Well Jim, you're the expert, tell us what can go wrong that million of expats have clearly missed? Millions have got it wrong but lil ol Jim had it sussed all along. 😃
Condos, barring extremely high so units make nothing. I only own houses. Which condo block is selling them to thais at a 30% discount? If that was the case don't you think thais would be snapping them all up and selling them at 10% less to the foreigner so making a 20% gain and saving the foreigner 10%? Come on! Right now with the lunatic in charge in the states I wouldn't be buying anything, you have a mother of all recessions coming down the tracks! You see the markets cratering just about every day? Thats what a recession looks like.
You're talking condos, you've heard of houses right? The money isn't taxable if you pay directly to the developer, you see if you took just a few minutes to learn the basics, you'd learn. But cool, keep giving the owners your money. Everyones a winner right?
The problem with that is it's based on garbage! Name one new development that has sold a house at 30% discount to a Thai - just one will do. Still if you want to give us property owners your hard earned cash thats absolutely fine. As for buying anything in America lolol - you've seen the news right?
So no capital gains in Aus, taxes or tenant shite? Cool you struck lucky. Not sure where the baht I lose comes from from, 17 properties sold and made a profit on every one, it's really not difficult. Orange man reference was where is an alternative, equities is for the insane until that moron decides his self induced recession has completed.
lol of course and you graduated from Harvard what year? I've sold 17 properties to date and not lost a baht on a single one! Still you renters keep handing me your dead money whilst the capital stays intact. So no doubt you're penning a mail to the orange man to let your investments off the hook?