trying to buy a condo under 1000000

[impulse]

1 hour ago, RoadWarrior371 said:

3 hours ago, Kenchamp said:

All these doomsayers can't seem to grasp the idea that it's nice to own your own place and that provided you buy the right condo in the right place then it can be a fantastic investment and home. 

Remember, the Doomsday Naysayers prove themselves to be financially incompetent again and again.  Those idiots should never invest in anything, anywhere.  On that point they are correct.  That said, much of the easy money has already been made in Thailand, so need to do your homework. Good hunting, perhaps look for resale units near to Pratumnak?

 

The flipside of that is you have very little control over which way it's going to go for a property. 

 

There's a lot of guys who think they're financial geniuses because they happened (through luck of the draw) to pick a property where the management (and their wife) didn't abscond with the funds, they didn't open an all night music bar next door, and they actually enforce the rules to keep the place nice.  Other guys made great looking purchases, only to find out they were on the other side of that bell curve.

[Hank Gunn]

If you're looking in Pataya, I heard there're some houses up for sale that might be had for a bargain.

 

 

????

[vukovar77]

3 hours ago, Kenchamp said:

Well said and that is exactly how i felt 13 years ago when i bought my first condo here. I still own it and could easily double my money if i chose to sell today, but i prefer to take the 12+% yield i get from the rent i recieve for it.

 

All these doomsayers can't seem to grasp the idea that it's nice to own your own place and that provided you buy the right condo in the right place then it can be a fantastic investment and home. 

Maybe yes if You buy before 10-20 years,but it is very hard now.Things are changed very much now.

I am almost sure that prices in Pattaya and Bangkok will fall much more (30-70%)in a next few years and maybe than we can buy without much less risk of losing money.

[gamesgplayemail]

Sorry but did the OP ask about choosing between buying or renting ? so why are you all giving your opinion that HAS NOT BEEN ASKED !?!!

 

OP, you can find great condos for this price at View talay 1 which still look like a new building after so many years. Friends bought there and everything is perfect for 1 million.

 

 

[gamesgplayemail]

On 11/4/2019 at 9:17 AM, scubascuba3 said:

The bigger condos don't you just end up filling it with more junk? how many sofas and tables do you need, how many bedrooms? one, two max, friends on holiday won't want to stay there. I have seen some big condos that have loads of empty unnecessary space

 

I totally agree. People who need more space cannot be very smart in my opinion. And it's not about money, I drive a 6MB car.

 

 

[CMNightRider]

You would be so much better off just renting a nice condo in a safe area.  If you haven't noticed yet, there are a lot of westerners leaving Thailand.  If you still want to buy, there are some incredible deals out there from people trying to leave.  You are in a buyers market.

[gamesgplayemail]

19 hours ago, thaitero said:

For that price i would consider VT 1 Studio which may be possible to get.

 

Cheap maintancefees, well maintained, Email newsletter for management monthly activities, 24 hour food mart and busstation to suvarnabhum at your doorstep, On baht bus route, huge pool, Bars, foodplaces, massages, atm etc can be found downstairs..

https://www.hipflat.co.th/en/projects/view-talay-1-ffetcf

yes it is clearly the best deal in Pattaya.

 

 

[Peterhua]

21 minutes ago, CMNightRider said:

You would be so much better off just renting a nice condo in a safe area.  If you haven't noticed yet, there are a lot of westerners leaving Thailand.  If you still want to buy, there are some incredible deals out there from people trying to leave.  You are in a buyers market.

But he's not like you. He can afford to buy a condo.????

[parafareno]

1 hour ago, gamesgplayemail said:

Sorry but did the OP ask about choosing between buying or renting ? so why are you all giving your opinion that HAS NOT BEEN ASKED !?!!

 

OP, you can find great condos for this price at View talay 1 which still look like a new building after so many years. Friends bought there and everything is perfect for 1 million.

 

 

but it is 32 sq m, i need at least 40 sq m

[newnative]

3 hours ago, xylophone said:

I think it's a case of what you get used to after a while........I have lived in fairly large houses in the UK and NZ although I bought a two large bedroom and lounge house here in Patonga when I first arrived.

 

When I sold it eight years ago, I moved into a small private apartment in the interim, whilst I was looking for my next move......and I've been here ever since!!! Something I never thought I could do because this apartment is about 45 m², with a 15 m² balcony, however I have gotten used to it, dumped a lot of the unnecessary clutter I brought with me and manage very well in what I once considered a very "unmanageable" space for me!

 

Occasionally I go out and look around at bigger apartments or the occasional house for rent, but now they all seem far too big and as I've gotten older, I do cherish the fact that I have nothing much at all to clean or keep too tidy.

 

One would be surprised at what one can get used to, and get to like, given time.

