mcfish

 
And Indonesia, you just show the equivalent of a 50k baht/month pension and you can retire there, about the same as Thailand's 40k baht requirement.

Does that include medicine for the sick buffalo ? 

No. buffalo money would be an add on every year when she threatens divorce. The upside is at least the honeymoon would be eventful :-)

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I can see in my future a marriage to a pattaya hookers for a one off 100k fee

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Seems obvious to me,

 

Age requirement: Foreigner aged 50 or more who applies for Non-immigrant catergory O-A (Long Stay) from Thai Consulates in their countries or foreigner who travels to Thailand with other types of visa and wishes to change to a Long Stay Visa. Holder of this type of visa will be permitted to stay in Thailand for 5 years with multiple entry and granted for another 5-year extension with multiple entry.

 

So, do you WISH to use the new Long Stay Visa?

 

Thailand Immigation:   We provide, you decide......................

 

 

Boom!

Trying to figure out where the Thai government is going with this? They already booted our countless under 50's and now they are going after the over 50's who have stability with a fixed income/pension

Real estate will take a massive hit. I have property but it's rented to a 60 year old!

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One way to get overwhelming self-respect is not to sleep with cheap hookers but to sleep with expensive hookers.

If you have family, the Thai immigration CAN NOT refuse you entry into Thailand unless you have committed a criminal offence. 

I don't believe that. I think the majority of over 50's would do voluntary deportations if they could no longer qualify. Not happily, of course. 

There are going to be a million over stayers now and why not? If you never leave the country the chance of getting caught is pretty much zero

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The real estate bubble of Japan in 1990 did not burst either. It just gradually deflated for over two decades...creating a lost generation.

Exactly why punters should stay away from places like Japan, Hong Kong, Australia and look for emerging markets. However emerging markets always create fear, it takes balls but the fact Thailand was completely unaffected buy the 2008 global sub prime crash is a hidden sign

I bought property's here in 2006 after selling up back home and in 2008 thought woops did I it stuff up.. No way! Back in the USA properties dropped by 50 to 80% whilst Thailand was completely unaffected.

Thank God I switched. But if you look at the TV posts in 2007 you will find overwhelming mantras, don't buy in Thailand what you can't walk away from. And these guys did there balls.. Haha.. Idiot bar stool boys following silly advise from a forum like TV? They deserve it!

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Has anyone come across a figure of how many of us troublesome retirement extension expats there are?

Most of us single Guys can walk away from this but the devastation to families is totally unacceptable. Let's see what happens over the coming months and hope it's not the army clearing out the now "farang mafia"

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2 hours ago, Spellforce said:

"VISA ON ARRIVAL reduced to 1000 Bahts to attract more tourists"

Because of the weak GBP & Ruble, if something has to done it would be to reduce and not to raise the requirements "to keep the foreign residents". That would make sens.

 

Many residents have assets in Thailand (houses & condos), it could be catastrophic to the thai real market to loose that population !

 

Absolutely real estate would be devastated however the big wig policy makers would be dragged into the vortex and no way they are going to allow their own assets to be trashed 

Are you talking to me? Why would I, I live in lower sukhumvit Bangkok an insist that every one speaks English which of course they do.

TV should stop that mess.

6 minutes ago, Katipo said:

I would say most!  foreigners who live in the sticks don't really do it out of choice, but ratThailand because their wife/gf wants to be near her family, and you need her if you want to have a place to call your 'own'.

Yep you nailed it. Being a country boy back home surrounded by your own people's is light years away from being one in thaI land where you may as well well be on Mars

What happened to all the guys that insist they can read and speak fluent thai?
So far there has been only two translations and they are from wives. So much BS on TV LMAO!

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I doubt it will mount to much but then again I watched the Australian government go from a 6 month travel allowance for people on disability pension support to 1 month very quickly, it ripped apart families across the planet. 

Governments don't care to much about the little people, Thailand included 

There is no wrong or right in this thread it's just preference. But even at 90 I would still prefer to hassle bar girls in pattaya than watch grass grow but of course that's just me

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It's a beautifull island though, but you're right the resorts are lowclass. Also the restaurants are and they can't spea inlit.
 
