Thai govt considers allowing foreigners to more easily buy/own property

[sungod]

2 hours ago, ThailandRyan said:

Assuming and assumptions are very dangerous and can cause issues that are not there.

 

As can statements many make not backed up by fact/link that seems common on these threads.

[SupermarineS6B]

I'll repeat it again.......  I was given some advice nearly thirty years ago now by an old soak in a bar on Sukhumvit. The old fellah leaned over in his drunken haze and said, " Listen sunny, don't have anything in Thailand that you can't pick up and run with, because one day you'll have to"......... 

 

Wise words.......... Goal posts and widening come to mind...... 

[ThailandRyan]

18 minutes ago, sungod said:

Well, at least that's another way to describe doom porn.

Have you never agreed to disagree because your view wasn't seen as you wished it to be.  No one agrees one hundred percent of the time unless your a domineering individual whom always thinks they are right 100% of the time.  I know you hate analogies.

 

Being able to buy property should be without caveats if they truly wished to ensure money was brought into the country.  Now I know that is a hard concept to follow, but when you put caveats into a rule of law then it creates an unattainable goal for many, or is it that they only want certain people to buy.  Ask yourself this, would you buy knowing you would have no voting rights, and possibly not being able to sell your purchase down the line as part of a foreign quota.  How would that also work out in passing it down to your kids who are not Thai and then the separation between them and your Thai children should you have any.  Slippery slope and no not negative but again realistic, not doom porn as you quoted..

Edited April 15, 2021 by ThailandRyan

[sungod]

11 minutes ago, ThailandRyan said:

Have you never agreed to disagree because your view wasn't seen as you wished it to be.  No one agrees one hundred percent of the time unless your a domineering individual whom always thinks they are right 100% of the time.  I know you hate analogies.

 

Being able to buy property should be without caveats if they truly wished to ensure money was brought into the country.  Now I know that is a hard concept to follow, but when you put caveats into a rule of law then it creates an unattainable goal for many, or is it that they only want certain people to buy.  Ask yourself this, would you buy knowing you would have no voting rights, and possibly not being able to sell your purchase down the line as part of a foreign quota.  How would that also work out in passing it down to your kids who are not Thai and then the separation between them and your Thai children should you have any.  Slippery slope and no not negative but again realistic, not doom porn as you quoted..

I'm surprised how you make it out your front door every morning with danger lurking around every corner.......

[Jai Dee]

A baiting troll post and a reply have been removed.

[ThailandRyan]

9 minutes ago, sungod said:

I'm surprised how you make it out your front door every morning with danger lurking around every corner.......

I make it out my door by expecting the unexpected.  I survived 31 years in Law Enforcement everyday by looking at all angles and using a wide visual horizon.  To look at things only one way always ended in tragedy.  Life is to be lived I agree, but one has to cautiously navigate the waters or else be eaten alive by their own stupidity.  Never shirked my responsibility and always stood in the face of adversity protecting those that could not protect themselves.  To look at purchasing something that has to many caveats is to look at yourself walking across that narrow gorge without an escape avenue.  Enjoy your day.  

Edited April 15, 2021 by ThailandRyan

[FangFerang]

Closing the barn door after the horses have left.  Neighboring countries look better for those being targeted.  Thailand now has a wildly high corruption index from fishing boat slavery, prostitution slavery of women from neighboring countries, teachers buying their jobs at public schools, scams that number so many they have to be alphabetized, and the junta, the unelected military JUNTA that writes laws justifying itself and thinks the rest of us believe Rolex custom made watches can be shared between friends. Joke with a lousy punchline.  Now it's like some really fat guy farted in an elevator stuck between floors. Now the LOS Land of Smiles is the Land of Scams...

[Pattaya Spotter]

4 hours ago, SupermarineS6B said:

I'll repeat it again.......  I was given some advice nearly thirty years ago now by an old soak in a bar on Sukhumvit. The old fellah leaned over in his drunken haze and said, " Listen sunny, don't have anything in Thailand that you can't pick up and run with, because one day you'll have to"......... 

 

Wise words.......... Goal posts and widening come to mind...... 

That's definitely where I get my financial advice...from old dudes nursing drinks in bars on Sukhumvit. The heck with certified financial planners, stock brokers, accountants, and lawyers.

Edited April 15, 2021 by Pattaya Spotter

[Dogmatix]

The best way for foreigners to invest in landed Thai property are:

 

1) Obtain Thai citizenship and buy land in your own name (maybe easier than you think, if you are working in Thailand, particulary if you have a Thai spouse).

