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Stueyb
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I understand that being a farang its a bit tricky to buy land in LOS but is the same true for condos and apartments ? As the housing market is cooling off in UK I was wondering if it would be a good idea to invest in a couple of apartments in BKK, live in one and rent out the other. As BKK seems to be booming would this be a good long term prosect ? I've no idea about the housing market in LOS so any advice welcome.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 3:26 pm on June 1, 2005
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Oaktoad
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u can buy condos with little problem, but being a landlord.. not such a good idea..
right now, the condo market is on a strong upswing.. prices are much higher than they were.. no real bargains right now..
if you plan to live there, then buying one for yourself, not a bad idea as long as you do your research and shop around...
having a rental, more problems than it is worth.
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 5:55 pm on June 1, 2005
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Stueyb
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Thanks Oaktoad, are you talking from experience yourself ? Being a home owner I always whince at the thought of paying rent when I could buy outright or pay a mortgage instead.
Just out of interest, what is a rough ballpark figure of a decent 2-3 bed apartment in a good downtown location ?
Stuey
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Thai Girls : Meet Sexy Thai Girls
Posted on: 8:30 am on June 2, 2005
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UKYorkie
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From what I read and can see with the ammount of apartments that are being proposed or all ready been built arround the Suk. I would guess soon its going to be a buyers market, I just cant see were they are going to get all the buyers from as they are def not designed for your average Thai worker.
I am same as you have cash to buy but I am going to be waiting a year or so to see where the market goes, I know of a few other falangs that are doing exactly the same.
I just pray (against hope I know) that the forcasted over supply of condos, gives washington square a few more months in business 
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 9:00 am on June 2, 2005
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Oaktoad
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Yes, I do speak from experience...
I own a two bedroom.. and my g/f owns a one bedroom that she rents out..
owing is fine, but prices are high now and there could be a correction coming, but one never knows about this..
if you can afford what you buy and plan to live there for a long time, then buying is a decent idea, but rents in Bkk are pretty reasonable and they don't seem to raise rental prices much if you stay where you are...
How much.. no less than B3M.. and then up from there... prices have gone up a lot.. when we bought we paid B35K per metre.. now B60+ is common in the better areas..
You might consider buying out a bit and spending the extra money on taxi's or a car for yourself.. try to stay near the BTS or MRT.. makes a huge difference in getting around..
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Thai Women : Meet Matured Thai Women
Posted on: 9:20 am on June 2, 2005
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Baskoy
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I don't know about a buyers market.I've just bought one in a Condo currently being built on Soi 24 and the price to buy the same one as mine has gone up 1/2 a mill.
To buy a 2 bedroom aprtment in the block I will be in will cost you about 8-9million.
You can get cheaper but for a new one or one that has been well maintained in a nice block and nice area you are talking around that mark.
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 9:23 am on June 2, 2005
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dotcom
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My experience is a family member. They bought a 2 story 2 Br 1 1/2 bath townhouse in the 30 story RST - Regent Srinakarin Tower at the junction ot Pattakarn & Srinakarin. Far from downtown yes. Close to new airport - yes. Anyhow they paid 21,100 baht per square meter.
One scam you need to be aware of, Thai's consider balconies as part of the quoted living area.
In condos & townhouses price per meter is the only uniform yardstick to use.
In the example above the unit was owned by a couple from Hong Kong & they left a new fridge, large TV & some rosewood furniture & beds in the unit. I guess one could pay 80,000 down on Silom if one wished to.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 10:02 am on June 2, 2005
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UKYorkie
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Baskoy
I was not saying its a buyers market at the moment, is just a guess that in maybe a year or so it will be, simply due to the number of condos are are due to be finished next year, allready read some were about some projects been put back because the advance sales have not been as expected.
Its like anything else lifes a gamble............
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Thai Girls : Meet Active Thai Girls
Posted on: 11:15 am on June 2, 2005
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DaffyDuck
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Quote: from Baskoy on 9:35 pm on June 2, 2005
I don't know about a buyers market.I've just bought one in a Condo currently being built on Soi 24 and the price to buy the same one as mine has gone up 1/2 a mill.
He's got a point - once a lot of the additional living space goes online, and there are too few takers, prices can/will drop.
You are quoting what is happening *right now*, which is pretty normal -- obviously they are trying to fill the units now, and at their best prices (for them, that is) - and, really, once they are sold, it matters little to the real estate guys if the market goes down.
There is the alternate factor of the new airport opening up, which could could bring about higher traffic of people needing living space (or so the market is hoping).
I think what's going to happen is something similar to what's going on in Miami right now - WAY too many condominiums are being built, bringing way too many units online, with way too few people buying them -- prices are poised to drop and fall precipitously.
I'm waiting and seeing for another 5-6 months before makking a move in that BKK/Thai market.
DvQ!
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Thai Women : Meet Matured Thai Women
Posted on: 11:18 am on June 2, 2005
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Stueyb
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Thanks for all the info guys. I'll definately try to keep an eye on it. I'm hoping to sell my UK apartment as I've got a fair amount of equity tied up in it now, but am quite interested to head back out to LoS at some point.
Does owning your home in Thailand effect your visa/residency status at all ?
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 11:27 am on June 2, 2005
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