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khunPer

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Everything posted by khunPer

  1. When you contribute the agreed fee in your area, police will come by and check that the property looks like are in good order, within an agreed schedule, often once per day. There should be a little book or slip in the box, which police signs with date, time and name/signature when checking, so you can see they have been there.
  2. The very cheap ones are, as you experienced, not very good. I have for several years used a 70mai dashcam I bought online from Lazada or Shopee... Present online prices are between little more than 2,000 baht and up to almost 4,000 baht.
  3. Yes, that the one shown in my photo above...👍
  4. To be honest, I presume that her father has already told her what she solely will decide – but that is of course purely my own speculation...
  5. Yep, the rent is normally based on the construction price, which is the invested capital to pay interest from or gain interest from. Resale price is normally announced with a profit and often ends a bit lower. An actual example is my neighbour's construction of a villa for initial 25 million baht on a land-plot he bought for 9 million baht. It was offered for 69 million baht as asking price after 8 years ownership – double up of 34 million baht – and ended up being sold for 50 million baht. Trying to sell property at double up, or more, as announced price is quite normal. There will normally be an agent commission of 3% to be paid plus income tax of the sales price, depending on ownership time, and if the property has been used as primary home. Some resale prices are however so high that the property is not sold. The villa mentioned here has been up for sale again for a while, the new asking price $2.5 million As mentioned before, the example of my next door neighbour's 2-bed rental house, the long term rent is 60,000 baht per month. The house construction was little less than 3 million baht, not including the tiny 180 square meters land-plot under it, which at construction time, based on similar land would be in the value of 4 million baht – a 270 square meters plot almost besides it was sold for 5.5 million baht – all together an initial value of 9 million baht. So, 8% fits well to 60,000 baht per month for long term rent. However, that house is also for sale now for 25 million baht – 20 million baht, if the renter wish to buy it – the owner is dreaming of a nice profit for a 15 years old house.
  6. The condo examples shown for Bangkok are indeed for long term if you check: Term of reservation : -1 year personal contract -3 months deposit -1 month rental in advance Also my mentioned next door neighbours house, which has been rented out for years, and I furthermore have an acquaintance that rents a condo here for 70k baht a month on long term...😉
  7. Bangkok, for example... Source link HERE. Or Koh Samui, where it's easy to find a condo for 70k+ baht a month. And when looking at houses the prices are even higher, I snapped a photo – among others – of this 3-bed bargain the other day when passing a local real estate agent... My next door neighbour rents their small 2-bed pool-villa out for 60k baht per month on long term Covid-bargain agreement, for short term monthly basis the price was 125k baht. The house – excluding the land under it, which is only 180 square meters – only costed them little less than 3 million baht to build 15 years ago. If you think about interest as 6% – no matter if it's mortgage or interest gain from you own investment, like some condo-agents offer a 6% return when when the condo you invest in is rented out – 8%-10% in rent makes excellent sense...👍
  8. On long term – like 15+ years – owning is better than renting, as a rent is based on a percentage of the property's value, often between 8% and 12%. Capital gain adjusted for inflation during owning-period might not be high in Thailand – of course depending on location and condition of the apartment building – perhaps one shall just be happy not to lose anything.
  9. Apple Outlets: Studio 7, which has retail shops in both Lotus's BoPhut/Chaweng and 2nd floor in Central Festival; Banana, which has retail in Lotus's BoPhut/Chaweng and a larger shop just outside by the road to Thai International Hospital and the beach; Power Buy in Central Festival on ground floor.
