@@Paul-yk7ds its harder to stay now correct. Any city besides saigon is pretty dang good. I been going for years and surprise even tourists areas prices barely changed in a decade! Love that.
Having lived here 11yrs and prior to that travelled here on and off for 5 years. Thailand is massively more expensive now than 15 years ago. 1. The Thai baht has stayed incredibly strong compare to the drop in power of the pound sterling. 2. Prices go up in Thailand in a non linear way (suddenly massage everywhere went from 150 baht to 200baht to 250baht - massive increases in % much higher than inflation or living cost increases). This goes the same for restaurants etc. 3. The price of beer is pretty high (compared to most other Asian countries). Sure u can get a beer for 50 baht still in some simple places but usually in nicer bars etc you are paying 80 to 120 baht (which is coming close to the price of a pint in england!!) . In comparison, beer in Cambodia is 50cents to $1 (15 to 30 baht). Laos is $1 (30baht) . Vietnam can be as low as 10cents for the street bia Hoi places.... So thailand has risen far above surrounding countries in terms of cost (apart from Malaysia). It might be time to look at Cambodia and Vietnam for living... Even places in eastern Europe such as Bulgaria are cheaper to live than Thailand now. Still Thailand is cheap compared to UK. But not cheap cheap as it used to be...
Been here now for few months. Why would you look thai baht comparing it to pound sterling ? Thai baht is strongly connected to USD not english pounds dude. That is the reason.
@@hardenedgambler3665 I am talking about the cost rise due to the pound weakening to the Thai baht. I am well aware of the Thai to USD. That was not the point if you read it properly.
@@Ricimer671 hahaha classic comment hehe. What's so bad about it? Friends that have done loved it. Online videos of it looks great etc... Let's hear ur take (I assume I have lived there to make this comment?)
@@canaryinacoalmine7267 lol. I guess you have never been to Thailand. Massage is a normal common thing for health, used by Thais and foreigners. What you are talking about is in small parts. Go to Thailand and see for yourself before you start rambling on about something you have absolutely no idea about.
"Get thee to Warrarot!" Advice my friend gave me upon arrival in Chiang Mai. And it was good advice because Warrarot has everything. As for inflation, my rent went up by $300 each month in America. I was paying $950. That's a 30+% increase. Good news is Thailand is still reasonable by WESTERN standards. I could still easily live on what I paid for rent alone, were I still living in CM. And the more familiar you are with Chiang Mai (or any other location), the easier it is to save money because you know where to find things and live like a local.
Am currently in Mexico and was thinking the exact same thing.. am from Canada and you can still live quite cheaply in Mexico, however if you go out to a bar/restaurant, especially a gentrified one, prices really aren’t that far off from North America. A little cheaper but not by much.
I have resided in CM for 16 years, 15 km from town. We get by on around USD1200/month for family of 4. Okay, we don't have rent to pay but I am paying around THB10K per month in school fees. I'd say overall the cost of living has gone up around 10% over the last year. I also find that the Worawat market is quite overpriced compared to other local markets (although you may visit twenty of these local markets and still not find a lot of the product available at Worawat). I bought quite a bit of gold 20 years ago @6000 baht/baht for wedding dowry. My wife still has all that, but a pity I didn't buy a whole lot more!!!!!
This video reminded me of your early content. Great stuff Brett, love these kind of your videos where we see the streets of Thailand with your honest commentary.
Remember, it’s all relative, and currencies fluctuate. From what I can tell, housing is still very reasonable, and Thai food isn’t all that expensive. The internet is cheap, as is monthly cell service.
I came to live in Thailand in 1998 and am still here. In the first few years I was here all food with rice was 10 baht. Three bottles of beer Chang was 100. I could go on ...
I’m in my early 20s and I was born in the USA and come from a Latin background,I been trying to look into Thailand and other places to travel in the future and possibly retire in. A lot of these other channels say the good things but videos like yours is what’s needed and important for people to keep in mind when trying to visit these places. Also with the current Ukraine/Russian war prices of everything is going up and there’s inflation especially in the USA. Plus there was news a few days ago that people in the USA were getting there passports in large numbers as a plan B to leave the USA since prices have been extremely high due to inflation.
By the time you retire, unless it's sooner, the cost of living will certainly be significantly higher. You can find lots of videos of different countries but it's no substitute for going and getting your feet on the ground. About time that native Americans in the USA are applying for passports.
If you live in the provinces that are closer to big cities, then you’ll probably get the benefit of cheaper living. That also means that you need to be able to speak some Thai, do you can buy cheaper foods/vegs from the local market. You really just have to survive first while ur in the states. If you escape and ran out of money for food etc, you can always go to temples in the morning, there will always be food offerings to the monks. People will always be nice to foreigners.
Everything is relative to each other. I feel for the people of Thailand that don't have opportunities, that work long hours; the working dead. We complain about what used to be, and I'm sure they are doing the same. Some are likely not able to eat. Brett you seem like a very pragmatic guy who is single. Thanks for the dose of reality.
If you bring US money to Thailand it is 7-8 times the value for the same thing, whether it is rent for a condo, dining out, clothes, massages, cell phone and Wi-Fi prices. But there are a few things that are about the same like fuel, imported grocery items, western-style restaurants, foreign brands like Levis, Iphones.
$10-15 just for take out food now in U.S. 6 figure income not enough for new house. Gas up here in Nevada up to $5/gal. Long commuters really suffering. So Chiang Mai and other towns still nice and affordable. ( Just don't make my bar girl mistakes).
Ha ha yeah American dudes and Brits making $hit more expensive by over paying for everything including the women lol. By the time I fully retire CM may not be even be an option for me anymore lol.
gas is the same here but food is way cheaper here than US. Homes are 1-2M baht which is 60K US. Yea, it is way cheaper here but some people are Farang Keenok.
I’m moving from the uk to the Philippines, sold my house in 5 days ..8% over asking price. I’m gonna hunker down …unfortunately the dollar is sky rocketing but I think it will do a u turn …that’s when liquidity will return to the markets. My energy bill is £450 alone in the spring !!! Winter fuel bills are going to skyrocket …who possibly afford the projected fuel prices of 50% higher. The poor will get poorer, it’s all by design. Be as proactive as you possibly can…🙏
@@mopheousredpill7462 What a moronic comment, your obviously are not going to be living In BGC like me. It’s already expensive…it’s a business district.
I too plan on living in the Philippines, but I can't even visit until they cancel the vacs mandate. I'm also concerned about the changes coming with Bongbong.. I left the Philippines after a 6 week stay in March 2020.. Sadly all of this time wasted- life gone by...
thailand hasnt been cheap since the gbp crashed against the Baht in 2008, never understood ppl that kept harping on about how cheap it was, rent is cheap but that is it... if you want the same standards as back home you'll pay the same...
Yeah totally agree, this was basically a waste of time more like bait and click. I thought it was something specific to CM as to why prices were increasing there.
@@JK-vy8vh so true! I’m from Toronto and moved to Ottawa because it’s too expensive in Toronto but its becoming just as expensive here in Ottawa now too.. Ontario the place to feel dead inside! Put that on the new license plates hahaha
USD to Baht was 1 to .029 in Y2018. USD to BAHT in Y2022 is 1 to .029. Relatively speaking the prices have gone up but you’re still paying the same compared to 5 years ago, at least for Americans.
