To Buy or Rent in Thailand. I had to make a decision
ฝัง
- เผยแพร่เมื่อ 2 มิ.ย. 2021
- #Thailand #Thailandcondos #Thailandproperty
After months of looking at Properties to either rent or buy I had to make a decision. I looked at many properties in Pattaya and the surrounding areas of Jomtien, Bang Saray and Sattahip. Specifically in Pattaya I looked at condos in Wangamat and Pratumnak Hill. So many Condos. Many rentals for many prices. Some sea view, some not. I knew what I was looking for. I even considered looking at condos in Phuket, Koh Samui and Bangkok. I love everywhere in Thailand. I found a place and I will tell you my story.
My name is Brian but everyone calls me Greeny. I retired in January of 2020 after working 30 years in my field. I didn’t want to work so long that I would be too old to enjoy my retirement. After living in Michigan my whole life I decided I wanted to retire somewhere warm, somewhere exotic. I sampled a ton of places in the Caribbean, Panama, Colombia, Turkey but set my sights on Thailand. I spent most of the winter of 2020 exploring Thailand then ......you know what happened. IT!!!
So I had to catch one of the last flights and come home. Now I’m back.
Why am I making videos? I need a hobby. I feel if I don’t do anything creative my mind may melt. I can also easily go back and reminisce by watching the videos. If anyone else enjoys them then that is a plus.
I take a ton of Travel photos. Check out my Instagram or Facebook. I usually post a pic everyday.
/ greenytravels
Or
Facebook: Greeny Travels
Link to my channel / @greenytravels
My girlfriend Fai is also on social media:
Facebook....Coffee with Fai
Instagram....@coffeewithfai
Congratulations on your new crib. The place looks great. Very thoughtful of Fai to have picture of your dog made. It was a cool idea.
I was surprised
I prefer to rent and be able to move around rather than feel I have to use a condo to justify the expense of buying it. Also, I don't want to think about a condo when I'm not living in it. The only thing that matters is if YOU are happy, Greeny.
Thank you. 😊😊😊
That's awesome man, congrats!
Best of luck with everything!
Thank you!!
Good luck with your purchase may you & Fai have many happy years in it !
Thank you Harry!!
I think you made a good choice Greeny. Good luck to you and Fai and hope your channel continues to grow. Take care
Thank you 😊😊😊
Cool video, Greeny. This crazy Thailand idea you had seems to be working out pretty decently so far. And it can only get better!
Yes. Can’t wait for thinks you get better here
Congratulaions on your condo purchase. I hope you and Fai are very happy: Great channel too.
Thank you Leo!
Hi Greeny, love your honesty, love ur vids. Keep up the good work. I think you did the right thing prices should only go up especially after this COVID mess we’re in. Good luck brother. Jack.
If your happy that’s all that matters , be happy enjoy life with Fai
Thank you. I’m happy as a pig in mud
What
Mister MAC Said :-) I'm so fracking Jealous lol.
Thanks for another great vid, Greeny! Yes, when you get the chance, please create a vid on the steps, hints and tips, on buying a condo in Thailand.
Thank you!!
Your channel has grown on me and I am watching almost daily or catching up when I have time. You appear to be happy and Fai will keep you young at heart. I am looking at coming to Thailand later this year, so all the information you provided on your channel is helpful....and yes I like the funny vids too!
Thank you. Will try to pass along more info
Nice condo. Thanks for sharing the nic-knack of your Dog...liked it alot Cheers
Thank you. I miss that cutie
You bought a condo for all the right reasons. A great deal as well. Enjoy your life and no regrets. Thanks for all your interesting and informative videos. I am stuck in Arizona until January but I am looking to get back to my condo and life in Jomtien beach as well. All my best to you and the little lady🙏🏼🙏🏼🙏🏼
Thank you. I’m thinking you will be good to go in January
Thanks for sharing your condo experience and information ✌🏼
No problem. Seems like more people like this content than silly vlog. I’ll keep making them though
Love the new place. Good job 👍🏽 finding a new condo
Thank you. Kept me busy that’s for sure
This was great bro. We want a full tour! Definitely do the livestream. More videos on this process as well. All good ideas!
Thx. Cmon by. I’ll give you a tour
Number 1 rule in pattaya, rent everything, and I mean everything
Number 2 rule in Thailand, make sure you are worth more alive than deceased
I would not have bought in Pattaya.
word
@@GreenyTravels this is what happens when a low IQ old fart moves to Thailand!
because of those 36 people who give the thumbs up I have an excellent return every year with my condos in Pattaya. Thanks!
