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We are a Turkish based startup. Only good thing is that we can be competitive in terms of pricing our product https://www.resmo.com/ https://www.resmo.com/ Rea

by CSDude 4y ago

We are a Turkish based startup. Only good thing is that we can be competitive in terms of pricing our product https://www.resmo.com/ https://www.resmo.com/ Reality is that, everything become so expensive that I lost sense of prices for any goods, whether its food, electronics or utility.

sgt 4y ago
How much would e.g. an iPhone 14 be in percentage terms of typical middle class income in Turkey? Just to give us an idea of typical electronics that we often take for granted.
- CSDude 4y ago
  Cheapest iPhone 14 (not pro) is 30999 TL. Minimum wage is 5500 TL in Turkey. %48 of workforce in Turkey earns Minimum wage. A junior software engineer mostly earns between 10-30k TL. A teacher earns around 8-9K. But there is too much variation, inequality so numbers may be way off.
  - sgt 4y ago
    If it's 30999 TL there seems to be additional tax added by Turkey. I think that phone is supposed to be cheaper, like maybe half of that. How does this happen - import taxes on foreign goods?
    - piva00 4y ago
      Very likely, Brazil has the same issue. An iPhone 14 is R$ 7599, basically double the US$ 799 price tag.
- rasz 4y ago
  Phones and cars are bad conversion examples. They are illegal to import and you wont be able to register either.
  - CSDude 4y ago
    They are not definitely illegal to import. There are just fees you have to pay.
JusticeJuice 4y ago
I'm sorry man. I recently visited turkey as a foreigner, and was shocked how far my overseas dollars went. I spoked to a Turkish taxi driver in the US, who reminisced 2007 where the lira was almost at the USD. Now you can get a full meal for $2.50 USD. I spent a night at a 5 star hotel in Istanbul, for the same price as a capsule hotel in Tel Aviv. A lot of foreigners will think 'oh boy cheap holiday' seeing this news, but really it should make their stomachs turn. The common people suffer over such a frustratingly avoidable problem.

by CSDude 4y ago

sgt 4y ago

How much would e.g. an iPhone 14 be in percentage terms of typical middle class income in Turkey? Just to give us an idea of typical electronics that we often take for granted.

CSDude 4y ago
Cheapest iPhone 14 (not pro) is 30999 TL. Minimum wage is 5500 TL in Turkey. %48 of workforce in Turkey earns Minimum wage. A junior software engineer mostly earns between 10-30k TL. A teacher earns around 8-9K. But there is too much variation, inequality so numbers may be way off.
- sgt 4y ago
  If it's 30999 TL there seems to be additional tax added by Turkey. I think that phone is supposed to be cheaper, like maybe half of that. How does this happen - import taxes on foreign goods?
  - piva00 4y ago
    Very likely, Brazil has the same issue. An iPhone 14 is R$ 7599, basically double the US$ 799 price tag.
rasz 4y ago
Phones and cars are bad conversion examples. They are illegal to import and you wont be able to register either.
- CSDude 4y ago
  They are not definitely illegal to import. There are just fees you have to pay.

JusticeJuice 4y ago

I'm sorry man. I recently visited turkey as a foreigner, and was shocked how far my overseas dollars went. I spoked to a Turkish taxi driver in the US, who reminisced 2007 where the lira was almost at the USD. Now you can get a full meal for $2.50 USD. I spent a night at a 5 star hotel in Istanbul, for the same price as a capsule hotel in Tel Aviv. A lot of foreigners will think 'oh boy cheap holiday' seeing this news, but really it should make their stomachs turn. The common people suffer over such a frustratingly avoidable problem.