jaygino

10,703 units sold in the first 9 months of 2023, when compared to the amount of new condos built does not sound like very many at all :-)

According to statista.com, there were 7,148 new condos built in Bangkok in Q1 alone, which would suggest 20,000+ for the 9 months to September.  Add to that Pattaya/Phuket/Hua Hin and the rest of the hotspots where development continues unabated and it is clear that new supply is outstripping new demand by many fold.  This is of course not taking into consideration that many condos 'exchanging hands' will also come from old stock.

How  the Real Estate Information Center can spin this into a positive article is laughable.  Perhaps the writing is on the wall and we will see another late 90's style big property crash in Thailand.

If new house, go directly to the Developer rather than an agent.  This will save the Developer the Agents fees and you will be more likely to get a better discount.

Hmm, so 250,000 tourists visited in December, high season, 31 day month, when the T&G only required quarantine and testing on the first day. Yet they are now expecting the same or more in 28 day Feb, high season over, an extra days quarantine on the 5th day with another expensive  PCR test and an increased risk of incarceration if found positive !!  Added to that increased uncertainty over the ever changing rules this government imposes, seemingly every week or so !!!!

If I were a betting man, I'd wager more than a few baht that they are not going to see those predicted numbers ????

So if you have already applied an offending sunscreen onto your skin at the time of entering the park, how the hell are they gonna test for it ? ???? 

Maybe the firms producing such sunscreens should be required to add a green glowing substance to the ingredients so that offenders will stand out and can be fined easily ????????

On 6/26/2021 at 9:18 AM, herfiehandbag said:

????

On 6/26/2021 at 9:48 AM, mikebell said:

They pay a 'fine' wrapped in brown paper & are quietly released without charge.

This is alledgedly what happens as related by a victim of a police bust last week in Pattaya area. 

They are taken to Pattaya Police station on Soi 9 where they are lectured about the Covid problem in Pattaya.  After this they are told that the penalty for this is a night in the cells, followed by a court appearance and a 40,000 fine, with subsequent deportation from Thailand and will be unable to return to the Kingdom for a period of 5 years. 

The farangs are then taken to a separate room where they are told this can all 'go away' if they each pay a 10,000 baht fine (no receipt of course).  After this they will be able to leave only after paying into a bank account via there phones, or being escorted to an ATM and handing over the 10,000 baht in cash. 

Even if you have been sitting in a bar without a beer in front of you when the bar is busted, you will still be threatened with a night or two in the cells and a court appearance if you refuse to pay.

Lets assume you need 50,000 per month to live the lifestyle you want to live in Thailand

Lets also assume a High Income fund will deliver a return of ca. 5% annually (I would personally manage my own investments as I am reasonably certain I could achieve an average annual return far in excess of  5%, but if you dont need the hassle or are an inexperienced investor it may be safer and easier investing in a managed fund)

I will also build in a guard against an average inflation rate of 2% p.a over the coming years.

To achieve 50,000 baht pm and guard against inflation you will need to Invest about 16m baht in the High Income Fund which would give you a return of 800,000 THB after the first year.  Transfer 600,000 baht to your Thai bank account to give you 50,000 baht a month spending money for the following year and leave the extra  200,000 in your managed Funds.  This would mean that for the following year you have 16.2m baht invested in the fund, plus any capital increase in the value of the fund, which is a safety net against inflation.

this would also mean that You could also live to the ripe old age of 120 and still not have any financial worries.

Therefore the amount required to retire with financial safety in Thailand today with 50,000 thb per month would be:-

Invested in High Income Funds        16,000,000

Retirement visa                                 800,000 (leave in a bank account)

Funds to cover first year                    600,000

                                                    ----------

Total funds required                       17,400,000

Likewise, if you were fond of the girlies, drink far to much alcohol and eat lots of western food and therefore needed say 100,000 thb pm, then the required amount would be 32,000,000 + 800,000 + 1,200,000 = 34,000,000

Your dependents would also be very happy in the knowledge that when you eventually go to that great beer bar in the sky, through overdosing on Viagra, alcohol, covid or even natural causes, they would stand to inherit a considerable amount of your hard-earned invested in the High Income Fund.

Of course, having your money invested in a non Thai fund could throw a spanner in the works if the THB appreciated against the currency in which your money is invested, but could could also be advantageous if it depreciated.

Note: I'm sure you could retire a lot cheaper than this by gradually eating into your capital and sticking your finger up at dependents that would like to a nice big inheritence - you pays your money and makes your choice

Happy retirement everyone