You sold everything!

[georgegeorgia]

Go on admit it !

Who now has  NO residence ,no house back in farangland where they came from 

 

Some of you sold up to come to Thailand, Philippines or wherever your based in Asia didn't you !

 

So whether you retired from Australia,UK ,USA or bloody Belgium you have nothing to go back to if <deleted>e hits the fan !

 

You sold it ,so if you get very sick ,if something happens like visa issues or legal matters or whatever you have nothing to go back to , your in the <deleted>e !

 

So unless your say over 75 you took a  big risk in selling your house in farangland

 

How many of you regret it ,admit it ,yes some if you wished you kept your house 

Edited September 21, 2023 by georgegeorgia

[Jingthing]

This is news to you?

[georgegeorgia]

1 minute ago, Jingthing said:

This is news to you?

You also sold and are living in a condo in jomtien

 

What happens if you have to go back some day for treatment why did you do this ?

 

[georgegeorgia]

And please guys don't say oh that's ok you have a brother or a son or whatever back in farangland and they will put you up etc etc 

 

They will only put up with you until they get sick of you !!!

 

[save the frogs]

18 minutes ago, georgegeorgia said:

you have nothing to go back to

you have a rental to go back to if you dont own.

 

[Jingthing]

Thailand

(or Cambodia, Philippines, Mexico, or Panama ...)

OR BUST!

[Gecko123]

True enough, no argument here. The ultimate test of financial health for the expat is the ability to repatriate, and inflation, especially with housing costs, can really throw a monkey wrench into even the best laid plans.

 

On the other hand...the risks of property ownership are soaring. Sea level rise, sargassum and plankton blooms, hurricanes, flooding, drought, ground water depletion, forest fires, unavailability of insurance, rising property taxes, and potential degradation of neighborhoods due to homelessness and influxes of climate refugees (both internal and cross-border) seem to be making home ownership less attractive. The value of maintaining your mobility options seems to be growing.

 

With global debt levels hitting new all-time highs and the era of free money coming to an end, there is also a growing risk that real estate valuations will correct in the future as well.

 

So it's not as cut and dried as it might appear at first glance.

Edited September 21, 2023 by Gecko123

[bignok]

43 minutes ago, georgegeorgia said:

You also sold and are living in a condo in jomtien

 

What happens if you have to go back some day for treatment why did you do this ?

 

What ifs

Life is full of what ifs

 

There is no cure for life. Only death. Might as well have a go at something.

[Gottfrid]

1 hour ago, georgegeorgia said:

Go on admit it !

Who now has  NO residence ,no house back in farangland where they came from 

 

Some of you sold up to come to Thailand, Philippines or wherever your based in Asia didn't you !

 

So whether you retired from Australia,UK ,USA or bloody Belgium you have nothing to go back to if <deleted>e hits the fan !

 

You sold it ,so if you get very sick ,if something happens like visa issues or legal matters or whatever you have nothing to go back to , your in the <deleted>e !

 

So unless your say over 75 you took a  big risk in selling your house in farangland

 

How many of you regret it ,admit it ,yes some if you wished you kept your house 

Yes, I admit! Sold it, as I did not want any costs for somebody to look after it and take care while living in another country. Also sold it for 3 times more than I bought it for. After that, I have financial security, that makes it possible to buy 20 new homes if the need to go home would surface.

However, all of that doesn´t matter, as a person with only a descent retirement check could also sell up without putting themselves at risk. What <deleted> would hit, that can´t be fixed?

• Visa issues and legal matters. Just move to another SE country that accepts you or try out Mexico, South America and so on. New adventure in life. New discoveries.
• If you get sick, there are insurances as well as the possibility to go home to get care.
• There is always something to go back to, as we all can live in a rental condo.

This sounds more like you feel that you have made this mistake, and are warning others.

[JayClay]

I didn't sell anything.

 

I didn't have anything to sell.

[scubascuba3]

Might as well sell eventually, i plan to sell in about 15 years.

 

Return to go into an old peoples home, why would anyone want that?

Edited September 21, 2023 by scubascuba3

[daveAustin]

 

8 minutes ago, JayClay said:

I didn't sell anything.

 

I didn't have anything to sell.

Same here. Why stress, no one’s getting out of this alive anyway. ????

[ezzra]

Didn't really understood the point of the topic, are you upset at people who sold their properties or at yourself? it's very simple, it's all about your financial situation, if you sold and keep the funds to buy again so what is the problem? if you sold and spent the money, Oh well...

[BritManToo]

40 minutes ago, JayClay said:

I didn't sell anything.

 

I didn't have anything to sell.

Me too!

The divorce judge took care of everything I owned in the west.

