TR Economy & Updates

[Xenon54]

People are coming to Türkiye

Yes, economic and war refugees, hardly a argument for relocation to Turkey.

 

[Kedikesenfare]

In direct comparison yes but a japanese also earns 10 times the salary of an average Turk hence why i wrote ''based on local salaries''.


Regarding housing thats because you usually dont buy a second hand home, in Japan you build new which is naturally more expensive than a second hand.
Besides, tell me how an average earning Turk can afford real estate these days, the prices exploded in the last decade.

Individual family situations dont prove your point either, maybe the man has a better job in Turkey than the woman in japan so they ofcourse have a better life in Turkey.
Maybe they accumulated a lot Yen that is like a fortune in Turkey nowso they can relax with the exchange rate...

Sorry but I'm not gonna waste my time to convince you when I have friends who live there. On top of that, my sister is just back from Japan.

Housing is more expensive, food is more expensive, medication is more expensive, eating out in a restaurant is more expensive but it's true, an iPhone is cheaper in Japan than Turkey.

On the plus side, home appliances are more affordable in TR than JP. To give you an example; my sister paid frigging 20 TRY for one (!) apple.

If I were a blue collar worker, I'd choose Turkey over Japan in a heartbeat.

By the way, the average Japanese worker is probably laughing out loud reading your posting about housing costs implying that the Japanese renting market is cheap.

However, you're free to believe whatever you want.

 

[Xenon54]

Sorry but I'm not gonna waste my time to convince you when I have friends who live there. On top of that, my sister is just back from Japan.

Housing is more expensive, food is more expensive, medication is more expensive, eating out in a restaurant is more expensive but it's true, an iPhone is cheaper in Japan than Turkey.

On the plus side, home appliances are more affordable in TR than JP. To give you an example; my sister paid frigging 20 TRY for one (!) apple.

If I were a blue collar worker, I'd choose Turkey over Japan in a heartbeat.

By the way, the average Japanese worker is probably laughing out loud reading your posting about housing costs implying that the Japanese renting market is cheap.

However, you're free to believe whatever you want.

I never said these are cheap or cheaper than in Turkey, nor did i imply anything you just have to read carefully, these are more expensive but people earn a lot more in Japan what is so hard to understand here?

I took the same source for a fair comparison, just multiply Turkish salaries by 12.

Besides i have been in Japan too, i know what food costs in restaurants.
I took Turkey, Switzerland and Japan as exsample because the PPP figures of Turkey are very odd compared to what i experienced in these countries.
How can 50l gasoline or 4kg meat cost 10% of average salary? You cross a bridge only once and 5% of your monthly income is gone. I pay 40 chf for a year for the whole motorway network in Switzerland, all bridges and tunnels are free, thats 0.5% of my monthly salary and i pay it only once a year.

-How much of his salary can vast majority of Turkish population set a side?
-How many holidays can Turks affod in a year? Not even talking about going abroad but inside Turkey.

Huge part of the ''wealth'' of Turks is due to cheap credits, everything is being bought with credits, even credit card debts get paid by another credit card.
Shenanigans like this are is only possible in Turkey, stop telling fairy tales to people here, some might even believe it.

So yeah i dont need your convincing and dont continue to claim life is cheaper in Turkey because it is not.
I would also appreciate if you didnt waste our booth times.

 

[Rodeo]

You don't need to argue much about living standards and costs. There's an excellent website that compares almost every items with their prices respectively. It's called Numbeo. For instance, i compared living in Tokyo and Istanbul. Check it out. You can change the cities to your liking.

Cost of Living Comparison Between Tokyo, Japan And Istanbul, Turkey

www.numbeo.com

 

[Xenon54]

You don't need to argue much about living standards and costs. There's excellent website that compares almost every items with their prices comparatively. It's called Numbeo. For instance, i compared living in Tokyo and Istanbul. Check it out. You can change the cities to your liking.

Cost of Living Comparison Between Tokyo, Japan And Istanbul, Turkey

www.numbeo.com

The problem with these comparisons is it does not take into account the salary differences.
Groceries are 50% cheaper in Istanbul but you earn 4x the salary in Tokyo.
In the end someone in Tokyo can still afford double the groceries even if its 50% more expensive.

Thats the point many people dont seem to get.

 

[Rodeo]

The problem with these comparisons is it does not take into account the salary differences.
Groceries are 50% cheaper in Istanbul but you earn 4x the salary in Tokyo.
In the end someone in Tokyo can still afford double the groceries even if its 50% more expensive.

