Bhat level and real estate

FutureResident · Banned Joined: 25 Mar 2007 Posts: 42

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 · Guru Joined: 17 Oct 2005 Posts: 682

As you said on another thread:

'is this board giberish intensive?'

Burger · Ace Joined: 19 Apr 2004 Posts: 1115 Location: Hua Hin

FutureResident wrote:

Norseman · Posted: Mon Mar 26, 2007 6:58 pm Post subject: Re: Bhat level and real estate

Burger · Ace Joined: 19 Apr 2004 Posts: 1115 Location: Hua Hin

sargeant · Ace Joined: 19 Sep 2006 Posts: 1860 Location: Hua Hin

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 Duck

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STEVE G · Posted: Mon Mar 26, 2007 8:52 pm Post subject:

Gloomy predictions from the Asia Times:
http://www.atimes.com/atimes/Southeast_Asia/IC27Ae02.html

Jockey · Legend Joined: 27 Jan 2003 Posts: 2136

big jimmy · Specialist Joined: 05 Sep 2006 Posts: 195

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 · Ace Joined: 19 Apr 2004 Posts: 1115 Location: Hua Hin

Onlyme · Posted: Tue Mar 27, 2007 12:57 am Post subject:

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. Very Happy

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JW · Ace Joined: 11 Sep 2005 Posts: 1567 Location: hua hin

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 · Posted: Tue Mar 27, 2007 1:07 am Post subject:

Burger · Ace Joined: 19 Apr 2004 Posts: 1115 Location: Hua Hin

Onlyme wrote:

STEVE G · Posted: Tue Mar 27, 2007 4:58 pm Post subject:

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.