Naam Posted May 19, 2015 Share Posted May 19, 2015 Why, in the name of the deity, would anyone buy a house that can have an all night karaoke or a rock grinding mill set up next door, and TiT so can't do anything about it. In LOS, renting is the only sane thing to do, IMO. why in the name of any deity would anyone be stupid enough to buy or build a house next to potential setups of a karaoke joint or a rock grinding mill? Link to comment Share on other sites More sharing options...
maanoi Posted May 19, 2015 Share Posted May 19, 2015 Actually foreigners CAN own house and 1 rai of land in Thailand. Just invest 40 million baht then with ministerial approval, it's yours. It's in the law. Legal foreign ownership of Thai land. So stop complaining. You'd be better off spending the time working and earning. Has anyone done this? Link to comment Share on other sites More sharing options...
Crossy Posted May 19, 2015 Share Posted May 19, 2015 Just a word of warning, the subject of this thread is NOT 'Buy vs Rent', there's a nice thread on that subject here http://www.thaivisa.com/forum/topic/819665-reasons-why-one-should-rent-and-not-buy-property-in-thailand/ Further off-topic posts discussing Buy vs Rent will be removed. Link to comment Share on other sites More sharing options...
balo Posted May 19, 2015 Share Posted May 19, 2015 You could buy a small house that can be moved, like this micro house. Then just move it when your relationship is going down the drain. Link to comment Share on other sites More sharing options...
Naam Posted May 19, 2015 Share Posted May 19, 2015 Just bought a house in Samui. No problems at all. Set up a Thai company and register it all in that name. Easy. Easy yes, and not to mention illegal. That is unless the company is actually a true business (has staff, files accounts, pays taxes etc). However, if the company has been setup for the sole purpose of you circumnavigating Thailand's laws on land ownership then the practice of setting up a Thai company in this manner is illegal - no two ways about it. And no matter what your real estate agent told you, it's illegal. It could also be a headache if you ever have to sell the house as who wants to buy something that is illegal? Do you have any idea who the Thai shareholders are of said company - probably a few of the girls in the real estate office, right? The cleaner perhaps? A few local motorbike taxi guys? The same individuals names probably appear on hundreds of company shareholder lists, which will only be a matter of time before this raises the suspicions of the authorities. I believe a similar clampdown on this kind of malpractice has been and remains on going in Phuket. gimme a break mate! you think you think the authorities are so stupid or naïve that they are not aware of the "malpractice" that is going on since decades? Link to comment Share on other sites More sharing options...
cruisemonkey Posted May 19, 2015 Share Posted May 19, 2015 People can't own houses in Thailand because the termites do... and they'll eat it before the thirty year lease on the land expires. Link to comment Share on other sites More sharing options...
Alwyn Posted May 19, 2015 Share Posted May 19, 2015 I didn't realise there was confusion over the land/house ownership issue? Link to comment Share on other sites More sharing options...
i claudius Posted May 19, 2015 Share Posted May 19, 2015 I hear a new law is coming in that any foreigner can import or own a car,but not the wheels,is this true? Link to comment Share on other sites More sharing options...
wwest5829 Posted May 19, 2015 Share Posted May 19, 2015 I agree there is a lot of confusion over foreigners being able to own houses in Thailand. As I said in the poll thread earlier, foreigners can own any property in Thailand 100% in their name. They just can't legally own the land it sits on. You can dress it up however you want, but a lease isn't ownership - it's a lease. If you're hell bent on buying a property, setting up a usufruct on the land plot is perhaps a better way to go, but this still isn't ownership. I think Thailand's existing laws on foreigners owning land were probably established to stop wealthy foreign individuals and/or corporations buying up masses of land and leaving Thais with nothing. You can't really blame them for wanting to protect their land - don't forget how nationalistic Thais are. Of course the results of this means that the country misses out on huge investment. Interestingly, did you see that Vietnam is now offering 100 year leases to foreigners - http://www.thaivisa.com/forum/topic/825366-foreigners-can-own-houses-for-100-years-in-vietnam/ sYes, the wife has pointed out that foreigners would come in, buy the land and houses and drive property prices out of the reach of many Thais. There is a bit of irony ignored, the wealthy Thais are doing it anyway. Not limited in Thailand, this process, for better or worse, can be seen worldwide. Link to comment Share on other sites More sharing options...
lostoday Posted May 19, 2015 Share Posted May 19, 2015 I agree there is a lot of confusion over foreigners being able to own houses in Thailand. As I said in the poll thread earlier, foreigners can own any property in Thailand 100% in their name. They just can't legally own the land it sits on. You can dress it up however you want, but a lease isn't ownership - it's a lease. If you're hell bent on buying a property, setting up a usufruct on the land plot is perhaps a better way to go, but this still isn't ownership. I think Thailand's existing laws on foreigners owning land were probably established to stop wealthy foreign individuals and/or corporations buying up masses of land and leaving Thais with nothing. You can't really blame them for wanting to protect their land - don't forget how nationalistic Thais are. Of course the results of this means that the country misses out on huge investment. Interestingly, did you see that Vietnam is now offering 100 year leases to foreigners - http://www.thaivisa.com/forum/topic/825366-foreigners-can-own-houses-for-100-years-in-vietnam/ Yes, the wife has pointed out that foreigners would come in, buy the land and houses and drive property prices out of the reach of many Thais. There is a bit of irony ignored, the wealthy Thais are doing it anyway. Not limited in Thailand, this process, for better or worse, can be seen worldwide. Been going on for a while. Link to comment Share on other sites More sharing options...
