Having said that, I was happy renting various properties spanning 20 years in Jomtien/Pattaya during holidays, although decided to buy my own place a few years before retirement. I knew the lay-of-the-land well, knew exactly what type of environment I wanted after retirement, and had already been settled in a LTR with my Thai partner. So for me it made sense.
I purchased a condo in Bang Saray 2 years prior to retirement and spent the next few holidays


It's been 8 years since making the purchase and we've lived here in our humble abode for 6 years and couldn't be happier with our decision. I knew that Pattaya was imploding...saw the details regarding the EEC (Eastern Economic Corridor) investment impacting the eastern seaboard which encompasses Bang Saray...and decided to buy when the condo prices in Bang Saray were still low.
Drawbacks for me regarding renting include the fact that the building owners almost always charge double what the electric company does for monthly electric charges. This never set well with me. Now I pay the actual meter reading directly to th electric company which costs about half what I was paying as a renter.
Also, renting in a building filled with other renters means the environment is constantly changing...including times when the noise level goes up. This isn't my cup of tea either. Last, but not last, is the fact that it's easier to manage my budget having only one condo maintenance fee to pay each year versus monthly rental charges which can be raised at the owners whim. Also not my cup of tea.
Lots to consider...but renting, at least temporarily, provides a lot more flexibility for the newcomer which is recommended.