expats

29 Aug

london 12.11pm 16C sunny wednesday 2018

today i got to see what is actually happening to expats in europe, esp spain. the statistics are in. they are leaving . it is not surprising, when u consider the twin factors of brexit and the £ becoming almost equal to the euro. the latter alone will be enough to push people to leave and if not come back to the uk, which will apply to the majority;  then, less likely…to go to other countries outside the eurozone.

i think they would consider their time in spain a nice time while it lasts, even though when they first went there, they would not have thought that brexit would happen.

and once brexit is going to happen, then exchange rates will assume a big factor in their calculations as to how affordable living abroad means to them. the £ will be affected and it will always influence their stay wherever they are in the world.

maybe if u are an expat, consider your life as a nomad. which will be what it finally amounts to.  go where £ exchange rate is the best. and that means moving once in a while as the £ moves up and down. in other words, reconcile yourselves to the idea that you will have to move constantly as the fortunes of the £ ebbs and flows. now, turkey is a good country to go to for its exchange rate. as well as the constant favourites like india, malaysia, indonesia. 

personally, i always think that moving away to live will always be a short term goal. eventually, you will come back to uk, because health reasons! will push you to move back here. sooner or later,you will get too many illnesses, that would require you to come back and use the nhs.

 

8 Responses to “expats”

  1. Garfield Hug Wednesday August 29, 2018 at 1:08 pm #

    In lil red dot, days of high end expats are gone. These days people are hired on local packages and they live in HDB. We have people from all countries living cheaply in rental HDB flats.

    • alifesgayventure Wednesday August 29, 2018 at 1:15 pm #

      have the govt relaxed the rules on subletting in hdb flats? i understand that you have to ask permission to sublet. maybe you still have to ask, but they are less strict about it now. singapore is too expensive for retirees, i think. any foreigner going to live (as opposed to being a tourist) in singapore have to be working there on work permits. and it might be cheaper to live in johor bahru and commute into singapore.

      • Garfield Hug Wednesday August 29, 2018 at 3:02 pm #

        Yes we are too expensive for retirees. HDB has relaxed a fair bit. This is to help give income to retirees or single parents. Many Singaporeans have bought properties in Malaysia as an option to move to when older but the Malaysian government changes their rules too much that the latest says that Forest City investors do not get automatic residency. Imagine the horrors of investors buying property in JB.

      • alifesgayventure Wednesday August 29, 2018 at 5:42 pm #

        yes, i heard of that, the govt restricting foreign buyers from buying in that new city near johor bahru, that is built by the chinese. that would be bad news for them. it is the same problem encountered by expats everywhere in the world, the host country can change the rules just like that. also, with british expats, they lose out on index linked state pensions if they go outside the EU. the state pension rises every year at the same rate as inflation as measured by the consumer price index. last year it was 3%, the highest rate since april 2012. so these expats in other countries can lose out a lot of money over the years.

  2. Sarah M Thursday August 30, 2018 at 8:12 am #

    Well I don’t think anyone knows what is going to happen, so people are preparing for the worse. My original intention had been to buy a property in Spain, but I”m waiting to see what they do.

    • alifesgayventure Thursday August 30, 2018 at 8:26 am #

      i should think everyone is doing what you are doing. wait and see.i am sure property sales by the british in spain must have dropped like a stone. but no statistics on it yet. and better not fly into europe after 29march2019 when brexit is official at 11pm until we see if if they allow the british passport holders to enter. in a way it is quite an exciting time because it is such a mementous change.

      • Sarah M Thursday August 30, 2018 at 8:29 am #

        Yes there was a thing in the independent about the so-called ghost flights – you leave as a European and enter another country as god-knows-what. But I think they are trying to frighten people.

      • alifesgayventure Thursday August 30, 2018 at 8:42 am #

        i was just reading that this morning. simon calder calls it the cinderella flights. haha. easter holidays start 19april that year, so it would be interesting to see what happens then.

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