32 minutes ago, Yellowtail said:

Wow, you seem to know a lot about this, are you a financial advisor?  

 

No. I just find it absolutely hilarious that people like yourself are pumping the asset because you will probably not be able to sell it in your lifetime. It was already very difficult to sell it before covid. How many overpriced condos are you stuck with?

 

As for the previous guy who suggested a poster needs to get out more because he knows quite a few Thais with money this is a typical condescending nonsense from someone who thinks the rest of the posters are know nothings and are married to bargirls. This is a poster trying so hard to associate himself to successful "hiso" Thais who only buy his refurbished condos from a 30 year old building with cash from a whitey. The hilarity is quite amazing as if Thais like this will ride in a collapsing dirty elevators living in some smelly old building just to live in a "refurbished" room. Lets think about this for a moment.

 

For the record, my wife's best friend works for CBRE and while she was making very good living selling 30 million baht condos a few years back she literally had to change her job peddling Amway. And yes, she is doing very well because she is a good sales person, but the majority of Thais simply have no money. 

 

 

 

 

14 hours ago, Yellowtail said:

I've heard about the lack of stability every years for over twenty years. I'm much more concerned about the direction my home country is headed than I am of Thailand. 

All my worries are around getting a VISA extension, and that worry happens every year.

How much bigger would that worry be, if I'd sunk a large chunk of my assets in an unsalable property?

 

No problem if I have 100Mbht in assets and a 5Mbht Thai property.

Big problem if I have 6MBht in assets and a 5MBht Thai property. 

I'm thinking most of the white guys buying in Thailand have spent all.

1 minute ago, BritManToo said:

All my worries are around getting a VISA extension, and that worry happens every year.

How much bigger would that worry be, if I'd sunk a large chunk of my assets in an unsalable property?

Why do you have to worry about visa extensions? It seems you have plenty of "assets" so what's the problem? 

6 minutes ago, OneMoreFarang said:

Why do you have to worry about visa extensions? It seems you have plenty of "assets" so what's the problem? 

If I'd paid 2MBht cash for my home, I'd have nothing in my UK bank.

I much prefer to have that money in my UK bank with zero interest, and take the 4.74% yearly hit on the Thai mortgage as 'insurance'.

 

I can imagine a 'near future' where all foreigners in Thailand are 'invited' to leave the country.

Happened in Vietnam, happened in Cambodia, happened in Uganda, happened in Rhodesia, happened in Yugoslavia.

Those who refuse to learn from history, are doomed to repeat it.

8 minutes ago, BritManToo said:

I can imagine a 'near future' where all foreigners in Thailand are 'invited' to leave the country.

Happened in Vietnam, happened in Cambodia, happened in Uganda, happened in Rhodesia, happened in Yugoslavia.

Those who refuse to learn from history, are doomed to repeat it.

Do you have more information about that?

I follow the general news everyday, but I don't remember reading anything about people had to leave those countries. 

4 minutes ago, OneMoreFarang said:

Do you have more information about that?

Yes, but off topic ..........

My family owned a large farm in Rhodesia, one day a pickup arrived with guys carrying AK47's. They were told to walk away only with what they could carry, as they walked through the gate, the farm burned (mid-late 1990's). They ended up renting a 1 bed flat in the UK.

2 minutes ago, BritManToo said:

Yes, but off topic ..........

My family owned a large farm in Rhodesia, one day a pickup arrived with guys carrying AK47's. They were told to walk away only with what they could carry, as they walked through the gate, the farm burned (mid-late 1990's). They ended up renting a 1 bed flat in the UK.

That is obviously a sad story. But I have to admit I don't see a connection to Vietnam or Cambodia or Thailand in the recent past or foreseeable future.

22 minutes ago, OneMoreFarang said:

That is obviously a sad story. But I have to admit I don't see a connection to Vietnam or Cambodia or Thailand in the recent past or foreseeable future.

All the countries I mentioned forced foreign people out in my lifetime.

Did you forget Pol Pot?

The world is getting less stable, but up to you, you can risk your money betting on whatever you like. I choose not to bet on Thai property at this moment in time.

42 minutes ago, BritManToo said:

 

 

I can imagine a 'near future' where all foreigners in Thailand are 'invited' to leave the country

of course that could happen but I'm sure people have been threatening that for decades, always renters

3 minutes ago, scubascuba3 said:

of course that could happen but I'm sure people have been threatening that for decades, always renters

And yet, I'm not a renter .........

I've spread my risk using a Thai lady and a Thai bank.

