The Bull Case.

August 8th, 2008 by De Onion

After my recent posts of relative skepticism about the Bermuda real estate market I think it’s worth outlining the bull case for Bermuda real estate. It can be located right here: Royal Gazette Employment Classifieds.

As long as the government continues to allow population growth then Bermuda’s economy will continue to grow largely independent of the rest of the world, and despite poor government (really terrible government could still cause a local recession/depression). However this population growth fuels the decline in standards of living as more of us are packed into condos/human filing cabinets, and spend more of our lives sitting in traffic. This population growth also shields government from responsibility and side effects of having a government producing large numbers of (mostly black, mostly male) people who are only employed because we are building as fast as we can to provide housing for the growing population, so as long as the government continues to keep the demand side for housing growing by allowing net immigration, and as long as they continue to artificially constrain the supply side through incompetent management of urban planning and building control, then we should see prices remain firm.

Of course, we are building a social house of cards by leaving the lower income Bermudians chronically under-housed, and by keeping prices and rents high are transferring wealth from the young and poor to older (mostly white) home owners.

Anyone who claims the PLP is the party of “social justice” is clueless.

Scandal list draft

December 12th, 2007 by De Onion

Recently there have been a number of people in letters to the editor and on blogs saying that the current government can “run on their record”… their web page of their accomplishments is here.

I asked the posters on the Bermudasucks.com forum (yes, I deeply dislike the name and always will) for some help in creating a government scandal list for the past few years… Here’s what they came up with:

BHC – The big kahuna.
Premier sues the media to keep them quiet.
Limo Importation – Law changed to allow government insider to start a Limo business.
Hummer H3 commercial vehicle
Cedarbrige Mould
Education Statistics
Firing of Hotel Chef
Work Permit of Curtis Mcleod (construction boss v. George Scott)
Southlands Tunnel
Southlands planning approval
Hospital location
Discrimination against non-Bermudian spouses
Equality act
Col. Burch “House ****” comment
Long-line fishing
Berkley over-budget
“we had to deceive you”
Robert Jensen
RC’s profane e-mail
Mount Saint Monica (dump fire)
Calling squatters “criminals”
Faith Based Tourism
Tracking Chips for Vehicles
Emission Testing.. Buildings
Emission Testing… Contract
“settlement” with Pro-Active Construction
Club Med 1
Club Med 2
Club Med 3
Rebecca Middleton handling
Indigent Clinic and firing of Doctor for writing a letter to the press.
Kurron
Stem Cell Clinic
Cedar Beams
SDO’s
Removal of Stuart Hayward and Bermuda’s #1 Eco Farmer from the round table.
Voting from the bathroom (applies to both parties’ MPs). (Gay Rights Issue)
Independence (most notably the BIC report)
After closing the Clinic, the Brown one, signed up as an “approved Dr” then refused to take any patients.
Forcing GPS upon the taxis
Brown’s Relationship with Tina Poitevien , Mark Lay and MDL Investments.
Free Bus & Ferry Transportation (that never was!)
The $11 million spent on cricket
The amount spent on football
The police contracts never being settled
No cruise ships for Hamilton
Building a pier over an historic wreck
The “deal” they cut with the US government re the cost of cleaning up the Baselands [$11 mill towards the bridge when the estimated cleanup costs were $65 mill]
The apparent about face re moving the Southlands project to Morgans Point (and the bill that will stick the taxpayer with)
Pay to Pray
Pay to Play
US Passport
$ 1 million per month spent on PLP travel junkets abroad.
$25,000 to $30,000 to fly entertainers to Bermuda on a private jet for Brown’s love fest
$1 million to set up Govt TV channel
Abdallah Ahad
Racist dog attack on Gibbons
non-Charity (THE)
Alex Scott’s email to Tony Brannon
$82,000 spent on security for Brown’s private residence.
$1,500,000+ for renovations at Clifton, and then overcharging for rent so it remains unoccupied.
“Political eunuch”
China tourist office
Plantation questions
Refusing to answer cost questions
Donation to a US congressman even though EB shouldn’t be an American anymore.
Gay cruise saga
Reducing funding for the Salvation Army.
Firing developers who were ready to go on Club Med.
Health Minister’s notes on need to obfuscate “embarrassing” report.
Bermuda Cement
BHC 2.0

Readers – please help me remove the inaccurate ones and add any others – I have done some of this on my own.

If I had more time I’d like to go through and add up the cost of these various mistakes to the taxpayer – it would probably run into the thousands of dollars per person in Bermuda.

What you have to believe…

December 6th, 2007 by De Onion

…to see things from the government’s point of view…

…unethical but not illegal is ok…
…the banks will call mortgages of people who speak out against the UBP… BMA be damned!
…the UBP are all white or controlled by whites…
…the BHC leakers were white UBP supporters…
…tourism is in great shape…
…government is being efficiently run…
…the BHC allegations were properly and fully investigated…
…all responsible for the 8 million write-down have been appropriately punished…
…Dame Louis Brown Evans thought Ewart Brown was a good guy…
…the Premier needs heavy personal protection (but celebrities and billionaires only need a nanny or a Labrador)…
…hiding the truth at taxpayer expense is good for the voting public…
…the best way to destroy racism is to hate white people…
…libel suits are not enough to protect the innocent…
…housing price increases are the product of good affordable housing policy…
…the best way to prevent over-development is to build more…
…helping working Bermudians means importing labour from the third world…
…Bermudians are capable of doing jobs requiring 30 years experience after only 6 years…
…that we should reserve Bermuda for Bermudians married to Bermudians, unless it’s related to a hotel development…
…it’s the tennant’s fault when they move out…

What else?