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Thai's have no idea how to sell a property

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1 minute ago, ThomasThBKK said:

Yeah there's no transparency here, but i can tell you that no thai will pay these insane valuations.

In the US and europe you have websites like Zillow that show you exactly how much the houses in the same area are going for - here everything is made up, thais don't get that their stuff is only worth what people are willing to pay, they are living in la la land....

We know a thai Dr who did pay over the market price for a double size building. He was desperate to open a clinic of his own. He paid huge money despite there significant parking issues in that street.  I think he is from a very wealthy family and didnt care so much about the price....

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Something being only worth what another is willing to pay seems to go over their heads

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There is no motivation to sell as tax is minimal or nothing (although they are trying to address that but it will likely take a long time) and the land will always have value and likely increase with time so nothing is likely to be sold at a loss - just passed on to family as if an investment.   

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26 minutes ago, baansgr said:

Is anyone buying real estate anymore....my last visit to the land office earlier in the year was surprised how empty it was compared to previous years.....of course downstairs where they do the loan attachments to properties was chock a block....about says it all.

Buying property to rent out,is not feasible anymore IMHO,cost of property

too high,rents too low,finding long time reliable tenants,very difficult,in my

area at least,the good times are long gone,I remember one time  4 prospective tenants

at a property i had for rent,told them first one that returns with the deposit

gets it,luckily for me,the one that got it was  very good tenant and stayed for

8 years ,just about paid for the house.

regards worgeordie

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