@Tore ********

my only thought in that is that you can't compound interest if you are withdrawing it to pay rent. Yes, if there is some unrest then that's when the proverbial hits the fan

@Tore ********

is compound interest not where you leave the interest in the account to get interest on that interest? I didn't say condos were zero risk, but implying that investing in a market to get the return I mentioned wasn't zero risk either.

@Neil ********

so you choose FQ and legally own it. I was replying the comment implying a foreigner cannot legally own a condo 🤷‍♂️

@Tore ********

nut leaving my money in the market generating compound interest gives me zero income. If I wanted to play markets and have zero income I could simply reinvest the rent I am being paid. As it us, I'm more than happy with my choice to the point I'm looking at buying another. I can guarantee that any rent money you've paid is lost money unless you can guarantee a return of say 25k per month on an investment of 2.2m with zero risk. But even then you're not making money, your investment is now buying your landlord their property 🤷‍♂️

@Eddie *****

I'm happy and don't want out 👍🏻

@Eddie *****

the only if for me would be if I wanted to sell, which I don't. My Condo will owe me nothing after 10-12 years, 5 of which have already passed. When I'm there, I'll save around 30,000฿ per month. When I'm not it'll more than pay for itself in rentals. Or I could just throw my money away renting 🤷‍♂️

@Eddie *****

but you'll not lose it, you'll always have it. Everyone's circumstances are different, if you were in thailand more often, then you would've benefited more from it. So you bought at a bad time, when the markets were probably too high. Then along came 2007 to bring everyone back to earth with a bump. So, say you bought after the crash and grabbed a bargain possibly doubling your money, would your advise still be the same? I was caught out in 2007 and I am still of the opinion that buying is better than renting. Obviously depends on location etc, but if one is happy with an area and happy with a complex then what is there to lose? Can you lose more than the 100% rent that you pay and are losing? 🤔

@Harry ********

incorrect, after 15 years of owing more than the apartment was valued at after the crash, I got just above what I paid when I sold it 2 years ago. Not everything in the UK is as rosy as what's made out. Yes, I got caught at a bad time, but whose to say it won't happen again? 🤷‍♂️

@Harry ********

the returns I'm getting, albeit can be up or down, would average around ฿ per month. So that's around £550 per month that I doubt I'd get from a bank if I had £60k sitting in it. And £60k won't get much in the UK, I reckon I'd need to double the investment in a property in the UK to get a similar return. Though one could argue that it's safer, personally I'd prefer 2 condo in thailand with twice the return. Both options would depend on location. Last time I bought in the UK was 2007 and was in negative equity, after the crash, for approximately 15 years. So rented it out with a mortgage of around £150, received rent of around £600 and paid off the mortgage early, thanks to my tenants. So if I had to sell back in 2007 I would've faced significant loss in UK. As it stands, I have only gained in Thailand over the last 5 years or so. 🤞🤞🤞

@Harry ********

I bought my condo back in . Absolutely no regrets. When I'm there, I've no accommodation to pay for and when I'm not, I rent it out. It's a win win for me. Even if it sat empty when I'm not there, it's still a great place for me to call my second home. I'd prefer to buy myself a place rather than buy someone else their place by possibly paying their mortgage with my rent money 🤷‍♂️ maybe I'm lucky that I chose an area and complex that I am still happy with. So I don't care about resale value as even at a loss, I will have both saved money from not pay rent and earned money by from renting it out. Rent is lost money 100%