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Posts by peterweg  

Joined: 16 Feb 2007 / Male ♂
Last Post: 19 Jun 2020
Threads: Total: 37 / In This Archive: 22
Posts: Total: 2305 / In This Archive: 1651
From: London, Battersea, Krakow.
Speaks Polish?: no
Interests: Motorbikes, Skiing

Displayed posts: 1673 / page 18 of 56
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peterweg   
13 Oct 2012
News / Poland's Economy Is Booming! The EU's Success Story? [711]

Poland: bye bye austerity

Donald Tusk addressed the Polish parliament on Friday morning, promising not blood, sweat and belt-tightening but massive new spending programmes aimed at boosting growth.

While stressing that he did not want to derail progress on reducing the deficit and public debt, Tusk promised that spending on new highways, rail modernisation, power plants, a natural gas terminal and new pipelines would be ramped up starting in 2013. The total spending for the next few years comes to about 220bn zlotys ($70bn), although much of what Tusk detailed has already been committed under previous spending plans.

Stressing growth over fiscal tightening seems to be having very little negative impact on markets. Poland remains one of the fastest growing EU countries, and one of the few where public debt ratios are falling. Earlier this week, yields on Polish five-year bonds hit a record low and the cost of insuring Polish debt fell below that of France, says Jacek Rostowski, the finance minister.

blogs.ft.com/beyond-brics/2012/10/12/poland-bye-bye-austerity/
peterweg   
7 Oct 2012
Real Estate / Poland's apartment prices continue to fall [1844]

Maybe we give a flying

I was born in the UK because my dad was made a stateless refugee by the Russians and allies. I don't give a **** about Irelands stupid squabbles coming from someone who is Polish/English and Irish catholic. I assure you the rest of the world cares even less about your ego.

This may affect your calculations about property prices in Poland.

The constant drumbeat of new jobs and economy growth will stop any crash happening. Still, the fall is and will be significant (25%+) over several years.

The only question is when prices will start rising again. This is entirely dependent of bank lending in Poland and banks are being forced to recapitalise. Couple of years to go in Poland, I'd guess.

BTW, REAS report is due out in a week.

residentialadvisors.eu
peterweg   
7 Oct 2012
News / Qatar Airways opens contact centre in Wroclaw! [27]

haveing vast regional differences in development is not good for anyone in the long term.

Its been like this since the dawn of civilization. People migrate to locations with desirable geographical features, it used to be a river, a natural harbor now its an airport , proximity to a local workforce or a multitude of other things

I really don't know why more companies aren't opening up call centres in Lublin - it has a huge young potential workforce, decent connections to Warsaw

Connections to Warsaw are obviously not important if neither your customers or headquarters are there. Krakow has terrible connections to Warsaw yet its the number one destination for IT companies in Poland and CEE.

Wroclaw has proximity to Germany and Krakow, good motorways, infrastructure and workforce. Plus the weather is a bit better than Lublin - that can have far more influence than you would expect.

Only three areas of Poland are expected to have population growth over the coming decade, Warsaw, Krakow and the Tricity area. Growth areas attract companies, which increase growth, which attract companies etc.

"Qatar Airways opens new WAW-LHR route" would be even better news, but we can only dream.

A link to their Doha hub give Poland a load of potential destinations. Great news.
peterweg   
6 Oct 2012
Real Estate / Poland's apartment prices continue to fall [1844]

Note that "the mainland" in Northern Ireland is ambiguous

Listen. Nobody gives a flying **** about it in England. You guys have been fighting over it for God knows how long and its the same trivia that matters to nobody else but yourselves and your puffed up egos.

This is a Polish forum, so please stick on topic.
peterweg   
6 Oct 2012
Real Estate / Poland's apartment prices continue to fall [1844]

Nonetheless, describing Britain as 'the mainland' in reference to the ROI suggests a political relationship that does not exist.

