Jump to content

Pattaya: Grim picture for future of resort as post pandemic optimism dries up


Recommended Posts

  • Replies 305
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

Most people with loans don't own anything for the banks to take. IMHO Banks are just as likely to fail as any other business. I really don't expect tourism to be profitable again in the near

If I was the Economics or Finance Minister of Thailand I would have trouble sleeping at night.   In my mind would be graphs of the rise in debt---corporate and household---over the last ten

Indentured servitude is on its way . You are most likely right that banks are going to fail but I’m sure there are some financial institutes that are going to prosper . I said it 6 months ago that the

Posted Images

5 hours ago, jacko45k said:

A bit harsh.....

It is all sad really.... but I share your lack of sympathy for the property owners who will not give businesses a break on exorbitant rents.

Do remember the property "owners" probably are loaded with debt to have been able to "buy" the property from the real owners and need to pay the debt.

But mostly I am sorry for the simple people earning a living in the branch and are now out of a job and money.

 

  • Like 2
Link to post
Share on other sites
2 minutes ago, hansnl said:

Do remember the property "owners" probably are loaded with debt to have been able to "buy" the property from the real owners and need to pay the debt.

But mostly I am sorry for the simple people earning a living in the branch and are now out of a job and money.

 

I don't believe that is the case.... large percentages of Pattaya land are owned by a smallish number of very wealthy. Think Legkee etc.

  • Like 1
Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    No registered users viewing this page.


×
×
  • Create New...