@Peter ********
what exactly is your math behind that? how much is your condo in the calculations?
i see condos advertised all the time for 3-5mil baht. small small small ones. (25-40m2)… a house sized one for a multiple of that.
while you can rent a small small condo for less than
*****
baht per month. sure, the price increases over 20 years so take that into account. but if you rent for 10k for 1 month, that is 120k per year. 1.2mil for 10 years. even if its 1.5 for 10 with the price increases. you will look at less than 3mil for 20 years.
now consider that you have the 3mil available and put them into an invest instead (for example S&P500 ETF) which yields 10% annualy. you are looking at +300k yearly or 25k monthly. even a super conservative invest with just 5% returns would pay for your rent + utility automatically.
besides that, it is way better to stay flexible. you are allways one bad neighbor away from having a horrible
time and then cannot move and cannot do anything about it. things in thailand change super fast… a property is just a burden.