Quote:
Originally Posted by TanMan
The reality here is that land prices in certain parts of Phuket have risen 4-fold in just a few years. So, owning IS a great option as long as you cover yourself and pick the right place. Yes, stay in Phuket for a year or so before deciding, but owning real estate even in a foreign country is just about ALWAYS a better option than renting if you do your homework first. Renting is NEVER a good idea unless you plan on spending time in-country for just a little while or like to move around a bit...
If you have the balls to invest in Thailand, then go for it IMHO. Sure, it's not like buying property in the West, but it could have a great payoff in the end if you are in for the ride...
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it is not always a better option when you consider the relative inexpense of renting
and i have never seen anyone be able to just sell their house in Thailand all that easy
so i wouldnt say buying an an illiquid market is always best over renting
people can say your house is worth x amount and has appeciated x amount, but those are just #'s. the only #'s that count are the #'s after a sale.