Owning Property Back Home

Post by **westerby** » July 30, 2008, 5:05 am

Do those ex-pats that own property in Thailand also own property in their home countries?

Do you keep the property back home for security (just in case the situation should take a downturn in LOS)?

Or have you sold up never to return if you have no property back home?

Post by **BKKSTAN** » July 30, 2008, 6:05 am

I sold up,gave away three cars and two houses of furnishing to the Grandkids and moved here!Made one trip back home in 2002 and thats it.I kept stocks and bank accounts in the states,but I have since sold or transferred everything here!

I did it in stages as I became more secure in my marriage,same with sharing of assets here!After 4 years of marriage,put the car in the wifes name,her seperate bank acct,accumulated 200K! and in the last 4 years,I have pretty much comingled most of our savings except for my retirement account money and my pension money that is direct deposited in America,but ATMed out!

If we divorced,she would get riverbank land,her bank account,car or compensation for it and 1/2 or more of the household effects depending on my future plans!

Post by **Ricohoc** » July 30, 2008, 6:44 am

I plan to sell off everything just as Stan has done. Keep investments and the bulk of my funds in the US and move things over slowly.

Post by **BKKSTAN** » July 30, 2008, 7:00 am

Rico,maybe you should contact Obama and get ''a crystal ball'decision before you do

Post by **Ricohoc** » July 30, 2008, 8:27 am

Are you insinuating that there may be an Obama conspiracy?

Post by **arjay** » July 30, 2008, 8:49 am

Westerby, in answer to your OP, and keeping on topic, I recommend not burning your bridges quickly, ideally keep a base in your home country as long as you can, or until you are very very sure (if one ever can be!).

Whatever you do, or think of doing, do it slowly.

I did as others did. I kept my house and assets in the Uk for a long time. It was only after 8 years here and feeling settled here, that I sold my house in the UK. I still however have assets there.

Post by **wokkawombat** » July 30, 2008, 10:54 am

I have kept my house, 4x4 truck, boat etc in Australia and will continue to rent in Thailand. What I do own here I can sell for fire sale prices and walk away.

I enjoy going back every 5 or 6 months for about 2 months at a time. My Bank Accounts and Shares are in Australia and as I receive a good pension my future income is assured.

John

Post by **hopper** » July 30, 2008, 10:57 am

On ya John.Keep them visits to Aus short.As we need the paying farrang in Udon.None of these freeloaders.

Post by **LoveDaBlues** » July 30, 2008, 11:18 am

Check Obama's website. He's already stated that those wealthy enough to live abroad for more than 1 year continuous will have US property seized and given to the poor.

Post by **LoveDaBlues** » July 30, 2008, 11:29 am

I still own a house in Las Vegas that is rented out. I've got multiple pieces of land in the US totaling around 45 acres. I just yesterday bought my second property here in Udon.

land, land, land - I can make a baby, make a cake, make an ass out of myself but haven't figured out yet how to make land.........almost always a good investment!

When the US housing market turns around I want to sell the Las Vegas house. Don't really like big cities and don't need the hassle of a rental house anyway; want to simplify my life!

Post by **Ricohoc** » July 30, 2008, 3:45 pm

westerby, I agree with LoveDaBlues regarding keeping your options open and not being too quick to unload everything. However, after several trips to Thailand to live there for part of the year, I have already decided that it is someplace that I want to be. That's why I'm unloading everything.

Nothing prevents me from leaving and going back to the US or someplace else.

Post by **westerby** » July 30, 2008, 7:22 pm

arjay wrote:I recommend not burning your bridges quickly, ideally keep a base in your home country as long as you can, or until you are very very sure (if one ever can be!).

Whatever you do, or think of doing, do it slowly.

I can't envisage moving across for a few years yet, Arjay, and I've still to build somewhere in the city but I hear what you're saying. I thought about downsizing my property in UK in later years and maybe buy a flat (although that brings leasehold penalties into play). That way, I'd have somewhere to stay when I'm in the UK and I have a bolthole if things go pear shaped in LOS. I've also thought about changing my working lifestyle and maybe moving into contract work on aerospace projects which would give me space to live in LOS when I'm not working. But I can't see myself cutting ties with England and spending the rest of my life in UTH.

Post by **panick** » July 31, 2008, 12:17 pm

westerby wrote:Do those ex-pats that own property in Thailand also own property in their home countries?

Sure do $\:D/$ Down on the sunny South coast of England

Post by **panick** » July 31, 2008, 12:19 pm

Westers....... Whats an Elephnat

Post by **arjay** » July 31, 2008, 5:15 pm

Westers....... Whats an Elephnat?

It sounds like an extremely large mosquito of some sort!!??

Westerby, this thread may be of interest to you, (I'm sure there was another one somewhere, that had more input in the implications of letting out your property in your home country. Though I haven't been able to find it so far):

http://www.udonmap.com/udonthaniforum/v ... sc&start=0

Post by **westerby** » August 1, 2008, 12:26 am

Uncle Nick,

an elephnat is one of Beer Monkey's dyslexic Nelliphants. See Wazza's topic on elephant rides from a few days ago.

Going back on topic,

Arjay,

Thanks for the link. I rented my house when I was posted to Cyprus in 1998 so I've some experience in the nightmares associated with bad agents and tenants with Crack habits (but that's another story!).

Owning Property Back Home

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