H508

Thanks for all the feedback. I wouldn't have assumed it would go to jungle, haha. We'll do a one year contract with the previous owner for next year and see how it goes. Regarding building on it later, the land is chanote and I could throw a rock and hit the moo baan, so I don't see the problem with building. It already has electricity and water. Maybe I'll need a permit and get local building approval, but don't see that as an issue.

Wife just bought a 7 rai plot of land in Muang Buriram. Currently, it's all rice field that sits right outside of a small moo and 15 minutes to the center of the city. In 15 years when I (we) retire from the USA, we'll move there and build our main house and have a little hobby garden & pond with this 7 rai parcel. The question comes up in what do we do with this land for the time-being? It's about an hour away from her family's village so it's too far them to use. Do we: - Allow the neighbors to farm the land? Both the previous owner and the independent sales agent (and probably next door neighbors) said they'd work something out with us (pay us some money for use of the land, or what my wife seems to prefer is just X bags of rice that we can give to her parents for their personal use each harvest) - Allow it become completely fallow? I think the answer may reside in the middle somewhere - allow it to farmed for rice for 5-7 years, then 5 or so years let it be fallow/grow cover crop, then a few years before we move we can figure out the final plan for the land. Any thoughts from those (possibly) older and (definitely) wiser than I?

I looked at the article but it didn't give any more info. I'm going to be purchasing land mid January; I wonder how much I'm saving when I split the tax 50/50 with the seller... Edit: found another article with all the details. For me: Measures to reduce the registration fee for housing rights and juristic acts in 2023 by reducing the registration fee for transferring real estate from 2 percent to 1 percent and reducing the registration fee for real estate mortgages from 1 percent to 0.01 percent for trading at Residential, including single houses, twin houses, row houses, commercial buildings, and condominiums (both first-hand and second-hand houses), only with the purchase price and the appraisal price not exceeding 3 million baht and the mortgage amount not exceeding 3 million baht per contract.

I like how the video closed that democracy is back in the nation with Rama X lol.

That stings. Reason/justification given and what was the ultimate fallout with the girlfriend on this topic?

Absolutely causes more harm than good. For the majority of Thai people that are poor, instead of saving money and providing a better life for their kids, they're having to spend that money on parents instead, so they're never moving forward. Granted this is more in general and not specific to the article which deals more with lawsuits.

With the never-ending (5 month) saga of trying to find land to purchase in Thailand, we finally found one that probably checks enough boxes and wanted to see what the extremely knowledgeable and sophisticated patrons of thaivisa aseannow think. The boots-on-the-ground opinion, as it were. As most are probably aware, land prices are going through the roof and there seem to be a lot of speculative sale offers testing the market with stupidly high prices (rice land outside of a major city ring road going for 800k-1mil baht a rai...). The things we want are: 4-7 rai of farmland that will be suitable to build a house, not be in a moo/subdivision so we have some space (This land is actually just under 9 rai so more than we want, but not unreasonable) within 30 min of a major town (This land is 20 minutes to Kalasin, 25 minutes to Mueang Maha Sarakham, 45 min to Roi Et, 50 min to Khon Kaen) within 10 minutes to a small town for errands (only a few minutes outside of the "downtown" Yang Talat) Within an hour of an airport (55min to Roi Et airport, 1hr5min to Khon Kaen airport - people keep telling us that they're planning on building an airport somewhere around Yang Talat to service Kalasin/Mueang Maha Sarakham; that seems like a bad idea, but this is LOS, so who knows) Not too far (or close) to her family - Her brother's family lives in Chiang Yuen (closer to Khon Kaen) which is about 25min away. Her aunt and mom live about 1hr25 min south of here. Preferably on a paved highway or with really easy access if just off a highway. Has chanote, electricity, water (check) Under 350,000 baht per rai. Any more than that and the land better be AMAZING. (This land is 340,000 per rai, so right at 3.0 million baht with the seller paying all taxes) Location is here in Yang Talat on the main highway 12 that goes E/W between Khon Kaen and Kalasin or N/S to Mueang Maha Sarakham: City-view of Yang Talat here: Close-up: Currently is rice land where they get 2 crops a year. We won't grow rice, but it's nice that the land/water is good so when we do plant vegetables/fruit trees for ourselves, we should be set. Since we're currently in the US, we're having her brother check it out for us this week for actual pictures of the land - The real estate pictures don't have many good shots of the actual land but they promise it's very nice... It is off the highway and currently does have some dirt roads, but I think in the future these will be paved as the town continues to grow. Currently, there is just a small piece of dirt road that goes over the canal before it connects to a paved road in front of the land. And then going the other ways, they're already slowly paving some sections so would have to expect in the near future they finish the other stretches, and possibly even pave the 2 roads on each side of the canal back to the main roads north and south of my current position: Any thoughts? Everyone tells us that 340,000 is still pretty high, but everything else we're seeing in the past month or two between Chiang Yuen and Yang Talat is 800k-1m per rai so I'm not how much of this is just conventional wisdom from land going for 100k or less X years ago. I don't think any of us believe that prices for land will ever go down, so this seems palatable enough given most "reasonable" land we see around 250-350k per rai.