I will move to Thailand in July, for me if you can get your OWN apartment on Air BnB for like $300-$350 that is cheap, your own place in Medellin is MUCH more expensive in a shit area.
Went there to Thailand in January 2018. Loved it. A lot of good memories. Really enjoyed the elephant sanctuary. A phone card for several gigs of data was cheap compared to Canada.
Living affordable is really relative, I am visiting in the US at the moment and I can tell you that you would not be able to live comfortably in the US for less than $4K a month. Housing, food, gasoline and healthcare is really expensive in the US. When I left Krung Thep about a month ago, I had a 100 baht card at Terminal 21, had a meal with dessert and a water and had 20 baht change, a full meal for 80 baht is still very good.
I live in NE area in the US ( NYC/NJ area) and good luck if you you can live on 4K USD a month. My rent for my 2 bedroom itself is 4K a month. Once you add back in the food, utilities, and other spending… probably 5,000 USD minimal. This inflation is the highest ever in the past 40 years here.
@@Darkspearwow I agree, but if you compare apples to apples there is no way that you could live comfortably for any less in major cities like LA, DC, New York City, San Francisco, even Honolulu for 4k a month and that really is on the low end. I just was in San Francisco $6+ a gallon of gas, $200/night (including fees) in a fair hotel, few options to get into specific areas in the city without either renting a car or a pretty expensive taxi ride. It really is all relative, Krung Thep has great affordable transportation options, food, hotel prices and typically great internet service, you may find cheaper places to live but you would most likely give up some of those creature comforts.
You can definitely live for less than 4k a month. You could sleep in a tent or car really cheap. You could find room mates and live in a shitty neighborhood for cheap. You can even find subsidized housing.
The comments you make on money printing by reserve banks, in relation to gold and inflation are absolutely 100 % correct, unfortunately for most people, it will be too late when they understand this.
it is already too late no matter if people understand this or not. its not the common people that make the decisions but the rich people and the money got their way into their pockets anyway. so the rich reaped the real profits while the orinary people pay the price. even if we the regulars will finally realize that it will make no difference we will stll cope with rapid price increases
If the governments didn't keep printing money then there would still only be the same amount of money in circulation as was back 100 years or more even though the populations are many multiples of what they once were.
Hi Brett I'm from the UK London and can tell you that we are suffering with serious cost of living price hike on everything. It will get a lot worse. Great video showing the local area and markets. I was last in Thailand in 2017 and visited Chiang Mai. We really loved it there and will visit again. I love fish lol Thanks for sharing. Subscribed
@Martin Philippines; no money laundering Russians,no Indians walking away with a single freelancer and no drunken or violent western farangs. Stop looking through a computer screen and get over here.
@Charger Dave crime is universal, particularly,when tourists are concerned. Thai and Philippines police treat foreigners the same-on the spot fines for misdemeanors and jail for indictable offences. I really believe you've only visited places like manila or angeles and haven't met visayan's.
Very timely and accurate. I just finished a short trip to Thailand (I live elsewhere in SE Asia) and it was the first time back in 3 years. I was also shocked by some of the price changes in a number of areas. Have to be more selective than before.
Thailand does not have a printing press, they have used Canada and France in the past to get their coins and notes done so its hard for Thailand to print their way out of the problem. The rise in the price of oil is putting up the price on nearly everything with transport costs and those that dont have those costs are still claiming they do and increasing the price.
No printing press needed to increase a number in some account. I think Thailand has been more fiscally responsible because of the 1998 crisis and they don't have much welfare.
LOL. You do realize the term “printing more money” doesn’t have anything to do with actually printing currency for circulation. It has to do with treasuries expanding total supply (a number in accounts) through the sale of treasury notes.
600 - 800 dollars a month back in the day (20 years ago) my best mate was living an amazing life full of women, booze, meals out every day/ night & living in luxury accommodation. Even 5 years ago my father visited living an easy life on 1000 dollars for the month. Now it will cost at least 2500 dollars a month standard if not 3000 a month to do what my mate was doing 20 years ago. Ask yourself is it worth 3000 dollars a month?
@Martin I spend 30k a month 5year ago smashing many girls a days and champagne at clubs vip everywhere alot of fun if I want to live like that in usa it would be triple
How much do u need? I exist on $500 a month (UK part pension) no savings or insurance!! Built house with last money 9 years ago, so no rent! (Chaiyaphum-comfortable life)
@@joeshmooo5327 well kinda, I lost my job during Covid and never went back into the workforce. But I lived on the same amount when I was working. I just don't spend money on stuff I don't need.
Many people think it’s Ukraine war and China. But u can see the late generation millennials and generation Z. They don’t like to work hard labour jobs.
Inflation in the UK is fast approaching 10% and expecting to hit 11% by the end of the year. My home costs me £1600 a month to run and that's not including the £100 rent rise next month. I've switched of my gas and don't put a light on until its very dark and I haven't switched my TV on for 2 months, yet my bill last month was still £130. I stopped eating out because even a burger can cost close to £10, besides I sold my car when gas prices hit $10 a gallon. So as you can see, prices are going up all over the world, it just depends on where you are. I'm in Spain now for 3 months and then I'm off to Thailand August where I have found a 1 bed condo for £240 a month, I like thai food, rather than western, I don't drink or smoke and will do anything to get away from the UK government ... Then if I can survive on $1300 a month, then happy days.
I lived there a year in 74-75, then started spending 3 months year each summer starting in 2004. I tell people that you can spend as much or as little as you want to when visiting Thailand. Fun costs money...how much fun do you want to have?
In the U.S., COVID relief benefits totaled over 7 trillion dollars. That was stimulus money given to everyone earning less than $100,000 a year, then was enhanced unemployment that was over $1000 a week for up to 2 years, businesses could get $25,000 per employee just for keeping them employed. Even businesses that suffered no losses could collect tens of millions of dollars. Thus we have inflation. Way, way too much money dumped on the economy. Americans are at a record high savings level.
I was in Bangkok for the first time 2 weeks ago. If you live in England Thailand is cheap as owt. Beer, food, public transport trains, tourist attractions, market stalls, Taxis were all way cheaper than England
I'm living out in the Hang Dong area of Chiang Mai and do most of my shopping at the local markets and vendors. Gas had gone up, and I think electricity has as well. I own my home so rent is not an issue. When I ship at Big-C type stores the process may have gone up a bit but nothing shocking as far as I can tell. I can still easily get a 20 baht meal out here at the local temple vendors and markets. Plus the exchange rate (Canadian) has gone up so I may have come out ahead over the last year.
I spent two months in Thailand in 2005, when the exchange rate was £1=70B, and two months in 2019, when the rate was £1=40B. Naturally, this affected my perception of the (increased) cost of living in Thailand. As I understand it, the value of the Baht has been artificially manipulated for many years to enable the Thai elite to increase their foreign property portfolios. I found the cost of accommodation to be - relatively - reasonable, compared to Europe. Likewise the food costs, if you eat street food, or at no-frills restaurants. Though, if you want to chew on a decent steak, for instance, it is not cheap. Let me elaborate: if you want to live well (my definition of 'well', which is totally subjective) in Thailand, expect to be forking out at least £2K per month, minimum.
