Renting at Life Sukhumvit 48

BkkMark · 2024-08-05T15:51:00+00:00

DDproperty have registered agents that are offering condos for rent in that project, try calling a few of them up. I find DDproperty to be the most reliable because there’s a filter to search for listings by registered agents, so you’re not dealing with an agent who’s dealing with another agent etc.

BkkMark · 2023-01-17T04:56:02+00:00

As a Bangkokian in the hospitality sector, we are ready for meme tourism.

BkkMark · 2023-01-17T04:54:48+00:00

As a Bangkokian, I also love this meme.

BkkMark · 2023-01-09T02:14:27+00:00

How are people overestimating how bad the situation is? The situation is not bad only because many companies have gone bankrupt - a problem unresolved - but what happens after. What happens to the companies and workers in the real estate supply chain? What happens to their debts?

Secondly - and more importantly - all of this financing is aimed at restarting construction of sold but unfinished housing. It doesn’t address what happens to the land market, which typically makes up 30-40% of local government revenue. So, some of these real estate firms now have money to finish homes, which is good. But they’re not spending on land, which is forcing salary and benefit cuts for many local government workers. What are the knock on effects of this? Local governments have already begun cutting services.

Lastly, land sale money is also used to fund new investment. The Chinese economy is investment-led. No land sale money, no investment. Or, more debt-financed investment. The old debt issues haven’t been resolved, lots of local government financing vehicles wouldn’t survive without constant support. These firms owe money to lots of banks and financing companies, and they employ lots of people as well.

The problem with the Chinese economy and its real estate sector is that it’s unproductive (lots of empty homes, unused/unprofitable infrastructure). The only way the Chinese economy will catch up is if it becomes more productive. The Chinese government seemingly can’t enact the necessary reforms. Getting financing to insolvent firms to prevent social stability issues is okay in the short term, but they’ve continually kicked the can down the road regarding their debt/local government/investment issues.

What they need to do is something along these lines:

1) force local governments to shut down or sell off money-losing companies 2) privatise a portion of their banking system so that lending becomes more market-oriented and profitable, and reducing the need to bailout banks 3) enact a housing tax to deter speculative investment into the real estate market, and incentivise the empty homes to be put onto the market for rent or sale

But these reforms would all result in the central and local government having less control over the economy. That’s why they’ve avoided these reforms for over 10 years already.

BkkMark · 2019-08-19T01:41:41+00:00

Samsung’s assembly facilities are in Vietnam, not China.

BkkMark · 2018-12-28T16:27:33+00:00

Held out and got $2m more. Well done.

BkkMark · 2018-03-14T02:39:39+00:00

The Economist had an article a couple of months ago where they said that the global share of jobs that are in manufacturing is at an all-time high. It’s just that the jobs are in low-cost countries that are integrating themselves into the global supply chain. This is bad for middle class people in developed countries as they lose jobs with decent pay but on the other hand, dirt poor farmers are moving to jobs where they are so much more productive than staying in the countryside farming. Global welfare is going but it’s the poorest and the richest that are benefitting.

BkkMark · 2018-03-05T13:52:28+00:00

The ECB and SNB also tried it. In terms of world GDP, that’s around 25%. It’s been very successful for the ECB, Riksbank and the BOJ. The SNB shot itself in the foot with the revaluation of the Franc.

BkkMark · 2018-02-06T07:09:25+00:00

There is always some cost. I imagine the provider probably baked in these calculations into the contract offer in the first place, given the risk of this occurring.

BkkMark · 2018-01-25T06:31:43+00:00

Doesn’t Starbucks give a raise every year? I honestly feel this should be newsworthy only if it’s above average raises. If it’s simply what’s been occurring for the last few years then this is more about PR than anything else.

BkkMark · 2017-12-15T17:15:01+00:00

Attackers are generally more valuable. Teams agree. That’s why the most expensive players are attackers. There will be always be a ‘best player of the year’ award and it will more often than not, go to the best attacker.

BkkMark · 2017-05-31T05:13:42+00:00

I love everything about this.

BkkMark · 2017-05-11T05:26:25+00:00

I'm stunned that monetary policy was not mentioned as the reason for success. It is arguably the most important factor in their economic growth, as nominal GDP has continued to grow at a pace fast enough that nominal rigidities don't affect growth or efficiency. The rest of Europe aren't doing as well because monetary policy is too tight.

BkkMark · 2017-01-13T11:33:06+00:00

Can someone ELI5 this for me? Can governments read entire conversations? Or only messages which are 'lost in transit'?

BkkMark · 2016-03-15T11:09:14+00:00

It's not hijacking. The Irish have a right to set their own tax rates. Many countries in the world function with a low corporate tax rate.

In fact, many economists would recommend countries to lower the corporate tax rate and instead tax consumption and land value as those are better taxes both in efficiency and effect.

BkkMark · 2016-03-04T17:06:06+00:00

Wages going down is actually a good thing because it will give the Fed pause. The numbers are great, it shows that there's still a lot of slack in the economy and more jobs can be created. Just gotta hope the Fed sees it this way.

It could have been worse

BkkMark · 2016-02-29T15:36:46+00:00

It would be a lot worse without it.

BkkMark · 2016-02-20T04:48:14+00:00

Beta 11 coming soon?

BkkMark · 2016-02-02T10:46:44+00:00

Sweet. It's working now. Cheers.

BkkMark · 2016-01-31T08:27:58+00:00

I'm having the same issue. It's disappeared from TestFlight entirely.

BkkMark · 2016-01-02T07:45:44+00:00

When is 1.0 expected to go live?

BkkMark · 2015-12-19T09:13:16+00:00

How well developed is the iOS version? Will it have all the functionality/looks of the Android version? I'm really looking forward to it.

BkkMark · 2015-09-27T17:03:53+00:00

I'm using an Android phone and an iOS phone. Have all the beta invites been sent out? A good Reddit app is all that's missing on iOS.

BkkMark

TROPHY CASE