Selling a house back home to buy one in Thailand etc

[jeab1980]

1 hour ago, uffe123 said:

I would not buy anything in Thailand, nor invest any money. Never know when the military will seize your property or immigration will  void your visa. They don't answer to anyone for their actions, and never forget you are only a guest, and they wont let you forget this.

If  I would have known, what I know now 18 years ago, I probably would not be here. Big mistake, now have family and too much invested

Firstly im not a guest but i wont argue that point its been done to death. How can the millitary sieze something i dont own indeed cant own or are you saying there going to sieze legaly owned land from a Thai national?. Cant remember any news articles about that subject. As ive stated why if everything is in order would immigration void a visa. Why have you made such a big mistake?. 

[Apiwan2]

Have you seriously investigated selling a house in the U.K. Right now? Generally, it's not good.
I think that might clarify your way forward.
 
 
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Just sold a 1 bed in Hampton, offer accecpted within a month .

depends where the place is

[dundas]

I am thinking of doing something similar, but what would give me confidence in the strategy is knowing I have a fall-back, that I"m not (in the words of another poster) putting all my eggs in a Thai basket 

 

Putting myself in the OP's shoes .... I would be inclined to sell the house in Australia but re-invest some of that money into a bolt hole there, so that if I were forced to go back there, I could and not, as someone else said, have to live under a bridge. The real estate market in Australia might have peaked, but it's still very strong (depending on where your house is, of course). 

 

Another question relates to the Australian old age pension (and I'm assuming you're not of pension age already). If you want to apply for the OAP, you need to be resident of Australia for the two years before you apply (and according to some, for the two years after it), meaning 180 days at least for each of the two preceding years.

 

 

[OmarZaid]

22 hours ago, Daryle said:

I think you know how you would like to bring up your child. Cut the safety net as your future is here with your family.

Sent from my SM-T530 using Tapatalk
 

Agreed .... give it 100% here -- no looking back! ... sounds like you've got a winner on your real home team ... I know from personal experience ... chaps who speak otherwise ain't never been there . . .

[newnative]

I would hold on to the house and rent it out, using a good rental agency to handle it.

[bazza73]

No

[bazza73]

3 hours ago, jeab1980 said:

How so. Please explain.

It's been explained ad nauseam on TV. The message just doesn't get across to some.

 

It actually would be interesting to gather statistics on how many property "owners" here think they have done well, how many are neutral on the subject, and how many consider they have been burnt.

 

One size does not fit all, but there seems to be a rump of property mavens who apparently think it does.

 

[watcharacters]

16 hours ago, jeab1980 said:

Great example of the other side to my post its all about how individuals feel not the collective. Why would i want to retreat back to a country i no longer have any affiliation with neither do i or will I ever feel home sick for the place.

I can never see the day when either todays governing body or an ellected Goverment in Thailand would throw all Expats out thats just a non starter.

Yes im going to get older but i would regardless of where i lived. Who knows about illness yes maybe or no if i do i will go to the doctors or hospital here in my home city and get it sorted.

I respect others views and my way is not one size fits all but it fits me.

 

 

No affiliation?    "i no longer have any affiliation with"

 

I respect your post and congratulate you  on what appears to be a success story.

 

I wonder if getting a  passport renewal would be considered an affiliation?

[Foozool]

22 hours ago, Kwasaki said:

Or plan ' B 'unless you still have your 800,000 in bank and old enough to have your pension. 

He is not 50

Edited May 15, 2017 by Foozool

[Goldbear]

I don't think that you've given us enough information to help you. It's too general. What do you think are the pros and cons of keeping the house in Australia? What do you think are the pros and cons of investing in a house in Thailand? What do you want to do? Is that your only option? How did you decide to offer a 25% deposit? Why 25%? Is there any other way to come up with the money? What do you think is the best long term decision? As another poster has said, you didn't mention your age either. 

 

All the best. Hopefully some of the comments make it clearer but only you know your exact situation. 

[Kwasaki]

14 minutes ago, Foozool said:

He is not 50

Commented on a post as a general safeguard don't know how old OP is.

[jeab1980]

26 minutes ago, bazza73 said:

It's been explained ad nauseam on TV. The message just doesn't get across to some.

 

It actually would be interesting to gather statistics on how many property "owners" here think they have done well, how many are neutral on the subject, and how many consider they have been burnt.

 

One size does not fit all, but there seems to be a rump of property mavens who apparently think it does.

 

Explained?. And not getting across?. No foreigner is a property owner, companies may own but not foriegners. 

