House Price Comparisons

Information on building a house, buying poperty and land, and all other general contruction topics...
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jackspratt
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Post by jackspratt » January 4, 2008, 4:41 pm

Yossarian wrote: Perhaps it is a discussion for another forum but I think we can all agree that America is still the country which offers the most freedom, liberty, and opportunity in the world.
Err....no we can't :shock:

What I think we CAN probably agree on is that only an American (but of course, not every American) could make such a statement.

The word hubris springs to mind.



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LoveDaBlues
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Post by LoveDaBlues » January 4, 2008, 6:56 pm

Yossarian wrote:I would agree that property taxes in the US are a problem. As property values have increased over the past few years the tax rates have remained the same causing an increase in actual tax paid. Then again, the property tax burden is offset by the federal income tax subsidy (itemized deduction of mortgage interest and property taxes). Property taxes usually fund the local school system so if you have a couple of kids in school that is also a benefit. By and large though I would agree that property taxes have become excessive in most places.

Perhaps it is a discussion for another forum but I think we can all agree that America is still the country which offers the most freedom, liberty, and opportunity in the world. It is still the place where people risk their lives to go. It is not perfect, however, to paraphrase Winston Churchill, it is the worse country in the world except for all of the others. From my perspective, debating whether America is better than Thailand is sort of like debating whether the sun rises in the east and sets in the west. I suppose the world will always be filled with those who would try and convince us otherwise.

Be that as it may, the fact that the prisons in America are filled with criminals indicates that the rule of law is enforced vigorously. The reference to rule of law as it relates to property has more to do with zoning ordinances and the various laws protecting a property owners quiet enjoyment of his property. Corruption and cronyism dilute the meaning and utility of law. For example, if you can hand a bag full of money to the local politician for a zoning variance for your property, there goes your chemical factory in the middle of a residential housing district. When your neighbor opens an all night disco at his house, try enforcing your rights of quiet enjoyment when his uncle is a local policeman. In America, and presumably in most developed countries, there is a professional, impartial judiciary with which to enforce your rights.

While a life estate (referred to as a "usufruct" here) is a perfectly useful estate in land, it is not fee simple ownership. Depending upon the agreement establishing the life estate, the beneficiary may or may not have any number of rights. Most agreements restrict the right fo the beneficiary to lease the property without prior approval of the owner. There are a number of rights which he definitely will not have including: the right to sell (transfer title to) the property, the right to mortgage the property, and the right to dispose of the property to his heirs upon his death. The owner of the property may transfer, mortgage, and otherwise dispose of the property as he sees fit. Additionally, the beneficiary must care for the property in a prudent manner and remains liable for any waste committed to the remainder estate during his use and enjoyment of the property. The life estate is a perfectly valid and strong interest in land, and, depending on the circumstances, probably a foreigner's best option in a "lesser of evils" analysis. Fee simple ownership it ain't.

Shacks in SC? LOL As opposed to shacks in Udon Thani? ;)
This has morphed into a discussion about comparing America with Thailand. I have no desire to do that; the crux of the discussion is home values in Thailand. I happen to enjoy living in Thailand more than America; just a personal choice, nothing to do with home values. I have no desire to try and convice anyone that any country is better than America; I don't care what someone else thinks about a particular country....it's meaningless to me. You originally based a Thai home value on 1% a month 'rule of thumb' rental value. Great for America and maybe even valid in America but Thailand is not America. I know a bit about the rental biz in America. I have a rental house there and at one time managed 52 properties and owned 7. I was the president of a homeowners association with 120 units for 7 years and vice-president of another with 95 units for a similar period of time.

I you don't know enough about Thai law or have a good lawyer to know how to protect your rights with regard to property/housing then renting is your best option.

No, this discussion is not about Winston Churchill or how wonderful the USA is. It's about home values in Thailand. I'm still waiting for someone.....anyone......to show me where in the USA I can have a high-quality home built for $28 USD (even at the current crappy exchange rate) per sq. ft. Anyone.......... ;)

ps - go buy that wonderful 100K property in SC.....I'll take the option my friend just took. He bought a rai of land for 250K and spend another 1.1 million for the new house. So a total of 1.350 million baht for a nice 2 bedroom 136 Sq. meter home at a USD cost of around $40,300. The last 2 cars I bought in the States each cost more than that lol.

