Why Is Bermuda so Expensive?
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- Äas pĆidĂĄn 25. 08. 2018
- $17 for a burrito bowl in Hamilton! Why is Bermuda so gosh darn expensive? I'm no expert, but here's my theory as I travel around Hamilton, the capital city of Bermuda, for the day.
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Date: 2018-08-25
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Thank you Tony! Now I know how to get around. If I return I'll be sure to enjoy it just as well. Have a great day!
Thanks đ you too!
Hey Tony, I like your content, but, I must correct you / help you with the facts regarding your "suggestion" that the high cost is due to the Exempt Companies that are there. Bermuda is expensive because we have everything shipped/ flown in. Add in that we are a one stop destination for the boats and planes, and you get a higher cost there. One more thing, although there is no tax added to your purchase (s) at the register, the taxes from customs that is charged to the importer is added to the retailers purchasing price and so on. Keep up the work man. Peace
Well, your name suggests that you aren't Bermudian. But at least you kow more than this guy making vids over things he doesn't know about.
MessengerOfTruth I am Bermudian actually
@@akirihomwalimu5159 Bermuda is BRITISH.
No offense, but your name is very much NOT "British"
I used to say when I lived there, too many foreigners were in the island, AND having babies. Too many. That does not make someone "Bermudian". Again, no offense intended.
My wife and I are both Bermudian born, with Bermudian parents and grandparents. Does that make our SON "Bermudian" who was born and raised in America? How?
Still, no offense intended. But I say the same thing about America. WHO is an American!? Everyone is an IMMIGRANT or a DESCENDANT OF AN IMMIGRANT! So, *who* and *what* is an "American?" I don't think it applies to any group or race of people.
I KNOW what an "Indian" is.
I KNOW what a "Chinese" is.
I KNOW what an "African" is.
I KNOW what a "Bermudian" is.
⊠but what the heck is an "American"!!??
⊠and Bermuda is becoming the same thing! We saw that before I even left. used to be talked about a lot. Last I visited, all I saw in 'town' were white Canadian faces ⊠even at Admiralty House! Whole ton of white foriengers - Canadians. Sickened me, especially after the Canadian disrespect after Rebekka Middleton (which was her own stupid fault!). Now the silly Island flies Canandian flags everywhere. It's sickening!
Same thing with Indians in the island (except, they are not disrespectful people).
Even the police force is loaded with males from other islands
BOB selling its soul and heritage to HSBC. Where are the crests on the walls now? In the garbage!
I knew the Island was doomed in the late 90s and early 2000s. People who still LIVE there, and have never really left, you know it, but its sooo 'slow' you don't FEEL it. But people like me who leave, and are gone for many, many years, when we return, its a SUDDEN change cause its nothing like what we left. WE feel it more than you do. WE see it more. And we do NOT like what we see.
@@DonCornelius366 gas c.hamber you want?!!
That's only partially accurate. Rents, for example, are so high largely as a result of the number of well-paid expatriates who work for exempted companies (not "Exempt [sic] Companies").
Impressive, entertaining and very well done! I enjoyed this.
Really appreciate it đ
It's like a beautiful little sunny Scotland. Bermuda is such an awesome place.
It sure is!
Hi Tony, great videos. I worked in Bermuda between 1984-1988 and it was just as expensive then. On the plus side my income was 5 times more than in the UK, plus it was a lot hotter. Paradise does not come cheap. All the best Andrew.
Yeah there's definitely a premium when it comes to paradise . Thanks for the feedback and for sharing Andrew!
badassdahn itâs nice
Bermuda is expensive because they're a small island and they import most of all foods and goods. The government bans franchises, as they want to give Bermudans a chance at business development ex. carpet installers ( can only be local Bermudans ) additionally real estate and property taxes are expensive along with groceries. Bermuda does not have rental cars as well , scooters, only cars for hire , buses, cabs and at some of the grocery stores there are "gypsy cabs" that may give you a ride to your villa for a small fee.
