Farang Land Owners To Be Deported From Thailand

**Loy Toy** · 03-07-2011, 01:52 PM

Originally Posted by dirtydog

Not quite, the lease can be in Thai or English, only one will be accepted in a court of law, that will be the Thai one unless it states on both that English is the governing language.

Quite right, but the Thai contract has to have a disclaimer stating that an English version is on offer upon request. This is generally the case when a foreigner is involved in a lease agreement.

**Tom Sawyer** · 03-07-2011, 01:52 PM

Regarding the 30 year lease from your spouse, especially for the old boys who like to retire up to tilac's village and build a big house there next to brothers Jethro and Skinnard, bear in mind that if your relationship breaks down - are you REALLY gonna want to keep living there, sleeping with one eye open every night?

Didn't think so.

**good2bhappy** · 03-07-2011, 01:54 PM

gamble what you can afford
to lose

**Loy Toy** · 03-07-2011, 01:56 PM

Originally Posted by Tom Sawyer

Regarding the 30 year lease from your spouse, especially for the old boys who like to retire up to tilac's village and build a big house there next to brothers Jethro and Skinnard, bear in mind that if your relationship breaks down - are you REALLY gonna want to keep living there, sleeping with one eye open every night?

Didn't think so.

Anything in life is a risk Tom.

Where's your gungho spirit?

**FailSafe** · 03-07-2011, 01:56 PM

Originally Posted by Tom Sawyer

I've never understood why anyone (other than leasing from your spouse) would agree to the leasehold "purchases" that are alternatively offered farangs in resort areas (and Bangkok).

Many people get involved in those deals (especially for places that are within the confines of an existing resort) in the hopes that they will be able pay for their place (and hopefully make a profit) by renting it out when they aren't using it (not so much in Bangkok but certainly in Phuket and Samui). Some people actually do fairly well- many others do not (after being lured in by things like 'Guaranteed 6% return'- these 'guarantees' usually only last a couple of years).

Alternatively, you could buy a piece of land in a decent spot, build your own house, and rent it out yourself- if you're smart about it, you can make a lot of money- of course, it takes quite a bit of initial outlay and effort (you really need to be on-site during the entire construction phase), which many people aren't willing to put forth.

**Tom Sawyer** · 03-07-2011, 01:57 PM

Originally Posted by Loy Toy

Originally Posted by Tom Sawyer

Effectively they are paying "rent" - but they're paying it all at once and all up front.

I paid 3,000.00 Baht up front and when my wife put my name on the chanoit as the lessee plus 5,000 Baht legal fees.

Foking cheap as chips I reckon covering 30 years rent for the family home.

To each his own of course. But 30 years of rent (paid in advance) is a foking long time - and 3,000,000 THB would buy you a lot of chip butties along the way.

**FailSafe** · 03-07-2011, 01:57 PM

Originally Posted by Tom Sawyer

Man are you hostile to anyone who uses reason rather than emotion in discussing real estate. Are you an estate agent or something?

No, I'm not- real estate is just a hobby for me.

I don't see the 'hostility' -sorry if I hurt your feelings, Tom.

Oh yeah- I also didn't sell real estate in Vegas pre-bust, in case you are still wondering.

**Tom Sawyer** · 03-07-2011, 01:58 PM

Originally Posted by Loy Toy

Anything in life is a risk Tom.

Where's your gungho spirit?

Chaiyo!

**terry57** · 03-07-2011, 01:59 PM

Originally Posted by harrybarracuda

I suppose Terry57 has never heard of anyone getting bumped off for what is in the Thai wife's name then?

What the fok are you bleating on about this time Harry ? Be a top idea to put your teeth back in so we can understand you.

Jeez matey, your a strange one.

**Tom Sawyer** · 03-07-2011, 02:00 PM

Originally Posted by FailSafe

No, I'm not- real estate is just a hobby for me.

I don't see the 'hostility' -sorry if I hurt your feelings, Tom.

Oh yeah- I also didn't sell real estate in Vegas pre-bust, in case you are still wondering.

Too bad - I was going to ask you to print of a list of Vegas houses for sale. Buy low sell high!

**FailSafe** · 03-07-2011, 02:03 PM

Originally Posted by Tom Sawyer

Too bad - I was going to ask you to print of a list of Vegas houses for sale. Buy low sell high!

More a matter of 'buy low, be prepared to own the place 'til you're old and gray hoping to turn a profit' these days- friends in Vegas (and Florida and some parts of Cali) are all upside-down on their houses- it's a bad situation..

**Loy Toy** · 03-07-2011, 02:03 PM

Originally Posted by Tom Sawyer

and 3,000,000 THB would buy you a lot of chip butties along the way.

3,000.00 Thai Baht.........about 100 USD or about 55 Pounds for 30 years is all.

Not many chip butties for that back in Blighty.

**Tom Sawyer** · 03-07-2011, 02:05 PM

Okay - sorry - specs back on. How about this though..