Here's a link to a typical house in Aiken, SC (my heartttttt is achin' for Aiken lol).......priced at 94K USD.....no thanks I can build a higher-quality home here of 300 sq. meters for less than that.........it DOES have a 'level lot' though as one of it's 'exterior features'.........lol..........it costs a bit over $100 USD per square foot (okay; not allowing for the massive land of .1 acre lol.............)

Link Here

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Post by Naam Jai » January 4, 2008, 7:49 pm

Haven't we departed from the subject?

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arjay
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Post by arjay » January 4, 2008, 9:00 pm

Considerably, particularly as it was a "Classified Ad"!

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Post by moderator* » January 4, 2008, 9:09 pm

This topic has now been split.

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Post by dbriggins » January 4, 2008, 9:32 pm

I was thinking about house price comparisons this morning as I pondered a job offer in Los Angeles. For me to move from where I am in Tennessee to LA, and have the same standard of living in regards to home size and amenities, nearness to work, cost of living, taxes, etc, they would have to offer me nearly 5 times what I'm paid here, but I know I would be lucky to get twice my current income. (For instance, my house payment, with taxes and insurance, is a little over $500 a month here. In LA, the same size home, in a similar neighborhood {no drive by shootings} would cost me around $3000 per month for the P&I alone)

If I moved to Thailand, assuming I could <i>get</i> a job, the question of living standards comes to mind. I could get a Thai home in a Moobaan for 300k baht or less (well, my wife could :-) ) I could (and have) live and eat like a Thai villager on a pittance. If I wanted to live the same way I do here, then prices skyrocket, with 1 million + for a home, 400k+ for a car or truck, plus insurance, fuel, repairs, etc, and then there's eating out, movies, books, TV, internet, cell phone...Well, you get the picture.

Comparisons don't work...You aim at what you want, and have to be willing to pay the inevitable price...

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arjay
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Post by arjay » January 4, 2008, 9:55 pm

I think comparisons do work, but you have to comparing like with like. For example a house in Udon compared to a similar one in Khon Kaen. :D

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Post by spaul » January 4, 2008, 10:19 pm

Well said arjay, glad you thought of that!
now go back ten postings from your last comment.

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arjay
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Post by arjay » January 4, 2008, 10:23 pm

spaul, You mean twelve postings.

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Post by spaul » January 4, 2008, 10:49 pm

[quote="spaul"]Arjay - yes of course I understand that, but my point is you should do things on a like for like basis, for example, do the same exercise on comparitive properties listed for sale in, let's say, nong bua lampu]

this one!

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Post by erikr_ » January 4, 2008, 11:46 pm

jackspratt wrote:
Yossarian wrote: Perhaps it is a discussion for another forum but I think we can all agree that America is still the country which offers the most freedom, liberty, and opportunity in the world.
Err....no we can't :shock:

What I think we CAN probably agree on is that only an American (but of course, not every American) could make such a statement.

The word hubris springs to mind.
Indeed for that the Netherlands come more in mind

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Post by arjay » January 5, 2008, 2:04 am

spaul, yes I see - exactly what you had said before - agreed. :D

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Post by Yossarian » January 6, 2008, 2:59 am

I hate to break it to you but I think your friend just bought a lease on a nice 2 bedroom home on one rai of land. I don't care how good your lawyer is, he/she can't change the law. The most he/she can do is promise you a lawsuit against your Thai nominee.

If you can build a stick-built home in Thailand for 28USD for square foot that would be impressive. The only stick-built homes I've seen here look like the tree houses we used to build in the back yard when we were kids. The rest are concrete bunkers which remind me of the last days of the Third Reich. Not very pleasant memories.

Because Thailand is a developing country, labor is cheap so things that require a lot of labor (mostly services) are also cheap. Some things are more expensive in Thailand: cars are at least 30% more expensive; gas is probably a little more expensive here; baby strollers and coffee are twice as expensive; diapers are a little bit more expensive; foreign food.

Life isn't just about saving money though. Life is about pursuing your dreams and living a fulfilling life. Like the other guy was saying, if your dream is to live in a concrete bunker, drive around a Honda scooter everywhere, and eat som tom, barbecue chicken, and sticky rice every meal, than Thailand is a great place.

