Ctg Bound has left 728 comments
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Ctg Bound comments on 1984, We offer apartments for rent in Cartagena de Indias. Our apartments are located in the neighbourhoods of Laguito, Bocagrande and in the Old Historic City: http://www.colombiarental.net/
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Ctg Bound comments on Will the Fed really raise interest? (Causing the Dollar to be stronger against the COP) BillBigD, Got a link?
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Ctg Bound comments on Will the Fed really raise interest? (Causing the Dollar to be stronger against the COP) BillBigD, Headline line inflation 11% last month. Where not in the US?
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Ctg Bound comments on Peso Hits 16 looking for 14 maybe faster than we think... Colombia's industrial output up 9.82 pct in April BOGOTA, June 17 (Reuters) - Colombian industrial production rose 9.82 percent in April compared with April 2007, driven by chemical products, clothing, food goods and plastics, the government said on Tuesday. Output for the first four months of the year grew 3.49 percent compared with January-to-April a year earlier. Colombia's economy grew 7.52 percent last year as better security attracted foreign investment and bolstered domestic consumption. The government expects the economy to grew 5 percent this year. LINK: http://www.reuters.com/article/economicNews/idUSN1743560620080617
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Ctg Bound comments on Renting an apartment in Cartagena We offer apartments for rent in Cartagena de Indias. Our apartments are located in the neighbourhoods of Laguito, Bocagrande and in the Old Historic City: http://www.colombiarental.net/
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Ctg Bound comments on Use of American Dollars in Colombia? Quick! ice, The only places I have heard accepting US dollars is rental apartments.
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Ctg Bound comments on Interesting Twist: Colombians To Produce First Ethanol In US Plants(La)from Sugar Cane lpdiver, I think its the first ethanol from sugar cain in the US, at least according to the article.
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Ctg Bound comments on I Invested in Colombia....Now, how can I get my money out? A good accountant should be able to advice on the taxs to be paid in sending the money out of Colombia by OFFICIAL channels. The easiest way is to sell the asset to a person who can deposit the money outside Colombia. You will be surprised at the amount of people who can do that, I have turned several people down who wish to buy assets I have for sale as they want to pay the money outside Colombia, where as I want the money here. You can also take up to 10,000 dollars cash out with you each trip, so depositing the money in a bank account and taking it out over time is another option. There are other options as well.
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Ctg Bound comments on Peso Hits 16 looking for 14 maybe faster than we think... gringoloid, I REALLY pay attention to monthly figures, there were aprox 10% less working days in March this year due to Easter, as Easter fell in April in 2007. Which would account for the fall, better off with 3 monthly or even better 6 monthly figures. As to the trade balance, I was pointing out the growth in value of commodities in the figures.
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Ctg Bound comments on Peso Hits 16 looking for 14 maybe faster than we think... tigredelnorte2, The opposite is true, otherwise the Countries with ever weakening currencies would be the best, the fact is the reverse is true, better to have a strong currency with good productivity, otherwise companies are not forced to get their act together if the currency is forever weakening and generally solely rely on the weakening currency to export their goods.
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Ctg Bound comments on Interesting Twist: Colombians To Produce First Ethanol In US Plants(La)from Sugar Cane tigredelnorte2, There isn't much produced from sugar cain in Colombia itself, just around Cali, Colombia has plans and is building approx 22 ethanol plants over the next few years, but they are mostly connected to palm oil.
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Ctg Bound comments on Colombia Bank Discussed Need to Bolster Reputation gimmedub, There is less credit in Colombia than developed markets, but rasing interest rate will still help, Colombia was growing to quickly over the last couple of years. I expect the US problems will have done Colombia good by taking a percentage point or two of the yearly Colombian growth, slowing the economy down to a more sustainable rate, which will then help to keep inflation in check. Your import tax in incorrect, it varies depending on the product and origin of product, most import taxs are around 20%, but if the product comes from the Andean free trade zone, most products are at zero import tax. Also IVA is 16% on most products, but that doesn't matter as its cancelled against what you sell, so other than reducing cash flow, has no overall bearing on purchasing the product.
