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RE: Spotting Dodgy Real Estate in Thailand: My Take on a Sketchy Development
Turns out, the owner is Chinese, and suddenly, it all clicked.
This explains a lot and you next sentence tops it.
but I've got a gut feeling these houses are a front for laundering dirty money.
Could be but even so, you can do a way better job with more profit as these buildings serve no good purpose, no one with healthy standards is going to rent or buy them. The other problem is, in a year or two, all of them would need renovation and then what?
At first glance, the architecture from outside looks interesting, but who in their right mind would move there, to have zero privacy and listen to noise, swallow dust and burnt diesel all day?
Plus WTF is this?
0E-8 CASHMAP
They were asking about $300 per day, multiplied by about 20 houses, and multiplied by 30 days = $180,000. That's $2,160,000 per year. Two years is enough to spend almost $5 million. The houses are thin concrete walls and combo wood, so the cost price is low and they can be sold at cost. I think that's the scheme, but I don't understand it very well. ))
I didn't quite understand what you meant. This is one of the rooms in this house))
!PIZZA
I understand it's a room, but a bedroom with a bathroom sink and no door to the bathroom? šÆ
What is that?
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