hugolars

10 minutes ago, Melbun said:

haahhaha - You don't know them as well as you think. Don't think you do mate.  it will backfire and blow up in his face - he will come to regret it when he gets those gazes and blank stares ' dirty rich farang - he has plenty of money and we are so poor '

All their soap operas are portrait in incredible wealth but thais never look at other thais with greed or envy even though this wealth come from corruption. Fascinating is it not? Maybe they think it karma that they are rich but same mentality is not applied on the old farangs hard earned pension. 

1 hour ago, Melbun said:

Yes, sort of have to agree. I always worry about the genuineness of these apparently selfless people making a donation (and wanting to remain anonymous). The Thais are great at pooling resources between themselves. They also have managed before without these donations from 'dirty farangs'. It can easily backfire, especially when the donations don't keep coming forth, and then seen as charity to already very proud Thai's. Do it once and you'll be expected to keep doing OR you will be the worst bast**d under the sun. 'Give them fish - you will feed them for day - teach them how to fish - they will never be hungry'.

Let me add that because of the thai lifestyle, Buddhism and the fact that in the Asian world we would never accepted you as one of them its absolutely not a foreigners business to interfere with anything here. Its Karma in their believe and no one expect the old farang to feed the thais in need. Keep your head low. They already think covid 19 is spread by farang. Look at what happens to africans in China. Same mentality here. They are very superstitious.

1 hour ago, billd766 said:

But you are the small and petty minded person here. Farangs are helping Thais, Thais are helping farangs.

Go ahead and "help" if it gives you a buzz. But be prepared to do it for years so you might have to sell house and car and empty your bank account. Wonder if you will get visa extension with empty bank account.

1 hour ago, billd766 said:

 

Even if you donated a million baht and bragged about it you would still be small and petty minded person here.

Where is "here" exactly and am I simple minded saying that this "charity" accomplish nothing and much bigger actions by the government before real starvation starts? 

1 hour ago, billd766 said:

 

Daver and his mates donated with their hearts and minds simply because they wanted to. Nobody forced them to do so.

Do I mock by highlighting the fact these charities accomplish nothing? Can nice people like Dave feed millions?

1 hour ago, billd766 said:

 

All you seem to have done in this post is carp, whine, mock and complain.

Yes let us all sing "we shall overcome" when millions starve. Wake up dude.

1 hour ago, HHTel said:

So you adore Dave for buying rice for 10 000 bath.
Would you worship me if I doubled that?

This is the point i'm trying to make. These are nice gestures but does nothing beside getting admiration of small minded people.
But go ahead an do it if it make you feel good and you get a adrenaline kick from people waing to you all day.

1 hour ago, HHTel said:

Dave refused to be interviewed saying he and his friends didn't do it for recognition. 

Did you actually read my original post?
Read it before bashing. I did not attack Dave.

Most of this "charity" are PR stunts from BigC and other mega corporations and does not solve any problem what so ever.

Small minded people like you and many other cant see that the problem will grow exponentially by the day because tourism will never come back like it was pre Covid19 days.

Can you feed millions with impulsive charity?

22 minutes ago, PJPom said:

I see in your latest post replying to criticism you do not like personal attacks, could I ask what you expect when you reply with put downs as above. 

Please criticize the argument I made. How did I put someone down? Sometime reality hearts but needs to be said.

14 minutes ago, lamyai3 said:

Maybe he didn't want to be identified because he didn't want his good deeds to backfire down the line. The authorities have boasted about their scheme to help people and then reneged on the promise, so his actions have shamed them. He's made it clear he's not an agitator or a glory hunter, so probably doesn't appreciate his photo being plastered across the media without permission. 

Yes. He could be seen as an hostile NGO. These are desperate times for all, not least for the elite. Best for all farangs to keep low profile.

2 minutes ago, Neeranam said:

How do you know he is a guest? 

He might be a permanent resident, or naturalized citizen. 

Might be but most of us would be kick out with a stroke of a pen even if one feed the entire village. 

9 minutes ago, sweatalot said:

I feel sorryfor you. You seem to have a very sad life. Never heard of love and compassion?

Even a symbolic action can make people feel better, 

I adore Dave and his wife for their action. For their gift of love.

May you understand

So you adore Dave for buying rice for 10 000 bath.
Would you worship me if I doubled that?

