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Foreign property owners now allowed to return to Thailand


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3 minutes ago, polpott said:

I have never bought a sim in Thailand. My wife buys them for me........in her name. Officially I own nothing and subscribe to nothing in Thailand.

Good idea. My wife would do the same if I'd ask her to. 

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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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45 minutes ago, polpott said:

I have never bought a sim in Thailand. My wife buys them for me........in her name. Officially I own nothing and subscribe to nothing in Thailand.

Wife?  ah, they will never make the connection...

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27 minutes ago, Seeall said:

Wife?  ah, they will never make the connection...

Another club I won't join in Thailand. Not legally married, zero documentation.

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On 10/10/2020 at 10:09 AM, rooster59 said:

Foreigners who own property in Thailand have been added to the group of non-Thais who are now able to apply to return to the country.

 

But before you get too excited, be warned there are a whole host of eye opening requirements that need to be met as part of the application process.

Note to self:

 

One more reason to never become a foreign property owner in Thailand.

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20 hours ago, Seeall said:

Wife?  ah, they will never make the connection...

Most of it is in the sim card, and for the rest I am IT professional.  To get my connection to the provider I can go to Big C or Tesco Lotus. 

Edited by micmichd
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On 10/10/2020 at 2:49 PM, losername said:

Is this policy, or lack of it, aimed at keeping Covid 19 out or bringing money in?  I have not seen anything that suggests that rich people cannot be infected by Covid.  Only in Thailand can thinking be so muddled.  These are two entirely separate Issues.

Yes rich people get covid20 not that out of date covid19

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On 10/10/2020 at 10:14 PM, Truth Will Set You Free said:

This is totally BS. This is why people should not invest in Condo or property in this country. This the the government way of saying we don’t want you nasty dirty farlangs back here. 
 

 

    Condos' , soon to be ground zero ..

     So sad . 

 

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22 hours ago, fusion58 said:

Note to self:

 

One more reason to never become a foreign property owner in Thailand.

    Are there any farlangs , who are property owners in Thailand ?. 

    They may think , they are ..

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On 10/11/2020 at 2:57 PM, 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

What exactly do they mean by retirement visa.? Are they including extensions of permission to stay.? 

Sloppy wording if so. 

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On 10/11/2020 at 4:03 PM, Airalee said:

 

 

In the last 15 years, (2005-2020) household debt has more than quadrupled whereas GDP and GDP per capita has less than tripled.
 

 

 

 

So for those who are not accountants, economists or financiers what are the likely ramifications of this? Any historical comparisons.?

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So, first they announced a return of charter flights with 1200 people a month - compared to the normal 100k per day tourism rate. 

Seemed to tally not with the visit of regular tourists, but the number who have private jets.

And now we have this measure - for the benefit of big property investors no doubt, who can't afford private jets and have to slum it in first class instead..

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40 minutes ago, rott said:

So for those who are not accountants, economists or financiers what are the likely ramifications of this? Any historical comparisons.?

GDP correlates with income.  Debt increased at a much faster rate than income, therefore, it is unlikely for there to be enough income to service that debt.  Put simply...the loans aren’t getting paid back.  The only way out is to print (inflate their way out of it) but from past examples such as the “great financial crisis of 2007-20??”) most of that helicopter money ended up in the pockets of the uber-rich and corporations.  Bottom line is...you cannot borrow your way to prosperity especially when the borrowing goes towards consumption vs investment.  
 

What’s the likely ramification?

 

Serfdom, debt slavery....whatever you want to call it for the debtors.  If you look at the way mortgage modifications were written (and some of the laws surrounding them) during the popping of the US housing bubble, it basically pushed people further into debt over a longer period of time.  Interest rates were crammed down but the common man was already tapped out and couldn’t borrow anymore.  The people who could take advantage of those low rates were the banks and the wealthy.
 

The banks (and the rich) won...and a few people who knew how to play the game.

 

For the average saver, inflation was basically a tax on their (cash) savings as re-inflation eroded their purchasing power.

 

It’s much more complex than what I laid out here, but I hope you can get the gist of it.  The housing bubble blogger community poked fun at it all.  This video would be a great example.

 

 

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58 minutes ago, rott said:

What exactly do they mean by retirement visa.? Are they including extensions of permission to stay.? 

Sloppy wording if so. 

I’m not sure but I agree...vague and sloppy.

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16 hours ago, elliss said:

 

    Condos' , soon to be ground zero ..

     So sad . 

 

Yet there's all kinds of new condos being built in the Pacific Coastline. Built by workers from Issan, and mostly built for foreigners. Go to Rayong for example. 

Just no Thai soil for foreigners, that's a taboo in Thailand. 

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Seems pretty easy for us Ozzies married to a Thai - don't see no need for $$ deposits foreign or in Thai.

Actually it's easier to get into Thailand as a husband of a Thai woman than it is to get into Australia as a spouse of an Ozzie.

 

Must be something about Pommies that the Thai gov wants proof of $500,000 deposited across 2 continents ???

 

https://canberra.thaiembassy.org/6-non-thai-nationals-who-are-spouses-parents-or-children-of-thai-nationals/

 

image.png.05b0a10bd2959b7a55381b70199d9084.png

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