Selling land to foreigners is not treasonous - it's economic sense: Prayuth

[chalawaan]

1 hour ago, p414 said:

You have only to look at what happened in England by allowing foreigners to own land and houses...Now no average working man can afford to even get on the housing ladder...Even The Bishops Avenue which was the most sought after address in London is now filled with empty houses belonging to specula

tors or people hiding money...

You only have to wonder why every one of these statements never seems to mention that an Englishman sold the bloody house to a foreigner to begin with! 

And I'm sorry, but if you vote Tory, and at the same time, lacked the gumption to get ahead while university was FREE up until the late 80's then don't blame some peasant in the Far East who did exactly that!

Even the Russians all started with much less than the average Brit at the fall of the USSR, but they worked their nuts off, came over, and bought Belgravia, and more power to them.

I have a Thatcher work ethic to my Socialist leanings. its only the layabouts and failures who're whining now.

[DefaultName]

The UK allows anyone to buy land.  Look at how that has gone and don't do this for anything larger than a family dwelling, and even then, only one to a foreigner.

[Fore Man]

 My Thai wife and I lived in Chiang Mai for 16 years until 2019, at which point we placed our large golf course estate home on the market, planning to relocate to the US for several years before ultimately returning to Thailand.  We expected a lengthy  wait to make a sale, if at all and were shocked when a wealthy tycoon from Shanghai paid us full price for the property only a month later.  He even bought the empty parcel adjacent to our land from another, Thai seller.  Of course he was able to do so by arranging a Thai-majority limited partnership to take ownership. But as a poster commented previous this thread, many homes languish on the market for years and usually are just rented out interminably.  The real fear that Thais have is that these deals will inflate land values far above the means of their people unless they already are extremely wealthy.  We indeed had Thai neighbors there, but in every instance they were very well-to-do families: local business tycoons, long established doctors, two Thai ambassadors and even a former Thai prime minister.  So I can well understand both sides of this argument.  It’s not a cut and dried situation.

[Keesters]

Can't wait to own my 52 sq wah and build that nuclear reactor I've always promised myself. 

[chalawaan]

1 minute ago, DefaultName said:

The UK allows anyone to buy land.  Look at how that has gone and don't do this for anything larger than a family dwelling, and even then, only one to a foreigner.

the UK is (apart from Brexit) an economic superpower, and as many have pointed out here to the xenophobic Thais, the land can't be carted off to Ryadh, Moscow or Beijing.

 

The reason Thailand is screwed is because of its protectionism, all the success stories around the world have open Capitalist markets, if the working class are priced out, then, organize and demand the mega corporations pay their share of taxes to fund decent social housing. Singapore have managed to socially house everyone to very reasonable standards, apart from migrant workers, which is a blot on their copybook.

The power lies with YOU realizing you need to riot if necessary, to wake up the toffs, and NOT focus on foreigners. 

[Sir Dude]

There's nothing wrong with allowing foreigners to buy land, so long as it's done right. Something along the lines of... those who are married (not a sham one), retired with a certain length of continual back-to-back visas, limits on size of land (like half or 1 rai), only owning like a max of 2 properties (so house and condo, for example), designate areas that are okay for this (like estates) etc. etc.

I'm not suggesting a free-for-all as that will spell trouble with large corporations or zillions of Chinese gorging themselves on anything available and then it will become a political problem, like it has in New Zealand or other places. Do it right, and a situation will arise where Thai society is fair to foreign residents who contribute, the government gets investments that are positive/of benefit, and Thais aren't priced out of the market... although, a large proportion of Thais already are as it stands now.

If you want to attract foreign investment and people to sink money into the country etc., then it's about sentiment and confidence... and these are brought about by fairness and strength of law with everyone being treated the same regardless (basically not screwing over straight-up foreigners). Until you start addressing that, then you can dream up whatever ideas you want and it won't fly. If people think things will just quietly be rescinded or perform a complete 180 at short notice, then the "jumpy investor" syndrome will persist.

Thailand could "ace it" so easily, if it just let go of some seriously outdated opinions championed by some seriously outdated dinosaurs. Actually, to be a little whimsical, I'm surprised that Prayuthosauros is actually up-for-it, when the other nationalist relic has already done a extreme yellow shirt rant on it being treasonous. 

 

Edited September 22, 2021 by Sir Dude
Typos

[sead]

Very easy solution. 

Limit it to only private persons and no company. Max 2 houses in 1 foreign name. Same with land. Max xx sqm per foreign and not in company name

[sead]

5 minutes ago, Sir Dude said:

There's nothing wrong with allowing foreigners to buy land, so long as it's done right. Something along the lines of... those who are married (not a sham one), retired with a certain length of continual back-to-back visas, limits on size of land (like half or 1 rai), only owning like a max of 2 properties (so house and condo, for example), designate areas that are okay for this (like estates) etc. etc.

I'm not suggesting a free-for-all as that will spell trouble with large corporations or zillions of Chinese gorging themselves on anything available and then it will become a political problem, like it has in New Zealand or other places. Do it right, and a situation will arise where Thai society is fair to foreign residents who contribute, the government gets investments that are positive/of benefit, and Thais aren't priced out of the market... although, a large proportion of Thais already are as it stands now.

