BubbaWoo
10 Apr 2007
Real Estate / Poland top overseas property hotspot [29]
i am fortunate enough to work with an organisation that allows me to mentor the UK's next generation of business people, many of them potential entrepreneurs... Dragon Den type scenario if that means anything to you...
if one of them presented me with such an analogy my first question would be... where are the ethics...? once the importance of ethical trading had been established i might then suggest a closer look at brand management... when punters discover the promised gold they have spent their life savings investing in doesnt exist then your name will be mud... your brand useless... a waste, no point, a futile activity... this is very much an example of what i experience here in poland... little understanding of the broarder picture...
for most, buying a property is a substantial investment, perhaps the largest of life. as with any substantial investment i would suggest doing the required home work prior to spending the money...
polocy boją się kredytow... fear... because they dont understand how to make it work for them yet... most of them just see it as a ticket to something they otherwise wouldnt have, without realising it comes at a price, and with responsibility...
if you do your home work, and get your sums right, then there is nothing to fear from a 30-40 year mortgage... in fact... wait a minute... if somebody is gonna lend me huge amounts of money at a reasonable rate of interest and not ask for it back for 30-40 years then thats actually quite a nice deal... thank you very much... and if i can juggle my finances so that i only invest a fraction of my costs myself... and get somebody else to pay off my loan... then yes... i am giggling my arse off all the way to the bank... and why ever not...? :)
i am fortunate enough to work with an organisation that allows me to mentor the UK's next generation of business people, many of them potential entrepreneurs... Dragon Den type scenario if that means anything to you...
You tell the media the land in your area has plenty of gold and you have found gold worth millions and there are still billions to be found. Of course, you don't tell them you did a detailed research and only scraps of gold could still be found. But you have the proof the gold used to be there so people start buying off your land in the hopes they will find millions.
if one of them presented me with such an analogy my first question would be... where are the ethics...? once the importance of ethical trading had been established i might then suggest a closer look at brand management... when punters discover the promised gold they have spent their life savings investing in doesnt exist then your name will be mud... your brand useless... a waste, no point, a futile activity... this is very much an example of what i experience here in poland... little understanding of the broarder picture...
I would especially warn Poles who don't have money and think about taking a 30-40 year mortgage from buying a "property that as potential".
for most, buying a property is a substantial investment, perhaps the largest of life. as with any substantial investment i would suggest doing the required home work prior to spending the money...
polocy boją się kredytow... fear... because they dont understand how to make it work for them yet... most of them just see it as a ticket to something they otherwise wouldnt have, without realising it comes at a price, and with responsibility...
if you do your home work, and get your sums right, then there is nothing to fear from a 30-40 year mortgage... in fact... wait a minute... if somebody is gonna lend me huge amounts of money at a reasonable rate of interest and not ask for it back for 30-40 years then thats actually quite a nice deal... thank you very much... and if i can juggle my finances so that i only invest a fraction of my costs myself... and get somebody else to pay off my loan... then yes... i am giggling my arse off all the way to the bank... and why ever not...? :)