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yogi100
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7 hours ago, BritManToo said:The main issue I have with the insurance policy is I don't want to waste my money.
75 isn't an age I ever expect to reach, at 64 I've already beat my parents (who both died of cancer in their early 60s).
Bear in mind medical science and cancer research and treatment has come on in leaps and bounds since then.
I was in hospital with a broken leg in 2008 and people were coming in for cancers ops and going home 3 - 4 days later with instructions to come back for a check up in 6 months.
The looks of relief and happiness on their faces when they were discharged made you realise what a treasure our National Health Service and its workers really are.
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1 hour ago, Jingthing said:Many more than a few do but in my view that's not nearly enough to have a decent retirement in the USA unless it's a low cost area, the home is mortgage free, and the pension is significantly higher than average. But that should still work in Thailand and a number of other "retirement visa" countries but as some have mentioned there are other potential deal breaker issues such as health insurance thing if it migrates to Os.
4 percent "safe" withdrawal rate on 250K USD is 10,000 USD. Big whoop!
For Christ's sake not everything centres around the USA.
Forget your USA and its financial structure. American residents are a small minority in the the LOS. What affects us falangs in Thailand are the domestic Thai financial and immigration regulations.
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3 minutes ago, Number 6 said:
But I wasn't. I was replying to a comment in which the poster mentioned USD. Specially, 250k USD.
You missed that and felt a need to chide me for it regardless.
I was not chiding you I was simply curious as to what you had to say on the matter. However if you want to just use USDs when discussing financial matters on an international form that is based in Thailand feel free to do so.
Others are free to quote prices etc in Oz$s, GGPs. NZ $s, Canadian $s and Euros etc but for the sake of convenience they generally tend to use TBs which are familiar to everyone and therefore easier and quicker to convert to their own native currency.
It just makes things easier all round. Out of interest what is $550K in Thai Baht?
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2 minutes ago, Number 6 said:This was specifically directed at someone who posted stating that 250k USD was pretty much untouchable *wealth*.
As a roundabout figure which obviously you don't have given the comments it's imo the bottom end of what life costs. Granted I get by on about 35k including domestic holidays. My wife pays her part outside main expenses.
As for being able to calculate it all. Not much of an international expatriate if you can't calculate half dozen currencies roughly in your head. I mean I'm just a stoopid murkan and can do nearly ten.
I've not said I'm an expatriate let alone in international one nor am I as mathematically gifted as you obviously are.
It's just that if some tells me how much something is in baht I immediately know how much it is in GBPs.
By the same token if I quote the price of something in GBP I also quote it in baht for the convenience and out of consideration for those who are unfamiliar with the value of the Pound Sterling.
It's not a lot of effort to make really if you are addressing an international audience.
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37 minutes ago, HHTel said:It is a common perception that everyone's leaving but I don't think that's the reality.
However, there are 72,000 retirees in Thailand according to 2019 figures. If every one of them moved on, it would hardly be noticed. It would give immigration officers an easier time but apart from that, Thailand does not need us and would get on just as well without us. We are not as important as some think!
But a fair few of 'em have set up families who are partly or entirely dependent upon them. These expats are very important to them and IF the govt are bothered about these families they might be pressured into being a bit more hospitable towards these breadwinners.
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8 minutes ago, Number 6 said:
250k USD is hardly wealthy. In fact the average home, average mind you. Runs about 200k.
Hopefully at the end of ones life you have 1500usd pm until 92yo. About 18k per year. Maybe 15k plus interest, dividend.
So, about 550k USD. If you don't have that I would highly advise returning home and hunkering down.
Why would you advise that much. I'd like to have 550 million baht!
Bear in mind Americans tend to be appreciably more wealthy than the rest of us. A friend of mine in Pattaya survives on fish head gruel and rice. You've never had to eat that.
And what is 550K USD in Thai Baht so those of us who are not Americans know what you are talking about. All nationalities read this forum not just people from the US.
If you do the conversion to start with it saves the rest of us having to do it, that's if we want to know what you are talking about. We all know what a million baht is in our currencies.
