Setting Down Roots in Bangkok: Should You Rent or Buy? [S7.E50]

Greg and Ed tackle the age-old question for expats living in
Thailand: Should I buy or rent a condo or house? The boys begin
by making clear there is not one simple answer to this question,
and it depends a LOT on a person's particular circumstances, such
as budget, length of stay, and investment expectations.
Nevertheless, there are general questions that everyone should
consider when making this decision. Hat tip to a video that
ThailandBound posted for providing the brainstorming. 


 


The guys go through seven separate topics, ranging from possible
double pricing for Thais and foreigners, to the consideration
that must be given to condo maintenance fees and the difficulty
of finding repairmen if you are an owner. Further, Bangkok is
famous for new construction, and each new building may have
amenities that make your 5-year-old building feel (and look)
ancient by comparison. On top of all this, there are cultural
considerations, such as Thais' notorious fear of ghosts and bad
luck in general, hence their preference for buying new rather
than lived-in residences.


 


While there's no single answer for all expats, everyone planning
a long stay in the Kingdom should certainly consider these
factors before making such an important decision. 



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