Popular Post Bruntoid Posted March 5, 2020 Popular Post Share Posted March 5, 2020 6 hours ago, simon43 said: I'm happy that I moved to Laos. I get 4% more Lao kip for my USD income than last year - sits nicely with my 6% pa interest savings account... ???? Laos ?!?! The absolute <deleted> end of the planet ! How desperate do you have to be to live there ?! 3 4 Link to comment Share on other sites More sharing options...
robsamui Posted March 5, 2020 Share Posted March 5, 2020 5 hours ago, ChipButty said: 100 taxi's returned to the finance company last week so Thai's are suffering Ye's indeed, they are s'uffering. Link to comment Share on other sites More sharing options...
gk10002000 Posted March 5, 2020 Share Posted March 5, 2020 9 hours ago, webfact said: Country opens up to a wealthier class such total hogwash. The wealthier people could always go there. Thailand has not opened anything except maybe give the wealthier the "special price" which is no bargain 2 Link to comment Share on other sites More sharing options...
gk10002000 Posted March 5, 2020 Share Posted March 5, 2020 8 hours ago, RJRS1301 said: My personal concern about keeping the 800,000 in the bank, is not that I cannot access it,or afford to lock that amount up, but if Thailand decides to change the laws during a time of unrest, and acquire the funds of farang and order us from the country, then we are royally screwed. That is all some people have for security. I would never trust keeping 800,000 baht in Thailand. Transfer out, accessing money, delays as accounts are "frozen", presumptive guilt or source laws or policies that can be used to at best slow down getting the money while proving where money came from. source, etc. in good times or emergency times is a significant risk. Link to comment Share on other sites More sharing options...
Popular Post CGW Posted March 5, 2020 Popular Post Share Posted March 5, 2020 12 minutes ago, gk10002000 said: I would never trust keeping 800,000 baht in Thailand. Transfer out, accessing money, delays as accounts are "frozen", presumptive guilt or source laws or policies that can be used to at best slow down getting the money while proving where money came from. source, etc. in good times or emergency times is a significant risk. I can understand your concern, whether it is justified is debatable though? I have had the same 800k in a bank account for well over 10 year now - with no issues! Yearly visa extension's take usually 20 minutes, 90 day reports 5 minutes, risks - not seeing them at this time. 6 2 Link to comment Share on other sites More sharing options...
Soikhaonoiken Posted March 5, 2020 Share Posted March 5, 2020 10 hours ago, NCC1701A said: as the country opens up to a wealthier class of retirees. Where are all these wealth retirees, I think the Author of this report is dreaming or been miss informed. Link to comment Share on other sites More sharing options...
Edwin Cameron Posted March 5, 2020 Share Posted March 5, 2020 They will just move to Phillipines or somewhere else.my Dad used to say "50% of something,is better than 100% of nothing"... Link to comment Share on other sites More sharing options...
gk10002000 Posted March 5, 2020 Share Posted March 5, 2020 5 hours ago, CGW said: I can understand your concern, whether it is justified is debatable though? I have had the same 800k in a bank account for well over 10 year now - with no issues! Yearly visa extension's take usually 20 minutes, 90 day reports 5 minutes, risks - not seeing them at this time. yes things work well when they work. Link to comment Share on other sites More sharing options...
Popular Post chrissables Posted March 5, 2020 Popular Post Share Posted March 5, 2020 14 hours ago, from the home of CC said: The good life slipping away lol, it's called being financially unprepared. Anybody who tries to retire in a foreign country on the cheap is a fool.. Did you know the baht would crash from 75 to a pound to 39? One can make allowances, but that is a huge drop, add that to the banking crisis and the affects, it proves even with planning some things are outside of ones control. 3 1 Link to comment Share on other sites More sharing options...
car720 Posted March 5, 2020 Share Posted March 5, 2020 14 hours ago, NCC1701A said: Hi! Somebody beam him up. This type of humour is too good for here. 2 Link to comment Share on other sites More sharing options...
baansgr Posted March 6, 2020 Share Posted March 6, 2020 14 hours ago, from the home of CC said: The good life slipping away lol, it's called being financially unprepared. Anybody who tries to retire in a foreign country on the cheap is a fool.. But nobody can forsee or even plan for a 50% decrease in their currency or ever changing visa rules....how much buffer do you have to allow for. 1 Link to comment Share on other sites More sharing options...