This is the point i'm trying to make. These are nice gestures but does nothing beside getting admiration of small minded people.
But go ahead an do it if it make you feel good and you get a adrenaline kick from people waing to you all day.

2 minutes ago, colinneil said:

What the hell is wrong with you?

A few people trying their best to help others, not as fortunate as themselves, and all you can do is come up with pathetic comments... Shame on you.

If I'm wrong attack my argument and not me as a person. Singing "we shall overcome" is childish and does nothing. But do sing and buy rice if it make you feel good mister.

6 minutes ago, PJPom said:

A couple of weeks ago I posted a comment about people helping others and suggested that we put aside our TV prejudices and sarcastic responses and just say well done. It seems that reading the responses to this original post very few agree ...then again what should we expect, this is Thaivisa.

Reality check mister. You are a guest here and you presence is unwanted by the elite in Thailand and nobody expects anything from you plus your "solidarity" does nothing.

Rather you "help" might cause a face loss to the elite resulting in harsher visa rules because when you are kicked out no thai would protest because you handed out a couple of bags of rice.

36 minutes ago, scorecard said:

 No it's not the reality.

 

Yes the Thai government, in a perfect world, should be taking care of it's people, but we don't live in a perfect world. Has the USA, and many other countries, been perfect and balanced in their response? The answer is NO>

All governments are corrupt you would think that the proud thai government with its huge army could organize food handouts. There is a big difference between not getting resonable healtcare, where many countrys it the rich west failed,  and starvation. Here people are starving. BIG difference.

36 minutes ago, scorecard said:

 

Of course there is poverty in many parts of the world but that doesn't mean that helping a little locally in the area where you live is wrong, it's basic care and concern even if we can't continue the help longer-term.

Do it if it makes you feel good mate but your "help" does nothing.

36 minutes ago, scorecard said:

 

Much of what you write is incorrect, is just ill-intent and bashing.

Ill intent that I want a long term solution than people begging for food under the hot sun from short lived "charity" from people that want to "make a difference"? Why cant the army deliver bags of rice to peoples homes? What about sick people that cant stand in line?

17 minutes ago, Grumpy John said:

I think your being very mean hearted.   I'd rather get a bit of help from the Dave's of the world than some pompous or arrogant religious organisation that siphons of 90% of donations.   The poor people in the community can get breakfast at the wat but they still need lunch and dinner.  And maybe the dirty farang helping Thai's on TV news may embarrass the government just enough to get some soup kitchens on the ground.   I am not my brothers keeper but I sure can share a loaf of bread with him in his time of need. 

You are not sharing your loaf of bread but giving them leftovers from the leftovers to make you feel good because you  want to "help". Share you "bread" by selling your house and car to feed your neighbor.

No? Well you are mean hearted!

5 minutes ago, Tropicalevo said:

Difficult to be holier than thou when your kids are dying from hunger.

yes

10 minutes ago, BritManToo said:

No!

I wrote the bank cannot sell the repossessed house for less than the outstanding loan amount.

Very interesting. So the higher the loan the bigger the problem for the bank.
From where I come from after eviction, which happen rather quick the object is sold in a action.

4 hours ago, BritManToo said:

Around 2 years, sometimes 3, but that was in the past.

What will happen when 40% of the population is suddenly unemployed is anyone's guess.

COVID has made 10M unemployed with maybe another 10M jobs at risk in a workforce of 50M.

 

What point repossession, when there are no buyers at all?

You wrote before that the bank cannot sell  after eviction for price less that original purchase price. Does the law not consider that houses looses value with age? 

This is disastrous for the banks in this Corona crisis when they own hundred of thousands homes that they cannot sell.

4 hours ago, PaoloR said:

Ask to see the docs and check them.

1. They will name the guarantor

2. You will also see if the sum has undergone FBI - (Farang Boyfriend Inflation)

Banks just don't lend that much over the value - and are well aware of the Thai habit of finding inflated valuations from legitimate 

sources (for a consideration).

Tread cautiously and find the whole picture before you consider any action. Don't do anything suggested by Thais until you have checked it out with a qualified lawyer. What a Thai person can get away with is not the same as for a Farang - especially in these times.

No guarantor and there is absolutely nothing in my name. 

