Why Foreigners SHOULD NOT Buy A Home In Thailand
Вставка
- Опубліковано 10 жов 2024
- In today’s video I discuss why it may not always be a good idea for foreigners to buy a home in Thailand. I also discuss why I believe that sometimes it is a good idea to buy in my opinion. I also share links below that covers all of the information covered in this video.
The Thai Gift & Foreigner Joe UA-cam channel is seen by people from all around the world. We post videos of our journey while living in Thailand and traveling around the world for the pleasure of our audience only. Our content is not meant to encourage/discourage or influence anyone to travel, live, work, marry, retire, rent, buy, build or own a home, land or business in Thailand or any other country for that matter. Our content covers a wide variety of topics including cost of living, travel, food, real life stories, informational videos, homes, condos and land for sale or rent and much more. Our videos are based on our own experience and we do not claim to be, nor are we experts in regards to any of the info that we may share with our audience. It is highly recommended and encouraged to seek professional legal advice, visit official Government websites and fully understand, countries laws, rules & regulations, terms and conditions prior to signing any legally binding contracts.
How to support the channel:
www.buymeacoff...
Tip Jar (PayPal) 🙆🏻♀️
www.paypal.com...
How to contact us:
Facebook: Thai Girl Gift and Foreigner Joe
Instagram: snow.gift
Link to the video of our home when it was finished being built
• Our $188K Little Parad...
Link to info on a Usufruct in Thailand
www.siam-legal...
Link to info on prenuptial agreement, Thailand
 www.siam-legal...
www.siam-legal...
Link to Info - can foreigners buy land in Thailand
tastythailand....
JJ,s contact info
Line ID: jia42864
WhatsApp: +66804955456
E-Mail: mr.jia30@gmail.
Vhome บ้านวีโฮม
061 545 9594
maps.app.goo.g...
For info on Tax requirements in Thailand,
Check out American International Tax Advisers WhatsApp:+66910571270 LINE: 0910571270
kenbrown@businessclassasia.com
For Legal assistance of any kind in Thailand,
Check out the link to Thai Legal Protection below.
thailegalprote...?ref=zwexnzy
Some of the services provided for just a small monthly fee include
Coverage Details:
Immigration Issues
Insurance Claims
Traffic Casualties
Business Negotiations
Liability Insurance
Domestic Disputes
International Travel Visa
Buying or Selling Your Home
Child Adoption
Living Will or Last Will
Review of Contracts
Cyber Crime
and More...
In today’s video I discuss why it may not be a good idea for foreigners to buy a home in Thailand. I also discuss why I believe that sometimes it is a good idea to buy a home in my opinion. I also share links below that covers all of the information in this video.
The Thai Gift & Foreigner Joe UA-cam channel is seen by people from all around the world. We post videos of our journey while living in Thailand and traveling around the world for the pleasure of our audience only. Our content is not meant to encourage/discourage or influence anyone to travel, live, work, marry, retire, rent, buy, build or own a home, land or business in Thailand or any other country for that matter. Our content covers a wide variety of topics including cost of living, travel, food, real life stories, informational videos, homes, condos and land for sale or rent and much more. Our videos are based on our own experience and we do not claim to be, nor are we experts in regards to any of the info that we may share with our audience. It is highly recommended and encouraged to seek professional legal advice, visit official Government websites and fully understand, countries laws, rules & regulations, terms and conditions prior to signing any legally binding contracts.
How to support the channel:
www.buymeacoffee.com/ThaiGirlGift
How to contact us:
Facebook: Thai Girl Gift and Foreigner Joe
Instagram: snow.gift
Link to the video of our home when it was finished being built
ua-cam.com/video/FoMQ1Gop4rk/v-deo.html
Link to info on a Usufruct in Thailand
www.siam-legal.com/realestate/Usufructs.php
Link to info on prenuptial agreement, Thailand
www.siam-legal.com/legal_services/thailand-prenuptial-agreement.php
www.siam-legal.com/realestate/thailand-buying-house.php
Link to Info - can foreigners buy land in Thailand
tastythailand.com/how-can-a-foreigner-buy-property-in-th
JJ,s contact info
Line ID: jia42864
WhatsApp: +66804955456
E-Mail: mr.jia30@gmail.
