Why Expats Have ZERO Security in Thailand!

[@realpropertymangement7640]

You've answered your own questions. There is no stability or guarantee for expats in Thailand. The only approach to living in Thailand is: 1) Always remember you are a farang, you will never be treated like a Thai, or have equal standing.. 2) Own nothing in Thailand you aren't willing to walk away from on short notice at a total loss. 3) Rent your significant needs... accomidations, transportation, companionship. 4) Don't go all in on Thailand. Consider making it one of multiple locations where you have partial year residency (less than 180 days per year to avoid taxation). 5) Don't sever your home country ties!

[@RamzeTravels]

Great advice.

[@sogi007oo7]

@@realpropertymangement7640 sage advice

[@farmersmith7057]

Extremely wise words. Most of my assets are outside the country. I rent even though I could easily buy. I know lots of farangs who have “””bought””” land and housing (ha, in their wives’ names) - throwing money away.

[@MrSuperohhlala]

It really depends on one's financials, which you eluded to in point number 2. If you see your GF and/or wife as a rental then I feel sorry for you and suggest you start dating other types of women - not all of them are naughty hos or out to deceive you bro. It's usually never wise to go all in on anything in terms of financial investments, although, I am happy I bought a ton of bitcoin 8 years ago and can walk away from my beach house and car in Thailand and still be fat since I drank the Kool Aid 😂

[@ma3stro681]

3/4 months a year in the Kingdom to escape the southern winters … 🎉

[@nicholaspaul71]

I think this was one of the best videos I’ve seen. I’d not been comfortable for some time in terms of moving to Thailand and this was a great summary. Thanks.

[@RamzeTravels]

It’s an amazing country for sure, but like anywhere in the world, one needs to be prepared for what may come and make the best decision with the most information possible. .

[@briangoulding2855]

Yep ... You nailed it ... I agree 100 %. This is how I have been feeling for the last 2 years

[@mancello]

I'm an American but I have a Thai girlfriend and I would never give up my residence in the United States in case I need to leave Thailand for some reason. Yes, the laws in Thailand are to protect Thai Nationals, not foreigners. You will never be fully accepted in Thailand as a foreigner. That's just the way it is. I do not plan to own anything in Thailand. I will just rent. The laws are constantly changing and who wants to invest in a country when you don't know what your legal rights are year after year. To me investing in Thailand is like gambling. Only bring the money you're willing to lose or walk away from. I doubt the Thai government will tax foreign pensions and social security payments that will cause too many foreigners to leave the country and most foreigners would not choose Thailand as a retirement destination. It doesn't make any economic sense for Thailand to do it.

[@yosefmacgruber1920]

How can they expect people to have any sense of loyalty to Thailand, if they so badly treat those who are willing to live there for years, still as "outsiders". When you learn the language, live there for years, and contribute to the community, at what point can we stop being treated as "outsiders"? The "rule of law" is supposed to include political stability and predictability of the laws. Looks like Thailand is hardly even a valid option of where to go. And why should we want to live in a land of such religious confusion? Buddha is dead and in his grave, and so why do they worship him? Latin America sounds much better, at least some respect for the Bible. Far Eastern fake religions, yuck! And too close to China.

[@redback38]

I think it's great Thailand protects there people and immigration policies because if they didn't all the thais would be on the street and foreigners would own the land. Thai govt don't care about you because there's always someone lining up to take your place.

[@MichaelRichard-o9r]

@@mancello I have friends that have tripled their money in Thailand In at 1 million out at 3 million My father made 10x on land bought in Japan. There is always some risk.

[@kevo8498]

@@mancello Great post

[@Swimallsummer]

I agree with all of your points and will add that after caring for my elderly mother in the US the last several years of her life, you do not want uncertainty in your life when you are in your 80’s. You are no longer as able to take care of yourself without help. If you build your life in Thailand expecting to stay there you have to remember that you could be denied entry any time you leave and try to re-enter the country. What happens then to your condo, bank account, personal belongings ? Now it is looking like you not only need a visa agent to live in Thailand but will also require a tax accountant in the near future. But a foreigner never knows if he is being charged too much or has an unscrupulous or unqualified person helping him. I’m beginning to think that the best use to a foreigner for a country like Thailand is to stay there and enjoy it and the lower cost of living to continue building your investments in early retirement then return to your home country in your final few years of life where you can get decent although expensive assisted living and don’t have to worry as much about being scammed at every turn. For those of us from the US it means maintaining your Medicare coverage which is useless overseas but at least you have it to fall back on.

[@garyzies3486]

Yeah, the problem arises when we get to the point of having to find someone to change our adult diapers and push our wheelchair.

[@yosefmacgruber1920]

@@garyzies3486 People should not have laughed at those families having 10 children. With so many, "old age security" may still be a thing. Good chance that at least one of the children will gladly let their elderly parents move in with them or even have the big house conducive to that.

[@VeteranExpat]

I feel no assurance to expect Medicare to last long enough to qualify it; even less so for 20 years after.

[@reinhardmartin9093]

The Tax lawers are much more expensive than the taxes.I have a small Pension andI'm married to a Thai .My Tax would BE about 5000 Baht a year.For that small amount I don't leave my Home in Thailand.This taxes are a rich man's Problem and not mine!And I think "Don't panic.In German we say "Nothing will be eaten as hot as it was cooked".

[@3777177]

@@VeteranExpat true, USA medical system is starting to die out...hard to find doctors, mostly you get a nurse to help you....Socialized medical always ends up shorting the patient....

[@thehammer3340]

If I want to eventually leave Thailand for whatever reason, I can easily. No buying condo, car, or anything else that ties me down. Renting is great for me.

[@ScooterOnHisWay2024]

Yes. The obsession with 'buying' is what gets people in potentially over their heads. Laws here are not the same as in peoples' home countries. Why risk it when rent is so GD cheap? They keep building. It'll be years before they can fill these places up and drive up costs. It won't happen in my lifetime. The worst I'll do is eat a few months of rent at what is roughly 30% of what I used to rent for back home. Big whoop!

[@Kevin-lo1le]

Spot on , Thailand is the best place to retire ( for me) until you get very old, unless you’re a very very wealthy person and able to pay ALL medical expenses, it’s high risk, options are not available for most people.

[@steved8053]

One good thing here is that because salaries are lower than in the west, it's more feasible to hire a personal care giver to help attend to your needs. Assisted living in the US is quite expensive and you live among many similar residents in a "home".

