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bangmai

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Posts posted by bangmai

  1. What if one has already made 6 or 7 reports, since he came on a one year from his home Embassy? I've got a 90 due, 2 weeks before my extension is due.

    90 day reporting an extensions are completely separate. But you could do the report and extension on the same day as you can apply for the extension of stay 30/45 days early. Even if you apply early the extension will still start from the end of your current stay so nothing is lost. Basically you can apply for the extension two weeks early and save a trip to immigration.

    But it sound like I would need the 90 day report form, and a second set of copies, correct?

  2. I've seen buildings that were built to be condos but the builder decided to make apartments instead, in declining economies. Also, there are a lot of conversions of apartments into condos. People that are already living there get a letter saying they can buy or move. Sometimes, they have to pay people to move.

    Some of the condo buildings can almost seem like an apartment, complete with leasing agent in the lobby. Often times, the builder will retain the unsold units as rentals for many years...sometimes they are the best units, sometimes they are all on the lowest level.

  3. they can't force you to sell your primary residence, but can have a lien on it, that would have to be paid to transfer ownership, with interest. Varies from State to State, a little. The problem with the tax breaks for seniors is there are limits to the assets you can have. In one case, 350,000 USD....But, people do get taxed out of their homes in the US....New Jersey comes to mind....there are people with annual tax bills that are more than what they paid for the house and land. Oh, and HOA fees can be crazy in the US.

    Nobody gets "taxed out" of their home in America. The value of the property has increased VASTLY to cause the taxes to be greater than the original purchase price.

    If they don't have the income to live in such an EXPENSIVE neighborhood, then they can sell their home AT GREAT PROFIT and move somewhere less expensive.

    You talk about this anecdote like it was a bad thing, 5555

    I would be happy with the big payday, but for many, the houses that have been in their families for generations are priceless. Next time you watch the Arizona Diamondbacks in a home game, look at second base. That is the former site of a woman's house, who lived their for 90 years, and was even born in it. She didn't want to move, at any price. They got rid of her for about a half million USD, and sent her to an assisted living home. She was dead in 6 weeks.

  4. same with all the geniuses that go pay the US Consulate 1900 thb for a liar's letter. They say it's because they don't trust the Thai Banks, but in reality, they couldn't come up with 800K if their lives depended on it. Been hearing the "no lights on" thing for about 10 years. We have three units available out of 120...almost pitch dark from the outside at 3am....I think it means many have second homes, don't rent to trashpackers, and don't waste electricity.

    Even if prices fell by 50%, and you could buy for 6-9 times annual rent; they still wouldn't buy. Saw it in America, after prices dropped 80% (and rents only dropped 15%)...they still didn't buy, and in fact more of the renter chorus finally got off the fence and bought at the absolute peak, when "everybody was doing it." It was investors, including many Canadians, Chinese, and Australians, who came in and bought at the bottom; not lifelong renters.

  5. Oh, I forgot. In Arizona, someone can buy the tax lien against your property, collect 16% interest, then sue you in Superior Court for "Quiet Title" if you don't pay up, including legal fees. You would then be evicted by the Sheriff, if you didn't leave. I acquired a 3.5 acre parcel using this method.

    Google "tax sale."

  6. they can't force you to sell your primary residence, but can have a lien on it, that would have to be paid to transfer ownership, with interest. Varies from State to State, a little. The problem with the tax breaks for seniors is there are limits to the assets you can have. In one case, 350,000 USD....But, people do get taxed out of their homes in the US....New Jersey comes to mind....there are people with annual tax bills that are more than what they paid for the house and land. Oh, and HOA fees can be crazy in the US.

  7. Remember that campaign on Chiang Moi about not letting it become another LK? That was going on several years ago...may have coincided with Spicy's brief tenure there. People pissing everywhere is a common complaint.

    But back to LK...it seems like they could'nt care less about being empty from 5-8, which most of them are, more often than not. Another reason for my lack of support...no promos, no HH. Any decent bar is going to do a good business with the after-work crowd (or after naptime in CNX)...even if they have to give away some food or do big promos...some will stay until closing.

  8. quite a few with grandkids, who are ">" greater than 30. By 30, many have been burned by Thai men and have decided they like farang....but being seen in public is a different matter. By 40, their kids are grown, and they are sooo honee.

    • Like 1
  9. I'm early 50s and live by CMU. The girls are a little flirty, which is fine with me. Tuition is expensive; no doubt some are in the trade. Soapy Massage is about 200m from campus, and that's likely more convenient to the staff than its customers. I've met a number of farang that are real impressed with themselves for going away from LK and actually finding a "nice Uni girl at Warm-Up." It often costs them a lot more...I think it would be safe to say that the Uni girls come from better families, that value education, which is a plus, however women at that age are all on an emotional roller coaster and more than willing to take someone along for the ride. With a little luck, you can find one, who doesn't want to be seen in public with a farang, but will gladly come over for private times....it'll save you a bundle.

    • Like 1
  10. could anyone give one example of a fire sale price on a condo in Thailand...that shows a deep discount? I was able to buy three homes at 80% off+ in Arizona and Nevada in 2009-2010. Let's see if anyone can show one at even a 33% discount...after all, we're in a big slump, right?

  11. The lady across from me, built 4 shop houses of 170m each on her single family home property of about 260 wah. They are only two bedrooms, no kitchen, no a/c, but nice design with wide stair-cases. Completed in April. She's charging 28K for the end units, and 25K for the inner. A dental office moved in to a 25K unit, and until this week the other three sat empty. They just put a big air-con in front of the other inner. My guess is she borrowed on the lot, to build the block, and can pay her loan with rent from 1 unit. Also, she has determined that the higher rent will get a better tenant, that will be solvent. I don't think a Dental Office would move to save a few thousand THB. As much, as I was hoping for Beer Bar or Massage, I think she has the right idea...but she had good financing in place. Think how much wear and tear a restaurant could put on a place in the 6 months it took it to go out of business. Her land is valued at 100K per wah, right off of Suthep.

    Prom is a terrible location. Airport Plaza area would be way better, and the huge difference in land values would support that. I wouldn't be surprised if Imm is getting free rent at Prom, just to get the white hostages in there.

  12. Of course I don't want to hijack this thread, but...this is the best movie I have seen in months....No Down Payment, 1957, Joanne Woodward, Tony Randall....It takes a look at the lighter side of exurbia 1957...no nudity or profanity, but totally adult themes. Notice how big the freeways were in LA in 1957...also notice the billboard promising 52 USD per month payments.

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