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  1. #26
    กงเกวียนกำเกวียน HuangLao's Avatar
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    Quote Originally Posted by Norton View Post
    Indeed. This is the core problem. The lenders are but a symptom taking advantage of the need to consume as village folks are barraged seeing commercials everyday on TV. Not unique to Thailand however.
    Imagine what might become of the black, and surface, economies if significant portions of the populations preferred to take a simple, healthy and self-sufficient tact on their existence.

  2. #27
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by Maanaam View Post
    We paid MiL's loan shark loan off and then gave MiL 30,000

    As far as she's concerned, *you* did, and it was free money. Can always go back for more.


  3. #28
    กงเกวียนกำเกวียน HuangLao's Avatar
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    Quote Originally Posted by Norton View Post
    Lessons learned from 1997 crash I think. Banks were lending money on what was essentially worthless collateral. Also agricultural land is very difficult to sell. Banks hate to carry repo land for years before it sells.
    Yet, everyday dormant or working agricultural land [less commercial/forested/government land] has shot through the roof - be it private or banking hands - of the last 20-25 years, almost unreasonable considering it's humble usage. The trends are shifting to leasing lands on a working basis, whereas the landlords can show some sort of manipulated shared profit - better than the land sitting vacant.

    I'm of the opinion that the artificially inflated price of land [throughout Thailand] will naturally revert to their real reflective working values within a decade, as there isn't a market for stagnant property vacant.

    We just completed purchase [our novel property] of four rai rural river property, originally asking B1,000,000 + during a "lease-to-own" agreement, in which the owners came to us with a final B400,000 offer to purchase, as they hadn't had any firm suckers for a couple of decades and truly wasn't valued anywhere near the original asking price. Naturally, we jumped on it knowing quite well the truer value of this parcel. I believe the trends will filter this way, generally speaking...

  4. #29
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by Maanaam View Post
    Wife wants to buy some land. She says the bank won't offer a mortgage on bare land, only if there is a house on it. Seems odd to me as land is collateral and will have equity.
    That could be another reason people borrow from non-accreditted sources.
    You cannot borrow on land that is Sor Por Kor. The title deed doesn't allow it. Sor Por Kor land can be taken back by the government at anytime they wish without paying compensation. You don't actually own Sor Por Kor land even though your missus may well tell you she does. Best land to buy, all sing and dancing, is 'Chanote' titled land.

  5. #30
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by harrybarracuda View Post
    As far as she's concerned, *you* did, and it was free money. Can always go back for more.
    Usually the case Harry.

  6. #31
    Days Work Done! Norton's Avatar
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    Quote Originally Posted by HuangLao View Post
    We just completed purchase [our novel property] of four rai rural river property, originally asking B1,000,000 + during a "lease-to-own" agreement, in which the owners came to us with a final B400,000 offer to purchase
    Could be in the same area we looked at a few years back. Same thing happening there. Big price drops. I think you know the area.

  7. #32
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    Quote Originally Posted by harrybarracuda View Post
    Can always go back for more.
    Unfortunately for MiL, no. Wife is in full agreement. We don't work and save to give to the wat. MiL is unfazed and will carry on as an uncomplaining peasant for all her days. We'll pay for her to go to hospital and things like that, but no more cash.

  8. #33
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    Quote Originally Posted by Pragmatic View Post
    You cannot borrow on land that is Sor Por Kor. The title deed doesn't allow it. Sor Por Kor land can be taken back by the government at anytime they wish without paying compensation. You don't actually own Sor Por Kor land even though your missus may well tell you she does. Best land to buy, all sing and dancing, is 'Chanote' titled land.
    I'm aware of what a chanote is and would never buy anything else. Is there bare land without a dwelling that can be chanote land? I'd guess so if someone had a chanote on a large section and sub-divided. I think Mrs was referring to chanote land when she spoke to me because she would never buy anything other than something that is freehold...or maybe the bank that told her assumed it was not chanote land.
    Investigation required.

  9. #34
    กงเกวียนกำเกวียน HuangLao's Avatar
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    Quote Originally Posted by Pragmatic View Post
    You cannot borrow on land that is Sor Por Kor. The title deed doesn't allow it. Sor Por Kor land can be taken back by the government at anytime they wish without paying compensation. You don't actually own Sor Por Kor land even though your missus may well tell you she does. Best land to buy, all sing and dancing, is 'Chanote' titled land.
    Yep.
    Words to the wise.

