why can't foreigners own land? if Indonesia can change, cant Thailand ?

[Naam]

Quite simple. foreigners will just buy up cheap land and properties and just make a living out of trading on them, buy sell. Then the price goes up and the Thai people will not be able to afford to buy like most of the western countries. The government are keeping Thailand from their own people, good thing.

if it was so easy to make profit trading real estate why don't well-off Thais do it?

[hawker9000]

Quite simple. foreigners will just buy up cheap land and properties and just make a living out of trading on them, buy sell. Then the price goes up and the Thai people will not be able to afford to buy like most of the western countries. The government are keeping Thailand from their own people, good thing.

Quite silly, and a rank, inaccurate, and over repeated overgeneralization. The idea that foreign ownership can't be allowed for this reason is simpleminded and straight out of the last century. Some foreigners might seek to speculate surely, as many Thais do already I'm equally sure. But the issue is really about foreigners who really just want to buy land to live on. 'Many ways to disincentivize land speculation which can even be targeted at foreigners without a blanket prohibition on ownership.

The more rational argument is that even legitimate (i.e., non-speculative) foreign ownership will drive up prices. This might be true to some extent in some areas where expats tend to "colonize". But if foreign ownership were strictly limited to personal residential use only, I really don't think the effect on land prices generally would be that significant. And there's the positive economic effect of immigrants and the money they bring with them and spend on a continuing basis to be considered as well.

I really don't think there's a flood of foreigners waiting in the wings to inundate Thailand, held back now only by the inability to own land. That's just wishful thinking on the part of current expats who wish their investments in Thailand were worth more and in serious denial about Thailand's many other disincentivizing factors.

Thailand has to decide whether it wants the rising tide of growth, and all that comes with it, the good and the bad, or not. But it can't have both the growth and these xenophobic, "so-proud-we-were-never-colonized", public policies and practices.

[fang37]

If we exclude multi-nationals, the above hypothesis is total BS. The power players in LOS are the Chinese-Thai.

Amend the legislation? But, special requirements for multi-natioanals.

(I am yet to see an expat make a squillion out of dealing in land in LOS.)

[fang37]

If we exclude multi-nationals, the above hypothesis is total BS. The power players in LOS are the Chinese-Thai.

Amend the legislation? But, special requirements for multi-natioanals.

(I am yet to see an expat make a squillion out of dealing in land in LOS.)

[anotheruser]

Of course they could change it , but they don't want to. Their country they get to create the rules

As to reason's, to many to count really, but few of top one's, keeps land prices down for thai's, they avoid foreigners owning huge percentage of the country (be major risk with Chinese), they would have to fix mess land title system is in first, the hiso's like it is at the moment.

Because all things being equal foreigners would completely out compete the locals.

[puukao]

Why still use the word Farang?

Why not let everyone work anywhere?

Why even have a visa?

Why not solve pollution problem?

Why not treat me like King when I buy 30 baht noodle soup?

sweet, let me go create 5 new threads!!!!!!

[Walter Travolta]

its a matter of face, they don't want non-thais to be more successful than thais

Not true.

I can remember years ago when the Japanese economy was booming and Japanese were trying hard to buy up Thai land.

Many Thai landowners were losing their land ..... legally or otherwise to Japanese who had money then.

Now it is no longer the Japanese but the Chinese who are after Thai landowners.

Owning your own house is NOT a sign of success.... in fact it is (in my humble opinion) a sign that you are a dupe of the Capitalist propaganda.

I regard owning a house and land as evidence that you have been duped into buying a liability that will cost you dearly in the long run.

I agree that owning your own house is not a sign of success, but I think you are incorrect regarding the capitalist propaganda remark unless you actually do think owning your house is a sign of success. Many people want to own their own house to use in later life as maybe a pension or for their family to inherit. I would rather rent a car or lease than buy one on the chucky egg because once you have taken 5 years to pay for it, you have a 5 year old car. Lease one and you send it back and start a new lease on a NEW car. With a house, the usually increase in value so maybe people like to own their own house for that reason rather than showing off

[Anthony5]

its a matter of face, they don't want non-thais to be more successful than thais

Not true.

I can remember years ago when the Japanese economy was booming and Japanese were trying hard to buy up Thai land.

Many Thai landowners were losing their land ..... legally or otherwise to Japanese who had money then.

Now it is no longer the Japanese but the Chinese who are after Thai landowners.

Owning your own house is NOT a sign of success.... in fact it is (in my humble opinion) a sign that you are a dupe of the Capitalist propaganda.

I regard owning a house and land as evidence that you have been duped into buying a liability that will cost you dearly in the long run.

Oh what a shame that those Thai people LOST their land to the Japanese.

What happened? Did the Japanese ran off with the plot of land while they turned their back for a minute? Did they occupy it without paying for it?

Were they be forced with the knife on the throat to sell it?

Naah, I think they got good money for it, so they didn't lose anything, instead they made a decent profit from a plot of land that had cost them NOTHING.

Now for your claim that somone who owns a house is losing everyday.

I own a nice comfortable house on a nice plot of land, with pool and all amenities, and I love it. I've been offered 80.000 Bht/month on a 3 year contract by a professional company, 1 year rent paid upfront. I didn't let it go though.

So I think I can assume that if I wanted to rent a similar property I would have to pay at least 80K a month.

Do you think that if I put the money I spent on it in the bank that I would get anywhere near 80K a month interest?

So who is the loser?

Do

[Arkady]

Some countries have made land ownership for foreigners a reciprocal right. That's why Thais, Chinese & etc can't buy land in Turkey and Korea but people from most farang countries can. But there is no chance that countries like the US, UK and Australia would go this route, as they are happy for the investment from anyone.