I rented a motocy but the brakes barely worked, mai pen lai, who needs brakes going downhill with a passenger on the back...sabaai sabaai.
 
But if i'm on a beautifull beach i don't like to hear jetski's at all, and also there was some walkingbridge to the beach which was totally broken and very dangerous...mai ben lai...
 
The beachbed renters can even speak russian! That's important for them.

 
I am not saying the report is false.
 
What I am saying is that often these “analysts” are describing current trends rather than predicting the future, and if you invest based on current trends, you’re often too late. An example of this was Singapore which I mentioned earlier.
 
Another example of analysts simply reacting to the market can be seen if you plot a stock price and its target price (from analysts), when the stock goes up, the analysts will adjust their target sometime after, and the same when it goes down. Logically the analysts would only adjust their targets whenever the company report last quarter earnings (or in some rare circumstances, when numbers are released that affect the market of the company), but this is not at all how it seems to work. I have seen “irrational” stock movements, i.e. not based on any actual numbers, and lo and behold, shortly after the analysts will follow along…

 

 

Now if there ever would be proof of a Bloomberg fanboy, it was just given.

 

They have created incredible wealth for subscribers over the years.

 

How do you create wealth by reporting the actuality, which can be read on hundreds of other sources?

Hey you don't have to follow them but what I'm seeing here are some upset TV armchair experts that can't handle a respectable company like Bloomberg publishing well researched info on Bangkok rising quickly up the investment ladder

We even have one fellow trogers preferred to go with an article written by an anonymous nobody about pattaya! How misinformed can you be possible get LOL

I Will stick with Bloomberg they have helped me immensely with the stock market, not going to switch to TV barstool team any time soon..

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Of course they have, they want you to think that a Bloomberg subscription will give you key insight to use for successful investing, and thus they can sometimes be a tad too optimistic about “new investment opportunities in X”.
 
Though this report is not made by Bloomberg, it is by PwC (but maybe commissioned by Bloomberg?).
 
And my comments are not about Thai real estate, it’s just about not putting too much faith in this list, as I pointed out in a previous comment, past performance of the list does not seem all that good.
 
Also, being number 8 on a list of 22 places, and getting that number 8 spot from a survey, does not say anything about whether or not you should buy a condo in Thailand and expect it to appreciate.
 
I started investing a decade ago, initially I followed a lot of analysts, it didn’t take me long to realize that they are not much different than any other journalist, and doing my own research was superior to the “free advice” I could get by following the various analysts.
 
You seem to have very high regard for “the experts at Bloomberg”, are you an investor? Have you invested based on what you read in Bloomberg with a successful outcome (and by successful I mean better than just investing in an index fund)?
 
Disclaimer: I have never bought any of the special reports, I would expect these are of a much higher quality than what you can read online (for free), and I would also expect them to be much more about data/numbers than specific advice about what, where, and when to invest.

Thing is, when you make the sensational OP based on little information you will miss some important informations.
 
I guess, after the visa is granted in his own country (of the selected nationalities)
the applicant will have to be given some special government or monitored account. 
 
Then then must deposit the funds into this account before they enter.
I guess in this way they will be able to monitor how the money is managed according to their requirements of staying in account for 1 year.
 
What i find interesting is not the visa or requirements, but they will ( yes THEY ) will prevent you using your own money, and force you to spend half of it in Thailand.
 
(What if on you need the 3mill in the first year for hospital bill)??
 
Which also means:
-if you dont spend half of the money Thailand it will be seized due to non compliance
OR 
The government instruct the banks that under no cicumstance can a farang withdraw 1.5 million to his own country account.
 
As always the proof of the eating is in the fine print.
They say now, but then later it is impossible to do.
 
Typical Thai sensational over-reporting and way to early.
 
Just like police in a major crime..report many details they shouldnt and state they have 80% solved the case.lol
 
 
 

 
If a real estate salesman cannot paint a rosy picture for you, imagine the reality...
 
Bangkok is not that different, just a little behind in lag time. I keep looking at that two projects at the intersection of Sukhumvit with Rama 4, and have not seen much movement in sales when take-up rate is below 50% and construction completion has been 1-3 years ago.