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>On the other hand if this happened en masse it would ruin a lot of the lives of people who live and work there by making housing costs go up. Can't speak for

>On the other hand if this happened en masse it would ruin a lot of the lives of people who live and work there by making housing costs go up. Can't speak for Vietnam but in Thailand, a place also targeted for retirement by westerners, foreigners can't buy property at all.

petesergeant 5y ago
> foreigners can't buy property at all ... is not true. You're thinking of land. There are heavy restrictions, but condo ownership -- for example -- is usually straight-forward. Also, it's possible to get a 30-year lease on land, which for a retiree is probably going to be sufficient.
- CitizenKane 5y ago
  And as far as I know will not be true at all soon. The new digital nomad visa being introduced (along with a few others) appears it's also going to allow ownership of up to 1 rai of land for residential purposes.
  - petesergeant 5y ago
    > new digital nomad visa being introduced I would implore you to not hold your breath on this
    - CitizenKane 5y ago
      Normally I would agree, and there's been talk of it for an extended period of time. However to my knowledge it's already been approved https://thethaiger.com/hot-news/visa/10-year-visa-gets-approval-of-cabinet-ministries-preparing-rules https://thethaiger.com/hot-news/visa/10-year-visa-gets-appro... I can't speak for your situation, but I spent 3 months in Thailand and folks were hurting badly from everything related to the pandemic. Tourism is way down, and lockdowns have hurt there like everywhere else. I'd never rule out Thai government incompetency, but they're in between a rock and a hard place at the moment and looking for ways out.
brianSP 5y ago
pretty much that's what my friends in mexico think, that americans (or people from the united states) are making everything more expensive.
SauciestGNU 5y ago
I was reading about property ownership in Vietnam, and it sounds complicated. I believe the state is the owner of much land and real estate, and that "owners" as we'd think of them in the west have secured long-term leases on the property. And I'm uncertain about the availability of those leases to foreigners (meaning I literally do not know either way, I'm not trying to insinuate anything).

petesergeant 5y ago

> foreigners can't buy property at all ... is not true. You're thinking of land. There are heavy restrictions, but condo ownership -- for example -- is usually straight-forward. Also, it's possible to get a 30-year lease on land, which for a retiree is probably going to be sufficient.

CitizenKane 5y ago
And as far as I know will not be true at all soon. The new digital nomad visa being introduced (along with a few others) appears it's also going to allow ownership of up to 1 rai of land for residential purposes.
- petesergeant 5y ago
  > new digital nomad visa being introduced I would implore you to not hold your breath on this
  - CitizenKane 5y ago
    Normally I would agree, and there's been talk of it for an extended period of time. However to my knowledge it's already been approved https://thethaiger.com/hot-news/visa/10-year-visa-gets-approval-of-cabinet-ministries-preparing-rules https://thethaiger.com/hot-news/visa/10-year-visa-gets-appro... I can't speak for your situation, but I spent 3 months in Thailand and folks were hurting badly from everything related to the pandemic. Tourism is way down, and lockdowns have hurt there like everywhere else. I'd never rule out Thai government incompetency, but they're in between a rock and a hard place at the moment and looking for ways out.

brianSP 5y ago

pretty much that's what my friends in mexico think, that americans (or people from the united states) are making everything more expensive.

SauciestGNU 5y ago

I was reading about property ownership in Vietnam, and it sounds complicated. I believe the state is the owner of much land and real estate, and that "owners" as we'd think of them in the west have secured long-term leases on the property. And I'm uncertain about the availability of those leases to foreigners (meaning I literally do not know either way, I'm not trying to insinuate anything).