[JayClay]

2 minutes ago, BritManToo said:

Me too!

The divorce judge took care of everything I owned in the west.

I didn't lose anything to any woman or judge.

 

I didn't have anything to lose.

[fredwiggy]

Made a mistake, sold house, came here, built house I now live in. Will go back and get a rent to own as soon as possible.

[Mike Teavee]

Not sold mine yet but will be next year given the way the UK is going for people who are only landlords because we rent out the house we used to live in.

 

Will buy a condo in Thailand & put the other 65-75% into some Blue Chip stocks with the net result being I'll live rent free & get more income than the 4% (before agent fees & expenses) that the house is currently generating (My fault, I never raise the rent so it's at 2/3rds the normal market rate - as I said, I didn't get into this to be a landlord). 

 

If I ever go back, I'll sell the investments & buy a new place, why would I want to live in a 4 bedroom detached house in the middle of nowhere when I've been living in Condos for the past 16 years...  Not even sure I ever want to live in a place with stairs again. 

[HappyExpat57]

Nope. Kept my house, put it in the hands of a property manager I trust, and it's been a gold mine ever since.

 

Should the day come where I need to go back to the homeland for health reasons, I have it, debt free.

[OneMoreFarang]

When I moved to Thailand, I was smart. I stored lots of things, and I paid for the storage for years.

And then a friend sold a few things and gave away others and trashed the rest.

I paid lots of money for that storage, in hindsight all wasted money.

 

I would recommend to anyone, get rid of your things before you move. Or maybe pay for storage for a couple of months, just in case you change your mind. Don't pay for years for storage of things which you can't sell for good money.

[Will27]

1 hour ago, ezzra said:

Didn't really understood the point of the topic, are you upset at people who sold their properties or at yourself? it's very simple, it's all about your financial situation, if you sold and keep the funds to buy again so what is the problem? if you sold and spent the money, Oh well...

Most of his topics have no point.

 

He's stuck in Australia and is as bored as <deleted>.

[fredwiggy]

14 minutes ago, OneMoreFarang said:

When I moved to Thailand, I was smart. I stored lots of things, and I paid for the storage for years.

And then a friend sold a few things and gave away others and trashed the rest.

I paid lots of money for that storage, in hindsight all wasted money.

 

I would recommend to anyone, get rid of your things before you move. Or maybe pay for storage for a couple of months, just in case you change your mind. Don't pay for years for storage of things which you can't sell for good money.

What was smart about, it seems, giving a "friend" the storage key so he could sell, give away, and trash your things?  When you move, if it seems to be at least a semi permanent thing, you bring them with you. That's what I did, and still have them here, and will bring them back to the states when we move back. Some things can be replaced, mine really couldn't.

[quake]

Sill have uk properties

will sell one in 5-6 years time, when uk pension comes.

[bkk6060]

If a person has made poor investments, had lousy jobs with little retirement income, and lost most to the ex wife, then I can see it.

But, some of us sold and made huge gains off housing and have good retirement income.  Going back is easy if you can support yourself with buying again or renting no problem. 

[Celsius]

3 hours ago, save the frogs said:

you have a rental to go back to if you dont own.

 

 

People "back home" don't rent out to people without jobs

[fredwiggy]

1 minute ago, Celsius said:

 

People "back home" don't rent out to people without jobs

But they do to those on retirement and pensions.

[Celsius]

2 minutes ago, fredwiggy said:

But they do to those on retirement and pensions.

 

On 1000-2000 a month retirement pension?

 

I don't think so. Landlords in the west are getting very picky due to numerous nanny state rules.

[JimTripper]

3 hours ago, save the frogs said:

you have a rental to go back to if you dont own.

 

These days you need references, work history and a credit check. It’s not that easy to rent a place in other countries!

[quake]

20 minutes ago, Celsius said:

 

On 1000-2000 a month retirement pension?

 

I don't think so. Landlords in the west are getting very picky due to numerous nanny state rules.

+1. ,  I sure am. 

[fredwiggy]

35 minutes ago, Celsius said:

 

On 1000-2000 a month retirement pension?

 

I don't think so. Landlords in the west are getting very picky due to numerous nanny state rules.

Do you live there? I did for 62 years, and all of my family still does. If you can pay the rent, they will rent. A mortgage is also possible for retirees.

Who is eligible for mortgage in USA?

 

 

Conventional loans (the most common type) require a 620 FICO score; FHA loans require a 580 minimum; VA loans usually require 580-620; USDA loans require a 640 score. Credit history: Your recent credit history also determines whether you qualify for a home loan.

[sirineou]

Nothing other than my soul to the devil.