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#1
26-09-2005, 10:57
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Financially secured when retiring in Thailand
Hello Members,
I know a lot of you are now currently retiring in Thailand. I'm thinking of retiring around 50yrs old in Thailand and wanted to know your opinion of how much would I need to live there comfortably without ever needing to work again. If I would sell my house it would be worth 900k, my other investments would be another 1.5 million usd. Is this enough to live in Thailand for the rest of my life ? How much is a standard beach house cost in Thailand? Is there annual property tax I have to pay? I would like to enjoy my retirement at age 50 yrs old at a comfortable lifestyle ( not luxury ) but enough own a home , few wild nights a week, beer , barfines ect. So what do you guys think? Please give me your opinion if I can survive with my asset that I have now. Also are there other secure investments in Thailand? I can always use a computer in Thailand to do my forex trading as I'm currently doing so here in the U.S . Please let me know If I can survive for the rest of my life in Thailand with all that I have right now.. Thank you so much... 
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#4
26-09-2005, 12:32
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With 'safe' investments you would be pulling 5%.. Only medium risk investments would pull in 10%..
So you have 125 - 250k USD available.. Lets say you reinvest 50% of that compounded up it would keep the nest egg growing hopefully in pace with inflation (though I expect the next few years to be very high inflation years).. So a 75 - 125k USD per annum spending money.. You would live very very well in a villa with a car maid jet set lifestyle here easy.. To be honest 30 - 50k USD per year gives you most of what you need to live VERY well (normal nice SUV / Car, maid a couple times per week, girls, drink, sailing, golf, etc)..
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#5
26-09-2005, 12:57
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Many people retire here on 1/10 of what you anticipate having.- though their quality of life may not be what you are looking for.
Or course, nobody knows what the next eighteen years will bring . . . But, my guess is - you will be able to live very very comfortably. Invest in a good income stream - (a small-medium sized apartment complex?) - where your money is relatively safe and ENJOY!
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#7
26-09-2005, 13:53
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retire now
if i had that money retire now, lease a house 30 by 30 that takes you to 92 yrs
get yourself a little business, so you have an interest to keep you on the straight line, preferably not a bar. why work ?, with that kind of money, you could do it so easy now why wait till your old and knackered. but dont let the bgs know about the money you have, they will work out how to get it.
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#8
26-09-2005, 14:15
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Myself alos.. I dont reccomend people run out here when they have a few 10's of thousand save up.. Even young if its only in the low 100's but.. With assets well over 2 mil then its time to take stock..
The loss of someone close to me really woke me up to the fact that you need to live for today sometimes.. Work until your 50 and you may well end up the richest guy in the cemetary..
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich.
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#9
26-09-2005, 14:21
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Financial Security
Let me sell you a 75 unit apt. complex in California. With 1.8 million down, it will generate approx.$100,000 per year income, plus approximately another 1% return in the form of debt reduction. It's in a very secure area, no earthquake faults, in a city with good growth rates. Buildings are in very good condition, grounds beautifully landscaped, two swimming pools, all on two lots totalling five acres. Over the years rents will keep up with inflation, if not then some,which will bring you good appeciation in the value of the property. So you will enjoy both good income stream, and good asset appreciation.
And you will still have $600,000 left over! I have other investors if you just want to buy a piece of the action, and come in as a partner. PM me if you are seriously interested. Why invest in LOS when you can make money very securely here, with no worry about changes in govt. policies over the years, or civil unrest or a coup d' etat some years down the line? The biggest reason to invest in California is that it is in possibly the most politically stable country in the world, and the state by itself, has one of the largest economies in the world. And why buy a lease on property, when you can own it in your own predictable country, where you understand the laws and the court systems. Form an LLC to hold title and your assets become untouchable!! Make money here, spend it there and live like a king! No worries!!! You won't ever have to worry about your money running out, because your income will go up as inflation pushes up the cost of living! JayBee  P.S. Also, with the depreciation allowance on the buildings, you won't be showing any net profit, so the $100,000 cash flow per annum will be all tax-free(until you sell the property). And if you paid off the debt in 20 years, then you would have an annual income which would be the equivalent of over $350, 000 per years in today's dollars, which would be much more then, after adjustment for inflation in the interim period of time. So, at the ripe old age of 52, you would be getting checks of about $30,000(plus inflation) per month from you property manangement firm, and the checks would just keep getting bigger with the passage of time. Do you think you could retire comfortably on that kind of money! In LOS, you could have ANYTHING your little heart desired! 
