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Young home owner in Thailand forced to tighten belt as prices rise
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Mr Krit Raksajit knew it would be a strain on his monthly budget when he and his sister purchased a house in the suburbs of Bangkok about seven years ago.
ST PHOTO: TAN TAM MEI
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BANGKOK - At just 27, Mr Krit Raksajit owns a three-storey house in the suburbs of Bangkok. And while some might envy his position, the office administrator is in fact regretting his decision to purchase a home.
"The housing and renovation loan payments, they're soul sapping," said the young Thai, who spends more than a third of his 35,000 baht (S$1,360) salary paying off the mortgage each month.
