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Why are many visas based on age?


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On 10/25/2022 at 6:57 PM, ThailandRyan said:

Why rent when you can have something for a lifetime and can hand off to your kids..............

Because the returns on rent suck, aside of the fact that the quality of build here would need a new house by the time most finish a mortgage, so that is just like renting as they will need a new loan. The only who should buy are those who earn so little, that paying the mortgage is the only 'significant' way of saving for the future. 

It is an old concept, it is not for the future and even in all the decades that worked, you would still been 2x richer if you invested it elsewhere. This is also why it's usually always old people who recommend it, it's all financial education they have:

1) Work until you can't even have sex without viagra
2) Don't live above your means, live very boring and sober to save money you never spend alive 
3) Buy a house, renting sucks, as you can see in point 1 and 2 above, I figured life out as a genius.

Edited by ChaiyaTH
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1 minute ago, ChaiyaTH said:

Because the returns on rent suck, aside of the fact that the quality of build here would need a new house by the time most finish a mortgage, so that is just like renting as they will need a new loan. The only who should buy are those who earn so little, that paying the mortgage is the only 'significant' way of saving for the future. 

It is an old concept, it is not for the future and even in all the decades that worked, you would still been 2x richer if you invested it elsewhere. This is also why it's usually always old people who recommend it, it's all financial education they have.

Yet if you can buy it without a loan, and keep up on the maintenance then its a great idea.  I would not buy here to turn around and rent. My two places I go back and forth to.  My House I sold in the US was bought for 135K USD, Sold it 20 years later for 650K USD. My Stocks did not keep up with my house appreciation during that time due to the two hits the market took.  Even though the housing bubble burst as well, it never affected my house based upon the facts of location, location, location.  Buying a house/condo is not for everyone, but it does work out, well in my case it has.

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4 minutes ago, 2009 said:

I agree; it's dumb.

 

If you have the 800k in a Thai bank, you should be able to get the retirement visa regardless of age - rather than having to wait til 50.

 

But TiT.

I mean, some of us want to be here long term without having to marry one of their trollops.

 

 

Edited by 2009
Spelled 'trollop' wrong.
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On 10/28/2022 at 11:41 AM, ChaiyaTH said:

Because the returns on rent suck, aside of the fact that the quality of build here would need a new house by the time most finish a mortgage, so that is just like renting as they will need a new loan. The only who should buy are those who earn so little, that paying the mortgage is the only 'significant' way of saving for the future. 

It is an old concept, it is not for the future and even in all the decades that worked, you would still been 2x richer if you invested it elsewhere. This is also why it's usually always old people who recommend it, it's all financial education they have:

1) Work until you can't even have sex without viagra
2) Don't live above your means, live very boring and sober to save money you never spend alive 
3) Buy a house, renting sucks, as you can see in point 1 and 2 above, I figured life out as a genius.

Exactly,

 

There are far better investments than property in Thailand. 

 

I would imagine investing in a property in Thailand would be like getting tangled in a rusty barbed-wire hedge with a bunch of Somsaks and Superporns poking you with their dicks till you sell your ass at half the market value just to get out.

 

 

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15 minutes ago, 2009 said:

I agree; it's dumb.

 

If you have the 800k in a Thai bank, you should be able to get the retirement visa regardless of age - rather than having to wait til 50.

 

But TiT.

You should be grateful that they give retirement visas to people who are 17 years away from their official home retirement age 

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5 minutes ago, Mac Mickmanus said:

You should be grateful that they give retirement visas to people who are 17 years away from their official home retirement age 

Why?

 

There need us alive to spend money, Numbnuts.

 

 

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6 minutes ago, 2009 said:

Why?

 

There need us alive to spend money,

 

 

They want big spending tourists , not people who try and make a small bit of money go a long way and generally make the streets look untidy with their old worn out clothes and a haircut once every six months 

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On 10/27/2022 at 10:01 AM, Mark1066 said:

Neither do I. The fact you only need 400k in the bank for an extension based on marriage versus 800k for a visa based on retirement would seem to suggest the opposite: that they expect you'll be sharing expenses with your wife. There's absolutely no requirement to prove you are supporting your wife in any way or form when applying for this type of extension.

Nah, come on. Please.

 

When Western women marry Thai men, they aren't required to show 400k for the visa.

 

It's expected the man takes care of the woman in both instances.

 

And you need 400k in the bank for the visa if you have a Thai child. Because you are taking care of the child.

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On 11/4/2022 at 9:15 PM, 2009 said:

I agree; it's dumb.

 

If you have the 800k in a Thai bank, you should be able to get the retirement visa regardless of age - rather than having to wait til 50.

 

But TiT.

Agreed 100%. From what I gathered, basically they make the visa requirements easy for old people because the kind of people who retire in Thailand don't have the kind of money to get wealthy pensioner visa for example.

 

By far the vast majority of these people can't muster 80K USD per year. That alone is a livable actual salary for most in their home country. Neither they have 1M USD net worth.

 

So I think that's why Thailand wants these people who don't have as much to spend but towards their EOL to spend whatever they have left here. If they could extract more money from them, then they could.

 

Otherwise why not get these retired people to also prove they have 80K income as pension for example, because they don't have it.

 

On 11/4/2022 at 9:42 PM, Mac Mickmanus said:

They want big spending tourists , not people who try and make a small bit of money go a long way and generally make the streets look untidy with their old worn out clothes and a haircut once every six months 

Many retired people don't spend much though. From what I experienced the biggest spenders are short(er) visitors so they just spend a lot to enjoy.

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