Quote from BlueHorseshoe:
While Nana's here and we're talking Thailand - last weekend's edition of the Financial Times ran a good, long article about expats settling in Phuket with kids and everything. Seems more and more expats are settling there.
I guess that is old news, but if someone was really interested they could probably scrounge up an online copy of the article somewhere.
Do you want to know why? Because There is no inflation
in Thailand despite any economy growth.
You might ask how this is possible?
Because 95% Thais don't earn shit, so there is much room
for any inflation or property price appreciation.
Then where all the money goes to?
Goes to Rich Thais (chinese thais), and foreign companies
and foreign real estate companies, in return they employ
Thai people and plenty of tax money for thai government
which goes to building bangkok infrastructure and they are
building new airport with biggest terminal in the world and
largest airport in Asia as region aviation hub which can handle
100 million passenger a year.
I read this from Bangkok post few weeks ago
Every year just 60,000 foreigner get Non-immigrant visa
through buying apartments in Bangkok alone (Bangkok
will is going to explode considering current 20-24 million resident)
Apartment buyers ranking (...>3 million baht) last year:
-Japanese 5.5K+
-Indian 5K+
-chinese 5K+
-American 4.5K+
-British 4K+
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