Affordable Housing

onewaypockets · Apr 16, 2004

Quote from Maverick74:

No, I am running numbers in my head and they are adding up very nicely. Let's say you put 4 guys to a room. Yes, I know it's very college like but hey, this is about male bonding right?

Sounds good for Error...but what about the guys. They will want to drag home some of that "Thai eye candy" he has talked about. How can they get some action going when the bunk beds are stacked triple high...and all those other guys hanging out???

spect8or · Apr 17, 2004

Quote from Maverick74:

No, I am running numbers in my head and they are adding up very nicely. Let me work through the math on here now. Let's take a 4 bedroom/4 bath house. It doesn't need to be on the ocean, it can be on the canal. Let's say you put 4 guys to a room. Yes, I know it's very college like but hey, this is about male bonding right? So you have 4 guys to a room and each room has a bathroom. Now, let say you charged $30 a day. So that would be $900 a month per person. Now you can put 16 people at one time in this house lets say. Let's round it up to $33 so say $1000 a month per person. Now keep in mind I am assuming 100% occupancy. So in theory, you could take in 16k a month right? Now on avg, for every 100k in house, it cost about $800 in mortgage payment. So for 16k a month you could buy a home worth about 2 million. It's actually a little less then that because interest is factored into that 800 number but you get the idea. Now a 1.5 million to 2 million dollar home is pretty nice. But you don't even need a home that nice. I mean come on, for 800k to a million you can get a pretty sweet house. So that leaves you with 8k a month in mortgage payments and your taking in 16k a month in cash flow. Now you have to add in utilities and other things on the side like the broadband stuff but that won't be that much.

Now think about this, you can also provide other products and services and mark them up as well i.e providing a fully stocked kitchen, beer, wave runner rentals, etc. Or you can just have everyone pay for whatever they want on their own. But there certainly is enough extra money to not only make a profit each month but to have a pretty valuable asset appreciating for you. I don't know, it looks pretty attractive. I think a lot of guys would do it just to get the chance to get away for a day or week or whatever, meet other traders, unwind, maybe even see how other guys trade and learn a thing or two.

As far as me trading prop, I trade with a professional firm right now and have a great setup. I don't trade futures, just equity options and the underlying. I have all my licenses too.

Now there's a killer business plan if I've ever seen one. I can just picture the bank manager reading through this one thinking, "hmm... yes....yes.....this one's lookin' good....four guys to a room,... hey, that's sweet, cos I mean, shit, I know all I ever wanted to do was shack up with 15 other guys in a four bedroom house....there's a formula for 100% occupancy... this one's a shoe in..."

Error 404 · Apr 17, 2004

Quote from spect8or:

Now there's a killer business plan if I've ever seen one. I can just picture the bank manager reading through this one thinking,

Dan, so much knowledge in that little head, it is overwhelming. Bank manager? For what? You think Americans can buy a home in Thailand with a mortgage??? Guess again.

Quote from onewaypockets:

Sounds good for Error...but what about the guys. They will want to drag home some of that "Thai eye candy" he has talked about. How can they get some action going when the bunk beds are stacked triple high...and all those other guys hanging out???

LOL....that was Mav's plan, not mine. I would never consider having more than one person in a room. If we do the four bedroom home, (most likely...the 5 bedroom is almost twice the price) we would set up an office and be open to having two (possibly three) tenants.

The amount of time either myself or my partner need to be in the area is very limited. If I had the house full of tenants, I would take a hotel room for myself if I needed. I see no reason to ever be there for more than a week until both my wife an I are retired.

I don't want a "crash pad". I wouldn't want anyone who did not want to commit to at least three or four months.

We see this as just a (possibly) good investment. If we can get some cash flow out of it, all the better.

MAX....I would give you a special rate. As a matter of fact, since you know so much about everything, you can be the custodian and live there for free. Just mow the lawn, fix the plumbing, be the IT guy.....hell, I will even buy a Tuk-Tuk for your own personal use. All you would need to do with it is pick me up at the airport two or three times a year. The only thing I would want from you would be a promise to wear a tool belt and look the part.

Peace,

RS

max401 · Apr 17, 2004

Quote from Error 404:

All you would need to do with it is pick me up at the airport two or three times a year.

Oh, puhleeze, RS7, everyone on ET knows that you don't lower yourself to be driven, you take the chopper in.

spect8or · Apr 17, 2004

Quote from Error 404:

Dan, so much knowledge in that little head, it is overwhelming. Bank manager? For what? You think Americans can buy a home in Thailand with a mortgage??? Guess again.

It was Mav who brought up the mortgage payments. Besides, I didn't think he was referring to Thailand, speaking of $2MM homes and all.

ps -- you don't have to like me (I certainly don't like you, much), but do you think you could reply to a post of mine without making references to my knowledge level (or social ability, or likelihood of raising a family...you know, your usual act)? Even in that adorable 'uncle rs7' tone? Thanks.

onewaypockets · Apr 17, 2004

does the house have a nice deck like this one?

spect8or · Apr 17, 2004

Quote from Error 404:

We see this as just a (possibly) good investment. If we can get some cash flow out of it, all the better.

Well, without cashflow I have a hard time calling something a 'good investment', unless you're buying it 'below market'. Anything else is more or less 'buy and hoping'. (Nothing inherently 'wrong' with that, it's just not 'investment', in my book.)

Then again, there's probably good reason to be hopeful. The World Tourism Organization is forecasting 7% annual average growth in tourism to Thailand to 2020 (37million visitors a year!), and something above that for the 'Mekong countries'.

spect8or · Apr 17, 2004

Quote from onewaypockets:

does the house have a nice deck like this one?

Nah. Even though I've had a few (heaps were I lived), Asian chicks don't really do it for me.

Error 404 · Apr 18, 2004

Quote from max401:

Oh, puhleeze, RS7, everyone on ET knows that you don't lower yourself to be driven, you take the chopper in.

Yes, all both times in my life I was on a commuter helicopter I really liked it. Only way to fly! LOL

Quote from spect8or:

ps -- you don't have to like me (I certainly don't like you, much),

Do you "like" anyone? Seriously, do you?

Is it my imagination, or have you or have you not stated on numerous occasions on these very pages that your main intention of participating in ET is to annoy and offend? That you are proud of your natural ability to do so?

Peace guys,
RS

BlueHorseshoe · Apr 18, 2004

Just my two cents. I've been living and travelling in Asia for several years now and been to many places that most here wouldn't even think of going.

Make no mistake. ChiangMai, for the adventurous soul, is one terrific slice of heaven. And I'm not talking about the women. Even for the monogamous male or family, it is a beautiful, laid back place to LIVE.