PaulieAUS

10 hours ago, BritManToo said:

I live on around 40k/month, house, live in gf, kids ....... too old for the other rides now, but I can still watch from the sidelines. Never spent much more than 40k/month ...... maybe 60k/month in the year I first moved here and was out ever night. Can't understand how some guys spend so much, imagine it's mostly foolishness.

 

If I were living alone 25k/month would be more than enough, and that's still keeping the 3 bed house.

(assuming no gf rental, school fees, university fees, pocket money for kids)

I was living with the other half in BKK in a rented condo for a month a few years ago. The cost of the condo aside (30,000B in lower Sukhumvit), I was personally spending about 1,500B per day on average. Going out almost every night (not fine dining, just average-above average), seldom cooked.

If I was trying the rides a couple of times a week I would need closer to 100,000 a month.

I think to live comfortably in BKK to our western standards, pay rent, go out a few nights a week, hop on the fun rides occasionally, you're going to need about 65,000B minimum. 

Outside BKK you could probably make do with 50,000B.

How many Thais are earning 70,000B per month in BKK? <deleted> all. We are the flame and the women are the moths. 

2 hours ago, RichardColeman said:

Argh, but is your money ? 

We divorced and separated assets. Before your mind wanders:

*We met, married and lived together in Sydney
*She is a freelance architect, living back home in Issan and working remotely for Australian clients

Technically it was "our" money but it's her problem now and I am filled in on what's going on. Nobody like to see anyone lose money especially in Thailand where the debt recovery process is at best foggy. She doesn't need me to fund anything such as legal fees but we're just a little gobsmacked this person wouldn't pay back the loan. I am not talking about a friend either, they are family friends literally living in each other's pockets for two decades. A few people have pointed out that lawyers will do nothing but suck blood out of an already dire situation. Perhaps she should be winging it and see how much she can do for free at the court house.

It just goes to show that the word "loan" doesn't exist in the Thai dictionary. It's a gift !

3 minutes ago, Toscano said:

Private Lending in Thailand is very unwise , as it it more likely you will never get repaid , don't lend more than you can afford to lose .

In this particular instance a friend of 20 years might repay . Before lending you have to know the details as to what they are borrowing for , do they have a good secure job , or source of income from which to pay you back . Even a personal contract between lender and borrower is really no guarantee that your money will be returned . Thailand doesn't have any concrete legal system you can turn to to recover your money . Legal action will cost you money , but most likely you will never recover your loan .

Money was lent to start a food manufacturing business 1st Jan this year and pay off some debts and that business folded due to COVID-19 restrictions. The borrower has run out of funds, closed up shop and the inventory has been sold as well. That person isn't working right now, could be living off the 1.65MB, who knows? But anyway. whether they are lying or not is irrelevant as the money hasn't been paid back and they were meant to pay 100% of the 1.65MB by a certain date (no installments).  It would be quite easy for them to transfer that 1.65MB to family members anyway so there's probably nothing sitting in their bank account right now.

As they are family friends, they did engage a mediator to sort it out but the borrower stresses he is dead broke and can't pay anything. He will try to get a job once the pandemic peters out.

1 hour ago, sanuk711 said:

Did the loan include interest

Was the interest above 15% P/A

If there was no interest, then the interest will be set @ 7.5% P/A

Did a lawyer write up the Agreement

(if so) Is the Agreement a "Pledge Loan"

(If not) What witness are there to the Agreement.

Does the person own a home--(it doesn't matter if there is a bank mortgage or not)

 

I take it although you are divorced -your interest in the outcome is because some of the money come from you.

Unlike a lot of the skeptics on here--I think the (Civil) court system is a lot better than the west. The Criminal side is Woeful.

 

Yes its probably worth starting proceedings, because one of the foremost things they do in Thailand is try to get you not to spend money on a court case.

Divorces, breach of contract and collection of sum of money are among the most common of civil lawsuits filed in Thailand. When these cases are filed in court, the Thai tribunals still aim for a last chance of an out-of court settlement. A preliminary hearing is set not only for the identification of issues, but more importantly for the possibility of a compromise. They will appear before an Adjudicator (sometimes 2) before they reach the court stage.

If they (Adjudicator(s) are telling the respondent(the friend) that the Plaintiff (your wife) has a particularly strong case and will probably win--and asking her (the friend) what defense she has for refusing to pay.  Then a compromise is usually reached......(I'll pay a lesser amount---I'll pay x amount a month..... etc...etc)

 

An agreement directly from her friend may come as soon as the first summons is served. In the time I have lived here I have seen people walk away from Debts and their part of the marital homes. Throwing their arms up saying ....its Thailand--nothing can be done--- and sure enough when they walk away --their absolutely right--nothing was done.