ThaiBunny Posted March 6, 2020 Share Posted March 6, 2020 2 minutes ago, baansgr said: But nobody can forsee or even plan for a 50% decrease in their currency or ever changing visa rules....how much buffer do you have to allow for. I'd have thought anyone who thinks that one-year stays, renewable at the whim of a government, is a long-term proposition has no idea how to do a risk assessment 2 Link to comment Share on other sites More sharing options...
mberbae Posted March 6, 2020 Share Posted March 6, 2020 Judging from the beached whale in speedo's , Thailand could use a retirees that can at least afford proper swimsuits. ???????? 1 Link to comment Share on other sites More sharing options...
new2here Posted March 6, 2020 Share Posted March 6, 2020 While I agree that the article is lacking in specifics - and I don’t think it was designed to be a point-for-point technical read of the situation - I DO think the larger message is on point... that being the “old days” of a combination of a) weaker baht and stronger western currency plus b) the more complex and rapidly changing visa rules have made living here on a “permanent” basis, a bit more difficult for some.. not all.. but some. I myself don’t see that changing anytime in the immediate near future.. but like all things governmental, I don’t think it will stay like this forever. Link to comment Share on other sites More sharing options...
Nyezhov Posted March 6, 2020 Share Posted March 6, 2020 14 hours ago, phuketrichard said: Camboida pays up to 8% ( - 7% tax) on 1 year term deposits Nyezhov ,why cant ya go to Bangkok? or if in SR just hop over to surin. waiting for the virus to go poof, bye..... Link to comment Share on other sites More sharing options...
Popular Post mickey rat Posted March 6, 2020 Popular Post Share Posted March 6, 2020 Unless you live in the far south you'll be dead sooner anyway due to the horrendous air pollution so you actually will be saving about 10 to 20 percent by knocking years off your life expectancy! Once you add that into your calculations it's not nearly so expensive. ???? 1 1 4 Link to comment Share on other sites More sharing options...
dingdongrb Posted March 6, 2020 Share Posted March 6, 2020 15 hours ago, madmen said: <deleted> journalism with zero due dilligance "Applicants must now also have health insurance" Really since when? 800k or 65k. Wow amazing and never mentions the 400k Nothing to see here folks Isn't the article about retirees and not those maaried to and supporting a Thai? Link to comment Share on other sites More sharing options...
Penicillin Posted March 6, 2020 Share Posted March 6, 2020 15 hours ago, aussienam said: Yes, if there was ever a run on the banks similar to what has occurred in other developing nations and the government blocked withdrawals then we would all be screwed. And complain you'll be deported LOL. I think most expats here are getting screwed on a regular basis. Link to comment Share on other sites More sharing options...
dingdongrb Posted March 6, 2020 Share Posted March 6, 2020 8 minutes ago, mickey rat said: Unless you live in the far south you'll be dead sooner anyway due to the horrendous air pollution so you actually will be saving about 10 to 20 percent by knocking years off your life expectancy! Once you add that into your calculations it's not nearly so expensive. ???? Like there is no pollution here in the north? 1 6 Link to comment Share on other sites More sharing options...
DPKANKAN Posted March 6, 2020 Share Posted March 6, 2020 15 hours ago, aussienam said: Yep, as well as Australia. We have lost 25% since it was 25 Baht to 1 AUD, and we were always the 'poor cousins' of Europe and the USA. Us Aussies have always been looked down on as the Cheap Charlies and now we are even cheaper! I know Cheap Charlies of many nationalities!! ???????????????????????????????? 1 1 1 Link to comment Share on other sites More sharing options...
mikebike Posted March 6, 2020 Share Posted March 6, 2020 55 minutes ago, ThaiBunny said: I'd have thought anyone who thinks that one-year stays, renewable at the whim of a government, is a long-term proposition has no idea how to do a risk assessment I’d have thought you would understand that every individual has a different takeaway from risk assessment based on their individual needs and circumstance. 2 Link to comment Share on other sites More sharing options...
