Quote:
Originally Posted by Dodger
You've got to readjust your view on land prices, which will not be easy, because otherwise you will not be buying any land around Patong.
Best way I've found is to go and see plenty of plots, get imersed in current market values and trends, you will then gradually readjust to accepting current values, be able to value a piece of land better yourself, be able to see the deal and not be influenced by historic values of what you could pay in the good old days.
You know me well enough, to realise I'm not teaching you to suck eggs here, I've been through your exact current dilema and done all the things I think you will end up doing, and learned by many lessons of my only solution, of getting immersed in a market and its current selling values.
You will then end up buying a bargain, at the moment you are trying to see it through a smoke screen of historic values.
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Its not just 'historic values' its any value..
My old man just bought a 3 bed brand new farmhouse conversion with 5 acres of land.. surrounded by oak woodlands.. On a south facing hill looking at the pyrenees.. Ocean 1 hour away.. for 200k EUR !! Thats 10 mil baht..
Also I am convinced we are in the latter stages of the credit boom thats going to see really nasty real estate crashes and global economic problems.. Now is the peak and not a time to buy IMO. I see dark(er) clouds lining up..