Admin Saovaluck wrote on 20
th Jan, 2010 at 4:29am:
Most Laotians from abroad live in properties that's over $300,000 so I guess that amount isn't alot to ask.
Also, you don't need to own property to live in Laos.
ADMIN - That's a pretty
BOLD statement you made there. I don't know where you got your information from that MOST people own homes more than 300k.
I was in Viengchan in 07' and I saw this VERY NICE HOUSE that was worth like $300,000..(per my guide). But next to that house, were old, broken down, homes, and just next to LOWER PRICED HOMES.
Speaking for AMERICA You will NOT find a $500,000 house NEXT TO a $50,000 HOUSE!
Unlike Laos, property values in America depends on what state you live in, what area, what neighborhood. Homes in the 300k range will have LIKE homes AT, AROUND or HIGHER IN PRICES! It may be TRUE, MANY people do OWN homes with $300,000, but that doesn't mean THEY HAVE $300,000. They may have a mortgage loan on the house all the way up to $300,000, depending on their credit and how much they put as a down payment.
300k house
-275k loan25k equity! THAT'S EQUITY! NOT REAL HARD CASH!
You are CORRECT, Laotian expats do NOT need to own property to live in Laos. People can stay with relatives or have CLOSE relatives buy the property in their name.
But "GOVERNMENT'S PLAN" is talking about EXPATS WANT TO OWN LAND, PROPERTY THEY MUST INVEST MORE THAN $300,000.
>
Worthless Refugee:
You can still go back to Laos, visit or reside, but, according to the PLAN, YOU CAN NOT OWN PROPERTY (BUY IN YOUR NAME) IF YOU DON'T BRING $300,000 TO INVEST!