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82% of Western Expats in Thailand Lose EVERYTHING – Your Next? скачать в хорошем качестве

82% of Western Expats in Thailand Lose EVERYTHING – Your Next? 2 месяца назад

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82% of Western Expats in Thailand Lose EVERYTHING – Your Next?
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82% of Western Expats in Thailand Lose EVERYTHING – Your Next?

In this video we will hear a story about Chuck's adventure, losing $400,000 by opening a bar in Pattaya. We also learn the history of tourism in the 1970s-1990s and we discuss what you can do to keep from losing your retirment fund in Thailand. 📌 1980s: Expansion and Legitimization Tourism Boom Begins Thailand aggressively promoted tourism, drawing global attention to its beaches, culture, and affordability—this also introduced more foreigners to the idea of retiring there. 0:00 Moving to Thailand 2:25 1970s Thailand 4:10 Weather, Medical & Pension 6:20 Expat Infrastructure 8:00 Retirement Visa 10:08 Buying the Bar 10:55 His Plan 14:45 What Went Wrong? 16:20 Closed for Business 17:20 Wrapup Growth of Expat Infrastructure Cities like Chiang Mai, Hua Hin, and Phuket began to develop better infrastructure—hospitals, restaurants, housing—for long-term foreign residents. Birth of Medical Tourism Thailand's private hospitals started offering high-quality care at low prices. This gave retirees confidence that long-term healthcare was affordable and accessible. Rising Popularity of Pattaya Pattaya evolved into a major center for expats and retirees, especially older Western men drawn by the nightlife, beach life, and inexpensive living. Media and Word-of-Mouth Spread Retiring in Thailand started appearing in travel books, guidebooks (like Lonely Planet), and expat newsletters, attracting more people seeking alternative retirement destinations. 📌 1990s: Formalization and Mass Appeal Introduction of Retirement Visa (O-A Visa) In 1998, Thailand officially launched the retirement visa for foreigners over 50 with sufficient income or savings. This was a game-changer, legalizing long-term retirement stays. Real Estate Development The 1990s saw a boom in condo and housing developments targeted at foreigners, especially in coastal cities. Developers began marketing directly to retirees. Digital Communication Begins Email, forums, and early internet websites helped retirees share information. Online expat communities began forming, making it easier to plan a move. Cost of Living Still Favorable Despite inflation, the Thai baht remained weak against Western currencies throughout the '90s, so pensions still went far for most foreign retirees. Thailand Becomes a Top 5 Destination for Retirees By the end of the 1990s, Thailand was widely recognized—alongside places like Mexico and Spain—as one of the top international retirement spots for Westerners. 👉 SUBSCRIBE for more educational travel videos. 🔔 Hit the bell — to see all our our latest content. Credit - Thailand Truth Talks for the video idea and Thumbnail inspiration #ThailandScams #ExpatLife #BangkokReality #VisaNightmare #ThailandRetirement #WesternExpat #ThailandWarning #TrueStory #TravelFraud #RealTalkThailand

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