wowfactor10

Hey Seedy why u hide my posts?

What about the vacancy and re-sale issue with condos Bangkok?

vacancy for 1 beds are very high, even for 2 beds is a challenge in todays market. Although your condo won't loose its resale value as price increases each year, it won't be easy to sell too unless you sell at a loss or you sell for the price bought couple years ago. Currently there is an oversupply of 1 bedroom at the market, part of the reason is that developers allocate more 1 bed in condos as its cheaper for buyers and due to the lower price easier to get financing for many low-mid income buyers. Within the past years, many buyers want to jump on the train to buy and rent for passive income, hence this contributes to the amount of available condo units on the market as well.

Let me absorb your information...Vacancy risk clearly there,Bangkok property prices increasing every year,however if u want to sell your unit some years later u need be prepared sell with a loss due to oversupply and problems renting it out..So somethings does not add up for me....How can prices continue to rise while once u have bought u need to be prepared to sell with a loss?Does it mean only the NEW properties rising each year in price but the secondhand units do not rise..So basically its like buying a car...soon as u buy one the value goes down..Okay i think i understand it now..

Further to that buy new, do not buy old. Prices appreciate a little over six years then level out and even start to decline in value. Ideally buy new, hold it for four to five years and sell, get your money back or even make a little profit, then buy new again.

I would be pretty surpised if you could get 7% net yield with today's condo prices. Sure there might be the odd one knocking around, but it would be a very good letting and pretty damn rare.

I would be shocked.

The places to look for this are only along BTS underutilized stations or near planned stations. Those are the places you will find such ROI.

Wandering off topic ....

For me, the biggest mistake the govt makes is not to develop the river. It is a natural transport system, a draw for its beauty. Residential area along rivers are ALWAYS in demand. The view of water changes with sunlight, weather, boats, etc. The view of the Sukhumvit changes with traffic.

They could put real boats on the river and one could get from Sam Sen to Sathorn for work in 20 minutes.

I have often entertained the idea of buying my own boat and having a driver. It would be an extravagant expense, but I wonder if I could navigate the klongs like klong san saep in a private vehicle. Is it legal? The Chao Phraya is lovely. I like seeing the huge monitor lizards and the rice barges.

Gosh ....far as i know the Bangkok river and klongs are more then full with boats, water taxis and the river banks are mostly built up with residential sky scrappers..Anyway good luck with your own boat and private captain i sure u are the one bringing a great novelty to the Thais!!

What about the vacancy and re-sale issue with condos Bangkok?

Yes we all know he lost his money except u ...I can not think of one reason for him to get it back.He has send money to the mom of his wife and she bought land with it in her own name.Seems without a proper signed agreement between the mom and him self he gonna have a hard time in most other countries too.(beats me why he ever send it to the mom in the first place)

Hey if u like to encourage people here to marry and buy land and house in theirs name and that there is a worry less uncomplicated 50/50 split afterwards then i think u is sending out a incorrect message...Anyway good luck with your promoting..

Could it be that in some of these cases before court has reached any verdict whatsoever the land with or without house has been already transfer to several other thais ..Now the Alien may go back to the court again.

Let them go to Greece....Kick Greece out of Europe and out of Schengen..Problem solved...Now Greece can sort this out,...Its a Scamming country anyway...

Maybe instead of restrictions it can help to ease visa regulations and to ease to property laws so the place becomes more foreigner and investor friendly..It might give Thai economy some boost.

just on a side note, farang have no rights anywhere

and males have no rights, the woman wins it all back home too unless she's an excon on meth and you are a eunuch philantropist

That isnt actually 100% true. A friend of mine (expat) got divorced from his Thai wife. They went to court and he got the house and everything. Judge ruled she had brought nothing into the marriage and there was to eave with the same as she brought in. There was a lot more this is just a quick summary

Pitching Thailand again?

Its amazing story...Tell me more about this case how the farang received all and the Thai wife received less then zero ..

How can he even get the house while the house sits on land that he does not even own?Why would the Judge not atleast have them split it 50/50 in a sale...Which ofcourse the farang will never receive his 50 % of any proceedings.Send me the verdict of the court so we can check your story

He had to sell the house which he did but the judge asked how much the wife had brought into the marriage to which the answer was zero and how much he had paid for which was 100% and he ruled in his favour. Unusual I agree but I know the guy we have been friends and worked together for a number of years so I know he isnt telling porkies. He asked me if I wanted to buy his house, which is when he told me what happened. I didn't buy it as me and my wife already had one.

