buhi
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Post by buhi on Jul 5, 2016 19:35:29 GMT 7
Yep, cut the wife's purse strings, even she gets it now.
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Deleted
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Post by Deleted on Jul 6, 2016 2:46:01 GMT 7
Yep, cut the wife's purse strings, even she gets it now. Yup, it's serious and regretful stuff for many. 45.85 at close, that means someone needs a monthly income of £1,418 to qualify for the retirement visa on income. At one point prior to Christmas it was £1193 ( 54.5 ). £225 a month differential, forecast to get worse. |
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Post by Fletchsmile on Jul 8, 2016 14:37:20 GMT 7
More thoughts on GBP BTW for the quote below about selling overseas properties, I wonder if we'll see people selling their Pattaya condos and changing their mode of transport from baht buses  Doing a similar comparison a THB 10mn baht condo in Pattay would have been worth GBP 191,000 pre Brexit, but around GBP 219,000 now. A gain of GBP 28,000. That doesn't augur well for people going in the other direction and wanting to move from the UK to Thailand and buy a place though. That Pattaya dream would now be GBP 28k more expensive --------------------------------------------------------------- Brexit vote sends sterling tumbling - but it’s good news if you're repatriating money to the UKThe impact of the UK’s vote to leave the EU has perhaps been most visible in currency markets. Given the outcome almost completely wrong-footed commentators, pollsters, and investors, it’s unsurprising sterling’s reaction has been severe – initially dropping to 31-year lows of $1.32 versus the US dollar and below €1.20 against the euro for the first time in two years. The Bank of England’s preceding assessment that the pound could fall sharply has proved correct, underpinned by the fact Brexit could have far-reaching economic and political repercussions. Important issues now include the extent to which uncertainty will weigh on spending and investment, with the longer-term consequences yet to be determined by renegotiations of the UK’s future trade arrangements. |
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Deleted
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Post by Deleted on Jul 8, 2016 15:09:00 GMT 7
More thoughts on GBP BTW for the quote below about selling overseas properties, I wonder if we'll see people selling their Pattaya condos and changing their mode of transport from baht buses Doing a similar comparison a THB 10mn baht condo in Pattay would have been worth GBP 191,000 pre Brexit, but around GBP 219,000 now. A gain of GBP 28,000. That doesn't augur well for people going in the other direction and wanting to move from the UK to Thailand and buy a place though. That Pattaya dream would now be GBP 28k more expensive --------------------------------------------------------------- Brexit vote sends sterling tumbling - but it’s good news if you're repatriating money to the UKThe impact of the UK’s vote to leave the EU has perhaps been most visible in currency markets. Given the outcome almost completely wrong-footed commentators, pollsters, and investors, it’s unsurprising sterling’s reaction has been severe – initially dropping to 31-year lows of $1.32 versus the US dollar and below €1.20 against the euro for the first time in two years. The Bank of England’s preceding assessment that the pound could fall sharply has proved correct, underpinned by the fact Brexit could have far-reaching economic and political repercussions. Important issues now include the extent to which uncertainty will weigh on spending and investment, with the longer-term consequences yet to be determined by renegotiations of the UK’s future trade arrangements. I can guarantee you that there are Brits in Thailand deluding themselves that they have become wealthier as a result of BREXIT due to the property effect you have described. Part of that delusion is the belief that their property price has been affected by BREXIT. It hasn't - it's still the same 'ol condo or house in the village, with the same likelihood of selling or not selling, and in many cases, it will never be sold for the simple reason that - said Brit doesn't own it. "Sweetheart, if we separate, what will happen to my 49% of the house?" "Oh, that's easy, teerak, I'll sell the house, leave myself homeless in the village, and give you 49% of the money so that you can start a new life with another lady." "Thanks sweetheart, love you."  Anyway, 09.00, GMT, 8 July 2016 - GBP THB 45.55 |
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buhi
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Post by buhi on Jul 8, 2016 19:13:24 GMT 7
The I'm all right Jack syndrome.
I do not have the option to sell, neither desire to. This is home, my son's home. I doubt he intends a life in racist england, my advice to him is not to consider that.
I made a fortune in england by buying property. Property I lived in, loved. Not as an investment.
My last home is now valued in millions, alas I gave it to my English sons. No not alas, different perspective.
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Post by Deleted on Jul 11, 2016 4:53:45 GMT 7
The I'm all right Jack syndrome. I do not have the option to sell, neither desire to. This is home, my son's home. I doubt he intends a life in racist england, my advice to him is not to consider that. I made a fortune in england by buying property. Property I lived in, loved. Not as an investment. My last home is now valued in millions, alas I gave it to my English sons. No not alas, different perspective. Deleted - |
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Post by Deleted on Jul 11, 2016 5:13:28 GMT 7
If you have to worry about 5 baht I feel sorry for you
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Post by Deleted on Jul 11, 2016 16:32:21 GMT 7
11 July - 10.30 GMT, 45.18 and it's been steadily slipping all morning. At this rate it will be below 45 by the days end.
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siampolee
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Post by siampolee on Jul 11, 2016 19:27:39 GMT 7
Might well be the time to look at the plight of the E.U. banks. perhaps the short term pain of the pound will cease as other currencies and banks symptoms of debilitating losses come to light. Will the gloating and the tales of woe be so public when the Euro falls like a lead balloon one wonders www.rt.com/business/350622-european-banks-crisis-deutsche-bank |
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Post by Deleted on Jul 12, 2016 1:19:20 GMT 7
Pound rallies to 45.62 - not bad, hope yet.
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Post by Deleted on Jul 22, 2016 20:27:01 GMT 7
14.30 July 22nd -
45.75 baht - is this the new normal?
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Post by rgs2001uk on Jul 22, 2016 21:02:56 GMT 7
Been saying it for years and was laughed at, called a prophet of doom.
As one who remembers the good old days of 36/38 to the pound, treat anything over 40 as a bonus.
Not mentioned there is no pound/baht exchange rate, convert pounds to dollars then baht.
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buhi
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Post by buhi on Jul 22, 2016 21:08:12 GMT 7
If you are converting, use TransferWise and mention me, no not that me, me, me me, Buhi , post me, Buhi, I get a bonus!
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Deleted
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Post by Deleted on Aug 16, 2016 6:59:52 GMT 7
Aug 15 - 44.56 baht, sliding towards the five year low of 43.89
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smokie36
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Post by smokie36 on Aug 26, 2016 13:19:10 GMT 7
I just checked my budget against current rates for my upcoming trip and I note I can only afford to eat six times a day and have thirty two drinks per evening.
Oh well.
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Jan 4, 2023 21:15:53 GMT 7
Jan 4, 2023 21:15:53 GMT 7
