Leaver

On 2/21/2019 at 5:52 PM, Wake Up said:

It is actually 1.5 to 1.8 percent if you leave the 800 k Thai baht in the account for a year. No investment in the world pays you 6 percent annually without substantial risk.

 

You are buying a high yield corporate or nation bond which is labeled a junk bond because you are willing to loan money to a company that is rated very low for a reason.  Or you are buying a risky REIT.

 

Otherwise the company would pay substantial less to borrow money. Don’t mislead people with your easy 6 percent yield per year. That does not exist in this world and has not for over 10 years. The thirty year treasury bond in USA yields 3 percent. To get double that yield you are in a risky investment. Don’t act like it is the same as a savings account or that the 6 percent is guaranteed. 

Banks in Vietnam are paying 6% to 8% interest per annum on term deposits. 

I know you are going to call them risky, but Thailand is the country under military rule, and with a Army General rigging the election to be voted in a PM, so I consider Vietnam to be a more stable country. 

14 hours ago, madmen said:

Wealthy friends leaving because of immigration hassles? What hassle would that be if your loaded.

Wealthy leaving because they prefer to eat Chinese food.. In china . Now that makes sense

Perhaps they no longer enjoy the lifestyle Thailand offers expats, and immigration was the final straw.   Wealthy, or not, if you are not happy with the service, you don't go back, or in this case, leave.

On 2/20/2019 at 9:17 PM, madmen said:

That makes no sense , Point 2 is just nonsense for obvious reasons. You sure your not stretching the truth a bit there old boy ?

In any case bit of bad luck that EVERYONE you know all bolted at the same time..terrible luck ????

Why is it so hard for you to accept that people leave Thailand for greener pastures? 

It appears Thai Consulates around the world are going to see a huge increase in O-A visa applications.  How long before those visas require similar proof of income?

8 hours ago, KhunFred said:

I will not overstay under any circumstances. I have all the required funds for the monthly method, but no cost-effective way to pay bills at home and transfer over 2000 USD to BKK Bank every month. My only option would be to move to Vietnam and hope that things will change over time so I can come back. I know I am not going to be happy in "Nam, I chose Thailand for sound reasons and the ease of the retirement visa process was one of them. Now it has become a nightmare.

Why do you think you will not be happy in Vietnam? 

3 minutes ago, Andrew Dwyer said:

Yes, that could well happen.

Someone on here stated that Thai Embassy in France requires that for a second O-A visa the 800k has to be in a Thai bank .

I would say they would have to tighten up this visa in the future.  People could have a trip home, see friends and family, maybe get a medical check up, grab a A-A visa, and come back.  They could possibly make it a yearly visit.  This is cheaper, safer, and easier, than the 800k in the bank.  

On 2/20/2019 at 8:38 PM, jesimps said:

Being married to  a Thai I'll stay as long as my money's my own, even if it has to be seasoned. I will switch though to marriage visa. If they bring in compulsory medical insurance, I'l be off to PI probably.

How can you say your money is your own?  They tell you what you must do with your money, and the amount, and the duration of that amount, if you want a visa. 

You don't get to use your own money, as you see fit, without visa consequences. 

On 2/20/2019 at 7:15 PM, Tony125 said:

You have no  idea what you are talking about.

1. You said a lot of embassies are no longer issuing letters----wrong. Only 4 embassies do not = USA, Britain, Australia and Denmark.   

2. You said there are cases of immigration not accepting 65,000 baht a month bank statements. That has only occurred when they have submitted it as proof of income and they have embassies that still issue the letters. If you are US, Aussie, Brit, or Danish you now have to use bank statements. If other nationality you still use a letter from your embassy.     

3. Neither the O visa or any other Thai Visa requires that you have health or life insurance to get.

You are correct, currently only 4 embassies not issuing letters, but there are a lot of expats from those 4 countries here.  How long before other embassies follow?

Read on the visa forum.  There are cases of statements showing the 65k deposits not being accepted.  

On 2/19/2019 at 10:43 PM, Andrew Dwyer said:

Or people make a trip back to their home country, get an O-A , good for two years, no insurance, no transfers, no deposit .
Seems like the best option to me .

I expect this will be the visa of choice for many now.  So how long before that visa tightens up?  After all, it doesn't capitalize Thai banks.

On 2/21/2019 at 5:49 PM, ThaiPauly said:

Where are these strong signals coming from Jingthing?

Will be a game changer for many of us who can't get cover for pre-existing conditions if it's true.

 

Many Insurance companies will not insure you over 75. Surley the powers that be would realize this?

 

I recently had a quote that only covered me for cancer , 5k English pa. So I have a lot of money put aside for health cover, but I am not going to waste it on insurance that I don't need.

 

I don't think I will stay if they bring it in, I can cope with most of the misery they pour down on us, but this would be one step beyond.

A Thai Insurance Company could possibly step forward with a junk policy for farang that gives them a policy for visa purposes, but has so many things that the policy doesn't cover that it is useless.  

I expect Thai Companies will get on the farang visa gravy train, as the Thai government has. 

2 hours ago, champers said:

Start a poll. No need for you to speculate then.

I started a poll before.

https://forum.thaivisa.com/topic/1084951-farexitfarangexit/

On 2/18/2019 at 4:53 PM, SheungWan said:

You appear to have a limited view of the range of visas available.

Not really.  There are already cases being reported on TV of the 65k monthly bank deposits not being accepted.  Probably because they think a lot of the 65k is recycled money, and they are probably right.  It was to be expect this would happen. 

A lot of Embassies not issuing the letters now.

There is the O visa which requires insurance.  I can imagine the price for an older person with pre-existing conditions.  Probably can't even qualify for insurance, so that visa is out for them.

That leaves tourist visas.  So the whole thing goes full circle with many back to living on tourist visas here and doing visa runs.  

Or, people just overstay.   

An informal poll.

Will you be a Leaver or a Remainer? 

Some believe the majority on monthly income will raise the 800k and remain.

Some believe the majority on monthly income will leave.

Will many chose to overstay?

Will there be a mass exodus of foreigners over the next 12 months, or very little difference in foreigner population in Thailand?