would be a catastrophic disaster on scale that surpasses any natural disasters that have happened here before, and probably make the Nepalese earthquake appear mild in comparison.

    I very much doubt that tall buildings in the city are designed to counteract the jelly-mould affect, which is basically the exaggerated shaking like a jelly being moved about on a plate base and of course most of the land in Bangkok has been claimed from it`s rivers, that are still lingering beneath the surface.

    The Thai philosophy is and has always been; it hasn`t happened yet, so worry about it if something does occur in the future. My philosophy has always been and still is, to think and plan ahead, which for this reason, there is absolutely no way I would consider living in a Bangkok high rise condo, even for free.

    Like I have said, a major earthquake striking any city that has no written history of quakes nor near to any fault lines would be catastrophic. You can imagine that to be Bangkok, or Hong Kong or Singapore or Sydney or even London.

    Next, how prepared is the city of Chicago should a tsunami strikes?

  10. Site name="wabothai" post="9360042" timestamp="1430453090"]

    Even with existing buildings it is not too difficult to add some proofing systems, says my California experience.

    I tried to apply it in my own structures, which was very difficult because the workers refused to listen to me. Farang not know Thailand !

    One even told me to go take a hike when I suggested he do a certain thing my way.

    Houses will continue to collapse during eartquakes, no matter our expertise which is not appreciated. After 6 years of building here there are no requests for any kind of (free) assistance.

    Off topic (but to do with the raise of min. wage to 360).: neither is anybody around here interested in part time work, like a contract for 2 days a week doing upkeeping of land and buildings.

    Nobody interested in work here period. Had some locals approach my wife about borrowing money. I offered a job (1 or 2 days) to do some odd jobs around the property. All good.

    Showed up (late) and wanted the money first before work. Wifey told them they must complete the job before getting paid. They turned around and left. Still see them 8 months on, unemployed, blasted on lao khao by noon, grooming their fighting cocks and mooching off their relatives who have jobs and provide them a place to stay. Amazing.

    They are awaiting the next protest rally where they get to sit in a crowd with Lao Khao and still get paid.

  11. I live on the 25th floor of a bangkok condo and i was up here when that one hit upnorth, the building started to sway-it was trippy but i'm not worried about it because taller buildings are actually safer when eathquakes hit, its the short ones 4-10 stories that experience the most shaking and those are usually the ones that come down.

    While the tall buildings in Bangkok swayed from an earthquake up North, those 4-10 storeys felt nothing.

    Low frequency tremors travel thousands of kilometres affecting tall buildings which also have low natural frequencies. Mid to high frequency tremors dissipate quickly with distance.

  12. "High-rise buildings built after 2007 in Bangkok can withstand shaking from earthquake of 6.3 magnitude, according to the Building Control Division of the Department of Public Works of the Bangkok Metropolitan Administration."

    Nonsense. Thai engineers wouldn't have a clue about soil liquefaction. http://en.wikipedia.org/wiki/Soil_liquefaction

    I'm certain the soil underneath the buildings in Bangkok was never strengthened to avoid this earthquake phenomenon.

    Actually it would be more truthful to say that the buildings since 2007 are designed to withstand a 6.3 magnitude earthquake. However as everybody knows corners are cut, money for projects are scammed and all buiding control officials are corrupt, so most buildings are not built in accordance with their design. So just wait for a huff and puff and they will be blown away.

    Not true. I was budgeting a condo project in early 2007 when the designer came back to request more money. BMA requested compliance for earthquake. As a result, about 16% more steel reinforcement had to be added to the structure.

    Construction was to the amended design.

  13. what about taxes, they want the extra benefits but still do not want to pay taxes, this just shows how little they actually think. They go out and buy a big truck, new iphone for all the family, big tvs then complain they cant afford to live due to their repayments for all the loans they have taken out. The only way to help them is for them to be shown how to control their money, make them pay taxes so they can get benefits they want, pay them a higher wage provided they do better work to earn it etc. It is fine demanding all these things but they need to do something in return so that they actually earn it, pay taxes for the benefits, have a better work output for the higher wage etc but as we all know this will never happen, much easier to just demand everyone do what they want so they have a better lifestyle which will never happen with the attitude they have and how they think or should I say not think

    You want minimum wage workers to pay taxes? Am a little curious that since there is little or no social security in Thailand, what benefits are you talking about. A wage is not a benefit.

    Beyond that, tax evasion is massive in Thailand, it is actually the self employed and the family companies evading taxes not the minimum wage employees that fund these companies.

    Your rant was indeed weird and I don't see why the minimum wage cannot be simply pegged to the rpi. End of issue.

    Interesting. Singapore pegs it's minimum wages to a productivity index.

  14. If their civil engineers can't figure out the water runs down hill does anyone think that their structural engineers can handle an earthquake?

    Should a BIG one move near BKK there is not enough syrup in all the world for all the pancaking that will have gone on here.

    Then perhaps Hong Kong and Singapore should also be warned as over 80% of their people live in high-rise buildings.

  15. Journalists and the Media of USA are on the take from the wealthy and powerful.

    See the log in your own eye before pointing at the speck of dust in the eyes of others.

    You miss the point. Regardless of whose station it is or who's behind it, it can say what it thinks.

    You can stand on a street corner with a cardboard sign or start your own blog or web site or newspaper or whatever and say what you wish to also.

    The government isn't going to decide who should be on the air and who shouldn't.

    And ISIS should have the right to a TV channel in every developed country in the world to incite the masses?

    A classic case of being so opened minded that the brain falls off.

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