[@Kevin-lo1le]

@@steved8053 I agree but if you need a major operation, say heart and you don’t have insurance you must self-pay ☘️👌

[@barbaralanders6049]

I lived on and off in Thailand since my 30th birthday. Turning 60 in a few years, it will be time to leave for good, as I don't want to be there in a medical emergency in old age.

[@barbaralanders6049]

​@@steved8053Well, yes, Thailand is cheaper. But Thais have zero empathy for Westerners. As long as you hand out plenty of $$, they will do their job. But wait till you're really sick. They'll take your cash, do the runner, and let you die in the ditch...

[@robertk.8734]

Great video! Healthcare will become a huge concern as we get older. I m a 64 yearly Korea-American living in Bangkok since 2022. Despite the life-long healthy lifestyle, I experienced three bouts with bronchitis due to the poor air quality in Bangkok. The constant exposure to AC was also a huge factor. I just returned from Seoul, Korea for the treatment of Atrial Fibrillation. The cardiologist at the major Bangkok hospital did not diagnose it properly and I was over prescribed older generation of meds. The top heart specialists in Korea are on a different level. The advanced diagnostic technologies and meds were a game changer and were not widely available in Thailand. Thailand can treat minor illnesses with ease but treatments more complex issues are not on par with the USA or Korea. I m fortunate to have family ties in Korea and I have access to the world class healthcare. Korea also offers dual citizenship with full Korean Health Insurance ( approx. $90 per month) regardless of existing health issues, for those born in Korea. I absolutely love Thailand but I have to be realistic about the pending realities as I get older and become more susceptible to illnesses such as pneumonia. Stay healthy and get off sugar! 😃😃

[@aestheticcqmin4743]

Lived in Bangkok for over 20 years. Always use the government hospitals never the private ones. Had a hernia operation cost 7000 baht. excellent surgeon and facillities. Private hospital 30,000 baht. Chulalongkorn Hospital Bangkok has a special clinic late afternoon /evening where you pay a small fee for consultation to avoid the crowd and daytime queue as do most of the government hospitals the doctors and facilities are always first class. Avoid private hospitals at all costs.

[@mauimixer6040]

Your videos are such a great service, asking the hard questions ! Thank You! I've been seriously thinking about totally moving there and also moving around SEA , and you have brought up questions I was missing.👍🙏

[@TonyFossey889]

you are the most honest person on KZbin... and tell it as it is....and the last point is very true.... that's the biggest thing I find and have difficulty with..

[@kymhaniford]

Honestly I think maybe Thailand has the right basic idea. Thailand for the Thais and you are welcome to come and visit but that's it! Not to say that it is perfect at all, but it is a good start! If more countries had this idea there would not be the troubles that some countries are having at the moment with immigration and the lives of their own people. It makes it almost impossible for another culture to just move in and take over. The way that Thailand is structured is what is making it so desirable as a place that you want to be.

[@greensorrel6860]

Agreed

[@bigwaidave4865]

That way people would not eat the dogs or the cats or the pets🤣🤣🤣

[@DT-gs3wi]

Totally agreed! Thailand is a small country that needs to be protected by the government for its people. We take pride in being the only nation in Southeast Asia that has never been colonized.

[@returntothailand]

It is not going to change and then again it likely will. If you cant live with that then dont live in Thailand. 2. Health insurance is a problem and i have seen people have to go home because they have better coverage there. 3 Treatment of people by the law. Well we are visitors and in the helmet case, why would you not WANT to wear one? For the Thai's the helmets for some familes can be expensive. In fairness i have driven my wife's truck ( 30 + years of marriage)through check points that were geared mostly to Thai motorcycle drivers and i was waved through.

[@MU-s8r]

No problem with that. I jist wish my country reciprocated the same rules for Thais who buy land, houses and businesses in my country.

[@mplt6151]

Your video is spot on. I honestly believe Thailand doesn’t want to have long term foreigners anymore. All that matters are as many solvent tourists as possible and hundreds of new so-called „hubs“

[@Ghekko-kw3zz]

My son lived there 10 years, married a Thai, speaks near fluent Thai, his son in Thai, he changed his name to Tye, ran a successful business in Thailand for 7 years. Connwid killed his business, he lost everything except his family. Moved back to Australia with them. Same situation in Australia he would have been looked after.

[@albertinsinger7443]

It is very clear Thailand does not want foreigners but puts up with them for a price. But the price just increased with taxes now.

[@ScooterOnHisWay2024]

It is very clear that you are clueless and make goofy posts for no reason. And speaking of taxes, tell me what you KNOW about the taxation. Got anything in print? No? Because there is nothing? Huh... go figure.

[@mikejackson1717]

Thanks once again. Changes things when considering Thailand or Philippines.

[@NickB-yq7ng]

These are all really good points you’ve made. I recently found your channel when I watched your vid titled “never buy a condo in Thailand”, which I highly recommend people watch! My philosophy has been and remains, NEVER buy anything in a foreign country that you can’t walk away from easily. The biggest purchase I’ve made is my motorbike, which, although nice, I bought second hand and did not pay a lot for. If things were to go south here for whatever reason, I would have NO hesitation to pack up a couple of suitcases and get out of dodge.

[@RamzeTravels]

Smart man

[@steampunk888]

It would be wise to remember, regardless of what happens in the West, that so-called “Insurance” for pre-existing conditions is NOT insurance. It’s other people paying your bills. Insurance is paying someone else (an insurance company) to take a RISK for something that has NOT happened yet. If the condition has already occurred, then there is no way for a company to assume the risk: the loss is a certainty.

[@MM-sy6yp]

Very informative. Thank you.

[@MrSuperohhlala]

There's no true security for farangs in Thailand - we are visitors, duh! However, the closest thing one can get to security is by having fat stacks of money, not breaking the law, staying away from drunk sketchy foreigners, being respectful and humble.

[@markgarretson689]

The sad part is that even if you choose the most expensive Thai visa, which is investment in condo worth 300k usd, you will still have the same problems. I guess Thailand is only a place to enjoy. As a man, if you’re in your 50s , enjoy your time till you are 60, and go back home or to other countries. However, I have noticed that the entire south east Asia is like this, except Malaysia. But Malaysia is very conservative so you won’t get laid as easily as you get laid in Thailand.