If you want to attract foreign investment and people to sink money into the country etc., then it's about sentiment and confidence... and these are brought about by fairness and strength of law with everyone being treated the same regardless (basically not screwing over straight-up foreigners). Until you start addressing that, then you can dream up whatever ideas you want and it won't fly. If people think things will just quietly be rescinded or perform a complete 180 at short notice, then the "jumpy investor" syndrome will persist.

Thailand could "ace it" so easily, if it just let go of some seriously outdated opinions championed by some seriously outdated dinosaurs. Actually, to be a little whimsical, I'm surprised that Prayutosauros is actually up-for-it, when the other nationalist relic has already done a extreme yellow shirt rant on it being treasonous. 

 

Etf

 I just wrote almost the same haha. Now im reading youurs

[thailand49]

This won't ever happen, just smoke and mirrors because they are hurting economically.  The will suggest delay delay hoping and dreaming people will be knocking down the doors to get in and buy but as time goes and goes and thing quiet down it will just like everything get flushed down the toilet.

[Thunglom]

There's a fine line between policies of selling land to foreigners and paranoia.

 

the Thai resistance seems not to be based on common sense but ultra nationalism.

What one needs to bear in mind is that if you sell land to a foreigner, they can't take it away with them - it will always remain a part of Thailand and be subject to Thai laws.

 

It's the laws themselves that need reviewing, updating and implementing.

Edited September 22, 2021 by Thunglom

[Mr Meeseeks]

9 hours ago, wprime said:

Well if Prayut supports it it might actually go through.

He only does what he's told. 

 

His boss has a lot of land though... 

[Tarteso]

9 hours ago, webfact said:

The PM is well known for his off the cuff rants and the outburst

Just like my little young son ????

[tonypattaya]

10 hours ago, TooMuchTime said:

Everything will be owned by China.

So what? Why is it important who owns what building or land. The building or land remains in Thailand under Thai laws!

[Xonax]

They should not even consider to let foreigners buy land in Thailand, unless they actually intend to live here most of the year.

[stigar]

12 minutes ago, Xonax said:

They should not even consider to let foreigners buy land in Thailand, unless they actually intend to live here most of the year.

Because ur thai gf will kick ur ass and u loose it all anyway.

 

[MrJ2U]

My wife didn't like the idea at all.

 

She mentioned the Chinese will buy Thailand.

[Scrotobike]

There are Chinese friends queueing up with self stuffing envelopes.

Buy up Thailand

Become part of China

[Magenta408]

Chinese, Thais or other nationalities cannot buy land in the USA or Canada or Australia as it crashes their economies? What a crock. 

[unblocktheplanet]

Yep, we could be the next Sihanoukville! This guy is just too much!

[ericthai]

10 hours ago, ThailandRyan said:

Folks have been saying g that since Nixon first opened up the US to them.  Must be a long con.....

I dont get what you're saying, Chinese were in the USA long before Nixon.

[wwest5829]

While I understand the sentiment of resisting more wealthy foreigners buying the land … and have seen the same reasoning elsewhere even in the USA, I cannot find the Thai ownership of private households justifified.

[zzaa09]

11 hours ago, wprime said:

Well if Prayut supports it it might actually go through.

Though, guarantee it's not his call. 

Derived from a higher and influential source.

[Call]

This is as serious as the Thai plan to put a man on moon. Sell land to foreigners will just not happen!!!

The Thai elite are for some reason against it, that matters.

[barney42bb]

Since the Chinese have bought most of what is worth having.. along with massive unplayable loans to Thailand.. May as well have a free for all as to what’s left

[Thunglom]

10 minutes ago, barney42bb said:

Since the Chinese have bought most of what is worth having.. along with massive unplayable loans to Thailand.. May as well have a free for all as to what’s left

really how did they manage that?

[Thunglom]

Foreigners can of course own land in USA, UK and Malaysia. 

[kiwikeith]

16 hours ago, seajae said:

but is it only going to be sold to the rich or can those of us with thai wives/partners own the land we live on as well, just allowing "rich" non thias to own land is absolute BS as it will be bought purely to make a profit on, those of us living on the land we already own with our partners are committed to the long term and to Thailand, profits dont come into it, it is owning our own homes/land for our future and that of our thai families

 

I just got out the tarrot cards...... 

I see thousands of condo blocks, extending from the ones extending out down the Cha Am coast all painted the same colour, extending all the way to the southern border and one ghostly light shining in each block at night, they are all empty, locals are spooked by them, they say ghosts live there, no one seems to buy them, who paid to build these ghost houses locals say. 

[kiwikeith]

15 minutes ago, Thunglom said:

really how did they manage that?

Someone, including that Thai newspaper suggested Chinese drug money??? 

[7700]

U ntil I’m allowed permanent residency in CHIALAND, I will never buy property here.  Interesting though, there are no restriction, other than financial, that would keep my wife from buying property in her accepted, adopted and dual passport Country other than CHIALAND.

[Thunglom]

1 hour ago, kiwikeith said:

Someone, including that Thai newspaper suggested Chinese drug money??? 

can they own over 49%, then?