 

 

*FYI__When the Covid started a Newspaper who's name I am not allowed to print or give a link to --done an article on private lending, as they felt it would be rife, I will PM it to you with it & a few other links that I am not to put here.

 

 

 

No it's a private contract signed between both parties in front of two witnesses. Standard contract apparently with no underlying security or interest terms. The reason being is that they are family friends who have known each other for a long time, they all know each other so just wanted something in writing. I know, all very daft but this is Thailand.

Yes the borrower owns a house under a mortgage and I doubt they have paid off much principal.

I've just don't think it's possible for a citizen to jail another citizen. How many businesses go under every day? I am sure many people lent money, are owed money, whether under contract or not. If you don't have the money to pay your debts to a person, why bother signing a paper? Different if borrowing from a lending institution but from a person? it's like free money.

And no, the lawyer didn't write up anything. It's literally a one-pager you can download. A very basic standard contract (letter more like it) with no bells or whistles.  

52 minutes ago, Lacessit said:

She loaned 1.65 million baht without any form of security over the loan? You certainly did not marry her for her brains.

If there is a contract in writing signed by both parties, a lawyer MAY be able to get some recovery. If the borrower has no assets to go after, tell her to forget it.

Family friends I guess. I've seen this happen quite a bit in Thailand, just wasn't clued up on debt recovery between private citizens. I would highly doubt one could be jailed over failing to pay back to a citizen irrespective of what was signed. 

9 minutes ago, holy cow cm said:

So if not lent already set it up against collateral or what it is being used for or against something solid like a house or a car. If already lent then this is really not a smart thing regardless of how good the friend is. Especially here. Really needs an attorney's advice. 

It's not my problem as we are no longer married but I suspect quite a few Thai women are in loads of debt so I want to make sure I ask this question upfront. The last thing I want to be saddled with someone being sued or suing.

The paperwork said no underlying security. They are Thai's after all.

1 hour ago, holy cow cm said:

What is the amount of the loan? Are you talking:

-thousands?

-hundreds of thousands?

-Million - Millions?

1.65 million baht

Family friends (not relatives), known each other for 20 years.

It's an unsecured loan, only in Thailand.

Family friend and all that. She won't be seeing a cent back but my question was, how can she enforce anything? If she makes him bankrupt then what. Jail time? What's the outcome? This is all very laughable to me.

I am still curious as to what the law is.

If a farang was involved they'd get totally screwed but what if a Thai lends to another Thai?

Hi there,

I am asking if anyone knows what the situation is when one Thai person (my ex-wife) lends money to another Thai person (her friend).

They signed a private contract which states she was the lender and he was the borrower and had to pay it back by a certain date. 

If he fails to pay what are her options for debt recovery? I would have thought zero because it's a private contract gone sour. Does anyone know what the law is in Thailand?

I am not involved obviously. We've all heard stories about lending Thais money gone sour but in light of that, this should be a private contract right so she's pretty much got no hope of getting any money back? Can a Thai person bankrupt another citizen?

Thanks for your insight in advance !  

I should add that the loan is unsecured.

9 minutes ago, faraday said:

Somewhat similar to your post about 2 weeks ago, when you said women don't have deep emotions...

 

I replied that you "don't know what you're talking about" - or words to that effect.

 

Bet you've never even been to UK if you believe that humour, nightlife & especially the food is "cack".

 

 

The quality of English dining has improved drastically since 2010. I wouldn't call it cack at all. The nightlife in London is certainly among the best in the world. I didn't mind a trip up to Newcastle back in the day either. 

7 hours ago, Logosone said:

The problem is, especially in Asia, at 18-21 they're on dating websites which are also the preferred hunting grounds for Australian sex tourists. So at around 19-21 they meet up with an Australian sex tourists who takes them to resorts, restaurants and they party it up for a few days.

 

It's not as if aussies are the only ones doing this !

1 hour ago, fredwiggy said:

They aren't mature enough to understand love until their mid twenties. They do what they see their friends do when they''re young, which is why there are so many fatherless children in the world. Greed and manipulation is taught by their parents, and somewhat by their peers.

The only real "love" there is in unconditional love. Conditional love is not love. <1% of Thai girls will love you unconditionally as for the overwhelming majority (the 99%), it flies in the face of everything they need which is money for themselves, kids, parents and in most cases their thai boyfriend marking time in the background. I highly doubt your love in unconditional. Turn the money tap off for a day or two and see what happens to your relationship. 

Thai girls mature pretty fast compared to western women and well and truly known the score by the time they leave high school. Money is what they are all after, irrespective of whether they are from a poor family or rich family, they are a money driven culture and money = power = respect. That's the value equation they live and die by. Love doesn't fit into this equation. As previously mentioned, there's no love without money.