[@stevemahoney6493]

A truly timely vlog so thanks. The simple fact is that Thailand wants the tourist trade but places little value on us expats that spend a few million baht a year living here. I live in Chiang Mai and spending a lot of thought on where I will be living 6 months a year.

[@steved8053]

Let me know what good places you come up with because I'm thinking the same thing. I have friends who live here and can be on a plane in a few hours with everything they own in 2 suitcases. I can't live like that. I need a home, even if its only a home for a few days less than 6 months a year. So I'm resolved to be paying rent here 12 months a year even though I will be only here for 6 (assuming they adopted these proposed tax law changes). My Thai partner won't be traveling around with me so I have to provide a place for them to live (and hopefully the relationship can survive).

[@stevemahoney6493]

@@steved8053 Cambodia is in the early lead based on visa regs and cost of living. I've lived in Malaysia but cost is higher. Laos is interesting but a bit scary.

[@Bobafe77a]

My father passed away a year ago. By the way he and my mother were treated and processed by the privatised aged care system in Australia, made it clear that it was all for profit rather than care of my father. And i realised that in any Anglo Western country, you, as a citizen of those countries, has zero security. Consider what happened during COVID in New Zealand, Canada or Australia. Whether you agree or not, people were blackmailed to take an unproven vaccination intravenously in order to keep their jobs. The state and national borders were closed. Protestors were dealth eith violently or had rheir bank accounts frozen. People say that places like Thailand are corrupt and as a foreigner you are in danger and have no rights. I can argue that it is as bad, if not worse, in police state Australia, Canada, New Zealand, UK andvthe USA.

[@Bobafe77a]

@@Joseph-wu6kd IMO, after spending a lifetime paying taxes and working, healthcare should be state funded. Privatisation of healthcare ensures that care is sacrificed for profit. And that's exactly what I've seen. In Australia, those who ( and I know many are helpless, and realize we need to support them ) contribute nothing, sit on their arses all their lives etc, get the same healthcare in old age as those who worked and paid taxes. My dad worked and paid taxes So no, I don't think that's a sense of entitlement.

[@Bobafe77a]

@@Joseph-wu6kd if there's three mandates that every government should have for their citizens, they should be free education, quality food and free healthcare. The commodotization of those has degraded many societies. I'm a New Zealander and that's how it used to be there before the 70s. Housing was cheap or provided free, food was good quality, healthcare and education were free. Paid for by the taxpayer of course.

[@3777177]

@@Bobafe77a In the end, you will lose three if provided by government, I rather take my chance in private sector...

[@davidb2206]

Totally agree. Well spoken. Reciprocity is the only morally acceptable principle. If over 300,000 Thais have permanent residency (green cards) and civil and property rights in my country, then the very few, handful, of Americans, should have RECIPROCAL rights in their country. Otherwise, how can Thailand be considered an "ally" of Americans?! My Thai wife and I were treated disrespectfully by Thai Immigration every year and we were PROHIBITED from buying a simple, small home in her village. Even SHE was prohibited (as a "nominee" in Thai Land Law). We will never forget this racist, non-reciprocal treatment.

[@jasonedwards6870]

Very smart guy. You nailed so many things there. Great point about taxation and representation.

[@rj4356]

Excellent episode & thank you! I noticed that too (accommodation for mobility limitation visitors)! Sidewalks, ramps & elevators are somewhat limited. My grandmother wants to visit but uses a walker. I rarely see anyone using a walker or wheelchair in Bangkok! Thank you for your research!

[@erikjohansen9154]

One of the best youtube talks I ever seen to the point and of interest to everybody well done

[@relaxingsoulchannel2887]

I’m Thai who have lived in Australia over 20 years, I never treat Thailand as my home anymore for many years but I use it as a resting place to wait for my investments in Australia to compound and grow then I’m going back. (Reverse culture shock is real) Even though I’m Thai, I have been treated very bad as well that’s because how people here are. I never felt secure in Thailand. However, I just try to find a good sides of it like a choice to have a low or high cost of living etc.

[@Greebodeux]

Maybe have a look at Care Homes in Thailand? I'd be interested in the cost and level of Medical cover available through a mid to high end home. My plan is to retire and spend some time in Thailand. If I feel like I need help, I would probably hire a nice Thai lady to live in and look after me. Once I get past 75, if something serious happens...DNR lol

[@Marpa47]

Even while visa requirements are a shifting sand, so also are the currencies. What may qualify you for one type of visa based on foreign income now, if currencies shift, might no longer qualify you down the road. And that might also apply to condo rentals / maintenance and more basic expenses that are so tantalizingly low. That’s areal factor if thinking about where to end up spending one’s final years.

[@thrust_fpv]

If you can earn money online the best option is to rent and rotate between 3 south-east asian countries, say Bali, Malaysia, and Vietnam or what ever.

[@Ghekko-kw3zz]

Even if you are living on savings or a pension. Especially if you're ok with cheap rent places. $300 a month for year round rent for 3 homes in 3 countries is doable.

[@tubewatcher3100]

Just a heads up. Rent in Indonesia is usually payable annually up front ie 12 months. Perhaps accomodation catering specifically to foreigners and short term visitors is different.

[@Ghekko-kw3zz]

@@tubewatcher3100 you mean hotels? For sure all these countries allow renting up front. The biggest issue would be leaving them unoccupied for long periods. It would be important to ensure you are allowed to put friends in there & it would be a good idea to do so with no notice to anyone.

[@thrust_fpv]

​@@Joseph-wu6kd Trying to Stay in one place doesn’t provide stability or security; instead, it brings significant legal hassles and frequent rule changes, and you’ll never own property or be recognized as a citizen. It’s better to move to another place and enjoy life without all the complications

[@jakartaman3365]

​@@tubewatcher3100Not necessarily. I rent a fully furnished 2 bedroom condo in a nice leafy area of West Jakarta with all of the bells and whistles which adjoins an up market mall, for about a 1/3rd of what I'd be paying back in Australia. I signed a month to month lease back in April 2014, and apart from 2 years I had back in Australia during Covid, I've been here ever since.

[@GoneAdrift]

Brilliant stuff. My knees are knocking for the future

[@alangraham8926]

Excellent points and given very little consideration by most until the crap hits the fan. I had been in and out of Thailand for approx 30 years but since Covid hung up my work boots (not willingly) but I do recall the advice of an older American guy I met in Nana Plaza (a place I was besotted with) telling me never buy anything in Thailand you can't put on a plane. I do think this applies to most of us mere mortals but not corporations or multi millionaires. This is probably the closest you can get to being stateless whilst blissfully enjoying it.

