by doo » December 29, 2009, 10:23 am
Hi.
I disagree with people who say rent and not buy. If I had taken that advice, and I was given it, four years ago I would feel pretty sick now.
I'm in a three bedroom two bathroom single story house, inside the ring road and bought it new for 1 million Bhat. The rent for this type of new property is now 10,000B a month so in ten years, if rents don't go up, ha,ha, you would have spent 1,200,000B and have nothing to show for it. The value of my house now is 1,900,000B making a profit of 900,000B in four years. Far better than any bank rates. And prices are still going up. Also when I bought it the exchange rate was 71B to the GBP. Now that 54B buys 1GBP I have hit lucky twice.
I bought a second simalar one and rent it out, 10,000B a month now, and only rent it out long term. I think to risky short term. In ten years or less the rent will have paid for the house plus the fact that if I wanted to sell I will have made a good profit.
Hey why am I saying buy, Please rent and keep the landlords very happy.
I think this is a British trait to rent and not buy.
Good luck to what ever you do and welcome to Udon.