Real Estate Abroad Bubbles Bursting in Thailand

Asiabill from has written 260 comments

If the real estate values are a "bubble" here on Boracay Island we're being rewarded in the last 9 months having sold 12 out of 15 hill top lots. But I think when real estate is paid for in cash without bank loans or mortgages the "bubble" description or analysis doesn't apply as much. During the last 2 months we have bought two more Manila properties, one 4 bedroom townhouse unit and one studio condo unit for such "deals" we couldn't refuse. Last year as well, here on Boracay we bought two more properties. If investors followed common sense like the old fashioned wisdom of America's founders, "never a borrower nor a lender be" they can prosper beyond their wildest dreams.