[@MickeSuspicious]

My goal is stay 6 month in Thailand and 6 month back in Sweden. If the insurance getting too high, I can always do 45 days a year, because 45 days travel insurance is included in most home insurances.

[@victoriaabbott326]

Great video! Watching from Koh Samui. I have been reflecting on all the topics you raised as a 53 year old Canadian, have to be honest as many boxes that Thailand ticks, the missing ones are pretty big, and very uncertain. I know there are no guarantees in life. There will always be trade off's, but in the words of the Nomad Capitalist "go where they treat you best" Think I will keep searching a little longer.

[@Skwarek-wp8dc]

In Canada you get healt care till they decide to euthani- ze you😅😅

[@stevemorris3544]

Don’t fool Yourself . It’s Thailand and we are guests here. Don’t complain, You don’t have guarantees and full stability, if you buy it got to be willing to walk away from your stuff. Best to stay simple and liquid. As JC says theirs always an option.

[@Walk-retirement-travel]

Another great video with quality content. Skin tax exist in Thailand pretty much the entire world. Visa definitely changes a lot in Thailand. Usually from not thinking it through enough before implementing and two many government departments involved in the decision. I’m personally opposed to any kind of foreign ownership. I don’t like it in my country so I’m not doing it in another country. Very few Asian countries are mobility friendly. that concept doesn’t exist in most of them. Driving throughout Asia compared to western standards is a problem. Medical insurance can be expensive all over the world especially with preexisting conditions and older age. Western countries with socialist healthcare and America with Medicare or Medicaid makes it difficult to give up to pay extra for healthcare in Asia. For all the reasons I just listed are factors why I won’t become an expat and do slow travel instead. I don’t have to mess with visas, Basically 60-90 on arrival in the countries I want to travel to. I have excellent cheap world wide health care as a retired government employee. I’m keeping my paid for house in America to live in 6 months a year. I take full advantage of my reward points for travel. Hotel stays. I can avoid foreign banks. things that will have an impact on me traveling around is the driving. It’s Still hazardous rather you drive our ride. Which can be mitigated with trams, trains and subways. And of course you will always fall into the skin tax issue. So slow traveling isn’t the same as expating. But it works for my situation.

[@RamzeTravels]

This is a well thought out and insightful comment. Thank you for taking the time.

[@etienne59118]

very nice video, very good questions. Thank you for sharing

[@MU-s8r]

One final point you briefly touched on and that was so called marriage visa. Of course there is no such thing! What you do, is get permission to extend your 12 month Non-O or Non-OA on the basis of marriage. It is not a marriage visa. There was a case a few years ago in the Bangkok Post where an 80 year old Canadian guy had lost his Thai wife of 30 years to cancer. When he went to renew his visa, he was told it wasn’t possible as he was no longer married. With no family or home in Canada, and sufficient funds to stay as a single man in Thailand, he wrote to the Bangkok Post asking for help.

[@MrEric102259]

Thanks for very important info. Hopefully we can get there sooner than later!!!

[@UlilangMatapang]

Thank you for your insight bud.

[@nixonbd53]

Bottom line: Don’t buy anything in Thailand that you can quickly dispose of, or just get rid of on short notice. I’d never buy a condo there. A scooter might be the only thing I’d consider buying.

[@ScooterOnHisWay2024]

Right? Decision making is easy. Risk-reward analysis is different in any foreign country. It is like going to a casino in the states: Only spend what you are willing to lose. With any amount of common sense, you will come out ahead in Thailand.

[@gamesandmore72]

Hello Ramze ,You mentioned a very important thing that people tend to forget: you actually have zero security and lots to lose in Thailand. When you start to read between the lines, you can see clearly that the system views you as a forever cash cow. You have only these three rights: bring the money, spend the money, and go back with empty pockets. From day one, you can buy a condo or two (but not the land), sitting in a hotel on a tourist visa-that’s a fishy red flag as French toast. On top of that, you can buy a car, bike, and whatever you like. Why? Why? Why? The answer is: in case anything happens, everything will stay in Thailand, and they know this. Your retirement fund, your condos, and everything you own. If you don't believe me, then please compare the path to Thai citizenship for Chinese people versus Westerners. Please do not risk your future on enemy's land. Another red flag: the Thai government axed 20,000 companies for the sake of the Chinese BYD factory. Please look around. What do you see? Russians ,Chinese ,Indian People. These are real friends for the Thai people.

[@sainssaint]

hello do you have any links on the path to citizenship for chinese compared to other?

[@sagepirotess6312]

I disagree l. Many countries down let foreigners own land. I think its great! USA should do the same. In asia, if they opened it up to foreigners... you would still own nothing, china would buy all. In thai, Vietnam. Philippines and elsewhere. Then use its power to dictate laws. And as chinese would buy land, it make prices beyond your reach.

[@gamesandmore72]

google it

[@barryg7139]

chinese get visa on arrival for 3 months. while it is 15 days for westerners. lot easier to extend visa for chineese and many buy investment properties and apartments.

[@gamesandmore72]

@@barryg7139 "Imagine if the Thai government granted citizenship to people from the West. This could lead to a reduction in Chinese influence in Thailand, which China would not tolerate. That is why it is ,what it is ''and in my opinion it will never change .

[@chrisjuricichxl5]

Fair enough observations. I've lived in the Philippines with my Filipina wife for 9 years and more; married for nearly 40 years. She owns the land we live on, I'm on the title as 'husband'. Nothing is certain anywhere.

[@arthurwatts1680]

After the recent docos on Australian TV about how badly retirees are being treated here (from physical assault to being ripped off by retirement villages), the old guys trying to drink themselves to death in Pattaya may be on to something.

[@peteredan7352]

Excellent points made here. If all else fails, move to Cambodia which appears to be more welcoming at this time.

