As a foreigner in Thailand, you are at the mercy of the constantly changing Thai laws and the baked-in discrimination against the so called falangs.
So, in effect, you have no rights - no real rights, in the end - as enjoyed in places like the US, Canada, UK, etc.
You can't own land. You can only lease a structure. Anything can be taken from you at any moment, on a whim, depending on how the breeze is blowing that day in the government halls.
Condo "ownership" is only available based on the percentage of Thai owners in a building.
Far better to rent in Thailand.
The reason property costs so much in US, Canada, UK, Aus, NZ is because all those countries are top tier alpha A++ countries. Oh - and also because of unfettered money laundering since at least year 2000 from China, Russia, etc.
Why launder billions of cash into real estate in US, Canada, UK, Aus, NZ?
Because those countries are top tier alpha A++ countries with a high standard of living and protections of the law (unlike China, Russia, Vietnam, Thailand etc......). And real estate in those countries only becomes more valuable, unlike in Thailand.
Cheers boss