On my flight to Bangkok last night I was chatting for awhile with the guy sitting in the seat next to me. Turns out he’s from the Green Bay area and regularly flys to Thailand. In fact, so regularly he picked up a condo on the beach recently. On the 21st floor (out of 22). For about 1,000,000 baht, which sounds expensive until you realize it’s less than US$50,000. In fact, at the current exchange rate, it’s down to $31,000. I’m likely to spend more on a new car next year than I would for a condo in Thailand.
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Holy Condo Prices
On my flight to Bangkok last night I was chatting for awhile with the guy sitting in the seat next to me. Turns out he’s from the Green Bay area and regularly flys to Thailand. In fact, so regularly he picked up a condo on the beach recently. On the 21st floor (out of 22). […]
2 replies on “Holy Condo Prices”
Shit, man, even with a pathetic down payment, your mortgage would still be only $5 a month. Sweet deal.
What looked crazy was the idea I could turn around and rent the same place at around 30,000 – 50,000 baht a month, which is up to US $1,500/month. Granted, it’s not easy being a Thai slumlord from 10,000 miles away.