Land Investment Hua Hin/Cha-am

Post by **Baby Thunder** » Mon Apr 27, 2009 11:13 am

Oh My, Oh my... what nay sayers the majority you are. Can't do this, can't do that... not the right time...blah,blah,blah. Hooked up with a broker in Cha-am, needed help with a deposit he had made on some land in order to hold it. To the point... I invested 300,000 baht to help him and myself out. His clients returned Friday for second showing as promised. He had given me 2 rai at 150,000 baht each in Hup Ka Pong. Closed deal this morning. Doubled my money! There is a God.

Post by **crazy88** » Mon Apr 27, 2009 4:12 pm

Well done

Crazy 88

Post by **hhfarang** » Mon Apr 27, 2009 4:19 pm

Not meaning to be critical, but I think it was land speculators looking to make a quick profit and unscrupulous greedy builders that ruined Hua Hin for those of us who moved here to just live out our lives in a nice town...

I'm trying my best to get out now because of what they have done to what was a really nice place to live back in 2003 when I bought my building plot.

Post by **miked** » Mon Apr 27, 2009 4:34 pm

Oh My, Oh my... what naysayers the majority you are. Can't do this, can't do that... not the right time...blah,blah,blah. Hooked up with a broker in Cha-am, needed help with a deposit he had made on some land in order to hold it. To the point... I invested 300,000 baht to help him and myself out. His clients returned Friday for second showing as promised. He had given me 2 rai at 150,000 baht each in Hupka Pong. Closed deal this morning. Doubled my money! There is a God.

Baby Thunder,
i have not made a negative comment towards you. i suggest that it is wise to be very careful in your dealings with a small time "Cha-am broker" that needs funding for 300,000 baht. do you need to be involved with this broker.?? he certainly is not established if he cannot fund such a small amount. this time you have come out on top, but next time.???
Hup ka Pong is quickly becoming a popular area and land bargains are to be had. i suggest that you are the one with the capital so go it alone, you don't need any one's help apart from Thai speaker with a good command of English to accompany you. good land can be had for a song.
good luck to you
miked

Post by **sandman67** » Mon Apr 27, 2009 4:58 pm

Not meaning to be critical, but I think it was land speculators looking to make a quick profit and unscrupulous greedy builders that ruined Hua Hin for those of us who moved here to just live out our lives in a nice town... Confused

seconded......with added venom....Id have added greedy between was and land

my dearest wish.....that we get a "Benidorm" and such people see 65% of their "investments" go tits up

Super Joe · Post by **Super Joe** » Mon Apr 27, 2009 6:29 pm

Don't be soft that's business, supply and demand, the buyer obviously had no issue paying that price, buyers drive the market values.
When house prices shoot up in a boom, and your place has just increased by 50k USD and someone wants to pay that price, do you turn them down and reduce the price ? course not.

I'm trying my best to get out now because of what they have done to what was a really nice place to live back in 2003 when I bought my building plot.

I bet someone made a nice profit on that plot too, so YOU were the one who started this ball rolling were you!!

SJ

Post by **miked** » Mon Apr 27, 2009 6:48 pm

agree with SJ. do you blame car manufactures for more cars on the road.??
miked

Post by **hhfarang** » Mon Apr 27, 2009 6:51 pm

I understand that SJ and agree, but it's the speculators that came here not to live and enjoy the community, but to make a buck (or pound, or euro, whatever the case may be) by buying and then turning land or houses at a profit quickly that imo ruined this place.

They took advantage of Thai farmers who didn't have a clue what the land was worth and then made a fast buck, pound, euro, baht, etc. reselling the land or quickly developing it and then moved on to the next investment.

I came here to retire and live the rest of my life because (other than the heat

) back in 2003 this was a really nice place with little traffic and few western style moobaans or subdivisions. Unfortunately, at about the same time I discovered Hua Hin, it seems that everybody looking to make a fast buck discovered it too and now it has doubled in size, and prices on a lot of items needed for everyday living have doubled as well. The town has grown to a sprawling bedroom community with 50% of the homes empty.

It just isn't the same place I signed up for anymore...

Super Joe · Post by **Super Joe** » Mon Apr 27, 2009 7:43 pm

The Thai landowners have done very well out of their land, financially made for life many of the sellers. They set the prices they want and rarely drop that price at all.

What I don't get is that the early people here assume they can move and live here, in one of the houses on that old farm land, but then after that no-one else can as it will then get too busy for them. Do these initial people consider that they have moved into what was a small Thai town and spoiled it for some of the Thais who did not want it developed at all ?

The quality of some of the houses/developments is another matter.

SJ

Post by **sunseasand** » Mon Apr 27, 2009 10:57 pm

My Thai friend has 8 rai land 6km from the entrance to Springfield golf course and will sell for a low price of only 250,000 thb a rai. Anyone interested could PM me.

Post by **JimmyGreaves** » Mon Apr 27, 2009 10:59 pm

Not to bloody mention the flora and fauna that has been butchered by the lets turn it over for a quick buck crew (yep happens the world over) but to see a place butchered in such a small period of time is very sad. Just 4 years ago many a soi had many a tree and flower now many a soi has many a bloody building site. Yes I bought here also and am a little worried. Danger everywhere

Post by **jumpjockey** » Tue Apr 28, 2009 4:14 am

Hmmm

On the 22nd the poster asks for advice on buying and selling land!

On the 27th we got this wonderfull post,

I invested 300,000 baht to help him and myself out. His clients returned Friday for second showing as promised. He had given me 2 rai at 150,000 baht each in Hup Ka Pong. Closed deal this morning. Doubled my money! There is a God.

Someone trying to talk up a dead market maybe, the word BOxxOCKS springs to mind.

JJ

Post by **loverboy44** » Tue Apr 28, 2009 5:01 am

I watch this thread now for some time. For me it seems as if someone likes to tell that land investment is a bloody great thing, although we, as a foreigner, should know that it is not. At least not that way.
Looks for me that the poster is an agent of some kind.
At first, he/sheappeared like an US citicen that was not happy with investments in the US and suddenly appears to be staying in HH and arround knowing land brokers whon he/she can help out.
Very, very mysterious.
I personally think that this can not to be taken seriously.
Have fun

Post by **valrhona** » Tue Apr 28, 2009 12:22 pm

loverboy44 wrote:I personally think that this can not to be taken seriously.
Have fun

Agreed! Sounds like BS to me... Guess we'll never know since I have no interest to find out

Post by **highvoltage** » Wed Apr 29, 2009 10:01 am

the best time to invest for those with bucks, the land price will only go up. This is the only thing they dont make since the big bang so there is no over suppl