I don't think the laws of supply and demand apply to the Thai real estate market, especially insofar as condos are concerned.Originally Posted by Thinkingofachange
Not in agreement? How dare you!
Thailand's condo market has defied the world-wide real estate recession. Something's fishy about it.
...well, there's a huge number of speculators in the local market: we bought our condo from an American living in Singapore who bought it originally off plan...there's also large overseas demand (judging from the population of our building) that includes folks from Singapore, Hong Kong, and Malaysia (Chinese)...I suspect that the attractive and fashionable young ladies living in the less desirable studios (no river view, lower floors) may be Chula-uniformed mia nois...even so, the real dirt about the local real estate market will be buried under layers of swampy politicians...
...majestically enthroned amid the vulgar herd...
You are spot on with this. I believe that square footage is purchased by speculators who then resell, and that these original purchasers are not likely to accept a loss on their investment. In the US, condos are the last to appreciate in value in an improving real estate market but the first to depreciate in a down-turned market. I understand you are happy in your digs as you are retired. I've spoken with other farang investors in the Bkk condo market and they have not been pleased with their condo purchases.
I bet TC lives at the Address
Wherever he lives, he does so majestically.
...it is more accurate to say I live at an address...
...It was you with the binoculars on that passing rice barge...
Nope, it was a 5" Celestron telescope. It's easier to attach a camera to the telescope. You really should close your drapes sometimes tc.
...why? I've been losing weight...
The Address is a nice building. Personally, I like the Ideo properties.
I bet TC lives at Condo Pathumwan Resort.
I just felt the kimono a bit gauche ... but up to you.
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