Leaving Chaos and Coming to Paradise
In June 2012, I will be cutting off the last ties to homes I have had in the US, and making my Thailand house my only home. My last piece of property in California is about to be rented out, and then will be sold. It is pretty much out of my hands completely now. A big change in my life.
Here is my house which is located near San Francisco, California:
This area was once one of the more expensive housing areas of the US. Back in 2005, this house was appraised at a value of $718,000(US) (that’s 22.25 M Baht). In 2012, the value of the house has been appraised at $385,000(US) (that’s 11.935 M Baht). The collapsing American economy has wiped out almost half of this house’s value in 7 years — and the wiser economists are saying it ain’t over yet. Property taxes to the local government on this house is $4000(US) (124,000 Baht) per year. That huge loss in the value of this house over the last 7 years was given entirely to me, the homeowner, wiping out perceived money that could have supported me for many years. The banks that held and transferred the loan to unknown financial entities (without even paying the meager transfer tax) will not be taking any of that loss. They don’t share that risk.
Another US Housing Collapse on the way?: From Business Insider – 30 May 2012 KEITH JUROW: Prepare For The Coming Housing Collapse
Ah, but now it is time to completely forget the past, and look at the present and future in my life — making my Thai house my only house. This house was built for us in 2007 and sits in a nice gated community about a 15 minute drive from central Chiang Mai.
My House in Chiang Mai, Thailand
The cost of this house was $96,775 (US) (3M Baht). It is larger and more modern than our California house and there is no property tax. There is also no loan, no bank, no financial hassles of any kind related to this house. Our community has a huge swimming pool, tennis courts and other recreation, along with security guards at the gate, with home owner association dues less than $20 (US) per month.