Vhome บ้านวีโฮม
061 545 9594
maps.app.goo.gl/wsN9DEB991gu67scA?g_st=il
For info on Tax requirements in Thailand,
Check out American International Tax Advisers WhatsApp:+66910571270 LINE: 0910571270
kenbrown@businessclassasia.com
For Legal assistance of any kind in Thailand,
Check out the link to Thai Legal Protection below.
thailegalprotection.com?ref=zwexnzy
Some of the services provided for just a small monthly fee include
Coverage Details:
Immigration Issues
Insurance Claims
Traffic Casualties
Business Negotiations
Liability Insurance
Domestic Disputes
International Travel Visa
Buying or Selling Your Home
Child Adoption
Living Will or Last Will
Review of Contracts
Cyber Crime
and More...
Thank you Joe, excellent video and opinions, I agree 100% , I am married to a Thai lady and she already own a house and is paid for, that makes really easy for me , she paid 900,000 THB 20 years ago, new build, we are married for 6 years and planning to retire 50/50 between Thailand and the Czech Republic, I own a house 2 hours north of Prague, we live in Colorado right now, my wife is running B&B with a spa, she loves snow and she is a good skier now, sometimes we get lucky , my wife loves many sports and adventure, most of her Thai friends even don't know, how to swim and are afraid to try anything new , not my wife, she want to try everything, from sky diving, surfing to scuba diving, she is awesome
So happy for you.
I like how many of your American expats neighbor are renting Thai style houses in your neighbor hood and putting a little money into fixing the rental home up to make them like American style houses. Mike and Nicole's house is a perfect example of how to turn a Thai style house into an American style house for cheap. Renting is the best option for most expats in Thailand.
Thank you for the information. Many items to ponder. My Thai wife and I have been together for 10 years (in the US) and will move forward with building a nice home in Thailand. I love your consideration of Gift. We wish you and Gift a wonderful wedding. We are currently looking for builders to do the work on our land. Our real estate agent gave us a few and I found JJ's info on one of your "build" Vlogs. Thanks again...
My pleasure!
I like your philosophy on life Joe and the honesty that comes with it. Agree rental is the best scenario for the majority as most don't have the solid relationship you have with Gift. You're one lucky guy mate but it's of your own making and to find a lady with the qualities of Gift is rarer than hens teeth. A good builder will save you thousands in the long run guaranteed. Nice walk there to match an educational vlog. Bushyboy Oz.
Thank you 🙏
Joe thanks for a walking education + offering different perspectives. You + Gift will have many many good years together with no regrets. You both are good people with strong character + values. God richly bless you!🙏 Rick
Thank you 🙏 so much for your kind words. God bless!
I am 70, my thai wife 56. We purchased our house in Sam Roy Yot in 2020 during covid. The house was 14 years old and not lived for 7 years. We did the math and determined that we wanted to stay put in hua hin area. Quiet, relatively close to hua hin and away from nonesense. We lived in the us and decided to sell it all. No country is perfect. We enjoy living in other countries for 90 days at a time, but it's good to chill where life is uncomplicated here in Thailand.
Congratulations on living the good life.
Hey Joe, Great heartfelt walk and talk. I'm up in Roiet and my marriage didn't work out, she broke every promise but I have two great sons and a stepdaughter no one can take from me. At almost 73 yrs old this wasn't my retirement plan but I wouldn't change a thing I did. Like you I protected myself and have no regrets. I was working in Norway when my house was being built and boy do I wish I was here during construction but in the end it's just a house. We're in a gated community and the basic construction is good in all the houses so I can live with it for as long as I'll be here on this earth. Whatever I leave behind when I'm gone is for my children, their insurance policy and it won't bother me one bit. You are so right to make sure Gift isn't left with nothing when you depart this earth. She put her trust in you and gave up her security to be with and care for you, can't put a price on that. I really enjoyed this one Joe. All the best to You and Gift.
Thank you 🙏 so much for watching and sharing. Wishing you many more years of happiness.
wisest words today "we will protect each other". Good sound advice man. I appreciate the video gave me a lot to think about for when i do move to Thailand permanently to be with my GF and son. Thank you for the video.
My pleasure! Glad you enjoyed it.
Hi Joe, GREAT VID 100% agree with you, keep up the fun vid's love them, much love to you & Gift for the upcoming nuptuals
Glad you enjoyed it! We much love you as well.