Yes this is so true. I got my scooter rental from Oleander which was reasonably priced all things considered
You can now rent little two seater electric cars.
As others have said, basically we import everything. There's high customs duties added on everything imported so when you include those fees, plus the markup so that the stores can actually make a profit, you're often like close to the double the price of what you'd pay for in the states. Still don't understand why food in restaurants is crazy expensive but I guess what I mentioned before still applies.
100% agree with you
@@TonyFlorida I own a BMW X5 in florida (2009 is when I built and purchased it). It was about $65 K. To ship to Bermuda is about a 100% markup (probably higher nowadays). So, to get this car to Bermuda, I would have spent roughly $130K.
Last I was there, I saw a base model BMW 3 series (I think it was a 3) for about $68K. That car is not even worth 40K! But the customs markup. That's what it is. Bermudians need to get back to farming and growing its own food. If a major war breaks out and IMPORTED FOOD cannot arrive, they are going to be done for! All it takes is a major war, or a REAL epidemic and folk in Bermuda will literally starve.
It USED TO BE we had all kinds of foods growing in our yards - red peppers, sugarcane, lemon grass, banana trees, cherry trees, sugar apples, peach trees, orange trees, ⊠My wife family grows pineapples, lettuce and some other things, but they are senior citicens. This new generation coming up ⊠will be devastated if war (or a REAL pandemic) were to break out and they can't feed themselves and cant go outside and pick food.
The Island has SOLD ITS CULTURE (and its soul) out. It's nothing like the place I grew up in. Nothing.
@@DonCornelius366 that's such a shame to hear how Bermuda is changing for the worse đ
Appreciate you sharing this information
@@TonyFlorida ⊠the whole world seems to be changing for the worst. ESPECIALLY developed nations and nations with strong economies. I'ts all about $$$ than it is about culture and history.
I noticed it when they started to remove the CANONS from everywhere. That's history. That's culture. Landmarks. It went downhill from there in many other areas.
all cities import everything.
Thanks for sharing your thoughts on why Hamilton, Bermuda is so expensive and beautiful!
My pleasure!
Idk if anyone else has commented this, but in Bermuda people beep as a way to acknowledge friends and family. So theyâre not angry. đ However they will be if you donât beep back.
đ much different than the USA
YES--that's was what I was going to comment! đ
I've visited Bermuda several and just adore the island and the friendly locals and I must say they have beautiful beaches I have some dear friends who live in Southampton parish I usually stay with them they're a lovely family they have visited me in the UK a few times and now we're like family I hope to visit Bermuda sometime soon I'm missing paradiseđ€©
I totally agree!
Wow that brought back some memories I grew up in Bermuda in the 80s and very early 90s I remember school trips to the old US base to get McD's but I don't remember it being open to the public once a week because we would have to order a week or so in advance as to get on the base and go there you needed to pass security but I certainly remember the fantastic air shows they would put on there. One in particular sticks in my mind because as a boy I was talking to some of the pilots and they told us the following day they were shipping out, heading off to the Gulf War. Also at one time there were two KFCs I think but only one survived, besides who needed McD's when we had Burger Island, I wonder if it is still there :) Thanks for the memories.
Awesome to hear this from someone who experienced this first hand. Thanks!
Did you attend roger b chaffee high school? I remember the locals coming to my donalds
Hi
Is there work
Iam spesk just arabic
I know this video is old but since you lived there, I was wondering if you can tell what the whether is like in Bermuda during the month of February? I'm planning to go there next year (2022) during this time but have read that the whether is not that great at this time. Can you shed some insight on that ?
Oh I only lived there for about a month. My friend lived there for 5 years. Google says Bermuda sees an average high of 69 in Feb www.google.com/search?q=february+weather+bermuda
I'm curious about what's the thick white substances of the many houses there. They look like rubber tops painted white.
