Financially speaking, moving from the USA to Canada in 2001 was a very smart move, assuming the bulk of your assets were in US Dollars. Luckily, Diane and I left California for Calgary soon after we met during the weakest stretch for the Canadian Dollar in over 50 years. Exchanging one dollar meant receiving back almost $1.58, saving us almost $20,000 on the down payment of our first house. Conversely, when we sold the house for double what we paid only six years later and moved back to California, theLoonie(Canada’s currency) strengthened so much that we received about $0.93 US back for every $1.00 Canadian. Had it remained the same, it would barely have made sense to sell.
Recently, I posted about the Malaysian ministry enforcing stricter income verification policies for MM2H applicants that might potentially spell trouble for Americans. Issued as a ten-year social visit pass renewable indefinitely, the MM2H is an attractive long-term visa not requiring any “visa runs” like neighboring Thailand, albeit with more paperwork and much larger financial requirements. Navigating the tedious procedure and emailing Joy-Stay, (our agent) for six months now, I’m thinking we may have finally hit a patch of bad timing through no fault of our own. Almost too coincidentally, an ambiguously written notice from Bank of America arrived last week describing what sounds like a mass consolidation of bank branches that might be a nail in the coffin for the ministry’s “verification letter” from our financial institution.
Having now sold over $1,000 worth of crap using the amazingly effective app called Offer Up, I recently began emptying boxes in the garage. Taking stock of what goes in storage or gets shipped to Malaysia, I reminisced about a three-month period almost erased from memory as I discovered some old trinkets. After my first stint as an American expat in Canada, Diane and I made a failed attempt at living in San Diego. Perpetually famous as one of America’s dream retirement spots, it’s also the largest big city in the world located so close to a free border between two nations.
Diane protecting us from Mexican immigrants
Recently I posted about changes in the Malaysian MM2H visa application process that involve stringent new income verification rules. Potentially affecting American citizens, we’ve been informed by Joy-Stay (our agent) of possible delays or even rejection should our application be “selected” for verification of the verification. Accordingly, we’ve contacted some of our readers living in Thailand asking for information on their current visas if “Plan B” becomes necessary. Reiterating Thailand’s ridiculous revolving door policy of never-ending “enter, exit, enter again”, some of you told us about a “retirement visa” but with an annual renewal requirement requiring our physical presence, that didn’t seem very convenient compared to ten years of unlimited entry.