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1 minute ago, saengd said:
Sure, but we're talking about Thailand and retirees here, not those back in blighty! If a person retires to Thailand with anything less than those figures they can only expect to run into problems. Gone are the days when a state pension was would fetch 80 baht per Pounds and the cost of living here was very low.
I know retirees who came out to live the Life of Riley when it was 74 to the GBP but never 80. In fact when I first came we only got 32 Baht to the GBP considerably less that the 38 - 39 we're getting now.
Never the less they still decided to retire in the LOS because in those days if they wanted to retire in a tropical climate along with its other attractions Thailand was the only place that fitted that bill and was affordable.
As far as I know not a single one of 'em was a clairvoyant or a psychic and it's those people we are discussing because they are the ones who are now 'Bailing Out/Jumping Ship'.
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54 minutes ago, saengd said:
I think you need to rethink that one, my take is the exact opposite, few people wont have those things!
I don't need to rethink anything at all. Millions of working people from all over the globe will never attain such wealth.
Millions of OAPs in the UK live in rented accommodation and have just a state pension and a bit of pension credit to live on. Many of them can't even afford a holiday let alone an overseas retirement.
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11 hours ago, sirineou said:People spend hours complaining about the time and inconvenience if filing for an extension .
If you don't have $27,000 to spare you are not ready to retire and should continue working.
IMO to retire one needs at least $250k in assets and a pension or other income .
Be real, Few people are ever gonna have the equivalent of $250k in assets and a pension or other income when they retire.
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12 hours ago, ThomasThBKK said:That's really just their own arrogance.
You can't demand to go to a random country and live there forever without proofing you have the means to do so. That doesn't fly anywhere in the more or less civilized world.
Yeah the paperwork is annoying but it's really only a few hours of work per day.
How serious of an expat can one be if that's too much?
"You can't demand to go to a random country and live there forever without proofing you have the means to do so."
What about the UK!
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12 hours ago, Ron jeremy said:I'm in Pattaya right now with my balcony door open to the elements and the air is as clear as crystal.
And this is at 11.22 am on 22.12.19 bang in the middle of high season when the town is at its busiest and the traffic at its heaviest.
The visibility is 16 kms, there's no wind and 15% cloud cover. A typical day's weather in Pattaya.
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16 hours ago, toofarnorth said:So why read Thai Visa ? I left England and have made my home here , my 400,000 B is in the bank . I don't read any , not one English newspaper , I don't need to know how cold it is , how much more a ticket costs to get into the city . Why are so many complaining on here today ?
Why do you post on Thai Visa if you object to hearing opinions that don't concur with your own.
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13 hours ago, Traubert said:It is my firm belief that those who boast of leaving (and their plethora of 'friends and aquaintances/family/neighbours/Fred down the pub') are really crying in their beer in some god-forsaken backwater like Vietnam or Laos and feeling their heart strings inexorably tugging in the direction of Thailand. They only visit here seeking validation.
Never jump before you're pushed.
Always jump before you're pushed. You can then decide where you want to land.
It's all about Preparation and Location.
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14 hours ago, BoonToong said:I've lived in TL for 8 years. I'm now looking at other places to live for when my 'Retirement Visa' expires March 2020. A number of reasons, any of which in isolation would be kind ok, but when looked at as a whole, it's just a pain in the buttocks. Here are some of my reasons:
- The 'GF experience' doesn't seem to exist any more - I used to really enjoy that
- Increased alcohol prices
- Increased 'entertainment' prices (of the frolicking kind)
- Immigration woes
- Exchange rate
- A general feeling of animosity from the locals that I wasn't aware of before
Alternatives I'm looking at include Florida (I love Mickey Mouse), Philippines, Europe and West Africa
Bang on the nail
What's TL?
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15 hours ago, mokwit said:
Its not how things are currently for those of us who could cope with the extra financial requirements without selling a single shipping line or brewery and whose staff handle TM30 etc, it's what changes might come in the future when we are less able to adapt or we get thrown a curve ball that is impossible to comply with - insurance mandatory but can't get it over 75 type things.
