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Why Me

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Posts posted by Why Me

  1. 1 hour ago, DrJack54 said:

    I'm not yet in window to try and submit report, but have checked out what form looks like..

    What did you change in what you typed for address. Looks pretty clear..

    Screenshot_20211229-163017.jpg

    I have a copy of what worked but I'll try to remember what didn't the first time.

    Fail (from memory)

    Building Name / Owner Name: XYZ Tower

    Address No: 12/34 Soi Mysoi

    Soi/Road: Soi Mysoi, Myroad Road

    ...

     

    Success

    Building Name / Owner Name: Apt. 1234, XYZ Tower

    Address No: 12/34

    Soi/Road: Soi Mysoi

    ...

     

    Address seems to be key. My guess the program checks (very simplistically) with the applicant's address on record. Suggestions:

    1. Try to keep the formatting as close as possible to what worked before (online old system, mail-in).

    2. If rejected keep trying with different address formats. I reapplied immediately after the reject so clearly a rejected app just resets the system to zero. So I am sure you can try repeatedly  without penalty.

     

    Good luck!

    • Like 1
    • Thanks 1
  2. The guys above listing points to look at don't know all the points. You are going to be at one end of a contract governed by Thai law. No poster in this thread has credible expertise in Thai contract law or the ins and outs of what to look for in a multimillion b. asset sale (prove me wrong - "I bought and sold 5 properties in the last 10 years" is laughable).

     

    Get a reputable legal firm on  your side. Think of it as health insurance. You may hate paying the premium each healthy year but that proverbial bus could be around the corner. Heck, even 50k b. legal fees is 1% of a 5mil deal. It's cheap insurance.

    • Like 1
  3. 1 hour ago, thaibook said:

    I would like to suggest there is more to owning property than the financial return

    I did say financially it makes no sense to buy here. If other factors like pride of ownership etc. come in, then that's another matter. I make no claim other than financially.

     

    1 hour ago, thaibook said:

    When renting you are at the mercy of the landlord especially in a country with no balanced system of justice. 

    Actually it's the other way around:-) Landlords, especially, those who make a business of it with multiple units are desperate for long-term residents. Case in point I moved into my place in 2002 for 25k/mth. After a couple of years told them that I won't move if they lower to 20k. They did and that's what I have been paying since.

    • Like 1
  4. 3 hours ago, Guderian said:

    And if you're staying here for more than a few years, then definitely buy, only an idiot would rent here for more than that length of time. I've owned my house for more than 10 years and have already saved over half of what it cost me by not having to pay 30K Baht a month to some stranger.

    Hmm. I did the math years ago. Rented and kept the money in the US market. Made out like a bandit, i.e., made multiple times my rent money over the years.

     

    Keep in mind rent is cheap here, typically 3-4% of purchase price. Unlike the US where it's more like 10%. And markets typically return 7%pa in the long run (though it's been much more than that past few years) so there's your differential right there. Plus in the US there's owner's tax breaks, not here.

     

    Bottom line, financially there's no advantage to renting in Thailand if you have access to a western market to invest in. But, of course, some like to own, fair enough.

    • Like 2
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