I'm not sure which is a worse idea: Deciding to build yet more over-priced condominiums and houses in the over-saturated Pattaya real estate market, or deciding to
open a real estate company in order to try and sell the thousands of over-priced condominiums and houses in the over-saturated Pattaya real estate market that have already been built. People with more money than sense...
yada yada yada.
Gay Thai guys have a pretty easy time of things in Thailand. Just as long as when they are 30 years old, they get married and have a family, and keep the gay thing on the down-low (which is what they usually do), nobody complains. However, nobody in Thailand likes lesbians... as illustrated by one lesbian's older sister, who
sliced up her own arm to demonstrate her displeasure at her sister's sexuality.
It seems whenever a Russian walks into one of Pattaya's malls, bad things happen. You never hear much about them getting in bar fights, having a bad time with GoGo girls, or getting robbed by kathoeys... but as soon as they get close to a shopping center, it all goes wrong for them. So here is today's entry: Russian guy
flips up saleslady's skirt with back scratcher. Jailarity ensues.
I'm not sure which is a worse idea: Deciding to build yet more over-priced condominiums and houses in the over-saturated Pattaya real estate market, or deciding to open a real estate company in order to try and sell the thousands of over-priced condominiums and houses in the over-saturated Pattaya real estate market that have already been built. People with more money than sense... yada yada yada.
Gay Thai guys have a pretty easy time of things in Thailand. Just as long as when they are 30 years old, they get married and have a family, and keep the gay thing on the down-low (which is what they usually do), nobody complains. However, nobody in Thailand likes lesbians... as illustrated by one lesbian's older sister, who sliced up her own arm to demonstrate her displeasure at her sister's sexuality.
It seems whenever a Russian walks into one of Pattaya's malls, bad things happen. You never hear much about them getting in bar fights, having a bad time with GoGo girls, or getting robbed by kathoeys... but as soon as they get close to a shopping center, it all goes wrong for them. So here is today's entry: Russian guy flips up saleslady's skirt with back scratcher. Jailarity ensues.
9 comments:
Still on about the housing in Pattaya because you're too broke to buy anything ?
It is slobs like you that keep a steady stream of income for landlords like me.
Thanks......
Well, you're probably right... and that rent money you get from people like me might just about cover all the money you are going to lose when you try to sell your house, assuming you can ever sell it at all.
Me? I can pick up and leave whenever I want to. You, my friend, are stuck here in Pattaya with that dead weight (or weights? how many houses do you own?) around your neck.
Oh... and when the electricity, water, windows, roof, and sewer in the p.o.s. Thai-constructed houses that people like you own — and people like me rent — goes bad, it's people like you who get stuck with the bill... and dealing with the inept Thai people that come to fix it... not me.
The smart people I know are leaving their 10 million baht in the bank, and using the interest they earn on it to pay people like you to risk your money and sanity on the house they get to live in.
Yeah... you can keep your house and take my rent money. It's a good deal the way I see it. I could have bought a house here... not too broke... I just recognize a good deal when I see it, and renting... not buying... a house here is the better deal no matter how I look at it.
Oh... and you probably won't be so smug about your income when people like me pick up and move to the Philippines and leave you with that nice house you are so proud of sitting empty for 4 or 5 months or more at a time while you run around trying to find another slob like me to give you money.
Overall, it sounds like a crummy way to make a living to me... but then I'm sure you're content with my 20,000 baht per month, or whatever pittance you earn from your properties in exchange for all of the B.S. that goes into owning a home in Thailand.
Nope , it is owners who make the money always have and always will. You pay me to sit and watch my asset grow and grow over the years.
Like any investment there will always be corrections - you just need the cash to be able to ride them out.
It takes money to earn money, but then you're some sort of typist correct?
Small minded people like you will always pay us and we appreciate that.
Thanks.....
Yes... people like me pay you to take the risks, and deal with the headaches. It's parity.
Pattaya is over-developed, over-priced, and people seem to think the answer to the houses and condos that won't sell here is to build more houses and condos.
Your asset may grow... but a property is not an asset unless you can sell it, and the only properties that are selling right now in Pattaya are new ones that have never been lived in.
