4 hours ago, KhunLA said:

Others talk about, oh I have this, I have that, in home country, but live meager life over here and it's a bit suspect.

If by the term "meager life" you mean they didn't buy a property and a new car, then I call that smart.

As I said, the best investment in Thailand is no investment in Thailand.

I can head straight to the airport and and be gone in a matter of hours, incurring only a small financial loss. This is by design, and not because I don't 800k.

1 minute ago, KhunHeineken said:

If by the term "meager life" you mean they didn't buy a property and a new car, then I call that smart.

As I said, the best investment in Thailand is no investment in Thailand.

I can head straight to the airport and and be gone in a matter of hours, incurring only a small financial loss. This is by design, and not because I don't 800k.

You don't like cars?

I could stop at the bank on the way to the airport and transfer the B800K to my US bank on the way to the airport if I wanted to.

But, yeah, if the cops were chasing me, it might be an issue.

41 minutes ago, Yellowtail said:

You don't like cars?

I like cars, and car racing.

As members discussed on another thread, Thailand does not have a reasonable pathway to PR or citizenship.

I am not singling out Thailand. Vietnam is the same. I would also not buy a property in Vietnam. Neither country gives you the right to reside there, only a privilege to do so, which can be revoked at anytime.

44 minutes ago, Yellowtail said:

I could stop at the bank on the way to the airport and transfer the B800K to my US bank on the way to the airport if I wanted to.

But, yeah, if the cops were chasing me, it might be an issue.

Can you stop on the way to the airport and transfer a house / condo and a car as well? 🙂

25 minutes ago, KhunHeineken said:

I like cars, and car racing.

As members discussed on another thread, Thailand does not have a reasonable pathway to PR or citizenship.

I am not singling out Thailand. Vietnam is the same. I would also not buy a property in Vietnam. Neither country gives you the right to reside there, only a privilege to do so, which can be revoked at anytime.

You can't afford to buy a car?

24 minutes ago, KhunHeineken said:

Can you stop on the way to the airport and transfer a house / condo and a car as well? 🙂

I could sell the car in a couple hours, and if I had a condo I could sell it in a few days.

Is everyone you know broke?

5 minutes ago, Yellowtail said:

You can't afford to buy a car?

Of course I can afford to buy a car. I've even kept my car back in Australia.

What's so difficult to understand about not buying assets in a country that you have no right to reside in?

5 minutes ago, Yellowtail said:

I could sell the car in a couple hours, and if I had a condo I could sell it in a few days.

We both know that's rubbish.

6 minutes ago, Yellowtail said:

Is everyone you know broke?

You are trolling.

1 hour ago, KhunHeineken said:

I use an agent for a few reasons. One, I don't trust the Thai government, and I don't trust the Thai banks. Two, it's financially beneficial to use an agent. Three, I don't have to go to immigration. Four, should I pass, I don't leave a mess behind in Thailand that my kids have to chase up.

Sure, some guys who use an agent don't have 800k, but it's a myth that everyone who uses an agent doesn't have 800k.

It's possible the next crackdown after the thai nominee companies is the agent in/out financials scenario, also increase the limits from 800k etc, those currently doing it likely to be grandfathered, others will need to pay increased amounts or agent fees

29 minutes ago, KhunHeineken said:

Of course I can afford to buy a car. I've even kept my car back in Australia.

What's so difficult to understand about not buying assets in a country that you have no right to reside in?

You have a scooter, yes?

Just now, scubascuba3 said:

It's possible the next crackdown after the thai nominee companies is the agent in/out financials scenario, also increase the limits from 800k etc, those currently doing it likely to be grandfathered, others will need to pay increased amounts or agent fees

Yes, I agree. I have said the 800k / 65k can't remain at those amounts forever. However, I disagree it will be grandfathered. I think current holders will be given a clear 12 months to comply. Example, say you are due in September 26, you will be given until September 27 to comply. All new applicants will need to comply immediately.

It will be interesting to see if it is a small increase, to keep up with the higher coss of living, or if it will be a significant increase, as part of a broader policy.

If it's a significant increase, it may force some to head off to Vietnam.

The clock is ticking on agents. I know that. When they do ban the agents, that too may force some to head off to Vietnam. I bring in way over the 65k each month to cover myself.

As a member said in another thread, they will eventually get around to being serious with taxing foreigners.

Back to the OP, and putting all the above together, many may end up moving to Vietnam because they are either unable, or unwilling, to comply with Thailand's laws / rules regarding visas, if / when Thailand gets serious about enforcement.

28 minutes ago, KhunHeineken said:

We both know that's rubbish.

It's not. I could not sell for top dollar, but it's easy to sell stuff that is discounted.

On your way to the bar, stop at a place that sells used scooters and asl them what they'll give you for it.

Same with selling a condo.

28 minutes ago, KhunHeineken said:

You are trolling.

You are lying.

It is hard to sell a car you paid two million for a couple years ago for 1.95 million, but it's easy to sell it for one million.

