You also will suffer a major loss if there is a correction in the value of the baht or if the dollar rallies. The former is more likely. If you are going to carry a mortgage and pay fees in baht, you will be hurting if the baht continues to rise as your payments will go up.

While I was in Thailand, the baht rose from around 37 baht to the dollar to, briefly, 30 baht to the dollar. It was a combination of the falling dollar and the rising baht. That's a 19 per cent change, and it only took a couple of months.

You should not invest any money you can't afford to walk away from.