  10. You are probably right...👍
  11. Foreigners can own a condo within the 49% allotment, both single and married to a Thai. Foreigners can own a building/house/villa, but not the land under it. If the building is not separated from land during construction, it cannot be separated later. A new built house can have foreign ownership, but needs a superficies or similar permission, and building permit issued to the foreigner. Being married to a Thai don't gives the foreign spouse any benefits in owning land in Thailand. The only way to own up to 1 rai of land – a rai equals 1,600 square meters – is to get an investor visa, and invest 40 million baht in pre-assigned possibilities. According to recent media story, this has solution has so far been used by little less that 10 foreigners. Apart for having land in a Thai-spouse's name, some also use the so-called company limited method to own land. Having land in a spouse's name, you can make a registered agreement for usufruct (use of the fruits of the land), or superficies (permission to build on the land), or habitation (rights to live in the property). However, be aware that any agreement made between husband and wife can be terminated upon divorce. Agreements like above should be made with the previous owner before the land is transferred to a Thai spouse. Mortgage is to my knowledge possible up to 50% of the valuation of the property (I don't use it myself, so no direct experience). It's the owner – i.e., Thai national or juristic person – that can have a mortgage. As foreigner you might be able to get a mortgage in a building; I know about of some construction companies that offered some level of mortgage when building a house – my foreign lawyer, partner in a Thai law firm, used mortgage, when building his villa – but I don't know any details.
  12. Casinos seems not to become tourism attraction; however, Casinos might save some currency outflow from Thailand to Cambodia...
  13. Cruise-tourist is not a good solution. The stay only for one day, not sleeping on the island, they even have their dinner on the cruise ship when they continue. When a big cruise ships arrives, the local traffic collapse, and locals and ordinary tourist have a hard time to find transportation, as all is used for the cruise on that particular day. A better solution would be to improve quality tourism – which is already an ongoing process in itself with expensive airfares and the highest concentration in the nation of luxury hotels – tourists that stays for several days and spend money on the island, including accommodation, meals and sightseeing tours. The islands infrastructure can't handle mass tourism and there is not much space left to improve infrastructure to mass tourism-level, like for example space for a second road around the island.
  14. Yes, if you repeat being a snowbird with a total stay for more 180+ days within a calendar year.
  15. I've been here permanently since 2006. And yes, of course I think about the annual extensions of stay, required documents, remembering 90-days address reports etc.; but keeping a good routine – like having the retirement deposit in a stable 12-months fixed account, and marking 90-days reports in my tabletop calendar with a pencil – makes it to overcome. Always look at bright side on life: If I check what is needed to stay in many other countries, including my Scandinavian home country, Thailand is fairly easy and still got too many benefits, compared to consider returning home...
  16. The 180-days rule is for a tax-year; i.e., calendar year: "If a person resides in Thailand for 180 days or more during the tax calendar year, that person is taxed for income from that year. As of January 1, 2024 onwards, this income is subject to tax." Source link HERE. So, it's depending of when you enters Thailand and when you leave. Income tax is calculated per tax-year, the same as many other countries. Being snowbird from the Northern hemisphere should not enforce income tax, as a stay will be split over two tax-years. However, we still lack details about how the new income-tax of long-stay foreigners will be performed.
  17. Yes, continue to scroll down, or ignore Facebook.
  18. Depending of what you mean by "season", as the Gulf-side has Northeast Monsoon, which begins in October and lasts till around January. Phi Phi and Phuket has Southwest Monsoon.
  19. As stated ... As always, check with the local office, what the wish; there are differences. Yellow book helps getting an address letter from immigration, yes; but you might still need that letter, yellow book or not, and still get that letter without a yellow book. TM30 is an important part, also if you have a yellow book.
  20. The "no one dares"-part, could that be because nobody trust him...
  21. Depending on the local Land Transport Office, some offices still want an LOR even you have a Yellow House Book.
  22. Yes, it helps, but is not needed. Some Land Transport Offices still claims a letter from Immigration when having a Yellow House Book.
  23. When you pay "coffee fees" you should know that you are into bribe, which is illegal...
  24. I'm replying to the questions in opening post, "Mixed kid living in Thailand", which is also what I quoted...😉
  25. Why do you talk about Yellow House Book and Pink ID-car, the thread is about car-registration and you don't need that as foreigner, to register a car.
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