Boat in HK good idea and where?
The paperwork is all online now and fairly straight forward customs wise. It enters Australia as "personal effects" and you declare the boat as such and any belongings inside( in my case everything I own ). You need to have the boat cleaned and the various tanks cleaned and emptied prior to arrival in Australia. You get a certificate of compliance and scan it and send to the Aussie authorities. They have the opportunity to inspect the boat upon arrival and I will wait and see what they say. Hong Kong waters are not in designated "alert" areas so there should be no problems. Absolutely no foodstuffs to be onboard but that is obvious. The boat is customs sealed here in HKG by HKG Customs. The seal broken by their counterparts in SYD.
So fingers crossed.I will keep you posted.
So fingers crossed.I will keep you posted.
Wish you the best. Are you following the boat or staying a while?
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What about the boys with the 60 foot plus Junk behemoths , will they ship those on a flat deck?
Some Boats must weigh upto 50 tonnes . WTF were those guys designing & building them so big for? Ans: mines bigger than yours syndrome.
.
Or am I missing something???
Some Boats must weigh upto 50 tonnes . WTF were those guys designing & building them so big for? Ans: mines bigger than yours syndrome.
.
Or am I missing something???
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Krone, you seem to have a lot to say, most of it deliberately aggravating. I have a good friend in the Marina who's life has been turned upside down. If you don't have anything positive to say, then perhaps you can go off and play somewhere else...
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...yet more evidence of your rather immature nature. Grow up.
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Someone suggested the option of finding a spot of land, close enough to sea - where you could drag up your (house)boat. Then convert it so plumbing and such would suit a land life.
No more barnacles. Safe in a typhoon. Lots of room to live on. No sampan needed. Your own village house, in from the sea.
I don't know if it would be possible (or legal), but I like the thinking outside of the box. In this case, thinking outside of the water.
No more barnacles. Safe in a typhoon. Lots of room to live on. No sampan needed. Your own village house, in from the sea.
I don't know if it would be possible (or legal), but I like the thinking outside of the box. In this case, thinking outside of the water.
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This made Bloomberg:
https://www.bloomberg.com/news/artic...ng-kong-expats
So now the world knows that "Kiihfuss and her husband, a pilot [...]" are paying a "[...] HK$63,000 monthly mortgage repayment on the houseboat [...]" plus mooring fees (which are quoted at HK$24k pm for a 60' boat) ...
"Regardless, living on the water has long appealed to those seeking an alternative to high-rise city life. Some companies even help to finance debenture purchases and provide boat mortgages. "
not sure what the strategy is here, engender or endanger sympathy from the masses? good thing no mention of stayaboards...
https://www.bloomberg.com/news/artic...ng-kong-expats
So now the world knows that "Kiihfuss and her husband, a pilot [...]" are paying a "[...] HK$63,000 monthly mortgage repayment on the houseboat [...]" plus mooring fees (which are quoted at HK$24k pm for a 60' boat) ...
"Regardless, living on the water has long appealed to those seeking an alternative to high-rise city life. Some companies even help to finance debenture purchases and provide boat mortgages. "
not sure what the strategy is here, engender or endanger sympathy from the masses? good thing no mention of stayaboards...
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Someone suggested the option of finding a spot of land, close enough to sea - where you could drag up your (house)boat. Then convert it so plumbing and such would suit a land life.
No more barnacles. Safe in a typhoon. Lots of room to live on. No sampan needed. Your own village house, in from the sea.
I don't know if it would be possible (or legal), but I like the thinking outside of the box. In this case, thinking outside of the water.
No more barnacles. Safe in a typhoon. Lots of room to live on. No sampan needed. Your own village house, in from the sea.
I don't know if it would be possible (or legal), but I like the thinking outside of the box. In this case, thinking outside of the water.
I'd say it worked during the housing crisis (because it kinda did for some), but unfortunately it didn't stick it to the right people (the banks who lent poorly got bailed out, the wall street scammers skated, and the taxpayers and honest investors got stuck with the bill; although at least it's a bill that'll never be paid).
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My thinking outside of the box would be (if you didn't have much equity in the boat and could get your assets out of HKG) this might be a good time to walk away from the boat, walk away from the job, stick the bank with the boat (and debt), leave HK, and start a new and happy life. Could be a blessing in disguise.
I'd say it worked during the housing crisis (because it kinda did for some), but unfortunately it didn't stick it to the right people (the banks who lent poorly got bailed out, the wall street scammers skated, and the taxpayers and honest investors got stuck with the bill; although at least it's a bill that'll never be paid).
I'd say it worked during the housing crisis (because it kinda did for some), but unfortunately it didn't stick it to the right people (the banks who lent poorly got bailed out, the wall street scammers skated, and the taxpayers and honest investors got stuck with the bill; although at least it's a bill that'll never be paid).
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Someone suggested the option of finding a spot of land, close enough to sea - where you could drag up your (house)boat. Then convert it so plumbing and such would suit a land life.
No more barnacles. Safe in a typhoon. Lots of room to live on. No sampan needed. Your own village house, in from the sea.
I don't know if it would be possible (or legal), but I like the thinking outside of the box. In this case, thinking outside of the water.
No more barnacles. Safe in a typhoon. Lots of room to live on. No sampan needed. Your own village house, in from the sea.
I don't know if it would be possible (or legal), but I like the thinking outside of the box. In this case, thinking outside of the water.
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compare this to those livaboard families who are servicing their loans from post taxed salary. Alot do choose the boat option as they cannot afford to buy landed property. No allowances for them . 55k per month out of pocket & 6 million left to pay off.
