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- - Thai Realestate Prices... (http://www.discussworldissues.com/forums/showthread.php?t=143415)

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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?http://www.thailandqa.com/forum/images/smilies/rock.gif...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.http://www.thailandqa.com/forum/images/smilies/wink.png..like houses for 30-50 thousand dollars, & apartments for 100-300$http://www.thailandqa.com/forum/imag...s/rolleyes.png

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.

Quote:

How do I learn about buying real estate foreclosures?
All of the websites seem to be fake and want to make me join etc.
I am wondering how to invest in real estate foreclosure listings for real!

http://www.uob.co.th/uobproperties/english/index.php

UOB is a head-quartered in Singapore.

Kow Jai Khrap
It's all relative in the scheme of things.... just like the salaries..
Kow Jai Na ?

Deknoi, this original post was written a year ago. it would be unfortunate anyway to lure back a controversial member http://www.thailandqa.com/forum/imag...lies/wacko.gif

(funny indeed though that he didn't factor in salaries......http://www.thailandqa.com/forum/imag...es/sneaky2.gif quite a simplistic view of the world.)

Thai Realestate Prices...

Well I think it is all relative to income. I would guess it is just as expensive for an average Thai family to rent a house in Bangkok as an average US family to rent a house in Chicago.

How do I learn about buying real estate foreclosures?
All of the websites seem to be fake and want to make me join etc.
I am wondering how to invest in real estate foreclosure listings for real!