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Retirement dreams on Chiang Mai "Hi-So Hill" shattered as foreigner pensioners conned into buying forestry land

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2 hours ago, Destiny1990 said:

Is it saltwater pool or what system did u select?

for the record: saltwater pools are very rare. what is called "saltwater pool" in Thailand is a pool that is chlorinated by deriving chlorine from salt using electrolysis.

 

my pool runs using an automatic dosage system which can use a variety of sanitizers. presently i use H²O² (hydrogen peroxide) intermittently shocked with Cl (chlorine) three times a year.

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10 hours ago, marqus12 said:

Earlier I rented a house from a Thai, he has several houses on his land. Farang has leased a piece of land from him and built a house.


I remember that several times the Thai told me that all these houses are his.

 

i was told by Thais that a month has 4 weeks, that rain can make you sick, that evil ghosts exist, you can't properly clean your body with warm water and that the moon causes tides are ridiculous Farang perceptions. :coffee1:

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10 minutes ago, Naam said:

for the record: saltwater pools are very rare. what is called "saltwater pool" in Thailand is a pool that is chlorinated by deriving chlorine from salt using electrolysis.

 

my pool runs using an automatic dosage system which can use a variety of sanitizers. presently i use H²O² (hydrogen peroxide) intermittently shocked with Cl (chlorine) three times a year.

I shocked to hear that ur pool is not filled up with Moet Chandon.?

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7 hours ago, impulse said:

 

Rent, own, lease, I don't care.  To each, his own.  But I wouldn't claim that it's "secure" when even someone at the land office can issue false documents that fall apart when the next guy comes in.  In cahoots with a lawyer and a developer and any number of officials who all take their cut then wash their hands of the scheme- knowing that it will never splash back on them.. 

 

If you don't trust the local land office title deed and their master plan check map you can get it checked by head office in Bangkok, I believe. Your lease agreement can have a certified translation which you can read and check, and if you're really concerned get a second lawyers opinion. After which the lease agreement will / should be registered on the back of the title document, which again can be translated then checked by a lawyer if you wish.

 

If we let the corrupt system dictate our lives in Thailand we'd never get out of bed on a morning.

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On 9/27/2017 at 5:53 AM, bazza73 said:

Living in a box? Allow me to educate you on the benefits:

1/ I have a much larger swimming pool than any private house could afford. Maintenance is not my problem.

2/ I don't have to worry about being burgled. Nothing more anonymous than a condo apartment.

3/ Landlord has supplied all the decorations. He's changed the furnishings a couple of times to suit my requirements.

4/ Views over the Ping River, close to hospital, shops, markets.

5/ Yes, I rent. The capital I saved not buying a house here covers that with a couple of share dividends.

6/ Something breaks down, the landlord's agent fixes it. Rates, property insurance - not my problem.

7/ Gardens around the condo - not my problem.

 

Personally, I regard gardening as a pain in the bum. If gardening is your thing, however, try this link:

http://www.chiangmaieroticgarden.com/

 

Have a nice day.

 

Been here 10 years, don't know anyone who has been burgled (Thai or foreigner). A lot of fear, but it doesn't appear to happen much.

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7 minutes ago, MaeJoMTB said:

 

Been here 10 years, don't know anyone who has been burgled (Thai or foreigner). A lot of fear, but it doesn't appear to happen much.

You may be right. However, in the villages the wealthier Thais have bars screwed onto all their windows, and doors are set up like Fort Knox - multiple locks. As I understand it, the lowlifes on yaa baa are the principal concern.

As far as policing goes, I have never seen police in my GF's village. Any justice is apparently decided by the local Phoo Yai.

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On 9/27/2017 at 6:38 AM, giddyup said:

Still living in a box however you cut it, so you can put your "benefits" where the sun don't shine.. In 8 years I have saved myself 2.4 million baht in rent by buying, another 4 and the house will have cost me nothing.  Never had a burglary in 8 years either.

So you recon a 3M bht home will rent for 25Kbht a month?

