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

The Bangkok Podcast

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11M ago 30:26

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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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