PPRuNe Forums - View Single Post - Boat in HK good idea and where?
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Old 10th Sep 2018, 08:05
  #75 (permalink)  
Brokeidiot
 
Join Date: Feb 2017
Location: Hong Kong
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Originally Posted by main_dog
Some of the affected people might indeed be well-off fatcats with multiple houses, having some water-borne fun “on the merry go round of buy , pay off, sell, and pocket millions of HK$ for years”.

Some however are simply crew who have moved to HKG over the last few years, found that between stamp duty and absurd real estate prices even on ARAPA/BOAS they couldn’t afford to buy anything decent, and so they tried to buy a boat to live on instead, pouring in a substantial amount of their own money in the process. They now face possible bankruptcy, victims of HKG greed and speculation, not examples of it.
Are you trying to imply they did not know it was illegal? I don’t agree with “victim of HKG greed” when conducting illegal activity. Kind of like expecting sympathy when getting ripped off by a drug dealer... you know due to drug dealer GREED.
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