New company ownership rules might affect you

Ask here about the pleasures and pitfalls of buying, selling or renting property and real estate in Hua Hin. Building, design and construction topics welcome. Commercial or promotional posts for real estate companies or private properties are forbidden.
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caller
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Post by caller »

This has also been reported:

That mood is evident in a 12th-floor conference room at the headquarters of Bangkok Bank, where Vongthip Chumpani, an adviser and former vice president at the bank, expresses her frustrations about certain types of foreigners who come to Thailand — and tend to stay.

"We are getting a lot of weird retirees here," Vongthip said. "They can't survive in your country so they come here." ...

Feeling the strain of the tourist influx, the Thai government recently announced a new approach: the country would no longer focus on the quantity of tourists, but instead target "quality" — read "wealthy" — tourists.

(With thanks to T-UK)

Welcome to LOS, if you are rich!

Who will buy the average farang targeted developments if this aim is fulfilled?
Talk is cheap
Burger
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Post by Burger »

canada1 wrote:
Sorry you dont understand, I invest nothing in thailand.
But it was really wonderfull to see just how developers would treat people who had bought land under the company scheme which of course you have defended from day one.
Really, so what did you mean by the following post on 13th April ??
canada1
Location: canada/us/hua hin Posted: Fri Apr 13, 2007 11:38 am Post subject:
________________________________________
Hi Burgher

all the residents on our estate have as advised registered companies in order to buy their properties, not one to my knowledge actually does any buisness and pays around 10,000bht per annum for tax and fees.

Are all our investments safe or not and please dont tell us about the lease option, I bought to own and not lease for 30 years.

I think you are just a wind up merchant/liar/troll (I think I know who you are by the way, but can not prove it.)

I will ignore your ramblings from now on, you are a fraud.

I wonder if ADMIN will do anything about a troll like you ??

Burger
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Post by canada1 »

Just answer the questions burgher.

You can call me whatever, but i asked the question quite rightly.

What is the attitude to people who bought under the company route that you strongly supported, you have answered the question.

Please dont call me a liar, I am sure you would not like me to show your posts regarding company ownership.

Burgher, life always has a way of paying you back. This i strongly believe.
for every foul deed you do to another it comes back at twice the level,

The fact is like it or not, you have encouraged people into property deals that clearly were unlawfull. Farang cannot own land. Full Stop.

Rant away nobody cares exept your buddies.

ST

If the mods think i am wrong then feel free to suspend my entrance to this site.
Burger
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Post by Burger »

I won't play your little games anymore.

You're been proved a liar and a troll.

DNFTT

Burger
Wanderlust
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Post by Wanderlust »

canada1,
I advise you to cool your posts down - none of us on here knows who you are or what (if any) problem you or any acquaintance have had. However you obviously have taken issue with something Burger has said on here, whether in this thread or another. Both you and Burger should address the post and not the poster, and give your opinion, and if you feel something has been misrepresented put across that view using sound facts rather than accusations. As far as I am aware, Burger has stated what the current position is regarding the voting rights changes made recently, but everyone on here has to give some leeway on that as for one thing it still hasn't passed into law, and for another the implications for foreigners with companies still isn't completely clear. I doubt even lawyers would be able to give a completely clear picture at the moment.

Burger,
I would advise you not to call another poster a liar as that is both very hard for any of us to judge and is also very close to breaking the Terms and Conditions of this forum (number 12 to be exact).

I suggest both of you continue this particular discussion via PM or elsewhere if there are personal issues involved, which appears to be the case. Otherwise kiss and make up and continue with a civil discussion on here, which is a useful topic for many. :thumb:
Burger
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Post by Burger »

Wanderlust wrote:
Burger,
I would advise you not to call another poster a liar as that is both very hard for any of us to judge and is also very close to breaking the Terms and Conditions of this forum (number 12 to be exact).
WL If you read my post at 7:43 pm, the proof that he is a liar is there in black and white. It's not difficult to judge at all.

Anyways, I'm gonna knock this forum on the head from now on, it's a great website but too many trolls are making me feel I'm wasting my time on here.

Good luck to you all, adios.

Burger
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Post by Norseman »

I second that Burger.
Canada1 is a troll!!

As someone said earlier, you'll never hear the good stories but the bad ones.
I am still living in my own house, without any kind of problem.
Bought the house in 2004, moved in the same year, and are happy with it.
It seems to me that the people without a house here are the sceptic ones.
The ones who have their houses never complain.
I intend to live forever - so far so good.
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Post by ozuncle »

Agree Burger and Norseman.

Time to cool down and not let the D Heads upset us.

Take care and enyoy the rest of your holiday with your family and friends.

:cheers:
You only live once.
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Post by Jockey »

You may write me down in history
With your bitter, twisted lies,
You may trod me in the very dirt
But still, like dust, I'll rise.

Does my sassiness upset you?
Why are you beset with gloom?
'Cause I walk like I've got oil wells
Pumping in my living room.

Just like moons and like suns,
With the certainty of tides,
Just like hopes springing high,
Still I'll rise.

Did you want to see me broken?
Bowed head and lowered eyes?
Shoulders falling down like teardrops,
Weakened by my soulful cries?