Nice video. I had a similar thought process. Been married to Thai wife for 23 years. Relocated to Thailand and bought a freehold condo in my name 16 years ago for 11.5MB (fully paid off). Alternatively the amount of rent that I would have paid for 16 years is approx is approx 12.5MB. So I’m already in the money and recent re-sale transactions indicate that our condo is now worth about 15MB (in the EM District). Although I have health ailments I hope to live here another 20 years, and my wife is likely to out-live me…so that would equate to another 15MB in rent in the future that would be paid if we hadn’t bought a condo, and it’s good to know that the wife will still have a comfortable home for the long term.
That is awesome! Very happy for you and your wife.
Another SOLID video full of wisdom and valuable information. As always thank you for sharing 🍻🍻
My pleasure!
I agree with you 100%. At my age it just doesn’t make sense. If I want to move to another location I just pack up and go no looking back 👍
One of my relatives has a place on Phuket. He loves it. His wife is Thai, and they live 6 months there and 6 months in the US. They are planning on moving there full-time next year.
I’m sure they are going to love living in Thailand full time.
Joe, your are a smart man. Love your message and how you present it all. Your very lucky and yes you're very savvy. A man with a huge heart you're now getting back what you deserve. Keep up the great info and advice, I don't take it lightly.
Thank you 🙏 so much for your kind words.
Always enjoy your videos because you put out the good and not so good scenarios when it comes to life!!
Thank you 🙏 so much!
Thank you so much for the information, you'll save lots of people from a lot of trouble and heartbreak. I'm a follower. Your wife is very fortunate...
My pleasure!
Joe love you, your channel, and the way you think. Thank you for opening the doors to your life.
Thank you 🙏 so much.
Can’t wait to see the whole gang back together + Jonny partying! 🎉🎉🎉
All sound advice as usual, thank you Joe for sharing your experience
My pleasure! Thank you 🙏 for watching.
Once again I loved this video
You just say it like it is
I have been watching this channel since your Bangkok days
Love your channel
And you guys as well
Thank you 🙏 so much! We love you too.
Congratulations on your marriage, and may you have a wonderful life together for many years to come.
Joe, there is no doubt that you have a wonderful heart and are a great person.
Thank you 🙏
Good morning Joe and Gift congratulations on getting married soon have a great day!😎👍🏼
Thank you 🙏 so much.
Thank you for the information!!🙏 Thailand is a rental Society so if you go with the flow, your life will be smooth…
Could you make a video one day on banking what the good banks are with the good reputation and what ones to stay away from? Thank you.
My pleasure! The best bank IMO is Bangkok bank.
Well, I must admit that your “plan of action” is noble and just. I honestly can sense the happiness emanating from the both of you vastly increasing successful matrimony!👍
🙏
I totally agree with your analysis about the house. This isn’t the first time you’ve explained your reasoning. I was very happy for you that you decided to get married. I really think you guys are going to go the distance. I’ve got a Thai wife and two kids with her. We bought a house before we even got married. We’ve been together 18 years now. I actually have no rights to the property. We do have the kids and they will eventually get the property, so if I were to ever end up on the wrong end of the stick, I’m ok knowing my kids will eventually get it.
Thank you 🙏. And Thank you 🙏 for sharing
Thank you for your honesty, Joe sharing your personal journey 🙏
My pleasure!
Very good video Sir. Some very good honest advice. Greatly appreciate it. Even though you don’t drink much . Cheers to you and Gift. 🍻🥂
Thank you 🙏 so much. Glad you enjoyed it.
Thank you for the video Joe. I like these types of videos 👍
Glad you like them!
Great advice Joe...❤❤👍👍🙏🙏
Thank you 🙏
Many fail to realize that Thai ladies can also get a mortgage. With an income of 50,000 baht a month (easy for a young Thai couple to make 25k each every month) , they can borrow 2 million baht, which is enough for a 3 bed home out in the burbs of Bangkok. Our 3 bed home cost 1.7 million, monthly mortgage repayments are 9000 baht.
In our situation, she had ability to get a mortgage, and I fronted up with 10% deposit meaning we both had a few lollies in the jar.
All cost are split equally, I pay half the mortgage, power, wifi, water, maintenance costs etc. Benefit to me is a cheaper cost of living in a spacious home rather than stuck in a tiny condo, benefit to her is that eventually the mortgage will be paid off and she will own a freehold home in her name.