Yes nice story...So your advice here is for us to marry Thais buy land and house in their names and in case of a divorce we will receive at least 50%-100% back...

Well my advice for you is stop spreading fairy tales here!

This is one of the scams I've been reading about for years. Condo fees stolen by the manager, no money to pay bills, utilities get shut off, the manager is broke and doesn't pay/pulls a runner...rinse repeat. Anyone "buying" a condo in this country is risking a lot.

Well to be more exact they did do no runner in this case the developer and his management team are simply for many years in a row been overcharging all its residents who were naive enough to buy crappy leasehold units.Water security electricity all of it is completely overpriced with no prove where the money is going..Also the developer removed spacious facilities afterwards in order to built sell more units..This also is not proper and correct way of doing business to say the least.Residents should unite and get legal representation and they have fair chance for some justice...Seems to me they been overcharged with maintenance fee and purchase price..

I have only ever read about 1 or 2 stories on this website where people have lost land/houses, and these stories had nothing to do with a divorce split. Every divorce case I have personally come across where the married couple acquired property during the marriage was split 50/50.

I purchased a house myself from a divorce case, an English guy who now teaches in Malaysia, the Thai wife who is also a teacher, both are still good friends who simply moved on in different directions. The judge ordered them to sell the house and split 50/50, the guy used his share to buy an apartment and visits Thailand regularly, the wife did the same and bought a condo for herself. A close friend of mine also had a very similar case.

These examples I can confidently say are from direct experiences, not stories that I heard on TV or gossip from neighbours.

So back to the OP's question, if the house/land was put into the name of the mother in law prior to the divorce he can wave goodbye to it.

Also the theory about the wife selling the house for peanuts to a family member to avoid paying the husband is a load of rubbish, either person can ask the court to block a sale if they deem it for a good reason.

Just keep on Pitching Thailand....

Just out of curiosity, how many posters here have actually been in that position personally rather than just talking about it?

I know plenty of foreigners in Thailand who lost courts their cases...They Lost houses land buildings cars hotels etc...They still had to pay court fees,lawyers...

Thai law is not back them up much.. Even some persons house got stolen by some fake real estate agent and resold to the loan sharks they lost their houses and court cases .Every village has some of these incidents.We all know people like that ...Why are u asking?

Possibly because most TV members (such as the OP) would prefer to hear from people with real past experiences in the subject, and not from people who merely claim to know someone.

The reality is these people who claim to know such people are simply lying and making it up, especially the ones who say they know dozens.

If you claim to know of 1 or 2 instances people may believe you, if you say you know of 30 people you are clearly lying and therefore contributing nothing to the thread.

You can read frequently these stories of people loosing land houses cars on this website .If you live in Thailand u will hear these simular stories from close friends and or your neighbours..Why on earth would any one have to make it up?Are you now also saying that the jet ski scam does not exist simply because it has not happened to you?

Just out of curiosity, how many posters here have actually been in that position personally rather than just talking about it?

I know plenty of foreigners in Thailand who lost courts their cases...They Lost houses land buildings cars hotels etc...They still had to pay court fees,lawyers...

Thai law is not back them up much.. Even some persons house got stolen by some fake real estate agent and resold to the loan sharks they lost their houses and court cases .Every village has some of these incidents.We all know people like that ...Why are u asking?

Next time when u buy land for someone else then first check in this forum if its a good plan.

U would not even get the land back if itwas in your wife her name...

So how u expect to get back the land that is now already in the name of her mother?

If the land that you purchased has been put in her mothers name she is thinking ahead

and it sucks to be you. Move on with whatever you can salvage.

Go to court and tell that your wife cheated you. You give her the money to buy the land on the name of your wife and you trusted her. You can't read THAI. So you must believe your wife. If you can show you paid the money for the land you will have a great chance to got your money back!!!

May i advice u to only post here on your sober days...

Do u really believe a Thai court will be lenient to this kind of defense..