Foreclosure Sale - Las Vegas

Sun Vista Dr Las Vegas, NV 89104 - $75,000
3 bed, 2 bath: 1,058 sq ft

**terry57** · 03-07-2011, 02:05 PM

Originally Posted by Tom Sawyer

retire up to tilac's village and build a big house there next to brothers Jethro and Skinnard.

**terry57** · 03-07-2011, 02:13 PM

[quote=Loy Toy;1802799]

Originally Posted by terry57

Originally Posted by Sailing into trouble

See..... This is scary.

How about Mrs buying land and then leasing back to me for 30 years? Co-own house?
How safe is that?

Actually that method is fool-proof and even if the relationship broke down the lessee still retains full legal right to live in the house for the full term of the lease contract and take up the option on the second 30 years if so desired.

I think you have missed my point L/T. You more than anybody on this forum knows that the long term lease ain't worth a piece of shit when one has the cousins " Jethro and Skinnard "threatening to blow you away if you don't fok off.

Wild west out there mate.

**dirtydog** · 03-07-2011, 02:18 PM

^Terrry, you getting confused with Thailand and Tasmania?

**terry57** · 03-07-2011, 02:22 PM

Originally Posted by dirtydog

^Terrry, you getting confused with Thailand and Tasmania?

Nope if Jethro and Skinnard where from Tasmania they would have 2 heads each.

**FailSafe** · 03-07-2011, 02:23 PM

Originally Posted by Tom Sawyer

Okay - sorry - specs back on. How about this though..

Foreclosure Sale - Las Vegas

Sun Vista Dr Las Vegas, NV 89104 - $75,000
3 bed, 2 bath: 1,058 sq ft

3 bedrooms in only 1,058 sq ft (that's a bit less than 100 sq m)? No thanks.

Been to Vegas outside the Strip lately? It's really ghetto (though the pic doesn't look too bad, you might want to check out the neighborhood around midnight).

**Loy Toy** · 03-07-2011, 02:24 PM

Originally Posted by terry57

I think you have missed my point L/T. You more than anybody on this forum knows that the long term lease ain't worth a piece of shit when one has the cousins " Jethro and Skinnard "threatening to blow you away if you don't fok off.

Understand mate but if my wife and I fell apart I would rent the property and move somewhere else, which I have the right to do and according to the terms of the lease.

Of course anything can happen but know the devil your getting into bed with right from the start and have a bigger stone to throw if one comes in your direction.

**terry57** · 03-07-2011, 02:35 PM

Originally Posted by Loy Toy

Of course anything can happen but know the devil your getting into bed with right from the start and have a bigger stone to throw if one comes in your direction.

You know L/T, it all boils down to the strength of the relationship and that relates to all countries and not just Thailand.

You are one of the very lucky guys who has a long term committed relationship and more power to you I say.

If I ever thought I was good enough to pull it off I'd be in it as well buying a house in my my Thai wife's name but unfortunately for me my track record tells me that I'd be an absolute lunatic to ever consider it.

Cheers mate.

**9999** · 03-07-2011, 03:02 PM

Originally Posted by harrybarracuda

I personally know one who was killed, and another who was lucky to survive.

Originally Posted by harrybarracuda

I even know one bloke who has just built his teerak and her parents a lovely little country house EACH. Her other farang b/f stays in it when he's not there.

Sounds like you hang around a bunch of suckers Harry. If 20yo BGs can outwit them then well played I say.

Originally Posted by harrybarracuda

And yes, I'm sure there are exceptions

So this is the norm then? Westerners stupid enough to lose it all to a young whore is the norm?

Originally Posted by harrybarracuda

Anyone dumb enough to buy a house or business in their Thai BG's wife's name better look over their shoulder.

Obviously.

**harrybarracuda** · 03-07-2011, 03:11 PM

Originally Posted by terry57

Originally Posted by harrybarracuda

I suppose Terry57 has never heard of anyone getting bumped off for what is in the Thai wife's name then?

What the fok are you bleating on about this time Harry ? Be a top idea to put your teeth back in so we can understand you.

Jeez matey, your a strange one.

Sorry old bean, in editing the quote I misread the reply. Didn't mean you at all.
Please accept my humble apology.

**terry57** · 03-07-2011, 03:16 PM

^

No probs Harry all is forgiven but it would be nice to go get yourself a decent set of pearly whites.

**good2bhappy** · 03-07-2011, 03:28 PM

Originally Posted by 9999

Westerners stupid enough to lose it all to a young whore is the norm?

we don't all marry ex-whores

**KAPPA** · 03-07-2011, 03:30 PM

My folks were shopping for property in LV area and sure, lots of cheap foreclosures, but the banks weren't selling, preferring to wait for prices go up. They ended up buying a half finished renovate for very, very cheap in a really nice neighborhood.
Maybe the time has passed for homes to be speculated upon.

Originally Posted by Tom Sawyer

Okay - sorry - specs back on. How about this though..

Foreclosure Sale - Las Vegas

Sun Vista Dr Las Vegas, NV 89104 - $75,000
3 bed, 2 bath: 1,058 sq ft

Thread: Farang Land Owners To Be Deported From Thailand

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