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About Tuberider

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    HPC Regular
  1. If he has a good sized deposit and is confident he can let it out, then i'd say it's about as safe an investment as any other these days. As other posters have said, even if he ends up subsidizing it with a couple of grand a year, it's still better than paying it into a pension which he may never see, or piling it up as savings which can be seized or inflated away. I know it's a cliche but there really is nothing safer than property IMO, unless you are highly leveraged. and even then, you might still get away with it.
  2. Sounds idylic. Enjoy the heatwave. I'm sweating like a dog today.
  3. AHK is state owned. They generate electricity from crude right now, expensive. Having own source of natural gas will slash costs dramatically.
  4. What do you do here by the way ? Are you also in energy / shipping ?
  5. The gas should be available for domestic consumption by 2018. This means our electricity cost will halve. A huge advantage to consumers and businesses on the island. I know the negative climate is all-pervading right now, but the gas is there. It exists. It is extractable. We have major players involved like TOATL/ KOGAS/ENI. Israel and Lebanon have expressed strong interest in exporting their reserves via our (future) liquefaction terminal. It is real. it is happening. Turks have always been there. If we worried about the Turks every time we farted, we'd never get out of bed.
  6. Much as I would like a concise, clear and well-thought out plan to emerge from our political class for Cyprus to leave the Euro, I don't think it is going to happen with this government. The political costs are far more terryfying than the economic ones, and they will not risk it. The government will hold on, until the gas starts to flow in 2018. 600 billion is a lot of money.
  7. 50,000 posts all as relevant and interesting as the one above are you a bot
  8. Never seen prices like that here, so i'm with Copydude on this one. Of course, tourist traps do exist in Cyprus, and people get ripped off from time to time as they might in any holiday resort. But it's not the norm. Pint of good local beer is what, 1.50 to 3 euros depending on where you are MT, next time your mate is over here tell him about the following: Aristos and Kiki - Cineplex road near the beach lights. Incredibly good kebabs, full of locals. 4 people eat til you bust around 45 euros total Tsolias - underworld meze joint, tucked away in town behind Makarios ave. great food, just
  9. Four months on, and we seem to be holding up better than I imagined Unemployment is climbing but the massive exodus of businesses has not materialized (yet) The gas is going well, too. Noble are conducting their appraisal drill and in 3 months we will know how much gas is in the aphrodite field. Israelis seem interested in exporting their gas via Cyprus too... ...and the kebab joints are still full. i was in Aristos and Kiki's the other night and had to wait for a table for half an hour
  10. I agree, but that's the way they want it. The system might not be broken, it was made that way. The econonmy of New Orleans is booming and has been since Katrina. It's what keeps the wheels of the capitalist system turning. Boom, bust, build, tear down, consume, detox. Destruction leads to a very rough road but it also breeds creation...
  11. I know what you are getting at, but the American insistence of building homes out of balsa wood is absolutely insane. I live in an earthquake zone and I could not imagine building such a house and living with that risk every day that it could collapse on top of my family. Things in america may be changing though. I was in NOLA shortly after Katrina, and the devestation was unbelievable. Huge areas devestated, especially in the SE of the city, with areas like St Claude/ lower 9th ward completely destroyed. I was there again last month and I noticed some big new developments downtown near the
  12. Building a house now in Cyprus, and yeah by law you have to construct a reinforced concrete skeleton. it's expensive, and more or less doubles up the cost of the build. Total build cost comes in between 950 - 1200 Euros per square metre. Not sure how that compares with USA/ UK
  13. Wednesday 15 May 2013 17.31 BST US budget deficit's fall should make European 'austerians' think again Budget shortfall predicted to drop to 4%, from 10% in 2009, vindicating Obama's policy of US growing its way out of debt Phillip Inman, Economics correspondent If only the "austerians" had listened. According to the latest forecasts, the US budget deficit will shrink to 4% of GDP this year. The slide from 2009's 10.1% budget shortfall is one in the eye for the Tea party and any other advocate of "contractionary expansion". Worse for the fans of austerity, forecasts published by the US
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