Man, i am going through the same shit, i just bought a condo here in Pattaya, "good deal" until i had to go to the land office.. that's another story, now we have too, remodel bathroom & kitchen, "MORE MONEY, MORE MONEY"... your video was right on time, Thank you for sharing!
Luckily I went to the land office in Sattahip. In and out easy peezy. Titke in hand.
Can I ask why the land office ask you about remodeling a bathroom and kitchen if it's in a condo complex was it because of new structure making bigger not up to scratch in regarding the land laws thanks wiliam
It sounds like you've done your homework and you know the pitfalls of the other new condo projects so at a minimum I think you will be breaking even regardless so I am happy for you. Enjoy the new place :)
Thank you.
Great info thank u for sharing 😀
Thx
Great job ..you did good..love you channel..cheers from Florida
Thank you!!
This was another GREAT video Mr Greeny! I think you made an excellent purchase! I think a livestream would be GREAT.
Thank you!
Looks great ,you now have a base,happy days my man enjoy :)
Thanks Vic!
Wayyy Kool. Thx a Ton for the Post.
Thank you!!
Good on you greeny ,you do whatever makes you happy, and keep up the great content
Thank you!
Hey Greeny, only one life my friend, can’t spend it all worrying about making money. I think you’ve done the right thing for you and Fai.
Most importantly you always have a base to come back to after your travels.
Enjoy 😀😀
That was my thinking as well!! Thanks mark!
good points you made for your purchase - enjoy
Thanks Ross
Greeny... this is winning. Congrats on the condo purchase. Live your best life.
Thank you. A year and a half in and still loving it.
Great information, thanks for the tips.
Appreciate you watching it.
Congrats Greeny you do what is best for you
Exactly 😂
Great success story , good luck 👍
Thank you!
renting is a no brainer
I would buy if I only plan on staying…
Informative video ! congrats on your new pad
Thank you!
Good video and i am thinking about moving there to, so i look at many videos like this and your is one of the best. Great looking condo. you should make a live stream.
Thank you!
Looks a nice big apartment. U did your research.. the main thing is that u got a good feeling about it.... so good for u 😁
Thanks Liam
Hey Greeny, congrats man! I appreciate your thoughts on where to live. Pattaya is great for the weekend or night out but for day to day life I would enjoy something away from all the hustle and more of a relaxing type atmosphere. Bottom line is if you are happy, if so then nothing else matters! I think that is a Pink Floyd song! lol Have a great rest of the week! rb
Thank you!! I definitely like being not to far from Pattaya. Like the hospital. The malls etc. great to be able to escape home though where it’s nice and quiet
A lot of good ideas - As long as Your happy thats all that matters - look forward to your video on grand
Thxxx Tommy
You got a great buy, thanks for sharing with us.
Thank you!!
The video I was waiting for.... valuable info.... “greeny out” 🤪
Thxx! Some good deals here
Congratulations that’s exciting, I like owning my own place as it makes me feel secure, great place well done.
Definitely. Feels good!!
Sweet place man. Congratulations!
Thank you!!
This is you best video Greeny!
Thanks Todd!!
You played it very safe Greeny,well thought out and you made allowance for future down turn etc.Don't mind you do more realestate videos in the future.
Ok. Cool. Thank you!
120k usd, it's not a bad buy at all, 1200 square feet condo. We all know the best time to buy is when prices are low. I would not have a problem buying your place considering how much you love Thailand and you love to collect stuff and stuff accumulates( that is stressful not to have a proper sized place for your stuff.) I have a 5200 square feet 1 story home with a 10 car garage here in San Luis Obispo, Ca. so I know how you feel.
A few years back I sold my house in Michigan and downsized there. Garage sales for weeks getting rid of all my stuff. And I still have too much
Greeny it's smart thinking, You put your rent money to good used. Evening if you sell in 5 yrs you would not lose.
Only advice no clotted less items in the house. Hats off and respect to you.
Thank Ken.
Sounds like you bought at the right time , concern over the endless new construction of massive condo projects could keep the market flat ! Wish you well and over the long haul you may do ok ! Enjoy my friend !!!
Thank you. Hopefully I just keep it for a long time
Good for you man!