If for some reason we do split, Ive lost nothing, renting a place would cost 20,000 baht a month, her mortgage is only costing me 4500 so financially I am 15k ish a month better off. For her, a split up would lead to minimum damage, she can still afford to keep the home and continue to pay off the mortgage.
Thank you 🙏 for sharing.
@@BangkokBurbs Love is on the air 😆😄
great one mate enjoyed it a lot
Thank you 🙏
You are absolutely right. Just rent for the first couple of years.
And if you want to buy get the proper information :
Before making any investment decisions, it's essential to conduct due diligence on the properties you're interested in. This includes inspections of the property, verifying legal documentation, and checking for any encumbrances on the property.
👍
So good video again and very good thoughts about living in Thailand 😊
Thank you 🙏
Great video Joe . Gift is a beautiful intelligent lady you both are so lucky to have each other . We both wish you all the very best for the rest of your lives together . Permanent relationships are very rare these days we know this one is for the rest of your lives ..🙏🙏
Thank you 🙏 so much!
I'm sure I'm not alone when I say, Gifts dance is what I look forward to at the end of every video 😉🙏👍👍
🙏
You're a good dude, Joe. From an expat "renting" in Chiang Mai. But like you, some things you can't get unless you build or buy. Cheers!
🙏
Joe, we met in 2019 for lunch while you and Gift lived in Bangkok. We were then living in Sandpoint Idaho, We had built our home in Rayong in 2014. We are back living in Rayong and happy to be here. We just bought a pool villa in Ao Nang Krabi for our family and possibly to use and airbnb. Everything is in wy Thai wifves Name we have been married 17 years. After living together for 10 years in the USA I think she can put up with me for awhile longer. Good video thanks for the sound advice.
Thank you 🙏 so much for sharing and congratulations on both your homes.
Correction we built our home in Rayong in 2010 moved to the USA in 2014
I agree with you 100% Joe.
🙏
You are definitely correct. Some might say, a real humane being. Not many left in the states.🥺
🙏
So true! 😢
Wonderful video, i agree now we have to protect, i am younger than you and date younger girls and i see very hard to work out in thailand, so i dont want to marry and take risks either, or build. Is thanks to these videos that people should wake up and see how reality is
Glad you enjoyed it!
Just saying thanks for all the good information given there about living in Thailand. That's good Jimmy's Reggae Bar is still open. You and Gift have a great day there in PKK.
Our pleasure!
Joe, also the insulation you did for the roof. Was a great move.
She is a wonderful woman for you and nobody can justify anything different. Your a good man Joe and Gift is a wonderful woman. All the hapiness in life you can have.
You served your country in many ways and you have the right to live your life the way that makes you happy. Good for you Joe. .
Thank you 🙏 so much for your kind words.
Good solid information Joe, Thanks
Thank you 🙏
Joe your are so right
As far as my concern, your principles have basically earned a lot of respect from me. How you give Gift in regards to your estate when you leave, well it concern nobody and never should you need to justify. Having a house in Thailand? Definately not for every one especily for me. Why me? I am only 3 hours away from Bangkok by flight. Each of us have our reasons for how we spend our money , so as long as you can afford it its up to you. I still wonder how you motivate yourself on the daily workouts, me i can do for a week then off for 2. Hahahaha
Thank you 🙏. To work out, I definitely struggle to motivate myself every now and then. Having my son David here is keeping me motivated now 😄
Fabulous video Joe.
I am in the same situation as you and Gift, and can not wait to start building OUR home and have already touched base with JJ 😊😊.
One thing that I am wondering is, god forbid, if Gift goes before you,.
What happens regarding the land that is in her name, is it covered off with her will, and your pre nup?
Good luck for your special day next year, and both of you stay safe.
Thank you 🙏 I’m covered and will be able to remain in my home until I take my last breath.
You are a good man, my brother, and lucky to have a good woman. I'm very happy for both of you.i wish you the best and all the happiness in the world. God bless you.
Thank you 🙏 so much! God bless!
"Never say never". Buying a house or condo in Thailand requires a lot of thought and research. Actually a home or condo can take a long time to rent. I recall the story of an Italian resident who had to sell his condo becausse he had go back to Italy for cancer treatment. The condo did not sell and the Italian went back home and died shortly after. I have been in Thaialnd for 7 years and have never considered buying anything bigger than a TV. Renting is the way to go. Best of luck to your future nuptials.
