"Retiring" in Thailand?

Discussion in 'Financial Independence, Retire Early (FIRE)' started by Terry_w, 24th Mar, 2022.

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  1. BigL

    BigL Active Member

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    A rented property doesn't increase in value. Land prices do go up in Thailand (in the right areas), it's also had no covid price increase like Australia or the US.

    I have pets, I like some form of backyard, I like modern / western style interior, I like to modify my house as I like... Find me a rental that fits those categories in inner Bangkok where I can live for 5+ years...
     
  2. skater

    skater Well-Known Member

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    I'm not 100% sure on this, but I thought that you had to be partners with a Thai national to buy in Thailand.
     
  3. Baker

    Baker Well-Known Member

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    I like bread
    This you can also rent.

    *waits for mods*
     
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  4. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Non-Thais can own strata units but cannot legally own land usually. But there are various ways around this such as companies and 30 year leases.
     
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  5. datto

    datto Well-Known Member

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    But that’s only about 150 kw of power in total. Well, I suppose Thais are pretty light people and won’t need any extra power. Me love you Commodores long time!
     
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  6. FredBear

    FredBear Well-Known Member

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    Actually it was an export special using Opel's 2.6 straight 6:

    Top 10 Australian exports you probably didn’t know about

    Originally exported to Singapore and Malaysia, looks like this example has found it's way to Thailand. Singapore's rules about older cars means older examples get exported to both Malaysia and Thailand.
     
  7. spludgey

    spludgey Well-Known Member

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    Malta? No way!
    It's got the highest population density out of any real country in Europe.
     
  8. Squirrell

    Squirrell Well-Known Member

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    I see it as a 6 month a year thing. Quarter the cost of living so your retirement funds last a lot longer. Defo considering it for ages 55 to 65.
     
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  9. Mike A

    Mike A Well-Known Member

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    the 6 month on / 6 month off i cant see people saving much or potentially even worse off.

    the biggest one is accommodation. where do you stay for 6 months in australia ?
     
  10. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Yes that is the dilemma I am facing, you would need to main a property here and one there if you have furniture and belongings. I am slowly getting rid of my crap but still have heaps.
     
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  11. Mike A

    Mike A Well-Known Member

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    yes and if living with your mum and dad when you are 55 for 6 months means a good retirement then ill give that a miss
     
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  12. geoffw

    geoffw Moderator Staff Member

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    Absolutely agree.

    They've passed away.

    I really enjoyed Thailand when I was there some years ago - but I could not handle Bangkok. I can't imagine it's become more pleasant in 35 years. Chiang Mai was much more to my liking in those days.
     
  13. Squirrell

    Squirrell Well-Known Member

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    Easy, buy something thats easily airbnbable. Eg a townhouse or apartment in a popular area like sunshine coast or byron.
     
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  14. Squirrell

    Squirrell Well-Known Member

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    Or even better. Go halves with someone who has the same idea. Alternate who stays when the other is in thailand. Do for 5 years then sell.
     
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  15. virgo

    virgo Well-Known Member

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    I have been reading of the Chinese coming to Thailand to buy property esp. condominiums...this is a trend worth watching.

    Esp. those from 1st and 2nd tier cities, the average price would seem so cheap for them...google youtube and you will see plenty of these "holiday homes" snapped up by the Chinese...

    besides the flying time say from Shanghai to Bangkok is what ? 4 hours...

    80% of condos in Thailand sold to foreigners, 50% China
    Chinese bet on properties in Thailand ahead of COVID recovery
     
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  16. GoldCoastBound

    GoldCoastBound Well-Known Member

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    You would definitely not need a place there, only rent there for 6 months, a different location each time if you wish that came with furniture included...many rentals over there have that option
     
  17. virgo

    virgo Well-Known Member

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    Terry
    Here's a suggestion...i have done a rough check ..1 one bedder say in chiangmai is about 2 mil baht (AUD 80K)...

    eg beautiful Dcondo below (very popular with uni students)
    D Condo Sign - Chiang Mai - Chiang Mai
    (the strata is dirt cheap)

    You gather 2/3 like minded investors..each one put in 25K ..put all in title...

    Then do time share ..each investor can spend say 3 months free ...when empty, just airbnb it!

    How's that?:p:p
     
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  18. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    I wouldn't share ownership myself, but would let friends stay in my place when not there. It is probably better to rent and invest the money elsewhere, but I can borrow to buy with the repayments similar to the rents and with values going up it would work out better in the long run to own perhaps.
     
    BigL likes this.
  19. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    I don't really need one but it would be good to have a place to leave computer equipment and clothes etc And good to have an address.
     
  20. virgo

    virgo Well-Known Member

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    Hi terry

    just sent you a PM:p oops can't start a conversation ..have you locked yourself out?
     

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