5 minutes ago, KhunHeineken said:

Yes, I agree. I have said the 800k / 65k can't remain at those amounts forever. However, I disagree it will be grandfathered. I think current holders will be given a clear 12 months to comply. Example, say you are due in September 26, you will be given until September 27 to comply. All new applicants will need to comply immediately.

It will be interesting to see if it is a small increase, to keep up with the higher coss of living, or if it will be a significant increase, as part of a broader policy.

If it's a significant increase, it may force some to head off to Vietnam.

The clock is ticking on agents. I know that. When they do ban the agents, that too may force some to head off to Vietnam. I bring in way over the 65k each month to cover myself.

As a member said in another thread, they will eventually get around to being serious with taxing foreigners.

Back to the OP, and putting all the above together, many may end up moving to Vietnam because they are either unable, or unwilling, to comply with Thailand's laws / rules regarding visas, if / when Thailand gets serious about enforcement.

What is the big deal if they increase the monetary requirement?

Why do you assume that the people using the B800K in the bank method have no more money?

I would guess a crack-down on agents will come before a significant increase, but I don't care much either way.

If you "bring in way over the 65k each month" you're losing a bit to transfer fees.

Interesting article on the topic. Coincidentally, published just yesterday.

In my opinion, it's only a matter of time before Vietnam announces a retirement visa.

https://news.tuoitre.vn/special-report-why-vietnam-is-winning-over-foreign-retirees-103260821103535822.htm

55 minutes ago, KhunHeineken said:

I have said the 800k / 65k can't remain at those amounts forever. However, I disagree it will be grandfathered.

They grandfathered it last time so likely to do it again, but no guarantee

56 minutes ago, KhunHeineken said:

As a member said in another thread, they will eventually get around to being serious with taxing foreigners.

Yes but first they need to get serious about taxing Thais

3 minutes ago, scubascuba3 said:

They grandfathered it last time so likely to do it again, but no guarantee

Yes but first they need to get serious about taxing Thais

And a lot of countries have tax treaties that don't allow double taxation.

9 hours ago, KhunHeineken said:

Neither country gives you the right to reside there, only a privilege to do so, which can be revoked at anytime.

This should be plaster on a sign and hung in every foreigner's home as a constant reminder.

Edited August 22Aug 22 by BayArea

7 hours ago, BayArea said:

This should be plaster on a sign and hung in every foreigner's home as a constant reminder.

Or with apologies to the musical Annie:

Will the sun come out ... tomorrow?

NO!

Edited August 23Aug 23 by JerryM

8 hours ago, BayArea said:

This should be plaster on a sign and hung in every foreigner's home as a constant reminder.

But, but but, it's still fine to invest in Thailand? Everyone else is doing it, so it must be fine, right? 😂 😂

16 hours ago, KhunHeineken said:

In my opinion, it's only a matter of time before Vietnam announces a retirement visa.

Yes -- in the linked article:

(A.G.) suggested that introducing a retirement visa would be a positive change for Vietnam.

Just now, JerryM said:

Yes -- in the linked article:

(A.G.) suggested that introducing a retirement visa would be a positive change for Vietnam.

I've asked a few members what impact, if any, would Vietnam creating a retirement visa have on Thailand.

I would suggest Vietnam is already poaching some of Thailand's tourism. I have no doubt Vietnam would take many new retirees off Thailand, and possibly many existing retirees also.

1 minute ago, KhunHeineken said:

I have no doubt

It's nice to know you have no doubt. Ms. A.G. certainly gave it a ringing endorsement

16 hours ago, KhunHeineken said:

In my opinion, it's only a matter of time before Vietnam announces a retirement visa.

Will they be winning the mostly German retirees in Hua Hin?

That would be great.

Now I can rent a condo there for 4000/m instead of the inflated high price of 8000/m. Sweet! 😄

1 minute ago, SiSePuede419 said:

Will they be winning the mostly German retirees in Hua Hin?

That would be great.

Now I can rent a condo there for 4000/m instead of the inflated high price of 8000/m. Sweet! 😄

It would certainly have an impact on the property market, particularly rents, but it would also have an impact on the hospitality industry, particularly food and beverage.

Money go down, put price up.

For those in business, good luck explaining to a Thai landlord that a lot people are now going to Vietnam, or moved to Vietnam, so revenue is down.

4 minutes ago, KhunHeineken said:

It would certainly have an impact

Wow! Certainly -- sure -- no doubt all in one day

18 minutes ago, JerryM said:

It's nice to know you have no doubt. Ms. A.G. certainly gave it a ringing endorsement

It's nice to know that you think it's nice to know I have no doubt.

2 minutes ago, KhunHeineken said:

It's nice to know that you think it's nice to know I have no doubt.

Prognostication has it's good points. Sometimes.

2 minutes ago, JerryM said:

Prognostication has it's good points. Sometimes.

It's easy when you look at the data.

One example, tourism in Thailand down 7%, tourism in Vietnam up 15%.

5 minutes ago, KhunHeineken said:

It's easy when you look at the data.

One example, tourism in Thailand down 7%, tourism in Vietnam up 15%.

But other examples is Thailand cannot keep the 800/65 forever.

Why not? It's been 20 years so far and their last overhaul to the retirement extension they didn't do it.