rocksniffer

I believe that house prices in Australia, and elsewhere, rocketed because of supply and demand. More buyers, but no government permission to build new houses. Deliberate policy for the government to get more tax from the "high priced" houses. Land in Bangkok is already more expensive than London. So maybe the prices would not skyrocket. Outside of the big cities, allow houses / condos to be built. Supply and demand to keep the prices down. The problem will be. You buy your reasonably priced property in Thailand. Live in it, and after 180 days you become liable for Thai tax.

A check first. How many members have USD or other foreign currency accounts in Thailand ? And how easy is it to get one ? It used to be a difficult thing. Is that still the case ? You cannot be a financial hub if you cannot easily transfer foreign currency. These days I live in Indonesia. My bog standard bank account has 10 different currencies available.

Any time you interfere with the free market, unintended consequences can occur. Some years ago my American friend wanted to sell his condo. It was in his name. The Thai guy next door had been trying to sell his condo for B400,00. Not one inquiry in two years. My friend sold his condo for 1 million baht in 10 minutes. Please explain how limiting foreign ownership of condos is helping the Thais ?

https://www.imigrasi.go.id/en/permohonan-visa-republik-indonesia-wisatawan-lanjut-usia-pensiunan/ Basically apply for a one year visa via a Travel Agent, as they will sponsor you. In Bali, ability to pay USD 500 rent per month, and spend USD 1500 per month. And the real quirk. Must employ two Indonesians. It used to be one. That is, a maid. A retirement visa in Indonesia is not a new thing. Previously it was a bit more like Thailand where you had to have USD 17,000 in the bank, and then you get a one year visa. No mention in the link of 5 to 10 year visa. For me, I am married to an Indonesian. After 7 years of marriage I have a lifetime visa, although I have to visit immigration every 5 years.

The first time that I saw this discussed was in 1982. So don't hold your breath. Something that never gets mentioned. In the Vietnam War Era Americans could own land in Thailand in their own name. No special requirements, except to be American. I am not sure what year that was stopped.

It used to be very difficult to get PR in Thailand. In my 32 years in Thailand I never met one person who had PR. What is the situation today ?

Thailand is losing tourists to other countries that have made arriving just like before. "Singapore and Philippines bookings were at 72 percent and 65 percent of 2019 levels, respectively, while Thailand was at just 24 percent. https://www.thejakartapost.com/business/2022/04/13/southeast-asias-tourism-industry-begins-uneven-recovery.html.