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"The Arrangement"


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Tully , your friend isn't the norm. I'm 60 been here 2 yrs with one girl. If I'm still with her in 10 and either croak it or move on then I would prob give her a modest condo say 3 mill.

This means there would still be several properties in AU for my 2 sons.

Despite a few hard luck stories of people that do what your friend is doing.....they are the minority.

I was successful and astute enough before, I'm not about to get pu##y struck.

Soul mate ? ....give me a break is the friend a dill.

Like previous member if my gf complains she can nick off.

Its my way or the high way and that does not treat her as a lady, respect her and take good care of her. But them dah rules..... You friend sadly is a fool.

have to agree that buying a house like tully's friend is a bit silly but I bought my girl a house. I have found to rent property expensive in Thailand in resect to what the property is worth. so I bought a house by getting a mortgage in my girls name and paying the deposit. the cost difference between what I would be paying to rent against mortgage payments worked out that after 3 years I would break even. that was 3 years ago so in theory it has cost me nothing. if I have any problems I am quite happy to leave as I believe never buy anything in Thailand that you can not walk away from

I have found to rent property expensive in Thailand in resect to what the property is worth.

You must be about the first person I have ever heard say this about property in Thailand, it must be one of the cheapest places for value for money.

Where were you renting in Thailand that made it so expensive?

what I would be paying to rent against mortgage payments worked out that after 3 years I would break even.

That sort of return sounds almost unbelivable.

Lets assume purchase price of 3 million, that would work out at 1 million baht per year rent or 80k baht per month.

I know of nowhere in Thailand with that sort of return, please let me know where this was?

Using your figures, the property was being rented for a monthly cost of 1/36 the of the properteys value, if you are lucky, you may get 1/100th, the usual is 1/200th.

For some older guys, they may never reach the point where the purchase will be cheaper than renting.

Plenty of houses available in Issan for about 5k per month.

Heck in Bkk its possible to rent houses for under 20k per month, the same houses sell for about 6 million baht.

I have seen single storey shophouses for rent in Rayong for 1,500 baht per month, Bkk townhouses for rent from 6-8 k per month, single storey houses from 10-12k per month.

Chan rent a house for 4k per month.

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Rgs is correct. Not going to give big explanation here but happy to explain if anyone is thinking if buying.

The figures just don't stack up. The ratio rent/buy in Thailand just makes it crazy.

Of course other non material factors ....

I'm purely referring to net profit. But this us away from op.

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Tully , your friend isn't the norm. I'm 60 been here 2 yrs with one girl. If I'm still with her in 10 and either croak it or move on then I would prob give her a modest condo say 3 mill.

This means there would still be several properties in AU for my 2 sons.

Despite a few hard luck stories of people that do what your friend is doing.....they are the minority.

I was successful and astute enough before, I'm not about to get pu##y struck.

Soul mate ? ....give me a break is the friend a dill.

Like previous member if my gf complains she can nick off.

Its my way or the high way and that does not treat her as a lady, respect her and take good care of her. But them dah rules..... You friend sadly is a fool.

have to agree that buying a house like tully's friend is a bit silly but I bought my girl a house. I have found to rent property expensive in Thailand in resect to what the property is worth. so I bought a house by getting a mortgage in my girls name and paying the deposit. the cost difference between what I would be paying to rent against mortgage payments worked out that after 3 years I would break even. that was 3 years ago so in theory it has cost me nothing. if I have any problems I am quite happy to leave as I believe never buy anything in Thailand that you can not walk away from

I have found to rent property expensive in Thailand in resect to what the property is worth.

You must be about the first person I have ever heard say this about property in Thailand, it must be one of the cheapest places for value for money.

Where were you renting in Thailand that made it so expensive?

what I would be paying to rent against mortgage payments worked out that after 3 years I would break even.

That sort of return sounds almost unbelivable.

Lets assume purchase price of 3 million, that would work out at 1 million baht per year rent or 80k baht per month.

I know of nowhere in Thailand with that sort of return, please let me know where this was?

Using your figures, the property was being rented for a monthly cost of 1/36 the of the properteys value, if you are lucky, you may get 1/100th, the usual is 1/200th.

For some older guys, they may never reach the point where the purchase will be cheaper than renting.

Plenty of houses available in Issan for about 5k per month.

Heck in Bkk its possible to rent houses for under 20k per month, the same houses sell for about 6 million baht.

I have seen single storey shophouses for rent in Rayong for 1,500 baht per month, Bkk townhouses for rent from 6-8 k per month, single storey houses from 10-12k per month.

Chan rent a house for 4k per month.

