Hua Hin pool villa nominee raids net 13 foreigners

11 minutes ago, KhunHeineken said:

I could have 10 times more wealth than I current have and still would not invest in Thailand. 😂

Why do you think of a home as an investment?

11 hours ago, KhunHeineken said:

Stealing property off foreigners to auction off and raise some revenue should help the Thai economy. 🙂

11 hours ago, KhunHeineken said:

The property will be seized and auctioned off by authorities.

2 hours ago, ronnie50 said:

when auctioned off by the authorities do they give any of the proceeds back to the 'illegal' owner?

Yes, proceeds at auction go back to the illegal owner.

Edited 5 hours ago5 hr by KhunLA

2 minutes ago, KhunLA said:

Yes, proceeds at auction go back to the illegal owner.

okay, that could smoothen the blow (as long as there is a reserve price - otherwise it's just another Thai stitch-up)

2 hours ago, ronnie50 said:

I know. I mean as that date approaches, and if it hasn't sold, will the resident trash the place? Demolish it? Strip all the copper wiring out of it? By the way, when auctioned off by the authorities do they give any of the proceeds back to the 'illegal' owner?

I see what you mean now.

Demolish the place so a Thai policeman, for example, doesn't buy it super cheap at auction. It's possible.

I doubt the illegal owner will see any funds from the sale, as it will most likely be viewed as the proceeds of crime.

14 minutes ago, KhunLA said:

Yes, proceeds at auction go back to the illegal owner.

Maybe you should have inserted the word "currently" somewhere in your sentence, because the climate can change quickly.

1 hour ago, Yellowtail said:

Sounds like it

Definitely not.

1 hour ago, Yellowtail said:

Happy owner here

This is why the rent v buy debate continues. 😂

Under what structure do you own?

1 minute ago, KhunHeineken said:

Definitely not.

This is why the rent v buy debate continues. 😂

Under what structure do you own?

I own any number for things.

What do you own?

3 minutes ago, CallumWK said:

Maybe you should have inserted the word "currently" somewhere in your sentence, because the climate can change quickly.

I did provide that info in the post, and I did emphasis that earlier in the thread.

Do try to keep up ...

https://aseannow.com/topic/1402478-hua-hin-pool-villa-nominee-raids-net-13-foreigners/page/6/#comment-20710111

5 minutes ago, KhunHeineken said:

I see what you mean now.

Demolish the place so a Thai policeman, for example, doesn't buy it super cheap at auction. It's possible.

I doubt the illegal owner will see any funds from the sale, as it will most likely be viewed as the proceeds of crime.

If it takes more than a year to sell, it is overpriced.

5 minutes ago, CallumWK said:

Maybe you should have inserted the word "currently" somewhere in your sentence, because the climate can change quickly.

You just know Anutin is loving this. I wonder if something happened to him in earlier years for him to have developed such dislike of foreigners (it seems farangs largely, as he's Chinese Thai himself). Maybe he lost face or was ridiculed or bullied?

1 minute ago, ronnie50 said:

You just know Anutin is loving this. I wonder if something happened to him in earlier years for him to have developed such dislike of foreigners (it seems farangs largely, as he's Chinese Thai himself). Maybe he lost face or was ridiculed or bullied?

And yet when he as sent to Pai to investigate Chabad houses and he could have cracked down on foreigners he did not do so. Said it was perfectly fine. His laziness and incompetence is even greater than his dislike of foreigners. A blind man could see what was going on in Pai.

Edited 5 hours ago5 hr by Cameroni

Just now, ronnie50 said:

You just know Anutin is loving this. I wonder if something happened to him in earlier years for him to have developed such dislike of foreigners (it seems farangs largely, as he's Chinese Thai himself). Maybe he lost face or was ridiculed or bullied?

Trying to enforce the law means he dislikes foreigners?

I would think foreigners not involved with this kind of activity would support the law being enforced.

10 minutes ago, KhunHeineken said:

I doubt the illegal owner will see any funds from the sale, as it will most likely be viewed as the proceeds of crime.

Why do you ignore previous posts, with the correct info, and keep post your 'wrong' opinions.

I did quote you, so assume you saw the correct info, and yet, continue with the false narrative.

I'm still waiting for you to explain how you extend your visa, without going to Imm. Says alot to me about anything you post.

Edited 5 hours ago5 hr by KhunLA

38 minutes ago, KhunHeineken said:

You have no rights here, and the 1 year retirement visa / extension is nothing more than a 1 year tourist visa.

That's funny -- I just read last week on the Soapbox top:

"This is why I have said it's basically nothing more than a 1 year tourist visa. They can tweak it anyway they like, at any time."

Or as Glinda the Witch (not you) said:

"Rubbish! You have no power here! Be gone, before somebody drops a house on you, too!" (1939 Wizard of Oz)

Edited 4 hours ago4 hr by JerryM

2 minutes ago, JerryM said:

This is why I have said it's basically nothing more than a 1 year tourist visa. They can tweak it anyway they like, at any time.

Yeah tourist visa where you need to hire an accountant and declare taxes.

11 minutes ago, Yellowtail said:

Trying to enforce the law means he dislikes foreigners?

I would think foreigners not involved with this kind of activity would support the law being enforced.

But why wasn't the law enforced from the beginning?

It's a sort of entrapment.

3 minutes ago, save the frogs said:

But why wasn't the law enforced from the beginning?

It's a sort of entrapment.

The answer is maybe some people think in hindsight that the info required to do that is obvious when it isn't.

Just now, save the frogs said:

But why wasn't the law enforced from the beginning?