Thank you 🙏 for sharing your thoughts.
Makes sense to me. My pre requisites are that u have:
Eother an age appropriate wife that u have been with for 5 years or more and or
A biological thai child.
Plus, u also were paying a far higher rent, so the rate of return makes sense, as does your conservative age expectancy.
This is a great video on this subject.
Obviously there is risk woth any woman or partner re assets but you've done the best that any farang can do here in thailand.
Thank you 🙏. Glad you enjoyed the video.
gift by name and a gift by her nature .shes a keeper i can see she loves you to bits i hope your very happy together god bless from north wales married to thai 20yrs three sons very happy.
Thank you 🙏. God bless you and yours as well.
lucky he does not speak german huhu
Total different meaning and different spelling. Poison/s (gifte) poisonous (gifting). Wünsche dir einen schönen Tag
The ROI of buying a condo in Thailand is not worth it IMHO. I just rent in Bangkok and enjoy life.
That’s what I heard.
Great rundown. Were very much in the same situation as you and Gift-been married to Apicha for 12 years and no regrets-I will likely pass before her and she will get all that I have….and I think she deserves it! Lol
Thanks Joe.
We did it a similar way but by the time we started building (4years after buying the land with usufruct) we got married. I had a building permit in my name but when house was finished we were refused blue and yellow books on the grounds we are married. Had to reverse the permit when the house was finished. Some districts will allow and some won’t 🤷🏼♂️. Nothing the lawyer could do. Probably should have built before marriage but am not worried about it.
Am very happy though 👍
Thank you 🙏 for sharing. Guess I was lucky as my name appears in Thai, in the blue book, and Gift’s name as the primary and owner of the land in the blue book, I have the yellow book my name, pink Thai id card and house deed and building permit in my name. You are correct, for whatever, some provinces don’t allow it. Maybe they just don’t understand the rules.
U are a true gentleman.
Thank you 🙏 for your kind words.
Congratulations to both of you for getting married. God bless. ❤🙏 I also use TLP and they are good. I’m on monthly membership. They save me from entering a bad rental contract. Highly recommended.
Thank you 🙏 for sharing. God bless!
Life is a holiday,But you can never ewer go back again. Live and love :-)
I agree ☝️
Perfect thoughts for Ex Pats thinking of buying or building a house.
🙏
100 thumbs up for you....decent couple,,,,
Thank you 🙏 so much for your kind words.
Great information Joe…words of wisdom indeed…I took my wife away from a career as well…you always feel a bit more responsible after that…it’s in the psyche…lol…and the thing is…in 25yrs…I’ve never heard her use that in an argument…..”I could a been a contender”…..haha
Thank you 🙏
Very insightful video on options available. Your recommendation for people to do their research, based on their specific circumstances, is spot on!
Question: on the very remote chance that Gift were to pass before you, I imagine your lease on the property allows you and your “heirs” rights to the home for the extent of the lease, correct? Gift’s Thai “heirs” would have land ownership. (Apologies, if these questions/comments are too personal please feel free to delete) 😉
GO ARMY!
Thank you 🙏 Here is some info that you may be interested in. I also have a link to the article in the pinned comment.
What is Usufructs?
A usufruct, in Thai language called "Sidhi-kep-kin", provides temporary ownership rights for use and enjoyment of the property along with an advantage of being able to reap the profits from property belonging to another as long as the property is not damaged or altered in any way.
The right of usufruct transfers possession, use, and enjoyment of immovable property from the owner to the usufructuary. Usufruct can only be registered over properly titled immovable property and is established by agreement with the owner and registration at the local land office.
Use of Usufructs
Although the law does not prevent Foreigners from being able to apply to register a usufruct on a land, however, this is still subject to the discretion of the Land Officer.
The person who enters into a contractual agreement with the owner for this right is called the "usufructuary". Section 1418 of the Civil and Commercial Code provides that a usufruct may be created for a period of time or for the life of the usufructuary. A usufruct will be registered in a similar manner to a lease of up to 30 years or until the lifetime of the usufructuary.
GO ARMY!
Excellent video thank you.
Glad you enjoyed it!
You Lay out Many very great Points ..Custom Homes are
always Higher than '' SPECK '' Homes and better in the
Long Run ..
