Quote:
Originally Posted by RobbieV
Are you trying to argue that you should never buy a house, because it's cheaper to rent?
No, but buying a house that you own freehold is much different than buying a condo with a 30-year lease.
In any case, the major advantage of buying is the tax incentive (e.g. if you put the capital into equities you would have to pay tax on the income, whereas you don't pay tax on the rent you don't pay.) and capital appreciation, neither of which apply in Thailand since a
we don't pay tax here and b) you aren't going to see any appreciation on a leasehold.
Additional to that buying a house to live in doesn't make a lot of sense for people who like to travel. Far better to rent if there is any chance at all that you plan to spend a few months living elsewhere in the next few years.
Not to mention most people here seem to like having things done for them rather than doing themselves (cooks, PAs etc). If you are inclined that way then buying your own place makes very little sense, since all the things your landlord used to take care of that you never even imagined are now your responsibility.
On top of all that there is the chance that everything in Thailand goes to **** once you-know-who dies, the country falls into civil war and the new military government makes it illegal for farangs to own anthing. Given that the property market in Bangkok is pretty depressed and the chances of you making any serious profit are low, I don't see why anyone would take that risk.
Last edited by PokerSpiv; 06-29-2011 at 04:56 AM.