A lot of the houses collect the rain water that falls on their roof. I believe that has something to do with it
my favorite island
Oh please Bermuda (Iâm born/ live here) is the best
Bermuda is great :)
So many memories, I lived and worked there for six years.
Are you still living the island life today?
â@@TonyFlorida You might say that, I'm in The U.K. now, Scotland, I last lived on another island, Grand Cayman in 2014 but have lived in South Africa and Australia in addition to my six years in Bermuda.
Iâm still living here. Your video adds a nice perspective of how the island looks from the outside.
I made a video on one of our holidays. Feel free to check it out if youâd like. czcams.com/video/a_FdIxZflT4/video.html
@@RM-lj8bv dope..I'm from SA...where'd you stay here?
Uber is having a bank account in Bermuda and also in term of prices I would to compare Bermuda with Switzerland, Sweden, Denmark, Norway, France and other European countries.
Yes, quite expensive for sure
@@TonyFlorida More expensive than in Europe like Sweden, Denmark, Norway, France and other countries of Europe wich ones I'm trying to compare with Bermuda.
This mall located in between red street and Church Street frontof bus station other old entrance front of Bermuda arcade. From, k. Singh India
Yes that's right
I would have thought prices are more expensive than the US is because of the importing, same as Hawaii.
Seems like some things are more expensive and others are on par with the US
2:35 I don't know that place. Dont think it existed when I lived there. If its the Mall across the street from City Hall, then its been renovated. When I was young, it was never than bright or open. Certainly did't have a "food court." Bermudians used to EAT HOME. Home cooked meals. Doublt anyone can find the good food I was raised on, with LOCAL owners and LOCAL dishes.
Yeah it's my understanding that Bermuda changed a lot over the years
Thereâs plenty of restaurants that have local dishes. And in the West end there are places owned by Bermudians. But yh, the mall was updated in like 2013 I wanna say. One of my favorite restaurants is located there. Also, there are local pop-up shops in the store as well. Local clothing brands and self-care products.
@@alyssadyer4096 I've heard Black Horse Tavern was sold. Angel and her husnabd and mother used to run it. They have the BEST {local} fruit punch and lobster.
Where are the mussel pies? They used to be everywhere when I was in highschool in the 80s.
Where are the fish pies? Same thing. They used to be everywhere. I used to sneak off school premises (Warwick Secondary, now called "Spice" something) just to walk over to a spot across from PCC to get a Fish or mussel pie. It doesn't even exist anymore.
Even on my way home, there was a spot on top of Berkely Hill that sold local dishes. That doen'st exist anymore either.
I heard Art Mels is closed. I cna't really call FISH or COLESLAW or MAC N CHEESE a "local" dish, but they were certainly locally owned.
Oh sure, I've had "locally NAMED" dishes, but they don't taste like how LOCALS used to make them. I've even had my wife and I (when she came to visit) go around, back when I was there, and I'd inquire about certain foods on the menu and I was told that it was IMPORTED! Imported!? A darn Chocolate sufflee' is IMPORTED!? I"ts a darn DESERT!
Start asking questions.
WHO is the chef and ARE they Bemudian born and desended?
WHERE does this food come from?
IS is bottled, or is it made from scratch (ie: the frut punch at black horse tavern)
Start asking the questions. Then you'll start to understand why LOCALS are so ⊠agitated with what's going on in the island.
But sadly, too many Bermudians were sleeping. There are those of us who SAW what was coming, and rather than live in it, we left.
After Rebecca Middleton was killed, that foolish girls parents refused to admit that they FAILED as parents. That girl should have never gotten on a bike between two strangers to begin with! But those Canadians tried to run Bermuda into the ground with rumors and complaint. ANd the stupid Government catered to them, not the Island is saturated with Canadian flags and "snowbirds"! Better I left ⊠then burn every Canadian flag I saw!
