99-Year Land Lease To Foreigners Will Harm Thailand: Jatuporn

[still kicking]

2 minutes ago, GammaGlobulin said:

 

I ONLY care about Thailand.

I do NOT care about what happens in other countries overseas.

 

 

And Thailand cares about you? Thailand only cares about them self you are not even Thai.

[GammaGlobulin]

3 minutes ago, still kicking said:

And Thailand cares about you? Thailand only cares about them self you are not even Thai.

In spirit.

 

In spirit....I have ALWAYS been Thai, probably my entire life....

 

 

[still kicking]

1 minute ago, GammaGlobulin said:

In spirit.

 

In spirit....I have ALWAYS been Thai, probably my entire life....

 

 

Pull the other one 

[Scouse123]

1 hour ago, GammaGlobulin said:

In spirit.

 

In spirit....I have ALWAYS been Thai, probably my entire life....

 

 

 

 

Clown

[Dogmatix]

It's interesting that Srettha as someone who has spent his entire career in real estate seems unaware of the flaws in Thai leasing law.  It is simply a contract between the original lessor and lessee and is not binding on anyone else.  That means the residual part of a lease cannot be transferred or sold without permission of the lessor.  Moreover nothing is binding on a new lessor, who acquires the freehold by purchase or inheritance.  Under such flimsy leasing law 30 year leases are problematic enough but 99 year leases are pointless without a proper legal framework guaranteeing transferability and making the lease binding on any future lessors or lessees.  Without that there will be no secondary market in residual leases.  So, if you want to sell up or leave it as an inheritance to your heirs, forget it.

 

There seems to be little point for the Thaksin government to create waves in Thai society when the whole concept is unviable because they are too lazy or stupid to think it through and look carefully at what legal framework is necessary to create a secondary market in residual leases in developed legal systems with proper rule of law. Even 99 year leases become problematic in time without an automatic ability to renew them at price dictated by a fixed formula.  I bought a 99 year lease in the UK with 87 years left in it. It was a converted townhouse with four flats in it and one of the first things I did was to organise everyone to withhold the exorbitant service fees being charged by the freeholder for non-existent services plus the ground rent, because legal research told be that tenants were entitled to withhold all payments to freeholders until a dispute is resolved by agreement or it court. After a year the freeholder folded and sold us the freehold for a reasonable price because we had made it worthless to him and he couldn't sell it.   After owning it for 20 years, the leases were down to 67 years which is not very attractive to buyers.  So we renewed all the leases to 990 years. Problem solved. That is an example of the legal framework in favour of lessees in the UK. 

Edited July 14 by Dogmatix

[In Full Agreement]

On 7/13/2024 at 5:48 AM, GammaGlobulin said:

I    agree with the 10-year lease for Farang.

 

I don't want no Farang leasing land around my area.

 

Thailand for Thai People!

 

This is what I believe.

 

 

Are you on a month to month rental agreement?

 

 

 

 

[GammaGlobulin]

5 minutes ago, In Full Agreement said:

 

 

Are you on a month to month rental agreement?

 

 

 

 

 

No.

I rent by the decades.

Decade to Decade.

 

[jacob29]

5 hours ago, Scouse123 said:

Who are you to tell me to go live in England?

I didn't tell you to go live in England. Now is there a reason you're avoiding the question?

[The Old Bull]

It works both ways, in rural Thailand people could avoid loan sharks by getting a better price from a farang, when they want to pull out some equity. The problem it caused by people buying condos as investments ,they sit empty while there is a housing shortage. That's a big problem in Vancouver so they have put a tax on unoccupied units but it needs to be ten times as much to change anything. They missed the boat as the prices have risen to unaffordable levels.

[Gknrd]

It's just for the Chinese, SE Asian countries that will buy. People that are used to the air quality and polution. No westerner retiree's will fall for the condo buying in Thailand. Or very very few.  Personally I see it as a win for the condo developers. They see what is happening in China and are pushing for a change.. Good for them.

I usually don't have much good to say about Thailand but this is a good idea..

Edited July 14 by Gknrd

[BobBKK]

On 7/13/2024 at 12:33 PM, GammaGlobulin said:

 

So then, according to your plan, maybe:

 

We can have some rich Farang developers come to Thailand and "develop" the land?

 

We can build millions of low-cost subsidized housing for the Chinese tourists to purchase and inhabit, or to just leave empty until the condos rot from neglect?

 

Sounds like a plan!

 

Anyway:  Far better for rich Thai people to hold onto the undeveloped land.  This is a much better use than building USELESS Condo Junk Houses that are TOO HOT and waste much money on AC cooling.  They are not insulated, for one thing.  And they fall apart soon, for another thing.  And, the concrete required to build these garbage houses requires HUGE amounts of energy, which just needlessly adds to the ongoing Global Warming problem.

 

Sounds like a  plan!

