Bhat level and real estate

[FutureResident]

In addition to the FBA we now have a new thorn in the mix. Baht levels. Has this also slowed the reestate market? I'll be having a longer look but have postponed my purchase untill early '08. there are toom amny variales in the political world as to economics and the issue that realestate people are waithing to lobby whom ever is in parliment etc.. OK, Property Pros...are the prices going down as there seems to be to big of an inventory on the market. Are these developpers whom have billions of baht tied up need to sell and sell soon?????


I'm guessing, and that is all anybody can do right now, is that prices will settle as the risk (if it does) reduce.....So, what to do....I'm going to wait and probably pay a little more but be more secure.... I don't want to fail with the funds I worked so have to gain.... BTW, I made my money in buy apts, keeping them as rentals for many years whilst fixint the toilets on Sunday, painting between tennants etc. I got my money being very careful and won't be taken off in Thailand.

[JimmyGreaves]

As you said on another thread:

'is this board giberish intensive?'

[Burger]

FutureResident wrote:

we now have a new thorn in the mix. Baht levels. I'll be having a longer look but have postponed my purchase untill early '08.

What will the Baht levels be in early '08 by the way ?
As I need to plan ahead for a few things.

Burger

[Norseman]

I got my money being very careful and won't be taken off in Thailand.

Smarter men than you lost everything they had in LOS but are still smiling.

Are these developpers whom have billions of baht tied up need to sell and sell soon?????

I don't understand most of your typing but am still willing to learn expressive English words and phrases.

[Burger]

Are these developpers whom have billions of baht tied up need to sell and sell soon?????

Most developers do not have tons of money tied up, and usually build after a sale and deposit is made.
Generally they use their own un-borrowed money so can let it sit around for a while if neccessary.

Think the Thai developers do borrow the money though and have interest payments to make.

Burger

[sargeant]

Ok burger me old pal feeling sorry for you nobody prepared to answer your question quote what will the baht levels be in early 08(I suffer that a lot just a tip dont ask peops in property questions) but cos we are buddys

Heres my guess approx 2 big macpecials with fries will equal 3 dunkin donuts and coke

[STEVE G]

Gloomy predictions from the Asia Times:
http://www.atimes.com/atimes/Southeast_ ... 7Ae02.html

[Jockey]

Gloomy predictions from the Asia Times:
http://www.atimes.com/atimes/Southeast_ ... 7Ae02.html

I agree with that article 100%.

[big jimmy]

If you buy property In hua Hin..you must buy it cause you want live there and can afford it..investment property is another matter..most of us here have bought casue we want to live in hua hin

[Burger]

If you buy property In hua Hin..you must buy it cause you want live there and can afford it..investment property is another matter..most of us here have bought casue we want to live in hua hin

Agree, although currently rental returns, after tax, are nearly double what I get in London.

But nothing is guaranteed forever.

Burger

[Onlyme]

Agree with Big Jimmy.
I've rented here for the past 4 years, paid out over 144 k baht. That wouldn't get you a dog kennell on the golf course at Palm Hills!
I've seen, inspected a lot of properties in and around Huahin. Some of you folks haven't got a clue! You're being screwed every time you turn the corner. I can show you properties to die for at a fraction of what you're paying!
Onlyme.

[JW]

Cha Am is not the same a Hua Hin. Get real, the properties in HH fetch a lot more than Cha am, because its a much better place.

[caller]

Agree with Big Jimmy.
I've rented here for the past 4 years, paid out over 144 k baht. That wouldn't get you a dog kennell on the golf course at Palm Hills!
I've seen, inspected a lot of properties in and around Huahin. Some of you folks haven't got a clue! You're being screwed every time you turn the corner. I can show you properties to die for at a fraction of what you're paying!
Onlyme.

Onlyme,

In what way does your post equate to Big Jimmy's?

[Burger]

Onlyme wrote:

Agree with Big Jimmy.
I've rented here for the past 4 years, paid out over 144 k baht. That wouldn't get you a dog kennell on the golf course at Palm Hills!
I've seen, inspected a lot of properties in and around Huahin. Some of you folks haven't got a clue! You're being screwed every time you turn the corner. I can show you properties to die for at a fraction of what you're paying!
Onlyme.

Errrrrrrr I think that's cos it's in Cha Am and not a proper resort like Hua Hin. Cha Am died a long time ago when Hua Hin started developing into an international resort.

HH obviously isn't your cup of tea, but price and rental comparisons are irrelevent in this case, same as they are in HH between Palm Hills and Soi 752 (wherever that may be).

It's like saying I can show you loads of houses in Grimsby that are a fraction of the price of London.

Get real mate.

Burger

[STEVE G]

BBC 27-Mar-07
Thailand's central bank has denied it is planning to put a limit on the value of the baht, but has asked banks to avoid pushing the currency any higher.
The banks have been asked to return their currency holdings to the position they were in at the end of 2006.

The baht hit nine-year highs against the dollar last week but has since fallen back on rumours of intervention.

But the Bank of Thailand's governor said on Tuesday that all the rumours about policy changes were unfounded.

The central bank has taken a series of steps to deter currency speculators since last September's military coup.

In December, the Bank of Thailand said that 30% of non-trade related foreign exchange sold for baht must be deposited interest-free with the central bank for a year.