     Great post and I totally agree.  My partner and I have lived in 9 different condo projects in Pattaya.  Our largest condo has been a 3 bedroom 3 bath of 124 sqm and the smallest a 48 sqm studio--we lived in the View Talay 48 sqm studio model in VT3, VT5C, VT5D, and VT7.  With each of the studios we partitioned off the space to make separate living spaces and bedroom spaces because one of my bedrock requirements is not to be in the bedroom when I am in the living room--and vica versa.

     We've been just as happy in the small condos as the larger ones.  As long as we have a king size bed, big bedside tables, inside and outside dining spaces for 2, a well-equipped kitchen, adequate bathroom, and a living room big enough for a comfortable sofa and tv, we are fine in a smaller space.  You can get all those things in a VT 48 sqm studio.     

     It's, perhaps, not 'living large' but we like a more streamlined lifestyle without a lot of clutter and carting around a lot of excess, needless stuff from move to move.  We have our favorite art treasures and antiques that we always take with us and for the rest we enjoy searching for new furniture for the new place.  And, we have found that we would rather have a smaller space with a killer ocean view and a great location rather than a larger, no view space in a less desirable area.  

      Instead of one big place, our plan is to have 2 smaller places, one in Pattaya and one in Bangkok.  We bought a tiny Bangkok condo as a test last year to see if we would like going to Bangkok regularly and found that we did.  So now, having sold that condo, we are looking for another Bangkok condo in the 40 to 50 sqm range.  (We found that 24 sqm is just too small for us, even if we are only using it occasionally.)

    Of course, for some a smaller space would feel too confining and really it's whatever floats your boat and makes you happy.   Luckily, condos come in all sizes as one size doesn't fit all.

     

      

[captpkapoor]

On 11/4/2019 at 1:10 AM, Lacessit said:

I buy a condo here, the rent I save is equivalent to a 6% return. I save my money instead, buy an Australian bank share or other bluechip for a grossed-up return of 7%. Or I get 6-10% return in the peer-to-peer lending market.

Guess what? I can liquidate those investments with the click of a mouse. It would take months to sell a condo, even assuming it is possible with oversupply and falling demand.

So tell me, what are you going to do when you can no longer live in Thailand due to Immigration? Or if your condo starts falling apart, and all the owners are hit with a huge levy? New neighbours are still partying at 4 am?

Dumbest post I have read in years.

Interesting about the peer to peer market. A retired investment banker was also telling me about it. Could you please PM me any details?

[parafareno]

55 minutes ago, gamesgplayemail said:

yes it is clearly the best deal in Pattaya.

 

 

are rooms quiet, or you can hear your neighbour talking? what to do if neighbour is playing music full blast?

[fhickson]

4 hours ago, rhodie said:

Lived here over a year. Never seen anyone in underpants in the hallways. You always get the oddball anywhere and there are 1 or 2 here. Have a look at the D block. Generally the people are great. Quiet and peaceful. Scramble parking for your car and bike. 2 nice pools. Some condos have great views. 15 minute walk to Soi Buakow.

 

Very reasonable rent. I know there were some problems years back, but it runs pretty well now. It works if you are happy in a 40 sq mtr condo. Although there are many double units available if you prefer larger. 

Works for me and all the guys I know that live here. 

 

anything works if thats the constraint.

 

a better question is, can you could afford better and choose to stay, or are you there out of financial necessity?

 

[from the home of CC]

On 11/4/2019 at 5:10 AM, Lacessit said:

I buy a condo here, the rent I save is equivalent to a 6% return. I save my money instead, buy an Australian bank share or other bluechip for a grossed-up return of 7%. Or I get 6-10% return in the peer-to-peer lending market.

Guess what? I can liquidate those investments with the click of a mouse. It would take months to sell a condo, even assuming it is possible with oversupply and falling demand.

So tell me, what are you going to do when you can no longer live in Thailand due to Immigration? Or if your condo starts falling apart, and all the owners are hit with a huge levy? New neighbours are still partying at 4 am?

Dumbest post I have read in years.

peer to peer lending at 10 points, are you talking about loan sharking? not judging just curious..

[cryo]

32 minutes ago, captpkapoor said:

Interesting about the peer to peer market. A retired investment banker was also telling me about it. Could you please PM me any details?

Be very wary of the peer to peer market there are many birds coming home to roost in that financial area. It appears there was more wishful thinking than good banking practice and a few peer to peer financial groups are looking like folding in the next six months with lots of others instructed not to take no new funds by the UK financial regulators. A few in the UK are being seriously looked at by the governments financial regulators as there have been too many failed loans turning/covered up on the books. Always bear in mind if it sounds too good to be true it will invariably cost the savers and not the managers as witnessed in the latest Woodford saga.

[Number 6]

Aside from rent vs own - what about living with such chavs and low budget prosti's in the vertical ghetto? Noise, crime, drugs.

 

At least no ABnB!!

 

 

[Cricky]

On 11/4/2019 at 4:38 AM, parafareno said:

nirun i am not touching.....looks like a horror movie.....

