sickbuffalo Posted August 5, 2003 Report Share Posted August 5, 2003 Am I right in saying that although a farang cannot own land in his name, he can own the house which is built on the land? And presumably be can own the fixtures and fittings in the house... Link to comment Share on other sites More sharing options...
Guest Posted August 6, 2003 Report Share Posted August 6, 2003 The life insurance workes this way: -You built/buy the house. -You do not have enough money to pay it immediately, so you do a mortgage package purchase. -you pay the mortgage rates for , let us say, 20 years. -Now let us suppose the worst: your wife would kill you. Then the house is hers. But also the mortgage dept!!! And it is likely that she cannot pay the monthly rate. -Then the bank gets her house, the bank sells it, gets the borrowed money back, and the rest, if there is any at all, gets the wife. IF THERE IS ANY! -If she is then still in dept with the bank, she probabely will stay it for a lifetime. So the mortgage is your life insurance. At least for 20 years! .... Link to comment Share on other sites More sharing options...
Guest Posted August 8, 2003 Report Share Posted August 8, 2003 You're off to Japan next month, what will you do here? Just interested... Link to comment Share on other sites More sharing options...
think_too_mut Posted August 8, 2003 Report Share Posted August 8, 2003 >You're off to Japan next month, what will you do here? Got a job there. More details are in the Carreer & Finance section, thread titled "Back to workforce", from mid-May this year. Link to comment Share on other sites More sharing options...
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