Thailands Debt Problem… When They Can’t Pay, It's Taken Away

#thailand #debt #cars 🌐 Go to https://surfshark.com/nakedguru or use code NAKEDGURU at checkout to get 4 extra months of Surfshark VPN! NEW HERE?.. You might start here with the interviews:    • 70-Year-Old Hillbilly Expat Built This Meg...   AWESOME OFFERS & FREEBIES FOR YOU 👇 🐝 Check Out Our LAZADA SHOP in Thailand - Buy 1 Get 1 Free On Our Honey Here: https://tinywebs.site/0IcPiq SHOP: https://www.lazada.co.th/shop/shamans... 📞 Get an exclusive 15% discount on Saily data plans! Use code nakedguru at checkout. Download Saily app or go to https://saily.com/nakedguru 🌞 SOLAR: If you are interested in installing our solar setup we can assist, simply email: [email protected] Solar Install Vlog:    • We Stopped Paying Our Electric Bill in Tha...   📺 Share Your Story On The Channel, Send To: [email protected] ⭐ Expat Interviews: email [email protected] with your province and story Thailand has one of the highest household debt levels in Southeast Asia — and much of it isn’t from luxury spending, but from everyday survival. In this vlog, I visit a repossessed car auction in Korat to see what really happens when people can’t keep up with new car payments. From pickup trucks used for work to family vehicles, many end up here after missed repayments. We take a look at the auction process, real prices, and the wider debt cycle forming in Thailand — where easy credit, rising costs, and falling affordability are pushing more people into trouble. 👉 SUBSCRIBE:    / @thenakedguruthailand   👉 MAIN CHANNEL:    / @lifeinruralthailand   👉 OUR FULL STORY IN UNDER 20 MINS:    • Left The UK For Thailand - 4 Year Timelaps...   👉 OUR COTTAGE BUILD: https://tinyurl.com/bdd8uh3a 👉 COSTS OF LIVING IN THAILAND 2024:    • Thailand Is No Longer Cheap.. Extremely De...   FAQ 1. Why I use the word “expat” In Thailand, foreigners are stamped “Non-Immigrant” in their passport. That means you must check in every 90 days, can’t work in jobs reserved for Thais, can’t own land, and can be deported (and banned for 5–10 years) if caught working without a permit. So while I’d love to call myself an immigrant, legally we’re not — hence the word expat. 2. What I do for a living I run a health foods company here in Thailand and have a work permit that covers all YouTube activities. I’ve paid tax in Thailand for over 10 years — through my own companies (an English school and a jazz lounge), as well as during my career in the 5-star hotel industry (Anantara). And yes — I speak Thai. 3. Can foreigners own land in Thailand? No. But a superficies agreement allows you to control the land for 30+ years, and houses here are relatively affordable (1–2 million THB). If you have children, owning a home is essential for their security. Still, it’s smart to keep around 80% of your net worth in high-performance assets (like BTC) outside Thailand. 4. About my wife We’ve been together 12 years of my 15+ years in Thailand. She’s a finance graduate, hardworking, traditional, and loyal — she earned more and owned more property than me when we met, and she’s stood by me through both success and struggle. 5. Patreon & Memberships All Patreon and channel membership income goes directly to supporting our Thai extended family — for food, school supplies, and household needs. 'The Naked Guru" Is just a fun metaphor for being open and honest. Thanks for joining!