The THB was pegged at 20 to the USD from 1956 to the mid 80’s. Due to the strong US economy it was then reset to 25 & stayed there till the 1997 SE Asia crash. Thailand is an exporting Country & as the USD is the still the worlds reserve currency & everything from gold to oil is priced in it the Bank Of Thailand like every other Central Bank has levers it can pull like interest rates does this to try keep the THB between 30 & 35. In 2007 it was around 33 to the THB & it is around that today & pretty much been in the 30 to 35 range in the years in between. Also in 2007 the £ was USD 2 & that was why we was getting around 66 then. Then came the 2008 western bank bust with quarantine easing i.e. printing money & the £ along with a lot of other western currencies lost value. If the £ was still USD 2 today like it was in 2007 we would be getting around 66 but it is down to USD 1.22 & we getting around 42. So it really has nothing to do with the strength of the THB & a lot to do with the weakness of the £.
I have been looking at budgeting for CM with my wife and have settled on about $A3,000 per month ( about 70000 baht. I know that this is a lot, but we like our comfort! 😇
Compared to Canada Thailand is still a lot cheaper. Currently spending or wasting around 3K a month without leaving the house here in Toronto! Itching to get out asap!
True that about world inflation. I live in Canada rent, fuel, food, all so inflated. Have to grow my own vegetables, pick fruit from local orchards, fish from the docks. I want to visit Thailand to experience the culture. Maybe this october. Thanks for your honest and upfront video
a 1000 dollars? 1500! damn I was planning on moving to Chiang Mai in August had made a 800 euros a month budget... but the prices you are saying are even more expensive than my own country (Spain)
@@HairyPixels I feel you bro. I think food will also be my number 1 spending as I am not much of an alcohol drinker and rarely party. I plan to eat out almost everyday when I am there but on local street food, I saw that it almost works out cheaper than cooking yourself.
If you have a steady budget of $800 a month, you're good my Man. Btw, lodging has absolutely not increased in prices and won't do so, as the demand will never exceed the offer here, plus the competition has never been tighter than it is now (logical, there are less people than before, in both tourists and expats). Just make sure you also have a minimum of savings for emergencies, unexpected expenses AND to set you up right from the jump with all the things you're gonna need to start your life there (not to be included in a monthly budget, cause not regular expenses and kinda one time ones), like the purchase of a scooter for example (if you rent one, then it will be part of your monthly budget instead). Make also sure you take all the time necessary to find the right place to stay (for YOU), find one for good and think long term for that matter. This is not only the biggest expense in your monthly budget but also the most important decision you will make that will affect you (positively or negatively) on an everyday basis. If you're good in your place, you're good in your head, you're good in your life (CRUCIAL). Rent yourself a scooter asap and go around finding your place (can be find, signed and moved to the same day), don't use agencies as they take a huge commission on the monthly rent they will offer you (compared to what you'd pay the landlord without them in the deal). 4 to 6 months there will teach you everything you need to know in terms of budget optimisation options concerning YOUR SITUATION AND LIFESTYLE. If you need any advice, I'm there. Take care.
I'm living here on €800 a month its a bit tight only because I move into a more expensive place I have a two bed pool ect so when the retail agreement runs out I'l be getting a cheaper place for 900bht good luck 👍🏼
@@eicisback Sorry for the late reply, bro thank you so much for taking the time to provide so much detailed information its worth gold! Yeah the idea is to check many places out directly in person and without agency as you said. Wanna spend between 4 and 8k baht in rent maximum. When I am there I invite you to a coffee brother.
Always great content BD. This video is right up my Soi as a research geo-political macro-economics and scarce natural resources. You are on-point in easy to understand lay terms. Three cycles are coming to an end (empirical, economic and currency) and holding some currency along with physical gold and silver will save you as we enter a CBDC system.
The visa situation has changed completely since the beginning of Co vid. Cost. Visas available. Borders closed/open. PRICE. If you have any good information on visas this would be a good video to make. Completely agree. I could get along on $1k per month 3 years ago. Not well but comfortable. That same amount is a struggle these days.
Visa process as far as I know has gone back to basically what it was before Covid .. I think there's a requirement to come in with adequate Covid insurance, but that's not over expensive (when I last came in at the height of Covid in 2021, one a regular 30 day tourist visa, which I converted to a long term visa, marriage when I got here, the Covid insurance was under $200 cad if I recall correctly.) The SVT may still be available, but for long-term stays over 180 days they are pretty useless. Retirement, marriage, education, Volunteer, business, elites, etc visas are available again.
@@richardbrown9344 no, but you will probably have to spend 10 or 14 days at a quarantine Hotel (I came back in March 2020 with only 1 jab, so I was defined as non vaxxed, and had to spend 10 days in a hotel room at my expense ... ~$1500 cad of I recall correctly.)
First time I've seen one of your videos. It was very informative. I especially liked the information about how they do gold sales there, and I will be getting my gold in Thailand in the future. Being a commodity trader, I was very curious about your statement about the price of gold. It turns out over the last five years, gold is up from $1200 to $1800 an ounce, while the Baht has been about even over the past five years. So your example was correct but both the dollar and the Baht have fallen the same amount against the baht over the last five years. As you've said, it's the insane printing (and the insane lock downs). Looking forward to more great content going forward...
Didn’t even know about that market in chiang Mai, it’s immense. How much food must go to waste!?. Can’t be huge amounts of people there at the moment. Great video Brett.
Thailand living: I would bank on $2,000 PM which allows for inflation over some time. A reserve of money at home for "that" emergency should things turn sour. Those meals you quote of 30 or 40 Baht. Are they at those common meals Thai nationals buy at those sheds ?? Restaurant meals would be how much?? DRINKS: Prices of various brands of beer are what ?? Ladies drinks are what ?? SPIRITS: Prices are what ?? Beer at 7 to 11 shops and any other convienance stores prices??
Hey. Can you break down that $1000 to $1500 per month cost of living minimum? Cause I know food costs average $1.6 per meal at restaurants. Rent is $250 / month. So food $186 / month. Rent $250. Where is the remaining $1084/ month coming from in extra expenses? Travel can't be that much. Please break down costs.
$1.6 per meal you will eat only basic Thai street food. It gets old after a while. If you want better quality/size or western food it will easily cost 6-10 times more. You can get a $250 fan bungalow in Koh Phangan for example but in Bangkok you will only get a small fan room far from any public transport or interesting area.
@@Bigpicturefinance you can add around 0%-400% on the numbers you wrote depending on how much time you spend to find a suitable flat/bungalow/whatever and where you eat. You can eat at a street food vendor for 30-60 baht or you go to a farang restaurant and pay 5 times the price for the same quality. I am a thai who grew up in germany so i pay less then foreigners already, but if you are nice to people and talk with them respectfully as if they are your equal, many thais will usually charge you the same price outside of tourism hotspots. A friendly smile can make here the difference between paying regular prices or double
Thanks for your excellent job for us. I just have checked into a guest house in BKK with a private room and balcony andshared bathroom for only a tenner per night and had a smashing dinner for a fiver. What do you think of it?
You should do an interview with Dr Marc Faber, he has lived in your area since 1973 & is in Chiang Mai now. He can explain inflation, central bankers, the federal reserve & money printing. Tell him why you won't go back to UK. There plenty of interviews of Dr Faber on RUclips. It would be well worth the effort.
