I completely agree. Allowing foreigners and foreign companies to own land in Thailand is a recipe for disaster for Thais and by extention those who love Thailand. I understand where most of the posters are coming from, I too would love to own 5 rai upcountry to do with as I please. And yes, a few thousand or even 100 thousand retirees and small businesses owning a bit of land would not have that much effect, but imagine large Chinese corporations and billionaires buying up large areas of the south and pushing out Thai businesses and people. Imagine Russian oligarchs buying up large swaths of Bangkok. Imagine Chinese government entities mining the land for rare metals. Thailand is a small country and it wouldn't take long before what we love about Thailand would change. I spent some time traveling through Lao and already it is easy to see how much of the land is being depleted of resources by large Chinese corporations and government entities. Large Chinese corporations run huge semis tearing up the roads hauling gold, ore, lumber and other resources straight back to China leaving nothing for the Lao people. Even in the US, a large country, there are problems with Middle Eastern countries and corporations owning large areas of the desert in Arizona and draining the water aquifers to grow alphalpha that is shipped back to the middle east. Local people there are having to drill deeper and deeper wells just to keep their households. I am sure some rich, well connected Thai's would love this change in the law. They would sell out Thailand and make a fortune leaving the average Thai citizen with nothing.