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World-beating currency gives Thailand major economic headache

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22 hours ago, Eric Loh said:

I wouldn’t if you intend to stay here. If Baht collapse, it will bring in imported inflation and will result in hyper inflation. Your foreign money gained due to weak Baht will be spend on higher prices of practically all products. 

Baht collapses

 

Buy things that are then under-priced but likely to appreciate during the recovery -- like

1. distressed business

2. real estate

 

Then leave Thailand and only return when the recovery starts and inflation is controlled

 

People have been profiting on currency devaluations for decades.

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On 9/12/2019 at 8:28 AM, quadperfect said:

So whats the best move? Put usd to equal 800k in a bank here for a visa? 

Great question and one I've been mulling over for a few months.  Currently leaning towards opening a FCD account and parking USD.  Still have questions if it's the right move versus moving money over and converting to baht.  Mostly about exchange rate and interest loss.

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On 9/13/2019 at 9:06 AM, siambluesky said:

If you know any 35sqft condo in central london for 250gbp a month (10k thb) please let me know i am very interested... no one can’t compare living cost in a UK provincial city with Bangkok. Compare bkk to london, not Hull with Bangkok or Phetchabun with London! 

 

Are you sure that your not talking sq meters 35sqft is barely a room

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On 9/13/2019 at 3:06 AM, siambluesky said:

If you know any 35sqft condo in central london for 250gbp a month (10k thb) please let me know i am very interested... no one can’t compare living cost in a UK provincial city with Bangkok. Compare bkk to london, not Hull with Bangkok or Phetchabun with London! 

 

If you read my input I said 35sqft far too small...I would not want to live perm in a small room...thats not living the dream.

If you want a decent condo/apartment anywhere in Bangkok you would pay upwards of 50000 bht a month...its cheaper to live in UK at that rental for like for like.

And no i did not mention central London as that is not where i was comparing like for like...but not far from London is where i did my comparison.

Next please....

Edited by Teee
Amend spelling

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On 9/14/2019 at 5:03 PM, Fred white said:

Are you sure that your not talking sq meters 35sqft is barely a room

Sorry my error....of course should read 35sq m.

 

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On 9/12/2019 at 8:23 AM, Dustdevil said:

Chiang Mai still seems to be a great bargain in a much better city. I checked rentals a few weeks ago; there are still plenty of apartment for 7 to 10K baht that are adequate for westerners.

I lived in Bkk with my ex who works in Bkk. No other option to go live in another location.

The apartment for 7 to 10k i assume would be min 90sq m? I doubt that...because anything smaller would def not be adequate for really anyone moving from a home country to live the 'dream'.

Not unless of course in the home country that person was living either in a bedsit or sharing a house.

 

Edited by Teee
Amend spelling

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On 9/12/2019 at 8:56 PM, roamer said:

Not what the OP said in his post. And considering you know nothing about the man or his wife the rest of your sentence was also garbage.

Shame you think you know it all.

If you had read my original post then yiu will know that i was referring to me giving up living in Thailand as its got too expensive and that i was living in Bkk with me ex gf a fillipino who works in Bkk.

So to have the nice OP reply to me re his house he rebuilt (the house is in his wifes name) i said well done. But if anything happened....as we all know....well i suppose your the expert...if he and wife split up....he has no claim on the house therefore no money.

Before you are rude to anyone else on here...read all the posts relating.

Next please

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On September 12, 2019 at 3:23 AM, Dustdevil said:

Chiang Mai still seems to be a great bargain in a much better city. I checked rentals a few weeks ago; there are still plenty of apartment for 7 to 10K baht that are adequate for westerners.

It's sad that the air quality is dangerous for 3-4 months a year.

but wear a mask, you'll be ok.

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I don't understand why both Thai and foreign food products are getting more expensive. Boxes smaller and prices up.

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