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54
Broke Up With The Bubble Tea Girl… But How Bad Is This Move?
The Eagles song is a killer.... "You're not quite lovers and not quite friends after the thrill has gone" -
15
In Thailand: Is the loss of one's intellectual peer group a unique form of silence?
Never been in any company where GAA has been mentioned. -
511
The alarming mental decline of Donald J. Trump -- watch this space
Wouldn't that have happened whom ever was in the big chair..? 🤔 -
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Tax Regulations On Transfer Of Foreign Assets?
Thank you for your reply. Red Ant! -
104
Pattaya Condos: History and Future
So, can deceased estate sales be "out of line sales?" Keep in mind, the Thai missus will most likely returns to Issan, ASAP, and / or the kids back in farangland couldn't care less about Dad's condo in Pattaya? Now, what about a catastrophic injury / illness. Think motorbike accident or stroke. Most would have to return home for free long ongoing medical treatment and / or care. That money is tied up in a Thai property when they may need it for a care home in their home country. Just one more thing to consider before buying here. As soon as I moved in to my rental the existing TV got moved to the bedroom and a bought a great entertainment unit. Huge screen, great soundbar. Android box and Windows PC attached. All on a UPS to smooth out electricity supply. The mattress got donated and I bought my own. I bought a few sets of new sheets and pillows. The lounge was near new, but I bought a cover for it The dining table fine. All white goods reasonably new and clean. I use my own internet router to ensure some privacy and security. I have some family photos scattered around. I could tell the place had been professionally cleaned. Everything can go on a ute to the next rental, should the landlord want the property back. You don't need to purchase a property to make it a home. I have a managed fund, cash at bank, and investment properties, all in Australia, all in my name. The managed fund is well diversified. The cash at bank government guaranteed. The properties insured, and covered by local government town planning laws which ensure a pig farm isn't built next door. As I have said, I have worked the math for a comparable sale of a condo in my block, and the purchase money, earning interest in my home country, the interest covers the rent and then some, and I have no property costs in Thailand, like fees, taxes, maintenance cost etc, and freedom of movement. I have posted a link from The Bank of Thailand showing only a small increase in the purchase price of condo's in Thailand in recent time. It was well under the 5% I get in bank interest. So, take into account turning the purchase money into bricks and mortar, thus non liquid, thus, losing that money's potential to make more money, then fees, taxes and maintenance costs on the property, then possible property ownership / visa law changes here (risk) then the oversupply of condo's on the market as they keep building more and more, then, the loss of freedom of movement as you are tied to that condo / block and anything can happen within the block, or next door, and not only is it financially beneficial to rent here, but it actually makes no sense to buy here.
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