Arsenio's Business English Podcast | Investment | Market Analysis
The condo market here in Thailand is a MASSIVE bubble. Because developers are buying out the land and building condos everywhere, the majority of these condos are probably at 10-30% occupancy. So, what happens is there will be around 10-30% Thais living in them and the rest of the tenants will be foreigners, most notably Chinese.
Now, this isn't bad, but considering that there will be 2 economies within one country (Thai and Chinese), not only is the bubble going to burst, but a takeover of this country could potentially loom. Tune in!
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