Age is almost irrelevant in Thailand. I am in good shape and can easily pull 21 year olds despite being almost a generation older. The farang is a means to an end and unless you look like a drop kick, you can pick up anyone you want in Thailand. Just look the part, keep in reasonable shape and you'll be dating a different bird every day if that's what you want. Even while on holidays in BKK I will walk around in a suit in the shopping malls. It's not difficult mate.

The same 21 , 27, 34, 37, 44, 47 year old thai lady is not chasing love from us or Thai men...it's the money they want. But I've been told quite a few times I've lost count that us farangs are more handsum, won't dump them as soon as they have kids and are more gentle than Thai men.  Thai men must be really abhorrent huh?

55 minutes ago, Logosone said:

I know you're awake now. What I meant is that women deteriorate strongly in looks so if you wake up in ten years and look to your right I hope the sight you see will not put  you off completely.

 

My problem is that I need to have a very attractive woman, but attractive women will become unattractive from age 40 generally. I can't even imagine waking up next to a 50 year old woman, that would be a total nightmare.

Fully in agreeance but change age 40 to 34. I've identified that 34 is the tipping point where their market value is close to zero. For Thai women it peaks at 21, slowly declines to 27, 28, 29 and by 30 falls precipitously and by 34 they are washed up and no Thai man wants them which is why most of the ones in their 30s take English classes in the hope of securing a farang donor ($ and sperm). 

I am almost 40 and the thought of a being in a relationship with a woman over 34 scares the living daylights of out of me right now. I don't find any of them sexually attractive. It could be a problem for me as I age and I'll have to deal with it there and then.

The notion of waking up to someone over 40, over 50...geez over 60, I don't know if I could stomach that. What does it feel like to touch a woman in her 40s? I don't ever wish to find out

43 minutes ago, fredwiggy said:

Beta male move?  lol  I guess you really don't understand what a woman's for. It's not a raw deal if you're man enough to help your other half. Women are not sex and household slaves. This isn't the Middle east (in some places) or caveman times. Being a man means you protect your wife and family from harm. That's the alpha part. Helping around the house to make her life easier isn't subordinate but right. What you and a few others do here, buying companionship, will leave you all alone someday, with nothing to look back on but paid "love". It's in everyone's genes to want more, but a mature person will be happy with what they have, as long as it isn't hurting or using them in some manner.

Here you go moralising again....

OK I am not buying any companionship or anything mate. I was last in BKK for a few weeks before heading back home and didn't pay for any of it. I am happy living in solitude, keeping all of my money and don't need a woman to "complete me", much less a Thai lady ! I guess when I am in my 50s I might look for someone to live with but I won't be getting married again and will be prepared to walk at any time. It's more important they respect you rather than love you. Love is all b/s anyway, esp as we all get older. I sure as hell won't be lifting a finger if I am paying for everything, I can tell you that right now. Domestic chores won't make Thais happy so what's the point? They only want two things: money or gold.

1 hour ago, fredwiggy said:

I don't pay for my wife. I pay because I'm retired and I bring in the money. When she finds work around here, we both do it. I do half and more because I want to, not because I have to. It was the same back in America. We both worked, and we both shared the household duties. She put in what she made like I did. Didn't work out for other reasons, but it wasn't because of the former.

If I was paying for my other half, I would not be doing anything around the house. That's such a beta male move.

My ex-wife who was Thai but we met and lived in Australia paid 50% for everything as we were both working and shared assets and bills together. She was an architect and on good money and didn't ask for a dime from me.

If I was to live in Thailand and find a local, it's highly likely that I'd be paying for everything (they are all poor and/or broke) so it doesn't make sense for me to lift a finger to help out around the house to appease the other half. Why sign up for such a raw deal? She won't be happy even if you pay the bills anyway and give her money. Thais are never happy, it's in their genes to always want more more more. Therefore what you should be doing is spend as little as possible on them, focus on your own happiness and manage a female rotation system. 

18 minutes ago, bwpage3 said:

 

If I had to equate having sex with Thai women as a great thing, I would say I was an under-achiever 

 

Haha !  Sex with Thai women (read: free) is certainly not an achievement. It's so bluddy easy to get laid there as I am sure many lads on here can affirm.

1 hour ago, fredwiggy said:

 A woman in her forties knows how to love a man also. 

Back up , back up, back up !!

What the hell does this mean ?!! What does age have to do with it? 

Please explain. You've opened a can of worms now.

