On an overnight in HK and was reading the Sth China Morning Post yesterday:
HK housing prices ROSE by 80% (yes, EIGHTY PERCENT) since 2009.
So, your $10,000 HKD housing allowance over a 4 year period is worth in real terms $2000 HKD. Your $46,000 a month is now worth $38,000 a month.
We make mention of living in shoe boxes in HK. With that depreciating housing allowance which so many of you deem acceptable to sell your souls to is now getting outside of your reach. That housing allowance can't afford you a shoe box! So you want to share an apartment you say. Great, so 3 x iCadets combining their (now, in
real terms) $6000 HKD a month to rent what?
Hong Kong Property, Apartment for Rent and for Sale - Hong Kong Realty
(I did a search on apartments min 200 to max 500 sq ft in Central. Try changing the fields for any other part of HK and see what $2000 a month will get you, or consider your ever depreciating $10,000).
It does not make any financial sense to sign that insulting iCadet contract - not to mention all the other reasons of professional integrity.
When are you kids going to look
LONG TERM and show one tiny piece of responsibility toward your profession and career? Still thinking of raising a family (single income with 1 or 2 kids of your own) one day on that salary package and contract?