You are obviously smarter than me buying and selling houses here without owning the land. I don't even want to deal with that headache. As for the Thais selling to the foreigners, there is some technicality of a building being 51% own by Thais. As for buying in America now, I wouldn't do it. I was lucky enough to buy in 2011. As for the mother of all recession, I am not sure about it. We'll see how it plays out. Right now, I am sitting on my cash and just rent.
I'm talking about a condo. It is not a discount, it is 30% less than a foreigner rate. I looked at the prices for Thais and foreigners and it was a 30% price difference for all new developers. As for buying in America, it is very expensive. I know the news, but I would choose to buy in America than Thailand any day of the week.
I have a house in Los Angeles that generates enough rental income for me to pay my rent here. If I buy, I would do it in my home country as it is protected by the laws that would benefit me. Buying here doesn't make sense as a Thai person would get the same product 30% less. The Chinese also likes to launder their money in Thailand and they don't really care if the unit is rent or not. So to answer your question, I can afford to buy here. I'm just lucky to buy in America where my ROI is better than Thailand.
I just read his edited post. Well, he was playing with fire. Multiple border bounce, overstay, and no return tic. You gotta be smart when you play with fire. Now there is a record on his passport. He'll have to get a proper visa.
that was decades ago. Now they need the American factories that moved out from China to Vietnam. Also, since the Chinese are invading the Vietnamese water, they need us to fight to the Chinese.