Who is leaving HK, Anecdotal Evidence - Part 2

[Cegaiga]

I spoke to an upmarket hairdresser today, very long term HK resident, all his clients are expats (he's been trying to attract the local market but they won't pay his kinda rates)

He said in the last 6 months he's lost over 30 personal clients through them returning to UK/US/Oz/Europe and that he was going to have to lay someone off this week as business was tough.

Maybe he should lower his rate.

Though UK is very attractive right now. Things are back to normal there.

Here, we shut down blocks for one case and try to convince the stubborn to get jabbed.

[East_coast]

HK is still strong in many areas. Where else in the world can you get:
1) No capital gains tax
2) Domestic helpers
3) Universal health care
4) No death penalty
?

Don't we now have #4 in theory?

[aw451]

HK is still strong in many areas. Where else in the world can you get:
1) No capital gains tax
2) Domestic helpers
3) Universal health care
4) No death penalty
?

1 and 3 are currently unsustainable. Recently the government has been less cautious with its spending leading to diminishing reserves and a significant deficit this year.

[hullexile]

HK is still strong in many areas. Where else in the world can you get:
1) No capital gains tax
2) Domestic helpers
3) Universal health care
4) No death penalty
?

Number 2 is really covering up the lack of childcare and the long working hours.

[East_coast]

Number 2 is really covering up the lack of childcare and the long working hours.

And more importantly the less than good mandatory conditions in residential care homes so people use helpers to keep people at home longer than they possibly should living in tiny flats with extended family members and their carers.

[Morrison]

“ Main reason was the fact that in Europe you could live almost identical as before, with no masks, rules, etc...”

Your friends are great story tellers,
and probably constantly bend the rules,
and, most importantly, get away with it.

Only travel is much more convenient,
especially within EU.

[Elefant&Castle]

But what is the reason that this year saw such an increase [from 20,900 to 89,200], the government needs to find out,” said Yip, adding authorities should also look into how emigration would affect the city’s long-term population changes.

Over the period, there was a net outflow of about 89,200 Hong Kong residents, outnumbering the arrival of 13,900 one-way permit holders from mainland China.

https://www.scmp.com/news/hong-kong/...mpaign=3144845

[shri]

HK is still strong in many areas. Where else in the world can you get:
1) No capital gains tax
2) Domestic helpers
3) Universal health care
4) No death penalty
?

It is a low bar if you have to lead with cap gains...

When you pay a land tax premium every single day....

Taxes and death...

[Elefant&Castle]

Belgium doesn't have capital gains tax - then again Belgium is so boring nobody wants to live there, as I recall someone on here saying...

[pin]

https://www.scmp.com/news/hong-kong/...gtype=homepage