What i presume you are talking/quoting tv posts about is selling said property. The thread is about settling down here building a house for his family. A family home n9w i know its hard to belive but not everyone builds a house to sell it at a profit as soon as its capped off. It makes perfectly good sense if you are or have decided to make your home and life in Thailand to build  a house. A lot more sense in the long term. I built a house to look aftr me and my family going forward in the years to come. Having worked out the figures the property will have paid for itself in apx 9 years V renting. We have no debts no mortgage and a house to see us into a long old age. Now to address the selling price. Well in our case its not worth discussing it. If you buy/build in a city or just on outskirts then you may make a profit. In our case in a small village location. 

 I very very much doubt if any foriegners would want to live here unless of course your wife lives in tbe village. So selling it would be next to impossible to foriegners.

If a thai wanted to buy the house again it would be that he/she would have ties in the village. 

The price to build and location reflects an asking price for the house and of course how much land it has with it. That however does not mean it would be the final selling price.

So tbere are many varients to selling.

Whats my place worth ! To me there is no orice to be put on it. If i had to i would put a 1.5 million price tag on it.

In reality i would expect getting no more than 850000bht for it which would still give me a profit.

So what you are talking/quoting other TV posters about in this threads case has no bearing whatsoever.

Your first sentance by the way is a little condescending insinuating you/other points of view are correct and anybody who see diffrently is wrong

 

[DLang]

Rent out the house at home.

 

Rent a property here.

 

Make a will leaving all your property at home to your child. I presume they have a passport.

 

 

Keep the house at home. Come up with another way to raise capital to help your wife set up her house and business here. 

[jeab1980]

42 minutes ago, watcharacters said:

 

 

No affiliation?    "i no longer have any affiliation with"

 

I respect your post and congratulate you  on what appears to be a success story.

 

I wonder if getting a  passport renewal would be considered an affiliation?

Thanks i dont really need a critique but hey.

As for getting a Passport no i dont see it as that. If i could i would give up my citizenshipto the UK however thats not possible for me now. So its an evil i can put up with getting a new passport every few years. I have no contact with the passport office or conversations with them. Having a passport is indeed a necessity but means nothing.

[Mrjlh]

Just a thought.  Not sure how much you get from selling your house in Oz but would you get enough to  be able to by two properties here.  A house for you and the family and a small condo for a rental property.  Gives you an option later if any thing goes sour on the relationship. You still have a place to live. Or when your kids get older they have a place to move to..out of the house so to speak. If all was paid off then it becomes future income.

[williamgeorgeallen]

4 hours ago, jeab1980 said:

But this thread is not about moving away from Thailand its about settling here permanently.  As the OP mentioned. Just because you became bored does not mean everyone else will. 

the permanent move to thailand often ends up being non permanent. like me for example. i had no kids when i moved over but then after having kids decided thailand was not the right place to raise them. when moving to a new country part of that is also having an exit strategy. it does not mean they will want to leave, but it just a smart thing to do. if i was moving back to australia i would buy somewhere to live knowing i could always sell in a few months, even if i wasnt there. i sold my 3 apartments in australia when i had already moved to thailand. could not leave thailand then sell the properties. you are stuck there, sometimes for years. having an exit strategy will improve your quality of life as you wont feel trapped.

[fdch]

never never buy any real estate in thailand, it will never be yours

the minute a thai lady tells u about this plot of land she has where u can build a house on

it is the signal to pack your suitcase and leave

i want my wife to cry when i die , not have a party

 

but now without kidding, why should u ever sell your house in your country?

rent it out and pay the mortgage for the house in thailand, 

so u still have your backup in a solid country, and u can still claim your pension, have a adress an so on

if u are worried about spouse and child ? get a life insurance

relationships are fragile all over the world ,believe me i was married 3 times

it means nothing, and can end anytime

[snowgard]

Things can change fast sometimes. My tip is to rent out your house. Save this extra income for 1 or 2 years and open than a clinic.

The most small clinics what I visited had a equipment & furniture worth not more as 200.000 THB. Only some had X-Ray. The most not.

If the rooms are rented you not need a lot of money. Maybe your wife or family member can use this time for something additional specialising as Physiotherapeut or Accupunkture.

[Kwasaki]

5 minutes ago, fdch said:

i want my wife to cry when i die , not have a party.

believe me i was married 3 times

Not surprised. 

 

[gamini]

On 5/14/2017 at 11:54 AM, bbabythai said:

Its a fair comment. I forgot to mention above that I have absolutely no intention of ever moving to oz and living there again.

I agree with you. We were only there for three years, our house was robbed many times,  my car got broken into several times and my wife had her trolley stolen from her in Woolworths. My young teenage daughter was scared to go out after dark and we lived in an upmarket area in Perth. We just couldn't wait to get back to Thailand. We have lived here on and off for a long time  and all the properties  we have brought have been a good investment and in our old age we are living on the proceeds of the profits from these. But please don't misunderstand me  I like I like most Australians and their friendliness. .