robertson468 Posted May 19, 2015 Share Posted May 19, 2015 Just bought a house in Samui. No problems at all. Set up a Thai company and register it all in that name. Easy. Sometimes they check on companies that don't have any turn over. Setting up a company with the sole purpose to cheat the land laws is illegal. You need to tell that to the Thai Lawyers who set up the Companies, well knowing what they are for and perhaps any legal action should be taken against them, also providing compensation to the purchaser for being complicit in the Owner breaking the law (said Mr Grumpy). However, the reality is there are thousands of Companies which have been set up to own houses built on land that has been purchased by the Company. If Thailand has a purge on this, I think all hell would break loose as it must involve hundreds of thousands of foreigners. Link to comment Share on other sites More sharing options...
DLang Posted May 19, 2015 Author Share Posted May 19, 2015 I hear a new law is coming in that any foreigner can import or own a car,but not the wheels,is this true? Went to the pub at the weekend. Apparently I owned the beer, but not the glass that it was in. I was absolutely furious. What good is beer without the glass it's served in. Link to comment Share on other sites More sharing options...
Crossy Posted May 19, 2015 Share Posted May 19, 2015 I hear a new law is coming in that any foreigner can import or own a car,but not the wheels,is this true? Went to the pub at the weekend. Apparently I owned the beer, but not the glass that it was in. I was absolutely furious. What good is beer without the glass it's served in. You rent rather than buy the glass. Argh. Now I must give myself a warning for breaking my own ruling Link to comment Share on other sites More sharing options...
wowfactor10 Posted May 19, 2015 Share Posted May 19, 2015 My wife owns all our property. Still trust her more than 51% biatch I never seen that go wrong here in Thailand..So enjoy YOUR real estate while it last ! Link to comment Share on other sites More sharing options...
impulse Posted May 19, 2015 Share Posted May 19, 2015 I hear a new law is coming in that any foreigner can import or own a car,but not the wheels,is this true? Went to the pub at the weekend. Apparently I owned the beer, but not the glass that it was in. I was absolutely furious. What good is beer without the glass it's served in. You rent rather than buy the glass. Argh. Now I must give myself a warning for breaking my own ruling As I recall, the beer is on rental, too. Link to comment Share on other sites More sharing options...
wowfactor10 Posted May 19, 2015 Share Posted May 19, 2015 Thailand should allow foreigners to buy max 1-2 rai in their own names..It will only push their economy forward without foreigners able to speculate with the land. Thais can buy land abroad also.. Link to comment Share on other sites More sharing options...
thaibeachlovers Posted May 19, 2015 Share Posted May 19, 2015 I agree there is a lot of confusion over foreigners being able to own houses in Thailand. As I said in the poll thread earlier, foreigners can own any property in Thailand 100% in their name. They just can't legally own the land it sits on. You can dress it up however you want, but a lease isn't ownership - it's a lease. If you're hell bent on buying a property, setting up a usufruct on the land plot is perhaps a better way to go, but this still isn't ownership. I think Thailand's existing laws on foreigners owning land were probably established to stop wealthy foreign individuals and/or corporations buying up masses of land and leaving Thais with nothing. You can't really blame them for wanting to protect their land - don't forget how nationalistic Thais are. Of course the results of this means that the country misses out on huge investment. Interestingly, did you see that Vietnam is now offering 100 year leases to foreigners - http://www.thaivisa.com/forum/topic/825366-foreigners-can-own-houses-for-100-years-in-vietnam/ I think Thailand's existing laws on foreigners owning land were probably established to stop wealthy foreign individuals and/or corporations buying up masses of land and leaving Thais with nothing. You can't really blame them for wanting to protect their land - don't forget how nationalistic Thais are. Love this quote. Forget about foreign individuals, large corporations coming in and buying up masses of land. 10% of the rich Thais already own about 90% of the land. The price now is to high for the average Thai to pay. The rich will continue to gobble up land here till they own it all. Thailand is not the only country where this is happening. Its all part of the new world order where the rich will own it all and we will be peasants working for them. History does repeat itself. And, if we look at history, eventually the rich that thought they had everything get very dead. The only question is how long to the next revolution? Link to comment Share on other sites More sharing options...
thaibeachlovers Posted May 19, 2015 Share Posted May 19, 2015 Thailand should allow foreigners to buy max 1-2 rai in their own names..It will only push their economy forward without foreigners able to speculate with the land. Thais can buy land abroad also.. Just because Thais can take advantage of the stupidity of western laws does not mean that they should be stupid too. Link to comment Share on other sites More sharing options...
