low cost housing for thais

[sargeant]

Sorry jd was in a rush and confused i meant steve g please accept my humble and deepest of apologys

although why so touchy is beyond me

[JD]

Sorry jd was in a rush and confused i meant steve g please accept my humble and deepest of apologys

although why so touchy is beyond me

No problem man, apology accepted, but you’ve made a few views on this forum that I 'Do NOT' agree with, that’s all, each to their own. Same I said before

But it seems to me that you both have arrived at a similar juncture in this debate, neither is wrong or right, but who knows what the future has in store for expat or Thai alike. Investment is what you think it is. What risk are you prepared to take?

Good debate chaps, keep it up.

I didn’t however come to any consensus opinion that your statement -

JD and Jaime totally agree my fear was that the property developers were headlong full tilt bungalow crazy chasing the falang money.

- was in any way correct, it isn’t. And when my name is added to such ill conceived ideals, I’m going to resist.

Sorry if you don’t understand my stand point on this, or even the problems associated with the statement you made.

Maybe one day you’ll look at your hat peg and see the hat with 85 on the front gone and a brand new hat with 110 in it’s place, that would be a good one to wear whilst thinking about posting such statements, I’m sure you wouldn’t be half as productive on one thread as you have been.

[sargeant]

JD i would like to think people can agree to disagree mainly because we all come from different points in time as i said when i came here 9 years ago it was a sleepy fishing village but the explosion of developement is mind boggling and for someone who came here before i did even more so
Therefore my perspective / definition of explosion is most likely different to anyone elses
I would like some credit for listening getting my bum in gear and going to look where pointed to and coming back and accepting that it isnt as bad as i feared from the point of the thai housing
Maybe i didnt type it so well i agree with steve g and jaimes previous posts
my fear is my fear and not attributed to any one else

As for hat peg my hat fits me just fine
and being charitable i hope yours isnt to tight

Guess sorry got your pm which i hope you can send me again but my sows nipples clicked somwhere and it disapeared mind you my bovinespongeyformencepelopathy didnt help ill be more carefull next time
I hope i eventually get the hang of this cyber thingy business

[dane48]

Jamie


as for getting out of my goldfish bowl ive been swimming in it for 9 years and i aint a movin

ROLF

me like that man :-)

[dane48]

Pfyiii - almost 2 hours to read this tread - but worthwhile.

Many nice observations and opinions stated.
Living in an other fishbowl it's still very relevant and similar to my local discussions.

My point of view - globalisation - we have to learn to live with it.

The anxiaty for our offsprings future is not new, and history shows only one solution - education!

[Guess]

My point of view - globalisation - we have to learn to live with it.

The anxiaty for our offsprings future is not new, and history shows only one solution - education!

First sentence:

Mine point of view also except we cannot live with it forever. Man's lifespan will shorten dramatically before becoming extinct.

Second sentence.

Again my point of view exactly and education is more important than ever before. I have experienced myself the limitations of the uneducated.

However the are more learned people than myself who believe that eradication not education is the way forward. There is some evidence of this in the aftermath of the two very large 20th centruy wars.

I don't believe the cost of real estate can have a great bearing on any of this. In fact it excludes migration to areas of high prices to all but the charmed.

[Guess]

1,500,000 loan
Annual interest @4.5% =67,500
Monthly interest payment =5,625
with a payment of 6,000 a month that pays 375 a month of the capital loan
1,500,000 divided by 375 = 4,000 months divided by 12 months a year means 333.333 years

i dont friggin think so, methuzalah didnt live that long

now if you take your calculator ,degree and all your financial experience and work out my girls mortgage as stated in previous posts you will find with help that it works out exactely this loan was taken out on 1st feb 2005
a little over 18 months ago

Well I apologize for being quick off the mark and I apologize to all other readers for dragging up an old topic but two comments made to me in the last two days and a re-read of this thread in its entirety caused me to write this response. Also I woke up early and thought that the subject would send be back to sleep. It did, after about 80% the way through so I have had to complete it now.

But anyway after the conversations yesterday and the day before, I have retrieved the necessary software and re done the calculation based on the quotation that I received two years ago now. What your calculation has forgotten is that the 375 of the capital is only for the first month, Gradually the proportion changes in favor of the capital repayment. In reality in your example the mortgage period would be 61.5 years. If you have MS Excel there are a couple of very useful functions built in that can do all the calculations for you.

Firstly there are many different mortgages deals on offer to accommodate different needs.

