Thailand1977

Unless the plod of BKK have turned over a new leaf, just dont take anything they can charge you with.

Thailand sends many a little loopy for a while, he's just another .. or he was abducted by aliens.

That should be "live a life off the rest of us"

http://www.telegraph.co.uk/finance/personalfinance/pensions/10039357/Pay-no-tax-live-abroad...-and-get-a-UK-pension.html

It would seem the wives of the boomer generation who have never lived in the UK will no longer be able to live a life of the rest of us.

Wonderful news i am sure every British person with an ounce of morality will agree.

The fact they do in the first place shows why us Brits complain about the system being utterly destroyed.

If you cant afford to fund someone after you're gone don't expect us in Blighty too!

If local coppers beat away supporters with batons the country gets kicked out of European competitions.

Given the choice I wonder which that age group would favour most, inheriting the accumulated welath of their parents or popping the housing buble and inheriting nothing, perhaps the complainers are simply people with poor parents, dunno.

Well, one thing sure - it wont be their choice. It will be some f-tard bankers option.

If the bubble was allowed to pop in 2005, younger persons inheritence would be looking pretty decent a decade down the line. The current state of suspended animation only serves the wealthy and powerful. Larceny and fraud on a monumental.scale. Read Sheila Bairs book, listen to Liz Warren.

Seems to me the +55 crowd, really 60 up have had it really, really good in retrospect. Theyve enjoyed the best economies, pensions, low stress work environments and not subjected to a host of draconian work environment nonsense. Working class people could have simply lived in the same home, saved in govt fixed income and retired comfortably. They suck at the teet of govt and military pensions and healthcare.

What is worse is that the older cannot seem to screw the young people hard enough or fast enough. Look at the US congress or... Cypress.

The <55 crowd has been completely blindsided, now living in a new world order not only economically but socially - politically.

Older people moaning about needing more. Please! The baby boomers ruined the world and are continuing to do so.

Im just trying to run as far and as fast from the aftermath as I can.

Baby boomers - a generation of takers, schemers and fraudsters.

When I was growing up it was normal to work hard, get married, buy a house and raise a family, eventually if we worked hard enough we would be able to pay off our mortgage and then retire on the proceeds of the various pension plans that we had paid into for forty years. That was the model I followed and I know many many other people did also, but then along comes a small group of people who say, you, you're a boomer, you were born between years X & Y so you are responsible for the woes of the younger generation, stop making excuses, get a life and get real, I say!

You didnt have unlimited un/semiskilled immigration to destroy your wages, globalisation and offshoring jobs by the millions, the green belt and NIMBY &lt;deleted&gt; who are against building anything from schools, solar energy plants, small housing estates etc..

You had free university education, plenty of decent jobs ... and you didnt have a government who will spend a trillion pound or 2 propping up failed banks and failed property investors like yourself.

But also some of that 2 trillion is to pay for unaffordable final salary public sector pensions your age group are currently scamming.

You also had huge wage inflation to pay the mortgage off, if you kept your job things couldnt have been easier.

If property was to the same wage ratio now as it was when you were young, id have 1.5 decent houses, at present im about 3/4 of the way to saving up for an ex council house! Oh yes ex council houses were given to your generation for next to nothing.

PS Do you fancy coming to do a 15 hour day door to door in the middle east and climbing around some badly built refinery?, or get onto a oil rig in the North Sea and do 12 hour days, or how about working everyday for 6 weeks in Saudi? Id love to get a life but im too busy working and saving to buy somewhere to live and give a free handout to a "hard working" boomer.

You havent got a clue.

Given the choice I wonder which that age group would favour most, inheriting the accumulated welath of their parents or popping the housing buble and inheriting nothing, perhaps the complainers are simply people with poor parents, dunno.

Yes my parents have got &lt;deleted&gt; all other than a small house for a lifetimes work, i am really ashamed of having poor parents.

Yes im just dying for them to pop off so i can inherit their slave box and share it with my siblings, youre bang on there id sooner 50K then my parents.

Anyway My father had 3 kids who didnt need to travel 6000 miles to get laid, despite your families wealth and superiority thats something your parents cant say.

PS I dont need to inherit a penny off anyone, or need the taxpayer to fund my lifestyle by propping up assets, thats also something you cant say.

For genius capitalists you lot do seem to need the state to make wealth .... I DONT!

^^^^, as I look back over the years, two things stick out, my student days, and the UK property market of the late '80s early '90s, cash is king.

I remember people throwing the house keys through the letter boxes and walking away, shafted when interest rates almost doubled overnight, driven by an arrogant UK chancellor who tried to keep parity with the DM or ERM.

I have mentioned on here before, the first house I bought cost 3 times the average wage for the area, the same house now has quadrupled in value and will now cost 7 times the average wage for the area.