  10. #35
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by Maanaam View Post
    Investigation required.
    Thais are really not honest when it comes to defending themselves. If you care to publish a photo of the title that is in the top right hand corner of your land paper I will gladly tell you what the actual title is. Between you and me, always get a second opinion if a Thai says 'good morning'.

  11. #36
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by Maanaam View Post
    We'll pay for her to go to hospital
    Hospital is free for a Thai.

  12. #37
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    Quote Originally Posted by Pragmatic View Post
    Hospital is free for a Thai.
    Not if you want extra things like MRI or eye surgery or a room that hasn't got beds stacked only a foot apart.

    My mrs was looking to buy..she does not have any land.

  13. #38
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by Maanaam View Post
    Not if you want extra things like x-rays or eye surgery or a room that hasn't got beds stacked only a foot apart.
    X-rays and eye surgery are free. I've yet to have been in a government hospital where beds are stacked/placed a foot apart.

  14. #39
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    Quote Originally Posted by Pragmatic View Post
    X-rays and eye surgery are free. I've yet to have been in a government hospital where beds are stacked/placed a foot apart.
    When I had dengue and was shifted from Sikarin to Hatyai hospital, I was first put in a ward where there were occupied beds in the corridors and the beds in the ward were about a foot apart. I paid to go to a private room. Barely room for a nurse to get in.
    My FiL had eye problems and back problems and we had to pay for something. I'll ask Mrs tomorrow.

  15. #40
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by Maanaam View Post
    My FiL had eye problems and back problems and we had to pay for something. I'll ask Mrs tomorrow.
    Don't forget rule one. A 'second opinion' when a Thai tells you somefink.

  16. #41
    กงเกวียนกำเกวียน HuangLao's Avatar
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    Quote Originally Posted by Pragmatic View Post
    Don't forget rule one, a second opinion when a Thai tells you somefink.
    A second Thai opinion...


  17. #42
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by HuangLao View Post
    A second Thai opinion...
    Make that a third.......

  18. #43
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by Maanaam View Post
    We'll pay for her to go to hospital and things like that, but no more cash.
    Just don't pay for her to come back.

  19. #44
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    u got me confused prag. i understand the chanot to have three levels/grades all graded by the embosment of the flying thingy, a red one being first class. dont touch anything else. wots in the corner. the flying thing is in the middle of the heading

  20. #45
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by lob View Post
    wots in the corner
    The actual wording as to the land title.

    Freehold Title Deed (Chanote Or Nor Sor 4)

    This type of title grants the holder of this document full rights over the land, to deal with or to use it to the exclusion of others.Thus, if you are planning to buy land in Thailand, this type of title deed is the best and most credible title deed to hold.

    Nor Sor 3 Gor


    • A land 'awaiting' a full title deed is granted the document Nor Sor 3 Kor.
    • The land is measured by the Land Department; therefore, it has its exact boundaries.
    • This type of land may be sold, transferred, or mortgaged in the same manner as land with freehold title deed (Chanote) as long as it is ready to be a full title deed.
    • In order to change the title to a Chanote, the owner of the land may file a petition to the Land Department to file a request to change it to a full title deed (Chanote), and the Land Department may do so if there is no opposition made against the petition.

    Nor Sor 3


    • The difference between this type of land title deed and the Nor Sor 3 Gor is that a land with Nor Sor 3 title has never yet been measured by the Land Department; hence the land has no exact boundaries.
    • The Nor Sor 3 title may later be switched to a Nor Sor 3 Gor then subsequently transform to that title to a freehold title deed (Chanote) in the future.
    Last edited by Pragmatic; 24-07-2018 at 10:34 AM.

  21. #46
    Days Work Done! Norton's Avatar
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    Quote Originally Posted by lob View Post
    a red one being first class
    Yep. That's the one.

  22. #47
    กงเกวียนกำเกวียน HuangLao's Avatar
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    ....and I hope Prag's relevant post cleared up the complexities that some attach to property documentation/ownership.

  23. #48
    Thailand Expat
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    Quote Originally Posted by HuangLao View Post
    ....and I hope Prag's relevant post cleared up the complexities that some attach to property documentation/ownership.
    no but yours did and confirmed my understanding. thank u.

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