The Law of "Supply and Demand" - Greek version

[CharlesSwallow]

I have just discovered this evening in Corfu, the Greek interpretation of the above law:-

"If the supply of customers diminishes, then increase your demands of the ones you have left"

Chas

 

[duncan99210]

Ah, lack of customers, therefore increase prices to preserve income, not decrease prices to increase customers. Happens most years about this time, so I'm told.....

 

[Blue5]

Ah, lack of customers, therefore increase prices to preserve income, not decrease prices to increase customers. Happens most years about this time, so I'm told.....

That seems to be the same business model they use in Portugal, doesn't seem to make much sense to me. I suggested that if they reduced prices and filled the marina that would also benefit local trades and services in the area but was politely told that was not their concern and any shortfall in income would be met by an increase in rates next year................

 

[bedouin]

the same on Cyprus with houses, if your house wont sell double the price - makes it more desirable . yea right! so we have lots of unsold expensive houses on Cyprus some have never been lived in but have quadrupled in price a a year or two. There are special reasons why this is so in Cyprus, its structural and too hard to explain on a Sunday morning.

Shades of Enron I think. Arbitrary revaluation of assets

 

[Chris_Robb]

the same on Cyprus with houses, if your house wont sell double the price - makes it more desirable . yea right! so we have lots of unsold expensive houses on Cyprus some have never been lived in but have quadrupled in price a a year or two. There are special reasons why this is so in Cyprus, its structural and too hard to explain on a Sunday morning.

Like no title deeds, multiple mortgages on the same land, sufficient in size as a scandal to bring down the banks without the Cyprus debt issue....

 

[maxi77]

That seems to be the same business model they use in Portugal, doesn't seem to make much sense to me. I suggested that if they reduced prices and filled the marina that would also benefit local trades and services in the area but was politely told that was not their concern and any shortfall in income would be met by an increase in rates next year................

Mind you most commercial enterprises work in the normal manner here. Prices even in the peak season were no higher than last year despite rises in VAT and other taxes. A new chinese shop opened near here last week and the other one in the area had special offers on for the first week. With an Iceland due to open next week even the big Portuguese supermarkets are cutting prices in anticipation, and the expat shops are in a blue funk. No most in Portugal are very aware they are living in a very price sensitive time, the happy times are over for now.

 

[Mad Pad]

C Swallow specifically what?Not another price rise on Alpha in the shack?
C Scott will not be amused if that's the case.

 

[sigmasailor]

I have just discovered this evening in Corfu, the Greek interpretation of the above law:-

"If the supply of customers diminishes, then increase your demands of the ones you have left"

Chas

That is precisely why we have stopped visiting Greece (half a dozen years ago).
Did you claim your piece: http://claimgreece.com/. Looking at the map the Dutch beat the rest of the world.

 

[jimbaerselman]

That is precisely why we have stopped visiting Greece (half a dozen years ago).

Errm, on the European coastlines of the Med, which country has the lowest cost of living? Or cruising, for that matter.

 

[emandvee44]

Law of Supply & Demand

I guess we are lucky here in Portugal!
There are many local restaurants offering a two course 'prato de dia' for 3.5 euros, no change in price for at least 3 years.
On Friday, in a good quality restaurant, we had olives, soup, main course (choice of fish or meat) , bread, jug of wine (each), coffee - 5.50 euros each.

Greeks take note!

Cheers,

Michael.

 

[Mr Cassandra]

Well I can manage quite comfortably on 10 euro a day as long as I stay out of the tavernas, very rarely have to pay port fees. Pork 5-6 euro a kilo, beef 6-7.Chicken about the same, vegetable cost nealy nothing in the farmers market.
3 litres bottles of Fine Chilean wine 3.5 euro in the Kriticos super market. I have a three burner hob with oven below and a Gas and charcoal barbecue on the stern. Why eat out ?
The important part of this message is dont buy beer at 3 euro a bottle and KEEP OUT OF THE TAVERNAS.


Greece still is a fantastic place to live

 

[jimbaerselman]

Eating in Greek tavernas almost every night, in "holiday" mode with visitors aboard, we spend €50 a day for two - and drink a bit too much beer ashore.

Our more frugal meals ashore haven't changed in price over four or five years; €10 a head. What's happened is that the prices have gone up, but the portions are bigger, so now the two of us share one starter, one main course, and half a kilo of wine. And wine quality has improved no end over the last decade!

 

[ccscott49]

C Swallow specifically what?Not another price rise on Alpha in the shack?
C Scott will not be amused if that's the case.

Nah, the shack is holding steady, as far as I know!! I'm offshore Holland working!

 

[Mad Pad]

CScott missed you in Monte this year,are you back in the UK at all?

 

[ccscott49]

CScott missed you in Monte this year,are you back in the UK at all?

Will be back in UK 18th of this month or thereabouts, you can contact Belinda, she is there now, on her greek mobile.

 

[Mad Pad]

Will do

 

[dslittle]

...so now the two of us share one starter, one main course, and half a kilo of wine. And wine quality has improved no end over the last decade!

I understand sharing the starter and main but half a kilo between two? Never mind the quality give us a kilo of white to start and a kilo of red with the main... (never ever complained about the quality though)

 

[charles_reed]

Errm, on the European coastlines of the Med, which country has the lowest cost of living? Or cruising, for that matter.

I think, Jim, that Mr Swallow, though a visitor, likes to slag off his hosts and wears special grey-tinted specs.
I too agree that Greece is far cheaper to cruise and to live in than the UK and.if anything have seen Greek prices come down of late.
However I did see, in Kos, the only €17 moussaka I've ever beheld - so I suspect that in places like Corfu, with an ample idjit passing tourist population his thesis might have some basis in fact.

 

[jimbaerselman]

I understand sharing the starter and main but half a kilo between two? Never mind the quality give us a kilo of white to start and a kilo of red with the main

Ah, but I start with a half kilo of draft Amstel in the cafe first, catching up with emails and watching the world go by.

Any more and my brains scramble, inhibitions disappear, I start jiving to the 60's jazz from the kebab house opposite, and my crew disappears muttering "silly old fool". Next day is hell.

Old age you see . . . can't process the stuff any more, so I've decided to become a connoiseur rather than a consumer, searching for fine Greek wines.

 

[CharlesSwallow]

I think, Jim, that Mr Swallow, though a visitor, likes to slag off his hosts and wears special grey-tinted specs.
I too agree that Greece is far cheaper to cruise and to live in than the UK and.if anything have seen Greek prices come down of late.
However I did see, in Kos, the only €17 moussaka I've ever beheld - so I suspect that in places like Corfu, with an ample idjit passing tourist population his thesis might have some basis in fact.

You have a very round-about, insulting and overly verbose way of agreeing with a bloke. It was actually a greek who first alerted me to this trend.

Oh yes, I almost forgot: I'm their CUSTOMER, they are not my "hosts". Some here have regrettably "gone native".

Chas