Brickbat

Dominated by the Crooks of the Land. Being blinded to reality is dumb.

Land of the Dumb

9 hours ago, elliss said:

 

        Forever the optimist,  god bless you .

Forever a Realist. And god is a concept by which we measure our pain. John Lennon also put a great tune to it. Song’s called “ God”

Easy pickings are world wide. Not just in Thailand. Aussie women get scammed for millions on dating sites. And that’s $$$. Not baht. But they take a bath. When you appear vulnerable, the sharks appear.

11 hours ago, Miami007 said:

History repeating itself in another region - LTV ratios of 90-97% existed in the USA before the 2008 crisis.. It was unsustainable there, it won't work in Asia either

Yet Western Govts are reducing rates in a bid to stimulate consumer spending. 

Another gfc of bigger proportions on the horizon and then there will be a reset. The world is borrowed to the hilt , and Thais don’t understand simple economics. Borrowings are massive. I know a Thai who has just bought her second property within 6 months , Loan to Value ratio 90%. Bank lent 90% of purchase price. 

Unsustainable. 

The old guard is back to rule. The loot’s being repatriated out to invest overseas by the mega rich. Unless anyone can see any other reason. Australia forcing its currency lower to stimulate the economy. So who is right? 

On 4/13/2019 at 1:14 PM, tandor said:

..your one big failure mate is discussing your private life on a forum..oh but then again you are on Facebook and like to share all your intimate moments with the world..Im sorry the young woman has been subjected to such public scrutiny.

He’d be a very hot topic too, to her pals

These days of instant hot porn, young ones are very horny.  Works so well on oldies ! And nabbing a “young farang” is another trophy for them. The whitening adverts does half your job, mate. Night moves and your in like Flynn. Don’t forget protection!

Anyone want to buy a Service Station ( Petrol pump)

going cheap....cheap. 

Too much money and power at stake and a nation full of gullible spineless goons. Thanathorn will probably end up like Taksin, should he cross the line

20 minutes ago, KittenKong said:

For a Thai person I would agree with that also. As the lady already has several condos, perhaps she should concentrate more on general index funds than on REITs, and always check the management costs.

Land is usually a fair bet anywhere, but the current high asking prices in many areas seem a bit silly to me. Also there seem to be many downsides to land in Thailand (obscure title deeds, squatter's rights). Again, her existing exposure to condos might be enough as far as property goes.
Some banks and credit unions also have high deposit rates available for Thais only, but those would need to be looked at on a case-by-case basis before putting any money in.

Above all, dont put all your eggs into one basket. Diversification brings security, and for widows and orphans security is what it's all about.

 

My main worry here would be extended family members and "friends" trying to separate the lady from her money, but maybe she is lucky enough not to have any of those.

The problem with most people is greed and stupidity. Based on envy and vanity. Enough is never enough. As Solomon said, it’s a chasing of the wind. 

4 minutes ago, kenk24 said:

Unless I am mistaken I think you need an address in USA and maybe SS# too to access this type of investment... 

 

Thanks for the confirmation on medical... 

I would look at Thai REITs and an index Fund of Thai stocks. After all, it’s booming here in s e Asia . And she is Thai. Pretty sure global investments for REITs or index funds are accessible through the Thai stock exchange. 

newbies like me worry about bringing in cash to invest as we have all been hit with this strong baht, bar usd and Swiss franc. 

3 hours ago, SheungWan said:

Doubtful, but thanks for trying to cheer us up.

Wrong on both counts. 

Putin’s stooge and Murdoch’s Man. Who cares what he says. But it’s good comedy material.

7 hours ago, thaibeachlovers said:

Try doing that in person and one might end up paying big money not to go to jail. Not that I know personally, as never paid a bribe to stay.

7 hours ago, Graviton said:

Is this paid to an agent? 

All corruption is done through agents, from what I gather. Immigration staff can’t organise the cash deposit. 

Pompous war monger. His boss needs a distraction for the stupid so as to get the heat off his ass

Make America “grate” again and again

Damn! Where did that underlining come from!

I have not had any problem withdrawing the 800K baht cash and I know the Hua Hin office is still taking bribes to get the Retirement visa. 37,000 baht for first timers and 20,000 for repeats. 

And this is no guesswork.  Welcome to the Land of Corruptiin.

7 hours ago, ThaiBunny said:

Your pension does not cut out after 13 weeks. Your supplements cut out, and that's because they are intended to help pay your expenses while you are in Australia. The basic pension continues to be paid

Good on ya T Bunny. Tired of these blokes whinging about how much tax they paid. Folks who paid a hell of of lot more taxes DO NOT GET THE OLD AGE PENSION. . ( Means Test)

28 minutes ago, eddysmit said:

Sounds like you have received medical treatment and not paid, for the many times I have visited hospitals,clinics I have always paid my bill, for one operation it was even lower than the estimate they gave me before my operation, I did get an operation some years ago before payment,but my Thai lady signed a piece of paper as guarantor, for the last one they asked for a deposit plus a Thai guarantor, and I find it difficult to understand what foreigners get treatment for free, even Thais pay, their 'ten Bhat card' only gets limited treatment, and that is not for foreigners to use.

Sounds like you are good at assumptions, mate. And have a complex...it’s not about those who can pay. It’s about those who cannot pay or die after accumulating a big bill. 

No vagueness about this , as many claim. It’s pay up or ship out. Bye Bye farangs. This is the end of the road for Thailand as a cheap retirement destination. 

And I don’t blame them. It’s clear as hell. Cheap farangs don’t pay their hospital bills. So stop complaining! 

It’s very clear cut. After a 2 year grace period, if you are out of the country for more than 6 months and 1 day, you are a non resident for tax purposes. 

And as such, personal tax is much higher than a resident , but income earned from interest is just a 10% tax. 

Anyone that craps on about cheating the system is in for some curry. They know from your passport which is linked to most govt depts.