[@milovee1238]

Thanks for the video. It's not just Thailand. When I was living in Vermont one of the old timers confided to me that “yep been here 25 years and when I die I'll die a stranger”. There needs to be more videos on retirement homes or Independent Living or even communal living for older folks on a budget. Only one that I know of. And only one that speaks frankly of making preparations for end of life including the paperwork required. But it's something that people need to talk about more because it's just a fact of life

[@iliegiurgiu8140]

Thanks for great advice, you really cover everything farangs in Thailand need it to know , I’m in Chicago from 32 years , it is not the same American Dream but is for millions passed the border from Mexico and they have everything they need it for free : housing , food and cash = $1.500 / month so Welcome to America over the border and you have everything ! ,

[@tg213]

By us Thai tax treaty, Thai government does not tax US social security, military, federal government pensions. The mighty US government reserves that privilege for itself. I don’t know about private US pensions. I have read the tax treaty myself. Google Thai us tax treaty irs for details. On health insurance most Thai companies won’t insure people over 70. Fortunately, my US insurance does still cover me In Thailand. The mobility issue for me is a big deal. Tim

[@slipperedlobster]

Right. It's a gamble ...to stay here. Every year, requirements change. It wouldn't be surprising to see new insurance regulations and taxes, while at the same...stricter immigration rules on annual extensions. A double whammy would be getting hit with a tax while the exchange rate gets worse and worse. Now just think if they also force insurance on "everyone", even those of us that cannot qualify (due to age). None of this has happened yet, but we don't ever get reassurances.

[@PAULstorer-xe3qz]

Good topic I have been coming to Thailand now over 25 years usually 2 months a year I now have returned to retire maybe have just secured my retirement 1 year OA I returned immediately after Covid and on the presumption of buying cheap condos I did get cheap, compared to the returning tourist industry influx but over supply of condos now is outrageous What I’ve noticed in my experience since Covid ended It seems the thais got used to no tourists and really did it thought during those 2 + years but survived and therefore don’t look at us with the same eye than pre Covid The changes I’ve observed from previous trips is that ferang has become a frowned apoun and rip off at all costs attitude no more Thai smiles no more foreign respect pre Covid was a time of thais bending over backwards for a buck little bit of bahter here and there smiles everywhere now I feel alien inbthis country I have a Thai partner and I have her with me when shopping where goods prices are not on display I avoid tourist hot spots eat out way Thai stall food and still if my partner is not with me ripped again I am looking to sell my condos and return to Australia after the years up unless Thai attitude changes back which I highly doubt prices increase falling exchange rates and all your security issues touched on here Im a seasoned visitor to this country I feel to tourist holiday up to 2 months a time could be sufficient in the future As I plan to buy a sail boat and float around the archipelago visa wandering Tha E south Aisha Good subject sir

[@philipdevonald1273]

I have been married to my Thai wife for 24 years, we have lived in Thailand for the past 16 years. As you mentioned I have absolutely no standing here whatsoever, my wife has duel citizenship in my home country. As a foreigner I am one missed visa away from deportation, as is the case for the majority of foreigners.

[@dovoso5685]

Hi , I am old and I would love to retire in Thailand but because of All those points you have mentioned, I would Not do it. If possible, look for other destinations. There are reasons for those rules, young tourists spend a lot of money on the entertainment industry. Older expats are too frugal . Good luck.

[@lexluther973]

You probably shouldn't plan on getting old in Thailand. Enjoy it while you can. All the points are valid but Thailand is for the Thais

[@andyr7463]

I totally agree with you and am looking for alternatives after being in Thailand for more than 2.5 years

[@discotex2236]

One cannot get resident or citizenship status unless you are working here with work permit and continue working through the entire process 5-10 years and may be denied if not married to a Thai. I’m hopeful that a path to residency may be possible in the future. However, the consensus is the Chinese would flood in if such paths were available. They already have quotas in place so of course we really don’t know why nothing logical takes shape. Until things change we will continue to check in with our parole officer every 90 days.

[@michael-lt2lf]

(The rich at least) Chinese are very popular in Thailand. They all but own Cambodia and certainly can control it. Now they intend moving on Thailand (lots of willing Thais ready to become sleeping partners for a handsome gift of Baht. Thus the takeover of the whole of Asia without a shot being fired...

[@carloskymvilches1765]

Excellent, points that you made!!!

[@MrEric102259]

Question? What do you think was your most expensive week you ever had in Thailand? Including your worst and best week. I’m concerned about the financial aspect of coming out there. With that said, I don’t drink, do drugs, gamble, chase women. I’m happily married , like to eat out, work out and go to the beach. Kinda boring but I don’t get into trouble this way lol. Thanks for your input. E

[@RamzeTravels]

If you don’t do what you mentioned , you’d be hard pressed to spend $100 a day. You’d have to actively find super high end restaurants and luxury shopping to beat that.

[@MrEric102259]

Thank you. I appreciate your feedback. Looking forward to spending time in Thailand!!

[@paulsmith2552]

I don't like the sound of the new proposed tax. I also don't like duel pricing. I would never own property in Thailand, house or Condo. As a foreigner you can't win in the Thai legal system. Although Thailand has many good things definitely no security. Also the corruption is difficult to deal with at all levels. Yes truthfully just a visitor. Great thought provoking video.

[@benbohoho]

Nobody talks about this stuff. Thanks brother. For these reasons i think you do absolutely need to minimize assets there and have an escape plan. But its kinda hard to invest the time knowing it can all disappear in a moment. Americans moving to France can avoid french taxes even while enrolling in the national healthcare and becoming dual citizens in 5 years.

[@orawancarlile6192]

The US citizens as long as they pay taxes into the social security system, part of it, is Medicare that will help them at the old age. There is a lifetime of $50,000 for an emergency fund to bring them back to the US and take care of you. Of course, you will need your medicare card and enrolled in the program. Check it out.

[@MU-s8r]

A great video which perfectly summarises the situation for people looking to make it their final home. Many people have rightly explained that you would be either reckless or plain crazy to totally sever links in your home country. This idea of sell up and emigrate to Thailand is nothing like doing the same and moving to say Australia or Canada. On this issue of taxation. I really think this will turn out to be a non-event for the majority of expats. Most of the expats come from countries with DTA (Double Tax Agreements) with Thailand. This essentially means that if you can show you have paid tax on your income in your own country then you are not taxed again. The only issue seems to be relating to those whose pensions are below the tax free threshold in their home country, but above the tax free threshold in Thailand. It is likely they will need to pay some tax in Thailand. That however is not the only issue. Simply gaining a Thai tax number and filing a Thai tax return will be another money grab for authorities to demand more documents you don’t easily have, or pay a little to “oil the machine”!