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Ctg Bound comments on Boycott San Pedro ! capt.lou, It happens everywhere, it is no Colombia specific, I NEVER pay with a credit card at restaurants or shops IN ANY COUNTRY, always cash.
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Ctg Bound comments on Peso Hits 16 looking for 14 maybe faster than we think... panthdave, Its gone up to quick thats all, but thats normal, it really goes as politicians or exporters would like. When the peso started its present slide in 2002 when it was around 2000 pesos to the dollar many of the exporters should not have solely relied on selling overseas purely based on a weakening peso, but such is life.
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Ctg Bound comments on Peso Hits 16 looking for 14 maybe faster than we think... The Peso was way over sold in 2002-4, so there was going to be a pull back, when the economy started to improve that added to peso strength. With commodties prices rising and more money coming into Colombia, mostly investing in commodity areas, there is only one way for the Peso to go overall for the last few years and now. Looking at other Countries, with large commodity exports you will see the same think happening, as long as the Country is not run by idots, like Ven for example. I posted out Marchs trade suprplus recently: http://poorbuthappy.com/colombia/post/colombia-march-trade-surplus-rises-to-299m-vs-215m/ The above is purely down to the rise in commodity exports, wether the peso will keep rising as rapidly as it has been I can't see it, although I don't see any seriouse Peso weakness presently. We shall have to wait and see.
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Ctg Bound comments on Help with places to stay in the Cartagena area timothyrt, There are many rental apts available for tourists as well: Our apartments are located in the neighbourhoods of Laguito, Bocagrande and in the Old Historic City: http://www.colombiarental.net/
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Ctg Bound comments on Hotels in Cartagena livkid, There are many rental apts available for tourists as well: Our apartments are located in the neighbourhoods of Laguito, Bocagrande and in the Old Historic City: http://www.colombiarental.net/
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Ctg Bound comments on Visa Renewal...some bad info...and lesson learned! You can extend any visa at DAS as far as I aware, just have to give them a good reason, normally that reason is paperwork being prossed and you are waiting for it.
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Ctg Bound comments on Scanning for an appartment in Cartagena deckstrouz, We offer apartments for rent in Cartagena de Indias. Our apartments are located in the neighbourhoods of Laguito, Bocagrande and in the Old Historic City: http://www.colombiarental.net/ The apts are just meant for tourists, not people staying longer term, but may be a base to start from, to look for something longer term.
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Ctg Bound comments on Surely this cannot be correct? Medellin Traveler, A tenancy aggrement of any type, the Colombian law will then get them out of the apt quite quickly (no real differance in speed to the UK for example), if they are not paying the rent, or at the end of the tenancy period they refuse to leave. Obviously you have other not so nice options available in Colombia or anywhere else if you feel that way inclined.
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Ctg Bound comments on Surely this cannot be correct? Mr. Hollywood, Some Countries set a minimum to stop certain tax avoidences etc.
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Ctg Bound comments on Surely this cannot be correct? Mr. Hollywood, There is a minimum rent in many Countries, though I don't think there is a minimum figure in Colombia.
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Ctg Bound comments on Going to Cartagena... have no Visa... intend to work... deckstrouz, As ColombiaBoard, Ctg is a small place, ALSO more importantly your client base is going to be even smaller because here are not many middle class people in Ctg, which is one of the poorest Cities in Colombia. For teaching and starting from scratch with no clients, you are better off heading for Bogota or Medellin.
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Ctg Bound comments on Surely this cannot be correct? miamimike, They have similiar laws in the UK, I think its 20 years though.
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Ctg Bound comments on Gun registration expiration grace period? dwr, Sorrry no, but go to the local office and they will tell you.
