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Stubby

CM Condo Rentals through the Roof!

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1 hour ago, deej said:

From my actual experience

More Bangkok investors.

Then Chinese .

Probably wise of them, given most of Bangkok is 1 metre above sea level.

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38 minutes ago, Lacessit said:

OK, you got me.

you're one of the nice guys ......  ( i keep track   lol )

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6 hours ago, Bassosa said:

Rental prices are definitely down in the established high quality buildings around town.

It's a buyers market, especially out of season.

I agree. Prices are as cheap as they have been in 8 years. Anyone who says other is looking at all the wrong places. The vacancy rate I read is around 55%. People are desperate.

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Big over supply and more bring built. Renters market, wouldn't buy in a million years in CM.

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My friend tells me there is loads of empty houses on the moo baans for 3 bedrooms 11,000 Baht a month 1 year contract

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23 minutes ago, ChipButty said:

My friend tells me there is loads of empty houses on the moo baans for 3 bedrooms 11,000 Baht a month 1 year contract

Correct.  And possibly lower then 11.000 Baht per month.

2 bedroom houses .can be found at 5.000 Baht per month.

1 yr contract .

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At that sort of money you could get a really nice 3 bed house house in one of the many moo banns in sansai and meechok areas...  . better option?

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18 hours ago, Stubby said:

Seriously, I can hear pee drop into the toilet next door each time someone visits the loo. I could probably headbutt my way into their bedroom,

A little too much info but I get the idea... 

 

Yes, prices have gone up and most of our currencies have gone down... and during your ten year period, there has been plenty of inflation... the entire housing market here is crazy. Actually, lack of a market. Much of what i see for sale is not selling and is seriously overpriced. I see places for sale for 6MM that I could buy the land and build new for 4 million or less. 

 

As to rentals, they move along with this unreasonable market. There are older condo buildings here that are near empty and still the rental prices do not drop. I do know a few people who have bargain rentals, but that is not easily found...

 

For as long as you have been here, you are probably most likely to find a bargain property by asking around, talk with the local ladies at the market... etc etc... good luck.

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When I was renting, best places were to be found by exploration.

Many sellers / owners do not advertise in the media. Piece of cardboard wired to the gate or post.

Find an area you like, and hit all the back sois.

Best deals around.

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1 hour ago, Dogbarker said:

At that sort of money you could get a really nice 3 bed house house in one of the many moo banns in sansai and meechok areas...  . better option?

I like newness, DogBarker, lots of glass, and elevated views.

The tiny windows and bland interiors of Thai houses don’t cut it for me. They just seem so characterless (on the inside), compared to a modern condo. I sooner have small and beautiful than big and bland, but it’s a personal preference, of course. 


Also, if there’s a problem in a condo, you go to the office and report it. Five minutes later, a bloke’s standing at the door with his box of tools. There are fewer issues with pests crawling all over the joint too.

 

But hey, never say never. If I came across a little two-bed detached that checked enough boxes, I might sign a 2-year contract on the spot. But thus far, I'm not convinced. Nor do I fancy rattling around a big ol house on my own.


Stubby

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1 hour ago, kenk24 said:

A little too much info but I get the idea... 

 

Yes, prices have gone up and most of our currencies have gone down... and during your ten year period, there has been plenty of inflation... the entire housing market here is crazy. Actually, lack of a market. Much of what i see for sale is not selling and is seriously overpriced. I see places for sale for 6MM that I could buy the land and build new for 4 million or less. 

 

As to rentals, they move along with this unreasonable market. There are older condo buildings here that are near empty and still the rental prices do not drop. I do know a few people who have bargain rentals, but that is not easily found...

 

For as long as you have been here, you are probably most likely to find a bargain property by asking around, talk with the local ladies at the market... etc etc... good luck.

Thanks, Ken 😉

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28 minutes ago, canthai55 said:

When I was renting, best places were to be found by exploration.

Many sellers / owners do not advertise in the media. Piece of cardboard wired to the gate or post.

Find an area you like, and hit all the back sois.

Best deals around.

Good advice, Canthai55. I have time on my side.

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there are loads of bargains available, just need to find them

 

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I know its not the same area, but my wife haggled the owner of our large 2-bedroomed house with small garden in Pattaya down from 12,000 to 9,000 baht a month - seems she was happy with the 25% reduction as the bank have been harassing her to get money back. For reasons that I can now only put down to lack of people renting, I am being offered larger properties for less money now, rather than the other way round. 

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1 hour ago, Stubby said:

The tiny windows and bland interiors of Thai houses don’t cut it for me. They just seem so characterless (on the inside), compared to a modern condo. I sooner have small and beautiful than big and bland, but it’s a personal preference, of course. 


Also, if there’s a problem in a condo, you go to the office and report it. Five minutes later, a bloke’s standing at the door with his box of tools. There are fewer issues with pests crawling all over the joint too.

 

But hey, never say never. If I came across a little two-bed detached that checked enough boxes, I might sign a 2-year contract on the spot. But thus far, I'm not convinced. Nor do I fancy rattling around a big ol house on my own.

You are correct about  most houses having poor floor plans.  Not attractive to our western tastes.  

On the other hand I am someone who can't stand living in a box among other boxes .  I like my small garden and sense of living in my own space.   

Everyone has different opinions .  From my long tenure in the market I agree there are LOTS of rentals available.  Those that post that there are lots of houses for  5000 baht really don't understand WHY they are that cheap.   I won't bother to explain.... just let you know that mine are a bit over 10,000 and are never empty longer than a month.  One recent tenant looked at ours,  then about 20 others before coming back to rent ours .    Well, a short explanation :   the typical Farang renter would like a quiet place ( no dogs, karaoke, crazy neighbors, good floor plan,  clean and comfortable, safe, decent landlord, ETC )

The list can be longer but finding such a place is NOT easy.... hence the many problems farangs encounter after they move into that "great deal".    

I would never sign a 2 year contract as, like in a relationship,  it takes a while to catch the red flags if there are any.  And often there are.   We also would never give a 2 year lease ..... for the same reasons !

BTW:  Stubby,  I know you would like our place but we are on the far opposite side of town towards San Phii Sua.    Very convenient to everything .... but i also like Mae Hia area going out the canal road (if i was to choose another area)    I ride a bike also and that is a good spot to be.     Rumak

 

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