crazykopite Posted March 6, 2020 Share Posted March 6, 2020 (edited) I think the £ has dropped more than 30% Edited March 6, 2020 by crazykopite Link to comment Share on other sites More sharing options...
samsensam Posted March 6, 2020 Share Posted March 6, 2020 59 minutes ago, ThaiBunny said: I'd have thought anyone who thinks that one-year stays, renewable at the whim of a government, is a long-term proposition has no idea how to do a risk assessment doesn't make sense, do you understand what a risk assessment is? 1 Link to comment Share on other sites More sharing options...
sahibji Posted March 6, 2020 Share Posted March 6, 2020 16 hours ago, RJRS1301 said: My personal concern about keeping the 800,000 in the bank, is not that I cannot access it,or afford to lock that amount up, but if Thailand decides to change the laws during a time of unrest, and acquire the funds of farang and order us from the country, then we are royally screwed. That is all some people have for security. it is part of the trade off but the individual has own decision to make. 1 Link to comment Share on other sites More sharing options...
sahibji Posted March 6, 2020 Share Posted March 6, 2020 unfortunately this disease is seeing no borders. life has been impacted world wide for everybody, in one way or the other. Link to comment Share on other sites More sharing options...
Popular Post Brer Posted March 6, 2020 Popular Post Share Posted March 6, 2020 (edited) 16 hours ago, aussienam said: Yep, as well as Australia. We have lost 25% since it was 25 Baht to 1 AUD, and we were always the 'poor cousins' of Europe and the USA. Us Aussies have always been looked down on as the Cheap Charlies and now we are even cheaper! Mate we have lost much more we used to get nearly 33 baht to the dollar. Your maths is <deleted> or you really don’t know where to change your dollars for the best rate. Never ever come across Thai’s or other nationalities looking at us as cheap Charlies that’s term is reserved for Poms only. Poms never stop whinging, they can only talk about the weather or soccer, and you can observe paying for beers sometimes counting out one baht coins or they wait for 5 baht change, now that is a cheap Charlie and there are heaps of them. The ones who come from the north of England are the worst the southerners have a bit better breeding. We are elevated much above the term cheap Charlie. So I don’t know your personal circumstances but if you come across Poms calling us cheap Charlie’s give them a dig in the ribs and tell them to eat chit and bark at the moon. Edited March 6, 2020 by Brer Anger 5 1 Link to comment Share on other sites More sharing options...
SiSePuede419 Posted March 6, 2020 Share Posted March 6, 2020 16 hours ago, webfact said: Thailand's foreign retirees see their good life slip away Good life? In Pattaya? Take off your beer goggles and face the stone cold sober facts sometime, will ya? ???? 2 Link to comment Share on other sites More sharing options...
onekoolguy Posted March 6, 2020 Share Posted March 6, 2020 On the 800k deposit. If you die better have a Thai will or it will be very difficult for relatives to recover the funds. 1 Link to comment Share on other sites More sharing options...
Popular Post jonwilly Posted March 6, 2020 Popular Post Share Posted March 6, 2020 16 hours ago, RJRS1301 said: My personal concern about keeping the 800,000 in the bank, is not that I cannot access it,or afford to lock that amount up, but if Thailand decides to change the laws during a time of unrest, and acquire the funds of farang and order us from the country, then we are royally screwed. That is all some people have for security. When I first did my retirement visa I was only required to have B800K in the bank on the morning of visa issue and to take a letter plus my bankbook to immigration for the issue. Then Frangs started cheating so now I, must have B800K in for 2 months before three months after and must keep B400K for 12 months. Cheers all you *&^%$^&* s. john 1 2 2 Link to comment Share on other sites More sharing options...
Orton Rd Posted March 6, 2020 Share Posted March 6, 2020 some people are easily pleased 6 minutes ago, onekoolguy said: On the 800k deposit. If you die better have a Thai will or it will be very difficult for relatives to recover the funds. Just make the Mrs co signature (not joint account) then she could go in after you die and take it all out. Technically fraud but they will never know you died. Link to comment Share on other sites More sharing options...
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