Comments by "Marvin Fine" (@torontovoice1) on "I’m Buying a Car #NomadCapiTEAlist" video.

  1. Malaysia is a hot country, and if the car is not being used on a regular basis, everything will deteriorate. You simply can't do that, and it's one of the things I looked at about living in a country and only spending a certain amount of time there. What do you do for a car? What I'm doing now is I'm renting, and renting has become extraordinarily expensive lately, especially in some countries where it's like $100 a day to rent a Mazda 2. The cost is just gone off the roof. Because of the pandemic, a lot of car rental agencies had fleets of cars that they couldn't rent because tourists weren't coming. So what did they do? They sold off their fleets because they couldn't afford to continue keeping them and making the payments when I'm not being used. And many of them sold them off at deep discounts because the market was so soft. Now the demand exceeds the supply and the price accordingly has gone through the roof. Even in like normal countries like Canada for example prices of more than doubled. But in smaller areas like for example Cyprus we're talking like a hundred bucks a day to rent a Mazda 2. Even so, there are no good solutions about buying a car if you're only going to be somewhere for several months, it's still better to rent and pay an exorbitant price than to buy a car and have it sit 10 months of the year. Now granted you're probably going to be in Malaysia more than you're another country's because they have territorial tax and you don't have any concern about spending more time there given the fact that you have a residence permit. I know you mentioned your tax residents is in Dubai, but I think you only have to be there two days a year to maintain your tax residency, and countries that have territorial tax, don't really care how long you spend in other countries. I often wonder though how you maintain all these houses in all these different countries that are unoccupied or alternatively, do you have your staff stay in these houses when you're not there so at least they lived in. I've left apartments vacant for a couple of months in hot countries and you come back and there is all kinds of problems. The plastic on the air conditioning housing for example turn yellow because of the heat, and many of the things will deteriorate including getting a sticky kind of surface on a lot of products like computers etc. So when I leave I either take home my electronics with me, or store them in sealed plastic bags. It's a big hassle doing this. And that's assuming that nothing else goes wrong. Anyway, enjoy the new car, I don't know if I would want to drive an expensive car in a poor country. It just makes you a Target. You mentioned that it does that in Columbia where the corruption is rampant, but maybe not so much in Malaysia. They have very strict laws including some archaic laws that I won't mention here, but human rights organizations Express outrage some of the things they do. Anyway enjoy!
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