Quote:
Originally Posted by K2
Just a quick not that Chinese stocks plunged today as Gov. says stock market becomming a bubble.
OK to answer ATM Q...
I dont think either affect broad housing market much... housing here no different from housing anywhere else - main drivers are wages and interest rates in domestic market.
Foreigner housing market is small - I'd guestimate at <5% - maybe more like 2%, and toursim mainly centers on hotels.
Housing market is still robust for normal Thai housing and land prices are actually sill RISING! 
The foreigner centered housing market is going through some pain now - with the changes to immigration and FBA move affecting ownership see little respite in the near term and would hold off investing in property here until more clarity of the situation becomes evident. |
just a quick thought on China
I just get the same feeling when i hear a stock flying because "its the "google" (any thing could be added here) of China, and sounds so eerily similar to when companies would but .com after there name and the stock fly 7-8 years ago