[@michael-lt2lf]

I hope for my sake and all of us, that proves to be the case.....

[@JadenOasis]

This is a good video and you make some great points. However, it's important to remember that most of what we consider security is actually an illusion. Anything can happen to us at any time. In other countries, they can change the immigration rules as well. If I'm not mistaken, I believe that after 3 renewals of the 1 year retirement visa, you will get permanent residency. It's true I cannot buy land here in Thailand, but in the USA I cannot afford to buy land. In the USA I cannot afford to buy health insurance. In the USA I cannot afford to rent a decent apartment without it eating up half my take home pay. Here in Thailand I can retire at my age (52), but in the USA I would have to keep working until I'm at least 65. As far as infrastructure and having nice sidewalks, I have spent time in India, and it is so much better here. So I have no complaints about the infrastructure here. Thailand is clean, quiet, friendly and inexpensive. Sure, no place is perfect, but compared to the alternative, I see no better place to be. Yes, it would be nice to be able to own land, but I plan on getting married and finding land with my wife. There are women you can trust who won't take advantage of you. It's only the horror stories we hear about, and most people choose to focus on the negative. It's important to be educated and prepared, then surrender to life as it unfolds.

[@aeroAdvocate]

Agree with most of your points but as far as the insurance is concerned you won’t be able to get any private healthcare with PEC, especially in old age, no matter where in the world. That’s indeed a risk if you move abroad once you’re already past a certain point.

[@BrijenHathi-p1t]

Maybe the best way to enjoy Thailand might be to stay for less than 6 months and maintain your setup in your home country. That way taxation and health issues don't matter - and you get to enjoy summers back home (unless you have a Vegas type uncomfortable summer).

[@ChocolateAfterDark]

I don’t see myself living there full time. It just seems like there maybe too many issues and culture differences to overcome. My plan is to stay a few months at a time here and there.

[@RamzeTravels]

Solid plan

[@sogi007oo7]

Well presented brother! You’ve just begun to clear the air… rights? Ha

[@bernardlaverton9077]

does permanent residency in Thailand include healthcare?

[@michaeltakayama8415]

If you want long-term security & equal treatment with locals, under the law, in Thailand, you will need to become a Thai citizen. Period. Full stop. Short of this, you will merely be a guest, visitor, non-immigrant visa holder, tax-paying resident, or a flower by any other name, in the country, with essentially no/limited rights and can be asked to leave at any time. Note that this is not unique to Thailand. The same situation exists in all countries - only citizens have any fundamental rights. Everyone who is not a citizen, incl. non-citizen so-called permanent residents, are always much more vulnerable to capricious changes in the law (such as what occurred in Malaysia with their MM2H program) and/or even in the government itself (which happens in Thailand on a regular basis). That said, becoming a Thai citizen is actually possible, for an American. I know of one case, where an US citizen became a Thai citizen. I do not know the process nor the requirements, but I do know that he had to be fluent in Thai language (speaking, reading & writing) at a high level and that he did relinquish his US citizenship, at some point. If citizenship is not an approach that you want to take, then it is probably best to avoid putting down any deep roots, of any sort. If the situation in Thailand changes unexpectedly to your disadvantage, you should have a plan to relocate your retirement to another country, with a minimum loss of assets. Due to the instability of many of the popular retirement countries, it might be a good idea to prepare a list of multiple backup locations, and keep up-to-date on the requirements for retiring in each of those countries. Note: This is actually part of my own personal plan, for my eventual overseas retirement. Disclaimer: This is merely my own worthless opinion, based on my own research, and should not be relied upon by anyone. Please do your own due diligence, before making any of your own decisions. Feel free to disagree, and move on! :)

[@davidkw8728]

Great info, thanks 👍

[@dexterspeights3484]

Citizenship be should a option for expats if the thai government is going to tax offshore income.

[@puravida5683]

Because of those reasons, and more. I chose to become a permanent resident of Costa Rica.🏖

[@jpny4750]

I am in my early 60s and you just listed the main reasons why I wouldn’t consider Thailand for my new home. Plus, the potential problems the climate change may bring to SE Asia in the next few years.

[@markwalker8374]

If you are in your 60's I don't think climate change is going to affect you much if at all. The rate of change is not that fast and is dwarfed by yearly variation in wet or dry years

[@wouter1602]

Totally agree, good video!

[@toothlessseer3153]

Let's face it... That's the downside for old, broke, Westerners going to a developing country hoping to grab some woman 40 years younger. _(You can get kicked out anytime, unlikely to be covered for medical conditions and lower quality of life and healthcare will kill you quicker)_ The *ONLY WAY TO DO THIS RIGHT* is to spend PART of the year there & MOST OF THE TIME back *HOME* in the US, where you have all your rights. And Medical coverage.

[@USARAY1947]

Yep. I spend 5.5 winter months in Thailand and the rest in the U.S. which covers my medical (Medicare Advantage) for the whole year. At 77 years old, Thai Medical insurance is expensive and at 80 years it's unavailable. I have a multiple entry Thai retirement visa.

[@toothlessseer3153]

@@USARAY1947 Have you bought a place in Thailand? Or do you lease a new place at every trip? I would prefer Philippines because Americans can very easily get retirement visas there (and very friendly to Americans). But Thai food is a zillion times better (I can eat Thai food every meal of the week, while Philippines food is just horrible... To me)

[@USARAY1947]

@@toothlessseer3153 I've visited PI many times, mainly for the low cost and friendly filipino people. Unfortunately, PI hasn't recovered from covid. IMO I rent the same condo most times and did visa runs to PI until the last trip when I got the retirement visa. I used a local Thai agent and have to renew it each year but it's easier and cheaper than visa runs. The agent takes care of everything.

[@innercynic2784]

Zero "security" anywhere. Thailand is no exception. You can find better or worse than wherever you presently are. I'd say you're going to get better... but for how long is anyones guess.

[@juanvaldez7633]

I fall into the category of "would have chosen Thailand except for the visa situation". Instead I chose Colombia for retirement - which even with the more restrictive requirements that were implemented in 2022 with the passage of Resolution 5477, still offers an easier path to a long-term retirement visa and subsequent residency, with a much lower income threshold that I was able to satisfy based solely on my Social Security pension. However, I know several people here not yet of retirement age that were getting by with other types of visas that recently had renewal applications denied, so I'm thanking my lucky stars that I'm not in their shoes.