Extra tedium may also get too much - IMO what's coming:
3m in the bank and prove any you were allowed to take out spent in Thailand (already for OX so why not retirement extension)
Police clearance home country and Thailand (already for OX so why not retirement extension)
Insurance (already for OX so why not retirement extension)
What is OX?
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22 hours ago, Pattaya46 said:
Last time I saw this sign at entrance of a WS agogo :
"Sorry, it's full! Please come back in 15 minutes"
So clearly there are customers... if the agogo is good.
I remember that! It was in 1984 and the sign was displayed outside Caligula in what is now Walking Street.
But there were only about three GGBs in Pattaya back then and Caligula was by far the best one.
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1 hour ago, jacko45k said:But what were his reasons? Sometimes it isn't all about the prices. Healthcare plays quite a factor... he was maybe young and healthy when he arrived, and 12 years living high in Pattaya can soon tear that up.
He's in his late 60s and still seems to be in reasonable health. Mainly he's had enough of the drink and tip scrounging of the bar girls and constantly having to be sufficiently alert to avoid it. He's good natured and generous and the girls take advantage of these qualities that unfortunately are weaknesses in Pattaya.
He drinks a fair bit but only at night and recently booze fueled rows have called an end to a couple of his friendships. But it's not been just his fault. These two ex pat pals seem to have a few problems of their own as well. I steer clear of the three of 'em as I don't want to get embroiled in their arguments and I only come for a holiday.
He's a bit shy and reserved and I sense loneliness also plays a part in his discontentment.
The strong baht has not helped and although he's not wealthy he's not skint either so it's not just down to money. He bitches about the hoop jumping, the 800,000 K and the 90 day reporting. He has never been in trouble with law anywhere in his life.
If I was the leader of a community he's the sort of person I'd be pleased to have as a member of it.
Some of his regular holiday maker chums have quit coming to Pattaya.
He said to me the last time I saw him, "It's no longer the Pattaya I knew before" and I can see his point 100%. When the allure of the women wears off there is nothing at all to keep someone in the place.
He also complains about the ever worsening attitude of the locals in general to falangs unless they are directly benefiting financially from our presence.
If he does call it a day which I think he will it won't be because of his own failings but because of those that he as a falang in the LOS especially in Pattaya can have no control over.
It's gonna be a big decision for him having to go back to London, a place where he has no family, few friends and nowhere to live. But it's the only home he knows apart from Pattaya.
He's a good bloke and I admit I feel a bit sorry for him. It's gonna be a bit tough on him trying to find and afford somewhere to rent in London.
Being a fellow who is approaching his 70s will not get him any help from the housing authorities in London. Especially as he's a white Englishman as I am myself. Any cracks about doing a Justin Trudeau will not amuse him.
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On 12/15/2019 at 1:25 PM, madmen said:
Thats because the answers are always the same!! lol you obviously dont frequent nightlife in Pattaya but every year is bad . Porn the beer bar girl will always say ..hab no customer , no boom boom.. even though she is not able to sit from constant banging. Taxi drivers say hab no customer doah ! thats to get a sympathy tip
And you buy into this nonsense ? good for you
Some GGBs in Pattaya have just a handful of punters in them.
I walked past some open bars in Soi Diana recently and there were just a handful of punters at nearly every bar. One bar had no punters whatsoever and only two women behind the bar. This was at around 11 pm on the 18th of December. At this time of the year every one of those bars would be buzzing in recent years.
When there are fewer punters in the bars the atmosphere suffers and some girls call it a day and go back home cos they can't even make their rent money. And the ones that remain attempt to put their prices up.
It was the jolly ambience that attracted to punters to Pattaya's bars but that ambience is fast disappearing along with the happy friendly attitude of the girls. They seem to be losing heart. As are many Falangs. In nearly every bar the girls that remain outnumber the customers.
It's much the same in Walking Street and LK Metro.
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On 12/15/2019 at 9:38 AM, Pattaya46 said:
How much is "many"? 10? 20?
