MV Caroline
Member
- Joined
- Mar 10, 2020
- Messages
- 24
- Location
- USA
- Vessel Name
- Caroline
- Vessel Make
- Custom built Skookum trawler
She's a beauty! How about a spec page?
A beautiful ship. Just hide it from Erdogan. Was she built from the ground up, I mean new hull and everything else? Did you have to import any accessories or main components? Just curious.
Dirk
So happy to see the Dashew FPB design lives on !! Cheers.
Congratulations, Christine, on the launch of your new baby. Oh, the places you'll go!
Best wishes,
Milt & Judy Baker
Formerly @Bluewater Books & Charts
Formerly @River Reach
How has the fall in the Turkish Lira impacted your build process? Was the build priced in Lira or dollars? Just wondering, not trying to be nosy.
Are people worried about a banking/economic collapse in Turkey after the recent fall in the Lira and rising inflation?
I’m just wondering how the currency fluctuation is impacting foreigners we living and doing business in Turkey. I’ve traveled to Turkey and have some US friends living there, and would like to go back some day.
The Turkish Lira has been in flux longer than we have been here, so almost everything having to do with boats is priced in either USD or Euros. We did our contract in dollars. But even if you go into chandleries or marinas, nothing will be listed in TL.
We are somewhat insulated from news here. Because in spite of any best efforts, I still can't understand much Turkish, we don't watch local TV news or read newspapers. There are some English language online news sites and I am in several Ex-pat Facebook groups, so I get the gist of what's going on.
From my view, Turkey is an amazingly inexpensive place to live. We have been in a 3-bedroom apartment on the 9th floor, fully-furnished with a view of a sliver of the Med. When we arrived in 2017, the lira was at 3.6 to the dollar and we paid 1200TL per month for rent - or about $333. Today our rent has risen to 2800TL and with the lira at 7.9 that's about $354. I think the dollar has fallen in value as well. At any rate, our cost of living here has remained roughly the same - and much less than we would be paying in the US. High-speed Internet at the apartment is $20/month
But for the workers who are building our boat, the inflation has hit them hard along with the impacts of Covid on business in general. Most wages get adjusted to inflation, but not right away. We still see upper class Turks spending freely. The malls are crowded with folks shopping, and the Starbucks never has an empty table outside. But many restaurants did not survive the lockdowns and there are more people on the roadside trying to sell stuff to have money for food.
We love Turkey, but we do wish for a better economy for them. I think it will get worse before it gets better. Next year is the centennial of the founding of modern Turkey and a presidential election. Should be interesting.