tag:blogger.com,1999:blog-249142036245875345.post5835615081104182589..comments2022-11-01T19:09:29.708+08:00Comments on News Clips: Competing for talentUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-249142036245875345.post-77058730485450045282010-01-11T03:04:33.194+08:002010-01-11T03:04:33.194+08:00Of great concern to many foreigners is the deep se...Of great concern to many foreigners is the deep seated hatred towards non Muslims in Malaysia.<br />The recent Christian church firebombings by Muslim extremist should be a warning sign to any foreigner that it's welcome is tentative.<br />If you are Muslim, the "My second home" program is something to consider. <br />If not...go at your own risk<br />In addition the growing unrest of ethnic Chinese and Indians, who constitute 40 percent of the population but are treated<br />differently by law from ethnic Malays is a reason for concern. <br />As long as the government carves out special privileges for Muslim Ethnic Malays I don't see a very bright future for foreigners in Malaysia<br />Think of a home as a 30 year investment Then ask yourself...when Malaysia gets to the point where it doens't need to rely on investment from "My Second Home" foreigners and a Malay wants the property your house sits on.....what then?? Could the government apply a new law that gives ethnic Malays first rights to property ownership over foreigners?? <br />In 1970 about 150 american retirees bought beachfront property in Baja Mexico and built their dreamhomes. Later the legalclaim to the land they thought they had purchased legally was challenged and they ended up being evicted....they lost everything....an expensive lesson.<br />http://www.entrepreneur.com/tradejournals/article/131329660.html<br />Compare that to the property laws in the United States where even illegal aliens can own and hold title to property just like US citizens. They may face deportation for their illegal alien status ...but nothing can jeopardize their rights as owners of property in the States. They can hold title, sell or will their property just like anyone else. Title insurance protects them against defective title and US law protects their rights to private property.<br />Making an investment in a home is a long term move and it would be wise for anyone considering moving to another country just for a lower cost of living to carefully evaluate the stability of the country, the level of corruption, religious and ethnic tolerance, and equal protection under the law.<br />Any one of those factors could end up costing you your investmentHamsterhttps://www.blogger.com/profile/10045933530624125001noreply@blogger.com