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ldnguy

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About ldnguy

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  1. How about USA? Wherever you go the NSA will be spying on you, so you can't really run away from that.
  2. How will it affect your business? I guess anyone doing dodgy stuff must be the most worried. Not everyone is doing 'dodgy' stuff. But I can see how your 'Thai mindset' would want to make yourself 'appear' better than a lowly farang. You see, many of us don't like your culture. It's not that we came here hating Thailand, it's the racist and xenophobic nature of the Thai populous that has created the disdain. A single gateway would be the camel's straw. I know not everyone is doing dodgy stuff. I said those that do are the most worried. By the way I'm not Thai. If you don't like Thailand then why haven't you left? I mean this as a genuine question. Before moving here I lived in Spain for a year. I didn't really like it so I left. I didn't make a song and dance out it, but just moved on. Life's too short to stay somewhere you don't like. I'm just baffled by why so many stay in a place they claim not to like. Surely you'd be happier moving to a country you liked.
  3. Not sue what you mean by "these current conditions", but exchange rate is good right now and there are some properties I've seen that are available at good prices. Like you I think I'll jump in if GBP gets to anywhere near 60. It was 46 when I first came to Thailand, so a 15 million house now costs £273K instead of £326K. So that's down £53K. Seems like quite a bargain to me. Of course, prices could go a little low, but wit the GBP so strong I think the risk is very limited. In any case, it would be a home not an investment so wouldn't really matter if prices dropped. Go for it, if it something you really want, as long as it's not a high proportion of your total wealth. Current conditions - rentals very cheap harder to justify buying, plus there is so much crap going on in this country at the moment. If you really want go for it, underbid, don't be afraid to walk away..everything in your favour..Thai property can be one of the most illiquid assets out there and as said on other threads the company route may leave you open to some risk I for one would never use it, but each to his own. Of course you already know all the short comings of buying a landed property. Just know all the facts and make an intelligent guess. 60 doubtful but if things carry one the same, interest rates rise early next year who knows. In my eyes 60 is a " gift" that won't last too long. Good luck, if it goes " tits" up later. You can write about it on here and get loads of sympathy ! Is it a Villa? It would be in Bangkok so might be a townhouse or possibly a detached house, which I'd prefer. Depends what comes up. Townhouses I've seen would be easy to rent out if renovated due to the areas I'd buy in. Not much downside risk that I can see. But life is a risk. I wouldn't buy via company, so would put in wife's name. I know some will ask what happens if she leaves me, well I guess she'll get the house. I wouldn't want that to happen but that's life. After all, it's only money.
  4. Most of the Thais I know, have a house worth 500k, sitting on a bit of land worth 1M (tops). It costs the same as a new car to build a new house on the old land. 15M ...... you gotta be joking. Come to Bangkok and you'll see plenty. But the same principle still applies. For someone that can only afford a 500K house, how can they abandon it and buy a new one every time they want to move. The whole thing myth about Thais not buying non-new houses is just ridiculous. Most Thais buy non-new houses, not new ones.
  5. Easy to get around it, so what's the problem? In any case, this is my home so why would I move elsewhere? If this was introduced in the USA do you think 350 million people would leave? For 99.99% of people it's not an issue at all. Not everyone builds their life around the internet and needs access to all of the few billion pages out there. Surely you can live without a handful of the millions of site out there. While I don't like the idea of blocking sites, why should I give up a good life for the sake of a few websites? To leave your home over this seems like a huge over-reaction to me. This is just one small thing in life. Surely there's more to life than the internet. Some of you make fun of Thais only using facebook, etc, but many on here are even worse. You want to give up your home because you may not have access to a few sites. Maybe many of you don't even realise how much western governments hide from you? You don't have access to that information either. It's blocked!
  6. How will it affect your business? I guess anyone doing dodgy stuff must be the most worried.
  7. ldnguy

    Advice on Buying a Kindle.

