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Stephen *******
This is a summary of
Stephen *******
's contributions to the platform. They have posed 1 questions and added 77 comments.

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COMMENTS

Stephen ********
@Mark ********
charges,, its all bank charges through overseas banks, usually with lower exchanges rates aswell. A Thai bank is very convenient if you spend a fair bit of time there.
Stephen ********
My wife and I both hold dtv, I travel back to London to work, so i have a 90 day travel insurance. I do my wife's health insurance through AXA, its about £100 per month.
Stephen ********
No, they only came out last summer.
Stephen ********
@Harry *******
just out of interest, why do you think the dtv visa will stop? What's the problem with it?
Stephen ********
Anonymous participant 128. I would undoubtedly get more back than i paid, that's knowing when, where and what to buy firstly though. However, I don't need or want to sell, it makes me 400k plus pa. After 9 years, it would have paid for itself and can be lived in for the rest of mine or anyone's days for nothing. In that same first decade, your rent will double at least and then double again over the next decade or two. I'm not saying there is massive money in it, but it makes sense if you want to live there, depending on your age as well. As I said, it's actually really cheap to buy and live, even in phuket, which is generally expensive for Thailand, in comparison to where i come from. That same condo in my home town on the outskirts of London would range from anywhere between 15m to 50m baht.
Stephen ********
@Bob *********
obviously I don't understand the market😂. I've been a landlord for 40 years. I'm the guy you are paying each month!
Stephen ********
The last property i bought, i paid about 5 million for in phuket some time ago, its been rented for 40k a month (I'm actually having that one now). However, had i left it rented, it pays for itself in about 9 years overall.

Something similar in London would take more than double that time. If I'd have invested the same amount of money instead, even at 10% profit, and remember, I am very heavily taxed on that 10% in the west. It wouldn't even have paid the rent.

In short, if your relatively young and want to live in Asia, you can purchase a home and pay for it easily in a decade of equivalent rent. You can't do that many places, you also get do your home how you want it.
Stephen ********
@Dany *******
I'm not going to explain that one to you. I own multiple property in both phuket and London and I've made my entire fortune and kept myself and family for over 40 years from this trade. All l will say, is your thought trail is wrong.