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Pan Crastus
Anti-Metagaming League
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Posted - 2008.10.09 06:27:00 -
[1]
Is anyone considering the purchase of real estate in Iceland (as an investment) right now, since the ISK is dropping rapidly and the country is most likely not going to be abandoned? ;-)
How to PVP: 1. buy ISK with GTCs, 2. fit cloak, learn aggro mechanics, 3. buy second account for metagaming
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Pan Crastus
Anti-Metagaming League
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Posted - 2008.10.09 06:27:00 -
[2]
Is anyone considering the purchase of real estate in Iceland (as an investment) right now, since the ISK is dropping rapidly and the country is most likely not going to be abandoned? ;-)
How to PVP: 1. buy ISK with GTCs, 2. fit cloak, learn aggro mechanics, 3. buy second account for metagaming
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John Oldman
Native Freshfood
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Posted - 2008.10.09 06:42:00 -
[3]
Any guesses when EVE-Online ISK is worth more than Icelandic Krona?;)
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John Oldman
Native Freshfood
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Posted - 2008.10.09 06:42:00 -
[4]
Any guesses when EVE-Online ISK is worth more than Icelandic Krona?;)
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Cmdr Sy
Appetite 4 Destruction The Firm.
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Posted - 2008.10.09 06:59:00 -
[5]
I wouldn't bother, one of the next steps in the playbook is expropriation.
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armas
Gallente Dark Centuri Inc.
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Posted - 2008.10.09 10:34:00 -
[6]
Buy the lot
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Avaan Eclipse
Gallente
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Posted - 2008.10.09 11:56:00 -
[7]
Originally by: The Daily Squib The internet auction will not include Iceland's greatest export, Bjork but will include lots of volcanoes, glaciers, penguins and some people with some very interesting names like Sigur=ur Brei=fj÷r= (pronounced similar to the sound of coughing up phlegm).
Penguins, eh? Iceland must've moved far south since I was there in the beginning of summer
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P'uck
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Posted - 2008.10.09 12:02:00 -
[8]
No penguins on the north pole? No, really, I don't know...
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jason hill
Caldari Clan Shadow Wolf Sylph Alliance
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Posted - 2008.10.09 12:25:00 -
[9]
i just had a thought ... seeings how iceland is pretty much bankrupt why dont we all just wander over there and just reposes thir houses
destroy everything you touch |
Mss anderson
Caldari M3 Logistics
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Posted - 2008.10.09 13:21:00 -
[10]
be sure to watch out for our house guards... i hear polar bears can be quite uhmmm deadly Recruitment Officer of Academy of Torrinos
Recruitment Linky |
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Cmdr Sy
Appetite 4 Destruction The Firm.
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Posted - 2008.10.09 18:46:00 -
[11]
Originally by: jason hill i just had a thought ... seeings how iceland is pretty much bankrupt why dont we all just wander over there and just reposes thir houses
Because they will repossess them back.
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Patch86
Di-Tron Heavy Industries Atlas Alliance
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Posted - 2008.10.09 19:08:00 -
[12]
Buying low and selling high only works if you expect it to go high again any time soon. You may be waiting quite a long while if you're waiting for Iceland to recover from this mess... ------
Originally by: Micheal Dietrich You can even get a midget with a camera to sit on the floorboard.
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Glarion Garnier
Federal Defence Union
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Posted - 2008.10.09 19:14:00 -
[13]
Actually buying Land at Iceland that has Geothermal potential Sound nice to me. Venus Project anyone.
So there's your investment idea. _________________________________ -be vary of the men behind the curtain-
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Ghoest
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Posted - 2008.10.09 19:29:00 -
[14]
The goverment might just nationalize your land.
If you think corp is different than a guild or clan you have some insecurity issues.
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Cmdr Sy
Appetite 4 Destruction The Firm.
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Posted - 2008.10.09 19:56:00 -
[15]
That's what I am saying. Vulture funds do this sort of thing for a living and it is so risky that hedge funds look conservative.
1. Country collapses. 2. Foreign speculators snap up land, debt, mineral rights, any assets at firesale prices. 3. Hold assets pending resale for profit. 4. Hardship caused by (1) forces change of government. 5. Expropriation, repudiation. 6. Foreign speculators lose their shirt.
The trick is to insert step 4.5, where you ride on the coat-tails of a sovereign actor who funds the rise of a government friendly to its, and hopefully coincidentally your, interests.
In this case, not likely. The politics of this favours repudiation of international obligations and an economic reset funded by the EU. If you try it, and you can probably buy property there with a reserve currency right now, you will lose. Probably before the ink is dry on the contract.
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Avalira
Caldari Tau Ceti Green Card Free Trade Zone.
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Posted - 2008.10.09 20:20:00 -
[16]
Quick, CCP, buy your own country!
------------- Selling the following:
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Eran Laude
Gallente The Aduro Protocol
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Posted - 2008.10.09 20:41:00 -
[17]
UK needs to invade Iceland.
To arms lads! All ur ice arrrr belong to us!
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EspionageX
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Posted - 2008.10.09 23:38:00 -
[18]
Originally by: Avalira Quick, CCP, buy your own country!
This |
Cmdr Sy
Appetite 4 Destruction The Firm.
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Posted - 2008.10.09 23:42:00 -
[19]
Originally by: EspionageX
Originally by: Avalira Quick, CCP, buy your own country!
This
Want to take a guess what the capital gains tax treatment will be like? |
Herschel Yamamoto
Bloodmoney Incorporated
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Posted - 2008.10.09 23:57:00 -
[20]
Originally by: Avalira Quick, CCP, buy your own country!
The scary thing is, New Eden has almost as many accounts as Iceland has people, and far more characters.
Originally by: Cmdr Sy Want to take a guess what the capital gains tax treatment will be like?
No. No, I do not. ------------------ Herschel's Lottery #1 - Win a Kronos! |
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