3 hours ago, Jaxxper said:

Maybe I’m missing something. If you have the cash to buy another condo and car cash, why couldn’t you just settle the outstanding mortgage now ? Just interested. Might be cleaner than getting a bad credit rating. 

2M for old car and Condo I think is a bad deal these days when cash is king.
Don't care so much about her credit because she will be laid off soon.

2 hours ago, BritManToo said:

Not true!

Thai banks aren't allowed to sell repossessed property for less than the outstanding loan amount.

(The law was made in an attempt to restrict banks lending unrealistic amounts on property)

 

If you fail to make the repayments, they can take the house back (after several years), and stop you having credit for another 5 years. There's no further money for you to pay.

Hi,

So she can stop paying and keep living in the house until someone knocks on the door.
She cant own anything for 5 years.
I read someplace the even if she works they cant touch any money she makes below 20 000 B.

Nice to hear that the government in this case protect the thais from greedy clutches of banks.

22 minutes ago, crazykopite said:

I think your plan will come back and haunt you and your GF . I would have thought she would have needed a guarantor and if that’s the case the bank will chase them Dare I say face up to your responsibilities if your caught doing anything dodgy expect to be deported back to your home country never to return again.

It nothing shady. Going bankrupt because being laid off is not shady. 

The deposit for the loan is the Condo. No guarantor.

I think its like deposit of gold. If you don't pay back they take the gold.

29 minutes ago, cardinalblue said:

How much mortgage deposit she Put down?

0 Bath

29 minutes ago, cardinalblue said:

why would the condo drop so dramatically? 

bad business by the bank if it gave her more money than the condo’s worth minus the down payment...

Because the value of an item is how much someone is willing to pay for it. With tourism dead and millions of jobs lost how many want to buy condo? hence value drops a lot. 

 In good times banks happily lend out money.

29 minutes ago, cardinalblue said:

I think the bank would go after her hard To recoup its losses like putting lien of future wages and anything else she tries to buy in the future...

Yes but its regulated by law. Going bankrupt happens every day and unless your loan is from a loanshark it wont hount you for the rest of your life.

6 minutes ago, samsensam said:

 

just ask your gf, she's thai, she took out the mortgage so she should know, if she doesn't know all she has to do is phone and ask the lender. easy.

She does not know and will not even consider to plan ahead. She bough the condo because all her friends did. The language barrier make it difficult do discuss. If she won 2M on the lottery she would pay off the loan, which is stupid.
These things must be regulated by law and I posted here to check if someone have experience in this.

55 minutes ago, timendres said:

I assume you mention the car because there is a loan on that also.

 

You are probably correct about condo prices declining, but having defaulted, she will never get another loan for the condo. So cash will be her only choice.

 

As I said, you would need to review the mortgage contract to decide if there were any other recourse for the lender. It is rare, but it is possible. The extra 0.5M baht over the price of the condo raises some questions. This is not an uncommon practice here in Thailand, but it might be addressed in the mortgage contract and have separate conditions from the condo ownership.

I now remember that there were two loan contracts. 1.5M and 0.5M. She used the 0.5M to pay off the car and student loan. I really tried to understand how mortgages system is in Thailand but nobody at the bank spoke english.

They some how overvalue the unit to get higher loan than the price.

I think tourism will never be the same ever and many Thais will default. The economies in places like Samui and Phuket are 100% built on tourism. I also think she will be laid off soon.

48 minutes ago, blackcab said:

Is there a guarantor? A lot of mortgages are only approved if someone guarantees the debt.

 

If this is the case then the guarantor will be pursued to make up the entire shortfall, and they will be expected to provide the shortfall immediately on demand and in full.

No guarantor. She have a good income to cover the mortgage.

16 minutes ago, timendres said:

As for repercussions, mortgages are typically secured by the property. Thus, the property is taken by the lender. The borrower's credit rating will be severely negatively impacted. Unless the mortgage stipulates some other recourse for the lender, there should be no other repercussions.

Gf bought a used Condo for 1.5M but some how got 2M. She used 0.5M to pay off other debts.
With the situation right now I don't think the Condo is worth 0.5M.

I'm thinking give the bank the keys to the Condo and car and walk away and buy a new condo and car cash.

I think that one can get a lot more for 1M cash today than 2 years ago.
Can there other repercussions than having a bad credit for some years?
Its all in her name.