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Thread: Thai Property: From boom to bust

  1. #16
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    Re: Thai Property: From boom to bust

    Paul has got to be dick. Why would anybody search 2 months back for a post on their third post?
    Too long in Exile, too long not singing my song.
    Too long like a rolling stone, Too long in exile
    Too long in Exile, baby you just arent my friend.
    Too long in Exile my friend, Baby you can never go home again.

  2. #17
    Hangin' Around Array Cyrille's Avatar
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    Re: Thai Property: From boom to bust

    ^ Blimey, you mean the whole world doesn't revolve around the US dollar?

  3. #18
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    Re: Thai Property: From boom to bust

    Quote Originally Posted by dickeeier
    That's a fact not fiction.
    The property value on the south Andaman islands I know of are going through the roof. It's a bit reason why Koh Yao Noi will soon share the same demise as many of the other islands in Thailand.

  4. #19
    HMS Kingfisher .... Array Jonah!'s Avatar
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    Re: Thai Property: From boom to bust

    Quote Originally Posted by Jellybean
    Ermmm.......................there are other currencies in the world you know.

    The British Squid is ok.

    I received an e-mail the other day from a friend who claimed their is a serious economy problem in thailand at the moment. She's Thai and a business lady so it's a good source of information. When i departed for South Korea I thought there was a problem with a small influx of tourists coming through, not spending money. i knew this after spending a lot of time in the notorious Kousan Road for a few weeks whilst travelling in and out of Thailand. One day there would lot's of strange Hi-so tousrists with posh bags and the next there was nothing. is this how thailand deal with tourism? i'm very interested in learning about the thailand uncovered advertising campaign because if i uncover anymore it'll be like living in hell.

    Joking apart it seems like that everywhere at the moment.

  5. #20
    Senior Member Array Jellybean's Avatar
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    Re: Thai Property: From boom to bust

    Quote Originally Posted by josh_ingu
    the banks don't foreclose
    Well, they do sometimes. A Thai woman that I work with has a brother in a bank and when one of my colleagues was looking to buy a house, this brother took him around heaps of houses and condos that the bank had foreclosed on.

    You could also view them online.

  6. #21
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    Re: Thai Property: From boom to bust

    Josh, You can walk into any bank in Thailand and look at their books of foreclosed homes. My first one I bought at a bank auction. Many, many foreclosed properties here.

  7. #22
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    Re: Thai Property: From boom to bust

    You are so right in that it was not enforced at all before the 97 crash, but after that the banks have to try at least to lend and enforce the lending laws to international standards. I have seen a couple cars being towed off as well.

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    Re: Thai Property: From boom to bust

    greened ya for that one Josh!!

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    Re: Thai Property: From boom to bust

    Nah I have only made the mistake of giving green and not red.

    Not big on reds, only given three in my time on here. And those were for personal attacks. Better to just move on.

  10. #25
    heaven or hell? Array Hamster's Avatar
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    Re: Thai Property: From boom to bust

    so what's with the prices on foreclosed properties? retail market or reduced?
    ...you get what you need.
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    Re: Thai Property: From boom to bust

    I am hoping that the market does downturn a bit in the next couple of years. If I continue to work in the middle east (but surely not at this g**d*** university) then in a couple of years I'll have some serious money to buy some land and build the house we want.

    I think here in Hat Yai we have a unique situation. The town is dying because of fear generated by attacks by insurgents in neighboring provinces and a few attacks here, as well. What used to be a boppin' vibrant little city is a ghost town most evenings now.

    Let me know, guys, when you think it's bottomed out.

  12. #27
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    Re: Thai Property: From boom to bust

    Quote Originally Posted by zehner
    how many blind beggars own a condo?
    Or, how many blind beggars does it take to own a condo?

    Coups have a way of changing national images, don't they. NEVER would I invest in the Third World. As if I had the dosh to get to BKK on a bus and munch on an apple.
    -----
    Quote Originally Posted by MisterStretch

    I think here in Hat Yai we have a unique situation. The town is dying because of fear generated by attacks by insurgents in neighboring provinces and a few attacks here, as well. What used to be a boppin' vibrant little city is a ghost town most evenings now.

    Let me know, guys, when you think it's bottomed out.
    Last time I did the Hat I saw just about nobody who didn't live there. The street sales people were crankier than fcuk. What up with that? You'd think they'd be following me to the shitter .. just in case I hadn't enough toilet paper.
    Last edited by jonny danger; 28th August 2007 at 22:33. Reason: Automerged Doublepost

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