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  1. #51
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    Quote Originally Posted by OckerRocker
    So, you're back . . .

  2. #52
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    Haven't watched the video but any sensible fella knows that Thailand or any other 3rd world country is not a place to invest any more than you can afford to walk away from.

    Any investment in a society that still has endemic corruption running thoughout its systems of governmrnt is a huge gamble.

    In this case it was property investment. I always understood that land ownership was illegal for foreigners. The various legal constructs to work around this are just ways to bend the law and the law is there to prevent foreign ownership of land so you are taking even more risk by trying to circumvent the law.

    This guy could have bought property in Ireland on his home turf and played it safe but he chose to gamble and lost.

  3. #53
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    Quote Originally Posted by taxexile View Post

    Terry, you are sadly an Australian,

    As if that wasnt enough of a handicap in itself, you have also, through no fault of your own, been blessed with a full set of DNA that originated in the grimy and wrinkled testicles of one of your ancestors, an Englishman.

    Yes I know that mate,

    The only thing that separates my good self from a Nasty soap dodging Pommy throttler is that I refuse point blank to wear socks with my Sandles.

  4. #54
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    Quote Originally Posted by Looper View Post
    any sensible fella knows that Thailand or any other 3rd world country is not a place to invest any more than you can afford to walk away from.
    .
    That is such a hoary old cliche, beloved of forums, and trotted out as automatically as observations about not being able to take brothels out of girls.

    It is perfectly possible to invest safely and securely in emerging and frontier markets with due care and attention. It's the omission of the latter that causes problems.

  5. #55
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    I don't get the two sides here,
    This seems to be a case of the criminal crying foul when his partner in crime does a bunk on him.
    If he hadn't illegally tried to acquire property in the name of his Teerak/Housekeeper none of this would have happened.

  6. #56
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    Quote Originally Posted by Necron99 View Post
    I don't get the two sides here,
    This seems to be a case of the criminal crying foul when his partner in crime does a bunk on him.
    If he hadn't illegally tried to acquire property in the name of his Teerak/Housekeeper none of this would have happened.
    Because the facts don't matter. Not when there's an opportunity to Thai bash.

  7. #57
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    Quote Originally Posted by The Ghost Of The Moog
    That is such a hoary old cliche, beloved of forums, and trotted out as automatically as observations about not being able to take brothels out of girls.
    Thailand has laws to prevent foreign ownership of land. The usufructs and all that nonsense are just ways to try to circumvent the intention of the law. You are always taking a huge gamble when you try to 'own' land in Thailand.

    Is it true or not that Thailand is fundamentally corrupt in its governance processes?

    If it is true then attempting to invest in Thailand in any form as a foreigner brings with it substantial risk that does not exist in the west. Not hoary old hearsay. Simple fact.

    Trying to invest in virtually illegal land ownership is beyond stupidity.

  8. #58
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    Quote Originally Posted by BlueBlood
    Yes, misplacement of trust and very poor business decisions, naivety, and countless other things. No business man puts all their eggs in one basket let alone a basket known to be full of holes and being carried by someone who wants your eggs.
    You sound like a really clever chap...How much did you invest in Phuket?...

  9. #59
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    My dear Anaemia, you are plainly an idiot. That is not a term of abuse, it is simply an assessment of your intellectual paucity.

    Vard made a series of decisions that countless hundreds do every year here from Hua Hin to Samui, from Phuket to Pattaya and everywhere within the central area of Bangkok.

    Of those folk, thousands continue to repose in a secure and satisfying environment safe in the knowledge that their home will be theirs the next week and when they pop off on a break they won't find their children imprisoned in a fucking drain and their houses stolen from under their nose.

    Vard spent money on several properties including a large mansion for himself. Hundreds of others buy a huge fuck off property for the same expenditure.

    His only problem is that of the hundreds who have bought in this country he was selected by a mafia in Phuket to be ripped off. This crime was and still is sanctioned by the police and government whose officials have profited from it.

    It was not his fault to any degree any more than it is the fault of a victim who happens to have been burgled, robbed, gang raped or shot to death by a deranged homicidal maniac.

