Real Pros & Cons of Living in Hong Kong

[@唐賓佐]

主持人貼地真實沒有離地，沒有誇張虛構描述。👍 個人意見：先住2-3周，自己第一感覺和周圍視察環境，若果喜歡，訂下一個較長如3-5年在香港生活計划包括工作、學習等。 估計東南亞地區人民最適應香港生活。

[@robocop581]

Low income tax, no capital gains tax, no sales tax, almost free Healthcare and medicine (Token admin charge). A lot of companies also pay CNY bonus (13th month pay) which takes care of the income tax so you basically pocket your entire 12 months salary. If you have kids, you can hire a domestic helper which enables both parents to work full time. The cost of a DH is a fraction of the cost of day care service in Canada for one child. The items above add up to this - disposable income is very high in HK. Of all the years I've lived here, I've saved between 50% to 80% of my household's total income (before tax) and that includes housing.

[@MyBrokenPassport]

Great comment on the financial side of things! No doubt HK can be financially rewarding if you are here for the medium-long term. I’m not 100% on the domestic helper situation though, kind of baffles me how a group of people that make up 10% of the population can be excluded from things like minimum salary / contracted working hours etc.

[@robocop581]

@@MyBrokenPassport Domestic helpers know what they're getting - their salary is equivalent to the earnings of a bank manager in the Philippines. In return they agree to the restrictions that were laid out by the HK Gov't based on the items you mentioned above. Many Filipinos that work abroad in Saudi Arabia, Singapore, etc also have restrictions. It is only unfair if the items in the contract were not clearly stated. With that in mind, any foreign person can try to get employment in HK via sponsorship which is very difficult. They're free to pursue that but many opt for the Domestic Helper jobs because it is fast and convenient.

[@Tiger-gs6xm]

Taxes are Direct or Indirect. HK direct taxes are very low. Indirect taxes very high. An indirect tax of Hong Kong is property prices. Hong Kong real estate is very pricey. Property sales and rentals revenue by the government is a major contributor to Hong Kong’s revenues.

[@MyBrokenPassport]

@@Tiger-gs6xm great point! I always explain this to people… what you save on direct taxes you pay for with things like rent. People need to carefully weigh up the pros and cons before deciding if it’s really worth moving here or not.

[@Tiger-gs6xm]

@@MyBrokenPassport Other Significant indirect taxes for Hong Kong people 1. Sending your kid to a foreign post secondary institution 2. Everything has a fee…..can be very high 3. Purchase and operation of a car.

[@kaml.7341]

Just love your video! Please keep up the excellent work.

[@MyBrokenPassport]

Thanks so much for watching and commenting!

[@Ed7501]

It took my body exactly 6 years to adapt to the HK summer heat. Meaning it was in my 6th summer when I noticed that my head wasn't a waterfall while standing still at the bus stop :D

[@MyBrokenPassport]

I’m still a long way off from achieving that! 😄😄

[@keniceeunice2644]

I am ridiculous, I am afraid of dry weather, I am comfortable in Asian even in Malaysia where the weather is with a rainy section everyday .

[@MyBrokenPassport]

@@keniceeunice2644 our bodies are all accustomed to different environments 😀Though the first time I went back to the UK after moving to HK I spent the whole week shivering because it was so cold haha.

[@Grubbygund]

No actually the long working hours is more like from 9:30am - 8pm or 9pm. I have to work 10 hours and sometimes 12 hours a day at my job, so definitely very understated with OT. Some ppl have to work on Saturdays and Sundays so it’s more like a slave job😂

[@MyBrokenPassport]

Yes, working hours in some jobs are crazy long compared to other countries! No work-life balance for a lot of people unfortunately 🙁