(my total exposure is 300kbht + monthly mortgage 'rent')

2 minutes ago, BritManToo said:

And yet, I'm not a renter .........

I've spread my risk using a Thai lady and a Thai bank.

Let's be honest much higher risk a thai wife takes someone's house, pickup and money in a divorce, appreciate a mortgage will help in your case

28 minutes ago, OneMoreFarang said:

That is obviously a sad story. But I have to admit I don't see a connection to Vietnam or Cambodia or Thailand in the recent past or foreseeable future.

 

The point is it's not your country. 

 

I just watched the interview with a Thai girl who won a gold medal. The Korean trainer who helped her win gold has been in Thailand for 20 years, training Thais. He says he wants Thai citizenship... will Thai government give him now after 20 years? 

13 minutes ago, BritManToo said:

All the countries I mentioned forced foreign people out in my lifetime.

Did you forget Pol Pot?

The world is getting less stable, but up to you, you can risk your money betting on whatever you like. I choose not to bet on Thai property at this moment in time.

Those were during wars and revolutions and ethnic cleansing .

   I cannot envisage Thailand going down that route . 

Smoking marijuana can cause paranoia 

33 minutes ago, Pravda said:

He says he wants Thai citizenship... will Thai government give him now after 20 years? 

As far as I know Thailand has clear rules for permanent residency and citizenship - like many (all?) countries.

If he wants citizenship then he should apply. And obviously he could have done that already since many years.

 

Personally I don't think those rules should be based on being the trainer of a person who is successful in sports.

24 minutes ago, Mac Mickmanus said:

Those were during wars and revolutions and ethnic cleansing .

   I cannot envisage Thailand going down that route . 

Smoking marijuana can cause paranoia 

Just over the border there in Burma a coup,a military one,brought the country to its knees,as if it was not  there already. What you see in Thailand is a military government,albeit few puppet civilians,that can turn,and I think it will be full blown military intervention sooner than later,as covid takes its toll on the country

 Civilian uprising,followed by foreigner expulsions,no witnesses to events unfolding

10 minutes ago, fredscats said:

Just over the border there in Burma a coup,a military one,brought the country to its knees,as if it was not  there already. What you see in Thailand is a military government,albeit few puppet civilians,that can turn,and I think it will be full blown military intervention sooner than later,as covid takes its toll on the country

 Civilian uprising,followed by foreigner expulsions,no witnesses to events unfolding

Myanmar was ruled by the military for a long time. Even when the military was in the background in the last years it was clear to everybody watching that the military was still there and very powerful.

 

Thailand is totally different. Yes, Thailand had many military coups. And it had lots of bad and corrupt politicians. But how much did fundamentally change in Thailand in, lets say, the last 50 years? Very little!

18 minutes ago, fredscats said:

Just over the border there in Burma a coup,a military one,brought the country to its knees,as if it was not  there already. What you see in Thailand is a military government,albeit few puppet civilians,that can turn,and I think it will be full blown military intervention sooner than later,as covid takes its toll on the country

 Civilian uprising,followed by foreigner expulsions,no witnesses to events unfolding

We dont live in Burma though .

Burma has been unstable for many years .

Civil wars and factional fighting and also a hostile Government .

  Thailand is very different to Burma 

18 hours ago, fredscats said:

Absolutely no stability in Thailand,living year by year on potential host of problems

 

Fleet of foot comes to mind, for political ,medical, and whatever else that could rock your boat

We seem to be grasping here for lost fundamentals. Noobs?

 

For decades our very shrewdest members have always adhered closely to the classic street-smart TVF Poster Three Primal Laws Of Survival In Thailand. Such adherence accounts for their enviable happiness, success, and above all financial solvency.

 

1. Never invest in anything you aren't ready to lose;

2. Never own more than you can carry with you or leave behind;

3. Keep your suitcase packed at all times.

 

Which is all we need, 'nuff said. Quoting one or more of the Laws gives you ten (+10) instant points of TVF posting cred from the peanut gallery.

 

After this, we all need to post our Plan Bs again. Never gets old.????

Just now, BigStar said:

We seem to be grasping here for lost fundamentals. Noobs?

 

For decades our very shrewdest members have always adhered closely to the classic street-smart TVF Poster Three Primal Laws Of Survival In Thailand. Such adherence accounts for their enviable happiness, success, and above all financial solvency.

 

1. Never invest in anything you aren't ready to lose;

2. Never own more than you can carry with you or leave behind;

3. Keep your suitcase packed at all times.

 

Which is all we need, 'nuff said. Quoting one or more of the Laws gives you ten (+10) instant points of TVF posting cred from the peanut gallery.

