Clever Finnish man beats the system....or does he?

[NorthernRyland]

4 hours ago, Expat68 said:

I live in Issaan and was told by another Thai that people from Bangkok are buying land, which is forcing the price up

That's what they say here in Chiang Mai too! People from BKK are buying everything, hurry up before it's too late. It's true to an extent but clearly overstated from what I can tell.

[VBF]

22 hours ago, NorthernRyland said:

23 hours ago, it is what it is said:

this criminal free paradise you refer to certainly does not extend to the whole of europe, in fact i can't think of any criminal free country in europe, though i haven't been to finland. or, is this just an excuse to thai bash, which is surprising given you seem to have chosen to live here.

I'm giving the wrong impression here. I don't mean Europeans aren't criminal, I simply observe a strong trust in laws within the Europeans (I mean American, Canadian etc... too) when compare to the Thai people.

 

In the mind of the Finnish guy Jay he has a piece of paper which gives him a sense of security because he believes the system will protect him. Thai people in my observation don't have this same trust because they know there is a corruption in the officials and the paper is only as good the person willing to enforce it, which may never happen.

 

I've never gone through the legal system in Thailand but I don't trust it because I see the Thai people themselves don't trust their authorities. That's my only point.

Perhaps what you're both alluding to is that in Western countries, the law is more likely to be applied equally to all parties, regardless of whether they're locals or foreigners.

Clearly, there's often an element of "who you know" but I think that's far more the case in Thailand.

[NorthernRyland]

2 minutes ago, soi3eddie said:

Can't imagine anuyone ever paying 4 million for the land. It still sits undeveloped and overgrown after 20 years. 

and there it is. I see land for sale in CM at ridiculous prices and yet the neighbors are all dirt poor and similar land is vacant for decades. I think it has to do with the gambling mindset of Thai people and magical thinking. 4 million is not a huge amount but 10 rai is a lot and imagine what you would need to put on it in order to make an ROI. If it was that valuable it would have been snatched up already.

[VBF]

Double post - sorry! 

Edited April 24 by VBF

[VBF]

Double post - sorry   

Edited April 24 by VBF

[NorthernRyland]

41 minutes ago, Tropicalevo said:

ie the spirit of Thai law will override the letter of the law.

The way others are explaining these laws it gives the impression effective land ownership is trivial and just a matter of a  document signed at the land office. I wonder if the higher courts got involved they would rule such usufructs issued to foreigners are illegal.

[NorthernRyland]

2 minutes ago, VBF said:

Perhaps what you're both alluding to is that in Western countries, the law is more likely to be applied equally to all parties, regardless of whether they're locals or foreigners.

Clearly, there's often an element of "who you know" but I think that's far more the case in Thailand.

I feel like the law holds more power in the minds of the Western person. There's a long history of "a mans word is his bond" and legal traditions that are part of the culture and pride of the people. I simply don't see that in Thailand and so I speculate you could get burned badly if you bring that mindset into Thailand with you and expect the same outcomes.

[VBF]

2 minutes ago, NorthernRyland said:

I feel like the law holds more power in the minds of the Western person. There's a long history of "a mans word is his bond" and legal traditions that are part of the culture and pride of the people. I simply don't see that in Thailand and so I speculate you could get burned badly if you bring that mindset into Thailand with you and expect the same outcomes.

As Kipling said, "East is East and West is West, and never the twain shall meet"

Still true in many areas of life.

[Acharn]

On 4/23/2024 at 3:30 PM, FritsSikkink said:

A usefruct doesn't mean you own the land, you can use it.

Exactly. I think he's assuming family relations will be good forever. It might work. It does for millions of people.

[DTL2014]

i think you are right to ask this question : because a marriage would signify 50-50 split of property . i've had friends tell me that in italy or france your wife can have an affair  , and if you have kids ..then she would get the house.and you have to move out .That's pretty tough but it does obviously take into account  the  welfare of the woman and kids.It ignores that one member of the relationship might be using the property as a signifcant part of their investment make up .. Making marriage almost a certain financial disaster or worse -mental anguish leading to health complications..marriage is a contract...if it is to survive ..then pre nup is a pre agreed solution to how to carve up the assets in the event of a separation or divorce.break it down to whats mine, whats hers ,whats ours..is how i understand it..

[Liverpool Lou]

On 4/23/2024 at 1:33 PM, simon43 said:

AFAIK pre-nups are not legal in Thailand.

 Section 1465-1493 of the Civil and Commercial Code debunks your "knowledge".

[Njoku]

Seen one of his vids where he paid for the land they built on prior to that loaned the TGF the amount for it and had a legal contract drawn up saying so, he showed he had his name on the title, well he did, its in Thai of course, the idea behind it is if the relationship does go south he can at least force a return of the moneys he loaned for the land.

[NorthernRyland]

4 hours ago, Njoku said:

Seen one of his vids where he paid for the land they built on prior to that loaned the TGF the amount for it and had a legal contract drawn up saying so, he showed he had his name on the title, well he did, its in Thai of course, the idea behind it is if the relationship does go south he can at least force a return of the moneys he loaned for the land.

He's being very clever in trying to manipulate the system. This is why I'm curious how this holds up in court.

[Njoku]

On 5/7/2024 at 7:45 PM, NorthernRyland said:

He's being very clever in trying to manipulate the system. This is why I'm curious how this holds up in court.

My thinking is....like any contract money is loaned for an item it can be recuperate, can take it to court to force it through, the thing is the collateral which is the house is upcountry where resale would unlikely get anywhere near  the cost to buy and build, but the guy said as far as the build costs he would right it off if they split though he still had the option to get land costs back.

 

Knew a mid 40s Thai woman up country who got with an Aussie guy, he went to the trouble of building a new house etc etc for them, only for the relationship to sour, he kept all his recites and took her to court he managed she told me to get 50% of the future sale back, house up country having spent overs could take years to sell lucky to get 60% total for the house and land on what he spent, most locals interested would know the situation and low ball....

 

Mate you get a girl with a job, preferably a decent job, you give her the deposit on the house and she gets a mortgage on it, you can share the repayments, what ever, you make a deal with her..... so many decent women her who actually have regular work make decent money even educated, too many guys that come over here trawl the back alleys or are in rescue mode or worse are the controlling types that need to hand feed there women and be in total control wanting them around them 24/7. And so the story goes, but of course if you can take a potential $ loss it dont matter hey? But again id like to remind you lot of the guys coming here already have at least one failed marriage behind them, the facts are second marriages failed rate is 75% mix it with different culture and the fact you might not be as flexible as you think you are what do you have?