When HSBC took over Bank of "Bermuda', I protested. I knew the culture would be effected. Sure enough, it was. The Parish crests all came down because Bermuda Heritage is NOT valued by HSBC. I'd rather leave then be under such stupid leadership.
Those ASIANS will own the land. Such ridiculously high mortages. How can you ever retire or own it?! Divorce certainly is not an option (who is going to fight FOR a house they could never pay off alone!?). And when you "locals" can't pay off the mortages, who do you think will OWN the land? Asians. Y"all have not been paying attention to what is going on in the world, and what Japanese and Chinese peole are doing, even in Africa and other Islands. But I saw it. I complained. But like most of MY 'kind', we were told to, basically, "stop stressing". Now look at Bermuda. Deep in crap. Future is more at risk then ever.
And that 'pride parade' stuff? smh Would have never happened in the 80s, 90s, or early 2000s. Never. But, its there now aint it? Premier is more about bringing $$$ to Bermuda than getting locals qualified and working. Guess I should have seen that coming since John Stubbs trying to fight for rights of his gay son back in 1991.
And the police. Good grief! What is the % of Bermudians to "other islanders" on the force!? Last I was there, I was pulled over by a car with 4 people in it. THREE of them were "trinidadians" (or something), and the SINGULAR local just happened to be the sister of my best friends ex. She happened to know me (probably because I also used to sign) and smoothed out the situation once she found out the name of my friend.
Not every 'locally owned' business is 'local.' Do you think the MUSLIM store is "local" just becaue its owned by Nation of Islamists or Muslims?
What about "Jamaican" grill? Think they are "local" when even their name has "foreign" all over it, and the owners are from another country?
A candy store that managed by a Bermudian, is that "local"? Was the CANDY made IN Bermuda? Does it even carry ANY locally made candy? Then how it is "local"?
⊠just saying.
Does Bermuda use KPH or MPH on the roads there? Surprised they use USD there & not GBP.
Technically they use the Bermudan Dollar which is valued at $1 to $1 with the US Dollar, and has pictures of the Queen on it, but the US dollar is accepted because its worth the same
Road speed is in KPH. Speed limit is 35KPH. The Bermuda dollar is pegged to the USD. So 1 =1.
I guess both are used although Iâve only paid attention to mph. And like the other personâs reply said we also have a Bermudian currency.
Bermuda đ§đČ is beautiful
Yes!
I lived in Bermuda from 1978 to 1993. Haven't been back since. Just curious, where exactly is the mall located? Hoping to go back for a visit again soon and will want to check out the mall as well as other new shops.
Dianne Cava
@Dianne Cava
Tonyâs lunch was from the food court, lower level of The Washington Mall. Looking for an exquisitely curated collection of womenswear and tabletop items for your home? Atelerie is your one stop shop. This chic split-level boutique is located on the Reid Street entrance to The Washington Mall.
You must try Devilâs Isle Cafe when you visit, just around the corner on Burnaby Street. Really good!
Sorta like me. Sorta.
I was born in 74.
Left for college in 94 (finished Dec 98)
Left for grad school in 2000 (finished 2,000 but stayed til late 2003)
Left for good January 2009. Been living in WACK South Florida ever since.
But I know its changed sooooo much. Building in Town (Hamilton) are a lot bigger. Sill Bank of Bermuda gave up to HSBC bank, so you won't see the local crests and things that made Bermuda, "Bermuda." The police force is full of guys from other islands. Bunch of darn Canadians are there now. The cannons in parks were all removed (more culture removed!). Lot of homes dont even have the fruit trees and spices that we used to have. Where are the red peppers, or the sugar apples, or the banana trees, or the cherry trees, or � New homes don't even care!
And what about te LOCAL restaurants owned and operated by LOCALS!? They are the ones with the BEST foods ⊠but I hear its a dying breed. I heard Blackhorse Tavern was sold - they have the BEST local lobster and local fruit punch on the rock!