Where I think the best you could get/rent would be 12K5 .......... which would give a more realistic 20 year break even point.

 

From, personal experience of  

rented a 2M5 house in Doi Saket for 7k/month.

rented a 1M6 house in Mae Rim for 6k/month.

paying a 90% home loan on a 2M house in MaeJo 11k/month (and that includes the capital repayments)

 

People have many reasons for buying a house, but I really can't see 'saving money' as being a realistic reason in Thailand.

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14 minutes ago, bazza73 said:

You may be right. However, in the villages the wealthier Thais have bars screwed onto all their windows, and doors are set up like Fort Knox - multiple locks. As I understand it, the lowlifes on yaa baa are the principal concern.

As far as policing goes, I have never seen police in my GF's village. Any justice is apparently decided by the local Phoo Yai.

Yep, the houses all around me are the same ..... I don't even have screens on the windows, don't lock the doors when I go out.

But when they forget their keys, usually only takes me 5 minutes to lever something open for them.

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what i have found here in cm after 14yrs was a falang behind them

i don't know now as i live out of town 

but before the incubation seemed to start at ex pat groups 

to hit the green new comer 

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7 hours ago, Tofer said:

If we let the corrupt system dictate our lives in Thailand we'd never get out of bed on a morning.

 

Corrupt as it is, I have thoroughly enjoyed living in BKK these past 6 years.  Just like driving down a road with potholes, it's a minor adjustment to acknowledge the corruption and take steps to dodge those potholes.  But a lot of damage can be done if I don't adjust for the potholes.

 

2 hours ago, MaeJoMTB said:

People have many reasons for buying a house, but I really can't see 'saving money' as being a realistic reason in Thailand.

 

And what a lot of the folks that have made money on their homes forget is that they are the ones that didn't get hosed.  So they don't factor the odds of getting hosed into their ROI claims.  Which is reasonable when you're looking back, but pretty risky to neglect if you're doing a look forward at a big investment decision. 

 

How risky?  I don't claim to know, and I definitely don't claim to know how thoroughly those risks can be mitigated with diligence.  But my gut tells me that the mitigation can't be 100% (or even close) in a system that's corrupt to the core.  Which is not to say that buying is a bad investment, or that diligence is a waste of time.  That's for each of us to decide for our own situation.

 

Which brings us back to the article in the OP...  They won't be among those claiming they made a good ROI, even if their next 5 home purchases go swimmingly.

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Surely they didn't pay the full amount, without meeting the 'agent', and confirming the land title at the Land Office..? No doubt any investigation will come up with no evidence..

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On 9/25/2017 at 11:57 AM, NCC1701A said:

I rent everything in the Land O' Scams.

 

Everything.

 

This sounds like the Phuket scam where the land office, attorneys and real estate agents were all working together to skin the old Farangs alive.

 

 

 all working together to skin the old Farangs alive? No it's not right, it's the Farang who asked to be skin alive. 

What's wrong with renting? Paying huge sum of money for property which you are not the legal owner just don't make sense, any right thinking person will tell you.

Buying in wife's name? Sound stupid to me. Simple if that piece of paper has not got your name on it then it's not yours.

Your wife will love you more if you buy in her name? I am not sure about that. I am doing it for my wife and children, many regret it later but dare not say it because of shame.

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13 hours ago, Naam said:

i was told by Thais that a month has 4 weeks, that rain can make you sick, that evil ghosts exist, you can't properly clean your body with warm water and that the moon causes tides are ridiculous Farang perceptions. :coffee1:

Mr Naam, there is a possiblity that rain can make you sick because of sudden change in body temperature especially if you are not someone with good health or rather a physically weak person.

I personally experienced strange phenomenon on my body a few times until I became worried that I moved from that house so I won't say evil ghost doesn't exist. I use to laugh at that but no longer do so.

The last two are wrong perceptions by Thais.

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Looking at the photo,if i lived there i would be worried that the

houses would be taken out by a landslide,during heavy rains,

not the best place to build  ,

regards worgeordie

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