So maybe the shack in South Carolina is not as good as the concrete bunker in Udon Thani. How about value? In South Carolina, I can coach my son's soccer team without being arrested and deported for working without a work permit. In South Carolina, I can vote for the people who will represent my interests in government. In South Carolina, I can take a stroll with my wife in the evening without choking on diesel exhaust. Most importantly, in America, I can go almost anywhere and not be called a racial slur.

And it's just not about the greatness of America but of western civilization. I would include most of Europe, especially the Netherlands, a very civilized country, in that as well. It is related to the subject because these are the things that make life worth living as opposed to just merely existing at the basest level possible to save a couple of bucks.

The Netherlands, for example, reminds me of Vincent van Gogh or the beautiful canals. Thailand reminds me of a bowl of plastic fruit.

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Post by Laan Yaa Mo » January 6, 2008, 4:36 am

Somehow I do not think you have seen too many houses in Thailand. There are some that fit your description to be sure, just like I remember the swaying shacks as we drove by rural South Carolina and Georgia. I have seen beautiful wooden houses in northern and north-east Thailand.

As for your description of Holland as a Van Gough painting, maybe, but the image is somewhat flawed since the Netherlands does have a certain flatness to it that is not all that appealing.

Som Tam, barbequed chicken and sticky rice every day may not be the most appealing portrayal of what is on offer in Lao-Thai cuisine any more than eating hot dogs, chicken nuggets and fries washed down with coke or a shake daily might be in a skewed version of an American diet but it is much cheaper than food stateside.

And your quaint portrayal of Thailand as resembling a bowl of plastic fruit brings to mind a poster who appeared regularly on this site up until about a week ago. This is just to say that your thought that Thailand reminds you a a basket of plastic fruit raised a question, now which recent poster, at least up until a week or so ago, does this guy sound like?

Strange...

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Post by AussieBoy » January 6, 2008, 3:04 pm

Yossarian wrote: If you can build a stick-built home in Thailand for 28USD for square foot that would be impressive. The only stick-built homes I've seen here look like the tree houses we used to build in the back yard when we were kids. .
High quality construction method, timber framed home, double glazed, tinted windows, fully insulated, cyclone rated to 200kph, standard fittings inside, low maintenance home built in udon current cost for building only to completion should average out at US$22 a square foot

http://www.udonmap.com/udonthaniforum/v ... 7&start=75

My kitchen budget is B35,000 including BBQ as the stove oven from Quickfire, 2 benches/ stainless and 1 pantry, with sink and fittings.

I could spend B200,000 just for the kitchen cupboards, but I like it simple and easy, my home is 70 mt2 more than enough for this little farang
Master Builder

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Post by gulfman » January 6, 2008, 4:13 pm

Yossarian, you quoted:

" And it's just not about the greatness of America but of western civilization. I would include most of Europe, especially the Netherlands, a very civilized country, in that as well. It is related to the subject because these are the things that make life worth living as opposed to just merely existing at the basest level possible to save a couple of bucks.

The Netherlands, for example, reminds me of Vincent van Gogh or the beautiful canals. Thailand reminds me of a bowl of plastic fruit."

Just so that I can put some weighting on your opinion, how many countries have you lived in (for comparison)? By lived, I mean been an official resident for two years or more?

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jackspratt
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Post by jackspratt » January 6, 2008, 4:14 pm

Yossarian wrote:I hate to break it to you but I think your friend just bought a lease on a nice 2 bedroom home on one rai of land. I don't care how good your lawyer is, he/she can't change the law. The most he/she can do is promise you a lawsuit against your Thai nominee.

If you can build a stick-built home in Thailand for 28USD for square foot that would be impressive. The only stick-built homes I've seen here look like the tree houses we used to build in the back yard when we were kids. The rest are concrete bunkers which remind me of the last days of the Third Reich. Not very pleasant memories.

Because Thailand is a developing country, labor is cheap so things that require a lot of labor (mostly services) are also cheap. Some things are more expensive in Thailand: cars are at least 30% more expensive; gas is probably a little more expensive here; baby strollers and coffee are twice as expensive; diapers are a little bit more expensive; foreign food.

Life isn't just about saving money though. Life is about pursuing your dreams and living a fulfilling life. Like the other guy was saying, if your dream is to live in a concrete bunker, drive around a Honda scooter everywhere, and eat som tom, barbecue chicken, and sticky rice every meal, than Thailand is a great place.

