Originally Posted by Elegiaque:
Well, I can't buy a property at $2 million and ensure the rent would cover a mortgage. For those of us who have arrived just in 2012 and after (PR tax), I don't think Hong Kong has offered those golden opportunities other expats experienced when they arrived before, grabbed a property, made a good salary and now have flexibility.
All these things point to a housing bubble crash. At least logically I cannot see the sense of trying to make Hong Kong a permanent base when it's so difficult to buy. It is yet another motivating factor to leave. At least we earned good salaries and have cash. Now, though, we can't even travel to other countries to secure a mortgage/home with our current jobs. These are financial disadvantages at our mid-age.
My list for planning to leave within a year:
- Cannot realistically own a decent property.
- Bored.
- Don't like the fear of living under the NSL (if I had been in that American lawyer's position, I probably would have done the same as him...)
- Don't feel Hong Kong could be a long-time home like it has been for those who arrived earlier.
- I'm kind of pissed off with Hong Kong and the personal sacrifices that have hit me this past year. Need a fresh start.
- I'm fed up with the "rules apply according to my power" approach in this city, which obviously has major implications, but can also be felt in just petty daily things.
While the work is still good here, and the pay perhaps the best in the world, it's just not worth it.
(Sorry, I'm really down... been hard times...)