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**JANALA** · 11-21-2005, 07:00 AM

As I just returned from Bkk. home to Chicago, I went on internet and read terrible finnancial mess that U.S. real estate market is-record high home foreclosures, billions of $$$ lost by the banks here & by foreign banks-who extended loans here in U.S.-millions of homes/houses were lost by people who just could not pay their high mortgage/interrest rates (another sign that U.S. is entering or already is in reccession) Then I remembered how inexpensive rental homes/houses are in Bkk.-you can rent a family house for 4,000 bhts. a month, I know that you can rent one room studio for 2000-6000 bahts (70-200$ U.S. $) and here you can`t find any decent apartment, for under 600$....And I wondered why such low rental prices in Thailand?...it`s not like there are more apartments/homes than people there,...I guess here, in Chicago at least, real estate owners, have rich/greedy blood, and will not rent below other rental prices, even if their rental units will stay unocuppied/un rented for months or years (As I seen it happen)....It would be great thing if we could have Bkk`s real estate prices here in U.S...like houses for 30-50 thousand dollars, & apartments for 100-300$

I'm sorry but I don't really see your point. Obviously house prices are going to be higher in a big city in the USA than in Thailand. That's not to do with a consortium of greedy landlords raising prices, it's because everything in the USA is more expensive, from the cost of the land to the labour that built and is needed to maintain the house. Landlords have to charge high prices in order to make a profit - they don't operate so you can get a cushy deal.

Why stop at BKK real estate prices though? Zimbabwean prices are far more favourable.

11-21-2005, 07:00 AM	#4
JANALA Join Date Oct 2005 Posts 437 Senior Member	As I just returned from Bkk. home to Chicago, I went on internet and read terrible finnancial mess that U.S. real estate market is-record high home foreclosures, billions of $$$ lost by the banks here & by foreign banks-who extended loans here in U.S.-millions of homes/houses were lost by people who just could not pay their high mortgage/interrest rates (another sign that U.S. is entering or already is in reccession) Then I remembered how inexpensive rental homes/houses are in Bkk.-you can rent a family house for 4,000 bhts. a month, I know that you can rent one room studio for 2000-6000 bahts (70-200$ U.S. $) and here you can`t find any decent apartment, for under 600$....And I wondered why such low rental prices in Thailand?...it`s not like there are more apartments/homes than people there,...I guess here, in Chicago at least, real estate owners, have rich/greedy blood, and will not rent below other rental prices, even if their rental units will stay unocuppied/un rented for months or years (As I seen it happen)....It would be great thing if we could have Bkk`s real estate prices here in U.S...like houses for 30-50 thousand dollars, & apartments for 100-300$ I'm sorry but I don't really see your point. Obviously house prices are going to be higher in a big city in the USA than in Thailand. That's not to do with a consortium of greedy landlords raising prices, it's because everything in the USA is more expensive, from the cost of the land to the labour that built and is needed to maintain the house. Landlords have to charge high prices in order to make a profit - they don't operate so you can get a cushy deal. Why stop at BKK real estate prices though? Zimbabwean prices are far more favourable.
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