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Retirement in Thailand
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tedkarma



Joined: 17 May 2004
Posts: 1598
Location: The World is my Oyster

PostPosted: Sat Nov 26, 2005 9:12 pm    Post subject: Reply with quote

Volodiya wrote:
As an example, in Bangkok, the most popular new condo projects are the ones offering small apartments (32 sq meters) that sell for just about $10,000 USD, according to a recent article in the Bangkok Post.


Actually a decent price, but 32 sq meters is only about 350 feet. So, unless you buy three or four of them - you're not getting much living space.

Yeah, I think you can certainly beat Western prices here - but Phuket is certainly skewed towards the expensive side.

Typically though - rents here tend to be 0.5% of value or less - and in most places in the States tends to be about 1%. You get a higher net here though as property taxes a very low - though you would still come out ahead invested overseas - still investment-wise the math is hard to justify.

All that said, Westerners seem to have an attachment owning what they live in (I do too!) - I WOULD buy if I found the right situation. I'm thinking condo overlooking the new Mission Hills Golf Club . . . Cool
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No Moss



Joined: 15 Apr 2003
Posts: 1995
Location: Thailand

PostPosted: Wed Dec 07, 2005 2:53 am    Post subject: Reply with quote

Just did a trip to Bangkok and Pattya, and I'm going back later this month. Like Volo, I look for an excuse to go to Thailand.

I'm looking for a place in Thailand to retire in late next year. I'd don't really like Chiang Mai--it's great but too far from the action. Phuket is a bit too touristy for me. Bangkok is a possibility, as is Pattaya. Has anyone spent any time in Hua Hin (the Thai side, not the five-star side)?

I'm lookin' for suggestions.
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sojourner



Joined: 28 Jan 2003
Posts: 738
Location: nice, friendly, easy-going (ALL) Peoples' Republic of China

PostPosted: Wed Dec 07, 2005 9:45 am    Post subject: Reply with quote

No Moss,

Hua Hin is really great ! It's only about 2.5 hours from Bangkok, by express bus. Plenty of good, reasonably-priced restaurants, especially those on the jetties and on the night market street (just off the main street).

Many Scandinavians go there, especially elderly couples - not sure whether they are mainly permanent residents on retirement visas, or not.

Next time that you're in Thailand, spend a few days in Hua Hin. A good cheap place to stay at is the Subhamitra Hotel, a 1.5 (2 ?) star establishment just off the main street. An ac room, with en-suite, would cost betweeen 15-17 USD per night. The ph. contact is : 032-511208 or 511487. When you are in Hua Hin, visit some of the real estate offices. Yes, some places are pretty expensive, but others are quite reasonably-priced. Check my earlier posting to this thread when I said something about flats costing around 40 K. USD ! There could even be cheaper places !

In another recent posting, you mentioned something about cheap guest houses in Bangkok. One other place that you might want to consider is the Royal Hotel ( 2-star), which is about 5minutes walk away from the Khaosan Rd area. If you book through "Asiarooms", the tariff will probably come to around 20-23 USD per night - also includes a v.good Western-style buffet breakfast.

I much prefer Thailand to China - can't wait to get to the Kingdom as soon as I have finished marking the exam papers, in a month's time !

Peter
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mep3



Joined: 05 Feb 2003
Posts: 212

PostPosted: Fri Mar 31, 2006 5:53 pm    Post subject: insurance for retirees Reply with quote

What do people who retire in Thailand do for health insurance when/if they get to be really old? (no offense to the lucky buggers) I seem to remember most of the expat insurance plans I've seen have cut-off ages, something like around 65 or 70. Thx ... M
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tesolitis



Joined: 23 Jun 2004
Posts: 37
Location: canada

PostPosted: Sun Apr 02, 2006 3:33 pm    Post subject: cost of living Reply with quote

I refer to:
Quote:
Volodiya
PostPosted: Sun Oct 23, 2005 4:25 am
Just to add a little more to the "price" perspective, I've been shopping things that are somewhat high dollar by some people's standards. But, there's lots cheaper stuff available, for those who would be interested, in Thailand.

As an example, in Bangkok, the most popular new condo projects are the ones offering small apartments (32 sq meters) that sell for just about $10,000 USD, according to a recent article in the Bangkok Post. I think the range of properties available, and prices, is just about limitless.


Hi hello ...
I am new to the thread, considering Thailand for retirement (after experiencing the crime scene in central Americas), 800 KBaht income are too much for me. If apartments cost some u$ 200/month (thread info) I wonder why so much income is needed (26 KBaht/mt or 800 KBaht/year). Yes, it's the rule, but do I need to spend it? Does Thai Gov check if I _spent_ it all? Or is it practically an initial start-up requirement, after which one simply proves that 800k are there? I am reasonably sure to be able to maintain the 800k if I don't have to spend a minimum of 800k per year. (There are countries which demand a minimum spending per day!)
Further, does it have to be Baht or can I deposit in and keep a different currency? - of my choice.
How long are the visa processes (I am single and retired 65+ male).
If I chose the 90 days run, how many days do I have to cover the staying abroad expenses and what nearby countries are suitable? Is there a repetition limit?
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kenkannif



Joined: 07 Apr 2004
Posts: 550

PostPosted: Mon Apr 03, 2006 7:37 am    Post subject: Reply with quote

Just show the 800K once a year, it doesn't need to stay in there....statically.

As far as I know it has to be in a Thai bank so most likely in Baht (although you might be able to get away with Dollar in like the HSBC bank).

Visa extension shouldn't take more than a week or two if that.

When you do 90 day runs you only have to leave for like a minute and then come right back in and get 90 days on entry.

No repitition limit as far as I know...unless you give them a reason to get funny with you.
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tesolitis



Joined: 23 Jun 2004
Posts: 37
Location: canada

PostPosted: Tue Apr 04, 2006 10:41 pm    Post subject: deposit 800k Reply with quote

thank you, may be some other person has tried the foreign curreny deposit approach. I checked on the bank mentioned somewhere in the thread: The spread between buy and sell was lowest for the Swiss Franc. So this migfht be a good currency choice.
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kenkannif



Joined: 07 Apr 2004
Posts: 550

PostPosted: Wed Apr 05, 2006 5:45 am    Post subject: Reply with quote

^ Thing is here mate it's hard to be 100% sure of anything. I reckon it's doable in a foreign account....but you'll not really know until you try as a lot of this kind of stuff is purely down to the Immigration Officers discretion, or how he perceives the law to be.
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mep3



Joined: 05 Feb 2003
Posts: 212

PostPosted: Sun Jan 14, 2007 2:20 am    Post subject: ... Reply with quote

Does the visa that comes with parking the 800,000 baht get you the same access to the universal health care system there that a Thai citizen gets?

Thx .... mep
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tedkarma



Joined: 17 May 2004
Posts: 1598
Location: The World is my Oyster

PostPosted: Mon Jan 15, 2007 4:37 am    Post subject: Re: ... Reply with quote

mep3 wrote:
Does the visa that comes with parking the 800,000 baht get you the same access to the universal health care system there that a Thai citizen gets?

Thx .... mep


I doubt it - and even if you got it, I am not sure you would want it. Quality of care might be an issue?

I purchase an independent policy that runs to age 70 - and allows for continuation after that age (Tis a while off . . .). Though I am not sure if I will just self-insure at that age or not, depends on the cost.
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