    His properties were bought within the prevailing law and the transactions were in accordance with national policy guidelines and practice directions as publicised by the Land Department.

    To consider that these crimes perpetrated upon Vard and his family were somehow self inflicted is the thinking of a fucking moron.

    Certainly, in the light of Vard's experiences and those inflicted upon other farang victims selected by this particular mafia no one with half a brain should buy in Phuket unless they are somehow indemnified.

  10. #60
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    Quote Originally Posted by Seekingasylum View Post
    My dear Anaemia, you are plainly an idiot. That is not a term of abuse, it is simply an assessment of your intellectual paucity.

    Vard made a series of decisions that countless hundreds do every year here from Hua Hin to Samui, from Phuket to Pattaya and everywhere within the central area of Bangkok.

    Of those folk, thousands continue to repose in a secure and satisfying environment safe in the knowledge that their home will be theirs the next week and when they pop off on a break they won't find their children imprisoned in a fucking drain and their houses stolen from under their nose.



    Bit difficult to fault corrupt officials for ripping him off on investments he was happy for corrupt officials to facilitate in the first place.
    Wasn't complaining about the tea money and "no looky" when he bought all these properties was he?

    Fuck him.

  11. #61
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    And your evidence for that is?

  12. #62
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    Quote Originally Posted by Seekingasylum View Post
    And your evidence for that is?

    The bleeding obvious, foreigners cannot own land. Full Stop. Period. End of story.
    Going to be fucking hilarious when the Dear Leader cracks down on companies that own one house and decide that enjoying the "fruits of the land" does not encompass residential use.

  13. #63
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    Quote Originally Posted by Seekingasylum View Post
    no one with half a brain should buy in Phuket
    So now you admit he has less than half a brain. Knew you'd see sence eventually.

    Quote Originally Posted by BaitongBoy View Post
    Quote Originally Posted by BlueBlood
    Yes, misplacement of trust and very poor business decisions, naivety, and countless other things. No business man puts all their eggs in one basket let alone a basket known to be full of holes and being carried by someone who wants your eggs.
    You sound like a really clever chap...How much did you invest in Phuket?...
    Not a thing. And if I did, I certainly wouldn't feel hard done by if I lost it.

  14. #64
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    Quote Originally Posted by BlueBlood View Post
    Quote Originally Posted by Necron99 View Post
    I don't get the two sides here,
    This seems to be a case of the criminal crying foul when his partner in crime does a bunk on him.
    If he hadn't illegally tried to acquire property in the name of his Teerak/Housekeeper none of this would have happened.
    Because the facts don't matter. Not when there's an opportunity to Thai bash.
    Err, so the mafia who stole from him, attempted to kill his children, threatened to kill him subsequently, the government which has failed to investigate the crimes properly, the police who have concealed evidence etc., etc., aren't fucking Thai????

    The whole fucking country is an excuse to Thai bash, you stupid fucking cretin.

  15. #65
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    Quote Originally Posted by Necron99 View Post
    Quote Originally Posted by Seekingasylum View Post
    And your evidence for that is?

    The bleeding obvious, foreigners cannot own land. Full Stop. Period. End of story.
    Going to be fucking hilarious when the Dear Leader cracks down on companies that own one house and decide that enjoying the "fruits of the land" does not encompass residential use.
    Ahh, talking out of your arse, again. Quit drinking and you might stop those tremors.

  16. #66
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    Welcome to the Buffalo Board, Blueblood...Have you been here before?...Was it this thread in particular that piqued your interest in our fair forum?...

  17. #67
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    Quote Originally Posted by Necron99 View Post
    Quote Originally Posted by Seekingasylum View Post
    And your evidence for that is?

    The bleeding obvious, foreigners cannot own land. Full Stop. Period.
    This case has nothing to do with the inability of foreigners to own land. If it did the authorities he is appealing to would probably point that out to him, and that really would be the end of story. "If he hadn't illegally tried to acquire property in the name of his Teerak/Housekeeper none of this would have happened." Maybe the land was in his Thai son's name, in which case it's possible that everything was above board. You don't really know the full circumstances, do you? Even if the property were in the boy's name and his mother felt justified therefore in doing what she did (including, allegedly, locking two kids, one her own, in a well), as the cop points out the mother/maid barely profited at all; at the center of the crime is a conspiracy of public and private (bank) officials. If the problem were foreigners being unable to own land the cops might have brought that up by now.