    My Kindle is a few years old and the battery doesn't last anywhere as long as it used to. So beware of that if buying a secondhand Kindle. It's still ok, as I only re-charge every few days, but when new I only had to re-charge once a month or so,
  8. Not sue what you mean by "these current conditions", but exchange rate is good right now and there are some properties I've seen that are available at good prices. Like you I think I'll jump in if GBP gets to anywhere near 60. It was 46 when I first came to Thailand, so a 15 million house now costs £273K instead of £326K. So that's down £53K. Seems like quite a bargain to me. Of course, prices could go a little low, but wit the GBP so strong I think the risk is very limited. In any case, it would be a home not an investment so wouldn't really matter if prices dropped.
  9. It depends on which socio-economic section you are referring to. Thais don't buy older houses by choice, but because they can't afford new ones. Having seen a number of houses and condos under construction, I'm not surprised they'd prefer new. Some of them are put together with toad shit and sealing wax, designed to fall apart in about 15 years. Excuse me for being cynical. However, I see a number of claims on Thai Visa that so-and-so is profiting very well from the Thai stock market, or dealing in real estate, etc.etc. Short of seeing audited financial statements from these gentlemen, there is no way of knowing whether what they say is true, or if they are just bullshit artists. But hey, what do I know? I'm just a stupid falang who keeps his money in his pocket and rents. Well, there aren't many people in the whole world that can afford to buy a new house every time they move. There must be about 30 million houses in Thailand. They can't just be abandoned or knocked down every time someone wants to move. Do you think someone's going to by a 15 million house then if they need to over in a few year jut abandon it (because of the claim no-one will but because it's old) and then just fork out another 15 million for the next house. The people on here that think Thais do that are completely bonkers. Thai people do not abandoned old houses at all. They buy and sell them just like we do in the West. And yes, they do sell if priced correctly. The is quite a market, especially among younger Thais, to buy and renovate townhouses. Not because they can't afford new, but because they like the townhouses and want to retain some of the better older buildings. It's the same in most of the world. I've seen plenty of people buying older houses because of the location not because they can't afford new. In central Bangkok, for example, there isn't much space to build new houses.
  10. Yes, they certainly do. It's called Thai price and falang price. I suspect any Thai who sold property to a falang at the Thai price would be scorned by his/her peers as a poor business person. The other factor is whether the property is new or old. Thais won't buy an old house, at the very least it has to be fully renovated. The price goes way down for an old property; however, falangs think they are getting a good deal at double the market. I live in a condo where the falang price for a studio apartment ranges from 1.5 to 2 million baht. No Thai would pay more than 1 million. I do not know where you are ,but over the years my wife has sold to Thai and Falang , there are only two times when priced are higher and this goes for anybody , when the seller is an idiot and wants far to much and if the condo is in a foreign name , and then it is often a little higher , 99% of the foreigners she sells to are well clued up and will only pay the going price , anyone who pays 1.5 to 2 million for a condo worth 1 million is an idiot ,unfortunatly there are very very few of those buying lol or she would be laughing I agree. If this was the case I'd get my gf to buy for 1 million and sell for 1.5 million. She could buy one every day. But it's not true. Bazza40 - if you think it's true, do as I suggest. I'll give you a 10% cut. You should be rich if you know exactly where this is happening. So I suspect you're misinformed or possibly just making it up. If only it was that easy to make 0.5 to 1 million.
  11. Yes, they certainly do. It's called Thai price and falang price. I suspect any Thai who sold property to a falang at the Thai price would be scorned by his/her peers as a poor business person. The other factor is whether the property is new or old. Thais won't buy an old house, at the very least it has to be fully renovated. The price goes way down for an old property; however, falangs think they are getting a good deal at double the market. I live in a condo where the falang price for a studio apartment ranges from 1.5 to 2 million baht. No Thai would pay more than 1 million. Lots of Thais buy older houses and they live in them without renovating. It's a myth that Thais don't buy older houses. I suppose there' nt much you can do about foreigners that overpay. Their choice.
  12. Assuming you live another 25 years. Assuming you don't get too old/infirm/senile, and have to return to your home country for long term health care. Assuming you don't get deported and black listed. Assuming you have 800kbht in the bank to get a VISA. I dunno, but some people might think buying in a country where you have no right to live might be somehow foolish. If anyone who buys doesn't live for 25 years it will be completely irrelevant to them because they'll be dead. They will most likely have a will, so that side of things would be taken care of. No reason for them to get deported or blacklisted. I assume they have the 800K sorted as well otherwise they wouldn't buy in the first place. But if they don't have the 800K they'd have the same problem if they rented. It's not for you though, so I'd advise you stay away. Far too dangerous for someone like you to be in Thailand. Best that you sit at home and keep worrying while the rest of us enjoy our lives. You seem to be a very shallow thinker, If you aren't going to last 25 years, leaving your money for someone else to spend is a bit of a waste. There is a civil war coming,I can see them chucking all foreigners out, not to mention VISA rules change, police plant drugs, you can break minor laws, annoy the wrong person, etc. You'd be surprised how many Thai wives convince their husbands to spend that 800k they have in the bank, can't have it in the bank and buy a house with it.. My wife has a very nice house,I'm happy to repay the home loan for her (while I'm living in it), it's a little bit like rent. But I guess too many foreigners marry girls who have no credit. You're worrying about things that will likely never happen. No point in doing that. I'm not sure what 800K you're talking about, but if you mean the money for retirement visa purposes, I also spend mine every year. Not because I have a wife that tells me to but because I can't live on nothing. Before my renewal I replace it. I don't see what's wrong with that. Glad to hear that your wife has a nice house. But if you think of paying the mortgage as paying rent to your wife it doesn't sound like a great marriage. It's certainly not the sort of marriage I'd want. I agree that many foreigners marry women with no credit, but that's up to them. I don't really care what others do.
  13. And what if you pay good money to renovate and then the owner doesn't renew your contract? Anyway, I doubt very much that any owner I've rented from so far would let me rip everything out and renovate to my design, even if I was paying. It obviously suits you, so that's great. Renting has also suited me for a good few years, but now I feel it's time to buy. But most likely a house not a condo. House that are priced right and in good areas sell quite quickly. One sold don the road last year the same day it went up for sale. Another overpriced one on the same street hasn't sold in about 2 years. Being overpriced is usually the only reason property doesn't sell. People say they can't sell, but what they really mean is they can't sell at the price they want. Everything sells at the right price. But farangs in particular seem to overpay for property here. Locals seem to understand the pricing much better.
  14. That's a good point that's usually overlooked, but it can also work in reverse. You could have invested $120K and then it could be worth $60 a few years later. Then you'd wish you'd bought the condo. And if you're investing in USA there are also currency fluctuations to think about. For me, buying is about having a place I want to live and call my own. Also somewhere I can renovate to exactly fit my needs. For a home I really don't care if I could have made more elsewhere because I don't see it as an investment. If I chose to invest it and did indeed make more money, I'd have to rent in the meantime and not be so happy. I would rather own my own place and be happy than make more money. In your example, don't also forget to take into account that renting from 2008 to 2015 might have cost you around $50K (20,000 baht per month for 7 years). So then you're almost back to square one. I wouldn't advise getting a Thai loan, as they are quite expensive from what I've seen. I'd prefer to pay cash.
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