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Korean Job Discussion Forums "The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
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PRagic
Joined: 24 Feb 2006
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Posted: Sun Jul 17, 2016 8:11 pm Post subject: |
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Aside from the huge pain in the arse associated with buying property abroad and acting as an absentee landlord, several areas, for example in Thailand and in Bali, are simply overbuilding. This means you're highly unlikely to see the cost of your condo doubling. Waste of time and money.
Many people, either longer stint 'residents' (read: extended vacation) or retirees don't bother with buying. Once a place gets weathered and worn down a bit, and they invevitably do, they just move to the next new condo. They don't have to pay taxes, they don't need to pay upkeep, and if they get a crap neighbor or situation, they can simply pack their bags and move.
We did three months in Thailand winter before last and rented a great condo on the cheap. There were so many that all we had to do is scoot around until we got our price. Did the same thing when we spent the winter in Bali. NO expat we talked to in either place was keen on buying. |
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PRagic
Joined: 24 Feb 2006
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Posted: Sun Jul 17, 2016 8:13 pm Post subject: |
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I should add, however, that none of these people have Thai or Indonesian wives or kids. IF you were going to LIVE there and raise a family, then buying might be an option as you're looking uber long term, and you'll be able to utilize the property.
Guess you could make 50-100 million won here, buy a condo in Thailand, live there with your Thai wife, and then try to work enough there to actually afford enjoying it lol... |
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