It doesn't suggest any political relationship at all.
peterweg   
6 Oct 2012
Real Estate / Poland's apartment prices continue to fall [1844]

Ireland hasn’t pegged its currency to England’s since 1979. Ireland trades with Europe or has Britain left the EU.
Where is the mainland?

I'll explain it again.
Most of Ireland's trade is in GBP not the Euro, joining the Euro was a political not economic decision, and a stupid one.

Where is the mainland?

Selective blindness when it comes to the word and concept of Britain, eh?
peterweg   
3 Oct 2012
Real Estate / The electricty company want to install another pylon on my farmland to support a 15Kw line [15]

If it was up to me the cables would be either 500m away or buried. Problem is the cost.

50m is the possible risk zone and you are untouched indoors. However, a main wire inside a house will just as dangerous as a higher voltage further away.

Besides the risk from it is too small to bother about.

On Topic:
We agreed to them moving the existing pylon from the center of the field and replacing it with two on each edge of the field, thereby removing the obstruction.

Happy with that.
peterweg   
2 Oct 2012
Real Estate / Poland's apartment prices continue to fall [1844]

It's not such a bad idea for Ireland - they would have to peg to something, and the alternative (the Pound) was never really in their favour. At least with the Euro, they could act as the European headquarters for businesses and do all their accounting in the same currency as they sell in.

About 2/3 of Ireland's trade is with the UK, until very recently they were using the GBP and then their version of it the Punt. It made absolutely no sense to use the Euro, except as a declaration of a fantasy relocation of Ireland into another continent. Nowadays Ireland's economy is even more integrated with the UK.

The idea that Ireland is a natural euro economy is ridiculous, it barely trades with Europe and everything has to travel via the mainland... mainland Britain, to the continent. Its nothing to do with politics, simply the undeniable location of Ireland as a island off the coast of Britain.
peterweg   
2 Oct 2012
Real Estate / Poland's apartment prices continue to fall [1844]

Its all about trade between countries. Tourism and cross border travel is a tiny part of the economic benefit.

Countries with very interlined economies - such as Poland and Germany - have very good reason to share a currency. The periphery such as Greece, Ireland, Spain and Italy should not be in the Euro.

But for Poland, Holland and even France its a no brainer.. Poland was part of Germany's infrastructure until 1945.

You never hear about a trade deficit between states in the USA because it just doesn't happen, and it can't happen in Europe any more either.

It impossible that every state has a 100% balance of trade with every other state, so thats a silly comment (unless you want to fool yourself that Alabama produces and exports the same as -say- New York or Californian?). The USA is, like the UK, a transfer union, money goes from poor states and regions and this is accepted.

The same transfer union has to exist in Europe.
peterweg   
2 Oct 2012
Real Estate / The electricty company want to install another pylon on my farmland to support a 15Kw line [15]

The electricity company sent a document asking for our consent to build another pylon in our field (there is one there already).

Does anyone know what the legal situation is? Do they have a right to build it? how much compensation for the loss of land could we ask for?

I don't really know why they need it - seems adequate as it is.
peterweg   
2 Oct 2012
History / Welcome to Lemmingrad! [59]

Is there no end to the crazy suggestions that the desperate opposition will come up with?

Its not just crazy, it shows a fundamental hatred of democracy. Democracy hating Commie - good job he doesn't live in the US, you are barred from entry for that.
peterweg   
27 Sep 2012
USA, Canada / If America is so bad, why move here? [254]

My Polish uncle told me how he got into $400k debt (in Nevada) and went bankrupt. I don't know how a prison guard, who moonlighted as a security guard, was given so much credit.
peterweg   
23 Sep 2012
Life / Typical for the Poloniandists [171]

Mods can you please close this thread, its quite obviously a excuse to abuse Americans.
peterweg   
22 Sep 2012
Travel / Lublin ruined by arrival of Ryanair [33]

Brits are fundamentally one of the most reserved and self conscious people on earth, and they need to drink to loose their inhibitions.

