The Thailand expat forum for Travel, Lifestyle and Fun.

MustavaMond · 10-09-2009, 12:39 PM

Quote:

Originally Posted by buad hai

Same exact thing happened in the 80's and 90's on Saipan which has similar land alienation laws. Lawyers who thought they were clever "conjure[ed] up these 'cover schemes'"* to get around the law. In the end, all the foreigners who tried to subvert the laws lost the land and the money they paid for it and the locals got their land back just about the same time that all the pickup trucks they bought with the sales proceeds started to rust out.

* Thanks to watterinja for the phrase.

It's cyclical for sure and the English media; Phuket Gazette, The Nation and especially Thai Visa in a despicable conflict of interest, and their advertisers have the pro-property propaganda all wrapped up.
The 30 year "renewal "myth is a good example.
Even the president of the Realtor's Board recently spouted that one off again

I think Thais are actually very logical in their goal and methodology
MAKE MONEY
Once you know this for a fact , then comes the accepting of it.

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search
Display Modes
Switch to Linear Mode Hybrid Mode Switch to Threaded Mode

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)