KhunHeineken

That's my understanding, provided it's actually left to him. There have been cases where the Thai wife's kids have evicted the foreigner, despite him paying for the land and the house.

Thailand property market facing its worst slump in nearly 30 years. Plenty or articles similar to the one below. It's not just about the foreign ownership of property in Thailand law, it's also about Thai property is simply not a good "investment" and I use the word investment loosely. nationthailandThai Property Market Faces Worst Slowdown in Nearly 30 YearsThailand’s real estate market faces its worst slump since the 1997 crisis, with over 400,000 unsold condos. High debt and rising interest rates hamper recovery."Thailand’s real estate market faces its worst slump since the 1997 crisis, with over 400,000 unsold condos. High debt and rising interest rates hamper recovery."

Does it float in mid air???? Who owns the land it "floats" over? 😂 Remember, the x 30 x 30 is a scam. It's not enforceable at Thai law.

So they have absconded with the money. Glad we cleared that up. So, the advice is, NEVER buy off the plan here.

The question really should be, "Why do people think they actually own the property?" 😂 If you divide the price of a new car by the cost of your average Bolt ride to and from your regular places, such as bars, restaurants, shopping centers etc, it would probably end up being over 10,000 journeys, and no taxes, fees, gasoline, insurance, and maintenance to pay for, not to mention the risk of being in a serious accident, in which the farang is always at fault. Well, that's a difficult question, but I'll try to answer it for you. Your wife owns it, not you. I think that covers it. 😂

Like I said, unless it's changed, which I doubt, it was $4,500AUD required.

I think you missed something. It's about transparency. It's a 53% increase. That's not due to inflation. That's a money grab. Let's have a look at your, "12 bucks" and "Big Mac" comparison. I just did a random flight scenario for Bangkok to Ho Chi Minh City for mid June, one way, with Vietjet. 1,927 baht was the cheapest flight of the day. 1.230 baht - 730 baht = 390 baht. That increase of 390 baht is 20% of the cost of that flight at 1,927 baht. What are the passengers getting for that extra 20%???? Will people pay it, yes. Am I complaining about it, no. I just see it for what it is. Just another Thai money grab, this time hidden in an air ticket. Tourism go down, put price up.

You missed my point. I merely suggested that the 30 day "free" visa exemption stamp is not "free" and in fact, getting more expensive. I have flown to Cambodia many times, as well as overland. I have not been to the new airport yet. My point is about transparency. You do know it's about a 53% increase. That's hardly an increase to keep pace with inflation. Passenger Services hasn't gone up 53%. It's a money grab. It's probably to bail out Thai Airways when they go broke again. 😂

Yes. There will be vacant commercial premises everywhere, including hotels, that will be no longer viable to run. The problem for expats is, it's the tourism that gives us the variety of restaurants, bars, flights, entertainment, activities, golf courses, shopping centers etc. We will lose that variety and choice if Thailand does not have a thriving tourism industry. We can joke about it now, but in 10 years time, Thai hookers very well may go to Vietnam to work in the tourist areas, in the same way the Russians, Africans, Uzbek's etc work the coconut bars here. One thing in for sure, no longer can the Thai's sit back and do nothing. The stats show a downward spiral.

It could be a methanol drink poisoning cover up. Not so long ago 6 young foreigners died in Vang Vieng from drinking methanol. I brought a lot of bad publicity on Laos. and some people were charged. Perhaps they are covering this one up.

1,120 baht is around $35.50USD. A Cambodia eVisa is $36USD. A Vietnam eVisa is $25USD. All they are doing is hiding a visa fee inside an air ticket.

No. That's Elon Musk's weekend getaway. 🙂

So, you can go to Australia with no money in your bank account. Really? Last I heard it was $4500AUD needed.

Can you name a couple of battles Thailand won? For the record, Vietnam won that war. 🙂

Well, in many countries, a foreigner can actually own the property, but not in Thailand. 😂 Amen. 🙂

Thai Economics 101 - Money go down, put price up.

If they loaned him $120,000USD to buy a bar, and he didn't repay, what's the difference?

You mean, like, Chinese and Indians? I don't see them buying cannabis in the shops. 🙂 The bars / brothels are often run by foreigners. What's your point? Thailand, a family resort. Really? Thailand is "The World's Brothel." In what way would it be better for everyone?

Viagra. 🙂

Some erratic behavior can be contributed to cannabis use, most likely mixed with alcohol, but blaming cannabis fuse or every bizarre incident in Thailand is a long bow to draw. Now, how about all those drunk riders / drivers that kill themselves or innocent people, all across Thailand????

Why would one want to own a property here? You don't really own it anyway. 🙂

Ahhhh, the old, "rent is dead money" theory. It's not true in Thailand. In Thailand, buying is dead money. 🙂 Renting leaves the purchase price of the condo back in your home country, earning 5% interest, or more, which more than covers the rent on the exact same condo that you are renting, which is for sale. 🙂

So, no developers have absconded with off the plan money from purchasers in Thailand. Really?

I agree, and this is exactly why I don't buy property in Thailand. We all just have a visa, which is not a right to reside here. It can be revoked at any time, or the goal posts changed in order to get it. I accept others feel differently, but without a reasonable pathway to PR or citizenship, I have got nothing I can't walk away from in Thailand. This is by design.

As posted, I've only been asked once, and I wasn't drunk or looking like a backpacker. All I could do was pull out my ATM card and he just stamped me through. He may have been inexperienced. Once clearing immigration, I went to the Kasikorn Bank ATM and pulled out cash with my Kasikorn ATM card, whilst waiting for my luggage.