geisha 1,516 Posted October 11, 2020 Share Posted October 11, 2020 Are they crazy ? Would that be legal elsewhere ? 1 1 Link to post Share on other sites
Pattaya Spotter 2,696 Posted October 11, 2020 Share Posted October 11, 2020 4 hours ago, tomacht8 said: True. But that doesn't contradict my statement to think about, how "safe" 3 million Baht are in the account of a Thai bank currently. That's true. Everyone has their own level of risk tolerance and has to make their own decision when putting money in a bank. Link to post Share on other sites
Pattaya Spotter 2,696 Posted October 11, 2020 Share Posted October 11, 2020 36 minutes ago, Pravda said: Not currently. This has always been the case. There is also a glut of US dollars. 22% of all US currency was printed this year alone. Let's think about that for a minute. Because everybody wants them. Link to post Share on other sites
Airalee 3,628 Posted October 11, 2020 Share Posted October 11, 2020 3 hours ago, Ratcher said: Does any TV member have an indication on how many foreign retirees there are in Thailand based on Non O visa extentions? Not sure how accurate the figures are but... “Thailand issued almost 80,000 retirement visas in 2018, an increase of 30% from 2014, with Britons accounting for the bulk. Research by Kasikornthai Bank estimated that in 2016, there were 68,300 foreigners over 50 years old holding long-stay visas, a 9% increase over the preceding two years.“ https://asia.nikkei.com/Economy/Thailand-s-foreign-retirees-see-their-good-life-slip-away 1 Link to post Share on other sites
lkv 3,868 Posted October 11, 2020 Share Posted October 11, 2020 3 hours ago, Ratcher said: Probably posted by people who are not retirees and locked out of Thailand. The way I see it, I'm not locked out of Thailand, others are locked in Thailand, since they can't really go out without jeopardising their stays, whereas I have travelled to 3 major European destinations since August, and I am eyeing Bali for the upcoming winter, or whatever else might open. 2 Link to post Share on other sites
Airalee 3,628 Posted October 11, 2020 Share Posted October 11, 2020 17 minutes ago, Pattaya Spotter said: That's true. Everyone has their own level of risk tolerance and has to make their own decision when putting money in a bank. Risk tolerance refers to investing...not putting money in the bank. I put my money in a bank because I don’t want risk. I’m not looking for return on capital but rather return of capital. “Risk tolerance is the degree of variability in investment returns that an investor is willing to withstand in their financial planning.“ https://www.investopedia.com/terms/r/risktolerance.asp 2 Link to post Share on other sites
bkk_bwana 150 Posted October 11, 2020 Share Posted October 11, 2020 The article is misleading. The statement from the RT Embassy in London refers to the O-X visa which has been around since 2016. With an O-X visa, you CAN buy a condo, but owning a condo does not mean that you need an O-X Visa. Link to post Share on other sites
aussiexpat 529 Posted October 11, 2020 Share Posted October 11, 2020 Meanwhile, I'm enjoying reality on the Covid free Gold Coast...no need to jump through any hoops 2 Link to post Share on other sites
michel7752 21 Posted October 11, 2020 Share Posted October 11, 2020 Do I understand correctly or am I missing something: Property owners have to go through all the requirements asked for STV and O-A visa etc., PLUS they have to park 3.000.000 Baht??? In other words, they are being discriminated for having bought a condo in Thailand??? Somebody help me please... Link to post Share on other sites
Ratcher 197 Posted October 11, 2020 Share Posted October 11, 2020 14 minutes ago, Airalee said: Not sure how accurate the figures are but... “Thailand issued almost 80,000 retirement visas in 2018, an increase of 30% from 2014, with Britons accounting for the bulk. Research by Kasikornthai Bank estimated that in 2016, there were 68,300 foreigners over 50 years old holding long-stay visas, a 9% increase over the preceding two years.“ https://asia.nikkei.com/Economy/Thailand-s-foreign-retirees-see-their-good-life-slip-away I thought the figure would be higher! I guess if you also consider long stay Expats with a marriage visa the figure would be doubled or more? Link to post Share on other sites
michel7752 21 Posted October 11, 2020 Share Posted October 11, 2020 9 minutes ago, bkk_bwana said: The article is misleading. The statement from the RT Embassy in London refers to the O-X visa which has been around since 2016. With an O-X visa, you CAN buy a condo, but owning a condo does not mean that you need an O-X Visa. A condo can also be bought while being in Thailand visa exempt. No problem. Link to post Share on other sites
Airalee 3,628 Posted October 11, 2020 Share Posted October 11, 2020 3 minutes ago, Ratcher said: I thought the figure would be higher! I guess if you also consider long stay Expats with a marriage visa the figure would be doubled or more? I would guess at least double if also considering all the people on Education Visas and others who game the system to their advantage. Link to post Share on other sites
ChipButty 15,629 Posted October 11, 2020 Share Posted October 11, 2020 11 minutes ago, Ratcher said: I thought the figure would be higher! I guess if you also consider long stay Expats with a marriage visa the figure would be doubled or more? Dependent visa's also Link to post Share on other sites
michel7752 21 Posted October 11, 2020 Share Posted October 11, 2020 A more appropriate title for this thread would be: "Foreign property owners NOT allowed to return to Thailand" Link to post Share on other sites
Airalee 3,628 Posted October 11, 2020 Share Posted October 11, 2020 (edited) 5 hours ago, Peterw42 said: A lot of Thais have taken up some level of mortgage relief on offer from the banks, wife has a mortgage and hasn't paid it for 6 months and about to apply for another 3 months. Not everyone has lost their job, for many Thais, with non tourism jobs/businesses, its business as usual, For most Thais a tourism job represented a seasonal 300-400 baht a day job, many have just gone and found another non tourism job. That mortgage relief is great for the banks...not so much for the borrowers. Most banks just kick the can down the road by offering relief in the form of “interest only” payments...meaning, the banks still get paid and then the loan is then extended at a fully amortizing payment for however long the “relief” is utilized. In the end, the bank...well...most of them...squeeze more interest out of the borrowers. https://news.fazwaz.com/financial/bank-of-thailand-mortgage-relief-measures-during-covid-19/ Edited October 11, 2020 by Airalee 1 Link to post Share on other sites
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