He would lost THEN one more million bht for court fees and after 8 years in court he would have lost each and any case!!

just on a side note, farang have no rights anywhere

and males have no rights, the woman wins it all back home too unless she's an excon on meth and you are a eunuch philantropist

That isnt actually 100% true. A friend of mine (expat) got divorced from his Thai wife. They went to court and he got the house and everything. Judge ruled she had brought nothing into the marriage and there was to eave with the same as she brought in. There was a lot more this is just a quick summary

Pitching Thailand again?

Its amazing story...Tell me more about this case how the farang received all and the Thai wife received less then zero ..

How can he even get the house while the house sits on land that he does not even own?Why would the Judge not atleast have them split it 50/50 in a sale...Which ofcourse the farang will never receive his 50 % of any proceedings.Send me the verdict of the court so we can check your story

The Beach watch explains us the Beach rules :

No umbrellas,

No Water bottles

No food

No Chair

No Sun cream

No smokes

Still Available activities : Hire a jet ski

The Aspasia resort been a doggy one from the start.

<snip>

I think you mean 'dodgy' ... and I would agree with that opinion. It was an expensive and ambitious project from the very start of building. I had a viewing during the initial build, prices of the units were staggering. I'm trying to remember the original name before it was changed to Aspasia

Yes what was that first name again?mmmm

It always amazing that in Thailand your legal lawyer can come up with constructions such as ownership formation structure that are not legal...In most other countries any lawyer setting up and promoting illegal constructions would be hold accountable for it in court..

The Aspasia resort been a doggy one from the start.

Units are all leasehold some of them where falsely sold as freehold condos.

Most buyers assumingly went for the company structure ownership(not legal) but promoted by lawyers.

Owners of Aspasia (developer) always have charged insane high monthly fees for maintenance water security bla bla bla..

When all the units where sold the owners of Aspasia where still wanting to make more money so then they closed their lovely spacious restaurant inside to built and sell more of their crappy leasehold units instead.That doies not seem to be fair practice.U take out afterwards facilities in order to max your sales

Even if it was in the girlfriends name you would still have no chance of getting a 50/50 split on it.how would you expect to get 50% of something you are not allow to own.

If it was a wife, and not a girlfriend, then the divorce court would order it sold and then split the proceeds 50/50, that is how they get around the foreigner not being able to "own"

Correct.............BUT............the house is in the wifes name, and she does not want husband/ex husband to have anything. So the house that has a realistic selling price of 1 million baht is marketed at 2 million baht. Job done, and not in breach of the court.

Your post suggests you know exactly what's going on in the OP's life as well the asking price for the property he posted about, or perhaps you've just made a generalised statement.

He only tries to explains u that the Thai will control the land and the house and also controls any sale...So the foreigner ends up with nothing while he is the one who has invested the money...Its clear to me that you have no idea how its works in Thailand.

Assets accumulated during a marriage must be split. In my divorce the house was ordered sold and we split the money. Very easy. It really works both ways, the courts dont care about he paper you sign at the land office. In my country the wife would have gotten everything. I think we are safer here!

Do u believe this your self?I can only conclude that u have never even visited Thailand once otherwise you cant write this down.

Tourists are turning their backs to Pattaya,Thailand.

Why because nothing has gotten better in the last ten years for them instead things went down hill for foreigners.

So if people feel unwelcome and are treated unfairly on a regular basis yes then they will go elsewhere.

Perhaps The thais also are not broken heart about the farangs packing up their bags.So its a win win situation.

I'm not a big fan of Pattaya but I'm even less of a fan of generalizations and emotional mistruth!

Pattaya has changed enormously in the past ten years, most of it has been for the better, sadly however some aspects have stagnated and the increase in tourist numbers has magnified them.

On the plus points: there's a lot more higher quality hotels, decent upmarket shopping centres, tourist attraction that are geared towards families (rather than single adult males), airport access has been eased as Swampy came online and theme parks have been built to provide alternate entertainment, and so on.

So yes, many many things have changed, you just haven't seen them or noticed them!

I am a positive person but when talking about Thailand or Pattaya i think its more fair to be honest instead of positive.

U say a lot is better because there is swampi...And so what an airport and then?

I am saying the place became much more restricted with complicated visa procedures,etc,however foreigners death rate went up with 54%,,then playing bridge is already crime.

