News Forum - Cabinet agrees to let foreigners buy land and houses in Thailand

[JamesR]

9 hours ago, Pinetree said:

The Mem and Arts of the Company preclude that happening, unless you use a crooked or incompetent lawyer to draw them up. 

It is illegal to buy a single house which you live in through the setting up of a company, 49%, 51% shares etc.

So the contract is not worth the paper it is written on and does not stand up legally. 

Any lawyer setting up such a contract knows it is illegal but will take your money to do it anyway.

It is legal to own multiple properties through a business, but not a single house for the sole purpose of living there, this has been the case for many years.

Hence any farang doing this is not the real owner of the house. 

[Marc26]

22 minutes ago, Soidog said:

Looking in the wrong places then @JamesR  I guess it depends if you mean the number one wife or one of the Mia Nois. When I’m in Korat I see lots of older business guys from Bangkok with their much younger other half. I also know many Thai men in their late 40’s/early 50’s who are married to women in their early 20’s. It’s certainly not just Farang who go for the younger model. Older men with younger women is everywhere in the world. You just need the money or the income gap to achieve it

Those scenarios are around but I wouldn't call it the norm in Thai relationships where I think you'd have to say age gaps is the norm in Thai-Farang relationships 

 

I'm not saying age gaps are the biggest reason relationships get messed up

I think the biggest reason is so many guys rush into things and end up with committing all this $$$ without really knowing the girl as well as they should 

 

The girl sees the guy spend all this money fast and I think never gains the respect for them 

 

 

[JamesR]

9 hours ago, Marc26 said:

Just another expat that seriously overestimates their economic impact 

To say expats are the backbone of the country is laughablely absurd 

Just the share numbers of Thais vs expats make your statement ridiculous 

My kid is at university in Thailand 

His friends spend more in a couple months than most expats spend in a year 

Go to the 1000's of local Thai areas without an expat in sight 

By the way

I do think expats have a positive impact on the Thai economy and I do think Thailand is foolish not to offer better visa accommodations for them

But they are a very small impact 9j the Thai economy 

Come off it, it is the expats who make up the vast majority of the Thai economy, ask any one of them.

You seem to think the forty million tourists spending 5000 baht a day and in a year bringing in 18 to 20% (in normal times) of the Thai GDP is significant.

Well I can tell you for a fact the two pounds three shillings and sixpence each of the expats spend a week in their tiny village at the back of the beyond is far more significant.

Just get you facts right. 

[longwood50]

So someone has to invest basically just over $1 million USD to get the privilege of buying a home on a maximum land size of 1 rai. 

Perhaps they should contact Richard Branson to see if he can charter a fleet of charter jets to let those wanting to scoop up on this too good to pass up deal. 

[Pinetree]

43 minutes ago, JamesR said:

It is illegal to buy a single house which you live in through the setting up of a company, 49%, 51% shares etc.

So the contract is not worth the paper it is written on and does not stand up legally. 

Any lawyer setting up such a contract knows it is illegal but will take your money to do it anyway.

It is legal to own multiple properties through a business, but not a single house for the sole purpose of living there, this has been the case for many years.

Hence any farang doing this is not the real owner of the house. 

That is all myth and nonsense I'm afraid.  Its illegal to use nominated Directors that have no connection with the company, for the sole purpose of allowing a none Thai to own property.  Our company is not set up that way and most other property owning companies that I know of are compliant with the law. Our Company was audited by The DBD 4 years ago  and was found to be compliant. 

[Marc26]

3 hours ago, Soidog said:

Looking in the wrong places then @JamesR  I guess it depends if you mean the number one wife or one of the Mia Nois. When I’m in Korat I see lots of older business guys from Bangkok with their much younger other half. I also know many Thai men in their late 40’s/early 50’s who are married to women in their early 20’s. It’s certainly not just Farang who go for the younger model. Older men with younger women is everywhere in the world. You just need the money or the income gap to achieve it

As I said above, I don't think age gap is the biggest factor in failed relationships between TG and farang

 

If you think about it, I actually think an age gap means the guy is older can handle all the comes with getting involved with a TG better vs a younger guy ( or should be able to handle it better)

 

I met my wife when I was 30 years old and no way I was ready to handle all that comes with being involved with a TG and a new culture, their immaturity, etc.....

We were on and off for 6 years before settling down and that was because I was finally ready to deal with all that

[Soidog]

1 hour ago, Marc26 said:

As I said above, I don't think age gap is the biggest factor in failed relationships between TG and farang

If you think about it, I actually think an age gap means the guy is older can handle all the comes with getting involved with a TG better vs a younger guy ( or should be able to handle it better)

I met my wife when I was 30 years old and no way I was ready to handle all that comes with being involved with a TG and a new culture, their immaturity, etc.....

We were on and off for 6 years before settling down and that was because I was finally ready to deal with all that

I think I may have had lucky break or perhaps unlucky depending how you view it. Most of the years I’ve been coming to Thailand I was with my Dutch wife. Over the years we got to know many people and a lot of westerners with Thai wife’s or girlfriends. With the exception of 2 couples, the others all had fairly fractious relationships. Some tragic in how they ended while others were just continuous arguments and problems; often brought on by the woman’s family commitments and issues. As a result, and also as I’m simply not ready to move on, I don’t intend to get myself in to another relationship, least of all with a Thai woman. I don’t think she would be right for me nor me for her. As they say, never say never, but right now I can’t see it. Happy to have dinner from time to time and go on holidays as a group of people, but I’ve come to enjoy my own company and do what I want each day. 
 

