At least they actually build housing to put people in SEA, unlike in the US where it’s considered detrimental to not limit the supply.
Can't speak for Vietnam but in Thailand, a place also targeted for retirement by westerners, foreigners can't buy property at all.
... is not true. You're thinking of land. There are heavy restrictions, but condo ownership -- for example -- is usually straight-forward. Also, it's possible to get a 30-year lease on land, which for a retiree is probably going to be sufficient.
I would implore you to not hold your breath on this
I can't speak for your situation, but I spent 3 months in Thailand and folks were hurting badly from everything related to the pandemic. Tourism is way down, and lockdowns have hurt there like everywhere else. I'd never rule out Thai government incompetency, but they're in between a rock and a hard place at the moment and looking for ways out.
No, that will only happen if they don't build commensurate units and do not charge the foreigners a good "foreigner price".
You're missing the part of the picture where a lot of Vietnamese get very rich (relative for VN) off the trend.
* Ingredient costs go up rapidly too.
* Because of that, the profit margins are narrow in the restaurant business at all restaurant price levels. There are rich restauranteurs here and there but owning a high end restaurant is still a very risky business venture and many are barely scraping by.
* You become talent bound. Finding chefs who can prepare food at that level is hard. Designing a good menu is very hard. Food is like any other creative art, you can't just arbitrarily decide to make amazing food—many try and fail.
* There is limited demand. Most people can't afford to eat high end food often and even those who can often don't want to go to the same restaurant over and over.
I don't see how any of this maps to the topic being discussed.
Capitalism, unlike what Marx claims,does not exploit. It co-opts. The locals always get their share. Some more than others perhaps but what can you do?
I had a discussion about this with a Portuguese guy once: you have the lazy communist bastard who wants everything to stay the same, and you have the smart entrepreneur who makes lots of € selling overpriced coffee to the pale hordes from the North.
The end result is a less moral society, because people have to change to stranger and stranger business just to keep their place in the hierarchy.
Instead of having a normal ('communist') job, you have to get involved in dirty tourism stuff. The end result of this is as in New York City or San Fransisco, where anyone with a 'normal' job has obviously had rent go up way more than income. Granted, they too could go into tech or finance, but the benefits to society of this are most unclear.