Will the proposal to allow foreigners to buy land in Thailand be canceled due to concerns over the LTR visa?

Imagine they allow foreigners to buy land and 6 months later, the rules change and foreigners that own a land in Thailand must sell their land within 3 months or will have to forfeit it. Guess how much locals are willing to pay for that piece of land owned by foreigner? 30% of market value? 🤣🤣🤣

Good 👍

Circus 🥸

There are plenty of countries that are happy to have foreigners invest in, open businesses, own land etc…Cambodia looks more and more enticing as the days go by

the trouble is flood of drug money fuelled Chinese buyers means everyone loses out. In London, we let anyone buy anything, now the Russians own masses and prices for Londoners, are sky high. We all lose out because Thailand wants the foreigners cash but not the foreigners. Every scheme will be abused in a country where 'under the table' buys anything.

Rule changes and new/dropped plans every 10 minutes doesn't help boost trust in any scheme either . They also need to boot out their advisors as they are so out of touch

The Thai law on foreigners not buying real estate, is brilliant both for Thai's and foreigners

I currently reside in Dominican republic, equal stage of development as Thailand.. average salary in Dr is 100$ lower per month

In DR it's free market

Foreigners are wraging havock on the real estate market and prices here.. it's way more expensive than Europe..

You need a bare minimum of 1500$ to live here per month, without car, telephone and in the cheapest accomodations, trying to budget your spending every day, no exceptions.. and only eat outside two times a month.

Apartments outside slum starts a 100k usd, and nice houses 500k usd up to millions

Rentals starts from 300$ per month for dated one rooms, unless you want to live too far from civilization.. something decent starts from 700$ plus utilities

The result of this free American market is

Thai bdp 7233$ per Capita per year

DR bdp 8603$

So Dr is 15% higher on GDP.

The buttom 50% of population income / wealth

DR 2500$ per year per Capita

Thai 3750$

So the buttom 50% of population in Dominican republic have 50% less income with free market!!!

DR have 30 in safety index

Thai have 62

So double the crime here in DR

Both food and housing is 5 x times more expensive compared to Thailand

It would be insane to ruin Thailand, for foreign investor sharks to do wealth transfer and increase inequality to unsustainable levels

Instead just pay the very affordable housing and 😁 while your cashflow goes to locals

Rich foreigners will never invest 10 millions in thailand .

No one .

Who want loose all him money in a country where the law are changing daily 🤣🤣🤣

Chinese maybe ?

As all the political boss in thailand are chineses 😉

Anyway they realy think farang are stupid ???

But 1 rai , no more..And invest 10.000.000🤣🤣🤣🤣🤣

Thaïlande want your money , but dont want you