So I’m weighing the long-term stay options in Thailand, and I keep hitting a psychological wall with the Elite Visa. The idea of dropping 600k to 900k+ THB (or more for the higher tiers) on something that is essentially a non-refundable entry ticket just rubs me the wrong way.
That naturally makes the 3 Million Baht Property Investor Pathway look tempting on paper. At least with a condo, your core capital is locked into an asset. Sure, it might depreciate, you'll pay transfer fees, and you might take a loss when you sell, but mathematically you're usually getting a massive chunk of your principal back compared to an Elite membership fee.
Is anyone here actually doing the 3 Million condo route mostly as a visa vehicle while quietly dreading the actual realities of property ownership? Did you regret trying to outsmart the Elite Visa fee, or do you find the ownership headache worth knowing you didn't just hand the government a pile of non-refundable cash?