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Expat_in_Norway

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About Expat_in_Norway

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    HPC Newbie

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    Norway
  1. Norway, on the West Coast. I paid 2.8 million NOK for a 91 sq. m. apartment with 2 bedrooms. About 4 times salary. So that's about £265k now, £320k at the time - the krone has tanked against the pound. The most interesting point about Norway is that you can deduct debt interest from your gross income before tax is calculated.
  2. Oslo no longer world's most expensive city I saw this article while browsing the news in Norway. http://www.thelocal.no/20140128/oslo-usurped-by-london-to
  3. http://www.independent.co.uk/news/world/americas/chris-reynolds-briefly-becomes-worlds-richest-person-after-paypal-credits-him-with-92-quadrillion-8716484.html Chris Reynolds became one thousand times wealthier than the total combined GDP of the whole planet
  4. Where would you be based? Costs are different on the coast, than say in Oslo. I've lived in Norway for 3 years now. Some things have been brilliant - I live somewhere where I can snowboard in May and go to the beach on the same weekend. I'm much healthier and less stressed. Career-wise it's been more my thing than the UK - people are direct, have low tolerance for bulls**t, and true expertise / engineering is valued. I'm able to save well in Norway rather than just 'get by'. Downsides are unimaginative food, and how difficult it can be to get 'accepted' by the locals. But that depends also on your personality and lifestyle preferences. I would suggest making the choice based partly on an understanding of what matters most to you in life. Happy to answer any questions!
  5. Mostly because without "growth" the debt burden increases rather than diminishes. Loss of growth simply exposes the fundamental flaw in the entire system (that the debt can never be repaid).
  6. Zero. In Norway we only have electricity, not gas. I didn't vote because you didn't provide the option of 'none'.
  7. I'm in Norway and all my cash savings (non-gold) are in NOK in a regional (locally owned) bank. I definitely feel a lot safer than in I would in £sterling. But I was interested to read that Norway has absolutely zero gold reserves (http://www.norges-bank.no/en/faq/gold/), and I'm wondering if they'll regret that decision one day. Their sovereign wealth fund has worked out like a dream so far, but what if they've simply swapped their oil of bits of paper?
  8. Wouldn't that make for a nice summer? Buy some get some free in Autumn
  9. Perhaps I'm simply uninformed in finance-speak, but what's a "future"? If it's a 'projection' then it sounds to me to be just a guess. Which begins to sound like a 'financial instrument' (a term which makes me instantly recoil and want to run around the room shouting 'bullsh*t monkeys!') and not gold at all. Have I spent too long following this site and become overly cynical? The gold price itself just correct back a few days of minor increases - no major plunge in real gold, at least yet. If real gold goes down, I'm happy because I can buy more for less. If it goes up, I'm happy because what I have already is more valuable.
  10. Just in the name of "balanced reporting" UK public sector borrowing falls back in May* http://www.bbc.co.uk/news/business-13855098 *excluding the cost of bank bail-outs and other interventions
  11. Cool - I'm from Edinburgh (though I was in the Midlands before I came here). Love living in Scotland too, will maybe move back one day, but I want to see how things go in the UK first. I like it here at the moment. Actually I came over with work already, so was quite lucky (a big UK company in the aerospace and marine industry). After a year I transitioned to a Norwegian contract ("going local"). I'm working more and more with software now rather than just electronics. Salaries are about double, as are costs. I'm taxed at 32%, VAT is 25%. Cars and beer are the biggest difference (a beer is £7-10, a car is at least 3 times the UK price). But on balance, I feel I have a more comfortable life here.
  12. Like me, now set up in Norway (I'm 27). With my engineering background in electronics, it was relatively easy to get an indefinite residence permit. Time will tell if I've hedged my bets right that this will be a good place to see through the significant changes coming. So far I feel safer outside Britain, and safer outside the EU. My standard of living is much better than it was working in the Midlands, and I like the tolerant society where people respect each other more. People here seem to appreciate that hyping cheap gimmicks doesn't progress society.
  13. Seth Godin has a lot of interesting ideas (check his videos on TED.com for example), but he recently posted a couple of blog entries that might be appreciated on this forum: How to buy a house The coming melt down in higher education
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