Glad you liked it!
Born & Raised in S.Jersey
Been in Nags Head N.C.
34 years ..
I totally agree with your statement that there are too many condos now in Thailand. The condos rental market is over flooded in Bangkok and the prices have dropped down to about $500/month for a very nice service apartment near the BTS/MRT stations. Unless Thailand allows you to become a citizen with all rights of citizenship, it is better to stay liquid in cash than to tie up your cash in a house or condo. If you want to guarantee your Thai girlfriend's security when you die, you don't have to buy her a house. You can just have a lawyer write up a will and Living Trust legal document, to make your girlfriend a beneficiary to receive a share of your net worth when you die. There is another American You Tuber who recently bought his house in Rayong Thailand under his long time Thai fiancee's name as the new owner. He then arranged for her to visits his home in America. After about three months living and traveling around America together in an RV, they realized that they are not a good match for one another. They ended their relationship before she flew back to Thailand. He ended up having to give up on his house in Rayong, and he had to make the house a gift to his ex girlfriend, like it or not, because the house is legally under her name anyway. Including the land the house sits on, that American man lost more than $100,000 on that house that he bought. Thank god that he can afford to lose that kind of money with most of his million dollar+ inheritance still sitting in his bank account. You live and you learn.
Thank you 🙏 for your opinion. I
explained my rationale for building a home in Thailand and how I have protected my assets. Definitely not for everyone. In saying this, there are many successful relationships with foreigners and their Thai wife, husband and loved one. Unfortunately, life is unpredictable no matter where in the world and some relationships don’t work out.
Interesting points for people to ponder
🙏
Like you, my friend, I've been with Ta since 2015, and we got married in 2017 . To this day she's been there for me 24/7 , she's loving, caring, intelligent, has a bachelor's in business and definitely hardworking. She like Gift gave up her career to live with me in the States. Sacrifices like the two of them made for us deserve the very best we can offer them and that my friend is love ❤️. Of course there are the naysayers and critics but that's to be expected ! I will buy land and build our dream home, and whether you and I live to be 100, we will leave them a legacy of security and comfort should we leave this planet before them ! Yes, Thailand and building a house here is not for everyone but not everyone is like us 😂 !
Thank you 🙏 for sharing.
Wise Words my friend 😉 You know it is true....For those of us well invested in our marriages ok we know the risk & yes some of us buy or build a home knowing full well it is for our wives. But for the majority of Foreigners especially single retirees...Yes rent is better101% You can always move around see new areas if one area gets old or worse...loud...ugly etc. But yes do not expect a return even if selling in the future. Thai real estate appreciates slower than molasses drips 555...PS: I am a bit older than you (67) but I have been married three time 15yr, 12yr & now 17+years Never had a prenup...never lost a dime....I think if your an honest person & fair it all works out. Prenups I personally could not start a marriage planning for the end....Take Care!
Thanks for your opinion. As for me I am planning my future with Gift. As you said you been married 3 times, I’m sure each time you didn’t plan for the end but life happens. If you don’t want to protect your assets, totally up to you.
My wife won't let me clean, washing, etc. This is love. 🎉
Just one of many traits that I love about Gift.
I with u rent for t least yr or more till u get ur feet on the ground many blessings from North Texas ❤
You might look into the process of Gift getting a US green card and follow the steps to US citizenship. It's not hard. It's just a defined process. The benefit to Gift is that as an American spouse (living in Thailand) she can take over your pension or social security after you've passed thus she has income for the rest of her life. It may seem like a hassle but if you really want her secure after you're gone then get her access to have your retirement income after you're gone.
Gift and I would have to live in the US for 5 yrs in order for Gift to be eligible for my SS benefits. This is something that we are not willing to do.
Requirements for Foreign Spouses to Receive Benefits
First, non-U.S. citizens may receive Social Security benefits abroad if they lived in the United States for at least five (non-consecutive) years as a married couple. In the case of divorce, the foreign divorced spouse can still qualify for spousal benefits if the five-year rule has been fulfilled and this spouse has not remarried before age 60.
Second, if the spouse is a resident of a country that has a Social Security Agreement with the U.S., they’ll be entitled to benefits. Also known as Totalization Agreements, these agreements help avoid double taxation of Social Security payments and provide clarity as to how foreign spouses can qualify for benefits. If your foreign spouse is a tax resident of one of the following countries, the SSA will continue their benefits.