People who spike your drinks and rob your belonging get a slap on their hands.Jet skies mob still there..While countries such as vietnam have a positive vibe with relaxing their real estate ownership laws and their foreigner employee laws again i sadly see the contrary over here.I not see that bright future for us as you try painting it.

Since Swampy came about, access to and from Pattaya has been made far easier than when folks had to use just Don Muang, that was my point, it;'s made access more convenient.

And you say that "the place became much more restricted because of visa procedures", yet early you wrote that people are "turning their backs on Pattaya". Visa procedures are common to Thailand as a whole and not just Pattaya so I'm not sure now whether you are complaining about, visa's within Thailand or things not having got any better in Pattaya in the past ten years!

look at the latest foreigners death rate besides and how foreigners often get treated and in various ways as a second class citizen.I think Thailand can do so much better.

How many of the latest foreigners deaths were citizens, second class or otherwise?

They dead already don"t think that it matters anymore..

Since Swampy came about, access to and from Pattaya has been made far easier than when folks had to use just Don Muang, that was my point, it;'s made access more convenient.

And you say that "the place became much more restricted because of visa procedures", yet early you wrote that people are "turning their backs on Pattaya". Visa procedures are common to Thailand as a whole and not just Pattaya so I'm not sure now whether you are complaining about, visa's within Thailand or things not having got any better in Pattaya in the past ten years!

look at the latest foreigners death rate besides and how foreigners often get treated and in various ways as a second class citizen.I think Thailand can do so much better.

The subject is balance in the news, with that in mind: I think the news should be less focused on sensational tabloid type reporting, especially given the low death rates of foreigners as a percentage of overall visitors per year. It's only to be expected that a very small percentage of the 900k tourists will not return home as a result of some tragic event yet to read the news we are almost led to believe that thousands die each week, not so when we look at the facts.

I know for some reasons u looking for just publish positive news here but let me give example :a newspaper article A Jet ski operator extort an indian tourist for a minor damage 250,000 BHT.Jet ski operator does not get charged.Then you guys will comment on the article saying how stupid of this tourist to even rent the jet ski.Its totally his own fault he should have know better going to Pattaya.

Then later you ask us if Pattaya is a Lawless place ? we then have to admit that Pattaya seem to be lawless place for some persons and especially if you are Thai.Then you begin to disagree and start to talk about Sampy and great new resorts and how wonder full of a place it is..Sorry but i get confused...

Tourists are turning their backs to Pattaya,Thailand.

Why because nothing has gotten better in the last ten years for them instead things went down hill for foreigners.

So if people feel unwelcome and are treated unfairly on a regular basis yes then they will go elsewhere.

Perhaps The thais also are not broken heart about the farangs packing up their bags.So its a win win situation.

I'm not a big fan of Pattaya but I'm even less of a fan of generalizations and emotional mistruth!

Pattaya has changed enormously in the past ten years, most of it has been for the better, sadly however some aspects have stagnated and the increase in tourist numbers has magnified them.

On the plus points: there's a lot more higher quality hotels, decent upmarket shopping centres, tourist attraction that are geared towards families (rather than single adult males), airport access has been eased as Swampy came online and theme parks have been built to provide alternate entertainment, and so on.

So yes, many many things have changed, you just haven't seen them or noticed them!

I am a positive person but when talking about Thailand or Pattaya i think its more fair to be honest instead of positive.

U say a lot is better because there is swampi...And so what an airport and then?

I am saying the place became much more restricted with complicated visa procedures,etc,however foreigners death rate went up with 54%,,then playing bridge is already crime.

People who spike your drinks and rob your belonging get a slap on their hands.Jet skies mob still there..While countries such as vietnam have a positive vibe with relaxing their real estate ownership laws and their foreigner employee laws again i sadly see the contrary over here.I not see that bright future for us as you try painting it.

Since Swampy came about, access to and from Pattaya has been made far easier than when folks had to use just Don Muang, that was my point, it;'s made access more convenient.

And you say that "the place became much more restricted because of visa procedures", yet early you wrote that people are "turning their backs on Pattaya". Visa procedures are common to Thailand as a whole and not just Pattaya so I'm not sure now whether you are complaining about, visa's within Thailand or things not having got any better in Pattaya in the past ten years!

look at the latest foreigners death rate besides and how foreigners often get treated and in various ways as a second class citizen.I think Thailand can do so much better.