Cheers Mate, ours went fine from export at Eastern Europe to Australia till a birds nest was found inside a wing - then that made for hard times.
Wish you the best. Are you following the boat or staying a while?

I'm following the boat. Gone by Xmas. No futire here.

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...

...yet more evidence of your rather immature nature. Grow up.

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.

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...

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).

That would work EXCEPT land property was mortgaged and you could hand back the keys and walk away. Boats are personal loans from lenders. You can't hand the keys back, they don't want them they want their money back and will pursue you relemtlessly worldwide.

Exactly, you cant just walk away from a debt because it does not suit you anymore. Not how the world works

Squatting is illegal in HK. "On squatter control, the Government conducts regular patrols to deter illegal squatting on Government land and leased agricultural land"

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.

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 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.

Not for individuals.

MC: once again, just trying to be the :mad: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.

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??