An acquaintance told me many stories about his plans to retire as a lineman and live in Thailand.
Around 1990, he purchased a home in Thailand and had two girls who lived in the house.
He would go to Thailand 3-4 times a year to drink, PT and F like a madman.
When in country, he stayed in the master bedroom and they cooked/ cleaned etc.
When he was not their they simply lived rent free and maintained the home and paid utilities.
Evidently a non Thai citizen cannot own land so some are able to lease land for 99 years or they can own 49% of a home.
Evidently as a 49% owner, they can simply vote you out and sell the home to themselves or for cash.
I have another friend in the middle of divorce who want to be a digital nomad, leave the US and live in Thailand while still working their IT job.
At face value it seems perfect.
Thai developers built too many condos so you can rent a nice 3 bedroom condo for $300-$400 while making your US income.
Evidently Thailand has a culture in Thailand of fleecing retirees....
I figured I'd post this video and see if any of you have any first hand knowledge of friends / family retiring in Thailand.
Is this video accurate?Thailand
Around 1990, he purchased a home in Thailand and had two girls who lived in the house.
He would go to Thailand 3-4 times a year to drink, PT and F like a madman.
When in country, he stayed in the master bedroom and they cooked/ cleaned etc.
When he was not their they simply lived rent free and maintained the home and paid utilities.
Evidently a non Thai citizen cannot own land so some are able to lease land for 99 years or they can own 49% of a home.
Evidently as a 49% owner, they can simply vote you out and sell the home to themselves or for cash.
I have another friend in the middle of divorce who want to be a digital nomad, leave the US and live in Thailand while still working their IT job.
At face value it seems perfect.
Thai developers built too many condos so you can rent a nice 3 bedroom condo for $300-$400 while making your US income.
Evidently Thailand has a culture in Thailand of fleecing retirees....
I figured I'd post this video and see if any of you have any first hand knowledge of friends / family retiring in Thailand.
Is this video accurate?Thailand