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kingofthemountain

Bars and pubs could open soon

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13 hours ago, spidermike007 said:

I would say that the Thais have a very, very strong natural immunity to Covid. The opposite of the Americans and Europeans. My guess is it has something to do with diet, sunshine, etc. But, the strong immunity is highly suggested by the low cases, despite huge exposure. 

There has been no clinical proof of this and people of similar genetic make-up in Malaysia and Indonesia have shown much higher infection numbers. I really don't think the policy of Thailand, which has been extremely successful, should be diverted based on 'your guess'.

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On 6/15/2020 at 6:18 AM, jacko45k said:

That might be true for the old Lengkee place but that isn't the one up for sale?

The lenkee one is long gone,what do,es that tell you?

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On 6/17/2020 at 2:37 PM, rhodie said:

Did you get any takers?

No.  Maybe if I put, "Selling due to ill health" I might get some offers.  🙂

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On 6/17/2020 at 3:25 PM, kingofthemountain said:

Yes you are right

this advertisement is the perfect example of how the landlords are

totaly disconnected from the reality on the ground.

 

The conditions for the rent are just crazy, even in a good period

how can someone have a return on investisment on this?

 

3,5 millions bahts for the key money and 100 000 deposit

when the poor japanese guy, who was the previous tenant, has just left

and no return, leaving all this money behind him but in the hands of the landlord

 

Rinse and repeat, the eternal Pattaya mantra

There will be "rinse" but no "repeat" for a long time, especially at those prices. 

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On 6/17/2020 at 3:34 PM, kingofthemountain said:

Yes the famous scissor effect

 

in the last 10 years, most of the prices for the

daily cost of life in Thailand has increased by 50 % and the exchange rate

from most on the western currencies against the baht has been a lost

around 50 others %, so it's a global loss of 100% of their puchasing power 

 

They are broke

At least most of the ones still here, the less wealthy have already 

been gone for a long time

The thing is, as the current generation of expats come to pass, they currently are not / will not be replaced.  

 

Interesting times ahead for hospitality establishments catering for western expats, and the local property market.   

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5 minutes ago, Leaver said:

The thing is, as the current generation of expats come to pass, they currently are not / will not be replaced.  

 

Interesting times ahead for hospitality establishments catering for western expats, and the local property market.   

Actually that's a very good analogy.. hadn't thought about that.

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On 6/17/2020 at 5:17 PM, JensenZ said:

I specifically used the words "maybe" and "some" in relation to the possibility of gogo bars opening up in the LK Metro/Soi Buakhao area.

 

What landlords advertise as the rent is irrelevant. That can and will change according to supply and demand.

 

Whatever the rent payments will be in LK Metro are definitely a lot lower than Walking Street rents, in the past and in the future.

 

FYI, 300k is a typical rent payment for small shops in Central Mall. 250K rental is no surprise or shocking.

 

There will be incentive for some bar owners with deep pockets to reopen because the market will be less competitive for any that do manage to stay afloat. 

There's a big difference between opening up, and remaining open. 

 

Even owners with deep pockets, and who are already substantially committed financially, would balk at at high rents and at least 12 months of loses, just to try to see off the competition.  

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On 6/17/2020 at 9:56 PM, JensenZ said:

Anyone on a fixed income would be in trouble no matter where they lived because obviously their income will depreciate by the cost of inflation. Did they come to Thailand thinking that the cost of living will remain the same, forever?

No, I am sure they came to Thailand thinking they had enough of a buffer to get see them through to their end, and in the past, it did.

 

Now, the cost of living in Thailand has surpassed the buffer of many retirees, and there's nothing any business here can do about it. 

 

There's no money to be made from the majority of expat retirees anymore. 

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Posted (edited)

 

       Lady bars ,  and bar lady , sexpats..

        History ...

Edited by elliss
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12 hours ago, Leaver said:

There's a big difference between opening up, and remaining open. 

 

Even owners with deep pockets, and who are already substantially committed financially, would balk at at high rents and at least 12 months of loses, just to try to see off the competition.  

As I already said, it depends on the deals these bars can make with their landlords. Obviously if rent was/is zero over the close down period, followed by a period of reduced rent, the prospect of re-opening increases. It's in the hands of the landlords. The landlords don't have much to lose by working with these businesses, as without them, their prospect of rental income is zero in the foreseeable future.

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