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The one thing that does go against my personal view is the booming asset prices over rental yields.. Since I have got here I have watched prime seaview land go from 2 mil per rai to 4 mil to 8 mil in only a few years.. Thailand has basically boomed through tourism in a way thats just nuts.. So many people who have bought have made 50 - 100% in only a few years but thats also indicitve of an overheated market.
I personally have said for ages I see a housing lead recession in the west coming.. Whats the first thing you sell in times of hardship ?? second homes and holiday homes, what the first things cut from your budget ?? Luxury vacations that can be simply put back.. Both those things could be big drivers of near future prices.
Lastly I think its telling that I know a few property agents.. Guys who work in the property market and industry full time, Guys with some money.. Anjd all of them rent.. That speaks volumes to me..
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Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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