Quote:
Originally Posted by Tapioca
Let's be honest - 4444 is Caucasian, has an EU passport, and has a profession that has low barriers to entry (CA/Finance). I think most people who have these things would be seriously tempted to move to Europe.
The rest of us who are ethnic minorities and have no real desire to make money in China (for various reasons) have fewer choices. Europe is still a pretty xenophobic place (the UK notwithstanding). It's either the US, or Canada. On the rough side of 30 (and making enough money to survive), I would basically have to give up 5-7 years of my life, reinvent myself, and then jump into a market with 22 year olds who are willing to work longer hours for less money. I'm doing a degree part-time right now that's related to my profession and that's enough of a slog. I can't imagine reinventing yourself at the age of 35 just so you could maybe make another 25% in 10-15 years.
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i respect what you're saying, and you're right, i'm a caucasian european that works in finance.
having said that, thinking of my part of the office (from admin through to CFO of a multi billion dollar company), we have:
5 Asian
2 Middle Eastern
3 Caucasian
workers (either heritage or immigrant).
the world is mobile if you get the right education/skills that are both in demand and transcend borders. Having an EU passport helps, but in many countries it's not hard to get a working visa if a company wants you - i'd say that's the barrier, not your race.
I would argue that while i am blessed in my circumstance to be born in the EU and caucasian, the race card is becoming less and less of an argument.
And to comment on some other posts, even if i were to stay in vancouver for the rest of my life, i still wouldn't buy right now. just because you have a longer term outlook, you're first mortgage is the most important one - of course prices will be a lot lower, in real terms, in the coming 5-10 years. I'd juts wait until them. Whether I'm paying rent or 99% payments going to interest on the mortgage + the risk of price decreases, i'll pay the one that's less, until I can feel confident that prices will definitely be higher in 5-10 years than they are today.