You did say under 1M, what are you expecting?

 

 

[impulse]

7 minutes ago, Number 6 said:

Aside from rent vs own - what about living with such chavs and low budget prosti's in the vertical ghetto? Noise, crime, drugs.

 

At least no ABnB!!

 

As if spending a buttload of money guarantees you good neighbors and excellent living conditions...

 

 

[balo]

On 11/3/2019 at 10:47 PM, parafareno said:

only baan suan lalana alwaays the cheapest.....it is in weird location too

I rented at Baan Suan Lalana for 7000 baht/month.  Spacious rooms with balconies. But I would never buy there. Location is okay if you prefer Jomtien over Pattaya. For me it was a short bicycle ride to most areas. 

[parafareno]

4 minutes ago, balo said:

I rented at Baan Suan Lalana for 7000 baht/month.  Spacious rooms with balconies. But I would never buy there. Location is okay if you prefer Jomtien over Pattaya. For me it was a short bicycle ride to most areas. 

i wanted to buy a room there 7 years ago....it is just weird....closed compund....nowhere to park bike.....so weird.....far from shopping...

[balo]

6 minutes ago, parafareno said:

closed compund....nowhere to park bike.....so weird

I wouldn't call it weird at all, they built the complex around a nice tropical park and 2 swimming pools. It was nice to wake up in the morning and hear birds singing outside, you didn't feel you were living close to a city.  
But of course it's an old complex built in the 90's, but they do maintain it very well. Some of the rooms are worse than others, you just need to look around.
But buying was never an option.  

[RedPill]

On 11/3/2019 at 6:04 PM, parafareno said:

I did the biggest mistake where I passed a crazy offer 7 years ago for a 46 sq, m appartment for 750000..

If that's the biggest mistake you did ... missed an apartment in Pattaya for 750k

 

What about Google, Amazon, Microsoft, Apple etc. 7 years ago ... and look at the stock price today! ????

 

You could buy super condo's today in Patt's if you wanted, larger than 40sqm ????

 

[olfu]

Rent before you buy!

[emptypockets]

12 hours ago, GreenCurryorDie said:

 Haha, think Nana Hotel and the old guys who live there!

I make a point of staying at Nana for at least one night when I am in Bangkok (without the wife!). I really like the place, just walking outside makes me feel alive, Soi 4 is usually always buzzing. True, at breakfast you can see some sad sights.

[emptypockets]

33 minutes ago, emptypockets said:

I make a point of staying at Nana for at least one night when I am in Bangkok (without the wife!). I really like the place, just walking outside makes me feel alive, Soi 4 is usually always buzzing. True, at breakfast you can see some sad sights.

too late to edit my original post.

I make a point of staying at Nana for at least one night when I am in Bangkok (without the wife!). I've stayed in 4 and 5 star hotels as well and in my opinion the newly refurbished rooms at Nana are quite acceptable. I really like the place, just walking outside makes me feel alive, Soi 4 is usually always buzzing.  Really funny sharing the lift with some young or old bloke who is drunk as a skunk trying to tell his newly found teeraak where his room is when blind freddy can tell the she is a he ladyboy. True, at breakfast you can see some sad sights.

Put it on your bucket list.

[gamesgplayemail]

5 hours ago, balo said:

I rented at Baan Suan Lalana for 7000 baht/month.  Spacious rooms with balconies. But I would never buy there. Location is okay if you prefer Jomtien over Pattaya. For me it was a short bicycle ride to most areas. 

 

where is it located exactly ?

 

 

[RoadWarrior371]

17 hours ago, CH1961 said:

With a nice view there ????

 

 

Yeh, nice to have a bottle of wine at night when all you can hear is the waves crashing on the rocks and feel the ocean breeze.  ????

 

[jacko45k]

14 hours ago, gamesgplayemail said:

 

I totally agree. People who need more space cannot be very smart in my opinion. And it's not about money, I drive a 6MB car.

 

 

Now that is not very smart, in my opinion. But each to their own. A 6MB condo is likely to have a better return. 

[GreenCurryorDie]

11 hours ago, emptypockets said:

I make a point of staying at Nana for at least one night when I am in Bangkok (without the wife!). I really like the place, just walking outside makes me feel alive, Soi 4 is usually always buzzing. True, at breakfast you can see some sad sights.

Nana Hotel worthy of a thread of its own! Someone should write a book. I stayed there many times over late ‘90s - early 00s, when the bar was still there, and got to know a couple of the oldtimers who lived there. They stayed after the Vietnam war. I was told that Viagra killed most of them, as their hearts burst (in more ways than one!). Stayed another night in 2016 but that vibe was gone. B1500/night, all rooms smoking, front desk staff still there.

[fhickson]

21 hours ago, CH1961 said:

With a nice view there ????

 

looks great if you have food delivered and you never leave the building...(dont poop in the pool)