A 30 baht meal 10 years ago was .98cents now a 45 baht meal is $1.29, the exchange rate is up, Not a big difference in 10 years, compared to the rest of the world
I live in Thailand and to be honest I still think it's cheap to live here a bottle of beer from the local shop 55bht (large chang), a meal in the local market 30bht it's only expensive if you use the tourist orientated restaraunts the bars and pay for company 😕
@@RawDogTV Facts bro? The facts are I live here and any other person who lives here will verify just how cheap the markets still are !If you eat local food and avoid the tourist bars and restaurants money can go a long way over here!
Nice one Brett. This underlines the importance of having more than one income stream under one's belt at the moment to counter the spiral and keep pace with it. Especially if moving out there! Having 'kind of' survived super high inflation once in my life I do not relish doing so again but with the way things are its out of our hands. Catch up soon and thanks for this...
Visits to those markets gave me some flashbacks to my time in Chiang Mai, Brett. Thanks. We're in the US, but my Thai wife and I plan to visit Thailand -- and CM -- soon. Cheers.
i went thailand first time in 2009 and last time 2014 prices increased every year and still continue. i recommend turkey. higly cheap and safe country. just dont expect s.x torusim like pattaya/thailand.
Hello from CA. Great video, love the flowers and gold shops! Is Thailand really cheaper than Indonesia 2 buy gold? Thanks for the stroll in Chiang Mai. Enjoy😎
Dude … 4000 Baht is like $120 USD … are you serious? … $600 bucks per month and I am paying $1850. per month in Los Angeles. I cannot wait to get to Thailand.
Inflationary pressures around the world stem from far more than just QE. Supply shocks (lock downs, etc) are real, and they very much effect prices. The more pressing reality for many nations like Thailand is the global dollar (U.S) shortage. Essentially what is going on is most countries are spending more US dollars via imports than they take in through exports; as the dollar is used for nearly 70% of all international trade settlements this creates issues… some of those are inflationary pressures, and a rising US dollar. This cycle also pushes the Baht (and other currencies) down. It’s going to get rough for a little bit, especially for middle income nations.
very good video. i live in France ans So Phisai. In market in Udon Thani you can buy (under the counter) Laos single malt whisky for 300 baht . It is superb !!
No country in the world hasn't got more expensive price rises are everywhere. I'm sure we can still get a meal for 40baht I booked my usual appartment for my trip in two weeks time and the price has gone down, a hotel I booked for two nights on arrival has dropped price from 2,600 baht to 1,700. The only price rise I can see is fuel, from 26baht to 40+ baht per litre so still cheap compared to rip-off Britain at £1,70+ per litre
Your lucky your not in the USA. Inflation and rent prices are incredible. Thailand is still much better to live if your lucky enough to have remote work.
Is it more expensive in general or just more expensive in the "safe zones" that have a lot of English speakers? Because In general those areas more expensive. That is why when living in another county one should learn the language and stop being entitled.
But this is the same everywhere and when I use to visit Thailand 20 years ago rent was roughly the same food was but 80 73 to the £ then 35 or 43 to the £ it’s got lots to do with the exchange rate. Rent is still cheap and you can get food thai local food still quiet reasonable prices Bret . ITs a lovely market the Gold is a good investment I remember 25 thai baht for a phadthai or noodle soup and you got 73 to the £ 😂 the good days i think now £1200 is ok 👍 a single man even retired
Would love to see you do more of these types of videos, this is what got me into your channel in the first place walking around Chiang Mai and vlogging!
Free Thailand Guides Coming Soon brettdev.com/thailand
Thailand may not be cheap as it used to be but it is still significantly cheaper than the US
100% and loads cheaper than so many other countries..
Its so so as far as value, vietnam is the place for incredible value.
@@Paul-yk7ds its harder to stay now correct. Any city besides saigon is pretty dang good. I been going for years and surprise even tourists areas prices barely changed in a decade! Love that.
yes but thats the whole point it isn't the US
Standard of Living in Thialand has been improved. Thai has more income reflected on good 's cost.
Having lived here 11yrs and prior to that travelled here on and off for 5 years. Thailand is massively more expensive now than 15 years ago. 1. The Thai baht has stayed incredibly strong compare to the drop in power of the pound sterling. 2. Prices go up in Thailand in a non linear way (suddenly massage everywhere went from 150 baht to 200baht to 250baht - massive increases in % much higher than inflation or living cost increases). This goes the same for restaurants etc. 3. The price of beer is pretty high (compared to most other Asian countries). Sure u can get a beer for 50 baht still in some simple places but usually in nicer bars etc you are paying 80 to 120 baht (which is coming close to the price of a pint in england!!) . In comparison, beer in Cambodia is 50cents to $1 (15 to 30 baht). Laos is $1 (30baht) . Vietnam can be as low as 10cents for the street bia Hoi places.... So thailand has risen far above surrounding countries in terms of cost (apart from Malaysia). It might be time to look at Cambodia and Vietnam for living... Even places in eastern Europe such as Bulgaria are cheaper to live than Thailand now. Still Thailand is cheap compared to UK. But not cheap cheap as it used to be...
Been here now for few months. Why would you look thai baht comparing it to pound sterling ? Thai baht is strongly connected to USD not english pounds dude. That is the reason.
@@hardenedgambler3665 I am talking about the cost rise due to the pound weakening to the Thai baht. I am well aware of the Thai to USD. That was not the point if you read it properly.
Bulgaria may be cheaper than Thailand but the really huge disadvantage is that you have to live in Bulgaria!
@@Ricimer671 hahaha classic comment hehe. What's so bad about it? Friends that have done loved it. Online videos of it looks great etc... Let's hear ur take (I assume I have lived there to make this comment?)
@@canaryinacoalmine7267 lol. I guess you have never been to Thailand. Massage is a normal common thing for health, used by Thais and foreigners. What you are talking about is in small parts. Go to Thailand and see for yourself before you start rambling on about something you have absolutely no idea about.
"Get thee to Warrarot!"
Advice my friend gave me upon arrival in Chiang Mai. And it was good advice because Warrarot has everything.
As for inflation, my rent went up by $300 each month in America. I was paying $950. That's a 30+% increase.
Good news is Thailand is still reasonable by WESTERN standards. I could still easily live on what I paid for rent alone, were I still living in CM. And the more familiar you are with Chiang Mai (or any other location), the easier it is to save money because you know where to find things and live like a local.
Am currently in Mexico and was thinking the exact same thing.. am from Canada and you can still live quite cheaply in Mexico, however if you go out to a bar/restaurant, especially a gentrified one, prices really aren’t that far off from North America. A little cheaper but not by much.
Thanks for that , but this video is about Thailand
you are on a wrong topic.
I have resided in CM for 16 years, 15 km from town.
We get by on around USD1200/month for family of 4. Okay, we don't have rent to pay but I am paying around THB10K per month in school fees.
I'd say overall the cost of living has gone up around 10% over the last year.
I also find that the Worawat market is quite overpriced compared to other local markets (although you may visit twenty of these local markets and still not find a lot of the product available at Worawat).
I bought quite a bit of gold 20 years ago @6000 baht/baht for wedding dowry. My wife still has all that, but a pity I didn't buy a whole lot more!!!!!
This video reminded me of your early content. Great stuff Brett, love these kind of your videos where we see the streets of Thailand with your honest commentary.
I like you😊
Remember, it’s all relative, and currencies fluctuate. From what I can tell, housing is still very reasonable, and Thai food isn’t all that expensive. The internet is cheap, as is monthly cell service.
exactly. Some people forget to use the grey matter between the ears. lol
I came to live in Thailand in 1998 and am still here. In the first few years I was here all food with rice was 10 baht. Three bottles of beer Chang was 100. I could go on ...