 

2) Invest in listed Thai property companies through the stock market.  These will appreciate over time and pay good dividends of around 4-5% which you can use to pay the rent on your Thai house. Over time the dividends should increase roughly in line with your rent too.  It is simple matter to sell the stocks and transfer the proceeds out of the country within a few days, if necessary.  If you are going to get divorced the Thai wife will not be able to get any of your overseas assets via a Thai court ruling.  If you have bought a house in the wife's name, you will probably have to walk away from it.  Also, if you don't own your house, you are not liable for the maintenance costs and can just more out, if the landlord refuses to keep it in reasonable condition. 

 

I did no. 1 but sometimes wish I had done no. 2.  The value of the shares I would have bought would be a lot more than the current value of my house, even though it has gone up quite a lot, and maintenance costs over the years have been pretty substantial.

[mogandave]

6 hours ago, SupermarineS6B said:

I'll repeat it again.......  I was given some advice nearly thirty years ago now by an old soak in a bar on Sukhumvit. The old fellah leaned over in his drunken haze and said, " Listen sunny, don't have anything in Thailand that you can't pick up and run with, because one day you'll have to"......... 

 

Wise words.......... Goal posts and widening come to mind...... 

 

So in those thirty years how many to limes have you had to pick up and run?

[enjoybeing]

I have many friends that have shown interest in buying Thai businesses and properties but they always balk when told they must give up 51% of their investments. 

 

I also know many who would happily take advantage of this offer if it wasn't temporary, or if it didn't herd them into a subdivision. I doubt any would want to live in a subdivision..  That's probably why they left, to get away from neighbors so close by and find a peaceful setting.... 

 

Seems's most I've talked to want privacy and their own piece of private land, to build their dream home, then retire.  Few want to worry about having to sell, or rules changing on them a few years out... In America, anyone with the cash can buy any property. There is no prejudice against who can buy. 

 

 

[BlackArtemis]

I have the money to do this, but I don't want to see this. I just see this as another avenue for China to further tighten their grip on Thailand.

[mogandave]

31 minutes ago, enjoybeing said:

I have many friends that have shown interest in buying Thai businesses and properties but they always balk when told they must give up 51% of their investments. 

 

I also know many who would happily take advantage of this offer if it wasn't temporary, or if it didn't herd them into a subdivision. I doubt any would want to live in a subdivision..  That's probably why they left, to get away from neighbors so close by and find a peaceful setting.... 

 

Seems's most I've talked to want privacy and their own piece of private land, to build their dream home, then retire.  Few want to worry about having to sell, or rules changing on them a few years out... In America, anyone with the cash can buy any property. There is no prejudice against who can buy. 

 

you have a lot of friends.

 

Why do they all want to move out to the country?

 

[mogandave]

1 hour ago, BlackArtemis said:

I have the money to do this, but I don't want to see this. I just see this as another avenue for China to further tighten their grip on Thailand.

 

Yes, just another money grab like the ฿800k in the bank rip-off

[expatjustice]

6 hours ago, mogandave said:

 

Yes, just another money grab like the ฿800k in the bank rip-off

 

Only if you're broke. 

 

In any other case it's a one in a lifetime investment opportunity....

[gunderhill]

On 4/13/2021 at 1:38 PM, Pattaya Spotter said:

Of course anyone buying in during the 3-5 year period would be grandfathered in

Ask  the  people who  bought a  condo of +  3  million if they were grandfathered  in about 20  years  ago when they had a  similar scam scheme

[Pattaya Spotter]

1 hour ago, gunderhill said:

Ask  the  people who  bought a  condo of +  3  million if they were grandfathered  in about 20  years  ago when they had a  similar scam scheme

Grandfathered in for what...as I've already mentioned, if they bought a new condo construction of 3M or more during the peogram, I believe they were eligible for renewable one year visas. To my knowledge, they still are...am I wrong?

[mogandave]

1 hour ago, gunderhill said:

Ask  the  people who  bought a  condo of +  3  million if they were grandfathered  in about 20  years  ago when they had a  similar scam scheme

 

Were the condos taken from them? 

 

I wonder what they are worth now...

[SupermarineS6B]

19 hours ago, Pattaya Spotter said:

That's definitely where I get my financial advice...from old dudes nursing drinks in bars on Sukhumvit. The heck with certified financial planners, stock brokers, accountants, and lawyers.

Ha ha....... and how many of the individuals you've mentioned have totally been wrong and ran off with the loot....... Brokers.....?  I'll start with Nick Leeson...... Financial specialist......   Hey sometimes good advice comes cheap.......   You'll learn....... 

[SupermarineS6B]

16 hours ago, mogandave said:

 

So in those thirty years how many to limes have you had to pick up and run?

