How Many Condos Are Available For Sale in Thailand?

#ThailandRealEstate #ThailandProperty #ThailandCondo
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[@ViewTalay]

And they keep building thousands more. If worldwide income becomes assessable in Thailand then more will come onto the market as foreign residents sell and go elsewhere

[@mmaranta785]

My house in Chiang Mai is worth the same as it was in 2007

[@genestone4951]

And if you rent, you're free to move anywhere in Thailand you feel like moving. I can't imagine anything better than that. I'm in Jomtien right now, and I already have the next one-year hop planned out. It's a great lifestyle, and I'm very grateful for Thailand and its people.

[@shg2272]

Good video, but if that’s the case, why is the government pushing so hard to increase the percentage of foreign ownership?

[@Bhatmann]

The Thai PM is a billionaire condo developer. But that’s just a guess.

[@shg2272]

@@Bhatmann That would be Trump in the US LOL

[@Bhatmann]

Thai government is down with the New World Order, WEF, Global Citizens, and more. Digital Wallets, Global Taxation, Rainbow Wokeness, Electric Vehicle derangement syndrome, Flip Flopping on ganja but mostly down with self medicating the peanut gallery, Taking guns away from good citizens, Copying the West like a lapdog, Woke Climate Change Hysteria, it just seems never ending. The Liberal Government’s decentralization plan has gone nowhere. Moreover the direction of the government seems to be going nowhere except down. It’s the same with liberal governments around the world nowhere to go but down. The future is looking so bright you may have to wear shades at night.

[@brianwilkerson6684]

What percentage of condos available for sale are foreign quota? Maybe that's the issue they are trying to address if too many of the Thai quota are unsold sitting empty?

[@genestone4951]

That would be really interesting data point.

[@brianwilkerson6684]

@@ShadyD365 I've seen this as well. I'm guessing the Chinese condos sitting empty aren't showing up in the for sale numbers? It's my understanding they buy foreign properties as a tool to park their money outside of China and aren't concerned with making money from it. That could be wrong but is the way it was explained to me.

[@MikeyInThailand]

Hope they didn’t get the numbers from the real estate websites here, the same condo is sold by many different agents and never taken off once sold, it’s a dogs breakfast trying to see what’s actually available

[@genestone4951]

In the US we have the MLS...a centralized database for all properties on the market in a particular county. As far as I can tell, nothing like that exists here in Thailand. Of course that should ALSO mean there's some inefficiency around that should be profitable, but I've yet to see it. Pre-development investment is the only way that I know of, and that's not exactly risk-free unless you're an insider. In fact, I'd say the only way to invest in Thailand in ANYTHING is if you're an insider.

[@Kandiplaces]

Biggest obstacle is financing for expats. Demand to buy is there, but must pay cash to purchase.

[@drkenchao1849]

it seems thailland currently has no estate tax, at least not on condos. perhaps new levy would bring in much income and easier to administer than new tax on worldwide income?

[@MrNodrog64]

If the government allows the Thai quotas of condominiums to be available to foreign ownership, there has to be a correction in prices to reflect the oversupply of the market. Fingers crossed !

[@genestone4951]

Wait, this is Thailand. Over-supply means you raise the price!

[@genestone4951]

How many condos are for sale? ALL OF THEM. lol. When you lease one, they are always for sale as well. So better somehow include that in the calculations. Buy Bitcoin and gold, and rent your housing. There's no upside that I can detect. In the US, I could always buy houses and condos far. far below market value, like 30-50% on the dollar. I've never seen an opp like that here.

[@bogse]

You live in BKK, if you are not already on TRT get on it now. You are in pretty bad shape and you are not old. If you are on TRT and look like that you need to check your diet, hire a professional nutrionist or you wont live much longer, at least not healthy. I would estimate 10-20 years. I not trying to be a dick, just to wake you up!

[@genestone4951]

what's TRT? Ah wait I bet you mean testosterone replacement therapy. When you do that, doesn't that make your body reduce its natural ability to produce T? That's what's always made me weary of it.

[@alexfrog9191]

@@genestone4951 Yep my understanding is that once you start TRT you're stuck on it for rest of your life. The far better option would be to reduce carbs and quit all seed oils (almost impossible in Thailand, I realise)

[@bogse]

@@alexfrog9191 You havent researched this since you dont understand it. Even those who have abused steroid for year can restore their natural production, one way is HCG. Most guys dont want ever come off from TRT so much better and healthier it makes a man with low T. Sure it would be good to get10-15% bodyfat first but I doubt guy in the video can do that without huge life changes and I doubt he can. Hpefuly Im wrong.

[@laurencefarrugia431]

lol triple that just for Pattaya