Quote:
Originally Posted by Nitwitty
Quite a number of Farangs finished their savings and have to turn to their embassy for help to send them back their country and to arrange for care center for them at old age. Quite poor thing also.
|
I believe there're minority cases where the farang is kena con by Thai girl and went broke.
This I can empathise.
However mostly are chee hong kias and alcoholics that led to their downfall.
Bangkok is no longer a cheap place to retire with the exception of Northern and "rural provinces".
Those holding Thai property and THB currency for long may want to take note that there'll be an exchange rate loss in the distant future.
Those who don't intend to convert their holdings back to SGD can ignore.
Let me state some historical Forex rates before people think I talking cock.
In 2004 rates are 23.XX. Current 2014 rates are 25.XX.
Approximately 10% exchange rate loss!
Your property must have capital gains of at least 10% to break even.
Please don't think any property in Thailand can make money.
