MadMuhammad

I recently purchased a property under ‘owner finance’

We paid a 3mil deposit on a 5mil property (discounted from 6.5). We attended the land office and the chanote was registered in my wife’s name with the finance stipulation recorded on the back. We also signed a contract that laid out the finance, 30K a month over 3 years with 3-5% interest and a final payment of 1.08mil and loss of rights with 60 day default of payment. 
We were sure to do due diligence with a reputable lawyer before going ahead. 

8 hours ago, sometimewoodworker said:

Not correct, as of the middle of last year there is a second Apple Central World Bangkok 

thanks for the update, I obviously missed that one ????

2 hours ago, Peterw42 said:

People have mention it in other threads, it is possible. Not sure what the actual process is, I think some documents from TW and based on those documents bank will do an FET, or TW can arrange the FET .

I recently did just that. Very simple process ????????

I recently ‘imported’ 3mil baht for my property deposit. I used TransferWise to my BBL account and I was better off by 60000 baht over swift or bank transfers due to superior forex rates, even after fees. 
 

I presented my sale contract to BBL and they supplied me with an FET (foreign exchange transaction) that will allow me to easily ‘export’ the same amount in the future if I should decide to sell. 

25 minutes ago, Neeranam said:

I'm interested in buying a house/condo in Pattaya now. Seems like it would be a good time.

I believe so. But as always one needs to put in the legwork.
I recently bought new with a 1.5mil discount after a reasonably short period of negotiation (around 25%)

14 hours ago, the green light said:

Pattaya has always been "the ripoff farang city"  Farangs did not mind as long as they can be well entertained.

 

Even before the pandemic the bars used to be filled with old ladies. the young ladies are gone because they wanted younger clientele.  Now they are desperate, hope they can come back and realize who has money. Restaurant well already poor quality and expensive.  So no loss to patttaya there between the old grand ma working the bars, poor quality restaurant.. May be the city can be improved and thai people come back with a different prospect towards farangs.

 

The only people who have money in thailand now are the farangs

 

What Thailand needs is more poverty so the white man is king again, right? 

And just like that they’ll be back again. Non story 

Sorry to hijack. Is the letter from the bank required on initial application for the extension (my 2nd) or is a copy of the updated bankbook ok?

12 hours ago, Guderian said:

Given that a normal retirement extension costs just 1,900 baht, perhaps the Elite customers thought that they were entitled to forego the annual extension having already stumped up a million baht, give or take. Understandable, but it just goes to show that no matter how much money you fork out in Thailand, you still need to read the small print. 

and it’s not even in the small print. More fool the person that buys a product they have not researched and understood properly 

My Wife just arrived on huay yai from Samut Prakan. No stops no check points 

2 minutes ago, Bender Rodriguez said:

I hope the whole over reacting was worth it... 

well I guess looking at the whole under reaction thing in the UK & US, with their world class health system no less, gives us an indication of its worth here 

13 hours ago, ChipButty said:

Got to be more than that in Phuket alone

the official population in Phuket is just under 500000, and that’s in peak times. Even accounting for extra people to service the tourist industry (a lot of them would have left anyway) I think you’re being a little dramatic 

On 1/17/2021 at 10:38 PM, Natai Beach said:

There isn’t anywhere.

 

Thailand is miles ahead of second place, wherever that may be.

 

I probably would have stayed living in Australia, but probably moved from cold Melbourne to sunny Queensland but that would not have given me a life even half as good as Thailand does.

nothing better than Melbourne in late spring/early summer. The rest of the time it’s a total <deleted> shoot temperature wise lol

On 12/26/2020 at 6:17 AM, jayjay2001 said:

You're welcome.  I'm glad my post helped ????

Problem solved x 3 ????

9 minutes ago, transam said:

I know a bloke who paid out a lot of money for a huge party to get married, we all watched the thing before we dived into a few pints.

He thought he actually got married, I had to break the news that it was a posh village wedding with no paperwork.....????

Well that’s a bit awkward mate! 

On 1/10/2021 at 1:08 PM, transam said:

Hmmmmmmm.......I wonder who signed the witness papers....????

yep dunno. Maybe I’m not married..... ????

I got married at Banglamung office 20.02.2020 with no witnesses. Strange

I had a buddy from Aus arrive on 7th December, out of ASQ 22nd. Now in Phuket with his gf enjoying himself. 2 others I know are in ASQ now 

BKK Hospital Pattaya

The New Covid-19 RT-PCR Screening Test is now available (bangkokpattayahospital.com)

If anyone is curious about health insurance that covers covid Pacific Cross has well priced plans.

3 hours ago, Surelynot said:

Only 4 1/2 days left...what could possibly go wrong now?

The universe says hold my beer ????

On 12/26/2020 at 4:04 AM, sirineou said:

I am still 7% from where I was before covid, I took a big 20% hit when covid hit, and clawed back 13% then in August I parked my portfolio in an interest only account to ride out what I thought would be a second wave. The second wave came but it does not seem to be affecting the stock market. I was thinking about going back in but now with the new covid strain I am afraid that if it makes the Vaccines ineffective, the market will tumble again.

What you think? 

 

PS: I hope like the guy above, you dont wake up after the party and have to reconsider you driving skills . LOL

That may happen but in time they will come back. I copped a spanking in March/April but am back to near parity pre-covid. Diversification, solid companies with strong balance sheets and time are our friends. It's not sexy but it works

I married the sweetest girl I've ever met and purchased a home here, two things I thought I would never do. I've faired much better than many and for that I'm very thankful

On 12/25/2020 at 9:58 AM, Surelynot said:

You have to ask....why on Earth would you buy property in Thailand?......buy in your own country where you know the laws and the market....rent it out and use the income to rent in Thailand.....just saying.

I bought my property to live in and reduce my living costs. I sold my fully paid for home in Australia because as a foreign resident for tax purposes it wouldn’t be worth the effort put it in the rental market, what with government income taxes, property management fees, repairs and maintenance (very high end fittings and accessories) and above all the CGT hit I would take if I had to or wanted to sell at a later date. 
I’ve committed my life to living in Thailand so it made sense for me