If it was possible to enforce the law from the beginning, there would be no crime.

There could be any number of reasons the law is applied to some and not to others, but this is not a new story. People have occasionally been taken to task for this as long as I have been here.

Just now, save the frogs said:

It's a sort of entrapment.

No, it is nothing of the sort.

Virtually everyone involved know they are circumventing the law.

32 minutes ago, KhunLA said:

I'm still waiting for you to explain how you extend your visa, without going to Imm. Says alot to me about anything you post.

He pays a bribe and as he has noted elsewhere: People in glass houses shouldn't throw stones.

3 minutes ago, JerryM said:

He pays a bribe and as he has noted elsewhere: People in glass houses shouldn't throw stones.

If not mistaken, even if using an agent, you must show up at Imm to sign paperwork. Happy to be corrected, but that's how Hua Hin works.

Others have stated the same about other Imm offices.

Edited 4 hours ago4 hr by KhunLA

6 minutes ago, JerryM said:

He pays a bribe and as he has noted elsewhere: People in glass houses shouldn't throw stones.

You people are equating paying a visa agent to people investing in 50 million Baht villas ?

Not sure they are comparable at all as the real estate market has a massive impact on the ecosystem, not sure visa agents affect any Thai person's life.

Just now, KhunLA said:

If not mistaken, even if using an agent, you must show up at Imm to sign paperwork. Happy to be corrected, but that's how Hua Hin works.

I was told by an agent that I would not have to go. They would pick up my passport and drop it off done.

1 minute ago, save the frogs said:

You people are equating paying a visa agent to people investing in 50 million Baht villas ?

Not sure they are comparable at all as the real estate market has a massive impact on the ecosystem, not sure visa agents affect any Thai person's life.

I am only equating that bribing a public official can get you five years in prison or fined not out of ten thousand Baht, or both.

2 minutes ago, Yellowtail said:

I was told by an agent that I would not have to go. They would pick up my passport and drop it off done.

Yes waiving that requirement in person falls with the ministerial order 'discretion' of the IMM officer. Paying 10,000+ baht bribe does not.

1 minute ago, save the frogs said:

You people are equating paying a visa agent to people investing in 50 million Baht villas ?

Not sure they are comparable at all as the real estate market has a massive impact on the ecosystem, not sure visa agents affect any Thai person's life.

Saying that punching someone in the nose and beating someone to death are both illegal is not equating the two.

1 hour ago, Cameroni said:

That's perfectly fine, I'm just saying if you want to make a profit you have to accept risk.

I accept such risk in my home country, where I own and rent out some properties. I have rights there. I am protected by a decent rule of law there. I have the right to reside there. There are town planning laws there. The list goes on.

I wouldn't touch foreign property ownership in Thailand with a barge pole.

1 hour ago, Cameroni said:

Yes, you have to be prudent to some degree, but if you avoid all risk you cannot make a profit.

There are different levels of risk. I am not adverse to risk. I crunched the numbers, and risk or no risk, they still didn't add up. I've posted them previously. One would have to live until 85 years of age to see a benefit from buying over renting.

I'm sure the people who bought in a Thai nominee company thought there was little risk because "everyone else is doing it, so it must be fine." They have some big decisions to make now, with no good options, and are also facing being arrested.

10 minutes ago, Yellowtail said:

I was told by an agent that I would not have to go. They would pick up my passport and drop it off done.

THANKS, I sit corrected 😂

1 minute ago, KhunHeineken said:

I accept such risk in my home country, where I own and rent out some properties. I have rights there. I am protected by a decent rule of law there. I have the right to reside there. There are town planning laws there. The list goes on.

I wouldn't touch foreign property ownership in Thailand with a barge pole.

There are different levels of risk. I am not adverse to risk. I crunched the numbers, and risk or no risk, they still didn't add up. I've posted them previously. One would have to live until 85 years of age to see a benefit from buying over renting.

I'm sure the people who bought in a Thai nominee company thought there was little risk because "everyone else is doing it, so it must be fine." They have some big decisions to make now, with no good options, and are also facing being arrested.

Does a $100 shirt have to last more than five times as long as a $20 shirt to be worth the extra money?

5 minutes ago, Yellowtail said:

Saying that punching someone in the nose and beating someone to death are both illegal is not equating the two.

It's not about "bribes".

Massive ownership of real estate by foreigners destabilizes the local economy. As someone pointed out in an earlier post, the locals get priced out of real estate.

Bar owners on walking street paying "tea money" does not cause problems. It's the way it is.

Visa agents do not cause problems for the economy or the standard of living of the average Thai person.

These issues do not belong in the same conversation.

Would you kindly take your "holier than thou I never paid a visa agent in my life" sermon somewhere else?

Edited 4 hours ago4 hr by save the frogs

1 minute ago, KhunHeineken said:

I accept such risk in my home country, where I own and rent out some properties. I have rights there. I am protected by a decent rule of law there. I have the right to reside there. There are town planning laws there. The list goes on.

I wouldn't touch foreign property ownership in Thailand with a barge pole.

Like I said, that's totally fine, everyone has there own strategy to manage risk. So you confirm you do take risks in another country.

It's just an age old truth about investing, that you need to run risk to make money. If you were to completely eliminate risk you would also eliminate profits. So you do need to run some risk.

My understanding is that foreigners can buy condos in Thailand, so that's perfectly fine, and what is usually done for investment. People who buy houses clearly often do so not as investment, that's different. If they do buy houses as an investment it is very unusual. Most foreigners who invest in property in Thailand invest in condos. They may hold a house, but only for themselves, rarely as an investment portfolio.