Thai PM Defends Changes to Property Rules for Foreign Buyers

[lordgrinz]

Just now, Patong2021 said:

The best advice I was given by wiser experienced expats was to purchase nothing in Thailand that I was not prepared to write off/lose or give up with no return.  Property investment by foreign investors is highly risky and does not deliver the large returns assumed will be delivered. You buy for a place to live and/or to raise a family. If you break even or make a small profit after taxes and upkeep, then you have done well. 

My observation is that the people always going on about their investment success and their big profits are people who haven't got much money  and usually have minimal liquidity.

 

Been living that way since I got here, everything is in my wifes name here in Thailand, I will own nothing while here, all my assets stay in the US and hers stay here in Thailand. We keep completely separate accounts and property. The only thing I keep here is a bank account, purely for immigration purposes, but I do use it to buy some things here when needed.

[Chris Daley]

But many Thai men only have 3 things to do in a day:  Drink beer, lay horizontal, beat the wife and kids.