DEFO back at CX
As a result of recent incidents in HKG waters the local MARDEP is under the microscope. As a result they have taken a revised stance ( to be strictly correct it was always the stance just never enforced before ) that long term liveaboards are illegal. This despite the fact that people have lived on them, and bought and sold them happily for years.
As a result CX will not pay the assistance for a new boat mortgage. They are honouring existing agreements. This has the knock on effect of making boats difficult to sell.
Lobbying of our dysfunctional government is under way so this may change. Don't hold one's breath however.
As a result CX will not pay the assistance for a new boat mortgage. They are honouring existing agreements. This has the knock on effect of making boats difficult to sell.
Lobbying of our dysfunctional government is under way so this may change. Don't hold one's breath however.
Join Date: Sep 2002
Location: In someone pocket
Posts: 1,212
Likes: 0
Received 0 Likes
on
0 Posts
Last edited by jetjockey696; 26th Sep 2016 at 13:00.
Join Date: May 2009
Location: HKG
Age: 47
Posts: 1,006
Likes: 0
Received 0 Likes
on
0 Posts
As a result CX will not pay the assistance for a new boat mortgage.
Yes misleading ( not deliberately so ) if viewed from the specific viewpoint of a DEFO joining now. Factually correct for the majority of current boat owners. And if and when an improved HKPA gets voted through then increasingly more attractive to boat owners ( and SEA commuters). Especially as you become more senior and can do with the money as you see fit. In either event no one is lending money ( certainly not the larger sums required for floating dwellings ) these days as a result of the Govt's intransigence.
Last edited by MENELAUS; 26th Sep 2016 at 15:50. Reason: Autocockect
Join Date: Jun 2008
Location: The sky
Posts: 30
Likes: 0
Received 0 Likes
on
0 Posts
Yeah thats correct and a high defo failure rate, good luck come on over, move your family, rack up a new lease just to fail line training and end up in debt. Its the new way here, cheap and quick labor to skirt the union training ban.
Join Date: Jan 2008
Location: Hong Kong
Posts: 744
Likes: 0
Received 0 Likes
on
0 Posts
No stoked, it's not that bad - it's MUCH worse
Maybe you should go back and read all the posts about not looking at pure $ amounts, and look at cost of living, then you'll get a better perspective.
EK housing is about double CX, yet real estate costs in HK are probably at least double Dubai, maybe more.
Maybe you should go back and read all the posts about not looking at pure $ amounts, and look at cost of living, then you'll get a better perspective.
EK housing is about double CX, yet real estate costs in HK are probably at least double Dubai, maybe more.
Join Date: May 2009
Location: HKG
Age: 47
Posts: 1,006
Likes: 0
Received 0 Likes
on
0 Posts
https://www.justproperty.com/en/rent...ings-11-65522/
What your allowance gets you in Dubai working for EK.
Below is what you can expect in HKG using your CX allowance.
http://www.squarefoot.com.hk/property/21526716/
The HKG property is almost 1/6th the size of the Dubai house, you are reading it correctly, 439 sq/ft!
Rather than just imagining this number in your head, measure out 30ft by 15ft. That is a tad bigger than this 2 bedroom apartment.
If you have images of living in town, amongst the nightlife, pubs and clubs. This is what you would come home to using the CX allowance.
http://www.squarefoot.com.hk/property/21683513/
15 feet by 13 feet, kitchen bedroom and bathroom all squeezed into that space.
What your allowance gets you in Dubai working for EK.
Below is what you can expect in HKG using your CX allowance.
http://www.squarefoot.com.hk/property/21526716/
The HKG property is almost 1/6th the size of the Dubai house, you are reading it correctly, 439 sq/ft!
Rather than just imagining this number in your head, measure out 30ft by 15ft. That is a tad bigger than this 2 bedroom apartment.
If you have images of living in town, amongst the nightlife, pubs and clubs. This is what you would come home to using the CX allowance.
http://www.squarefoot.com.hk/property/21683513/
15 feet by 13 feet, kitchen bedroom and bathroom all squeezed into that space.
Last edited by SloppyJoe; 27th Sep 2016 at 03:24.
Join Date: Mar 2008
Location: London
Posts: 1,539
Likes: 0
Received 0 Likes
on
0 Posts
....couldn't stop laughing. 490 sq ft versus 2500 sq ft...and you get taxed in HK on the allowance to boot. Never mind about 10 years less to command in Dubai. No brainer.
Join Date: Aug 2014
Location: Zimbabwe
Posts: 61
Likes: 0
Received 0 Likes
on
0 Posts
If you can't go to any other major in your home country, or any of the ME3, then yes, it is attractive.
Salary and safety will be better here than in AirAsia or Cebu, but will lifestyle be better than in other Asian countries?
Like other have said: you'll be trading a house for a shoebox.
Salary and safety will be better here than in AirAsia or Cebu, but will lifestyle be better than in other Asian countries?
Like other have said: you'll be trading a house for a shoebox.
Join Date: Jun 2008
Location: The sky
Posts: 30
Likes: 0
Received 0 Likes
on
0 Posts
And you have rocks in your head if you want to commute even from somewhere in the philippines or south east asia on a 747 or airbus roster. Min legal days off and unstable.
Last edited by Natca; 28th Sep 2016 at 12:21.
Join Date: Mar 2000
Location: All over the show like a madwomans crap
Posts: 494
Likes: 0
Received 0 Likes
on
0 Posts
Latest rumour from the A50 instructors is the DEFOs are going direct onto the A50.....and as there is no 350 - 330 course, only 330 - 350, there they will stay enjoying the ULH lifestyle us senior guys are denied.....you can't make this stuff up.