This. Living (even partially) overseas as someone who was born in the U.S. has so many disadvantages. The U.S. is the only country in the world that imposes global tax. Not only that, taxes are really complex and cost a fortune to file if you have overseas assets. Now, add to that that I cannot sign up for many bank accounts or other financial institutions because they don't accept U.S. customers - they don't want to deal with IRS filings either. It's not about tax evasion. It's just a huge pain being an American that owns property and spends a lot of time overseas.

At some point, depending on how much time you spent overseas and how many assets you own, the benefits of giving up US citizenship start to outweigh the cons. And it's better to do this soon than later because exit tax is a thing.