I’m in my early 20s and I was born in the USA and come from a Latin background,I been trying to look into Thailand and other places to travel in the future and possibly retire in. A lot of these other channels say the good things but videos like yours is what’s needed and important for people to keep in mind when trying to visit these places. Also with the current Ukraine/Russian war prices of everything is going up and there’s inflation especially in the USA. Plus there was news a few days ago that people in the USA were getting there passports in large numbers as a plan B to leave the USA since prices have been extremely high due to inflation.
By the time you retire, unless it's sooner, the cost of living will certainly be significantly higher. You can find lots of videos of different countries but it's no substitute for going and getting your feet on the ground. About time that native Americans in the USA are applying for passports.
@@chrisk7118 yeah I been looking into PH also.
@@donh5794 True
If you live in the provinces that are closer to big cities, then you’ll probably get the benefit of cheaper living. That also means that you need to be able to speak some Thai, do you can buy cheaper foods/vegs from the local market. You really just have to survive first while ur in the states. If you escape and ran out of money for food etc, you can always go to temples in the morning, there will always be food offerings to the monks. People will always be nice to foreigners.
Everything is relative to each other. I feel for the people of Thailand that don't have opportunities, that work long hours; the working dead.
We complain about what used to be, and I'm sure they are doing the same. Some are likely not able to eat.
Brett you seem like a very pragmatic guy who is single. Thanks for the dose of reality.
If you bring US money to Thailand it is 7-8 times the value for the same thing, whether it is rent for a condo, dining out, clothes, massages, cell phone and Wi-Fi prices. But there are a few things that are about the same like fuel, imported grocery items, western-style restaurants, foreign brands like Levis, Iphones.
$10-15 just for take out food now in U.S. 6 figure income not enough for new house. Gas up here in Nevada up to $5/gal. Long commuters really suffering. So Chiang Mai and other towns still nice and affordable. ( Just don't make my bar girl mistakes).
Fuel is B40 per litre now...thats $1.20 per litre...4.55 litres=1 gallon...
Ha ha yeah American dudes and Brits making $hit more expensive by over paying for everything including the women lol. By the time I fully retire CM may not be even be an option for me anymore lol.
Uh try $20
@Martin yup,you passed the test!apart from spelling litres wrong.imp gall/us gall
Anyway,fuel just went up...B44 Litre now,darn it!
gas is the same here but food is way cheaper here than US. Homes are 1-2M baht which is 60K US. Yea, it is way cheaper here but some people are Farang Keenok.
Cooking Thai food at home saves your spending. Cooking western food costs more, especially if you buy imported cheese, wine...
I’m moving from the uk to the Philippines, sold my house in 5 days ..8% over asking price. I’m gonna hunker down …unfortunately the dollar is sky rocketing but I think it will do a u turn …that’s when liquidity will return to the markets. My energy bill is £450 alone in the spring !!! Winter fuel bills are going to skyrocket …who possibly afford the projected fuel prices of 50% higher. The poor will get poorer, it’s all by design. Be as proactive as you possibly can…🙏
Just don't go over there and drive up the prices of every thing simping on women and overpaying for every thing mate.
@@mopheousredpill7462 What a moronic comment, your obviously are not going to be living In BGC like me. It’s already expensive…it’s a business district.
I too plan on living in the Philippines, but I can't even visit until they cancel the vacs mandate. I'm also concerned about the changes coming with Bongbong.. I left the Philippines after a 6 week stay in March 2020.. Sadly all of this time wasted- life gone by...
There will be no U-turn.
@@randellt Bong2 will continue Duterte's programs as I understand.
thailand hasnt been cheap since the gbp crashed against the Baht in 2008, never understood ppl that kept harping on about how cheap it was, rent is cheap but that is it... if you want the same standards as back home you'll pay the same...
Most normal people in Thailand live off 600-700 USD (they do have their homes though).
The inflations affected every cities and countries around world and getting more expensive, not just Thailand!
Yehh its the whole world just getting ridiculous expensive
Ikr come to Ontario if u wanna feel dead inside.
Yeah totally agree, this was basically a waste of time more like bait and click. I thought it was something specific to CM as to why prices were increasing there.
@@JK-vy8vh so true! I’m from Toronto and moved to Ottawa because it’s too expensive in Toronto but its becoming just as expensive here in Ottawa now too.. Ontario the place to feel dead inside! Put that on the new license plates hahaha
USD to Baht was 1 to .029 in Y2018. USD to BAHT in Y2022 is 1 to .029.
Relatively speaking the prices have gone up but you’re still paying the same compared to 5 years ago, at least for Americans.
Been living here almost 4 years and yes it’s more expensive but still cheaper than most Western style countries (Europe, USA) etc.
The west is flocked ….sh%t is gonna hit the fan.
Everyone just saves up money and moves to poor Asian countries
@@Shel230, yup. And why not? Seems there needs to be a change if they want peoples behaviors to change.
@@Shel230 Thailand isn’t poor
@@KK-sg5gl what do eroupeans going over there for women have to do with the country changing
I will move to Thailand in July, for me if you can get your OWN apartment on Air BnB for like $300-$350 that is cheap, your own place in Medellin is MUCH more expensive in a shit area.
Yep don't worry, Thailand is still excellent value, especially compared to London
Thailand is also a lot safer.
Where in Thailand are you going?
@@cj1871 Chiang Mai the Nomad classic
I live on around $1800 a month just on the outskirts of Tokyo. Yeah, I'd say Thailand is not cheap anymore.
Went there to Thailand in January 2018. Loved it. A lot of good memories. Really enjoyed the elephant sanctuary. A phone card for several gigs of data was cheap compared to Canada.
Nice video. Prices are going up everywhere. At least the USD/THB exchange rate is starting to look a bit better.
Living affordable is really relative, I am visiting in the US at the moment and I can tell you that you would not be able to live comfortably in the US for less than $4K a month. Housing, food, gasoline and healthcare is really expensive in the US. When I left Krung Thep about a month ago, I had a 100 baht card at Terminal 21, had a meal with dessert and a water and had 20 baht change, a full meal for 80 baht is still very good.
You can absolutely live comfortable on less than $4k a month in the US. What's more important in determining is location and lifestyle.
I live in NE area in the US ( NYC/NJ area) and good luck if you you can live on 4K USD a month.
My rent for my 2 bedroom itself is 4K a month. Once you add back in the food, utilities, and other spending… probably 5,000 USD minimal.
This inflation is the highest ever in the past 40 years here.
@@Darkspearwow I agree, but if you compare apples to apples there is no way that you could live comfortably for any less in major cities like LA, DC, New York City, San Francisco, even Honolulu for 4k a month and that really is on the low end. I just was in San Francisco $6+ a gallon of gas, $200/night (including fees) in a fair hotel, few options to get into specific areas in the city without either renting a car or a pretty expensive taxi ride. It really is all relative, Krung Thep has great affordable transportation options, food, hotel prices and typically great internet service, you may find cheaper places to live but you would most likely give up some of those creature comforts.
You can definitely live for less than 4k a month.
You could sleep in a tent or car really cheap.
You could find room mates and live in a shitty neighborhood for cheap.
You can even find subsidized housing.
@@skrrskrr99 That sounds like the dream life.
