Foriegn land ownership

If it should remarkably become law, its a bit too late for most of us!

My first Thai wife, back in 1987 when we first had a house, was unable to have it in her name. Laws then forbade wives of farangs owning property. It had to be bought in her Father's name. To safeguard things I had my name added to the chanote as Mortgagor. When the marriage went tits up, neither she nor her father could sell until they had settled with me!::smile::
 
Prakhonchai Nick said:
If it should remarkably become law, its a bit too late for most of us!

My first Thai wife, back in 1987 when we first had a house, was unable to have it in her name. Laws then forbade wives of farangs owning property. It had to be bought in her Father's name. To safeguard things I had my name added to the chanote as Mortgagor. When the marriage went tits up, neither she nor her father could sell until they had settled with me!::smile::
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Yes mate, it's a mine field. It has a snowballs chance in hell of becomming law--we all know that.
 
gotlost said:
1 rai of land ;;haha;; ;;haha;; ;;haha;; ;;haha;; ;;haha;; They stick that where the moon don't shine. In the USofA any body with;;money;;;;money;;;;money;;;;money;;;;money;;;;money;; can buy.
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Mate, at the moment, we are going through the hoops, swings and slides of securing our assets against hoarders/ raiders in the worst case scenario.
All our assets, outside Pat's maiden name, financed by me, are the issue.
We have a legal firm, experianced in this conundrum, working on cementing this.
Our girls welfare, is tantamount, as, is my long term ability to retain overall steward ship.
 
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Just seen a news report which indicates one would need to invest 40 millon baht in Thailand to benefit. Anyone with that sort of money would no doubt want a grandiose house, which would not fit on 1 rai of land!
 
Why build on property you don't and can't own? You're basically leasing the land you build on.

I built a place in the village ages ago that was already owned in my wife's name on family land she inherited. (And not some McMansion that did not fit in the neighborhood, better than some, but plenty enough better as well around owned by Thais with some money to splurge and show face.) In case something happened to me she had a home, free and clear of any mortgages. If she left me, up to her, and I could easily leave and rent something for myself if I wanted to stay, far away. :) Rent is cheap here. Love is grand, but it does not always last, as seen by a 50% marriage failure rate in much of the world. And if the Thais get crazy and do some sort of peasant revolution, communist stuff, or change the laws at least you can up and leave and not lose everything. Many guys seem to put their life savings into building the home of their dreams here, and it can all go to shite easily, and not in their favor. You can/should only invest what you can afford to lose and still have money left to live on if it all turns to crap. JMHO
 
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Prakhonchai Nick said:
If it should remarkably become law, its a bit too late for most of us!

My first Thai wife, back in 1987 when we first had a house, was unable to have it in her name. Laws then forbade wives of farangs owning property. It had to be bought in her Father's name. To safeguard things I had my name added to the chanote as Mortgagor. When the marriage went tits up, neither she nor her father could sell until they had settled with me!::smile::
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Ahhh...the good old days. :)
 
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