    It's fine to view this as a cautionary tale. It's amusing that hard cases on this board see the issue as being whether or not we should pity the poor foreigner, when it hardly matters if you do or don't. He does sound something of a dingbat, but so what? Children Padlocked In Well As Irish Father Is Robbed Of Six Houses InPhuket - Andrew Drummond The problem is that something is very rotten in Thailand, and stinking to high heaven in Phuket. When the Dear Leader you are dreaming of waves his magic wand over Phuket it isn't just going to be farangs crying. It would be interesting, and probably hilarious one day if schadenfreude is your bag, to find out exactly how much currently developed land in Phuket was ever legally acquired in the first place. The case discussed below is just the tip of the iceberg: Phuket Police Called in to Probe Trisara, Pullman Resorts in Parkland Cases - Phuket Wan
    “You can lead a horticulture but you can’t make her think.” Dorothy Parker

  18. #68
    Thailand Expat terry57's Avatar
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    Quote Originally Posted by Seekingasylum View Post


    Certainly, in the light of Vard's experiences and those inflicted upon other farang victims selected by this particular mafia no one with half a brain should buy in Phuket unless they are somehow indemnified.


    At last Thegent pens up something that is relevant but still not quite correct.

    Firstly many farang have bought houses with their Female partners in Phuket, they have lived there many years and are quite happy.

    Actually this applies to everywhere in Thailand.

    The difference between these and Vard is that they have picked their women wisely and bought a moderate gaff, not some fukin mansion and other assorted real estate that they cannot own.

    Vard was a targeted simply because he was very wealthy, hooked up with the wrong woman and was simply stupid enough to be on the radar through his many property transactions.

    He was equally stupid because he played all his cards into Thailand and bet on something which at best was a 50/50 bet.

    All farang who play the property game in Thailand place the same 50/50 bet.

    50 % the bint is a good one and stays with him and 50% he has fuked up and chosen the wrong one and she leaves taking all his shit.

    The talk regards,

    Oh I'm Ok because I have a chanote or an ufufruct is simply to make the farang feel better but in reality its not worth a pinch of shit when push comes to shove in good old corrupt as fuk Thailand.

    Oh yes, that ufufruct is rock solid when Somechai the hit man comes round.

    The smart guys on this forum say that if things get ugly with their bint they will just walk out and not worry about the house.

    They have budgeted that money, so its no big deal.

    Smart ones this lot, I'm afraid Vard was one dumb fuk. He may of been cashed up at one stage but unfortunately his wealth did not extend to brain power and good old common sense.

    It really is a case of " bad fukin luck mate, suck it up."

  19. #69
    Thailand Expat terry57's Avatar
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    Quote Originally Posted by Seekingasylum View Post


    Err, so the mafia who stole from him, attempted to kill his children, threatened to kill him subsequently, the government which has failed to investigate the crimes properly, the police who have concealed evidence etc., etc., aren't fucking Thai????

    The whole fucking country is an excuse to Thai bash, you stupid fucking cretin.


    So if you know that Thailand is corrupt as fuk and I know that and Jesus Christ knows that and most people with an arse hole know that then why did your fuk knuckle besty mate consider that buying six houses and a mansion in Thailand is a good Idea ??

    Greed my bent and fuked up mate, greed won nit, he wanted to make a killing in real-estate and it all went tits up.

    Tough fukin shit EH.

    Further more, there are many thousands of farang living happily married to Thai women living in the gaff they have built and generally having a very nice life.

    Cases like this are rare but a rather great way for all farang to beware of what can happen in monkey town.

    Thailand is a gong show mate, smart informed normal people do not go to Phuket and buy six fukin houses.

    Now fuk off and empty that colostomy bag of yours, the stench is over whelming, I can smell it from here.

    The board has spoken Thegent, you are once again pissing up the wrong tree.

