Buying property

[klikster]

This entire thread is a series of attacks against someone giving good advice

http://www.huahinafterdark.com/forum/re ... light=land

'Nuff said?

I don't deny that other threads may involve a lot of arguing & misinformation, but you didn't mention other threads, in your post. Funnily, enough I did:

I would have thought those mini-rants would have been much better off in a thread that justified them, rather than one where all the advice has been solid.

Dawn, I'm not sure of your motivation nor your message. My first post was the third response and started off with "something to think about". "All that advice" was, indeed, solid, but IMO, it was incomplete.

Rant ?

Why should I mention other threads?

My second post related to and quoted Steve G. Was that a no-no?

Rant?

Are you suggesting that folks asking about housing should not be proactively alerted/cautioned about common misconceptions about land ownership?

If we shouldn't warn them at the beginning of their great adventure, when should they be warned, in retrospect?

I really can't figure out where you're coming from. My comments were not insulting, abusive, misleading, incorrect or spammy.

[DawnHRD]

Apologies, klikster. I've just read back & found that the only reason I included you at all in my first remark was the statement about the anonymous members. By the time I answered your rebuttal I had your post & crazy88's mixed up in my mind & didn't check back.

Sorry, you're quite right. My second post should not have been directed at you at all.

[caller]

Ooooh goody, a property thread, we haven't had one of these for sooooo long!

'Cept it's not (sigh).

How about

[lilleOle]

Just something to think about ..

Don't let the RE agents con you into believing that you can legally purchase *land* in your own name .. by creating a Thai company with nominees. It is illegal and always has been. If this law is ever enforced on a large scale, property values will plummet, IMO .. probably even below current "Thai prices".

However, a Thai wife offers a you that opportunity, but with different "options".

does this also count for companies made 5+ years ago?

[caller]

Yup! But as Klikster say's, it doesn't appear to have been enforced anywhere yet. No idea if this has impacted on being able to sell up easily.

[Marvo]

I think any falang with property in a company is just playing a waiting game at the moment, hoping that THEY don't become the "test" case!

[margaretcarnes]

I don't think all the 'misinformation' referred to necessarily stems from threads here. I do understand Crazy 88s point about other folks always knowing what you can and can't do in LOS. Much of it IMO is bar talk - used to drive me mad hearing people brag about how much they got out of HM Government, when I knew exactly what different benefits paid! Best way is to turn a deaf ear sometimes.
Most importantly here Richard has had some sound advice - take time - look around - talk to existing property owners as well. Good places to find ex pat homeowners are All In HuaHin and just down the road from there towards the night market the Boat (if still in business!)
PS there are risks anywhere, looking at recent problems ex pats have had with properties in Spain.

[Onlyme]

I always thought that the 30 year lease scheme was something to do with: Leasing agricultural land? Another loophole?
Onlyme.
PS. Best check it out to be on the safe side.

[richard]

It's slowing down

Talked with a couple of developers that I've known for 5 years

Said this last 12 months have been diabolical but they didn't care. Said they'de more than enough in the previous 4 years

[JimmyGreaves]

Not as cheap as you may think now with the rising baht and falling pound/dollar/euro. Not a good time to buy in my opinion unless money is no object.

However some say the strong baht is here to stay so it's a bit of a lottery!

[sessachief]

Hello all.
I like Richard visited Thailand for the first time. we came over the Xmas period.
My wife and I loved it.Since we want to be within two/three hours of Bangkok Airport which includes not waiting around for any connecting flights.Hua Hin and its surrounding area have been chosen.
However I am amazzed at the amount of new development, and thinking that Ch-am or Ko taib might be better. Ch-am seems less pricey.
Sadly I think we will by into Condo , as it is safer with 49% law.
we are hoping to return in June/July.
I agree there is going to be a credit crunch and these problems lead by USA very very soon. although my understanding is this place is mainly still Thai.
At the moment and after listening to some very sound and freely given advice from several sources, I am avoiding Soi 201 and around because of flooding, and looking to North Ch-am.
Does anyone have any feelings about, community life for those living in a condo as opposed to a housing development?
As for Golf , I play it but badly , love Tennis , fancy sailing and believe I can return to BK and fly just about anywhere in Asia quite cheaply if needed for diving or surfing etc so it seems a good central point.
I hear the view of renting, and am inclined to think that is a good idea, so suggestions firstly re Ch-am, then Hua Hin very welcome.
Can anyone tell me the most fun Golf societies ?
My wife and I will retire to Thailand, and I can tell you I felt more threatened recently in Paris ( with three blokes ) on my way to the Stade de France, than I ever did in Thailand.
That said my son was Mugged in Ko Tou ?! but he reckons by white fella`s ........Typical , pride and hand damage only thank god ,!
So it strikes me you have a nice place( traffic and water problems aside)
Medical support seemson the UP as well.
Any info and helpful suggestion most welcome .
Weather patterns perhaps ?

[lockwood74]

The property market in Hua Hin that is aimed at Foreigners is in the doldrums. It has been slowing rapidly for the last 12 months.

Sales are now virtually non existent compared with 2 years ago.

The foreign property market is fueled by Northern European money, this has dried up, combined with the strong baht, this makes buying property a less attractive option.

I can not predict the future, but bargains in Hua hin are not now.

I do think that if this period of stagnation continues we will see property companies pulling as their funds dry up, it all depends how long the the credit crunch lasts and how long the baht stays high.

When I can to hua Hin in December, I was shocked to see how many properties were left half constructed and signs of vacant development sites with nothing happening. Tin sheds where workers had left.

This is reminiscent of the last Asian property fall. Is it lurking around the corner.

Maybee the rich Thais will buy up all the houses and replace Northern European buyers, I dont think so just yet.

If money is a concern, I would sit tight and wait for changes in the currency rate or for the market to fall and pick up a bargain.

Sorry to be gloomy but things are going to get worse before they improve. The next few years will be a rocky ride for property developers.

John