terrencekeenan
18 Dec 2007
News / Weak US dollar in Poland and other countries... [180]
About the dollar - it's an adjustment in the right direction. Deficit is becoming too large a burden to bear. As far as the zloty is concerned, I don't know what direction that might go on, but since it's hinged on the euro, we could expect it to play out likewise.
This is a bit unrelated, but the cost of living between the U.S. and Poland is extremely large for me. We were looking at houses in STL and planned on paying about 720 USD a square meter. Although it was in the city limits, it was a nice neighborhood, and on top of that had a second family to rent for 700 USD a month. Now we come to Poland and are seeing a square meter go for 3-4000 zloty. Kind of puts a financial damper on the potential move.
About the dollar - it's an adjustment in the right direction. Deficit is becoming too large a burden to bear. As far as the zloty is concerned, I don't know what direction that might go on, but since it's hinged on the euro, we could expect it to play out likewise.
This is a bit unrelated, but the cost of living between the U.S. and Poland is extremely large for me. We were looking at houses in STL and planned on paying about 720 USD a square meter. Although it was in the city limits, it was a nice neighborhood, and on top of that had a second family to rent for 700 USD a month. Now we come to Poland and are seeing a square meter go for 3-4000 zloty. Kind of puts a financial damper on the potential move.