Weird, getting drunk, running about with cocks on their heads and having public sex is reserved, eh? I'd say other nations are far more reserved and prudish. America finds the display of female breasts offensive for instance, and drinking is looked on as some sort of sin.

Edit: you live in the most puritanical, stuck up, humourless countries in Europe and think the British are reserved.
peterweg   
22 Sep 2012
Travel / Dreamliner for Lot Polish [27]

The Airbus A380 has a lot more space per passenger than most aircraft, due to the fact that its maximum weight is limited. So in theory airlines can give you more space. The top deck is very quiet and passengers love it.

The 787 Nightmareliner is a good aircraft but I won't be flying it for years. Its development has been a disaster and there are many new technologies to fail. LOT are getting Rolls Royce engines. The other engine is GE and its just been discovered to have serious design flaw that makes engines fail based on time (not engine hours)

airliners.net/aviation-forums/general_aviation/read.main/5563160

They will fix it, but they should have grounded the 787 - uneconomical to do so..

The 787 is supposed to be nicer than older aircraft for long haul, however many passengers don't seem to even notice the difference

The first flight for lot polish from EWR Newark to Warsaw in there newly aquired DREAMLINER is on feb 3rd,2013

Interesting, I thought they were only flying short haul in Europe. I wasn't even aware that the 787 has got its ETOPS for flying over water, it was blocked for a while after the in flight fire.

You will be amongst the first people in the world crossing the Atlantic in this new all electric, plastic aircraft.

Good luck.
peterweg   
11 Sep 2012
History / Memos show US hushed up Soviet crime against Poland [97]

AP Exclusive: Memos show US hushed up Soviet crime

WARSAW, Poland (AP) - The American POWs sent secret coded messages to Washington with news of a Soviet atrocity: In 1943 they saw rows of corpses in an advanced state of decay in the Katyn forest, on the western edge of Russia, proof that the killers could not have been the Nazis who had only recently occupied the area.

The testimony about the infamous massacre of Polish officers might have lessened the tragic fate that befell Poland under the Soviets, some scholars believe. Instead, it mysteriously vanished into the heart of American power.

___
National Archives page on Katyn: archives.gov/research/foreign-policy/katyn-massacre/
___
Randy Herschaft reported from New York. AP reporter Monika Scislowska contributed from Warsaw.
___
Vanessa Gera can be reached at
twitter.com/VanessaGera and Randy Herschaft at twitter.com/HerschaftAP
news.yahoo/ap-exclusive-memos-show-us-hushed-soviet-crime-132109652.html?_esi=
peterweg   
11 Sep 2012
Real Estate / Poland's apartment prices continue to fall [1844]

If you net the savings and debt amounts then despite being totally in the mire the uk household is bvously much wealthier.

Really?

UK: Average debt of £53K minus (your unsourced claim) £40k = £13k DEBT, or 50% of average earnings.

Poland: £28K- £60= £28K SAVINGS or 400% average earnings

Debt is a burden everywhere, whereas savings are an income stream in Poland (not however in the UK with its negative interest rates). UK household debt is measured at over 150% of GDP, far higher than it has ever been before and one of the worlds worst figures.

Poland the number of mortgage free owner-occupiers is about 3x the UK. Poles are relatively cash rich, especially with the lower housing costs versus the UK.

The potential for another housing boom in Poland is still there, absolutely no chance of one in the UK for as long as 10 years.
peterweg   
11 Sep 2012
Real Estate / Poland's apartment prices continue to fall [1844]

The economists have no idea, otherwise they would have predicted the crash and know what to do about the Euro crises now, today!!!

Its not an economist job or purpose to predict the future; but many people, journalist and 'experts' did predict the crash. That made little difference because there is an overwhelming desire by people and politicians to get rich through property speculation.

People will lie through their teeth about everything to keep house prices rising, nothing anyone says will stop them believing in fantasy.

