Comments on: Videos: Govt Host Cost Of Living Summit

By: Triangle Drifter

Triangle Drifter — Thu, 26 Jun 2025 20:04:13 +0000

Yet another yap yap session. What was the breakdown of the attendees?

How many civil servants basically having a paid day off, lunch included. How many have the slightest idea of what it takes to run a business and what is involved in making the prices what they are?

How many managers from the food service industry? The people who know why prices are what they are.

Anyone from the wholesale industry?

Any real estate people who deal with rentals?

How many independent landlords were there? The people who provide the housing. The people who have to deal with Rent Control and the courts that don’t even uphold existing laws.

Anyone from the legal profession to speak of the costs landlords have to go through to hopefully ensure that every i is dotted and every t is crossed because if not a landlords case will get thrown out.

Six months, most likely longer, from now some report will be presented as if anything can be done about costs. That report will join all of the other reports in a dusty Government dungeon somewhere.

Tens of thousands spent and nothing to show for it.

By: Triangle Drifter

Triangle Drifter — Thu, 26 Jun 2025 19:41:28 +0000

It flys right over the heads of most.

By: Joe Bloggs

Joe Bloggs — Thu, 26 Jun 2025 19:03:16 +0000

“its been dictatorship until 1963. Bermuda could only elect leaders after that date.”

1963 was the first election with party politics, not the first election held in Bermuda.

As for your views on economics, I can see that you object to a free market economy.

By: Joe Bloggs

Joe Bloggs — Thu, 26 Jun 2025 16:33:56 +0000

“a qualifying hotel”

And what hotels would you say were a qualifying hotel? Ariel Sands? Palmetto Bay? Bermudiana? Horizons? Elbow Beach? Sonesta Beach?

We used to have more than 12,000 hotel beds. Now we do not even have 3,000.

By: no clue

no clue — Thu, 26 Jun 2025 12:54:47 +0000

“to make an economy more voter friendly they would have been implemented centuries ago” what nonsense is this. Take your blinders off. its been dictatorship until 1963. Bermuda could only elect leaders after that date.
No its a thing called regulations. People cant line there pockets if regulations were in place here. With no regulations, prices are like the wild west out here. Limiting the rates of the rent, allowed markup on essential goods and services, having a Bermuda owned bank that allows low interest fixed loans for local home buyers to entice people to stay due to being able to own and pay for a piece of the rock. for example a $500,000 dollar loan its 1.3M to payback for that property. Its very off putting for any younger person to try and achieve. The Governments so called affordable housing complex turned into a 100M dollar joke and the rents are just as ridiculous or worse. so thats setting a great example for others. Young Bermudians like myself are struggling to survive here. Hence why a large portion of us a fleeing this country for better opportunities elsewhere.

By: Hey

Hey — Thu, 26 Jun 2025 12:17:49 +0000

one easy fix is to ban AIR BNB and private letting to short stay visitors unless a qualifying hotel… alot of housing was taken out of the rental and purchase market to satisfy the greed of the few. This would bring down rents making Bermuda accessible to Bermudians.

By: Kim Smith

Kim Smith — Thu, 26 Jun 2025 12:15:19 +0000

At least we are talking, publicly, about it. No, it isn’t going to yield instant solutions, but it is a good beginning!

By: Kim Smith

Kim Smith — Thu, 26 Jun 2025 12:13:17 +0000

@Hey… I completely agree with your comment

By: Joe Bloggs

Joe Bloggs — Thu, 26 Jun 2025 09:56:55 +0000

If there were “a lot of easy fixes that can be implemented” to make an economy more voter friendly they would have been implemented centuries ago.

No government can control a market driven economy. Market forces control our economy. That is why it is called a “market driven economy”. That is the sort of economy that Bermuda lives in and has lived in for more than 4 centuries.

By: Unbelievable

Unbelievable — Thu, 26 Jun 2025 02:31:23 +0000

I’m sorry but what can any of these people at this summit do to reduce the high cost of living? I mean, what? Bermuda has been complaining about the cost of living since the year zero and it’s never reversed. There is absolutely NOTHING that any politician or CEO can do to alleviate the situation. Rents and home prices are not going down. IB will always get what it wants. This was a wasted exercise and demonstrates yet again that the PLP promised prosperity and their voters and supporters fell for it. Yet again.

By: Nothing can come out of it

Nothing can come out of it — Wed, 25 Jun 2025 20:52:06 +0000

Not one word about the cost of cars fOlks buy at $45,000 up. Or cost of air travel, carnival outfits. Just food. Add all of the cost incurred To say a watermelon and you will see why they cost more here . Add security guards, theft,parking attendants, ChrOstmas parties etc And more. ALL GET ADDED IN.

By: Ringmaster

Ringmaster — Wed, 25 Jun 2025 19:38:51 +0000

“In February 2025, when this Government was given its mandate, the Ministry of Home Affairs was tasked with challenging the status quo.

The “mandate” was from approx 33% of the voting population or 25% of the total population. Hardly a mandate, more like a tired capitulation.

“Challenging the status quo”. The PLP is the status quo and has been since 1998. Clearly the PLP have failed miserably.

By: Hey

Hey — Wed, 25 Jun 2025 19:27:35 +0000

Stop using sarcasm it does not work in comments

By: trufth

trufth — Wed, 25 Jun 2025 18:41:24 +0000

Spot-On!
Theatrics like this are no more than “Idiot Placating” and stalling for time.
And sadly, most idiots fall for it.

By: no clue

no clue — Wed, 25 Jun 2025 17:01:45 +0000

There is a lot of easy fixes that can be implemented. But the lack of regulations that are in place impede on the cost of living drastically. There are what i call stupid taxes like the sugar tax. This affects the vast majority of imported items due to there is sugar in over 80% imported foods. the health tax that government implemented to get there hands into the insurance pool which skyrocketed the peoples deductibles and cost for healthcare. no regulation on rents. its a bidding war for most apartments here. they’re stopping the average family from being able to get a reasonable place. It gets down to who has the fatter wallet. Without better regulations and smart decisions by the current government thing will only get worse. There is tons of ways to make things better for all us locals but it takes change from up top. I have little faith anything will improve until something drastically happens in this island for change.

By: Joe Bloggs

Joe Bloggs — Wed, 25 Jun 2025 15:53:50 +0000

I am reminding people what our Premier and Minister of Finance and our Minister of Economy have said consistently for the past 5 years.

How is that trolling?

By: Cynical

Cynical — Wed, 25 Jun 2025 15:20:30 +0000

You must be kidding.

By: Cynical

Cynical — Wed, 25 Jun 2025 15:19:59 +0000

More talk and no action. Yes, let’s gather ’round, enjoy some food-go home and pretend we actually made a difference while people are still struggling. Brilliant.

By: Gerald

Gerald — Wed, 25 Jun 2025 14:18:36 +0000

Lets just see how much nothing comes out of this hot air ballon ride!!lol

By: Gerald

Gerald — Wed, 25 Jun 2025 14:16:27 +0000

Joe speak for yourself or are you trolling?? Lol

By: Question

Question — Wed, 25 Jun 2025 13:57:40 +0000

Yes, and they are government statistics, so we know they must be completely accurate and reliable.

By: Joe Bloggs

Joe Bloggs — Wed, 25 Jun 2025 13:20:11 +0000

Thankfully, our reported retail inflation rate has consistently been lower than that reported by the U.S., the U.K. and Canada for the past years, so we are not suffering as much as people in those countries are.