So tell me the worst on housing

Ask here about the pleasures and pitfalls of buying, selling or renting property and real estate in Hua Hin. Building, design and construction topics welcome. Commercial or promotional posts for real estate companies or private properties are forbidden.
Jaime
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Post by Jaime »

buksida wrote:Perhaps you could elaborate and disclose information on the "in the know" people so we may question them further.
Well, by using the phrase 'in the know' I suppose I am sarcastically referring to anyone with a different viewpoint to that of my own! :mrgreen: But seriously, I really don't think that personalising things is necessary and come on, you only need to read the threads to see what I mean by an 'us and them' tone and I don't think I'm the first to comment on it.

As for your second point, I appreciate that not everyone has the cash floating around but I sense that you have misjudged where I am coming from on this in that regard. Or indeed, maybe my posts misled you as I got carried away. But just to clarify, I too am not flush with cash - my wife and I are just average earners with humdrum average lives here in the UK (do you think I would spend so much time on this forum otherwise!?) but like anyone who purchased a UK home more than 5 years ago, we are just lucky that UK property prices have allowed us to remortgage our very average property (in the valleys - not exactly Mayfair as TukTukMike will tell you) and buy what is a very modest holiday home in Thailand - 1.5 million baht all in, furnished, western kitchen, full air con, the lot. Admittedly, prices for others have risen sharply since we purchased but for me it is very much worth the money. Someone posted on here about their rent in HH being about 8000 baht a month. Well, putting it into perspective that is more than my monthly mortgage payment has increased by as a result of buying the property in Hua Hin. If it goes tits up, I am not pretending I won't be pissed off but for the most part I have assessed and understand the risk and in my own case consider the venture to be worthwhile. I'll still have the property in the UK (for which I spent far less time considering the risks) and as long as I stay employed I can afford to make the mortgage payments - in sterling here in the UK. There is nothing unusual, ostentatious or extravagant about my situation or attitude - but there I go again, oddly finding myself justifying the purchase of a holiday home in HH.

Obviously, if you have arrived in Thailand and started from scratch without any property or financial back up from home then maybe you can't or wouldn't want to do this because you would have to put all your proverbial eggs into one basket. Of course I understand that because you would stand to lose everything if the misses ran off with a new boyfriend or if some other unfortunate scenario befell you. However, it also shouldn't mean that the property decisions taken by those who, after all, just want a little place in the sun once in a while are disdained because they can access a relatively small amount of cash from the value of UK property! However you may perceive it, it really is not extravagant and, after all, you only live once! :cheers:
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Randy Cornhole
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Post by Randy Cornhole »

Yawn.....let me see, shall I invest in Dusit house and BLAND or maby Hua Hin mountain PILLAGE. Wait thers also Tippashite and :(
God its so boaring im going to fall asle.............................................
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Jaime
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Post by Jaime »

:roll: ....!
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Post by roundeyes »

wow Randy sounds like you have no opinion in here on property what do you have buddy appartment or house are you pressing the lift or cutting the grass.
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Thats me Im on my way to luxury
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Post by Randy Cornhole »

To be honest when I first came here I was goint to buy a nice bungalow and have a garden etc...
But over time the prices have rocketed up (can you hear the thais sniggering) the houses are built too close togeather on tiny plots of land on what ammounts to a hot housing estate, surrounded by the very people I came to Thailand to escape namely tourists.
Its just not worth it now especially since the company loophole thing can be changed at the flick of a switch!
So iv'e decide to rent now as it's much safer. The only thing iv'e purchased here is a new motorbike.
I do have a thai bank account but the bulk of my money is in the UK.
It's fair to say 'mine eyes have been opened and I have seen the light'
That said I still love it to bits here, you just have to be careful. :thumb:
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Post by JW »

Well said Jockey, I understand why you always win the quiz at Dicks Office!! Beautiful pad by the way!!
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Post by dr dave soul monsta »

Hua Hin council estates
yep jokey the pad is real sweet !
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Post by Guess »

The only reason that anybody has ever won the quiz at Dick's is because I have not yet appeared.

But of course JW knows that I have, but not for quiz night,

At some time in the future it will happen so beware.
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Post by Randy Cornhole »

Hot shite over priced housing estates that's my last word. one day you'll realise. Just because its cheaper than the UK doesnt mean it better. Heat doesnt = quality. "oh we have some land and 3 bedrooms isn't it hot here we must buy darling its so much cheaper than Copenhagen!" ugh, Thais are laughing all the way to the bank........ha ha ha ha ah ha ha. :mrgreen:
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Post by philip »

Amazing when it comes to property dealings - everybody's an expert ! If the current law prohibits buying a freehold, then why not get the owner to grant you a 10/20/50 or even 125 year lease, for a single premium payment equivalent to dicounted rental in advance for the full term ? To every relevant extent, you have full and free use of the property thereafter, virtually as if it were a freehold, can assign (ie sell) your leasehold interest at any point in the future, (with capital appreciation) and most important, you stay within the current law. Any halfway copmpetent lawyer could draw up such documentation I'd have thought.

Someone will shoot me down in flames, no doubt, but on the face of it, does this not overcome the problem of farangs not being allowed to "buy" property ? :roll:

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Post by lomuamart »

Maybe some truth in that, Philip.
After all, I bought my property in London on a 125 year lease.
Show me the way to freehold in London. It does exist, but costs the earth.
Could be that the difference is that property laws changed in the UK years ago allowing leaseholders to buy the freehold?
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Post by sam »

Hi, I could be wrong but as far as I am aware a foreigner can only have a 30 year lease legally, after that it is in the lap of the gods.
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Post by Jaime »

I am pretty sure that you can have multiple 30 year leases running consecutively. Longer leases by stealth!
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Post by essbee »

My god HHAD has an Jim from Reading a Steve from Woodly and now me a new member Steve from Wokingham and we all go to HH. :idea: Maybe a local usergroup should be set up or drinks in HH or Berks. ? :cheers: to the boys from the royal counties of Berkshire and HuaHin
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Post by johnnyk »

Jaime wrote:I am pretty sure that you can have multiple 30 year leases running consecutively. Longer leases by stealth!
They won't be recognized by the Land Office. They recognize 30 yrs max. Anything else is only a private agreement between you and the lessor. If he dies or sells the land it is highly doubtful the next owner is bound to his private agreement. And if the land increases in value, look out, there will be incentive to get you off the land. In my case, I don't want to be in a Thai court when I am 85 years old!
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