The comments you make on money printing by reserve banks, in relation to gold and inflation are absolutely 100 % correct, unfortunately for most people, it will be too late when they understand this.
If government spending necessarily caused inflation, we'd have had massive inflation in 2009-'10.
it is already too late no matter if people understand this or not. its not the common people that make the decisions but the rich people and the money got their way into their pockets anyway. so the rich reaped the real profits while the orinary people pay the price. even if we the regulars will finally realize that it will make no difference we will stll cope with rapid price increases
If the governments didn't keep printing money then there would still only be the same amount of money in circulation as was back 100 years or more even though the populations are many multiples of what they once were.
@@Jimmy-hf8fz Yes Einstein they are just printing way too much of it.
Hi Brett
I'm from the UK London and can tell you that we are suffering with serious cost of living price hike on everything. It will get a lot worse. Great video showing the local area and markets. I was last in Thailand in 2017 and visited Chiang Mai. We really loved it there and will visit again. I love fish lol Thanks for sharing. Subscribed
I first went in 2003 and it was dirt cheap, went back in 2016 and to be honest there's cheaper places in Europe, can only imagine what it's like now
There are cheaper places in Europe: Bulgaria for instance
Well gas in my state in the usa went up 40 cents in two days. I spent 30 days in Thailand after a year and a half in india...I loved it and the food
Good to see ya out and about mate.
Spent 4 months in Thai this year but,have since relocated to Philippines.
Things are 15 to 20% cheaper here.
How can you get a hold of steroids in the Philippines
how much is bum bum saki faki short time in PL?
@Martin Philippines; no money laundering Russians,no Indians walking away with a single freelancer and no drunken or violent western farangs.
Stop looking through a computer screen and get over here.
@Martin exactly, Filipinos are friendly people but the Philippines is a very filthy and disorganized country. Really not for everyone.
@Charger Dave crime is universal, particularly,when tourists are concerned.
Thai and Philippines police treat foreigners the same-on the spot fines for misdemeanors and jail for indictable offences.
I really believe you've only visited places like manila or angeles and haven't met visayan's.
Very timely and accurate. I just finished a short trip to Thailand (I live elsewhere in SE Asia) and it was the first time back in 3 years. I was also shocked by some of the price changes in a number of areas. Have to be more selective than before.
Thailand does not have a printing press, they have used Canada and France in the past to get their coins and notes done so its hard for Thailand to print their way out of the problem. The rise in the price of oil is putting up the price on nearly everything with transport costs and those that dont have those costs are still claiming they do and increasing the price.
No printing press needed to increase a number in some account. I think Thailand has been more fiscally responsible because of the 1998 crisis and they don't have much welfare.
LOL. You do realize the term “printing more money” doesn’t have anything to do with actually printing currency for circulation. It has to do with treasuries expanding total supply (a number in accounts) through the sale of treasury notes.
De la rue in England has printed many a banana republic's banknotes...and nowadays its just the central banks puting zeros into a bank leger.
600 - 800 dollars a month back in the day (20 years ago) my best mate was living an amazing life full of women, booze, meals out every day/ night & living in luxury accommodation. Even 5 years ago my father visited living an easy life on 1000 dollars for the month. Now it will cost at least 2500 dollars a month standard if not 3000 a month to do what my mate was doing 20 years ago. Ask yourself is it worth 3000 dollars a month?
@Martin I spend 30k a month 5year ago smashing many girls a days and champagne at clubs vip everywhere alot of fun if I want to live like that in usa it would be triple
How much do u need? I exist on $500 a month (UK part pension) no savings or insurance!! Built house with last money 9 years ago, so no rent! (Chaiyaphum-comfortable life)
Lord, you messed up in life. Lol. But make it work !
I live in the US on around $1,200 per month and that's with paying $700 rent. I think I could live well in Thailand on $1,000 pr month
Why are you living on $1200 a month are you retired?
@@joeshmooo5327 well kinda, I lost my job during Covid and never went back into the workforce. But I lived on the same amount when I was working. I just don't spend money on stuff I don't need.
@Commie Hammer my standards are fine for me and I got plenty of money in the bank to buy something if I want it
Just set aside 10k in guaranteed losses from learning the gold game in Thailand. But once you learn you earn
it isn’t just covid inflation. it is because of the War of Ukraine and China shut down disrupting supply chains
@Commie Hammer wrong buddy. ukraine and russia are top producers of commodities
Many people think it’s Ukraine war and China. But u can see the late generation millennials and generation Z. They don’t like to work hard labour jobs.
Hi Brett, great video and very informative about the gold, always wonders how it worked
Inflation in the UK is fast approaching 10% and expecting to hit 11% by the end of the year. My home costs me £1600 a month to run and that's not including the £100 rent rise next month. I've switched of my gas and don't put a light on until its very dark and I haven't switched my TV on for 2 months, yet my bill last month was still £130. I stopped eating out because even a burger can cost close to £10, besides I sold my car when gas prices hit $10 a gallon. So as you can see, prices are going up all over the world, it just depends on where you are. I'm in Spain now for 3 months and then I'm off to Thailand August where I have found a 1 bed condo for £240 a month, I like thai food, rather than western, I don't drink or smoke and will do anything to get away from the UK government ... Then if I can survive on $1300 a month, then happy days.
Good luck with your adventure.
$1,500
OMG you overspend! You can live on way less than that
While prices have gone up a little it's still very cheap and affordable here
Actually, fiat currency and Gold prices are inversely related. Weaker the currency the higher the gold price.
gold is about to crash just like crypto
I walked and walked and found myself in that market, now I know something about it. Nostalgia! Great vlog 🐉🌹💐
I lived there a year in 74-75, then started spending 3 months year each summer starting in 2004. I tell people that you can spend as much or as little as you want to when visiting Thailand. Fun costs money...how much fun do you want to have?
What kind of job gave you 3 months off? Or what was your arrangement?
@@bobbybobberton6373 Teaching.
Appreciated this video very much. And thanks for the timecode menu! Helpful when I want to go back and listen again to something specific.
Thai immigration recommends an income of $2,000 per month, which is in line with your video. $2,000 to $2,500 is cheap compared to the United States.
In the U.S., COVID relief benefits totaled over 7 trillion dollars. That was stimulus money given to everyone earning less than $100,000 a year, then was enhanced unemployment that was over $1000 a week for up to 2 years, businesses could get $25,000 per employee just for keeping them employed. Even businesses that suffered no losses could collect tens of millions of dollars. Thus we have inflation. Way, way too much money dumped on the economy. Americans are at a record high savings level.
Great video Brettdev!
Really enjoyed the video, really interesting, keep them coming haven’t seen much from you lately
I was in Bangkok for the first time 2 weeks ago. If you live in England Thailand is cheap as owt. Beer, food, public transport trains, tourist attractions, market stalls, Taxis were all way cheaper than England
beer is not cheaper.
@@grahammurray7426 Most bars are £4-5 a pint in England other than London £6. I was paying £2.50/£3.50 most places. Definitely cheaper for me
One of my favourite markets in Thailand.
My girlfriend keeps on telling me about prices going up in Chiang Mai all the time,will find out for myself next month! Hoorah!!
And you will foot the bill. Enjoy!
Now that Thailand is becoming more expensive would you consider moving to another country ? Or will you wait and see
Cambodia is still cheap, especially Siem reap and kampot
It's still cheaper than the west stop complaining
I'm living out in the Hang Dong area of Chiang Mai and do most of my shopping at the local markets and vendors.
