Hi friends,
I'll explain my circumstance and appreciate any constructive advice. Try not to judge me too much or tear me apart if you do. I've done my research on the topic and understand the sliding scale on expected sin sod ie. 100k - 500k typically, not more than a mil unless they are exceptionally wealthy. I respect the tradition, providing it was requested in a non exploitative context.
Me: Aussie, 35, not rich but have a reasonable qty of shares and crypto, no cash, no property as I re schooled after returning from overseas work … just graduated, no full time work yet unfortunately.
Her: She is unlike any Thai girl I've dated before, she's legit and at the risk of sounding corny, she's the one. I've known her for almost a year, our relationship is amazing and we spend hours every day together. Pretty much can't imagine not having her in my life now.
Her parents are pretty wealthy, have multiple properties and farms there in a city like Korat. Lives in one of those massive multi-storey mansions you see there on a huge block. They each have high up government positions, wealthy aunts there and here in Oz and take care of their mum and a cousin from the not so wealthy aunt. They definitely don't need me to save them, the house they live in is already hers and her mum and aunts are also promising land for us to build on if I wanted.
I have a great relationship with all of the family I mentioned plus her friends and I know them well and talk often bar the dad who is hard out Thai and no English . They love me too and have sent me care packages and things. I've only so far given her a small symbolic necklace as a token of you know.
She's 18 and still on her v's, and we plan to get married mid next year. It's come the time for discussion and she's been worried about it for a while because he's had a 5 mil price in his head for years. That is what he then asked for which I politely explained was far too much and most people wouldn't have that laying around unless they are filthy rich and silly enough not to have it invested already.
They've discussed it and it seems he would be happy with 1 mil but expect me to cover wedding costs also and I'm assuming the traditional gold in addition. I've indicated to her it's a more possible figure but I still feel it's a bit much. She doesn't have a degree yet but they will be paying for her uni there. Her mum feels bad about the demands and is the one fighting for me there. She's threatened to sell her property there to make it work and wants to cover half the wedding cost and said they will pass on the cash back envelopes. As far as I know he intends to keep the sin sod for her in future ie. not return it.
I dont want to offend him if possible, I don't mind investing into the family but the fact is half of that could be better used as a deposit for property here in future in Oz rather than kept for nothing. I need to get a place here anyway for investment purposes.
I may be inclined to offer 500k plus costs or worst case not more than 1 mil all in. Am I way off the mark here or is that really a bit too steep?