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Ctg Bound comments on Lodging in Cartagena We offer apartments for rent in Cartagena de Indias. Our apartments are located in the neighbourhoods of Laguito, Bocagrande and in the Old Historic City: http://www.colombiarental.net/
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Ctg Bound comments on Gun registration expiration grace period? dwr, The fines vary from City to City, by a lot, I was late renewing my license once, one Cities fine was 10 times the amount of another City, so I registered it in the second City, which was a fine of about 125,000 pesos at the time.
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Ctg Bound comments on Taxi from Cartagena airport to El Centro - Costs? If you haven't a lot of bags, I would just walk to the road outside the airport 150 yards away, they will charge 5-6K. In the airport they will probably want double that.
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Ctg Bound comments on Ouch - Dollar at 1,756 Today - Bounce back in a few months ? mranderson, I don't see why not and in businesses I am involved in they produce equal to better than China.
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Ctg Bound comments on Ouch - Dollar at 1,756 Today - Bounce back in a few months ? miamimike, Colombia imports are growing rapidly from China, but they are presently a small number compared with overall imports each month. As to 9 in 10 items being made in China, not in my view from what I see. Colombia is NOT the US, the labour costs in Colombia are still more expensive than China, but not by much and Chinese labour costs will pass Colombia in a while, taking into consideration that the goods have to travel half away around the world, plus import tax of say 15-20% on most things, Colombia can produce many things cheaper than China.
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Ctg Bound comments on Gas conversion on trucks and cars.. Frank Rizzo, You should also ask around regarding interest free loans from the local government. Some will pay for the conversations, depending on what you are converting and give you two years to pay off the money, with no interest charged.
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Ctg Bound comments on Ouch - Dollar at 1,756 Today - Bounce back in a few months ? miamimike, "If what you say is true, how does that account for the massive and growing daily Trade Imbalance/Defecit with China??" The US doesn't sell arms to China, I was talking about PlanColombia.
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Ctg Bound comments on Ouch - Dollar at 1,756 Today - Bounce back in a few months ? miamimike, Most of the money never leaves the US, it goes to buying arms, paying for training from US companies, etc. Also the US is not doing this because it likes giving money away, they do it for political reasons. Not that Colombia should complain, they should get as much as they can from the US and to a greatly lesser extent the Europeans.
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Ctg Bound comments on Ouch - Dollar at 1,756 Today - Bounce back in a few months ? tomtom33, In the future without a doubt, when I have no idea, I don't see anything presently. I was down near your new place this morning, looking at a couple of shops, I didn't have my Cel to call you, maybe next time.
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Ctg Bound comments on Ouch - Dollar at 1,756 Today - Bounce back in a few months ? miamimike, http://finance.yahoo.com/currency/convert?from=USD&to=CNY&amt=1&t=5y I don't think it will create havoc in the Colombian, as the labour, land cost inflation are going up several times faster than Colombia, I am talking 25% inflation in the labour manufacturing costs last year. China has good productivity compared with Colombia, but that won't cover the inflationary costs there. I buy goods in China in US Dollars, plus I visit China or my partners do and read a lot with things going on there, because of one of my businesses. Many of the early exports made in China is already moving into the interior or other Countries, like footwear, others will follow. As to the Chinese exports, over half the exports China does are not from Chinese firms, but developed Countries companies who have opened factories there.
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Ctg Bound comments on Ouch - Dollar at 1,756 Today - Bounce back in a few months ? miamimike, I have never heard the Chinese say that they have UN-Frozen their currency? Their idea is for the Yuan to gradually gain strength against the dollar while more internal market reforms take place that allows the Yuan to become more free-floating, it has appreciated about 17% since they instated this policy 2.5 years ago.
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Ctg Bound comments on Apartments for rent in Cartagena tomtom33, Is this the same mutual friend who just sold his restaurant?
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Ctg Bound comments on Colombian Peso Fixed Deposits - Why bother? gringoloid, Obviously you read my post, before I decided to delete a couple of paragraphs. A Bodega as Alma del Norte says is an industrial unit/s, can be used as warehouse, factory etc, it could be on one floor or several floors, normally not higher than three, due to the local regulations.
