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BANGKOK 19 April 2019 00:11
Rc2702

New Rules for Retirees - Effects so Far?

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Posted (edited)

Couple of observations since the new rules came into play and just wondering if anyone else is seeing a bit of an exodus or signs of one?

 

Drive past a bar each evening and for forever have always seen 4-5 farang 50+ lads having a beer together. 

 

This last month I spot the same guy sitting there on his own 2-3 times a week.

 

The sell your stuff website bahtsold. Seeing a 20% increase in adverts locally when select all categories and location.

 

Properties in North East being put up for sale at what appear to be good prices to sell fast.

 

This website also appears to be taking a hit.

Edited by Rc2702
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Too early to tell, yes a few will leave, and the low season in towns like Pattaya could be worse than ever.

 

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THE SKY IS FALLING but I will be all right Jack ( Joking)   Wish you all the best of luck some will need it

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6 hours ago, quandow said:

I've seen is the visa "agents" jacking up their prices,

How an agent help when you have to show 400,000 baht in the bank all year.?? 

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10 hours ago, Rc2702 said:

The sell your stuff website bahtsold. Seeing a 20% increase in adverts locally when select all categories and location.

I use that site a lot...can't sell anything on it now.

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11 hours ago, quandow said:

All the folks I know are still around. I "kind of" understand Thailand wanting to get rid of the riff raff. I used the monthly income process (honestly) over ten years and often wondered how that could be valid given I could lie through my teeth at the embassy. Now I've had to scramble and will hopefully be able to satisfy the ฿800,000 method, depending on how long a particular annuity will get me the check soon enough for me to transfer to one bank, then to another, then Transferwise to Bangkok bank. Like I said, scrambling. I am sure many folks were being disingenuous about having the required monthly income. It IS brutal how Thailand is applying these rules, and of course I looked into Vietnam, Cambodia, P.I., etc. I just have too many friends and am too comfortable with my life to start over. The only real effect I've seen is the visa "agents" jacking up their prices, but just a little.

You make an interesting point in so far as you mention you scrambled to get the 800k on it's way, so you could remain here.

 

I do not wish to ask of your personal finances, but at what figure would you say enough is enough and look at leaving.  i ask this to other readers as well. 

 

My question isn't about what can you afford.  My question is about what amount of money would you not be prepared to pay to remain here?  Eg. 1million, 1.5 million.  

 

 

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6 hours ago, Number 6 said:

Exactly. Anyone that's in their right mind gets out of Thailand in April. Many go home for a few months. Before i was married I'd leave April-June to avoid the heat.

 

How many barstools open in Pattaya no way of measuring expats on O extension departures. I'm sure while many think about it, the pause makes them sell off illiquid assets and junk.

Are you kidding?  April is the most fun month to be here I’m looking forward to Songkran in a few weeks.  In fact I’m gonna go all out this year and get everything prepared next payday.  

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Posted (edited)

Awesome I think I just might buy a house here after all.  Sounds like it might be a buyers market if that’s the case 😂😂😂.  

Edited by Jim7777
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