Thank you!!
Greeny on the next video show-off some of the sea views and amenities of the complex.
Thanks for the info - I'm thinking about making Thailand my overseas Base for early retirement and thought about maybe getting a condo as well after shopping around after a few years. No rushing - kind of like yourself. Cheers Dude!
Thank you.
Great video congratulations on the new digs🏠. I've been watching videos on ocean villas in Hua hin. Beautiful 2 bedroom 2 bath 1200 Square metres, Beautifully landscaped with pool 180k!! The Shocker is it's brand new and comes fully furnished
I’ve seen those. Nice!
You did well Greeny.
Yes, I would buy something if it was that cheap.
112m2 is a good size.
Enjoy your new place!
Thank you!!
By my calculations most people from western countries are still better off investing their money in an index fund or other investments and renting in Thailand over a 20 year period. However if you have a Thai national loved one you want to leave it too for their future security that could be a big reason for buying.
That’s true.
Loved one 😆😂
Like the new condo u done the right thing buying it
Good luck to u and Fai in the condo
Fai is definitely one in a million lovely lady with a big heart 💜
Hope the new job works out for Fai and if and when I want a condo I will come to u Fai
Live stream would be good 👍
Thank you. Sounds good. Appreciate it
Kho Samui is a great place to live 😀👍🇩🇰Phuket is also a great place good luck to find a great place 😀👍thanks for share a great video
Thxx
Congrats on the new purchase. I was in the real estate game back in the uk with 10 rental properties, which I gave up my day job for before selling up everything and moving here......... actually I should be closing on the last one next week.
I have my own opinions on condos here but it will be interesting to see how things change here over time. I’m pretty happy with our rental here at the moment but it is a little small as a long term prospect, swing by and check it out at some point on your way to Pattaya 😁
Cool. Let you know when we will be down there
Pleasure to get concrete specific details. This is my favorite Thai Vlogger.
Thank you James. Glad I can be of some assistance
This is where all action happens .. 😅.. congratulations for buying this unit.. loved the place..
Lol. Not much of it 😂
Just the info you have given thank you !
Appreciate it!!
Congrats Greeny on the purchase of your condo. Looks fab!
I have just made a ridiculous low offer on a beachfront Condo in Wongamat Beach and it was just just accepted by the Owner. Two bedroom, two bath 138 sqm. I can either keep it, re-sell, it or rent it out. Now going through the buying process. Hope the Owner doesn’t change his mind 😜
Awesome. Definitely some deals here to be had
I think you made a wise-purchase... That place is super sweet.... I don't need such a nice view, but that is another reason you made such a great investment...
Love this area.
great idea, I would definitely join in. looking to buy condo there myself.
Thank you!!
Thank you for sharing your information. Always hear the haters talking about never buy in Thailand. Maybe we are too American but no risk no reward. Congratulations!
Thanks. Good point!
You chose the up and coming area that is way more pristine and half the price of Pattaya. Score !
From 6m down to 4m… I’ve done research. This is a low price, and a preferred location. Congrats !!!
Exactly. And there is a construction site here that is supposed to be the new Icon Siam mall close by. When that’s build I should be looking real good.
Good information. Many people have misinformation about condo purchases. Problem is, many farang have bought condos without seeking professional advice, like say from a reputable broker. There are a lot of buyer protections in Thai law specifically for foreign purchases. Just because the bad experiences get all of the hype, doesn't mean it's common. Cheers 🍻
Great info TTT. Look into who you are dealing with and don’t hand over a check till you are at the land office being handed the title
@@GreenyTravels exactly right
Sound investment. Really helpful to get your take on these things. Would have liked to see the balcony and view!
Gotta keep you guys coming back 😂
@@GreenyTravels don't worry, we're hooked. 😂
Congrats on buying the condo. Real estate is always a great investment if you're in it for the long term. It's awesome you got a lot of space for that price. I live in West Coast something like this would cost 600-700k
Funny you say that. I compared it to Florida. Would cost so much to see the ocean I don’t even know
This condo in Honolulu Hawaii with 1200 sq feet with ocean view would cost around 15m baht.
Sounds like the right decision for you. You can use it as a base for travel around the rest of Thailand. I’ll look forward to more videos on the legal side of buying a condo. Also would like to see you LIVE STREAM. There’s always technical issues you have to get through but I think it will fit your demeanor quite well and build more commitment from subscribers. One KEY is to figure out the best time to do it - not sure where the bulk of your subscribers are from. I sense you have a lot of Americans like me.