I dont look at snapshots in time, I tend to take a long term view, say 15 or 20 years down the road and average out house prices over that period.

How many are going to be left behind?

Its a generation of under 40s who now have to pay 6-7 times the average wage, so only many millions have been left behind.

Their vote will be fought for and the current predicament of propping up bubble prices will end, or the markets will eventually do something about it. Socialism only works for so long.

Or is British labour going to compete with the rest of the world who have let the bubbles burst with the highest property prices in the developed world, thus making their pay packets needing to be higher .... I don't think so!

This is Thaivisa where the most financially savvy people on the planet who only ever make profitable investment congregate .... no doubt someone will be along in a moment to give you a minimum 25%PA growth tip.

Bring it on, my next house in the UK just got cheaper.

Post #7,

Also, put your money into assets that are more likely to rise with

inflation. I think property is a good bet at the moment, especially in

the UK and USA.

Me too, hence my intent to buy another property in the Uk this summer, anyone got any better ideas, I am all ears.

IMHO Property maybe OK if you're in it for the long haul, ie 20 years, as it used to be, but with QE and 0.5% interest rates for almost 5 years along with First Buy and the endless other govt props prices have stagnated or dropped in all parts of Britain except certain parts of the South.

What happens when one of these props is no longer viable?

Also its an illiquid asset that is easily taxed, or could easily have its tax exemptions removed.

So, you can't afford to buy property. Some can, and now is a great time to invest in property in the UK. Of course, you have to pick a good location. Prime London up over 50% in 3 years. Sounds like a pretty good return to me.

There are always people like you saying why now is the wrong time, blah, blah, blah. But there are always people like you saying that. In the meantime, others are making money. Property is as good an investment as any at the moment. Certainly better than holding cash. Property tends to rise with inflation, but cash just disappears into nothing.

What tax exemptions are you talking about that could be removed? UK property doesn't have any that I can think off.

Where would you invest? Don't knock others if you can't make any sensible suggestions yourself. Sitting scared and holding cash isn't really an option.

No i cant afford to pay 200K for a 50m2 house in SE England im not that rich or stupid, i am waiting for one of the props i mentioned to be taken out the equation, but as im getting a whopping 3% return on my money this is more then id get if i bought a depreciating asset.

But i congratulate you on being so wealthy at this moment, but are you buying with cash or using the banks money to do so? besides if i had a spare 200K id start a business and employ people .. im not a parasite who'd prefer to be part of the scam to keep young British families as renters forever more ... clearly you are.

The tax breaks i talk of, are allowing B2L landlords to offset rental income against mortgages aswell as goods purchased for the place, and effectively claim that renting a house is some kind of business ... the government is. financially screwed and they will take money from the easiest places and they dont come much easier than rental property.

PS Yes 5 years ago would have been good to buy london property if one was to sell, but are you going to tell me you knew QE and 0.5% aswell as the endless props to the market were going to be put in place? Im of the opinion the ponzi scam cant go on for much longer and i admit i was wrong to think it'd go on past 2008 you see i am the one person on here who hasnt played the rigged market to perfection. But if id bought the correct numbers on the lottery at the weekend id have made a 5 million percent profit isnt hindsight a wonderful thing.

I did the same as you. I started a business buying and renting properties. And yes, I employ people - estate agents, lawyers, plumbers, electricians, cleaners, etc. I'm providing a much needed service. London is a city with a transient population. Those people want to rent, as I did in the first few years I lived in London. Without rental properties, no-one in the UK would be able to move to find work. You have no idea. Maybe you should take your wrath out on all the councils and housing associations who rent out property. According to you, these are stopping families from buying. Not everyone wants to buy. You're probably poor because you're too frightened to invest in anything. Property doesn't generally depreciate over the long-term. Add in the rental income, and it hardly ever depreciates. I'm very happy to be a stupid person who bought some small apartments in London years ago. Better to be stupid and have money, then to be clever and poor. I almost feel sorry for you.

That isnt a business, its part of creating rental serfdom for ordinary Brits, propped up by a corrupt political and banking system and extreme socialism.

The list of employed people you mention would still exist as pipes would have been blocked whether you bought them or not.

You were born at the right time and have rode the property bubble, good luck to you but you need to get it into your thick head you need socialism to survive.

What makes me smile is with all your wealth the best you could do was go to Thailand and buy women, your mother must be so proud.

I am trying to highlight the fact that your ilk see themselves as these high flying entrepreneurs, when your property is 100% reliant on extreme socialist policies that have never been seen before to stop you ending up on your backside.

Bring it on, my next house in the UK just got cheaper.

