Quote:
Originally Posted by PeoplesElbow
problem with buying condos today in BKK is one that they are over inflated due to all the falangs/jap/korean and china men living here. In my first two places I lived, alot of thai people lived there were monthly rates were 6k and 6.5k. I now paying 10k, I dont think I see a single thai person here. Of couse there are expections to prove this rule, but just saying most Thai cant afford them. 98%>
so in the cost of everything else in thailand such as food/clothes and wages, condos are way to expensive. They are building condos faster then a theme park on roller coaster tycoon in bangkok, Im not an architecture, but ive played lego, and let me tell you, these news buildings are going to be in horrible shape in 50-100 years. Surviving a earthquake, not even once.
No earthquakes and no harsh weather aside from rain, so the only bad thing that's going to happen is the paint wearing down imo.
Seconding most condos being way overpriced though and due to the good weather conditions they can get away with paper thin walls and the like to save on cement.
There are good deals to be had in local areas, but I don't know if they even have any falang quotas there.
Owner associations are also a bitch to deal with and there are usually people trying to take put in management companies in place that do very little and charge way too much.
You'll also never know if the thai government won't simply disown you in the future.
I never get why so many people are quick into jumping into locking up all their cash into illiquid assets in a market they don't know too well and in a country where they most likely won't live long term anyway.