falang07

ED visa extended every 3 months = no 90-days reporting is done, confirmed by my school

Well, I was under the impression that at the land office you are supposed to sign a paper that the house is bought with the wife's money only and you have no interest in it whatsoever. Is this right? If so, no 50:50 then for you. So exactly the opposite of what you say.

Buying is the way to go as long as you have a stable relationship and don't invest more than you can afford to walk away from.

 

Everyone has a stable relationship when buying a house in the partner's name. Shit only happens years later. And since we are talking millions bahts in case of a house, having to walk away is always a pain, not just because of the lost money, but also because of the lost time spent with it. If no one buys under these conditions, they will be forced to change the laws eventually. Too many houses are built for ridiculous foreigner prices that no one else wants to buy.

my best advice is to rent and don't buy. buying is loosing proposition at best even if you can sell when you want to. renting eliminates all hassles including the need for getting a mortgage

Yes, it gives you the freedom to live in a house you don't like with furniture you don't like repairs you would like done that the landlord won't agree to. Then the freedom to move to another similarly unsuitable place. Buying is the way to go as long as you have a stable relationship and don't invest more than you can afford to walk away from.

I do not think so. I rent a brand new house than was empty (no furniture), so the price for rent is even cheaper (6000 baht per month, 2 floor house with a small garden). I bought my own furniture and feel happy. If I have to move, I just take the furniture with me. It means I just rent the walls with roof and land, very comfortable. Any damage to the house (like during a flooding) is not of my concern.

Impossible. If you do not board the return flight, it will be cancelled.

I have been there several times, and there were always lots of garbage on the beach and in the water, there is a large sewage pipe leading directly to the sea on the far right side of this only beach on the island, accommodation is of the backpacker style but not of the backpacker prices. There are many ships digging the sand around the island, and they are perhaps the reason for the dirty beaches (as well as the Thais eating on the beach). I suppose these ships dump all they garbage directly to the sea. Last time there was a big oil leak visible in the water during the trip by a ferry from Sri Racha. Sad but true.

If you are after a small dirty beach and overpriced tuk-tuks and accommodation (0 star shacks for 3 star prices), go for it.

yeah, freezing the prices = decrease the size of servings and the quality of food (like pork sausage containing all the leftovers, skin and lots of aroi-aroi chemical flavours instead of pure pork)

I suppose we are speaking about 10 million THB only

It is safe and will be, and unless you own a beach front land in Phuket this way, no one really cares since you pay the taxes, so the government is happy, too.

well, but I suppose for the 30 baht you get what you pay for, i.e. paracetamol for most problems

definitely not 30 kg, must be a fake brass then

It might have been a box jelly fish, too.

So to answer the question "How to safely invest 10 Mio. with fixed return?", be wise and split it over several banks.

Just do not forget what happened in Cyprus. If you keep a big amount in the bank, the rules can change overnight in case of a serious trouble and the guarantee that should have been lowered to 1 million in 2012 and was extended till 2016 can be suddenly changed anytime, and leave you with a worthless paper with the bank name on it. There are no rules for serious situations, so again, just learn from the real case that happened in Cyprus and keep in mind that no bank has more than about 10% of all deposits available for pay out, so in case real shit happens banks are safe only for small deposits.

"My hub (typical for Thai) don't want to upgrade (long time to wait) he just want to sell very cheap"

Well, not a very typical Thai, those that I know would rather wait a long time to sell very expensive

37 months is quite a long time, you can get around 3 % for 12 months in SCB

He's getting his interest monthly, why wait for 12 months?

The monthly interest is a ridiculous thing in this case. He must keep the money for 37 months in the bank otherwise the monthly interest would be taken away from him anyway. More of a marketing thing than a real advantage.

37 months is quite a long time, you can get around 3 % for 12 months in SCB

Keeping strong baht is not consistent with the government policies in case Thailand wants to stay competitive. And they need to export and sell for cheaper.

So we can agree that if one is 60+ years old, shorts might look strange but otherwise are perfectly fashionable.

I wear shorts all the time, and jeans only when going to the airport and fly home (only in Winter). I would be crazy to wear jeans in 35+ degrees.

So one can borrow money against a house title deed in farang name? Since when can a farang have his name on the deed? I doubt anyone would lend money against a usufruct so am I missing something?

And I am sure baht will go lower, it is inevitable.

Scanning the frequency is not enough to open a car, you must know the code. It means it is much easier to just jam a wider spectrum (which is generally known, these frequencies are allocated directly for this purpose) to prevent it being locked in the first place.

I would go on with option 2 and send dividends first to a personal account in Singapore, and keep it in there till the next year so that it could be sent to Thailand tax-free (no tax applies if funds are remitted to Thailand in the year following the year they were earned)