Gas had gone up, and I think electricity has as well. I own my home so rent is not an issue.
When I ship at Big-C type stores the process may have gone up a bit but nothing shocking as far as I can tell.
I can still easily get a 20 baht meal out here at the local temple vendors and markets.
Plus the exchange rate (Canadian) has gone up so I may have come out ahead over the last year.
great video, did you film with a DJI Pocket?
Yep!
Good job Brett
Been a fan ever since your interview with Jason Fieber
Thanks for sharing 👌🤩. Great News Chanel
Gold has historically been a good inflation hedge, You know what you are talking about, well said
I spent two months in Thailand in 2005, when the exchange rate was £1=70B, and two months in 2019, when the rate was £1=40B. Naturally, this affected my perception of the (increased) cost of living in Thailand. As I understand it, the value of the Baht has been artificially manipulated for many years to enable the Thai elite to increase their foreign property portfolios. I found the cost of accommodation to be - relatively - reasonable, compared to Europe. Likewise the food costs, if you eat street food, or at no-frills restaurants. Though, if you want to chew on a decent steak, for instance, it is not cheap. Let me elaborate: if you want to live well (my definition of 'well', which is totally subjective) in Thailand, expect to be forking out at least £2K per month, minimum.
The THB was pegged at 20 to the USD from 1956 to the mid 80’s. Due to the strong US economy it was then reset to 25 & stayed there till the 1997 SE Asia crash. Thailand is an exporting Country & as the USD is the still the worlds reserve currency & everything from gold to oil is priced in it the Bank Of Thailand like every other Central Bank has levers it can pull like interest rates does this to try keep the THB between 30 & 35. In 2007 it was around 33 to the THB & it is around that today & pretty much been in the 30 to 35 range in the years in between. Also in 2007 the £ was USD 2 & that was why we was getting around 66 then. Then came the 2008 western bank bust with quarantine easing i.e. printing money & the £ along with a lot of other western currencies lost value. If the £ was still USD 2 today like it was in 2007 we would be getting around 66 but it is down to USD 1.22 & we getting around 42. So it really has nothing to do with the strength of the THB & a lot to do with the weakness of the £.
I have been looking at budgeting for CM with my wife and have settled on about $A3,000 per month ( about 70000 baht. I know that this is a lot, but we like our comfort! 😇
Compared to Canada Thailand is still a lot cheaper. Currently spending or wasting around 3K a month without leaving the house here in Toronto! Itching to get out asap!
That sucks
True that about world inflation. I live in Canada rent, fuel, food, all so inflated. Have to grow my own vegetables, pick fruit from local orchards, fish from the docks. I want to visit Thailand to experience the culture. Maybe this october. Thanks for your honest and upfront video
Hey I live in Montreal, have you been to Thailand yet? I wanna go soon
a 1000 dollars? 1500! damn I was planning on moving to Chiang Mai in August had made a 800 euros a month budget... but the prices you are saying are even more expensive than my own country (Spain)
@@HairyPixels Thanks for your message, such a relief. Same here in south of Spain. Families living on 1000 euros a month.
@@HairyPixels I feel you bro. I think food will also be my number 1 spending as I am not much of an alcohol drinker and rarely party. I plan to eat out almost everyday when I am there but on local street food, I saw that it almost works out cheaper than cooking yourself.
If you have a steady budget of $800 a month, you're good my Man.
Btw, lodging has absolutely not increased in prices and won't do so, as the demand will never exceed the offer here, plus the competition has never been tighter than it is now (logical, there are less people than before, in both tourists and expats).
Just make sure you also have a minimum of savings for emergencies, unexpected expenses AND to set you up right from the jump with all the things you're gonna need to start your life there (not to be included in a monthly budget, cause not regular expenses and kinda one time ones), like the purchase of a scooter for example (if you rent one, then it will be part of your monthly budget instead).
Make also sure you take all the time necessary to find the right place to stay (for YOU), find one for good and think long term for that matter. This is not only the biggest expense in your monthly budget but also the most important decision you will make that will affect you (positively or negatively) on an everyday basis. If you're good in your place, you're good in your head, you're good in your life (CRUCIAL).
Rent yourself a scooter asap and go around finding your place (can be find, signed and moved to the same day), don't use agencies as they take a huge commission on the monthly rent they will offer you (compared to what you'd pay the landlord without them in the deal).
4 to 6 months there will teach you everything you need to know in terms of budget optimisation options concerning YOUR SITUATION AND LIFESTYLE.
If you need any advice, I'm there.
Take care.
I'm living here on €800 a month its a bit tight only because I move into a more expensive place I have a two bed pool ect so when the retail agreement runs out I'l be getting a cheaper place for 900bht good luck 👍🏼
@@eicisback Sorry for the late reply, bro thank you so much for taking the time to provide so much detailed information its worth gold! Yeah the idea is to check many places out directly in person and without agency as you said. Wanna spend between 4 and 8k baht in rent maximum. When I am there I invite you to a coffee brother.
Always great content BD. This video is right up my Soi as a research geo-political macro-economics and scarce natural resources.
You are on-point in easy to understand lay terms. Three cycles are coming to an end (empirical, economic and currency) and holding some currency along with physical gold and silver will save you as we enter a CBDC system.
Honestly hasn’t been cheap for long time now
The visa situation has changed completely since the beginning of Co vid. Cost. Visas available. Borders closed/open. PRICE. If you have any good information on visas this would be a good video to make. Completely agree. I could get along on $1k per month 3 years ago. Not well but comfortable. That same amount is a struggle these days.
Visa process as far as I know has gone back to basically what it was before Covid .. I think there's a requirement to come in with adequate Covid insurance, but that's not over expensive (when I last came in at the height of Covid in 2021, one a regular 30 day tourist visa, which I converted to a long term visa, marriage when I got here, the Covid insurance was under $200 cad if I recall correctly.)
The SVT may still be available, but for long-term stays over 180 days they are pretty useless. Retirement, marriage, education, Volunteer, business, elites, etc visas are available again.
@@jefftaylor8584 well yeah, you can't cheat the system on your visa as easily anymore.
I have an solution for that though ... Get educated !!! :-)
@@jefftaylor8584 assumptions...... you know what they say. There are more long term visas then just ED visas. JS
@@richardbrown9344 no, but you will probably have to spend 10 or 14 days at a quarantine Hotel (I came back in March 2020 with only 1 jab, so I was defined as non vaxxed, and had to spend 10 days in a hotel room at my expense ... ~$1500 cad of I recall correctly.)
@@RetiredInThailand no more quarantine since May 1st if you do pcr test regardless of vax
First time I've seen one of your videos. It was very informative. I especially liked the information about how they do gold sales there, and I will be getting my gold in Thailand in the future.
Being a commodity trader, I was very curious about your statement about the price of gold. It turns out over the last five years, gold is up from $1200 to $1800 an ounce, while the Baht has been about even over the past five years. So your example was correct but both the dollar and the Baht have fallen the same amount against the baht over the last five years. As you've said, it's the insane printing (and the insane lock downs). Looking forward to more great content going forward...
Didn’t even know about that market in chiang Mai, it’s immense. How much food must go to waste!?. Can’t be huge amounts of people there at the moment.
