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Foreign property owners now allowed to return to Thailand


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Farookin' ridiculous! Three million Baht earning 0.1% in a Thai bank plus another half million doing nothing in your home country - just how anxious do they think people are? Expect a lot more co

So punters drop eg 5 to 15 million baht on a home and now need to show 3 million to use it   Sounds fair 

Let's face it...this is just another step on the road to clearing out foreigners (apart from their brothers and sisters in China).......It is all part of going down the (silk) road to become the next

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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.

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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.

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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

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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.

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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

 

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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. 

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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...

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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?

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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.

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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. 

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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

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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 by Airalee
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