The lady in the Bloomberg article says to move to an apartment would cost them upto 90000/ month. I mean wtf . There’s plenty to rent here for 20-30k/ month. Spoilt expats comes to mind.
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Krone, you seem to have a real problem with those people struggling with the boat situation. Nearly every comment you make is mean-spirited and cynical. Basically, you are a first rate a**hole. Noted. Many of those affected are friends and colleagues, and it is devastating them and their families. If you've got nothing good or positive to say, then why don't you just crawl back in whatever hole you came from. What an arse.
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And sometimes (depending wholly on circumstance) it is the correct moral, ethical, and legal thing to do.
Depends a great deal on the exact circumstance of how it was accrued and on the lending entities ability to make your life difficult wherever you wind up.
Might not work or be a feasible plan in this particular case; not sure of the specifics of who lent what and their ability to recover what they lent wherever the person might wind up. Just trying to think outside the box for those it might help.
I would feel no obligation to pay a lending entity back for a house if that lending entity played a role in later making that house worthless. Or who over optimistically lent money with terms which wound up being a scam.
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Actually, you often can and it often does work this way. Happens all the time with people and even larger entities and corporations (who might have to jump through a few hoops but are effectively doing the same thing).
And sometimes (depending wholly on circumstance) it is the correct moral, ethical, and legal thing to do.
Depends a great deal on the exact circumstance of how it was accrued and on the lending entities ability to make your life difficult wherever you wind up.
Might not work or be a feasible plan in this particular case; not sure of the specifics of who lent what and their ability to recover.
I would feel no obligation to pay a lending entity back for a house if that lending entity played a role in later making that house worthless. Or who over optimistically lent money with terms which wound up being a scam.
And sometimes (depending wholly on circumstance) it is the correct moral, ethical, and legal thing to do.
Depends a great deal on the exact circumstance of how it was accrued and on the lending entities ability to make your life difficult wherever you wind up.
Might not work or be a feasible plan in this particular case; not sure of the specifics of who lent what and their ability to recover.
I would feel no obligation to pay a lending entity back for a house if that lending entity played a role in later making that house worthless. Or who over optimistically lent money with terms which wound up being a scam.
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1) Wanted a property instead of the boat for collateral as they worried the boat was depreciating faster than the loan was reducing
2) the lender was a second tier finance company who borrowed wholesale and as a result my interest was twice what I would get borrowing from a bank for an apt
3) Questioned buying a liveaboard to maximise dock space vs buying an actual manufactured seaworthy boat that could find a market overseas
4) Questioned the value of the debenture vs the debenture face cost and the total finance package I wanted.
I think you’d be hard pressed to wriggle out of the finance obligation but worth a look.
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MC: once again, just trying to be the 
stirrer. Funny, my two friends in the Marina never had any such questions. I suppose it was probably because they took one look at you and realised you were dodgy on every level, so they decided to up the ante a bit in your case. Basically, as with everything else you say on PP, you are full of sh*t.
stirrer. Funny, my two friends in the Marina never had any such questions. I suppose it was probably because they took one look at you and realised you were dodgy on every level, so they decided to up the ante a bit in your case. Basically, as with everything else you say on PP, you are full of sh*t.
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AP, you are letting that hot headed temper of yours rule the simplicity of the legal case with livaboards.
Im not been negative, infact im pointing out that as we work for CX, a mortgage or boatloan is paid each month.
Ok you will no longer make anything, but the at the end of the day, its not life savings. You are still employed with full allowances.
The real issue is with those guys who take the monthly payment directly from salary. With no subsidy.
I know there are bankers and financiers on the DB marina who will put the loss down to the acceptable
risk of owning a boat in DB. As morning coffee correctly states above.
Its always been a case of buyer beware and due diligence. Nothing new there, we all do a risk assessment on everything we buy. And then make the choice.
Im not been negative, infact im pointing out that as we work for CX, a mortgage or boatloan is paid each month.
Ok you will no longer make anything, but the at the end of the day, its not life savings. You are still employed with full allowances.
The real issue is with those guys who take the monthly payment directly from salary. With no subsidy.
I know there are bankers and financiers on the DB marina who will put the loss down to the acceptable
risk of owning a boat in DB. As morning coffee correctly states above.
Its always been a case of buyer beware and due diligence. Nothing new there, we all do a risk assessment on everything we buy. And then make the choice.
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Bicker all you want about the past, but what exactly is the plan for the future? As pointed out above, you don't need $90k pm to house a family of five, and there is this bizarre concept of stay at home adults sometimes needing to find work when financial situations change.
Who is the target of the media campaign? RHKYC??
Who is the target of the media campaign? RHKYC??
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MC: once again, just trying to be the stirrer. Funny, my two friends in the Marina never had any such questions. I suppose it was probably because they took one look at you and realised you were dodgy on every level, so they decided to up the ante a bit in your case. Basically, as with everything else you say on PP, you are full of sh*t.
stirrer. Funny, my two friends in the Marina never had any such questions. I suppose it was probably because they took one look at you and realised you were dodgy on every level, so they decided to up the ante a bit in your case. Basically, as with everything else you say on PP, you are full of sh*t.Hitachi Finance isn’t. It’s a Finance Company and is completely and utterly different from a bank. It can’t accept deposits and has to issue bonds or borrow off the secondary market. They do commercial finance worldwide for plant and machinery, I have no idea why they’re in liveaboard finance.
If your mates happily signed at 100-150+ basis points above, I’m not surprised Hitachi didn’t ask questions. Under UK law, I assume Hkg is similar, your dwelling has to be on a plot of land to get a mortgage. No idea why guys are calling it a boat mortgage.
I did sugggest AOA members financially help. Why AP thinks that’s such a sh*t idea, I’ll never know.
Confused?