 

 

 No, that is a misrepresentation. I think Farangs could be limited to purchasing one house, for example. I think you are wrong to assume the billions that would come into the Thai economy, much of it to ordinary Thais, would not help them. My opinion is that Thais keep it this way so that the 0.001% can buy up cheap land and property.

[BobBKK]

18 hours ago, GammaGlobulin said:

In spirit.

 

In spirit....I have ALWAYS been Thai, probably my entire life....

 

 

 I wouldn't say I like pseudo-Thais - you are not a Thai and never will be. I respect you might love Thais and Thailand but keep it real. I love Elvis, but I am no Elvis.

[Scouse123]

20 hours ago, jacob29 said:

It wasn't an answer, it was a question. One that you have dutifully dodged. If you like England so much, maybe go live in England.

 

As for greedy foreigners, you know exactly what that's about given you used the phrase 'greedy rich' to characterise Thai homebuyers who benefit from this law. So how about not feigning ignorance?

 

 

Just a fool, aren't you

[Scouse123]

11 minutes ago, BobBKK said:

 I wouldn't say I like pseudo-Thais - you are not a Thai and never will be. I respect you might love Thais and Thailand but keep it real. I love Elvis, but I am no Elvis.

 

Great answer.

 

Clowns that try going native and don't know what the hell they are talking about.

[Scouse123]

18 hours ago, Scouse123 said:

It wasn't an answer, it was a question. One that you have dutifully dodged. If you like England so much, maybe go live in England.

 

As for greedy foreigners, you know exactly what that's about given you used the phrase 'greedy rich' to characterise Thai homebuyers who benefit from this law. So how about not feigning ignorance?

@jacob29

 

Who said that then?

 

You did tell me to go live in England.

Edited July 15 by Scouse123

[Flyguy330]

On 7/13/2024 at 7:34 AM, AhFarangJa said:

I have been saying for many years that other Countries should look at the rules of a foreign national entering. For Example A Thai going into England......ok then let us see......

Cannot own a house

Cannot own a business 

Cannot get Nationality regardless of length of stay

Renew visa annually

Report every 90 days

Cannot have any occupation an English person can do

No access to free medical care.

All hospital treatment will be double priced.

 

YES! Please, Please, Please! I've been advocating this for YEARS! Not for Thailand - but for ALL nations and nationalities coming to the West. Stop giving foreigners the same rights as locals in Europe, unless they reciprocate and give Europeans the same rights as locals in their own lands. Why on earth should a foreigner coming to Europe from a country which BANS Europeans from owning a home or business be allowed to buy property and own businesses in Europe? I actually believe this would go a long way toward opening borders (which all Lefties want) and improving international trade and investment. It would increase the respect foreigners have for the privilege of living in Europe, and might even remind Europeans of the benefits they have as a result of their European citizenship.

So, YES, Please do this NOW!

[GammaGlobulin]

1 hour ago, BobBKK said:

 I wouldn't say I like pseudo-Thais - you are not a Thai and never will be. I respect you might love Thais and Thailand but keep it real. I love Elvis, but I am no Elvis.

 

But, you could be Elvis, and just be denying that you are Elvis.

Elvis, as we know, is still with us....in Spirit.

And, Elvis, through reincarnation, might be one of us who now walks the Earth.

 

[2baht]

2 hours ago, GammaGlobulin said:

 

But, you could be Elvis, and just be denying that you are Elvis.

Elvis, as we know, is still with us....in Spirit.

And, Elvis, through reincarnation, might be one of us who now walks the Earth.

 

You are weird!!!

[jacob29]

5 hours ago, Scouse123 said:

@jacob29

 

Who said that then?

 

You did tell me to go live in England.

Nobody said it. I suggested you should consider moving there if you like the place, that's not telling you to do anything.

 

Please explain to me why you called out Thai property buyers as the 'greedy rich'. Then we can all better understand how you as a potential buyer, law permitting, would not at all be greedy compared to those greedy rich Thais.

[BobBKK]

4 hours ago, GammaGlobulin said:

 

But, you could be Elvis, and just be denying that you are Elvis.

Elvis, as we know, is still with us....in Spirit.

And, Elvis, through reincarnation, might be one of us who now walks the Earth.

 

 
You have a Suspicious Mind, a Wooden Heart and Just Can't Help Believin'  🎵

[GammaGlobulin]

2 hours ago, 2baht said:

You are weird!!!

 

I know.

 

[Scouse123]

14 hours ago, jacob29 said:

Nobody said it. I suggested you should consider moving there if you like the place, that's not telling you to do anything.

 

Please explain to me why you called out Thai property buyers as the 'greedy rich'. Then we can all better understand how you as a potential buyer, law permitting, would not at all be greedy compared to those greedy rich Thais.

 

 

OK, My point is simple.

 

Why are Thai Billionaires and Millionaires, and not only them, it applies to the Saudis and other nationalities, allowed to own freehold property in London, which they seldom occupy and buy as investments, forcing Londoners out to distant provinces because they can't afford the prices any more to live anywhere near the city?