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LOS is warm, soft, smooth, and brown. 
Last edited by JayBee : 26-09-2005 at 14:42.
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#10
26-09-2005, 14:29
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75 apartments generates 100k.. Thats like 1.3k per year per apartment.. On 1.8 mil its only about a 6% return (I can get 6% out of short term NZ interest bearing CD's)..
With the current property bubble and likely crash especially applicable to california and florida.. I would be doing everything I could to be out of property there.. That said 75 apartments for 1.8 mil means 24,000 per apartment which seems low for Cali..
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich. Last edited by LivinLOS : 26-09-2005 at 14:36.
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#11
26-09-2005, 14:49
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Quote:
You lucky guy..... want to have your problems. Really. If i had so much money i would move to los today. 
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#12
26-09-2005, 14:56
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1.8 million would just be the down payment. The cap rate is approx. 6.5%. The real estate "bubble," if it burst would only have an effect if the owner needed a quick sale on the property. The only reason the value could drop would be if interest rates rose sharply. But you get into the property at today's low rates , so you are unaffected unless you are trying to sell the property to a buyer who is paying much higher rates. In the scenario of higher interest rates, apt. rents will start to rise. They have been stagnant for five years because so many people are buying homes instead of renting. When rates rise, and the "bubble" bursts, then people won't be buying, they'll be renting, which will increase demand for apts., and most likely push up rents sharply. As rents increase, the increased income will before too long offset the effect of higher interest rates, and as rents continue to increase, the value of the property will ultimately keep going up. That is the long-term view. It's like buying a growth stock. Over time, the "dividend" of increased rental income pushes up the value of the property regardless of what is happening in the single-family residence market. Over the long haul, rents always go up. A period of no growth in rents always precedes a period of substantial growth. Next to death and taxes, higher rents are one of the surest things in life. if it weren't for that, why would people want to buy their own property? Because it is so much fun paying for repairs, and being responsible for maintenance themselves? If rents weren't sure to rise, a person would be crazy to buy a house. Especially now, when the cost of owning is well over double the cost of renting, before you even figure in the cost of repairs or maintenance, not to mention the headaches. You won't get that kind of growth, nor will you get the tax advantages by investing in bonds! CDs are really only a temporary place to park your cash, until you figure out how to invest it. Nobody ever got rich investing in CDs. So you get an equivalent immediate return, plus growth, plus immediate tax advantages in good quality income property. CDs are not tax-free. Unless bonds are tax-free, you will pay income tax on bonds, which you can avoid paying on your cash flow from rental property!
__________________
LOS is warm, soft, smooth, and brown.
Last edited by JayBee : 26-09-2005 at 15:20.
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#13
26-09-2005, 15:07
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I am astonished about the amounts you are talking about!
Jee some rich guys here! When my doctor said a few years ago, that my nerve-system and lack of serotonine would bring me in trouble, I slowly sold all that I had.... As I was not 40, I did not see me retire, so I tried for 6 months to work on a wine-estate. I could not cope with it, I was lying cramped in my bed, and was fighting to keep on going for a lousy salary. Then I said to myself, that it was ridiculous to have sold my house in Belgium so well, and instead of calming down, now be slave of somebody else! With a panic-disorder, I made it even worse for my self, as I could not slow down, when I was feeling it was getting too much. So since then I do not have a real job. A year ago I stopped my pills for serotonine, and as long as I don't take to much on my back, I manage. I take the bad moments/days and do everything to enjoy the good ones. But money stays a concern, as I do not have a real income. I don't have 2 milj $, much less. If I live on my money, it would all be gone before my real retirement-age. So I had to invest. And I have not be too lucky, although I did not invest in stupid things. The ones I did myself, did not give me enormous benefit, but fair, considering the market now our days. The % that the bank invested, was almost completely lost, they could not have done worse! They lost about 75.000 $ of my savings. So Jaybee deal, seems not bad. If I would live in CA, I would certainly talk to him. As I lost so much money, I tried to find a solution. My own investements have been very prudent. But now I needed more income, with the loses I had. So I had to take risks again. O started a new , very small company. My partner and I had to invest half each, so most of my savings, are in it. But....., every time since one year, there is an excuse not to start the construction. First I found out after a couple of months, that my partner had no dime, I was the only one, who had put money in the account and further, the pople who have to do the project know only one word: "demain"! So deep in the shit again, but nothing is lost. The land is ours, we have no debts, so if ever, we can not get this going now, I can recuperate my money, if there is no law-suit with my partner...... So investing is a "damn" job on his own. I try to stay calm, but here to get 5 % return on your money is getting, really, really dificult. So retire in los, with that kind of money you are talking about, and invest it well, must not be "a piece of cake", and beyond most of our dreams! Last edited by tintin : 26-09-2005 at 15:12.