Countries That Qualify Foreign Spousal Benefits Based on Residency
Australia Finland Japan Slovenia
Austria* France Korea (South) Spain
Belgium* Germany* Luxembourg Sweden*
Brazil Greece Netherlands Switzerland*
Canada Hungary Norway United Kingdom
Chile Iceland Poland Uruguay
Czech Republic Ireland Portugal
Denmark* Italy Slovak Republic
*If you are a resident (but not citizen) of Austria, Belgium, Denmark, Germany, Sweden or Switzerland, these agreements allow you to continue to receive your benefits only if you meet certain additional requirements. Speak with an experienced international wealth manager to help determine your eligibility.
If you are a citizen of one of the countries listed below, the Social Security Administration will continue a foreign spouse’s benefits. Unlike the previous requirement, you don’t need to live in one of the below countries to receive benefits - you simply need to have citizenship from that country and live in a location the SSA can send payments to.
Countries That Qualify Foreign Spousal Benefits Based on Citizenship
Austria Germany South Korea Spain
Belgium Greece Luxembourg Sweden
Canada Hungary The Netherlands Switzerland
Chile Ireland Norway United Kingdom
Czech Republic Israel Poland
Finland Italy Portugal
France Japan Slovakia
Hi Joe and gift
Enjoyed this video , you had two fantastic strokes of luck , ( 1 ) you met Gift and have a loving relationship ( 2 ) you found JJ as your builder now friend also , but my thought are they were not luck , ( 1 ) you weren’t out getting drunk at the bars every day and night looking for a woman while you weren’t thinking properly due to alcohol, ( 2 ) you researched building a home and importantly you researched your builder and my thoughts are he’s probably one of if not the best in Thailand,
I had a modest 2 bed 2 bathroom home built on a bit of land my partner had from her mum who lives next door so I didn’t buy any land and when I’m gone she will have somewhere that will be hers and she can do what she wants with it , we’ve been together for over 11 years now but if it ever went wrong somehow , I’d walk away with two suitcases and cause no drama and wish her all the best for her future , if there ever was a problem it would be my doing I’m sure , the horror stories we’ve all heard of foreigners losing everything is no surprise to many of us , who , where and when you met , is a big part of the equation
Regards Davy 🏴🇹🇭
Glad you enjoyed it! Thank you 🙏 for sharing.
Bradenton area got hit hard from hurricane Milton!
I seen that. I been keeping my family who lives there and everyone impacted by the two most recent hurricanes in my thoughts and prayers. Hopefully, I will hear from my family soon.
gift is nice girl for you man she's a wonderful woman I have talked about this with my fiance
She really is.
been looking every day for 40days for a house and condo to buy. 5-12m. all furnished and finished like a 20k$ RV/motorhome…. total garbage inside. frustrating. buy a brand new high end place and plan on tearing the ENTIRE thing apart to have it all redone….
Good luck, I’m sure you will find the perfect home for you. Sometimes renovations projects can be fun.
Looking good.
Thank you 🙏
Jonny went to a top notch suit place in Bangkok you might want to check it out.
Thank you 🙏 for the suggestion.
Galaxy tailor sponsored that video
Joe … great video… you mentioned you paid $1050 a month for a condo in BKK .. how many Brooms and where ??
Thank you 🙏 it was the Aguston Sukhumvit 22. Here is a link to that video from the old Foreigner Joe Channel.
ua-cam.com/video/GYhjsmyruoU/v-deo.htmlsi=3TAWITXM7Cnaps8z
I bought 3 condos
Happy for you!
Joe you should keep your wedding very simple not much people just basic thai wedding
I am giving Gift the wedding she dreamed of and deserves.
Not at the top of a bull market I have friends that tripled their money in Thailand. Bought 1mil sold 3 mil
Happy for them. As for us, our home is not for investment purposes.
@@thaigirlgiftforeignerjoe7774 mine either Cause I will never sell it
Location Location Location, I bought a condo in a very good Location, Price now is more then double, it's under my own name only, belongs to me only. In case I die I have a Last Will and a Lawyer handling it. As a foreigner u can also own Land in Thailand up to 1 Rai.
Are you sure a foreigner can own land in Thailand....?? What changed then ??