Well done for sticking at it. Seems despite the challenges you are in a happy and loving relationship.

[Marc26]

32 minutes ago, Soidog said:

I think I may have had lucky break or perhaps unlucky depending how you view it. Most of the years I’ve been coming to Thailand I was with my Dutch wife. Over the years we got to know many people and a lot of westerners with Thai wife’s or girlfriends. With the exception of 2 couples, the others all had fairly fractious relationships. Some tragic in how they ended while others were just continuous arguments and problems; often brought on by the woman’s family commitments and issues. As a result, and also as I’m simply not ready to move on, I don’t intend to get myself in to another relationship, least of all with a Thai woman. I don’t think she would be right for me nor me for her. As they say, never say never, but right now I can’t see it. Happy to have dinner from time to time and go on holidays as a group of people, but I’ve come to enjoy my own company and do what I want each day. 
 

Well done for sticking at it. Seems despite the challenges you are in a happy and loving relationship.

I wouldn't go looking for another Thai girl if this ended..............

 

I absolutely adore my wife, love my stepson and we actually have a pretty drama free Thai family, for the most part

 

All 4 brothers and 1 sister have decent jobs, Mom is basically a saint

Her closest Aunt and her kids are probably our favorite people in the world

 

Only problems were her dad, who passed fortunately and her other Aunt

But even those two..............I was never going to get bowled over by anyone

 

 

But my family ain't perfect, that's for damn sure!

 

 

It would be interesting being in Thailand with your own farang wife and not being part of all of that.

 

 

 

 

 

[Skip]

13 hours ago, JamesR said:

Wow have electricity prices gone up that high?

When I was there two years ago I think it was 9 baht a unit, what is it now?

The larges bill in my house was electric, (no rent or mortgage to pay) usually around 1400 baht a month.

My electric has jumped to B7500... about half of what it was in the USA 

[Guest1]

20 hours ago, JamesR said:

ow have electricity prices gone up that high?

When I was there two years ago I think it was 9 baht a unit, what is it now?

The larges bill in my house was electric, (no rent or mortgage to pay) usually around 1400 baht a month.

No, till this year, it was always just 4 and below. 

In case you paid 9, your landlord made you pay more as double the PEA price!

In my experience, most people will never find out about it. 'cause they never get the PEA bill, always only a bill from the landlord.

[harry1]

On 10/27/2022 at 10:03 AM, Marc26 said:

Just another expat that seriously overestimates their economic impact 

To say expats are the backbone of the country is laughablely absurd 

Just the share numbers of Thais vs expats make your statement ridiculous 

My kid is at university in Thailand 

His friends spend more in a couple months than most expats spend in a year 

Go to the 1000's of local Thai areas without an expat in sight 

By the way

I do think expats have a positive impact on the Thai economy and I do think Thailand is foolish not to offer better visa accommodations for them

But they are a very small impact 9j the Thai economy 

just another expat ?  and who do you think you are marc,making assumption that others dont go to thai event and everyone goes drinking in a bar,your head is so up your arse you cant smell the coffee,and by the way l didnt say the backbone,l said played a major part in locally economy,which was true 30/40 years ago before your time boy

Edited October 31, 2022 by harry1

[Viggen840]

1 hour ago, harry1 said:

making assumption that others dont go to thai event

 

1 hour ago, harry1 said:

 

Just on that subject, our village held an early Loi Krathong observation (because of calendar difficulties), totally funded by a farang. Isolated event? Not here it isn't!

[Soidog]

Assuming we mean mainly western and  Japanese expats as opposed to migrant workers from neighbouring countries, I estimate they contribute roughly 1% of Thailands GDP. Thailand GDP is approximately $500 billion (฿18.6 trillion). The number of expats is approximately 260,000. If we assume each on average spends 60,000 baht a month, I work that out to be around 1% ?? Do the maths yourself 

[BainaiThai]

James...back in town today and looked at my electric bill for last month...if I take out the vat it works out to around 5 baht/ unit...for me around 2500 baht a month (I do like my ac).  

[Marc26]

10 hours ago, harry1 said:

just another expat ?  and who do you think you are marc,making assumption that others dont go to thai event and everyone goes drinking in a bar,your head is so up your arse you cant smell the coffee,and by the way l didnt say the backbone,l said played a major part in locally economy,which was true 30/40 years ago before your time boy

I mean, you literally said those exact words..............

You do realize we can go back and see what you wrote in previous posts, right?

 

 

The expat are the backbone of this country

[Poolie]

On 10/26/2022 at 10:13 AM, harry1 said:

supposedly the current government believe they are a now middle class society ? and why they didnt sign up to the third world vaccine program, but  instead relied on donation from other countries until their very late orders came.Many thai enjoy living in europe and owning their own property,having rights to vote and residency at no extra cost. The expat are the backbone of this country helped them during tsunami and the covid local economy. they have short memories

Let me assist.

[Soidog]

2 hours ago, Poolie said:

Let me assist.

Your most helpful post, ever

[harry1]

13 hours ago, Poolie said:

Let me assist.

yes l had realize l made a earlier post the backbone of local economy,which is also true,ask the locals in rawai village,? tried to edit the post no success, but what upset me was a guy saying expat dont go to thai event, which is not true

[TheDirtyDurian]

6 minutes ago, harry1 said:

yes l had realize l made a earlier post the backbone of local economy,which is also true,ask the locals in rawai village,? tried to edit the post no success, but what upset me was a guy saying expat dont go to thai event, which is not true

You cannot extrapolate what happens in Rawai Village to the whole country. You realise that right?