So maybe the shack in South Carolina is not as good as the concrete bunker in Udon Thani. How about value? In South Carolina, I can coach my son's soccer team without being arrested and deported for working without a work permit. In South Carolina, I can vote for the people who will represent my interests in government. In South Carolina, I can take a stroll with my wife in the evening without choking on diesel exhaust. Most importantly, in America, I can go almost anywhere and not be called a racial slur.

And it's just not about the greatness of America but of western civilization. I would include most of Europe, especially the Netherlands, a very civilized country, in that as well. It is related to the subject because these are the things that make life worth living as opposed to just merely existing at the basest level possible to save a couple of bucks.

The Netherlands, for example, reminds me of Vincent van Gogh or the beautiful canals. Thailand reminds me of a bowl of plastic fruit.
Yossarian, are you on the wrong forum by any chance?

This one is called UdonMap .com ie it is about Udon/Thailand.

Were you looking for SouthCarolinaMap .com when you stumbled upon here?

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LoveDaBlues
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Post by LoveDaBlues » January 6, 2008, 10:04 pm

Yossarian wrote:I hate to break it to you but I think your friend just bought a lease on a nice 2 bedroom home on one rai of land. I don't care how good your lawyer is, he/she can't change the law. The most he/she can do is promise you a lawsuit against your Thai nominee.

Thai nominee????? #-o My friend is 63 and has a 30 year lease (registered) and has possession of the owner's chanote (his wife). You think he'll make it past 93 lol. He's protected quite well. Besides, he's worth a minimum of 10 million USD so it's a drop in the bucket for him. Not everyone who choses to live in Thailand is broke as you seem to think.

You are right of course, a lawyer can't change the law. Why would anyone want to change a law that favors them? #-o My friend has a perfectly legal lease.


If you can build a stick-built home in Thailand for 28USD for square foot that would be impressive. The only stick-built homes I've seen here look like the tree houses we used to build in the back yard when we were kids. The rest are concrete bunkers which remind me of the last days of the Third Reich. Not very pleasant memories.

Very few people in Thailand build wooded-framed homes for obvious reasons. I'd never build one...... preferring to go with Smartblock. It's becoming more and more obvious you're just trolling.......most people here (farangs & Thai) build with brick....not concrete blocks. Have you every actually been to Thailand?

Because Thailand is a developing country, labor is cheap so things that require a lot of labor (mostly services) are also cheap. Some things are more expensive in Thailand: cars are at least 30% more expensive; gas is probably a little more expensive here; baby strollers and coffee are twice as expensive; diapers are a little bit more expensive; foreign food.

lol......a simple 20K baht conversion and a car can run on CNG....last time I looked 9 baht a liter. Much less expensive than the states. Yea that one-time purchase of a baby stroller is gonna bust my budget lol.

Life isn't just about saving money though. Life is about pursuing your dreams and living a fulfilling life. Like the other guy was saying, if your dream is to live in a concrete bunker, drive around a Honda scooter everywhere, and eat som tom, barbecue chicken, and sticky rice every meal, than Thailand is a great place.

My dream is to continue living as I am. A mix of Thai and Western food.....tacos today......maybe gapow guy tomorrow....yum yum......the next day a fine imported steak for less than $10 USD. I love driving my Honda Air Blade......when it's raining I'll take the Toyota Fortuner. Sticky rice? Yea I've 2 tons sacked up from our harvest this year on land I control (but somehow you think it can't be done lol). We had a good crop, (50 sacks X 80pds. per sack). I happen to like sticky rice, but I don't eat it at every meal......just like the other foods I like.

You're right, a fulfilling life is a wonderful thing; I'm so thankful mine is.


So maybe the shack in South Carolina is not as good as the concrete bunker in Udon Thani. How about value? In South Carolina, I can coach my son's soccer team without being arrested and deported for working without a work permit. In South Carolina, I can vote for the people who will represent my interests in government. In South Carolina, I can take a stroll with my wife in the evening without choking on diesel exhaust. Most importantly, in America, I can go almost anywhere and not be called a racial slur.