Foreign land ownership in Thailand
Land ownership in Thailand is governed by the Land Code Act and under Thai land laws only Thai nationals are allowed to own land or have a confirmed right of possession of land. Foreigners may not own land unless there is a treaty or exemption allowing the foreigner to own land in Thailand (section 86). Thailand has currently no treaty with any country allowing a foreigner to acquire land in Thailand. Any foreigner who violates foreign land ownership restrictions could be fined and/or sent to jail for a term of up to 2 years (Land Code act section 111). Only a foreigner who qualifies under section 96 bis of the Land Code Act may own up to 1600 square meters (or 1 rai) of land for residential purposes in specified areas. Foreign land ownership under section 96 bis among other requires an investment of not less than 40 million Baht in by the BOI approved Thai bonds and assets which must be beneficial to Thai economy and requires approval by the Minister of Interior. If granted foreign land ownership under this exemption is limited to the life of the person granted the right to own the land (not transferable, not inheritable). Permission for foreign land ownership under section 96 bis Land Code Act is rarely applied for or granted.
Foreign corporations operating a business in Thailand may for the duration of their business in Thailand obtain special privileges and exemptions for land ownership through the Board of Investment under section 27 of the Investment Promotion Act and under section 44 of the Industrial Estate Authority of Thailand Act or section 65 of the Petroleum Act. This exemption requires large investments and is limited to the duration of their business.
@@thaigirlgiftforeignerjoe7774 here we go and you confirm exactly what I am talking about. Under Article 96 a foreigner may own Land.
Just like you the house is my name. Something Thai immigration doesn’t like they keep telling my wife she needs to go and get the house put in her name in her house book. I still have to get her to go to immigration everytime I return to Thailand to do a TM30 report even though I am legally the house master. They keep saying it has to be a thai. Only one year the lady immigration officer phoned down to Bangkok to inquire about it. She was told by Bangkok that I had to have my name as house master which she did. The next visa extension even though I hadden left Thailand my wife had to file the Tm30 report. Did you run into that problem after returning from Vietnam like I did.
No, I don’t have that issue.
Bottom Line - is it's a great investment. Even investing in a Thai Girl is a better Investment than Investing in the West.
Based upon your opinion, I have to assume you have had a (or some) bad relationship experience(s) in the west. Changing your location will not gaurantee success.
Thank you 🙏 for your thoughts.
This guy is way too wealthy and sensible. He is in the 2% here.
Sensible I can agree with 😊
Renting a house, villa much easier in Thailand
Here in US they kill for the life insurance!! So sad 🙏 The world is so ugly today!
What about a condo? With the idea of breaking even at least on rental costs? Or a 100 year lease on land?
There is the new visa thing. Also there is no way they would fully cover me for health insurance any way. Best option is $550/3months with all the exclusions. I'm on the verge of no one would cover me. So no real cover for anything I really need.
Should be a cream coloured dress 🤣 Isn't white for "purity"?
In Thailand, I believe you can only get one 30 year lease at a time. One can also get a Usufruct. I put links to that info in the pinned comment. As for the wedding dress, Gift will wear white 😊🤣
To warn people about possible difficulties in thailand is one thing. But to try to tell people " you should never buy a house or condo in Thailand" is wrong!
Every individ has their own situation and circumstances and has to make financial decisions accordingly.....
Maybe watch the video in its entirety or watch it again. Then comment.
Do not buy renting is so much a better option and there’s so much to choose from at cheap prices
Buying is definitely not for everybody . However, as stated in the video, there are exceptions.
Yeah it happens all the time!!! Don't worry about keyboard warriors ❤
Yes Joe Rent or go bust
Rent rent then rent
Joe, once married, is Gift entitled to your American pension after your demise?
No! She would be entitled to my Social Security but we would have to live in the US for five years, something we both do not want to do.
She's singing a prenup
@@thaigirlgiftforeignerjoe7774 Thanks, Joe.
@@thaigirlgiftforeignerjoe7774 … regarding your CSRS or FERS retirement whoever one it is … If you get married after retirement, you can elect a reduced annuity to provide a survivor annuity for your spouse. You must make this election within 2 years of the date of your marriage.
Now you tell us...... hahaha 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
🤣
Says the guy that’s buying a suit in order to get married and had a house built 🤔
Commenting without watching the video in its entirety.
Are you ex Army?
I am! GO Army!