How many expats in Thailand? More than 100'000
Yes maybe a very few one have left,
but there are also new ones arriving
On my condo floor an Australian recently bought to retire next year.
And that Aussie is probably saying to himself right now, "Strewth, what the **** did I wanna go and do that for. I can't even afford the Sheilas any more".
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On 12/14/2019 at 10:13 PM, newnative said:Good luck with that. He never backs up anything. The other day he said, "...in the last 5 years the resale units here have have lost 30% of their value". End quote. No link, of course. There's no doubt whatsoever that you can pick and choose and find condos that have lost value but certainly not all have lost 30% of their value these past 5 years. I have sold at least 6 condos the past 5 years in Pattaya, all at a profit, including one this year, so none of mine lost 30%. Guess he forgot to include me when he was doing his survey in his head.
Have you got a 'link' to all these condo sales you've been making at a profit.
If he should have to provide a link to back up his statement then so should you. Or failing that if you're really into all this 'link or source' claptrap produce one that counters his claim.
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On 12/14/2019 at 3:53 PM, Kulex said:Exactly my experience. Had been stopped twice by immigration just by having toured Thailand too often. Considering how much money you spend in 4 weeks, you should expect a hearty welcome and a thank you instead. But going to the Philippines or Vietnam, the immigration officers greet you friendly, smile and wish you a nice stay. No joke, they really did.
I first came to Thailand in 1984 and have been a regular visitor since 1999.
I have never once received a 'Welcome to Thailand' nor even a smile from a Thai IO. Mostly it's as if it's beneath them to as much as even look at you.
Whoever came up with that Land of Smiles claptrap must have had some warped sense of humour.
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On 12/14/2019 at 10:27 AM, HeyHeyHey said:
Can you point with finger on map to show where is the bad world economy?
The only economies going to toilet are Thailand, India, China
And funnily Thailand expect India and China to save them lol
Meanwhile Europe and US are doing well with some of the lowest unemployment in decades.
There were 8.6 million people of working age who were classed as economically inactive in the UK in 2018.
Nearly all were entitled to claim some sort of benefit, which is percentage that would be a tremendous drain on any national economy.
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On 12/14/2019 at 10:05 AM, nev said:
They will be begging expats to come back soon its only a matter of time.
I dunno that the Thai leaders will wanna do such an abrupt about face.
I'm just a holiday maker but I know one 12 year expat who's started arrangements to return to the UK. And he was a big spender.
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We also have had polls in the UK regarding political issues and elections ever since I can remember.
Not once have I nor anyone I know been asked to take part in one of these polls.
One poll a few years ago was reputed to have taken place in the offices of the BBC and another among the audience of Question Time, a BBC political and current affairs talk program in which the majority of the audience are selected for their liberal and left wing political leanings.
That'd be like asking the staff at CNN what they think of Trump.
The Brexit poll told us to expect a huge win for the remainers and at one stage book makers were making the odds 8 to 1 against our leaving the EU.
So polls are often unreliable and are conducted by those with an iron in the fire when it comes to the issue the poll is connected to.
If they're told the other side is odds on to win it's quite likely that some folk won't bother going out to the polling station to vote.
That's what the Remainers hoped regarding the EU referendum but it backfired on them and overwhelmingly so.
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Bailing Out / Jumpin Ship
in Chiang Mai
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You can see the racism and xenophobia in Thailand especially in Pattaya if they're not getting money out of you. If they are not they simply don't want us here.
We've been force fed the joys of multiculturalism in our countries since WW2. The Thais have not. One of their major daily newspapers is called something like Thais Love Thais (Thai Rak Thai) and it's a sentiment that's considered not just acceptable but admirable.
There's a minor political organisation in the UK called Britain First and one in Germany called Alternative for Germany. The French have their Front National.
Our liberal elite and their media chums refer to these outfits as neo nazis because they claim to put their own people first in their own country.
However such a claim is perfectly acceptable and normal in Thailand and other Asian countries. Few of them accept foreign immigrants or even asylum seekers. But some of us can't get our heads around that. "You're not in Kansas now" as the Yanks say!