LOL......It's becoming obvious your knowledge of Thailand is based on the internet. I work here from time to time; never a problem. Heck this year I even worked the rice crop as we didn't have enough bodies lol. No, I don't have a WP. Politicans in America who give a sh_it about anything but staying on the public trough....maybe 10% my friend.......... don't be fooled anymore. I've never been called names in Thailand.....what are you talking about?

And it's just not about the greatness of America but of western civilization. I would include most of Europe, especially the Netherlands, a very civilized country, in that as well. It is related to the subject because these are the things that make life worth living as opposed to just merely existing at the basest level possible to save a couple of bucks.

You're painting everyone in Thailand with a broad brush. Sure I know some farangs here who pince baht (just like they pinced pennies in the states; it's their right to live the way they want)........but most of my friends here have active social lives and spend freely(golf, eating out, card games, traveling, etc.)

Greatness of America? In some areas yes.....such as the waistline.....biggest health problem in America is obesity......The Fattest Nation on Earth.


The Netherlands, for example, reminds me of Vincent van Gogh or the beautiful canals. Thailand reminds me of a bowl of plastic fruit.
Well, it's pretty obvious you've made up your mind about Thailand. Best you don't come here and stay in your South Carolina tract home in The Fattest Nation on Earth. I'll just keep my 51 year old arse in Thailand; being miserable in my air-con townhouse and having to find the will-power to stay away from the young Thai cuties..... :lol: :lol: :lol: (the wife would kill me lol)

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Post by Yossarian » January 7, 2008, 1:47 am

I can see that I've touched a raw nerve or two here and I certainly hope the South Carolina Department of Tourism is not logging on here (they'd never let me back.) I was just expressing my opinions about the subject of home values in Udon Thani. For me, the subject includes a discussion about the relative value of living in Thailand. I am not "trolling"; I sincerely hold the views I've expressed here. This is the internet so I suppose anyone can login and say anything they want without having to look you in the eye or prove it.

I've lived in Udon on and off over the years. I like Udon very much, it is really one of my favorite places in Thailand. Now, I am a student at a Thai university in Bangkok, which is not as nice.

There was a housing bubble in America and Europe from 2002 until about 2007. Just like in the stock market bubble of the 1990s, buyers bid-up home prices beyond their intrinsic value. The market is in the process of readjusting home prices to their more rational valuations as happened to most internet and technology stocks after 2000. This process takes longer in housing as it is a more illiquid asset. I think many of you perhaps bought or sold your homes during the bubble which is not a true reflection of your homes value. I think that we have to wait another 6 months to a year to see where prices settle back in the US and Europe. I think if you are basing your opinion on what the US housing market was during the bubble years, it is not a valid comparison.

I hear a lot of anti-American rhetoric on these boards, which has become quite fashionable. People have short memories. While they were in power, Ronald Reagan and Margaret Thatcher were deeply hated, especially in Western Europe. Yet, because of their sacrifices and policies, millions of people in Eastern Europe experience freedom and democracy and have even become members of the EU.

It is obvious from my posts that I think poorly of Thailand, its culture, and its people. When I first came to live here, the opposite was true. My opinion about Thailand is a result of having lived here for years and learned as much as I could about the country, culture, language, and people. The more I learned about it, the more I disliked it. Regardless of how long we live here, how many wives or children we have, or how much we assimilate into the culture, we will always be a "farang" to them, an outsider, a permanent tourist. Most of us are probably too drunk on women or beer to know or care one way or the other.

Is it real? Maybe. Or maybe it just proves the adage, familiarity breeds contempt. I think white foreigners who somehow feel "integrated" into Thai culture or "at home" here are just deluding themselves. It's OK to enjoy the women and beer, but don't confuse it with what's real. I don't necessarily look down on Thailand, etc. It's more that I see our cultures as being so different, opposite really, in so many fundamental ways as to make it inevitable that we would not get along.

At any rate, if you feel comfortable buying a house here and feel as though it is "home," then that is your experience and you really can't argue with someone's experience. I'm quite envious of white foreigners who can feel at home here but for me, I just can't knowing what I know.

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Post by new2udon » January 7, 2008, 8:33 am

Mate
Do yourself a favour and get out of thailand, your not enjoying it here by what I have read, so leave!, make the break, get out of your comfort zone that you have created in thailand, back into the big wide world again
:lol: :lol:

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