It's virtually impossible to sell a used house or condo in Pattaya for a profit right now, and as long as they keep building new houses and condos, it's going to stay that way, according to the Real Estate people I've talked to.
But in 10 or 20 years... and assuming that Thailand, and the world economy, and the Pattaya real estate market remains nice and stable in the meantime... I'm sure you and your asset will do fine.
p.s. I earn more per hour than some of the doctors I type for... but please don't tell them.
Oh and by the way: I'll bet that you had to bust your ass for 20 or 25 years at some job back in Farangland in order to afford those houses that you have, and had to scrimp and save before you could pick up and come here to the Land of Smiles. What were you doing when you were 33?
Me? I moved to Thailand when I was 33 years old, and I'm pulling down a quarter million baht per month before taxes. I don't need a house right now, and don't want a house right now.
Knock on wood, but I've got another 30 to 40 years to buy a house. No hurry. And in the meantime, life is good... and rent is really cheap... because of nice guys like you.
So back atcha buddy... thanks.
I was involved in real estate back home.
I made a small fortune doing that and then semi retired here 7 years around the same age as you did.
Hung on to some properties that currently pay me around $10,000 per month- I do very little for this money except a few emails every now and then to my management company - not that much typing :-)
If you at 33 bought a unit say in the Markland condo when they were around a million baht each ( I bought 3) then lived there until now , you could have sold it for a nice profit and saved all the money you have spent on rent. Labor is very very cheap here so fixing things is not a big issue.
I sold the one I lived in and continue to rent the other 2 for 18,000 per month. Could sell them very easily for around 2 or 2.5 million just to beat the market price, but they pay me every month and this money is all tax free from that cocksucker Uncle Sam.
Very impressed you can earn so much from typing medical transcriptions as most of this work is now done somewhere real cheap like India. You must be putting in the hours if your figures are not total BS and they probably are.
When you cry about how broke you are waiting for your tax refund so you can piss it all away on a pre planned shopping list.
Philippines is a toilet to live in ask around many ex pats were there b4 Thailand and left to come here Plus it is twice as dangerous for foreigners in PI.
So your comments that it is virtually impossible to sell a condo or house at a profit show you know very little about being an owner.
Anyway I'm sure you may need to transcribe the details of a very important case of hemorrhoids for some Dr Patel or Dr Kumar.
So get to it !
My work figures: 450 to 550 lines per hour at 11 cents per line, plus 20% overnight bonus. 4-5 hours per day, 6 days per week. Do the math. Not BS.
Little secret: I spent a year living in a homeless shelter, and 2 years after that barely able to feed myself before I managed to get my act together, and that took me to pretty much up to my 30th birthday. I'm pretty happy with where I am now, compared to where I was 15 years ago. So sorry if my real estate portfolio is a little lacking at the moment.
My job isn't going to India... I know, because I've had some personal experience with that, and the Indians aren't good enough to do my job. The accounts that my company sends to India (my accounts) inevitably came back to America when the Indians couldn't handle it.
I'm never broke. When I bitch about being poor, I'm bitching about my spending money, not my bank balance. My tax refund is made for pissing away. It's my 700,000 baht annual fun money.
So anyway, you're not going to convince me that buying properties in Pattaya is anything other than a high-risk, low-yield gamble... and that's that. I think that most people in Pattaya would agree with me... and the rest of you own houses. Good luck to you though. I don't wish failure on you, contrary to how I probably have come across in this thread... but if I had the kind of money you had before buying those properties, I can't imagine doing what you did with it.
Real Estate is almost always a long term investment.
Pattaya is a boom town. Do you think all the people dumping money into this place don't know anything? are they all stupid?
This is how cities grow, this is when you buy - if you have the money and can bear the risk a place like Pattaya will pay off - everyone comes here and wants a piece of it.
Look at housing in USA , it is as bad. Time to buy smart money says.
Any investor will have a diversified portfolio and real estate holdings will be a part of it.
I wish I had some popcorn to eat; while reading this thread.
It is a peachy one!
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