House in a company, a condo in name and never lend money!

By Collin de Jong – Pattaya

This week I was again confronted with a compatriot who got into trouble because he left his house Thai friend put her name and was able to leave after a dispute. I have warned about that so many times now but still too often face these unnecessary problems.

Farang cannot buy land
A farang cannot buy land in Thailand but a house, in other words you stand on someone else's ground and if there is a dispute it is: “rien neva plus and the house is no longer yours”.
Make sure you own a company and you are the director and major shareholder. With one to recommend preferred share so that you are never faced with surprises and you are the one who can make the decisions and draw. Mind you never give one Thai shareholder 51%, but divide these shares among several shareholders then you are safe with a preference share. 

Don't get caught up
A condo (apartment) can be bought by name if the 49% of a building is not full. After that you have to buy on a Thai name or a Company but these condos are harder to sell.
Always be advised and assisted by a recognized lawyer, because again this week a number of compatriots entered the boat with a Thai lady who had promised a lot of interest and return, but has made off with more than 100 million baht and has a mountain of misery. abandoned. Never get caught up in high interest rates, promises and stories that are too good.

Recession in the barmaids
Once again I received many responses and questions in response to my article: recession among the barmaids to read a pool of misery. Don't rush things and watch out for the bar - but especially for beautiful gogo girls in Pattaya. In love is lost with a few exceptions but can count them on one hand. Knowing the culture after 32 years of experience, I must therefore admit that I have heard all the lies before.

The Thai ladies usually do not voluntarily come to Pattaya to work in a bar or GoGo, because they have to help the family financially. But on the other hand, I must say that they often adapt quickly and commercially,

usually after a small course with their predecessors. I have seen the sweetest angels change in "no time" into rock-hard bitches with a killer mentality. I've seen six acquaintances butchered in the past five years for being too good and soft. When I warned I usually got the same answer; "Mine is different." Just like their children at school, they are all the best in the class, because they do not want to be inferior to each other.

Cheating
For example, one of my best friends had two of his wife's daughters at university in Bangkok and he faithfully sent 1.500 guilders every month. When I checked they had never been to the university, nor to the American school for which he had also transferred 25.000 guilders. They didn't speak a word of English and worked in an annebus bar in a slum of Bangkok.

Warn and fight for justice
I keep warning about this. Sometimes I was criticized for my harsh statements by beginners who walked with their heads in the clouds, but after a while several people came to me honestly afterwards and I was right, they just thought it came out of my throat so unhappy .

It depends how you look at it, I am not a tourist but a seasoned citizen of the world and have a strong sense of justice and smell rottenness almost daily and then I try to intervene, no matter how annoying that may seem. Afterwards I have had many thanks, but my closet is full of those. Soft healers make stinking wounds and I just choose a hard and direct approach because I've seen too much misery.

Colin's complete article is on Pattaya People