  20. #70
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    Quote Originally Posted by Looper View Post
    Quote Originally Posted by The Ghost Of The Moog
    That is such a hoary old cliche, beloved of forums, and trotted out as automatically as observations about not being able to take brothels out of girls.
    Thailand has laws to prevent foreign ownership of land. The usufructs and all that nonsense are just ways to try to circumvent the intention of the law. You are always taking a huge gamble when you try to 'own' land in Thailand.

    Is it true or not that Thailand is fundamentally corrupt in its governance processes?

    If it is true then attempting to invest in Thailand in any form as a foreigner brings with it substantial risk that does not exist in the west. Not hoary old hearsay. Simple fact.

    Trying to invest in virtually illegal land ownership is beyond stupidity.
    There are plenty of safe ways of investing in Thailand if one is intelligent enough to evaluate them.

    If one thinks one is going to potentially lose an investment, don't invest at all - don't have it in your portfolio, it's binary. But don't invest an amount that you can afford to lose, or whatever the daft cliche is.

    If the cliche replaced the word invest with 'gamble', then fair enough.

  21. #71
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    ^
    What makes it more of a puzzle is why he did not just buy a decent pad to shack up in sunny Foooket, and enjoy all the hedonism, while investing the bulk of his fortune in places that actually have enforceable laws that protect you instead of being loaded against you; and other silly trappings of civilization.

    I can think of a few places where he would have probably done very well in the real estate market without anything like the risks he faced in LOS....

    I supposed after the Irish bubble and absurd prices he left behind, Foooket must have seemed like a steal.....(bit of a pun there mmm)

    Still feel badly for the guy. I hope he gets at least some of it back...mistake or not eh.

  22. #72
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    ^

    That's the Million dollar question innit.

    Why did the gnome put it all on Red.


    Easy answers is, he was a greedy bastard who expected to make a killing.

    On the other hand, if he would of followed the rules where farang can own Condos he could of purchases some prime Condos with all his wealth and now be making a nice wedge renting them out.

    My mate has bought 4 of them on lower Sukumvit and is having a giggle.

    He ain't got no worries. Thing is he ain't fukin stupid.
    Last edited by terry57; 08-03-2015 at 11:16 AM.

  23. #73
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    Quote Originally Posted by koman View Post
    ^
    What makes it more of a puzzle is why he did not just buy a decent pad to shack up in sunny Foooket, and enjoy all the hedonism, while investing the bulk of his fortune in places that actually have enforceable laws that protect you instead of being loaded against you;
    .
    I think the Gent's point is that there are laws that protect property owners - but if crooks are hellbent on stealing your belongings, then there has to be restitution of the assets and punishment of wrongdoers This isn't a case of caveat emptor.

    This discussion reminds me of situations where girls who have dressed in tarty clothes get raped - and people say the girl wouldn't have been raped if she hadn't somewhat brought it on herself. We all know we shouldn't say it - she wasn't asking to be raped, but it also seems like common sense.

  24. #74
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    Quote Originally Posted by The Ghost Of The Moog View Post
    I think the Gent's point is that there are laws that protect property owners - but if crooks are hellbent on stealing your belongings, then there has to be restitution of the assets and punishment of wrongdoers
    Remove just one leg of the three-legged stool- or triad- of cops, land officials and banker(s) that enabled and executed this fraud and it likely couldn't have occurred, at least not in the form it did. By the same token, investigators should be able to expose the entire scheme and its perpetrators rather easily by gaining the cooperation of just one of the conspirators. Whether they have the will, not to mention the permission, to do so is another question, and of course even with solid evidence the court case could be delayed practically forever.

  25. #75
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    Quote Originally Posted by The Ghost Of The Moog
    I think the Gent's point is that there are laws that protect property owners - but if crooks are hellbent on stealing your belongings, then there has to be restitution of the assets and punishment of wrongdoers This isn't a case of caveat emptor.
    Fair enough, but my point has been that if he was switched on and did his due diligence he would have been alerted to the fact that the system is riddled with corruption and therefore the laws themselves don't offer much protection. Laws only work if they are enforced by a system that has some integrity.

    In that sense it became very much of a caveat emptor. I mean would you buy a building and open up a jewellery store in the Detroit ghetto or South Chicago, just because the building is cheap and there are "laws" to theoretically protect you?

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