Does my haughtiness offend you?
Don't you take it awful hard
'Cause I laugh like I've got gold mines
Diggin' in my own backyard.

You may shoot me with your words,
You may cut me with your eyes,
You may kill me with your hatefulness,
But still, like air, I'll rise.

Does my sexiness upset you?
Does it come as a surprise
That I dance like I've got diamonds
At the meeting of my thighs?

Out of the huts of history's shame
I rise
Up from a past that's rooted in pain
I rise
I'm a black ocean, leaping and wide,
Welling and swelling I bear in the tide.

Leaving behind nights of terror and fear
I rise
Into a daybreak that's wondrously clear
I rise
Bringing the gifts that my ancestors gave,
I am the dream and the hope of the slave.
I rise
I rise
I rise.

By Maya Angelou


[/i]
canada1
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Post by canada1 »

I have to say how pleased I am that for the last 2 years you have been happy with your house,

Of course there is the argument that to date no one has lost their home and lets hope that remains the same.

But there comes a time when the lies about ownership have to be exposed and the truth told, It was and still is ileagle to own land through the company route using nominees and holding voting rights over these said nominees.

You also of course risk breaking the land code act.

I simply asked where did the statment come from IE tuesdays meeting as i cant seem to find this report anywhere and I am also sure this does not apply to house ownership.

I am not for one second a troll, I have made points which are very valid and fully expected the backlash from certain posters in defence of the housing situation.

People have for a while been shouted down on this forum regarding property and have taken a back seat, but be assured there are just as many if not more who know the reality of the situation at present.

No amount of false reporting can change that, in fact I would argue that some people have set back confidence in the housing market with their constant rants at anyone who has a different perspective.

Lets hope that one day the property situation is for once and for all sorted out, I honestly do not know anyone who wants to see retirees or anyone else lose their investment.

To suggest anyone would like this to happen could of course only come from the mouth of a fool.

ST :cheers:
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Post by Farang »

Wanderlust wrote:canada1,
I advise you to cool your posts down - none of us on here knows who you are ,,,,,
Surely you are joking? If not, let me guess: Merchant of Virgin.
,
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Post by hogus »

wowow...seems I passed a lot in the last 24 hours? :shock:
Nice crossfire, ladies!
What would it be for a boring morning (or even life) without HHAD and this real-estate nonsense?
...and the poem is the absolutely highlight...now this discussion gets more and more an intellectual touch, isn't it? :D :D :D

By the way, Norseman, I've rented here a house since 1999 and I also feel very well.
These feelings still becomes increasingly by the fact, that I could keep my property in Europe and are able to earn in this way enough additional money by proper (!!!) investments to stay for free in TH.
I think there is really no reason to discuss who has to feel happier now, right?

My point is the following:
So long TH doesn't treat me as an investor in the same way as they do it for their own citizens, I can't see a logical reason to invest 1 Baht into any house-property or other things.

I think it's my right to get the same ownership as a Thai, because I have to pay the same or even higher more price!
I can't see, that a developer or real estate agent offers me special and cheaper more conditions in regards of the fact that I can't have the same ownership as a Thai.
IMO it's a bad joke, that these people have the face to offer land & houses for millions of Baht to foreigners (and not just to rich Thais!), and try to tell them that they must "circumvent" the law by company-, leasing- or girlie-route.
The greatest and newest idea is, of course, to run every 5 years to your landlord, if you used the leasing-route, and beg for another renewal, so that the lease doesn't drop below 25 years!
... but, these gentlemen want to get the same money for this bullshit as I'd become a real owner, huh?
Wtf ??? ... :guns:

I’m absolutely agree with the negative statements from the different Chambers of Commerce in view of the government-signals to foreign investors as I posted before, and I feel also very disappointed, that many “compatriotsâ€
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Post by ozuncle »

Canada1
I have to correct you.
Noresman said 2004.
You said 2 years.
Wake up its 2007 !!
And a very good year.



(for some of us.)
:thumb:
You only live once.
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Post by Big A »

If you have a company and are sitting on land I think you should consult a lawyer or use your own sound business mind and restructure your company making things as bullet-proof as possible. This is so you can pass scrutiny if and when it happens.

For those of you who don't know, the Thai government keeps track of all the companies they know about on a computer database. By searching using unique information, registration numbers, accounting/tax reports, company names etc. they can pull up your file of record so to speak. It is a case of you can run but you can't hide.

While some folks may be flying under the radar screen realistically (if this is you) don't count getting away with it forever.
If the job is big call the Pig
canada1
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Post by canada1 »

I agree with Big A statement 100%

I have been called a liar, but i would not post something regarding the thai law that was untrue.

There are some people who post things that are utter rubbish and without fact.

This has happened on numerous occasions on this site IE you can lagally own one rai,

I also have to disagree with,

Quote.

Burger has stated what the current position is regarding the voting rights changes made recently, but everyone on here has to give some leeway on that as for one thing it still hasn't passed into law, and for another the implications for foreigners with companies still isn't completely clear. I doubt even lawyers would be able to give a completely clear picture at the moment.

Nonsense, go see a real lawyer and he will give you the truth. and as most know this is NOT the current position regarding voting rights.

ST
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