Many....... Thailand has only ever been another port to me.......  Eggs and baskets come to mind..... Because at the end of the day, you're just another foreigner......... Don't forget it....... 

[SupermarineS6B]

19 hours ago, Pattaya Spotter said:

That's definitely where I get my financial advice...from old dudes nursing drinks in bars on Sukhumvit. The heck with certified financial planners, stock brokers, accountants, and lawyers.

In my years in SE Asia i've met some very interesting old soaks in bars all over the place. I was once sat next to a bloke in a bar that was hanging onto it like a raft in the ocean, when he came round and we exchanged pleasantries it turned out that this individual was the pilot that flew the last dudes off the CIA building in Saigon in 75........  There was a reporter at the end of the bar that just laughed and said, do you know who that is ?    Yes i do.......  Just another man with a story......    How's your story ?     

[gunderhill]

2 hours ago, mogandave said:

 

Were the condos taken from them? 

 

I wonder what they are worth now...

No Idea wasn't it a  visa for buying a condo and then that got rescinded  later? You had to spend 3  million.

[gunderhill]

3 hours ago, Pattaya Spotter said:

Grandfathered in for what...as I've already mentioned, if they bought a new condo construction of 3M or more during the peogram, I believe they were eligible for renewable one year visas. To my knowledge, they still are...am I wrong?

As I didn't  buy one ask them, which is what I said. I don't  know anyone who did, do you?

[gunderhill]

8 hours ago, expatjustice said:

 

Only if you're broke. 

 

In any other case it's a one in a lifetime investment opportunity....

Where the price can go  up at a whim. Am awaiting the increase to 1.6  million, cant be far  off.

[expatjustice]

54 minutes ago, gunderhill said:

Where the price can go  up at a whim. Am awaiting the increase to 1.6  million, cant be far  off.

I am talking about buying a house. One in a lifetime investment opportunity. Yet you call it rip off ???????????? 

 

Like I said, you mostly are broke. So no chance to buy one either way. 
 

 

[Pattaya Spotter]

5 hours ago, SupermarineS6B said:

Ha ha....... and how many of the individuals you've mentioned have totally been wrong and ran off with the loot....... Brokers.....?  I'll start with Nick Leeson...... Financial specialist......   Hey sometimes good advice comes cheap.......   You'll learn....... 

But usually not from Sukhumvit bar flies.

[Pattaya Spotter]

4 hours ago, SupermarineS6B said:

In my years in SE Asia i've met some very interesting old soaks in bars all over the place. I was once sat next to a bloke in a bar that was hanging onto it like a raft in the ocean, when he came round and we exchanged pleasantries it turned out that this individual was the pilot that flew the last dudes off the CIA building in Saigon in 75........  There was a reporter at the end of the bar that just laughed and said, do you know who that is ?    Yes i do.......  Just another man with a story......    How's your story ?     

I wonder how many old guys nursing a drink in a Sukhumvit bar were the pilot who flew the last chopper off the roof of the American embassy in ''Nam"? ????????????????

[Pattaya Spotter]

4 hours ago, gunderhill said:

As I didn't  buy one ask them, which is what I said. I don't  know anyone who did, do you?

You had some sceptism about the govt keeping their word on foreign ownership down the road...my point is that they always have 'till now. Do you know otherwise? 

[ChrisKC]

I don't know whether or not I agree with any of this.

 

If you were an Immigrant like in many other countries that Members on this forum are comparing with, then I see no reason why the "easing" of rules here about actually owning land could be made absolute.

 

But the one thing you cannot be in Thailand is an Immigrant. We (mostly) as foreigners, maybe considered as residents but in reality we are on annual extensions of stay, so in order for a potential ownership scenario with no strings attached; that would involve a major shift in Immigration policy.

 

I can understand in some ways why Government policy persists with "Thainess:" It is an identity thing that most countries in the world cannot enjoy as they have either been colonised or were Colonisers themselves. I know that has consequences that are not internationally favourable but that is their position.

 

I cannot see a major move towards 100% ownership of land as people would like. It matters not to me either way

 

We will hear in due course what this "easing" will actually mean.

 

[SupermarineS6B]

1 hour ago, Pattaya Spotter said:

I wonder how many old guys nursing a drink in a Sukhumvit bar were the pilot who flew the last chopper off the roof of the American embassy in ''Nam"? ????????????????

Izzy Friedman......... look him up......  There was also a bar full in the Madrid bar in Pat Pong, the spooks that ran SE Asia.......... You learn something every day eh .......... That's if you've been here longer than five minutes though..... 

Edited April 16, 2021 by SupermarineS6B