jiffers Posted August 30, 2019 Share Posted August 30, 2019 It has always puzzled me that the immigration authorities completely ignore any other assets when considering a visa applicants financial standing. I'm sure there are lots of expats who, for example, own a condo worth far more than 400,000 THB. Incidentally, owning a condo reduces an expats monthly outgoings substantially. Is there anyway to get immigration to include this in their calculations which would solve the money in the bank problem for many expats including me. 1 Link to comment Share on other sites More sharing options...
Matzzon Posted August 30, 2019 Share Posted August 30, 2019 No, not if you do not go the investment path from start when buying, and get a visa based on investment instead of marriage/retirement. However, then you must reach up to a much higher amount. Otherwise it can not be included, and Immigration will not accept anything else than real cash in the bank. Link to comment Share on other sites More sharing options...
david555 Posted August 30, 2019 Share Posted August 30, 2019 NO it has to be as good as immediate cash ….. as they would suspect with reason you would still try and wait for the highest possible price for that condo to sell ….! Link to comment Share on other sites More sharing options...
jackdd Posted August 30, 2019 Share Posted August 30, 2019 There are two argumentations against it: - The 400k/800k are supposed to be for your living expenses over the year. Will you sell a bit of your condo every month? - The 400k/800k are for an emergency. If you should end up in hospital and have to pay a few hundred thousand for a surgery by tomorrow, how do you sell your condo until tomorrow? 1 Link to comment Share on other sites More sharing options...
tgeezer Posted August 30, 2019 Share Posted August 30, 2019 In the current climate of hostility towards expats I think it very unlikely but if they did they would probably require so much bumff proving value and ownership on an annual basis, that you would wish that they had not! Link to comment Share on other sites More sharing options...
EricTh Posted August 30, 2019 Share Posted August 30, 2019 So it is better to rent rather than buying fixed assets in Thailand. 2 Link to comment Share on other sites More sharing options...
Bruce Aussie Chiang Mai Posted August 30, 2019 Share Posted August 30, 2019 1 hour ago, EricTh said: So it is better to rent rather than buying fixed assets in Thailand. Definitely rent if you can't afford to hold 800000 in a Thai Bank account. ❤???????????? 1 Link to comment Share on other sites More sharing options...
mtls2005 Posted August 30, 2019 Share Posted August 30, 2019 2 hours ago, jackdd said: - The 400k/800k are supposed to be for your living expenses over the year. Meh. 400,000 of the 800,000 is available for living expenses during months three through nine. 2 hours ago, jackdd said: - The 400k/800k are for an emergency. If you should end up in hospital and have to pay a few hundred thousand for a surgery by tomorrow, Meh. 400,000 of the 800,000 is available for surgery during months 3 - 9, hope it's elective and not an emergency. Link to comment Share on other sites More sharing options...
jiffers Posted August 30, 2019 Author Share Posted August 30, 2019 I'm surprised how many people think they understand the logic of immigration requirements. I'm sure I don't. Link to comment Share on other sites More sharing options...
jacko45k Posted August 30, 2019 Share Posted August 30, 2019 It isn't about showing you have assets, like a gold chain, a vehicle and a nice telly. It is about having money to live on during the year of the extension. You could always get a mortgage or loan on the condo and show the cash from in on deposit. 1 Link to comment Share on other sites More sharing options...
bkk6060 Posted August 30, 2019 Share Posted August 30, 2019 No, in fact they are probably laughing and think you are poorly managing your money as owning a condo here is a dead money bad investment. Link to comment Share on other sites More sharing options...
jacko45k Posted August 30, 2019 Share Posted August 30, 2019 2 minutes ago, bkk6060 said: No, in fact they are probably laughing and think you are poorly managing your money as owning a condo here is a dead money bad investment. Sort of like having 800,000 baht in the bank, but never mind, needs must. Link to comment Share on other sites More sharing options...
jiffers Posted August 30, 2019 Author Share Posted August 30, 2019 5 minutes ago, bkk6060 said: No, in fact they are probably laughing and think you are poorly managing your money as owning a condo here is a dead money bad investment. Actually, I think buying a condo was a good investment when I consider the rent I've saved and the appreciation in its value in Sterling. I accept it's not very liquid with the over supply in the market, but if I wrote it off tomorrow I'd still have done okay with it. Also, I don't live in Thailand for the whole year so it's nice to come here and have my own place to stay, that's worth a lot. Link to comment Share on other sites More sharing options...
Truthhurts Posted August 30, 2019 Share Posted August 30, 2019 5 minutes ago, jiffers said: Actually, I think buying a condo was a good investment when I consider the rent I've saved and the appreciation in its value in Sterling. I accept it's not very liquid with the over supply in the market, but if I wrote it off tomorrow I'd still have done okay with it. Also, I don't live in Thailand for the whole year so it's nice to come here and have my own place to stay, that's worth a lot. Exactly. No one can raise your rent, refuse to fix things, rip you off for power bills etc. Link to comment Share on other sites More sharing options...
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