Harry ********
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Harry ********
's contributions to the platform. They have posed 2 questions and added 49 comments.

QUESTIONS

COMMENTS

Harry *********
Yes make sure you bring your common sense with you . A surprising number of foreigners arriving in Thailand seem to leave their brain back home .
Harry *********
Ok here’s the facts , throughout most of modern times that we all remember the GBP V THB rate was

Before the 1992 ERM crisis about 44-46 , 1993-1997 ( first half ) 37-41 , 1997(second half ) -2016 between 92 slowly back to about 55, the insanity of Brexit 2016-2023 37-42 , finally after years of suffering since Brexit it’s dragged itself up to 46.75 this morning . So historically about the average but hardly soaring . At 46 Thailand is cheap but not that cheap
Harry *********
@Chris ******
book a 1 month holiday , stay somewhere central so easy to get about , depending on your budget you can just about live on £900 a month all in , more realistically on £1500 and very well on £2500 for a single person . This assumes you’re not an alcoholic and avoid the luxury restaurants . If you like it you can always come back for longer
Harry *********
I have . Guidance on what exactly ?
Harry *********
Don’t feel you need to buy a property . Renting is so cheap in Thailand and gives you flexibility to move . Buy and you’re stuck in one place which , eventually , you might want to move from . Not easy to sell quickly
Harry *********
@Mark *****
and they never own the land … you omitted to mention that . You spend millions of baht to build a house your wife only actually legally owns . And if you divorce … all your money is gone . But let’s not worry about trivialities like that .

My point really is most people from abroad buy condos , not all as you say , but most . Ask the owners of The Met condo project in Sathorn Road Bangkok . They paid a lot of money for expensive condos ( hundreds of them in that building and yes they are nice , ) but … here comes the punchline … developers bought the small land in from of The Met and are now building a huge sky high condo right in front of it so the owners of The Met are rushing to ( unsuccessfully ) sell before the only view they have left is of the air conditioning condensers which will soon spring up in front of them . The developers of 125 Sathorn ( the name of the condo being built in front of The Met ) specifically designed the building so all the air condensers face The Met so the nicer front view is clear for the new condo owners . In the process they obliterated the view for The Met owners , and made it impossible now to rent out or sell . Dozens of foreigners investments gone .

The house agents wouldn’t mention that to prospective buyers of course .

I’m not saying you were not successful but you did something unusual for foreigners and my advice was directed at the majority of foreigners who come here with blinkered vision , throw there money down and then lose it all years later .

At least admit I’m right about condo ownership … it’s a terrible investment
Harry *********
@Mark *****
I am informed , and it says it all … your wife’s an agent !! So maybe with inside information you made money , 99% of people will lose . If you want to leave your family something then buy in a safe country eg UK just as an example where property is easy to sell ( unlike Thailand ) and it goes up in price ( unlike in Thailand ) . Buying land and subdividing it is good if you have inside help and is not suitable for most people . Most people will only know about buying a co do … huge mistake unless you like the nightmare of ever trying to sell it ( along with thousands of other condos to compete with ) and not getting your money back . And NO I have never bought a condo in Thailand because my brain still works
Harry *********
@Mark *****
you sound like an agent , they are always spouting this nonsense because it’s their job . Compared with the uk where property both for rent and sale is in short supply and huge demand , I can think of no country outside of China where there is such a huge glut of un sold units and thousands upon thousands of condos to rent , than Thailand . Prices are the same as 10 years ago and even then they can’t sell
Harry *********
@Mark *****
not in property it isn’t . Why invest here . Just invest in your own country , bring the money here as and when you need it