I don't go back. I suppose folk who stay there, all the changes are so "gradual" its just life to them. But for me, because I'm away so much, when I go back, the changes are SUDDEN ⊠and I don't like what I see, at all.
Stupid politicians. They are puppets. None of them are true leaders. That's perhaps the one thing I hate about Bermuda.
This high cost of stuff in Bermuda or Cayman Islands is a big time scam. Items get shipped from Newyork to be delivered to say LA which are 3000 miles apart but cost doesn't go up. If at all costs should go up by the amount charged for customs duty. But No : Cost is double or triple which is illogical.
Hi Tony, Great video. Come back again. Bermuda is Expensive. There are many factors. I read 1 view point where someone said the Government takes a huge wad from Customs. Well let me explain something to you. My home is valued at $1.7 million and my property taxes are only $2750.00 per year and I pay NO income taxes. In Bermuda, our streets are mostly paved well, our trash is collected. Our Gov't employs quite a bit of people. Point number 2., Everything is imported. There's cost in shipping. The people in shipping need to be able to survive in a country that is small, thriving and growing. C., Rents are high, because mortgages are high. Mortgages are high because property is extremely limited. Like in the US or anywhere else in the world, certain areas carry higher price tags for the same SqF of something in St. George or Somerset. (The outskirts) It's funny to me how some complained about the cost of living while stating they earned 5 times what they would have made back home. I can assure you that person made more than twice their Bermudian contemporary in the same position. But anyway, I digress. Made me SMH. On another note, regarding Fast Foods, the Public voted against having Fast Foods. The Government put it in our hands and the majority of us, me included, decided we did not want to cheapen our product "Bermuda" with FFFF. KFC was Grandfathered in because it's been here for as long as I can remember. And the reason food is expensive is based on everything I've said before, Importation, Salaries, Rent, Electricity & Profit. It's all a factor. We can't bring in mass amount of foods like a small city in the US or Europe which would drive prices down because it would spoil. So we cater to our audience. So Tony, line your pockets, save your money come back and just say "Hey!" Bermuda is Another world, most of us like it. I didn't always, but right now it's my little piece of Heaven.
Hi Dwayne! I really appreciate your first hand perspective. Much more sophisticate and well thought out than my video đ
I had no idea that property taxes were so low and Bermuda AND there's no income tax! I guess it all balances out with a high cost of goods and lodging and salaries like you said.
All that said, I will definitely be back one day! It's a small collection of islands, but much more to explore :)
@@TonyFlorida Oh and I forgot. We're not a part of the Caribbean. We're their neighbour to the North. đ And yes, Please come back. We'd love to have you.
@@dwaynegrobinson4125 thanks for your perspective. I always appreciate learning new things about different islands.
Thank you very much. I will love to know more about your country. Can you please teach me more if this okay with please which social media platforms I can contact you with?
I do remember the Washington mall in Hamilton but that was back in the early 1980's when I lived and worked there at the Castle harbour hotel do remember thing did cost more but then again they don't produce much on the islands
The mall looked NOTHING like that. I'm a "town boy" ⊠and I don't even recognize that place. Plus, it never had a food court, AND it wasn't that open or bright. Not sure when they renovated, but its certainly nothing like what I saw last.
I went to college in 1994. Went to Grad school in 2000. Last I lived in BDA was 2004-2009. I worked at BTC, so I'm certain I passed thorugh the mall in those years. I'm pretty certain it didn't have a food court back then either.
The mall is amazing now, huge food court!
@@precious7423 hey do you live in Bermuda ? Can you help me out with something ?
Jacob Tony Gomes hey yea whatâs up?
@@precious7423 sir, can you give me your email or of you use WhatsApp then I could tell you. I mean if you don't mind.
Bermuda would have upscale shops! It's one if the most expensive real estate in the world.
Yes, exactly!
They do ⊠but they are BRITISH (it is a BRITISH commonwealth after all)
"PANAMA RELOCATION TOURS! WITH JACKIE!đ đđâ€đ"
Do you know if the Cayman Islands has McDonald's?
