Tourists to get unlimited 30-day extensions to stay after ‘visa amnesty’ ends
[QUOTE=MrEnternational;2480207]Since I am leaving soon, [/QUOTE]Are you leaving by choice because Thailand has made another 180 on tourists.
[URL]https://www.thephuketnews.com/tourists-to-get-unlimited-30-day-extensions-to-stay-after-visa-amnesty-ends-77201.php[/URL]
Is it still interesting to spend retirement in Thailand?
". The Thai baht rose to a six-year high against the dollar last year to become one of the world's most stable currencies. Though it has depreciated in the past two months, it is still significantly stronger compared to three or four years ago. Seen as a safe bet amid the USA -China trade war, the baht has caused visitor numbers to drop and hotel occupancy rates to halve.
But for those living here on fixed savings or pensions, the baht's strength has decimated their income. British expats have lost about 30% of their purchasing power following the pound's plummet in the wake of Brexit.
Applicants must now also have health insurance. For someone aged 75, for example, that is a "big problem" as the premium could be as much as 100,000 baht per month, said Sebastian Brousseau, CEO of Isaan Lawyers.
Gerry, a USA Navy veteran who declined to give his last name, first visited back then and has stayed ever since. At 83, alone and estranged from his family, Gerry has built his life here. But barely able to cover his living costs, let alone the deposit he now needs for a visa, he feels trapped, having been "out of the USA System" for more than 30 years.
Gerry does not own property here, but for those who do, a downturn in the real estate market has dashed their chances of a quick sell.
Demand for properties has waned since last year as many expats, disgruntled with Thailand's tightening immigration system, have moved to other parts of Asia, while China has imposed new controls to curb capital flight, said Jean Charles, the founder of TwoFlat Real Estate. The situation has intensified Thailand's glut, which is set to worsen with arrival numbers decimated by the new coronavirus. ".
What remains of the interest of living in Thailand if incomes decline because of the prohibitive costs of health insurance and the unfavorable exchange rate? No more girls, uncomfortable accommodation.... The future seems to be moving in this direction. Taking a bet over 20 years or even over 10 or 5 years to come and settle in Thailand seems risky.
The full press article: [URL]https://asia.nikkei.com/Economy/Thailand-s-foreign-retirees-see-their-good-life-slip-away[/URL].