Fancy thinking that you have to apologise for bringing a thread back on topic.
Arsenal and frequent seem to enjoy their little spats.
Sometimes I wonder if they are friends who are having a joke at our expense.
Fancy thinking that you have to apologise for bringing a thread back on topic.
Arsenal and frequent seem to enjoy their little spats.
Sometimes I wonder if they are friends who are having a joke at our expense.
..........and that's the way it is.
francois (December 26th, 2018), lonelywombat (December 26th, 2018)
More than half the condo's in Yensabai are owned by farang. Anne has a ruling out[made by herself] that all condo owned by farang MUST be sold to Thais only in future.Originally Posted by gerefan2
Wombat : an Australian marsupial that eats,roots and leaves
Why is that lonely? Another way to scam a farang?
Just goes to show that renting is favourite.
No, the law is 51% of condos sold in a building must be Thai owned. There is no other law that I'm aware of.
b
A foreigner cannot buy a house outright however, he can set up a company that can own the house as long as a company director is Thai and holds in theory a 51% stake......The whole thing can be a bit dodgy the same method can be used to buy a condo where the only available units are part of the must be 51% owned by Thais rule.
"In the land of the blind the one eyed man is king"
To be precise, the law is that no more than 49% of condo units in a condo building may be owned by a non-Thai. Thais could own 100% if there are no non-Thai purchasers
That's been proven not to work in the courts many times. Just ask many farangs who have gotten kicked out of their newly built house, and ended up in court with their ex-wife.
The farang can own the house itself, but can't own the land it's built on. He can get a 30 year lease on the land signed by his wife / husband, but even that doesn't usually hold up in court if there's a divorce.
travelerjim (December 28th, 2018)
Quite right Gerefan. I should have written "renters" rather than "owners" in regard to the farangs who live in these townhouses.
Just another reason why I love living in Thailand
travelerjim (December 28th, 2018)
Every farang i know that lives in a house in Pattaya has been robbed multiple times. Security is the main issue with these homes. The police living nearby does not help in this city.
Get a couple strong, healthy, 30kg dogs and your security issues magically disappear.
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