 

Yet, when a suggestion is made that I could own 1 Rai of land in North East Thailand for my houses, they are jumping up and down screaming about a foreign invasion.

 

How long have they been babbling about giving foreigners 1 Rai of land to build a house, and it always comes to nothing.

 

We have 4 Rai, but all in her sole name, not in joint names, which makes us LTR nervous, if something happens you are out on your ear. Even though, it was all your money that built it.

 

We are together 27 years, m y total time in Thailand is definitely in excess (backwards and forwards) of 35 years.

 

There is no level playing field.

[GammaGlobulin]

3 hours ago, Scouse123 said:

 

 

OK, My point is simple.

 

Why are Thai Billionaires and Millionaires, and not only them, it applies to the Saudis and other nationalities, allowed to own freehold property in London, which they seldom occupy and buy as investments, forcing Londoners out to distant provinces because they can't afford the prices any more to live anywhere near the city?

 

Yet, when a suggestion is made that I could own 1 Rai of land in North East Thailand for my houses, they are jumping up and down screaming about a foreign invasion.

 

How long have they been babbling about giving foreigners 1 Rai of land to build a house, and it always comes to nothing.

 

We have 4 Rai, but all in her sole name, not in joint names, which makes us LTR nervous, if something happens you are out on your ear. Even though, it was all your money that built it.

 

We are together 27 years, m y total time in Thailand is definitely in excess (backwards and forwards) of 35 years.

 

There is no level playing field.

 

Wow.

That sounds very stressful...

Having to live with that sword dangling over one's head...

Every day, and on into the uncertain future....

 

 

[GammaGlobulin]

I Agree to:

 

a. Having very wealthy Thai people hold onto, and protect, large parcels of land.  This will be good for Thailand, as a whole.

 

b. I do NOT agree to opening up long-term lease to foreigners and Farang.

 

This will only increase land speculation and drive up prices.

 

c. I hate the modern-day developers in Asia, and around here....

 

They just despoil, desecrate, and defoliate the land.

 

They replace the Natural Beauty of the environment in Thailand with useless and shoddy eyesores, which, mostly, due to lack of insulation and other factors, are unfit to live in, comfortably.

 

d. Therefore, increase landholdings for the Rich and Super-rich.

Because, future generations of Thais will be grateful, and will agree with me, too!

 

 

 

[off road pat]

On 7/13/2024 at 10:24 AM, Scouse123 said:

 

I am not talking about how I have been treated, which is great.

 

I have seldom had an issue in any Asian country, and I am very personable, respectful and tolerant to other peoples culture.

 

Not only that, but I am talking about the disparity of what we allow Thais in the UK to do and what they don't allow us to do in Asia.

 

As in land and property rights etc

Well, the world evolves faster in one side of the world than the other,... What can I say ??

[Flyguy330]

We can say NO!

I bet Farage would pursue this as policy.

Reciprocate, or Extricate!

[jacob29]

On 7/16/2024 at 7:36 AM, Scouse123 said:

 

 

OK, My point is simple.

 

Why are Thai Billionaires and Millionaires, and not only them, it applies to the Saudis and other nationalities, allowed to own freehold property in London, which they seldom occupy and buy as investments, forcing Londoners out to distant provinces because they can't afford the prices any more to live anywhere near the city?

As it enriches them by limiting competition. What incentive does the government have to enrich wealthy foreigners, in addition to wealthy Thais? To make it fair for foreign wealthy people?? Why would the average Thai want that, when that makes life even harder for them. 

 

Many foreigners of modest means are the wealthy class from the perspective of someone on median Thai salary. It's not a level playing field for foreigners, it's not level for low income Thai people either - just because foreign governments have some elements of poor governance doesn't mean Thailand should follow suit to make things equal. 

[DonniePeverley]

Thailand is a developing nation, not a developed rich country. Homes are still needed for Thai people, before foreigners come and speculate / hide money, etc 

 

A government should remember this - there first job is to look after it's population, MORE SO IF THE COUNTRY IS DEVELOPING. 

 

The PM / Sansiri property development would love this, but it would hurt local Thai people. 

[bristolgeoff]

I know a few expats who have a 99 yr lease otherwise they would not invest.They never own the property only a thai person.so how does it hurt the country.LOOK at cambodia the gov sold they soul or ex pm to the chinese down sth.everyone knows what happened after.It is just a way to protect the farang  for his life knowing he will never own  the land except the thai family or person.

[couchpotato]

53 minutes ago, bristolgeoff said:

I know a few expats who have a 99 yr lease otherwise they would not invest.They never own the property only a thai person.so how does it hurt the country.LOOK at cambodia the gov sold they soul or ex pm to the chinese down sth.everyone knows what happened after.It is just a way to protect the farang  for his life knowing he will never own  the land except the thai family or person.

I believe there are no 99 year leases in Thailand. Actually 30 years is maximum although everyone always says 30+30+30 is possible.