The most common is the repayment over a set term. This is offered in two basic flavors. The fixed rate and the variable rate. Fixed rate usually works out more expensive in the long run but it buys some stability at a risk to the bank which is my they charge a little more than expected. The little bi more is used as a mortgage indemnity policy which is probably underwritten by a re-assurance company in Switzerland or England.

What I was quoting was the interest at the time on a loan of 1.5 million. The interest is exactly 5625 per month at 4.5%. I know that current rates are higher but I have still not seen an exact figure on the Thai base rate although I have found reference it since Thaksin’s departure. It could increase even further to curtail the growth of the Baht which is bad for exports. This country is 80% dependent upon exports and mainly to the USA which is currently suffering from weakening dollar. The current rate quoted to the public at Bank Bangkok is a whopping 7.5.% which would make interest at 9375 per month. That is on hell of an interest rate rise in two or three years but nothing compared tom what the UK have seen in the past.

In my opinion the interest only mortgage is the way to go but to get it avoid the high street banks and contact a broker who has many more sources than the banks. It is permissible for mortgage (or any guaranteed loans) to be part funded from overseas. The rate in Japan is currently way under 1%. There are mainly countries in Europe with much lower rates too. Even someone on a pension could use the pension as guarantee as a medium term loan from a bank in the EU.

Now lets get back to the motor car analogy that you dismissed completely. In fact I wrote as an exaggerated way of making a point. I agree it was not the best analogy to use. Cars depreciate and so does money. That is the point I was making. When you borrow money and only repay the interest over time the money you loaned is worth much less than what it was when you first got it. Of course if the money loaned was used wisely you can afford tom top it up and pay back the repayment. Then you are making money. This is the whole basis of the trader/stockbroker business in not only London and New York but all over the world.

If you have a head for figures and don’t mind doing about two hours research per day you can make a good living using these basic principle. The longer you carry on repaying the interest payments in time and building up you capital the more money you can muster. Of course you get the odd idiot slip through the net like Nick Leeson.

Any reference to “I can getâ€

[sargeant]

As per another thread this loan is obviously from mars

Its simple to understand without miles and miles of crud

You must have got a loan offer that was approx half the going interest rate at the time or over almost twice the 23 year repayment period

being a gentleman all i will say is martians

[essbee]

Jaime, point about Thai resentment is well made and is the biggest issue with house prices. The phrase “Come home to a real fire…………buy a house in Walesâ€

[sargeant]

Essbee you miss the point i made to jaime the welsh the french and the english voted for and are part of a mutually combined political and economic aliance thailand is a country being taken over by aliens because the wealthy can force it economically work out the difference for yourself please

[essbee]

Sarge

I dont disagree with that, these are enormous issues that many countries struggle with but look at the States they are not part of the EU and anyone can buy property there and they are not complaining. The same is now true in the Emerites, Turkey and many other places around the globe including Bulgaria where living standards are probably similar to Thailand, today of course half of their population are now in an orderly queue at Heathrow waiting to get jobs as plumbers in order to go home in a few years with a decent wad of cash.
I have great empathy with the Thais who object BUT as I said there are many doing very well out of it and over time "hopefully" it will have a beneficial impact.

[sargeant]

I do look at the USA they dont seem to like mexicans and immigrants in general from what i see

Yes some thais are laughing the rich and very rich (the minority) the poor thais (the Majority)it hasnt done dip for them

As for those in the other countries you mention not complaining maybe because they are to busy swallowing here wholesale

It is too complex for me i just ask the questions and see if someone else can give a logical understandable answer

[Farang]

absolute hogwash is it poor thais driving motorbikes which were not there ten years ago is it poor thais filling up the parking places in every city hamlet and buri the living standard of poor thais has come up so that their kids already are on their third generation cellphones thais living in carboard or sheet metal favellas are the poor that are always present in every society the money brought tho thailand by foreigners tourists and expats alike is essential to thailand

[ozuncle]

I recently noticed a large building developement in progress South of HH. I think Soi 126.
I was told that it is a Government project.
Could this be low cost housing for Thais?
If so, how will it affect the values and life style of the housing developements close by?

[Guess]

absolute hogwash is it poor thais driving motorbikes which were not there ten years ago is it poor thais filling up the parking places in every city hamlet and buri the living standard of poor thais has come up so that their kids already are on their third generation cellphones thais living in carboard or sheet metal favellas are the poor that are always present in every society the money brought tho thailand by foreigners tourists and expats alike is essential to thailand

100% spot on. I could never aspire to such eloquence.


This one gave me stitches.

I do look at the USA they dont seem to like mexicans and immigrants in general from what i see