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Survey: Thais are short of money - and it's worse than Indonesia!

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Wonder how many retired Thaivisa members are in a similar situation...🤔

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Once we were with all company staff on a trip and had some games on the bus. Who can show the most credit cards? I was sure I was going to win as I had my personal and company cards all together maybe 5-6. But I remember I even did not make the top 3. The winner had 9 and she was working in the administration..


Sent from my iPhone using Thaivisa Connect

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Thailand will soon be a cashless society and a lot of poor people won't have a pot to p**s in.

 

Hurray for the Junta 

Hurray for Prayuth

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38 minutes ago, khunPer said:

Wonder how many retired Thaivisa members are in a similar situation...🤔

Nobody because the bank Thai not rent money to foreigners retired and if you not rent money you be rich man. This is the majority the peoples around the world not only Thai peoples don't will know

Edited by ICELANDMAN
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10 minutes ago, ICELANDMAN said:

Nobody because the bank Thai not rent money to foreigners retired and if you not rent money you be rich man. This is the majority the peoples around the world not only Thai peoples don't will know

Not really sure what you are saying but I bet there would be quite a few expats living pension check to pension check.

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10 minutes ago, ICELANDMAN said:
45 minutes ago, khunPer said:

Wonder how many retired Thaivisa members are in a similar situation...🤔

Nobody because the bank Thai not rent money to foreigners retired and if you not rent money you be rich man. This is the majority the peoples around the world not only Thai peoples don't will know

You don't need to borrow money, to be short of money during the last half of the month; money exchange rates can easily cause that, just ask some of the long staying Brits...😉

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3 hours ago, wgdanson said:

Expats BUYING land?

Through a company that they control it is quite possible.

It is not the expat who owns the land but the society and that's the big difference.

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51 minutes ago, luk AJ said:

Once we were with all company staff on a trip and had some games on the bus. Who can show the most credit cards? I was sure I was going to win as I had my personal and company cards all together maybe 5-6. But I remember I even did not make the top 3. The winner had 9 and she was working in the administration..


Sent from my iPhone using Thaivisa Connect

I think id be checking her account when you got back

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4 minutes ago, Assurancetourix said:

Through a company that they control it is quite possible.

It is not the expat who owns the land but the society and that's the big difference.

The expat stumps up 100% of the money but can never own it either outright or through a company. If the sole purpose of the company is to buy land then it is illegal.

 

However, you keep your happy thoughts.

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1 minute ago, emptypockets said:

If the sole purpose of the company is to buy land then it is illegal.

 

It is right ;

 

it's usually for profit; to set up an agricultural or industrial enterprise ..
I am not talking about those who try to cross the yellow line and who, of course, will be caught by the patrol.
I have a friend who has built a company that has hundreds of rai;
these rays are leased to Thai farmers who grow maize, sugar cane or other agricultural products.

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9 minutes ago, Assurancetourix said:

It is right ;

 

it's usually for profit; to set up an agricultural or industrial enterprise ..
I am not talking about those who try to cross the yellow line and who, of course, will be caught by the patrol.
I have a friend who has built a company that has hundreds of rai;
these rays are leased to Thai farmers who grow maize, sugar cane or other agricultural products.

Don't disagree with what you are saying. Sounds like your friend has a legitimate business.

 

However we often hear people on this forum talk about how easy it is to buy a house and land using the company route, and it can be. It can also fall down like a house of cards if/when they get found out. I get the feeling there will be more of these company 'scams' failing in the near future and being reported on this forum. The last one in Phuket was very costly for they guy concerned if I recall correctly.

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39 minutes ago, khunPer said:

You don't need to borrow money, to be short of money during the last half of the month; money exchange rates can easily cause that, just ask some of the long staying Brits...😉

As a Brit I can clearly state my currency losses (-22%) aren't any worse than the Europeans.

And considerably less than the Canuks, Aussies and Kiwis (-30%).

Edited by BritManToo

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