Great video Brett.
no such thing foods go to waste in Thailand, the Thai will find the way to use all the foods before any of them get throw away
Thailand living: I would bank on $2,000 PM which allows for inflation over some time.
A reserve of money at home for "that" emergency should things turn sour.
Those meals you quote of 30 or 40 Baht. Are they at those common meals Thai nationals buy at those sheds ??
Restaurant meals would be how much??
DRINKS: Prices of various brands of beer are what ??
Ladies drinks are what ??
SPIRITS: Prices are what ??
Beer at 7 to 11 shops and any other convienance stores prices??
Hey. Can you break down that $1000 to $1500 per month cost of living minimum? Cause I know food costs average $1.6 per meal at restaurants. Rent is $250 / month. So food $186 / month. Rent $250. Where is the remaining $1084/ month coming from in extra expenses? Travel can't be that much. Please break down costs.
$1.6 is noodle soup per meal..
$1.60 is not the normal cost of a meal. Those are outdated numbers. Rent for $250 is outdated as well. I’ve been here for 4 months so far
$1.6 per meal you will eat only basic Thai street food. It gets old after a while. If you want better quality/size or western food it will easily cost 6-10 times more. You can get a $250 fan bungalow in Koh Phangan for example but in Bangkok you will only get a small fan room far from any public transport or interesting area.
@@petergriffin3127 these are not outdated numbers. Just saw a RUclips yesterday post the menu with prices on it. Jeeesh negative Nancys on here
@@Bigpicturefinance you can add around 0%-400% on the numbers you wrote depending on how much time you spend to find a suitable flat/bungalow/whatever and where you eat. You can eat at a street food vendor for 30-60 baht or you go to a farang restaurant and pay 5 times the price for the same quality. I am a thai who grew up in germany so i pay less then foreigners already, but if you are nice to people and talk with them respectfully as if they are your equal, many thais will usually charge you the same price outside of tourism hotspots. A friendly smile can make here the difference between paying regular prices or double
Thanks for your excellent job for us. I just have checked into a guest house in BKK with a private room and balcony andshared bathroom for only a tenner per night and had a smashing dinner for a fiver. What do you think of it?
As a family of 5 who have been in Thailand for 4 months we need $6k per month and we’re not living like kings. Will be in Chiang Mai in 5 weeks
You should do an interview with Dr Marc Faber, he has lived in your area since 1973 & is in Chiang Mai now. He can explain inflation, central bankers, the federal reserve & money printing. Tell him why you won't go back to UK. There plenty of interviews of Dr Faber on RUclips. It would be well worth the effort.
A 30 baht meal 10 years ago was .98cents now a 45 baht meal is $1.29, the exchange rate is up, Not a big difference in 10 years, compared to the rest of the world
Good info. Thank you
I live in Thailand and to be honest I still think it's cheap to live here a bottle of beer from the local shop 55bht (large chang), a meal in the local market 30bht it's only expensive if you use the tourist orientated restaraunts the bars and pay for company 😕
100% agree.... Living in CNX for 25years
Facts bro.... what's your monthly budget including all expenses? I'm trying to plan a 30 day trip to Pattaya Thailand in 2023
@@RawDogTV Facts bro? The facts are I live here and any other person who lives here will verify just how cheap the markets still are !If you eat local food and avoid the tourist bars and restaurants money can go a long way over here!
Nice one Brett.
This underlines the importance of having more than one income stream under one's belt at the moment to counter the spiral and keep pace with it.
Especially if moving out there!
Having 'kind of' survived super high inflation once in my life I do not relish doing so again but with the way things are its out of our hands.
Catch up soon and thanks for this...
You're exactly right. The problem is very few foreigners realize this, until they are desperate, or perhaps someone reads this first.
how did you survive? its my first time you see im hoping for some tips
Brett, you have a better handle on the situation than the so-called economists.
Visits to those markets gave me some flashbacks to my time in Chiang Mai, Brett. Thanks. We're in the US, but my Thai wife and I plan to visit Thailand -- and CM -- soon. Cheers.
i went thailand first time in 2009 and last time 2014 prices increased every year and still continue. i recommend turkey. higly cheap and safe country. just dont expect s.x torusim like pattaya/thailand.
Hello from CA. Great video, love the flowers and gold shops! Is Thailand really cheaper than Indonesia 2 buy gold? Thanks for the stroll in Chiang Mai. Enjoy😎
Dude … 4000 Baht is like $120 USD … are you serious? … $600 bucks per month and I am paying $1850. per month in Los Angeles. I cannot wait to get to Thailand.
Yes, but your wages are probably multi-thousands of dollars per month. Whereas in Thailand a local is lucky to get 10,000 Baht a month. Very lucky
I pay 4500 a month in the states. But that's soon to drop to 2700 once my home and RV is paid for.
Thank you for the insight into gold. Many vloggers stay clear from the gold shops. Will be following your journey from now on.
Inflationary pressures around the world stem from far more than just QE. Supply shocks (lock downs, etc) are real, and they very much effect prices. The more pressing reality for many nations like Thailand is the global dollar (U.S) shortage. Essentially what is going on is most countries are spending more US dollars via imports than they take in through exports; as the dollar is used for nearly 70% of all international trade settlements this creates issues… some of those are inflationary pressures, and a rising US dollar. This cycle also pushes the Baht (and other currencies) down. It’s going to get rough for a little bit, especially for middle income nations.
Thailand is expensive! UK Pound is weak Thai inflation is double the official figures at least!
Anyway excellent videos mate. We may need to enjoy a not so Asian cheap beer one day somewhere
Today 1 gbp = 42 tbt, 2015 £1 = 55 baht.
It does appear western currencies have devalued.
Thailand is growing and unstoppable now.
@Brett Dev How about Bangkok? Whats the bare minimum and comfortable ammount for a single dude per month?
This reminds me of the channel Maverick of Wall Street. very fun quality content there
Very interesting thank you.
very good video. i live in France ans So Phisai. In market in Udon Thani you can buy (under the counter) Laos single malt whisky for 300 baht . It is superb !!
No country in the world hasn't got more expensive price rises are everywhere. I'm sure we can still get a meal for 40baht I booked my usual appartment for my trip in two weeks time and the price has gone down, a hotel I booked for two nights on arrival has dropped price from 2,600 baht to 1,700. The only price rise I can see is fuel, from 26baht to 40+ baht per litre so still cheap compared to rip-off Britain at £1,70+ per litre
Your lucky your not in the USA. Inflation and rent prices are incredible. Thailand is still much better to live if your lucky enough to have remote work.
Is it more expensive in general or just more expensive in the "safe zones" that have a lot of English speakers? Because In general those areas more expensive. That is why when living in another county one should learn the language and stop being entitled.
Yea the boomers are delusional and don’t leave their farang ghettos
Thanks for sharing
But this is the same everywhere and when I use to visit Thailand 20 years ago rent was roughly the same food was but 80 73 to the £ then 35 or 43 to the £ it’s got lots to do with the exchange rate. Rent is still cheap and you can get food thai local food still quiet reasonable prices Bret . ITs a lovely market the Gold is a good investment I remember 25 thai baht for a phadthai or noodle soup and you got 73 to the £ 😂 the good days i think now £1200 is ok 👍 a single man even retired
last time I visited prior to 2024 was in 2012. I think it’s time to explore some new countries.
Would love to see you do more of these types of videos, this is what got me into your channel in the first place walking around Chiang Mai and vlogging!