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BANGKOK 22 July 2019 04:22
Pilotman

Strong Bhat Makes my 800,000 for my extension look a good investment

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I would hardly call those "investments" but it didn't cost you as much quid to fund those things then as it would now.

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Posted (edited)

False conception.

 

It is a big investment as is your house into nothing.  Unless you cash out that account and sell the property now for what you paid for it.

Good for your thinking Pilot but a savy agent/buyer is taking the sliding Baht into consideration.

A good agent would recommend 30% less then what you paid for that house.

People have the misconception that this temporary slide in the exchange rate means they are making big money on their properties.  12,000 properties on the market now just in Pattaya area so I guess some buyers/agents are playing it smart. Sellers holding out without a clue.

 

But, if it makes you feel better/richer in your mind keep that thought.

Edited by bkk6060
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2 minutes ago, Briggsy said:

The OP and I have a very different view on how to measure return on an investment. 

 

I could start a discussion on unrealised and realised gains but I feel this is not what the OP wants to hear.

 

Well done @Pilotman. You're up!

too difficult for a simple soul like me. 

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8 minutes ago, Pilotman said:

Now that I understand 

i thought i do good too. but we dumb. :cheesy:

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Friend thought he would sell his very nice house. Started around 13 mil thb and still no takers at 9 mil thb...

Apparently a new round of “investigations” into the old Thai company nominee holding property scam. If that ever gains traction there may be a flood of foreigner “owned” property hitting the market. 

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Well, yes & no.  It just depends on how "you" look at it based on what you consider is a happy ROI (return on investment). Glad yo are happy though. 

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