thaibeachlovers Posted May 19, 2015 Share Posted May 19, 2015 My wife owns all our property. Still trust her more than 51% biatch I never seen that go wrong here in Thailand..So enjoy YOUR real estate while it last ! The only things I own in Thailand can all be taken to the second hand shop. Link to comment Share on other sites More sharing options...
thaibeachlovers Posted May 19, 2015 Share Posted May 19, 2015 (edited) Just bought a house in Samui. No problems at all. Set up a Thai company and register it all in that name. Easy. Sometimes they check on companies that don't have any turn over. Setting up a company with the sole purpose to cheat the land laws is illegal. You need to tell that to the Thai Lawyers who set up the Companies, well knowing what they are for and perhaps any legal action should be taken against them, also providing compensation to the purchaser for being complicit in the Owner breaking the law (said Mr Grumpy). However, the reality is there are thousands of Companies which have been set up to own houses built on land that has been purchased by the Company. If Thailand has a purge on this, I think all hell would break loose as it must involve hundreds of thousands of foreigners. Just how would "all hell break loose"? Do you think for one instant that farangs could do anything about it? Court action 55555555. If there really are hundreds of thousands of companies set up by farangs to circumvent Thai law, it only says to me that there are an awful lot of either criminal or stupid farangs here. Edited May 19, 2015 by thaibeachlovers Link to comment Share on other sites More sharing options...
ukrules Posted May 19, 2015 Share Posted May 19, 2015 Just bought a house in Samui. No problems at all. Set up a Thai company and register it all in that name. Easy. A company that you can only own 49% of..... Unless you're from the US and you set up an Amity treaty company... Link to comment Share on other sites More sharing options...
thaibeachlovers Posted May 19, 2015 Share Posted May 19, 2015 My thought is......The new gov is shafting the loop holes regarding visas, we have all read about it. Next will be the "house ownership" loop holes....Early days for the new gov to sort through the loop holes.......... They are not closing "loopholes" for visa extensions- they are inventing things that have never been part of the requirements to make things more difficult. Link to comment Share on other sites More sharing options...
Jonmarleesco Posted May 19, 2015 Share Posted May 19, 2015 I think we all know the theory, thank you.The fact remains, you can't float a house in the air; and few would fully trust the 30 year rollover lease option.Thais owning, let's say, for clarity, a property in the UK, own it without restrictions. It therefore stands to reason that the same privilege should be extended to British residents in Thailand. It isn't! Link to comment Share on other sites More sharing options...
lostoday Posted May 19, 2015 Share Posted May 19, 2015 I think we all know the theory, thank you. The fact remains, you can't float a house in the air; and few would fully trust the 30 year rollover lease option. Thais owning, let's say, for clarity, a property in the UK, own it without restrictions. It therefore stands to reason that the same privilege should be extended to British residents in Thailand. It isn't! Tell your government to negotiate a treaty of Amity. What is good for the Thai is good for the Brit. Link to comment Share on other sites More sharing options...
MAJIC Posted May 19, 2015 Share Posted May 19, 2015 None of the above address the topic. "People think that foreigners are not allowed to own houses here. Why?" A lease is not ownership! Link to comment Share on other sites More sharing options...
Jools Posted May 19, 2015 Share Posted May 19, 2015 (edited) Why would anyone buy a house here? I simply do not understand the concept of owning a house which sits on land that could be snatched out from under you on a whim. Renting is the only sane option in Thailand. Americans and Brits are obsessed with "ownership". Something which does not really exist here. Edited May 19, 2015 by Jools Link to comment Share on other sites More sharing options...
MaeJoMTB Posted May 19, 2015 Share Posted May 19, 2015 As I said in the poll thread earlier, foreigners can own any property in Thailand 100% in their name. They just can't legally own the land it sits on. No you can't, you can only own a house you built yourself and first registered as separate to the land. Once registered as a single entity, that's it forever. Link to comment Share on other sites More sharing options...
Travelman868 Posted May 19, 2015 Share Posted May 19, 2015 I agree there is a lot of confusion over foreigners being able to own houses in Thailand. As I said in the poll thread earlier, foreigners can own any property in Thailand 100% in their name. They just can't legally own the land it sits on. You can dress it up however you want, but a lease isn't ownership - it's a lease. If you're hell bent on buying a property, setting up a usufruct on the land plot is perhaps a better way to go, but this still isn't ownership. I think Thailand's existing laws on foreigners owning land were probably established to stop wealthy foreign individuals and/or corporations buying up masses of land and leaving Thais with nothing. You can't really blame them for wanting to protect their land - don't forget how nationalistic Thais are. Of course the results of this means that the country misses out on huge investment. Interestingly, did you see that Vietnam is now offering 100 year leases to foreigners - I think you only need to look at France and Spain to understand what can happen if there is no protection Link to comment Share on other sites More sharing options...
MaeJoMTB Posted May 19, 2015 Share Posted May 19, 2015 ....If stuff goes pear shaped I get half back. Dead men claim no halfs ............. Link to comment Share on other sites More sharing options...
Crossy Posted May 19, 2015 Share Posted May 19, 2015 UP ^^^? Trans. Link to comment Share on other sites More sharing options...
.png.3b3332cc2256ad0edbc2fe9404feeef0.png)
Recommended Posts