I just don't like the country and the way It is governed and people like Pauline Hanson and her supporters.

[Apiwan2]

I am thinking of doing something similar, but what would give me confidence in the strategy is knowing I have a fall-back, that I"m not (in the words of another poster) putting all my eggs in a Thai basket 
 
Putting myself in the OP's shoes .... I would be inclined to sell the house in Australia but re-invest some of that money into a bolt hole there, so that if I were forced to go back there, I could and not, as someone else said, have to live under a bridge. The real estate market in Australia might have peaked, but it's still very strong (depending on where your house is, of course). 
 
Another question relates to the Australian old age pension (and I'm assuming you're not of pension age already). If you want to apply for the OAP, you need to be resident of Australia for the two years before you apply (and according to some, for the two years after it), meaning 180 days at least for each of the two preceding years.
 
 

probably the best decision .

don't know about austral property
bit if it was UK, sell the house and buy say a 2 bed property for less money, rent that out with managed letting.

if all fails still on the ladder

ling term property rises

[jeab1980]

23 minutes ago, fdch said:

never never buy any real estate in thailand, it will never be yours

the minute a thai lady tells u about this plot of land she has where u can build a house on

it is the signal to pack your suitcase and leave

i want my wife to cry when i die , not have a party

 

but now without kidding, why should u ever sell your house in your country?

rent it out and pay the mortgage for the house in thailand, 

so u still have your backup in a solid country, and u can still claim your pension, have a adress an so on

if u are worried about spouse and child ? get a life insurance

relationships are fragile all over the world ,believe me i was married 3 times

it means nothing, and can end anytime

Married twice first lady wife passed away. Second still happily married. I dont need to have a back up property in the UK (or any other country). Thailand is my home now and has been for a number of years.when you are living or was living in your home country did you have a second house or flat or a property in another country as a back up plan just in case.? Think its time to stop beliving every hard luck story or never do this or that in Thailand posts. The real world us very very diffrent.

[Farang hunter]

On 5/14/2017 at 0:23 PM, CharlieH said:

This might sound cold, but never invest or part with any more than you are prepared to walk away from in this country. 

This might sound even colder, why would someone leave living in heaven with angels and go back to live with people in hell.

[11223344]

Is the house a dump and in the middle of nowhere? Otherwise I can't imagine you would get less than 400 AUD per week = 40,000thb a month

 

Considering your wife contributes half (if not more) of everything that's 80,000+ thb a month purchase power. How is that not enough for a house here?

[DLang]

1 hour ago, Mrjlh said:

Just a thought.  Not sure how much you get from selling your house in Oz but would you get enough to  be able to by two properties here.  A house for you and the family and a small condo for a rental property.  Gives you an option later if any thing goes sour on the relationship. You still have a place to live. Or when your kids get older they have a place to move to..out of the house so to speak. If all was paid off then it becomes future income.

 

In case of a divorce that condo becomes half hers.

[jeab1980]

6 minutes ago, DLang said:

 

In case of a divorce that condo becomes half hers.

Or it becomes there's  its called being married.

[DLang]

2 minutes ago, jeab1980 said:

Or it becomes there's  its called being married.

Yes, if married the condo you own in your own name is half hers in the law and courts. 

[jeab1980]

So please tell me. If you get married say in uk and you buy a Flat in your name is that not classed as joint assets? 

So the diffrence in Thailand is?

[watcharacters]

2 hours ago, jeab1980 said:

Thanks i dont really need a critique but hey.

As for getting a Passport no i dont see it as that. If i could i would give up my citizenshipto the UK however thats not possible for me now. So its an evil i can put up with getting a new passport every few years. I have no contact with the passport office or conversations with them. Having a passport is indeed a necessity but means nothing.

 

 

So sorry.

 

Did you take my post as a critique?

 

I thought it was a question...

 

No offense intended and  if you took it  as a critique  I'm sorry for that..

 

Second edit;

 

Doesn't the UK allow unhappy citizens to renounce citizenship?

 

I know the USA does.

 

I wish you well.

 

Edit:

 

If you don't qualify for a Thailand passport with citizenship or one from another country,  then without your home country passport you would be a prisoner in this country.

 

 

Just saying...

 

No criticism and please don't take it that way.   Just thinking out loud.

Edited May 15, 2017 by watcharacters

[Apiwan2]

So please tell me. If you get married say in uk and you buy a Flat in your name is that not classed as joint assets? 
So the diffrence in Thailand is?

If married for a short while and no kids then no it's not divided