Comments on: Column: Real Estate, Retail Sales, Construction

By: swing voter

swing voter — Fri, 07 Aug 2015 16:12:35 +0000

ok things are getting better, but it hasn’t hit my level yet….um still under water, my condo can’t be sold to even PRCs and I can’t find a low level 2nd job because the ……. oh never mind

By: theothersidebda

theothersidebda — Wed, 05 Aug 2015 10:47:40 +0000

No one (unless you paid ‘all cash’ and above the appraised value) paid way too much in 2000 to 2008…they paid the market price at the time. Markets change, all markets. You could say the same thing about the stock market. Your choice of when and whether or not to enter any market rests solely with YOU. I purchased near the peak of summer 2008…and have seen my entire 25% downpayment eroded to nearly 0% at the moment. Sure it sucks, but its a risk that one takes when undertaking any major financial investment. You knew the laws regarding your inability to sell your home to foreigners at the time of investment. So you are not being “disadvantaged”. Why should the law be changed now just to conveniently suit your situation when you knew full well this was not an option to you when you bought the house?

By: In the business

In the business — Wed, 05 Aug 2015 10:45:46 +0000

Why would a Government Minister quote a single private business figures and not the Real Estate Division of the Chamber of Commerce. This opinion piece is a reflection of the attitude of the OBA. Selective, misleading use of information.

By: James

James — Tue, 04 Aug 2015 23:15:37 +0000

Retail sales are up even accounting for inflation.

By: Raymond Ray

Raymond Ray — Tue, 04 Aug 2015 22:33:05 +0000

Unfortunately people see and believe what they want to.Opinions are like something else we all have.

By: swing voter

swing voter — Tue, 04 Aug 2015 20:14:10 +0000

Just open the real-estate market up 100% …..I’m being disadvantaged as my ARV only allows me to sell to locals. This is unfair, considering that everyone that purchased between 2000 – 2008 paid way too much for their properties in a heated, under-regulated real estate market.

By: Jeremy Deacon

Jeremy Deacon — Tue, 04 Aug 2015 18:46:52 +0000

1. why were the figures not quoted then?
2. But you need to always quote the underlying figure that takes volume and the rate of inflation into account
3. The story you refer to was not supported by a follow up article.

My point is that an MP – PLP or OBA – needs to be called out if spin, such as has been used here, is involved

By: inna

inna — Tue, 04 Aug 2015 17:15:26 +0000

Feedback?

By: Jonah

Jonah — Tue, 04 Aug 2015 16:47:29 +0000

Now can we have some honest feedback regarding Jetgate?

By: Mr. Mahbooboo Mah bobo

Mr. Mahbooboo Mah bobo — Tue, 04 Aug 2015 15:40:26 +0000

Well…this is good news…I remember not too long ago …when that other party…who were they?…had us in so much debt we had to turn off that light at the end of the tunnel …in order to save lactricity!

By: James

James — Tue, 04 Aug 2015 15:17:29 +0000

i. The Bermuda Realty report, which contains the figures in question, is on their website. I encourage you to read it, as it adds color.
ii. Retail sales are up nine straight months; that some months will be flatter than others does not change the fact that the trend is encouraging, especially when you look at the sectors driving this increase. Again, figures to support these inferences are available online.
iii. A rise in construction is consistent with the retail sales index and statistics recently released that show new home starts are on the rise.

By: A Better Place

A Better Place — Tue, 04 Aug 2015 13:12:32 +0000

Good news…finally!

By: Jeremy Deacon

Jeremy Deacon — Tue, 04 Aug 2015 13:09:47 +0000

i. the 44 percent increase in homes sold: 44 percent on what? The original story never gave actual numbers, so it is unreliable.
ii. retail sales rose by 1.4pc, but what was the volume after inflation was taken into account. That is the important figure.
iii. The first story about growth in construction was followed up the next day by people saying they did not agree.

This is a poorly written and potentially misleading piece.