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BANGKOK 17 July 2019 18:24

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On 2/19/2019 at 6:17 PM, Leaver said:

Not really.  There are already cases being reported on TV of the 65k monthly bank deposits not being accepted.  Probably because they think a lot of the 65k is recycled money, and they are probably right.  It was to be expect this would happen. 

 

A lot of Embassies not issuing the letters now.

 

There is the O visa which requires insurance.  I can imagine the price for an older person with pre-existing conditions.  Probably can't even qualify for insurance, so that visa is out for them.

 

That leaves tourist visas.  So the whole thing goes full circle with many back to living on tourist visas here and doing visa runs.  

 

Or, people just overstay.   

The reason the 65K monthly deposit isn't being accepted is because you can still use the last letters of income from your Embassy or Consulate until June

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17 minutes ago, roger101 said:

It might only be 4 Embassies but if you look at the numbers that's a large majority of expats.

Large majority? I really doubt about that.

Main stats we have are from this list from WikiPedia.

=> UK+USA may make 1/4 of expats

(excluding China and neighbour countries)

What proportion of those using Embassy Letter? No idea.

 

 

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7 minutes ago, moe666 said:

The reason the 65K monthly deposit isn't being accepted is because you can still use the last letters of income from your Embassy or Consulate until June

It's more about TI demanding letters from nationals of embassies that do still issue the letters.

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5 minutes ago, Pattaya46 said:

Large majority? I really doubt about that.

Main stats we have are from this list from WikiPedia.

=> UK+USA may make 1/4 of expats

(excluding China and neighbour countries)

What proportion of those using Embassy Letter? No idea.

 

 

Meaningless chart.

We're talking specifically here about people on retirement (and marriage) extensions.

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On 2/18/2019 at 1:15 PM, RichardColeman said:

Personally - and after living in Thailand with the wife and kiddie for the last 3 years - I am looking now at bringing my Thai family back to the UK. I have left already.

 

My worry for people retiring in Thailand now will be, how long after they see people happy about showing 800k for 6 months or whatever, will it be changed to showing it ALL year, and then raising it again and again - what is your own personal safety threshold ? How long before they change 65k income method to 80k, or beyond. 

 

Life in Thailand appears now only to be plannable for a year at a time, waiting on edge and with bated breath after your visa stamp for the next change of rules.

 

If you are lucky enough currently to be able to afford everything without an agent - good luck to you.  I'd say atleast 95% of all those I know used an agent and are stuffed under these new regulations if cannot get a new agent source. They will all have to leave or overstay - and considering nearly 50% of them have no homes in their home countries, I guess they may choose to overstay.

 

Would I come back to Thailand ? Maybe, but not currently more than just a holiday to visit wife's family.

Anywhere but the UK

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2 hours ago, nickmondo said:

im not sure what luck has to do with having 800k that can be left in the bank here.

Frankly, if a person cannot find that sort of money to invest, then I have to ask what they are doing living in a foreign country anyway.

From an Englishmans point of view, having the 800k here, gives me more interest than back in the UK anyhow.

None of the changes are major in my opinion.

If you cant afford the required levels of funding, frankly, what are you doing here?

What you should be doing.....minding my own business. 

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38 minutes ago, Jingthing said:

Meaningless chart.

We're talking specifically here about people on retirement (and marriage) extensions.

Meaningless? Maybe yes, maybe bot, but what other statistics can you show us

that would confirm that "a large majority of expats" can't have an embassy letter any more ?

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2 hours ago, soalbundy said:

Anywhere but the UK

Well that depends which UK dreadfulness you are referring to. Not all of us have places in some awful sinkhole.

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On ‎2‎/‎19‎/‎2019 at 6:17 PM, Leaver said:

Not really.  There are already cases being reported on TV of the 65k monthly bank deposits not being accepted.  Probably because they think a lot of the 65k is recycled money, and they are probably right.  It was to be expect this would happen. 

 

A lot of Embassies not issuing the letters now.

 

There is the O visa which requires insurance.  I can imagine the price for an older person with pre-existing conditions.  Probably can't even qualify for insurance, so that visa is out for them.

 

That leaves tourist visas.  So the whole thing goes full circle with many back to living on tourist visas here and doing visa runs.  

 

Or, people just overstay.   

There about 78 embassies in Thailand. Four or five stopped the letter? Not a lot. Unless a lot more joined in recently.

 

For those of you that use Sirintorn, I talked to them today about the 65,000 baht and they said as long as you show the deposits and a letter from the bank verifying the account, you are good to go.

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3 hours ago, arithai12 said:

What you have specified in your Thai will. If you haven't written a will recognized in Thailand or don't have heirs legally recognized in Thailand who know about your 800k egg nest in case you die intestate, then it means you don't care about the answer does it?

I happen to care about what happens to my wife and two boys after 15 years here, should I die. Intestate is not an option and the Thai will is in place. However we are talking about my hard earned savings and I am not a charity to the local government and never have been. I will ask the principle question AGAIN - where does it state in the Thai Immigration T&Cs of Extension of Stay, in the English language, that the total 800K deposit will be unfrozen and returned to the beneficiaries of my will automatically, without penalty, without any delay and without question? If this understanding is not in place, then all you 'holier than thou' goody two shoes are leaving yourselves wide open to abuse of your deposited funds.

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On 2/19/2019 at 6:17 PM, Leaver said:

Not really.  There are already cases being reported on TV of the 65k monthly bank deposits not being accepted.  Probably because they think a lot of the 65k is recycled money, and they are probably right.  It was to be expect this would happen. 

 

A lot of Embassies not issuing the letters now.

 

There is the O visa which requires insurance.  I can imagine the price for an older person with pre-existing conditions.  Probably can't even qualify for insurance, so that visa is out for them.

 

That leaves tourist visas.  So the whole thing goes full circle with many back to living on tourist visas here and doing visa runs.  

 

Or, people just overstay.   

What a BS. No Visa requires Insurance.

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22 minutes ago, ujayujay said:

What a BS. No Visa requires Insurance.

Not yet. There are strong signals that it's coming for annual extensions. 

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Life costs money and it gets more expensive every year you live in every country in the world. It always has since time began except during the Great Depression. Grow up.

 

If you want to leave then leave. If you want to stay and don’t have 800 k of Thai baht saved for use as an investment then  no country in the world wants you and you have to leave Thailand. You have to go home or go to a sh@@ country or overstay. 

 

In 10 years of course it will be 1.6 million baht needed in Thailand but 1.6 million baht will be worth the same as 800 baht today. And in 20 years it will be 3.2 million baht. Did you ever think the cost of living would stay the same or decline? That would be a disaster of deflation for the world and will never happen again.

 

Who retires without money saved and moves to a foreign country?  If you did then sorry for you but don’t blame others or the foreign country. Ask yourself why you spent all your money after you quit your job and why you failed to save money for retirement and why you left your nanny state. 

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There are so many options.  I think a poll should just say 

will you do long-term Stay!

or will you Go!

Then you have some real info.

I am not going to do a long term stay again ever after more than 30 years of spending anywhere from 3 to 9 months a year in TH.  I have had at least 3 one year retirement visas.  I will come for under 30 days visa exempt and see old friends.  

My long winter stays will be elsewhere.

 

Edited by dontoearth
left out a word

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