Post #7,

Also, put your money into assets that are more likely to rise with

inflation. I think property is a good bet at the moment, especially in

the UK and USA.

Me too, hence my intent to buy another property in the Uk this summer, anyone got any better ideas, I am all ears.

This is Thaivisa where the most financially savvy people on the planet who only ever make profitable investment congregate .... no doubt someone will be along in a moment to give you a minimum 25%PA growth tip.

IMHO Property maybe OK if you're in it for the long haul, ie 20 years, as it used to be, but with QE and 0.5% interest rates for almost 5 years along with First Buy and the endless other govt props prices have stagnated or dropped in all parts of Britain except certain parts of the South.

What happens when one of these props is no longer viable?

Also its an illiquid asset that is easily taxed, or could easily have its tax exemptions removed.

So, you can't afford to buy property. Some can, and now is a great time to invest in property in the UK. Of course, you have to pick a good location. Prime London up over 50% in 3 years. Sounds like a pretty good return to me.

There are always people like you saying why now is the wrong time, blah, blah, blah. But there are always people like you saying that. In the meantime, others are making money. Property is as good an investment as any at the moment. Certainly better than holding cash. Property tends to rise with inflation, but cash just disappears into nothing.

What tax exemptions are you talking about that could be removed? UK property doesn't have any that I can think off.

Where would you invest? Don't knock others if you can't make any sensible suggestions yourself. Sitting scared and holding cash isn't really an option.

No i cant afford to pay 200K for a 50m2 house in SE England im not that rich or stupid, i am waiting for one of the props i mentioned to be taken out the equation, but as im getting a whopping 3% return on my money this is more then id get if i bought a depreciating asset.

But i congratulate you on being so wealthy at this moment, but are you buying with cash or using the banks money to do so? besides if i had a spare 200K id start a business and employ people .. im not a parasite who'd prefer to be part of the scam to keep young British families as renters forever more ... clearly you are.

The tax breaks i talk of, are allowing B2L landlords to offset rental income against mortgages aswell as goods purchased for the place, and effectively claim that renting a house is some kind of business ... the government is. financially screwed and they will take money from the easiest places and they dont come much easier than rental property.

PS Yes 5 years ago would have been good to buy london property if one was to sell, but are you going to tell me you knew QE and 0.5% aswell as the endless props to the market were going to be put in place? Im of the opinion the ponzi scam cant go on for much longer and i admit i was wrong to think it'd go on past 2008 you see i am the one person on here who hasnt played the rigged market to perfection. But if id bought the correct numbers on the lottery at the weekend id have made a 5 million percent profit isnt hindsight a wonderful thing.

It's funny how Thaksin's proxy government can't manage the economy when there is no global economic boom as there was when he was PM.

But theyve a strong currency, thus a strong currency usually represents the economy is doing well. (unless Brown/Blair are in charge)

^^^

Yoshi

You constantly whine yet call everyone else a whiner... only Aussies have such lack of self awareness.

And why would i want to have taken a huge gamble by investing 10s of thousands of pounds into Thai Baht, to make about 8% once fees are taken into account, if this is your financial advice then clearly you aren't as bright as you like to think you are.

Anyway my way of making more money this year is to ask clients what theyre willing to pay, and it seems my day rate is now worth 20% more in USD. And id bet my day rate is more than you've ever earned for an honest days work!

Finally i don't know why i'm on this forum as im not planning to visit Thailand anytime soon, but then again its human nature to look at car crashes.

PS Im optimistic that the real world is just around the corner as nations and banks cant print forever and those that over leveraged (as its called these days) will end up on their backsides.

Financial institutions ( banks ) USED to take your money, give it out in loans to other people and give we the lenders interest as a "payment". Now, however, we are expected to loan our money to them for nothing. Of course it's a scam, allowed by collusion between crook bankers and politicians. IMO, it's officially sanctioned corruption.

What proves it is a scam allowed by the highest levels of government, is that no banker has yet gone on trial for corrupt practices related to the 2007 crash.

Well since my mortgage is about 1%, you are not going to get too much for your deposits. Happy me. Unhappy you.

Have you tried South American government bonds?

If everyone took your advice your interest rate would be a lot more than 1%.

Your interest rate is only this low as banks now get billions each month given to them via QE or some other taxpayer handout, meaning the banks no longer have to impress savers to get their money.

Its quite clear we don't live in a capitalist society but in nations where socialism for the rich is no longer hidden, and many of you rejoice at this.

Bring it on, my next house in the UK just got cheaper.

Post #7,

Also, put your money into assets that are more likely to rise with

inflation. I think property is a good bet at the moment, especially in

the UK and USA.

Me too, hence my intent to buy another property in the Uk this summer, anyone got any better ideas, I am all ears.

