Jump to content
BANGKOK 23 March 2019 20:16
webfact

We demand action! Pattaya foreigners complain damage from next door condo construction

Recommended Posts

12 minutes ago, bkk6060 said:

Buying here is not "an investment".  If that is ones justification for buying which it often is, they lack total knowledge of "investing" and the real estate market here .

Here, is mostly a slow drip of stagnant nothingness.

You can make so much more money actually "investing" in a true meaningful investment.

 

And, renting gives you total control.

If it got so bad I could walk away from a 20,000 b deposit no problem.

You would have a hard time walking away from that 2 million b condo "investment".

 

 

 

Yes but imagine u have 2-3 M bht cash then buying makes sense.. Why trust banks with ur money might as well put it in a condo..

  • Like 1

Share this post


Link to post
Share on other sites
4 hours ago, bkk6060 said:

And, renting gives you total control.

If it got so bad I could walk away from a 20,000 b deposit no problem.

You would have a hard time walking away from that 2 million b condo "investment".

I find it hard to imagine any Thai condo ever being a total loss.

 

When I bought mine I always assumed that at worst I would only ever have to take a 33% hit in order to sell it promptly, and I see no reason to doubt that today. Obviously I would rather not take that hit, but it would not be a problem if it did happen.

 

OK, if there was a worldwide financial meltdown, or even some local catastrophe, there could be no one left at all to buy it, but in such a situation I would probably lose a lot more elsewhere and the value of a condo here would be the least of my worries.

 

Buying a brand new car is a worse investment, I think, as they are all guaranteed to lose 50% of their value within a few years. And new cars here can easily cost more than a decent condo would.

  • Haha 1

Share this post


Link to post
Share on other sites
10 hours ago, Destiny1990 said:

Yes but imagine u have 2-3 M bht cash then buying makes sense.. Why trust banks with ur money might as well put it in a condo..

??

Putting your money in a bank is not an investment...

Faceboook

Apple

Netflix

Mutual funds

Reit's

And Real estate but not in Thailand

These are a few examples of investments.

Share this post


Link to post
Share on other sites
6 hours ago, KittenKong said:

I find it hard to imagine any Thai condo ever being a total loss.

 

When I bought mine I always assumed that at worst I would only ever have to take a 33% hit in order to sell it promptly, and I see no reason to doubt that today. Obviously I would rather not take that hit, but it would not be a problem if it did happen.

 

OK, if there was a worldwide financial meltdown, or even some local catastrophe, there could be no one left at all to buy it, but in such a situation I would probably lose a lot more elsewhere and the value of a condo here would be the least of my worries.

 

Buying a brand new car is a worse investment, I think, as they are all guaranteed to lose 50% of their value within a few years. And new cars here can easily cost more than a decent condo would.

If you want to sell, you better get to it before Arcadia Beach Condos are finished. That development is absolutely massive. You need to see it close up to appreciate how big it is.

  • Haha 1

Share this post


Link to post
Share on other sites
17 minutes ago, bkk6060 said:

??

Putting your money in a bank is not an investment...

Faceboook

Apple

Netflix

Mutual funds

Reit's

And Real estate but not in Thailand

These are a few examples of investments.

As KittenKong said, you can do OK even if you take a hit. Hindsight is 20-20, but if I'd know I was going to be here so long renting, I too would have bought something. Too late now though... after spending 3,600,000 on rent so far, with another 360,000 per year. In real value, it's much more than that as the early money was worth considerably more.

Share this post


Link to post
Share on other sites
15 hours ago, bkk6060 said:

A good quality high blast fan will also work.

I bought a quality sleep sound machine on ebay..love it,but these loud scooters are getting worse and worse...

Share this post


Link to post
Share on other sites
15 hours ago, tropo said:

He likes to think he's in control, but actually, you have more control renting than owning because it's easy to move.

 

Next, he's going to say he a very smart guy (sorry, he already said that) with an accurate crystal ball and he accounted for all unknown variables.

 

My last landlord is smart and very arrogant. A neighbour from hell moved in and started a laundry, now he can't sell. You can't even keep the windows open due to strong detergent/perfume smells that quickly inundate the house. Tried to get it shut down through the same channels the guy in the OP story tried (city hall) - no dice. A waste of time.

 

Another unknown happened too. The condo they built next door places their garbage bins right next to the carport. When the garbage truck arrives every morning, it sits right in front of the carport for 10 - 15 minutes (a lot of garbage to collect) and that black, foul-smelling garbage effluent seeps from under the truck downhill to a place directly in front of the front gate. What are you going to do about that? All I did was hose it away every morning in addition to sweeping up all the litter left behind from the garbage bins that were emptied..., and then the other neighbours downhill from me complained that I was washing garbage effluent to their houses.

Who’s moving, as I said I have lived in the same housing estate for 14 years.

Not sure what was meant regarding the smart guy/crystal ball waffle.

 

The issues that have been raised are directly related to pricing, it’s all proportional and you pay for what you get.

You can rent a house for less than 10,000 baht a month in Pattaya, much less for a condo (apartment).

I am sure the quality of neighbours will reflect.

Share this post


Link to post
Share on other sites
3 hours ago, tropo said:

If you want to sell, you better get to it before Arcadia Beach Condos are finished. That development is absolutely massive. You need to see it close up to appreciate how big it is.

I dont live anywhere near there, thankfully, but I do know what it looks like.

 

If I did live near there then I would have been gone as soon as they got planning permission.

  • Like 2

Share this post


Link to post
Share on other sites
2 hours ago, rickjza said:

Who’s moving, as I said I have lived in the same housing estate for 14 years.

Not sure what was meant regarding the smart guy/crystal ball waffle.

 

The issues that have been raised are directly related to pricing, it’s all proportional and you pay for what you get.

You can rent a house for less than 10,000 baht a month in Pattaya, much less for a condo (apartment).

I am sure the quality of neighbours will reflect.

Where was it suggested that you're moving?

Share this post


Link to post
Share on other sites
17 hours ago, tropo said:

As KittenKong said, you can do OK even if you take a hit. Hindsight is 20-20, but if I'd know I was going to be here so long renting, I too would have bought something. Too late now though... after spending 3,600,000 on rent so far, with another 360,000 per year. In real value, it's much more than that as the early money was worth considerably more.

No one is forcing anyone to pay that much to rent in LOS. That is a choice.

  • Like 1

Share this post


Link to post
Share on other sites
3 hours ago, thaibeachlovers said:

No one is forcing anyone to pay that much to rent in LOS. That is a choice.

 

I'm not complaining, just saying how much rent I would have saved if I had bought, and trying to explain to people who actually read what they reply to (unlike you), that taking a loss (selling out cheaper) is not the end of the world if you consider the rental alternative. You can still come out ahead.

 

In actual fact, paying that much rent is not a choice, but a necessity. I have standards that I require. Slumming it in Thailand was never my plan. You have yours and you pay for that level. We all have different levels. 

  • Like 1

Share this post


Link to post
Share on other sites
sadly it happens a lot.
VT7.jpg.85b14c17661e2745138c450335ec2a12.jpg

Wish that sort of approach was taken more in our home countries!


Sent from my iPhone using Tapatalk

Share this post


Link to post
Share on other sites
3 hours ago, johng said:

sadly it happens a lot.

VT7.jpg.85b14c17661e2745138c450335ec2a12.jpg

What happens a lot?  

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...