Yea. America. Thanks Rick!
Every situation is different, for me I'm going to live out of suitcase and Airbnb and slow travel. Maybe once I'm in my 60's I'll buy something again.
Good plan. I did that here last winter. Fun but got a little old. I will still travel about
I think its a great move. You’ve thought about it logically and bought at a time the market favours you. Totally agree with you on the new builds. I think people are mad buying new places such as the Base or Grand Avenue. Shoe boxes. They wont age well either. Enjoy the new place
Good points. I saw lots of issues in Grand Ave
Congratulations on your purchase Greeny!
Thank you!!
Hopefully, I’ll be there by July or August!!!!
Here in the States, I’ve always felt that it’s better to own and build equity in a property than to rent. As a foreigner in Thailand, with virtually no rights, I’d be too worried about the fickle nature of the Thai government and their tendency to change the rules on a whim like they seem to do with visa requirements. Anyway it looks like a really nice place but you forgot to show us the ocean view. Good luck 🍀 with it.
Thank. Yep. One of the concerns but I’m ok with it. Calculated risk
Condo owned in Thailand is in the buyer's name as per Thai law.No worries.
Good job greeny you made the right decision 🤙🏾
Thank you!!
Well done, it’s your choice don’t worry what others say it’s your choice. I’d agree don’t buy off plan, my friend lost 9.2 million baht from buying off plan. Another friend had to wait 18 months longer than he was told. Older Condo’s give more living space.
Enjoy.
That’s crazy. I would be so pissed 😤
Congrats on the new condo
Thank you!
Well done. Congrats. At times its worth to take calculated risks, mainly when the market is down. Me and the wife bought our condo in the Bang Saray area. Based in the UK. Hopefully to retire there, until then enjoy it during the European winter season. Hope to be back soon.
I love this area. Let me know when you get back. Meet ya at the Tequila bar
Cheers. Yeah BS is amazing, chill and not too far (but far enough) from the madness of Pattaya. Definitely we will have a drink🍻👍
Greeny: "I don't like stuff that have been touched by other people" .....ENTER FAI...!🙈😅
Lol. I’d be hard pressed to find a virgin at my age
@@GreenyTravels come to the Middle East😜.
Middle East, Where being white is illegal?
I think you did really good its a great place...It looks like you have a big balcony would like to see your view..
I will probably get to that soon.
Whatever makes you happy man that's all that matters, just enjoy the moment and worry about tomorrow when it comes
Yup. Thxx
You have done well Mr Green when I can get back to pattaya I'll be looking to rent so I'm not stuck in one place
Always good to have the option to be Mobile.
hi Greeny a great buy enjoy
Thank you!!
Congratulations. Great decision for you and totally agree with buying a place a few years old with some size. Buying is not for everyone.
Definitely not. I look at it as an investment I can enjoy though
@@GreenyTravels Perfect for you at this time in your life. In 10 years you may have a different outlook. Enjoy.
Congratulations Greeny.
Thank you Steve!
You know all the advantages and disadvantages of both renting and buying. Some people look at the disadvantages and rent, some look at the advantages and buy. Both decisions are right for the circumstance. Congratulations on your purchase.
Thank you!!
Im thinking abut buying a small condo in Jomtien. You can't beat the prices for a place near the beach.
Nope
Hey Greeny, Thanks for the info! Would be nice to do a short complete condo tour VDO! Thanks!
I am like you it is a nice feeling to have a place for yourself with some space and not living in a shoe box.
One day.
Very good decision to buy something. We also bought something after seeing more than a dozen condos (we decided on the View Talay Residence 4 2bed 3 bath). I hate those new modern high rises with room sizes of a shoe box. And I think we also looked at a condo in your building. The railing on the balcony and the tall building outside looks familiar (blabla Beach Condo, right?)
Thanks. No not that one.
If you buy something your pretty much stuck there the rest of your life? Good luck.Love your videos & your girlfriend is real Pretty.
Thank you. Appreciate it!!
I think you did fine buying the condo. I will be moving to Thailand in a year so I'm interested in any information I can get regarding buying/renting condo's in Pattaya/Phuket areas. As for live stream, I usually can't make the time frames because I work a lot of hours. To me it sounds like buying was your best option. You did your research. Good job.
