Despite having five days in between our real beach vacation in Koh Lanta and our one month escape from the unhealthy shitty air that defines Chiang Mai every year like clockwork, I’ve been very remiss with my posts so please accept my apologies. Having just arrived in a small sleepy beach town called Bangsaphan that’s literally three hours from the nearest big tourist area, we’re settling into our two huge bedroom 1,700 square foot house that we’ll call home for a month. Astoundingly priced on AirBnbat about $20.41 USD a day and deeply discounted if you stay 30 days, the house is large, airy and comfortable. Having taken two days to drive 1,150 kilometers, it’s time to chill out in an area with lots of places they call “beach resorts”but realistically most of them are very mediocre two or three star at best. A perfect place to really relax without the crowds, this town isn’t exactly a place you’ll see on any Travel Channeldocumentary that features Thailand’s beach destinations. And that’s just fine by us.
So given my degree of laziness at the moment, I’ll break from the usual story telling format after making a few key points about Northern Thailand during “burning season” and telling you a bit about Koh Lanta. Not yet high on the list of top beach destinations in Thailand, it’s an island that still maintains a bit of rustic charm and simplicity while offering countless less expensive accommodation options for all budgets. Known for a hosting a huge number of Swedes (mostly in the north), the island has about six distinct regions each with different vibes and suited for different groups of visitors. Staying during the mid-season, we saw mostly strangely quiet French and German tourists both young and old, families and a smattering young couples. Most importantly, the skies were blue, there’s no agricultural burning and during dry season, every sunset looks like this.
After recent comments about leaving Penang and moving to Thailand once our lease expires later this year, I’ve received a lot of questions asking what’s wrong with Malaysia so I thought I’d address the topic. In one short sentence, there’s nothing inherently wrong. Simply put, Malaysia offers the best long-term retirement visa in Southeast Asia and while the application requirements are not inexpensive and the process is a bit tedious, the benefits far outweigh the hassles when compared to other neighboring countries. For example, Thailand’s never ending revolving door policy of visa runs and short-term non immigration visas with endless reporting requirements and lack of permanent residency options for most applicants makes Malaysia’s MM2H look like an expat’s dream come true. For anyone looking at Malaysia as a retirement option or a temporary escape from the United Trump States of Draconia, I highly recommend the Malaysia My Second Home (MM2H) program and I’ve written extensively about it on this blog.
My best anti-Trump shirt
Having said that, our situation is exactly what the blog’s title implies; an experiment. While Malaysia offers excellent infrastructure, English-speaking citizens and a myriad of annual festivals featuring three different cultures, it’s not everything we’d hoped it might be and it’s simply time for us to move on. Given our situation, it makes sense to stay in the MM2H program since we paid the annual fee for six years (when our passports expire). Additionally, the timing of our fixed deposit purchases was one rare case in our married life where we got hosed big time. (MM2H requires participants to keep a 150,000 ringgit fixed term deposit in a local bank while on the program). Arriving when the exchange rate was 3.7613 per USD, 150,000 Malaysian ringgit cost us $39,879 USD. Even with an annual reinvested interest payment of 3.3%, the current exchange rate of 4.42 means our fixed deposit’s current value hovers just over $35,000 USD. Even though the fixed deposits need to stay intact for as long as you stay in the program, local banks won’t let you take a term longer than one year. Suiting them perfectly, Malaysian fixed deposit rates rise with terms exceeding one year and since the central bank lowered interest rates twice during our first year in Penang we’re now earning only 2.9%. With nobody on Wall Street anticipating a rising Ringgit, even after six years of interest payments, we’ll probably just break even when we leave Asia and cash in our fixed deposits.