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Posted

My girl worked in 5 star villas.  She has been out of work for 2 years now.  One of her previous work mates was living with her thai husband in his mom's home.  They had a daughter together.  I have mentioned her husband in another thread.  He is a chain smoking, violent, short, bald, toothless, <removed> drug using truck driver.  But despite being the ugliest man on the planet, he would regularly bring random girls home and <deleted> them in the marital bed at his mum's house, he would just tell his wife to go and sleep with their daughter.  If she complained he would give her a hiding.

 

Years ago prior to covid I would often go to the villas and have lunch with my girl and over time I got to know her friend quiet well.  She would regularly come to work with a black eye or bruises.  She is a bright, hardworking lass and had learned to drive heavy vehicles in her early years on the road with dreamboat.

 

She got an opportunity to work as a self employed minibus driver at a resort in another town and so she grabbed on with both hands.  She borrowed 1.2 million for a van and was doing great.  She moved camp, took her little girl with her and was on her way.  She managed to save a small deposit and ("to leave something for my daughter's future") she borrowed another 1.8 million to buy a little 2 bed attached house in a new thai development.

 

My girl just got off the phone with this lady tonight.  She called to ask if we knew anywhere she could get some work.  The finance company has repossessed the minivan because she could no longer make payments.  The bank will foreclose on her house next month.

  • Sad 24
Posted
11 minutes ago, Pravda said:

And so what? Again, she didn't buy  Benz, she bought a house. It's a long term, usually smart investment. 

 

Just a very bad luck on her part.

IF you can.afford it.

Posted

That girl needs get on onlyfans. She will repay her debt in no time. 

And your girl couldn't pick up a skill and start making chips in two years? 

  • Confused 2
Posted

An off topic  post/video has been removed

"Smoke me a kipper, I'll be back for breakfast!"

Arnold Judas Rimmer of Jupiter Mining Corporation Ship Red Dwarf

Posted

My wife's cousin in BKK had her own beauty salon since 2015, then covid hit and she had to close her rental shop and operate out of her home, but over time her customers stopped visiting her and this month the bank is repossessing the home and she's moving back to a small Issan village. 

  • Sad 1
Posted
On 12/9/2021 at 1:52 PM, Adumbration said:

She borrowed 1.2 million for a van and was doing great. 

she borrowed another 1.8 million to buy a little 2 bed attached house in a new thai development.

Not being up with van prices , is it really realistic to pay 2/3rds of the price of a house for a van ? 

 

 

 

Posted

All these problems originating from lucrative offers: the cars, houses, phones, they show only the down payment amount. So easy to pay and you leave with the car, house, phone, enjoying the life.

 

In Thai mentality is never to be concerned with the future.  Live for today, in the worst case just for tomorrow. Not for the days coming after.

 

 

  • Like 1
Posted
1 hour ago, bbko said:

My wife's cousin in BKK had her own beauty salon since 2015, then covid hit and she had to close her rental shop and operate out of her home, but over time her customers stopped visiting her and this month the bank is repossessing the home and she's moving back to a small Issan village. 

One million stories exactly like that here. Cheap govt-backed bank loans likely a govt. device to pacify the population like rubbish rote education and “know your place” culture.

  • Like 1
Posted
On 12/9/2021 at 8:52 PM, Adumbration said:

regularly bring random girls home and <deleted> them in the marital bed at his mum's house

Why do you know this? 

You know one of the random girls or the mum? 

 

Or do you just tell us fery tales? 

  • Confused 2
  • Haha 1
Posted

The problem is that all THAI WOMEN WANT THE SAME THINGS

 

a house

a car 

a family

 

The only problem they have is that they do not talk to anyone about how they are going to do it they just know that they want it so they are going to get it.

 

They never look at how they are going to do it.  Sadly a lot of western people are in the same boat.

 

What I find interesting is the speed of foreclosure.  My ex gf left me and left house I moved out and stopped paying.  It has been over 2 years and the bank still has not foreclosed and when asked about buying it from them said that ex still was the owner.

 

I think this story and a lot of houses are going to start coming onto the market soon.

Posted
1 hour ago, RichardColeman said:

Not being up with van prices , is it really realistic to pay 2/3rds of the price of a house for a van ? 

 

 

 

1.2 is the going rate for a new Toyota commuter van.

Posted
1 hour ago, RichardColeman said:

Not being up with van prices , is it really realistic to pay 2/3rds of the price of a house for a van ? 

 

 

 

But that's the cost of a Thai built house.......????

Posted
On 12/9/2021 at 11:24 PM, Jingthing said:

I'm wondering if the Thai education system should place a higher priority on teaching about personal finance management.

Like they do in USA? Never along the line of my too long education in USA do I remember being taught any practical real life financial education... or maybe I missed a few days... 

 

And I doubt that they do now... and my fellow students were much further above the poverty levels than the average student here... 

 

And sorry for the OP's friends troubles. I have met others here who made similar moves and were victims of bad timing. 

  • Like 2
Posted
On 12/9/2021 at 8:52 PM, Adumbration said:

She borrowed 1.2 million for a van and was doing great.  She moved camp, took her little girl with her and was on her way.  She managed to save a small deposit and ("to leave something for my daughter's future") she borrowed another 1.8 million to buy

Just those numbers don't tell much of the story.

I.e. did she have already a million and then she borrowed another million? Or did she have no money at all and borrowed a million?

It seems too many people borrow money and think all will be fine. Business will always be great, nobody will be sick, no accidents, no problems, just making money. And then something happens which destroys that dream.

Obviously I don't know how it was in her case. But it seems too many people just borrow without much of a (realistic) plan.

Posted
On 12/10/2021 at 6:43 PM, HashBrownHarry said:

Is this taught in the education system anywhere else in the world?

Why would any system educate the people which it so obviously trains and indoctrinates to exploit?

  • Confused 1
Posted
4 hours ago, Saanim said:

All these problems originating from lucrative offers: the cars, houses, phones, they show only the down payment amount. So easy to pay and you leave with the car, house, phone, enjoying the life.

 

In Thai mentality is never to be concerned with the future.  Live for today, in the worst case just for tomorrow. Not for the days coming after.

 

 

If I were young again, I'd be living the same way.

 

  • Thanks 1
Posted

With all these insolvency, how does the thai banks survive? In general, bank wants you to repay loans and not possessed the asset. Anyone care to explain thai banking profit operations. Thanks   

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