[@atomicvagrant7686]

The truth is- Their really is no security as good as your home country.

[@RamzeTravels]

One has to be a citizen to get that level of protection. I no longer truly care but I have the opinion that offer paths to security will get more investment. I also could be wildly wrong since this isn’t my area of expertise

[@pheasantplucker6117]

Agree absolutely 100% . Was considering retiring in Thailand. But not now. Talking about taxing your assets in the country we came from. They gotta be joking. So just going to come on the 60/90 basis. Take it as it comes. Leave renew. Yes they are offering nothing in return . Still a 2nd class citizen. So won't be retiring there any more.

[@martypoll]

Tax policy changes in every country. True in the US as well. Taxation without representation? True of foreigners living in the US as well as Americans in Thailand. Seems pretty obvious 🙄 LTR visa - money brought into Thailand is not taxable I do agree that this is hitting the pause button for prospective expats until details are clearer.

[@kevinvincent2994]

Australia has just introduced a new tax on wealthy retirees . The tax brigade !

[@chrisg2759]

What do you think would happen if all your prayers were answered for example foreigners being able to buy land???...there would be mass imigration and Thailand would be as fucked up as UK & US...just go with the flow nothing in life is certain theres zero security anywhere nowadays

[@singas2854]

That’s correct A good compromise would be more security and stability with visas especially marriage visa

[@greensorrel6860]

Facts

[@shep68]

Turn off Fox News. The US is one of the few examples of successful immigration. Our economy is the strongest in the world because of it. There’s a reason why everybody is trying to get here and why everyone invests in our stock market. There are immigration challenges to be sure. But to say we are f’d is totally false.

[@thachnnguyen]

My approach to visa/taxes: pick a few countries in SEA, then move from one place to another. Sure, it's a bit of a pain since you can't have a permanent place (i.e., suitcase living), but that can be dealt with to some degree (like rent long term or buy an inexpensive condo for your 'permanent' place). Land ownership: they've got to do that, otherwise, the Chinese would have bought all their land. Health and insurance: I don't know about you but right now in the States, your copay can easily exceed the total in Thailand. My thing about deciding whether to retire in Thailand or any other place is basically how far can I get with the money I've got. Sure, you can probably get by in certain parts of the States with 3K/mo, but do you really enjoy living there?

[@RamzeTravels]

Very good assessment!

[@michaeltakayama8415]

I think that we are just guests in any foreign country, in which we do not have actual citizenship. If a country wants to change their laws, to benefit its citizens, then it has the right, and obligation, to do so. If these changes negatively impact some non-citizens living in the country, then they should consider either becoming a citizen, if possible, or relocating to another country, which they believe is more favorable to their personal situation. I also think it is prudent for overseas expats & retirees to have a backup plan, in case they do need to relocate, due to factors beyond their control. In my own case, I do not plan to put down permanent roots in any foreign country, unless I have obtained citizenship in that country. Just like any guest should do, I plan to always be prepared to pack my bags & depart, when my hosts feel that I have overstayed my welcome, or if I feel uncomfortable with a change in the living conditions. As for gaining residency and/or citizenship in Thailand, I have heard of two paths: (1) working in Thailand, as an employee of a Thai company, for a certain number of years; or (2) having ownership in a company, based & operating in Thailand - and, in both cases, paying Thai taxes. For citizenship, I believe that you have to be able to speak, read & write Thai at a relatively high level of proficiency. For more details, and other options, you should speak to a Thai immigration lawyer (not a visa agent). This is just my opinion, so take it with a ton of salt. I am not an expert on these subjects (nor on many others), so please do your own research before making any decisions! Feel free to ignore & move on! :)

[@40yearexpat]

I consider myself quite adaptable, having been on project assignments around the world for the past last 45 years, but there is no city/country I’d retire to, including Thailand. All countries have risks, challenges and unknowns, and it’s harder to integrate in Asia (and no desire to hang with other expats….been there, done it). But I still like to visit Thailand/Asia, but head back to the US when I’ve had my fill. For those considering living overseas, think twice, especially those who’ve never left their home country, though I recognize some think it’s a viable option if only a small pension to live on. Sooner or later, the thrill is gone, and then what?

[@tvierra6358]

If you’re serious about staying here in Thailand, get an LTR visa if you qualify. The total cost is about the same as a yearly retirement visa with a multiple entry stamp every year. You only have to report 1x per year if you don’t leave the country and come back, where the 1 year clock restarts. Bonus: The tax situation (proposed or existing) is NOT the same for this type of visa. And you don’t need an agent to get the LTR.

[@kevinvincent2994]

I have used an agent ( not accredited but a legal form) and I was told by BOI afterwards that I should apply myself or through one of their 5 accredited agents . And now having to jump through so many hoops .

[@tvierra6358]

@@kevinvincent2994 I did not use an agent and did everything online myself, up to the point where after everything was approved, I went to Bangkok to make payment and get the actual visa stamp. Yes there are “hoops” as you say, but they tell you exactly what’s needed along the way. The whole process took a period of about a month and a half with various communications going back and forth between the BOI and myself. At one point they switched from using their web portal to using email where they would respond within 12 hours or less. I might say that if you use an agent, you will still have to get all the correct information together anyway and it will still take the same amount of time because these necessary documents go out to various agencies and are returned to the BOI. This means BOI is not responsible for the delays, but rather immigration, etc. where these documents have to be verified. Hope that makes sense!

[@tvierra6358]

@@polupopus5836 Agreed. That’s why I already had many baht in Thailand BEFORE the new tax implications and I always bring in US dollars whenever I return from US trips and exchange here bypassing the bank. Luckily every change the Thai gov’t does isn’t retroactive, only going forward and is mentioned before it actually becomes law. 🙂

[@les8518]

Residency and citizenship is there. But the hoops compared to many other countries takes a long time and not easy. In hindsight and knowing what I know now. I would have chosen another Asia country. I am committed here now and it does concern me.

[@actionator]

Great points to consider!

[@frankcentofanti9317]

Have you been to Montenegro, it looks amazing even though SE Asia is cheaper I like the 3 seasons would fit better for me.

