Expats angry at huge concessions in latest Thai visa announcements

[Rimmer]

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[alex8912]

On 7/23/2024 at 12:36 PM, Patong2021 said:

 

This issue has been explained multiple times ever since this forum was called Thai Visa. Yes, it is true that your rich Thai friends are allowed to buy land and houses in the USA. There are literally city blocks available in Detroit, Texas City, Cleveland, Flint,  etc. where they would be greeted with joy and delight. The locations come with their own population of "special" people who can provide hours of entertainment as they drop in unexpectedly and share their love of crack, yaba, syringes, Pabst Blue Ribbon, Ripple and guns.  However, even wealthy Thais find that quality locations in places like Palm Springs, Miami, New York City etc. can cost in excess of 50 million baht. That is quite a contrast from the sub 5 million baht affordability of Thailand. Not many Thais can afford to purchase in the USA and those who do are as you say, are wealthy.  The western foreigners who purchase in Thailand are not particularly wealthy, and most if not all have less than US $1 million in liquidity. Thailand is the last place a wealthy law abiding US citizen would choose and the reasons have been  explained multiple times over the years.

 

The Thai visa and landownership restrictions are needed to ensure that Thais are not priced out of the market and do not see their country purchased by foreigners.  Ask Canadians how a free for all on visas and foreign ownership has worked out.  3 million temporary citizens  have crowded out Canadians from affordable housing and from their medical care system. Ask the UK and the EU how they like being over run by foreigners who have transformed some communities into foreign enclaves and forced other ethnic/religious groups out.  

OTT Drama!  My Thai middle class friends can buy land and houses in USA too. Not in Detroit. 

[alex8912]

On 7/23/2024 at 1:05 PM, Neeranam said:

As a Thai, I'd have to invest 17 million Baht for a long term retiree visa. 

For a Yank retiring here they need to just show 800,000 baht. 

Its MUCH easier for Yanks to come here. 

Much easier for Thais to get 10 year multiple entry visas in USA. EASY!

[Patong2021]

On 8/1/2024 at 2:03 PM, alex8912 said:

OTT Drama!  My Thai middle class friends can buy land and houses in USA too. Not in Detroit. 

 

And how many of them have done so? Why would anyone wish to open themselves up to IRS tax filings? The trend  for the wealthy is to avoid USA tax exposures. So, answer honestly, how many  of your Thai middle class friends have purchased land and houses in the USA?

[alex8912]

On 8/3/2024 at 1:30 PM, Patong2021 said:

 

And how many of them have done so? Why would anyone wish to open themselves up to IRS tax filings? The trend  for the wealthy is to avoid USA tax exposures. So, answer honestly, how many  of your Thai middle class friends have purchased land and houses in the USA?

The entire first half of your original post is just OTT drama. Just like you. Many middle class Thais have homes in expensive California and other nice areas too. One of the largest populations of Thais outside Thailand is California. Some stay and some invest more and more and increase their middle class standing. What are you on about taxes?! Wouldn't the Chinese and Indians also be concerned about this?  They are buying way more than the Thais. Four is the answer to your question.