 

After this, all need to post our Plan Bs again.

Here you are (6 pack whatever),proverbial nice guy of all property ownership in Thailand

 

1  you've lost it already as cannot sell

 

2 no carry off problems,nowt owned

 

3 nah!  just enough in Thai bank(topped up nearing zero) to carry me thru airport and onward

5 minutes ago, Mac Mickmanus said:

I am not sure what you are saying 

Does it really matter? 

2 minutes ago, OneMoreFarang said:

Does it really matter? 

no  if u ever lived there  u would know,if not im not going into detail

2 minutes ago, Mac Mickmanus said:

Contrary to some Westerners beliefs , you cannot just go to a Country and decide to stay there forever .

   Wherever you lay your hat isn't actually your home .

You need to get a visa to stay in a Country and usually that's restricted to on a monthly basis , unless the Country offers long term visas if you meet the requirements 

Christ almighty    Did I say FOREVER   lay my HAT DOWN   VISA   no had 555555555555 year visa     no more please   no more  Im switching off comp now goodbye

On 7/24/2021 at 2:29 AM, fredscats said:

At Thai prices which are a fraction of farang price

is there a website where one can see sold prices?

4 hours ago, Pravda said:

 

No. I just find it absolutely hilarious that people like yourself are pumping the asset because you will probably not be able to sell it in your lifetime. It was already very difficult to sell it before covid. How many overpriced condos are you stuck with?

 

As for the previous guy who suggested a poster needs to get out more because he knows quite a few Thais with money this is a typical condescending nonsense from someone who thinks the rest of the posters are know nothings and are married to bargirls. This is a poster trying so hard to associate himself to successful "hiso" Thais who only buy his refurbished condos from a 30 year old building with cash from a whitey. The hilarity is quite amazing as if Thais like this will ride in a collapsing dirty elevators living in some smelly old building just to live in a "refurbished" room. Lets think about this for a moment.

 

For the record, my wife's best friend works for CBRE and while she was making very good living selling 30 million baht condos a few years back she literally had to change her job peddling Amway. And yes, she is doing very well because she is a good sales person, but the majority of Thais simply have no money. 

I've said several times I do not own a condo, nor have I ever claimed they were good investments. You are either not paying attention, making things up or (more likely) both. 

 

Don't the majority of people everywhere have no money?

 

Don't the banks everywhere hold the paper on most of the property? 

 

 

 

 

3 hours ago, BritManToo said:

All my worries are around getting a VISA extension, and that worry happens every year.

How much bigger would that worry be, if I'd sunk a large chunk of my assets in an unsalable property?

 

No problem if I have 100Mbht in assets and a 5Mbht Thai property.

Big problem if I have 6MBht in assets and a 5MBht Thai property. 

I'm thinking most of the white guys buying in Thailand have spent all.

I agree it would be stupid for anyone with so little money to pay cash for any property. 

 

I do not seem to have any trouble getting the visa extensions. 

 

 

 

3 hours ago, BritManToo said:

And yet, I'm not a renter .........

I've spread my risk using a Thai lady and a Thai bank.

(my total exposure is 300kbht + monthly mortgage 'rent')

so you bought the lady 'outright'? ???? If that money is in the bank what makes you think you'd lose it outright? Even when there's a 'bank run' you never lose all your money or do you see the Baht going the way of the Zimbabwe dollar anytime soon?

As this is in the Thailand Real Estate Forum, off topic posts and replies related to India have been removed. 

Any property can be sold, the price just needs to be low enough. 

1 hour ago, BigStar said:

For decades our very shrewdest members have always adhered closely to the classic street-smart TVF Poster Three Primal Laws Of Survival In Thailand. Such adherence accounts for their enviable happiness, success, and above all financial solvency.

Buy your condo, buy your Elite 20 year VISA, live in the condo for the next 20 years hassle free guaranteed!  How has that worked out for you all?

Having a 20 year VISA you can't use because you need a border hop every year to stay here.

 

Who would have guessed their 2MBht VISA would become worthless so soon?

 

7 minutes ago, BritManToo said:

Buy your condo, buy your Elite 20 year VISA, live in the condo for the next 20 years hassle free guaranteed!  How has that worked out for you all?

Having a 20 year VISA you can't use because you need a border hop every year to stay here.

 

Who would have guessed their 2MBht VISA would become worthless so soon?

 

They can renew their Elite visa from within Thailand , no need to go abroad