This is Thaivisa where the most financially savvy people on the planet who only ever make profitable investment congregate .... no doubt someone will be along in a moment to give you a minimum 25%PA growth tip.

IMHO Property maybe OK if you're in it for the long haul, ie 20 years, as it used to be, but with QE and 0.5% interest rates for almost 5 years along with First Buy and the endless other govt props prices have stagnated or dropped in all parts of Britain except certain parts of the South.

What happens when one of these props is no longer viable?

Also its an illiquid asset that is easily taxed, or could easily have its tax exemptions removed.

The bell ringing every 15 minutes is not right, whilst i'd accept it for convicted murderers and nonces .... most arent in jail for such things, and it can take years for a trial to conclude thus innocent people have to suffer this .

But then again this is Thaivisa so maybe we ought to call for this bell ringing to be every 5 minutes.

Oh indeed, registering a boi regional head quartets may be cheaper than Singapore, but actually running it in singapore, is about 10 times easier.

The problem for some Asian countries including Thailand is the lack of work ethic, how often they change their jobs, don't go to work and leave without any warning.

In the late '90s I was in Manila when the staff of the Hongkong and Shanghai Bank went on strike so the bank got temporary work permits for 40 staff from Hong Kong. The local media loved the story that 40 Hong Kong Chinese were doing the work of over 200 Filipinos until the union realised it's strike was dead in the water and on a nationalistic argument forced the government to withdraw the work permits. The strike was subsequently called off but the local media didn't let go of the fact that 40 were dong the job of so many more.

Wait there i constantly read the media that tells me us Brits have a dreadful work ethic, now i work with Filipinos and id say theyve a very good work ethic, theyre contentious, decent and articulate .... but then again corporations get their friends in the govt and media to call us all lazy for not working 16 hour days for months on end for the minimum wage.

Why doesn't someone do a survey of the foriegn employees of those so called International companies operating in

the folllowing cities:

1. Singapore

2. Kuala Lumpur

3. Hong Kong

4. Jakarta

5. Bangkok

and then publish the results of employee satisfaction with living in those cities.

And while they are at it, also add those employees actual opinion of the effeciency, productivity, and general work ethic of the local employees they work with or supervise in those same cities.

I suspect that Thailand will be low on or at the bottom of the preference list of both those surveys.

Especially on the efficency, productibity, and general work ethic listing.

Id say if the people interviewed are single BKK will be at the top, if they've a family and are looking for something other then women, drinking and boasting of their wealth then maybe it will drop a few places.

But id sooner be in BKK then any Emirate/Oil/Gas State that corporations are moving to purely for their no corporation tax policies.

Every study about more freeways shows that it only leads to more congestion.

Every study by environmentalists.

As nations/people get richer the first thing they want is a car, thus more cars are inevitable.

The well to do seem to win whether the baht is weak or strong.

A lad i knew left school aged 16 on the Friday went to work in a dog compound on Saturday and died of an asthma attack brought on by being around dogs.

Tragedy for the kids parents and family.

Definitely not Australians. Everyone loves us

Yes everyone loves to hear about how wonderful Australia is all the time.

I don't think the middle/higher class even notice foreigners.

The ones that have feelings towards foreigners are the poor and uneducated.

Some resent, some want to profit.

Most resentment towards foreigners in any country is from the poor and uneducated.

Lots of educated and middle class throughout the world don't like mass invasion of immigrant/foreigners.

But blame it on those you look down upon to make yourself feel better.

PS It is on the whole the poor and uneducated of Thailand that marry and spend time with foreigners in Thailand.

WoW considering there are the vaguest details given, this man had his heart broken by an agogo girl, is a lazy dropout who is about to scrounge of the British taxpayer etc etc etc ...

What a bunch a losers you must be to mock someone who may or may not have tried to commit suicide.

Plus anyone on benefits isn't holidaying in Thailand. I know someone who is on disability after a very serious accident left him unable to work. He was devastated, volunteers a couple of times a week for a few hours to give him something to get out of bed for and the family go to Primrose Valley or Flamingo Park. That they receive huge handouts is a myth created and perpetuated by the redtop newspapers.

I am from an NCB estate which has now been turned over to the council. A lot of my extended family live on council estates. There isn't a criminal amongst them. And the majority of council estates are quite all right. Again, a myth created and perpetuated by the gutter press. Of course there are bad ones, there are some shockers, but at the same time I know of a lot of nice areas of council housing. All in the north, perhaps the south is different.

Up until the 70 over half the countries population lived in a council house, i think its a middle class/media thing to mock such estates ... despite the fact their own parents were more then likely brought up on one.

Besides dont they sell for 350K plus in London.

They ought to just stick her in the ground or cremate her and be done with this pointless drama.

10 Million quid is unaffordable.