This is how Pyramid schemes and con-men operate, you don't have to lie to people, they will lie to themselves.
peterweg   
9 Sep 2012
Life / Cheapest car spares in Poland? [23]

BTW is it true that the avergae car on the road in Poland is 14 years old?

Believe it or not its 15 years..

thenews.pl/1/12/Artykul/81744,Old-second-hand-cars-put-Polish-roads-in-a-jam
peterweg   
9 Sep 2012
Real Estate / Poland's apartment prices continue to fall [1844]

1 trillion zloty is about 30k per head. Doesn't really support the theory that prices are going to rise, in fact it's less than the required deposit for a modest 50sqm apartment in most big towns.

On the contrary, its hell of a lot of savings

Per family thats about 140k pln or about four year earnings. In contrast the UK has £53k of DEBT per household.
creditaction.org.uk/helpful-resources/debt-statistics.html

Polish households have load of cash and about 95% are mortgage free. Only thing stopping price rises is the unavailability of credit.

A slow steady inflation rate such as what has been seen in the UK over the past 11 years doesn't really hurt your wallet.

(off topic here...)
Nobody in the UK has had pay rises over the last few years, inflation causes real pain now as its 20% over that period.

Can you tell me the loss of the property capitol due to inflation?

You won't get it. Maybe you are right and the worlds economists, politicians and savers are wrong. Maybe it really is all funny money magic and harmless. I just know that when 120k is required to buy what 100k could have bought 5 years ago my capital was not 'protected'.

Average Property Selling Prices in Bristol (£000's)

It is true property has increased far above inflation and wages if you go far back enough in time. Not been true since 2006/2007.

It is obviously unsustainable in future as it was entire funded by banks engineering money. This cannot continue (Basel 3 makes sure of that) so banks will continue reducing their lending and prices will continue their real/nominal falls. Until UK households and banks repay their debts UK house prices will stagnate at best, even if it takes another 10 years.

That isn't 'protecting capital'.
peterweg   
8 Sep 2012
Real Estate / Poland's apartment prices continue to fall [1844]

Poland: no end to housing slump

The state of Poland's residential property market has analysts grasping for words to describe what's going on - although a glance in the thesaurus for adjectives such as "dreadful", "awful" and "gloomy" might help.

In its latest look at the selling prices of flats in Poland's largest cities, Open Finance, a real estate advisory company, finds thatthe slump which started in late 2007 shows no signs of slowing.

blogs.ft.com/beyond-brics/2012/09/07/poland-no-end-to-housing-slump

Probably will get to a 20 percent drop eventually, it's just taken longer than I expected.

Lose a battle, but winning the war
peterweg   
4 Sep 2012
Food / Pinto beans in Poland [17]

Tried Alma? they sell Mexican food. I remember buying some there or the world food shop, Kuchnie Świata

kuchnieswiata.com.pl/sklepy.html

Very expensive in a tin, however.
peterweg   
4 Sep 2012
Real Estate / Poland's apartment prices continue to fall [1844]

The cost of living has gone up 20%. Their capital has not been protected, it buys around 20% less. People haven't had wages rises, but prices have risen by 20% so they have less disposable income to save for and pay for property.

You don't get inflation do you? You really should get your head around it. Look at the Bank of England inflation calculator.
peterweg   
4 Sep 2012
News / Czech drug legalisation threatens Poland [111]

No, they all started with caffeine. And from there they virtually all moved on to alcohol.

In fact its nicotine is the lead in drug for hard drugs. One doctor said he'd never seen a Heroin addict who didn't smoke.

The real solution is a demand end one. Why do people reach for drugs? If we all joined to destroy the motivation, then dealers would be swepeing floors at McDonald's to make a living. The real enemy is the one who says drugs are cool, be it a peer, dealer, celebrity or media outlet.

Thats some hallucinogenic you're smoking..