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Ctg Bound comments on Colombian Peso Fixed Deposits - Why bother? tomtom33 /gringoloid, I don't rent properties to Colombians anymore in Medellin, I did via a rental agent for a few years, no problems for me, but there wasn't much money in it, those properties have been sold now, as they appreciated and the rental yield became even less and I could see better things to invest in. The rental agents ask for a hell of a lot of paperwork as people complain about on this site have mentioned, which is quite good for the landlord, I only rented good properties in Estrata 5-6 neighbourhoods, so was only renting to proffesionals. Actually I suspected GIB would have similar views on the US and Euro now, but the differance is that I have been saying the opposite regarding both for 4 years, until now.
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Ctg Bound comments on Colombian Peso Fixed Deposits - Why bother? Frank Rizzo, Mortgages in Colombia are expensive, although they have come down a lot over the last 6 years, so there are more people buying with a mortgage now than before, but still most deals are cash or asset swaps, or a combination of both. As you say "There are many families that have had money in the past and can no longer afford the area." plus people with land which wasn't worth much before, but as Cities expand or certain areas become attractive, their land has gone up in value. Cash goes a long way and you will get a discount off most BUT not all the people, generally I find the discount is 20-40%. It does take leg work as you say though and have feelers out with a number of people. What is a super gangas?
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Ctg Bound comments on ANSWER ABOUT REQUIREMENTS TO OPEN A BANK ACCOUNT WITH ONLY A PASSPORT OR CONTRASEÑA lawyer CO, PBH members should thank you for taking the time, thanks.
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Ctg Bound comments on Colombian Peso Fixed Deposits - Why bother? gringoloid, Yes, I agree, not very well written, WAS closer to 8% but has increased to 12% or something like that, is what I thought, but didn't convey correctly. I understand EXACTLY what I am looking at regards the PCE price index for inflation, as stated there are more than one index, again you are trying to avoid the truth with misleading information, claiming I don't know what I am looking at. As to not understanding the answer, I probably would, I have ripped your MIS information apart, but you hide behind arrogant MBA talk, says it all. Funny that I am not predicting anything, just look what I said regarding property above in three areas, none of those area are going down at the moment. YET you say you have posted predictions here, I state what are they, if the are here already there should be no problem stating them, looks like you have no predictions here then. I now believe the Euro is to high against the dollar on fundamentals, I will start switching my fund into dollars shortly, when I deem its right, hopefully th first switch at around 1.60 or so. This will be the third time I have taken a postion on the Euro/dollar since it was created, the first two times have turned out fine, lets hope the next does. Last time GIB was ridiculing me regards my dollar postion, I stated below my postion in June 2006, there wil be other like minded posts on other threads: http://poorbuthappy.com/colombia/post/peso-at-2609-to-the-dollar/ Ctg Bound says on Tuesday June 27th, 2006 14:24: edit Don Gringo Its your money, but I have not recommened to anyone to put money into US dollars since 2002. The dollar is going to fall out of bed sooner or later, the only thing I am unsure on is how big the fall will be. Up to 2002 the Euro was trading as low as 0.86 to the dollar, if the currency markets just counted on the growth of Euro economy compared to the growth in the US economy, why is the Dollar now trading at about 1.25 to the Euro. Ctg Bound says on Wednesday June 28th, 2006 13:06: edit Lost my shirt hardly, I moved my dollars to Euros in early 2002 for an exchange rate of approx 0.88 Euros to the dollar, maybe I make less interest, but I made 42% gain on the currency at the present rate, I expect a great deal more, when the dollars falls further.
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Ctg Bound comments on Colombian Peso Fixed Deposits - Why bother? Frank Rizzo, I am or have been in a good dozen differant areas in Colombia with regards land and property, I feel the same as you, most areas are not going to go down in value for now at least, in fact I feel the opposite is the case. BUT there are some areas that I don't like that much, you said one, Ctg, El Poblado in Medellin is another, Sabaneta South of Medellin is a third, I was involved in those three markets, still have a few assets there to sell, but the majority have gone now.
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