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#14
26-09-2005, 15:20
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Spoken like someone in the eye of the bubble.. The real estate "bubble," if it burst would only have an effect if the owner needed a quick sale on the property Buying any asset which then comes down is not a sound investment idea. The only reason the value could drop would be if interest rates rose sharply Well yes thats highly likely.. That and a falling dollar.. Or any ecomomic recession.. or one of many many real risks.. Property is the US (esp) cali is in a bubble mode and is hitting all overbought indicators.. Thats with record low interest rates and record low savings.. Expect thecrash with 24 months I think but 48 at the outside.. The argument for rents rising is moot when you considert the loss of assets in the purchase.. basically your saying a 6% payout.. I can get that in a bank (not bonds.. CD 3 month lockup bank accounts !!).. Over the long haul, rents always go up. In an growing ecomomy yes.. in a recession no.. also you need to think globally.. The dollar looks set to keep sliding and this years minor performace is a dead cat bounce.. Time to be out of USD and USD based assets.. Then also consider that rising rents are only keeping pace with inflation.. In real purchasing power they are not increasing.. You won't get that kind of growth, nor will you get the tax advantages by investing in bonds! So you get an equivalent immediate return, plus growth, plus immediate tax advantages in good quality income property. Unless those bonds are tax-free, you will pay income tax, which you can avoid paying on your cash flow from rental property! Did I say bond ?? I said a CD.. Thats free to change and move and do what the hell I want with (eg have an exit strategy and freedom to leave a falling market) 90 day lockups only, 6.5% return, based on non dollar currencies.. Tax advantages.. Dude hes moving to Thailand !!! Think about this advice.. There is no tax !!! Income or otherwise.. Property is overbought according to every historical indicator.. Some of the worst areas globally are Cali and Florida.. I am pretty sure that buying property in 2005 / 2006 will be like buying tech in 1999.. Interest rates will be rising.. The doillar will be falling... The property market has risen 40% in a few years in some markets.. They can lose that much in the next few..
__________________
Men have only 2 emotional states, hungry and horny.. So ladies, if you see me without an erection, make me a sandwich. Last edited by LivinLOS : 26-09-2005 at 15:22.
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#15
26-09-2005, 15:55
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No one can predict the future. All I know is that get interest on money is now very difficult.
For real estate, the market can still be interesting, it all depends what you do. Here in Southern France, prices went up severely. Due to low interests? Not really. People in the North are tired of the stress, the bad weather, and come to live here, just like in Phuket. There are more people willing to come here then there is property! I bought my house here, 5 years ago, price now is 40-50 % up. I live here now, and normally will not sell it. There is no land anymore to build on. In 7 years I have tried to find a piece of land, in a good location to build the house of my dreams. Well my house now is not bad at all. I invested in 2 flats for elder people, wich I rent. Get only 5. %, but the building is full now and there is a waiting-list. Prices of the condoms have been going up allready 15 %, and will certainly not fall. But I cannot live on 1.000 $ a month. The other thing, where I have my money invested is a project of 5 small houses, kinda town -houses. I buy the land, make the construction and sell them, to try to find another project when that is done. Normally I should make a profit about 40 % when it is finished. IF it is ever finished! There comes the risk of course! Housing is a serious problem here in Southern France. Big properties can fall down, not regular houses, everybody is searching!
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#16
26-09-2005, 15:58
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So Tin Tin you recommending we all invest in Durex cos this seems better growth than housing
__________________
If I havn't done it already, then i'm gunna do it today.
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#18
26-09-2005, 16:54
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You have $2.4mn? Can you send me $1mn for my sick buffalo please?
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#20
27-09-2005, 01:21
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Sorry
[quote=tintin]55555, yep who knows!
Ok, just say the right word in English, would help me out
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#22
27-09-2005, 14:16
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A CD or savings account is pretty much a non-investment. It is indicative only of fear and an unwillingness to invest. Only keeping up with inflation is not much of an investment. And since when do you not have to pay taxes on int |