54 minutes ago, fredwiggy said:

I've seen women from many countries at 40-50 that were absolutely beautiful,with bodies to match. Some exercise and eat well all of their lives, and most don't, and start looking it at 30. Love comes with strings in any event. Most women want a man who will take care of her and the family. That's traditional, like the 50's in America and other countries. That's the same as it is here. Thai women live in a country of men that fail in may aspects of family life. They look to foreigners to do a better job than they have seen done here. Some do, some don't. You cut the money supply anywhere and see what happens. And anyone that "sidelines" women, and especially their wife, for aging needs to for one, look in the mirror. Two, if you look at your wife as an object, and object she will be, and when she ages, you will replace here with someone younger because the "object" got lines, a little fat or gray hair, and she wasn't as attractive as before, just like you did. Like I said before, my wife is still beautiful, and surprise, doesn't have cracks yet. She will get them, as I have along the way, but she doesn't seem to mind.

The difference is that youth is the currency upon which most women trade. Our currency is literally just that, currency. Once a woman hits 30 her currency is devalued and by 35 her currency declines rapidly and there's not a single damn thing she can do about it. 

I don't need to look at myself in the mirror as a man approaching 40. I know the score. Yes we all get old but we can offset age by keeping taut and trim. As we get older fewer women will find us attractive but we can compensate with our wallet. However in Thailand there will still be a sizeable segment of females that will find any man attractive well into his 70s. We're fine. We're good.

As a recently divorced man, I will be playing the field and trading the car in for a newer model once the mileage creeps up too much for my liking, because I can and I will. I have no intention of being monogamous for the next five years so will continue to play the game.

Anyway. there's no mystery to all this, it's how the game works. If you want the younger meat you'll need to pay up. You can moralise all you want as a married man, it won't change the game. Youth is the currency of women, especially in Thailand. 

And there's no such thing as a "hot" woman in her 30s. She might be beautiful, but won't be hot as it were. I have never found any girl "hot" over the age of 25.  I am chatting to a beautiful girl online who is 33 and even she says she is old and worried that I will stop talking to her and chat up girls in their early 20s. She's got every right to be fair dinkum concerned by my averting eyes. 

2 hours ago, fredwiggy said:

Exactly, don't "buy" a woman for love, find one. Women love if they are treated right. Everyone has their moods, and if you're not dealing with a mental issue or a narcissist  from her parents neglect or abuse, they all have the capacity to love. My wife is beautiful at almost 41 ,and hasn't aged much at all in the 5+ years I've known her, except for her joints hurting sometimes (not as bad as mine do). Isaan women exercise by work, and stay in shape because of it, unless they get "Americanized" by food and have a lazy husband, which rubs off.

I don't think Thai women are capable of unconditional love unless they already come from money and don't need your money, which means they can focus on loving you.  But we're literally talking about less than 15% of the female Thai population with that coin. For the large chunk love will come with strings as money is always a factor with them, if not initially then most certainly down the track. I wouldn't call that true love at all.

Cut the money supply and see what happens. 

A caucasian girl will peak at 18-24 whereas for Thais that might stretch to about 29. Once they hit 30 the cracks start appearing and at 34 it's the inflection point where they are sidelined (love that word) for fresher meat. 

43 minutes ago, BritManToo said:

You've only done the easy bit.

At 40 women tend to deteriorate fairly quickly, their looks, their personality and their tolerance for you.

She will give you less attention and shout at you more.

All her 'nice' feelings and behaviour towards you will disappear.

 

It's sad, but that's the way life works.

Love lasts if you both want it  ......... the woman never wants that

(and with a 23 year age gap it's unlikely it ever existed in the first place).

 

She will age slower ........... did you forget menopause?

Fully agree but I would say they deteriorate at around 34. 

Women love opportunistically, not idealistically. If you want love go buy a pet, not a woman. 

On 4/23/2020 at 3:01 PM, pineapple01 said:

There are no Starbucks in Italy anymore and not many in Australia

Starbucks in Australia is very much aimed at imports from s/e asia and china and their stores are almost all operating in precincts where these people live. Locals wouldn't be caught dead in Starbucks and yes they closed down the majority of their stores in Australia. We see starbucks on the same level as mcdonalds coffee and you would be embarrassed to be walking around with a starbucks takeaway cup or merchandise in Sydney that's for sure and certain.

If you want proper coffee head over to Kaizen in Ekkamai. The guys working there worked in cafes in Australia and the coffee there is top shelf. You are paying close to starbucks thailand prices but it's very much worth it. The food there is also great.

1 hour ago, mberbae said:

If the Thai Economy is in such dire straits, WHY is the

Thai Baht being kept So Strong ??

Back up to 21.1 against the aussie dollar. Hopefully it gets back up to 25.

1 hour ago, BritManToo said:

Thai girls were the best at convincing you they really cared about you.

Filipino girls were the prettiest, smallest (cheapest) and very easy to talk with.

Viet girls were the coldest and hardest.

Cambodian girls were the most desperate.

 

I did go to China but it was a rural area without any foreign tourists and it was impossible to communicate with anyone.

And if I just want no strings attached fun, who is the best?

I don't want to spend too much time or money getting them under the sheets.