Thats the point many people dont seem to get.

It does compare the salaries too. It's at the bottom of the page.

 

[Xenon54]

It does compare the salaries too. It's at the bottom of the page.

Yeah, saw it now.

Bottom line is cost of living in Istanbul is 50% cheaper but peole in Tokyo earn 5x the salary, i was even generous by saying 4x.
Well, i know where i would rather be a blue collar worker.

 

[B_A]

Yes, economic and war refugees, hardly an argument for relocation to Turkey.

The economic and war refugees who paid 250k or 400k to buy homes or bond?

 

[Zafer]

IMF 2022 4th quarter estimates of PPP GDP of select countries. In 2023 estimate Türkiye hits 41k. PPP shows how people are faring.

 

[GoatsMilk]

Now my class, despite being by far the most productive and positive in terms of its impact on society, is undervalued. My peers migrate out the country, a lot of them are either underpaid, overworked or both. Or simply unemployed. In the old days, my kind (class) of people could raise a decent family of about 3-4 kids, afford a couple of houses and a car with one income. Nowadays, it is damn near IMPOSSIBLE for a new graduate to achieve this standard of living in a few years. And Turkey's economy didn't get smaller, so someone's been taking our share, basically.

In england I've noticed that many skilled Turks are looking to leave the country, do we have any idea as to the extent of this brain drain?

 

[Xenon54]

The economic and war refugees who paid 250k or 400k to buy homes or bond?

Oh yeah those exist too, the rich elites of corrupt countries who bought Turkish citizenship with that money...

 

[Nilgiri]

Oh yeah those exist too, the rich elites of corrupt countries who bought Turkish citizenship with that money...

I know some Afghans here in Canada, their extended family did exactly that. They are the rich (politically connected) elite that bought Turk residency and citizenship.

 

[B_A]

In england I've noticed that many skilled Turks are looking to leave the country, do we have any idea as to the extent of this brain drain?

These 5-6 year is a very bad time not a normal case

 

[Chocopie]

Doesn‘t Koç own Beko? Very competitive and well-known brand, they could grow it further to a global household name. Koç family reminds me of Korean chaebol owners.

 

[Isbara]

Doesn‘t Koç own Beko? Very competitive and well-known brand, they could grow it further to a global household name. Koç family reminds me of Korean chaebol owners.

Yes they do. They also own OTOKAR who developed Altay tank with Rotem. Also OTOSAN belongs to them too , develops and produces all engines of the Ford Trucks.

 

[what]

Doesn‘t Koç own Beko? Very competitive and well-known brand, they could grow it further to a global household name. Koç family reminds me of Korean chaebol owners.

Sabanci and Koc used to be very much the Chaebols of Turkey, but the current government is supporting and building their own chaebols.
But thats a bit offtopic for this topic. But feel free to ask me somewhere else if you're interested.

 

[Bmx98]

Doesn‘t Koç own Beko? Very competitive and well-known brand, they could grow it further to a global household name. Koç family reminds me of Korean chaebol owners.

Unless Beko improves on their quality it's not happening, because the quality of the Beko home appliances does not have a good reputation right now.

 

[Yasar_TR]

Unless Beko improves on their quality it's not happening, because the quality of the Beko home appliances does not have a good reputation right now.

I am afraid Brits will not agree with you on that. BEKO is a well established brand in the UK for it’s :
1. Best under-counter fridges and freezers
2. Best value for money white good products
3. Best after sales service

 

[GoatsMilk]

I am afraid Brits will not agree with you on that. BEKO is a well established brand in the UK for it’s :
1. Best under-counter fridges and freezers
2. Best value for money white good products
3. Best after sales service

 

[Chocopie]

Sabanci and Koc used to be very much the Chaebols of Turkey, but the current government is supporting and building their own chaebols.
But thats a bit offtopic for this topic. But feel free to ask me somewhere else if you're interested.

Very interested in Turkish conglomerates and owner dynasties.

Afaik Sabanci and Koç Holdings stem from traditional entrepreneurs families who grew into their modern forms in the 60s and expanded successfully into diverse branches of economy.

State-funded Korean chaebols like Posco and Korea Telecom were later privatized, or subsidiaries of failed Daewoo Group were taken over by state-owned funds and banks in the aftermath of the Asian Financial Crisis. How and why is the Turkish government building its own „chaebols“?