Bad news

Do you really have to?

You just say these words “it’s a shitehole”

The place is sure filling the bin up quick

Well all the rest of the worlds lowlife get admitted, so stands to reason you would to

Bang as many ladyboys as you can see

@Stephen *******

That’s kool:

since I sold my condo I invested the proceeds in uk rental property which have doubled in value since with rents at record levels.

I now take business class flights to Thai, and rent the best places, couldn’t have done that had I still got the condo.

It’s a no brainer really, but as you say whatever makes you happy.

@Stephen *******

no, your stuck with no way out

@Stephen *******

A lot of ifs in there.

The only few who made anything are the ones like me who bought at 70 baht/£ and sold at 43 baht/£ being lucky to have a buyer appear.

Thailand is now full of falangs with a condo to sell and no chance of selling.

A Thai will never lower the price he wants come what may, they increase it every year.

Then there are the other risks of buying, like all the scam developments that take punters cash and vanish.

Just imagine paying 20 million for a sea view condo in the JCC in Jomtien, and then having a corrupt Pattaya councill allow the building of VT7 right slap bang in front of it.

Or when the developer gets in trouble and mortgages all the title deeds back to the bank, so you end up to lose the lot.

It’s a veritable shithole, but if you want in buyer beware.

@Stephen *******

I bought a condo in my name in 2006, and had some rental occupation. Then things flatlined and poor rental occupation and dodgy estate agents. I used it several times on my Thai visits.

The building was like a continuous construction site with condos being fitted out.

It was for sale for 5 years with no interest, then out of the blue in 2017 I got a reasonable offer which included about 15% appreciation so I hotspeeded to Thailand to sell it.

Luckily the buyer went through with it.

Eventually largely because of currency exchange rates I made a reasonable return.

But for that lucky break I would probably still be stuck with it, just as the majority will be.

My advice , only buy it if you can afford to lose it