Thank. Will be doing more informational stuff in the future. People seem to like that
Brian, You did "GOOD"-Congrats on your Condo and Good Luck!! ;-) Please give us your location-Thank You!!
Thank you!!
Well done now tour please!
Cheap, want to see it!!
Thank you.
I think a great purchase Greeny and the property will definitely appreciate as a more affluent area compared to Pattaya where prices can remain static. I’d like to see more photos of the amenities and building facade to see what $4m can get you. Good video mate !
Thank Brett!!
You mentioned you would never buy in Pattaya. Is this due to the ‘chaos’ and the overbuilding of new condos?
So, you are in Bang Saray now? Can't wait to see videos of the area. I think it will boom soon.
Close to it. Will make some videos there soon when we get out more. Love that town and Sattahip. Lots of great food. Can’t wait till the bars open up
Great vid! I agree I’ve been suspicious on buying in Thai cause rent is more affordable but u are correct if u can get a really really good deal and work the math like u did it then yes it may be more feasible to buy vs rent especially if your staying there longer term. But yes it’s the numbers that count not the emotions that most people land up buying on. However, did u pay in full from savings or using a HELOC from USA or other form of credit vs dishing out that much upfront from your acct. I think if u can do it on a monthly that would be best but dishing out from savings would be more challenging.
“ this is where all the action happens, what little action there is”@10:32. I sure hope you’re joking 😂with that beauty you’re walking around with.
We are like old people.
Just a thought, if I may!🙏🏻
Some of us are close enough to 70 that we don’t CARE about making more money. We’re buying a property in Phuket because that’s where we’d like to live for as long as we’re spared. We have arranged our affairs in such a way that we’re unconcerned about leaving any material wealth to anyone.
We each have a will that’s easy to execute, our death details are taken care of, we have enough funds to live comfortably to 100, so property values can rise or fall, we don’t care.
We’re making a little home for ourselves that will do nicely until we’re planted, and we’re well aware that it wasn’t the wisest fiscal decision, but we decided to invest in peace of mind instead. No one can kick us out of our home, or Thailand in general for the next 30 years, if at all. We expect to be fertilizing daisies by then.
Money isn’t everything.
Love and All Good Things,
Jesse.🌹
That’s perfect then!! Enjoy it. You earned it!!
The main thing when buying a condo or townhouse is how much reserve they have for major repairs/improvements, especially a highrise condo. Hopefully, it works out for you. Good luck.
Thank you. True.
Nice condo. Looks like you got a good deal.
Thanks I think I got a decent deal. Really like it so far too
Good job, looks great.
Thank you!!
Do you keep a home in the U.S. as well? If not, what do you do when you visit home?
@@dougdavis8986 yes. I still have my place. No plans to sell at the moment
Greeny, you have obviously done your research, and you have covered all the angles. This sort of decision requires research, but after all that it is full of x-factors from your personal situation, like whether you are sure you will stay for 10 years etc. Previously I would have said don't buy, but your video has convinced me you have done the right thing. I also accumulate stuff, and if you are going to spend periods away, you now don't have to worry about that. Yes. You definitely did the right thing. You are smarter than the average bear, and living the life. Good for you.
All that you mentioned in correct. That why I bought. Thx!!!
Smart move. Good luck .
Thank you!!
Congratulations, Greeny! Sounds like you performed due diligence and got a nice deal. We recently closed on a 41sqm condo- sea and pool view in Hua Hin. I think my wife and I are in good shape. We bought during the pre-sale about five years ago at 2.2. and closed a few months ago- 3 years later than expected. It’s all good as we didn’t have to pay most of that balance until closing. They have a few left comparable to ours which they’re selling for 3.4 now. We will rent it out short term and long term to offset the purchase, but certainly hope to retire there part time in 10 to 15 years. Will likely use it for a few months each winter- hopefully the situation will improve for Feb-March ‘22. I’m based in Japan and from the states. Let’s have a beer someday. Take care
You will be good. I looked over there in December. There are far less sea view condos in that area than over here. So the prices tend to be higher per square meter. Hope you get to enjoy it soon
@@GreenyTravels appreciate it! Yeah, we are about 5 mins from the sea and def can get more for your money in other parts of the country, but I lived in HH, so my wife and I have a lot of friends there and feel real comfortable there. Our kids attend international school there during vacations, so it works. Enjoy your new place. Be well!