Jump to content

Mysterion

Members
  • Content count

    227
  • Joined

  • Last visited

Community Reputation

98 Excellent

About Mysterion

  • Rank
    Senior Member

Recent Profile Visitors

948 profile views
  1. Mysterion

    Phuket property glut?

    Thank you for the kind words! I do find myself wishing there was a mute button on TV that i could use on some folks here LOL!
  2. Mysterion

    Phuket property glut?

    Sounds very nice. I prefer it that way also. cheers :-)
  3. Mysterion

    Phuket property glut?

    Your credibility doesn't get any better as you refuse to admit your mistakes and actually try to double-down on them. We have all heard your claims ad nauseam(probably a dozen times across various threads) about being some sort of “successful” person prior to moving to Patong. Please save us from it. None of us will ever know if those claims are true or not, and they are irrelevant to the current discussion. What is relevant, is you trying to somehow pass off incorrect/mis-information about a citical aspect of Phuket property investing as correct. For goodness sakes Xylophone, nobody can force you to fess-up, but its your credibility on the line man! As a result, all your comments regarding phuket property are now tainted.
  4. Mysterion

    Phuket property glut?

    Its good to have reliable tenants. More the merrier as they say. I imagine there are indeed some landlords who also made poor decisions based on unrealistic yields that they projected. At the same time, as someone else here suggested, unless you knew all the owners, one could also imagine that some units may be kept empty all/most of the time for a variety of reasons.
  5. Mysterion

    Phuket property glut?

    Very good for both you and Phuket. It sounds like your landlord is lucky to have a good long term tenant.
  6. Mysterion

    Phuket property glut?

    Thaistocks logic is not “faulty” at all. He/she is simply reminding the readers that the FX dynamic can have a very significant +/- impact on the phuket property market. The Baht FX rate is moving all the time vs other currencies, and as a result there will always be foreign buyers/sellers of phuket property who could be big winners and big losers as a result of the FX movements alone.
  7. Mysterion

    Phuket property glut?

    Xylophone, You are digging an even deeper credibility hole for yourself every time you post erroneous and contradictory nonsense like what you wrote above. Your first post clearly claims that FX is not related to the state of Phuket proeprty market, and your second post says international investors should not even consider the impact of FX in their decision making process. I am appalled you would write what you did. You are really not helping anyone here with misinformation like that. It is an irrefutable fact that, FX risk/reward must be a considered when making any investment in a foreign currency. It is a vital component of a buy/sell/hold decision in phuket property. You may want to fess-up about your mistakes and/or focus on another topic that you better understand.
  8. Mysterion

    Phuket property glut?

    I agree. SET and baht have both been very strong. In regards to phuket property, the strenght/weakness of baht has been a major driver or various flows from around the world. As an example, in only the last 12 months USD based foreign buyers(usa, hong kong, uae etc) would have made almost 10% gains(on paper) from baht appreciation alone.
  9. Mysterion

    Phuket property glut?

    Dear squaready, There is not much reasoning to be had with some(you probably know who the three or four are) of the stubborn and/or uninformed folks here. Dont be surprised if you get attacked for no other reason than presenting an opposing perspective/facts. That being said, its good to know rational folks like yourself are following the mayhem! lol!!! cheers :-)
  10. Mysterion

    Phuket property glut?

    Agreed 100% This is fundamental to any international investment. How could anyone in their right mind deny that FX is a very significant factor for an international property market??? I encourage any foreign buyers looking at Phuket to please carefully consider your FX exposure prior to buying in Thailand or any another country.
  11. Mysterion

    Phuket property glut?

    This is a big problem, and for many uninformed folks it will lead to expectations not being met . IMHO, offplan prices are far too high. Resale prices are not cheap, but they are certainly more reasonable, and there may be some good buys for those prepared to do allot of research.
  12. Mysterion

    Phuket property glut?

    Lol! I thought i was the only one who noticed that. In all fairness to Xylophone and the two or three of his perma-bear crew , we gotta appreciate varying views on this topic. Whether we like those views or not, we may learn something from those who disagree with us. I say bring it on! At the end of the day, the facts will always win out. Cheers :-))
  13. Mysterion

    Phuket property glut?

    Agreed. There seems to be allot of “ignoring” of the positives by a few of the usual suspects on this thread, as they try to spin their web of negativity against the facts. They repeat, rinse, repeat etc the same anecdotes, without any facts to back them up, and thats actually very sad. Lets bring the focus back to the facts... - above average quality units, and above average quality locations are doing well. A positive indicator - offplan prices are at all times highs. A postiive indicator. - below average quality units, and below average quality locations are deservedly stagnant. It would be great if any of the perma-bears here could actually debate the facts as outlined above, but facts are the worst fear of the uninformed or those trying to mislead.
  14. Mysterion

    Phuket property glut?

    Welcome back Xylophone!! Meet the new Xylophone, same as the old Xylophone. Lol! Your views on property may be misguided, stubbornly and overtly negatively biased, and often contradictory, but there is always at least some value in varying perspectives if we dig deep enough. Thanks for not giving us the silent treatment anymore :))
  15. Mysterion

    Phuket property glut?

    +1 Exactly. You get it :))
×