The house is 3 bedrooms 2 bth rooms lounge dinning room and kitchen area on a single level, Kitchen had not been fitted out when I bought it. The house is brick. Tiled roof and the area is 110 sqmtr. It is located 8km from khon kaen on a 750 sqmtr block. The cost was 850000 thb of which I payed 150000thb deposit. The mortgage payment is 5500 thb a month which is above the min required. I have rented houses in issan for 5000 thb a month, this one is twice the size and western styling, plus I am far enough away from the neigbours to not hear them fart. I used an expected rental of 10000 thb a month as I believe that is what it is worth. It was purchased thru the bank as they had foreclosed on it and there is no way I would buy a house for 3 million baht

By break even I mean I would recoup my deposit as I would be paying rent no matter where I was living

my estimate for rent - mortgage payments x 36 = deposit payed

10000 -5500 x 36 = 162000 thb

Ps 4 years ago banks were down by the head with properties and were very keen to lower there stock

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Well I will stack my credentials up against most.

Its just too long to explain in a forum. Also its not the OP.

Just one little thing to consider but there are so many.

For example the concept of "opportunity cost " ....many talk about ...oh I have 3million and if I buy couple of condos with say 50% equity .....then away they go with the simplistic rent per month vs loan repayments etc. Its rubbish.

First of all .... If that liquidity that they had went into say shares.....well then we can talk comparisons.

Not being a smart ass but my shares in cbus super went from 210k aud to 289kaud in last two years. My main investments are real estate in AU..... NOT the best option. Blue chip ones yes have better capital growth..... Why do I have them ??? Sort of stuck with them as I was in small residential subdivisions. Commercial stuff different story.

Oh by the way property investment is by far a better option in AU than Thailand. Anyway others will have different take on it.

By the way I may buy a condo here for the non intrinsic reasons will are prone to. Not the best investment but not a disaster either.

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Well I will stack my credentials up against most.

Its just too long to explain in a forum. Also its not the OP.

Just one little thing to consider but there are so many.

For example the concept of "opportunity cost " ....many talk about ...oh I have 3million and if I buy couple of condos with say 50% equity .....then away they go with the simplistic rent per month vs loan repayments etc. Its rubbish.

First of all .... If that liquidity that they had went into say shares.....well then we can talk comparisons.

Not being a smart ass but my shares in cbus super went from 210k aud to 289kaud in last two years. My main investments are real estate in AU..... NOT the best option. Blue chip ones yes have better capital growth..... Why do I have them ??? Sort of stuck with them as I was in small residential subdivisions. Commercial stuff different story.

Oh by the way property investment is by far a better option in AU than Thailand. Anyway others will have different take on it.

By the way I may buy a condo here for the non intrinsic reasons will are prone to. Not the best investment but not a disaster either.

In my years of living here, there are two things I have observed, if you cant afford to retire in farangland, you probably shouldnt be here.

If you have to off load assets in farangland to finance your stay here, you definitely shouldnt be here.

Keep the house back home, rent it out and use the income to rent a place here, its a plan A at least if it goes tits up here.

As for investing in Thailand, check out the SET over the last 15 years, now compare with property here, its a no brainer.

Check out the posts on here from cash strapped farangs that dont have the money to pay medical expenses, its all thaied up in property in someone elses name, W T F?

Mate you are preaching to the converted, but as usual they wont listen, they all believe, their girl is different.

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Tully , your friend isn't the norm. I'm 60 been here 2 yrs with one girl. If I'm still with her in 10 and either croak it or move on then I would prob give her a modest condo say 3 mill.

This means there would still be several properties in AU for my 2 sons.

Despite a few hard luck stories of people that do what your friend is doing.....they are the minority.

I was successful and astute enough before, I'm not about to get pu##y struck.

Soul mate ? ....give me a break is the friend a dill.

Like previous member if my gf complains she can nick off.

Its my way or the high way and that does not treat her as a lady, respect her and take good care of her. But them dah rules..... You friend sadly is a fool.

I don`t think it`s as rare as you think to be perfectly honest. Most of the old guys I`ve met in Issan living in these huge houses have funded it by selling their own back home. Basically their one and only valuable asset (usually 10+ million for UK expats) is transferred into the name of their new Thai wife and their kids at home are deprived of it. If you had the sense not to do it (easier when you have a portfolio of property to be fair) then good on you but i`m not so sure the majority are as canny.

You friend sadly is a fool.

Agreed.

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I find it funny how many people talk about losing their house to their Thai wives or girl friends, but how many out there have lost a house to your farang wife?

Underlines how they have learnt nothing. Its simple arithmetic...... Buy someone a home in their name does not equal equity divided by 2..... Rather equity minus equity equals zero. ....Some people are the lovers of the world....the trusting type. ...code for them at very best is gullible.

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