I've never been there, but apparently yes goo.gl/maps/tipBXk9jaKb7JqSE9
@@TonyFlorida That's not the American McDonald's, it's MacDonald's, with an extra "A".
@@halfmoon106 haha that's tricky
@@TonyFlorida It tricked me too.
16$ for a rice bowl is not over the top expensive
is bermuda more expensive than Switzerland?
Although I've never been to Switzerland, what I'm reading on the internet puts Bermuda more expensive than Switzerland with respect to the cost of living
Yes. And the economy of Bermuda is stronger.
$1.00 BD = $1 USD
$1.04 SW Frnc = $1USD
Last I lived in Bermuda (2004-2009), real estate agents pretty much laughed at me when I asked if any homes were available for UNDER $700,000. I'm overly certain I can find MANY homes in Sw for way under that price.
My Island homeâ€ïž
Love it
@@TonyFlorida - Thank you! Me toođ€
Things are expensive because we are a beautiful island in the middle of the Atlantic and all goods are imported, It is the best place in the world to live!
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Ha well at least one person gets the Reading/Wyomissing comparison lol.
Haha ;)
Could you please say "Hamilton" a few more times ? I;m not quite sure where you're going :)
Hamilton Hamilton Hamilton :)
I'm a Kentucky Fried Chicken! đ Fort Knox Army base, Kentucky 2001 RIP
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Really I m the first one to comment... I think I m gonna subscribe
I got it,
Good!
Bermuda is ritzy, upscale, like a Beverly Hills...that is the lure in a socialist governing system. Now, it is up to the foreigner to determine, when touring, whether this governing system is maintained
I can definitely see the parallel between Bermuda and Beverly Hills
I've never been to California, but there is talk when comparing Bermuda and Beverly Hill. However the visitor to Bermuda must remember that they are in a socialist economy with little capitalism.
Beverly Hills may or may not compare at the political level.
Sorry but we do not have a socialist governing system, Bermuda is a democracy, our style of government is the Westminster system and we are proud to be the OLDEST self Governing nation in the western hemisphere.
shorinryu00 Socialism CANNOT operate without a democracy. Unfortunately most of the Bermuda population are oblivious to the exact governing political system that operates here.
I wonder if they are aware communism will take over the island once Bermuda becomes an independent country.
As long as Britain controls the island, Bermuda is NOT a country.
:awesome:
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NASA Funding?
Haha doubtful
hiii
Hi there
Bermuda is a Trojan horse making it expensive in every conceivable way.
Here is another way to understand; Bermuda is "a captive Insurance market". Once an exempt foreign company establishes itself in Bermuda, the lower tax trade-off "pales" in comparison to everything else when operating a business here.
What most people outside Bermuda do not understand is that a social-democratic governing system is entrenched in Bermuda. There is a trace element for capitalism but that is eroding. On independence, the socialist element withers away and communism takes over. ( Communists are called Portuguese, in the island )
Interesting insight. Do you live in Bermuda?
Tony Florida I am a long term resident but the word "live" is relative. This is due to the environment in Bermuda, making it difficult to live. I am making preparations to leave permanently.
given one of the richest is bermudađč
Yep
Wow. If he needs "google map" ⊠then he's not even remotely acclimated into the culture! Who the heck needs "google map"?? Just find North Shore, South Shore OR Middle Road and ⊠ride West, basically.
The map is for the viewers who are not familiar with the geography of Bermuda
I use google map occasionally if Iâm on north shore or crossing from Southshore to Middle road. And Iâve lived here all 21 years of my life. đ€Ł
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Its not at all expensive............... for the rich !
LOL truth đ
I didn't see anything "upscale" about this island in this video. It actually looks kinda seedy and low brow.I'll take Hawaii any day.
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We actually have one of the lowest crime rates in the world, if you care to visit then maybe you would be able to see for yourself. Regards.