House prices - the truth

Linton

Hsarcgib wrote: »

Why would people not try to sell if they know prices are in a long term decline?

Most people want a house to live in rather than trade - ie buy and sell on rising/falling markets. Anyway moving, especially with a family is a real hassle.

However if they really "knew" that house prices were in a long term fall I guess some people would sell. However those people who really "know" what is going to happen have a horrible tendancy to be proved wrong.

bendix

botchjob wrote: »

I love the ex-pat point of view. For whatever reason you have chosen to live in some unremarkable backwater where land and property is cheap (cheap for a reason). You therefore seem to feel you have to justify your decision by asserting that 7 million Londoners are plain stupid. Maybe you should go and have a swim in your lovely pool and cool down a bit.

If by 'unremarkable backwater' you mean my beachside house in Hua Hin, Thailand, where the temperature rarely falls between a 25-33 centigrade range, where I am 2 minutes from a thriving town full of spas, worldclass golf courses for £10-£20 a round, western and local supermarkets, literally hundreds of Thai, Italian, English, Scandinvian, Indian, French restaurants, where I can eat fresh crab, giant prawns or lobster daily if I wish, where I have full and unfettered access to western tv channels and where - if I so wish - I can stroll to the local shop and pick up today's copy of the Daily Telegraph or Guardian several hours before it's on sale in London newsagents, then - yes - guilty as charged.

There are two types of people in the world. There are those who are born, then live and then die, and spend their life whining about the bit in the middle without doing anything about it.

And then there are those who realise the world is a big place and the lot into which they were born is not necessarily the end of the story.

You choose.

Jonbvn

bendix wrote: »

If by 'unremarkable backwater' you mean my beachside house in Hua Hin, Thailand, where the temperature rarely falls between a 25-33 centigrade range, where I am 2 minutes from a thriving town full of spas, worldclass golf courses for £10-£20 a round, western and local supermarkets, literally hundreds of Thai, Italian, English, Scandinvian, Indian, French restaurants, where I can eat fresh crab, giant prawns or lobster daily if I wish, where I have full and unfettered access to western tv channels and where - if I so wish - I can stroll to the local shop and pick up today's copy of the Daily Telegraph or Guardian several hours before it's on sale in London newsagents, then - yes - guilty as charged.

You forgot to mention that there are severe restrictions on foreigners owning property in Thailand.....Oh and the lady-boys;)

Jowo_2

bendix wrote: »

If by 'unremarkable backwater' you mean my beachside house in Hua Hin, Thailand,...

I'm sure Thailand is a veritable paradise but this is the country that my chav neighbours fled to when their property development companies failed in order to escape their many creditors.

So I tend to associate it equally with a place that broke people flee to in order to live it up like kings on their remaining pennies...

I'm sure there are many successful expats there that outweigh the economic migrants that flee there to eke out their small incomes.

bendix

Jonbvn wrote: »

You forgot to mention that there are severe restrictions on foreigners owning property in Thailand.....Oh and the lady-boys;)

About the property restrictions - quite right too. But there are more than enough ways to get around that. Anyway, there are only restrictions on owning land, not apartments, but even the land issue is not insurmountable with the help of a good lawyer.

As for ladyboys . . well, no offence, but that you brought it up says more about you than it does me.:D

bendix

Jowo wrote: »

I'm sure Thailand is a veritable paradise but this is the country that my chav neighbours fled to when their property development companies failed in order to escape their many creditors.

So I tend to associate it equally with a place that broke people flee to in order to live it up like kings on their remaining pennies...

I'm sure there are many successful expats there that outweigh the economic migrants that flee there to eke out their small incomes.

There is a fair few of those to be honest, but then what expat centre doesn't have them? Spain, for sure.

Too many people get suckered into places like Thailand, thinking they can live like kings on next to nothing. It's palpably not the case but, having said that, a pension of £2000-£3000 a month spent wisely will give you a retirement many times more pleasurable in Thailand than it would in the UK.

Sibley

I live in Bangkok.
I've got a good job and trust me it's a lot better lifestyle than UK.

For starters we rent a cracking 3 bedroom detatched new house for £200 a month.

Sexy lady living here as well. What more could you want? lol

bendix

Plenty of houses like that around Bkk, Sibley. I'm guessing you're out of town a bit. 10,000 baht ? I'm guessing you're around Rangsit way, perhaps?