[@RamzeTravels]

I haven’t 😮 The world is a big and beautiful place and I long ago decided that I never have to choose just one place 😁 My only hope for these videos is to just help with info for others to make their best decisions ✌️

[@frankcentofanti9317]

@@RamzeTravels Thanks for your feedback greatly appreciated, Before i hit SE Asia looking at European Mediterranean countries first aka Portugal, Spain & Montenegro

[@raylamberton6002]

Australian pension is not exempt from tax. They have a threshold that is tax exempt.

[@MU-s8r]

Is that threshold above the normal state pension level? If so, then the pension is deemed tax free.

[@ChrisFoster-m8t]

I don't believe in our life time, we as foreigners will never see stability or let's say welcome us with open arms. You make perfect sense in everything you brought up. We are nothing more than glorified tourist in Thailand. I don't get it and I doubt i ever will.

[@ma3stro681]

It’s be$t you never invest anything in Thailand you’re not prepared to walk away from … 😎

[@merckxbelgium]

Yes to everything you said.

[@dougtexas9075]

If a person pays tax to the US, he shouldn't be double taxed.

[@RamzeTravels]

In theory yes but they are also saying they may credit you for what you paid but tax at a higher rate and ask for the difference. I highly doubt they will do it but it’s one of the many unknowns.

[@UP-2-U]

The conundrum. Go to Thailand or any other country of your choice to retire. Do you want to stay long term? Jump through numerous hoops to get one of the various visas. Then you must(?) provide proof of health insurance. If you are 75 or older, most insurance companies will not provide coverage. And if they do the premiums are outrageous, often equaling 50% or more of your monthly budget. 75? That's a good retirement age these days. People don't live longer, they just don't die as young as before. There are no 130 year old people out there and very few that are even 100+ y.o. So yea...go to country X to retire because the cost of living is lower than your country of residence. BUT just don't go there if you get old enough to actually retire.

[@sokaiya1]

Most of the people over 100 years ago lied on their birth certificate

[@ebaum1417]

This is why I am looking long-term at places like Portugal or Malta. They have a much more rational approach to long-term residency and a real path to citizenship and associated benefits. In the meantime, though? I *love* SE Asia

[@Mike-du1dc]

All true Thailand is totally a risk. It is a one way street. All in Thailand favor. You get a 1 year permission to stay yet still need to check in like a felon every 90 days....EVEN with a 1 year permission in my passport. Then as you said re-entry permit? Even though I have a 1 year permission if I take a short hop to Singapore etc then I have to pay to come back in basically the same fee I paid for my 1 year permission. About not owning land I am ok with that because I know the Thai people/farmers need the land themselves & would be priced out same as Hawaiians were in USA. But yes everything else I agree...Anyone moving to THailand better not burn all bridges as you may need them to get back to a stable life.

[@sokaiya1]

Healthcare's main issue is not covering pre-existing conditions. Although some companies do cover them you just have to shop around. Regardless you have to make a business case. Is it still better and cheaper than the West? The visa situation has to be take one year at a time. You can't get ahead of yourself. The biggest threat i see are NGOs infiltrating Thailand in the future and allowing mass immigration which in that case would make Thailand collapse just like the West. You could also just get a work permit and bypass all these other changing visa rules.

[@innercynic2784]

My wife is a Thai insurance agent. You can get insurance if you have preexisting conditions but you have to state as much prior to getting any policy. And there's, in the case of her company, at least a one year period after getting the policy where you had better not die or fall ill or you get nothing.

[@sokaiya1]

@@innercynic2784 let’s say for instance you have a sore foot. And they consider that a pre-existing condition even though you have never had a treatment or diagnosis. What would happen in that case?

[@michael-lt2lf]

@@sokaiya1 Bingo! They would not pay out.

[@furryfun898]

I'm a newbie and have only been in Thailand for six months. I relocated from Australia and feel reasonably secure here. Shifting policies on immigration (and everything else) are, for me, a minor issue. What's the point of stressing about things I have no control over? Get the right visa that suits your own needs and worry about it when the time comes for an extension. Tax will be a minor issue for me. Income from investments in Australia are already taxed, so any liabilities I may have to the Thai government will be low, if anything. Thailand isn't going to suddenly start kicking decent , law-abiding expats out of the country, so some calm is called for on shifting immigration policy. Hopefully, we bring enough money into the country to make us somewhat important. We shouldn't pay too much attention to the rumours that float around, change is increadibly slow, and often never happens, so why stress. Why should Thailand offer foreigners citizenship at all? I believe we are lucky to be here and need to respect their right to create policy...even if we don't like it. The Thai attitude that if you don't like it here, go elsewhere is totally justified. No matter where you go in the world, there will be issues. Accepting that Farangs are treated differently by police than locals is, in my opinion, a small price to pay for what we get from being here. The fines for infringements are almost laughable compared to Australia. Get a license and wear a helmet, and if you're unlucky enough to be involved in a traffic accident, common sense prevails, and at least your head is protected. In the case of getting old, I retired eight years early and can't claim a pension until I turn 67. I couldn't have stayed in Australia unless I continued to work. But the lower cost of living meant Thailand was the best solution for me. Once I can claim a pension, I will reassess my position. I follow the law and respect the rights of the Thai people to dictate policy. There are good and bad things anywhere you go... but which one we choose to focus on is the difference between a happy or an unhappy retirement.

[@michael-lt2lf]

'Thailand isn't going to suddenly start kicking decent , law-abiding expats out of the country,' I agree with everything else you've said except this. You cannot apply logical thinking (at least as it's applied in western countries), to Thailand.

[@thefilipinapee]

Don’t come to Thailand to retire, look to South America or Caribbean nations, Eastern Europe. Thailand will always see you as outsider. Aka Farang

[@Albon29yd]

In life there is no security. Our biggest insecurity is our bodies giving up on us. All else pales into insignificance. In Australia there is security from the government but if you are over 70 you might die soon. Don't think if you are 60 you will have 20 years left . I had a heart attack at 66 and if I was overseas I probably might have died and yet I never smoked or drank. Don't worry about these minor details, in the scheme of things they are not that important.

[@GuitarJams-zs7yf]

I heard the countries Albania and Georgia gives USA citizens a 1 year free visa stamp on your passport when going there.

[@KellyMarie-y3s]

Thailand is the perfect country for me a true paradise but yes this is the case. But you know what it’s ok I’m just happy to be able to enjoy it while young but Thailand is for the Thais like other people have said! I’m a nationalist so I think everyone needs to respect the boundaries and limitations of each country so that we can ALL preserve our cultures.