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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 23 of 56
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peterweg   
20 Jun 2012
Real Estate / What do you pay in rent/mortgage in Poland? [144]

But the is "median" gross annual salary, according to ASHE, in 2010 was £20,801

You are mixing up median and average.

The average wage is nearer 30K and the average house price is around 160k

If your figures are true the a maximum wage multiple mortgage would be no where near enough to cover an average mortgage. Most are 4.5x wage maximum lending.
peterweg   
19 Jun 2012
Real Estate / Poland's apartment prices continue to fall [1844]

Since when have developers been a good judge of the state of the housing market? The world is littered with the decaying hulks of over extended and overconfident developers.
peterweg   
19 Jun 2012
Real Estate / What do you pay in rent/mortgage in Poland? [144]

8 and a half times salary is about the same as the UK

Thats not correct, the UK is more like 5 times., historically its around 3.5 and at the bottom of the crash in 1995 it was 2.7 in London.

It has never been 8 in the UK, although London is approaching it again

guardian.co.uk/money/2012/may/27/first-time-buyers-priced-out-london-housing-market
peterweg   
16 Jun 2012
Real Estate / What do you pay in rent/mortgage in Poland? [144]

sure, but that requires people to pay mortgages. mortgages most poles can't afford.

What you are missing is that when a large part of the population have big value assets. They can use that as collateral to borrow money. Which they can give to their children to buy more property or buy them selves.

Of course when they die, their children get a inheritance of 3-400k pln - with which they can buy more property - or spend.

This is the method millions of British used to buy property in Spain and large drove its property boom and crash.
peterweg   
16 Jun 2012
Real Estate / Poland's apartment prices continue to fall [1844]

What with the farm and all, I guess you've got your hands full with the hen nights.

:)

Not living at the farm for a couple of years yet, it needs money spending on it and planning permission for extension, gas pipes etc.
peterweg   
16 Jun 2012
Real Estate / Poland's apartment prices continue to fall [1844]

You should consider buying a plot of building land near a good road, ideally one of the new ones.

If you have a plot you don't need deposit for a mortgage for the building work. Building will be cheaper than a city center apartment - certainly you can spend money in stages.

Learn to drive/get a car before moving there, I can't help with your loneliness issues.
peterweg   
15 Jun 2012
News / Poland's Economy Is Booming! The EU's Success Story? [711]

There were motorways in Poland then - Konin-Wresznia was open, as was the A4 from Olszyna to Wroclaw.

A slight exaggeration more than bad journalism. How many km was there? 250Km??
peterweg   
15 Jun 2012
Real Estate / What do you pay in rent/mortgage in Poland? [144]

This form of privatization was an utter disaster in terms of screwing up this generation.

But it makes, instant, tax paying capitalists. I don't know if there is a better alternative, screw the poverty stricken parents or the children. The parents can rely on bank of Mum & Dad, better than the State.

It was a massive gift, but inflation was the gift - its almost wiped out the debt.
peterweg   
15 Jun 2012
Real Estate / What do you pay in rent/mortgage in Poland? [144]

roughly what percentage of landlords in Poland give receipts for rent paid to them?

Its not a survey of landlords, but of tenants so your point is invalid.

So the sky is not falling? Milky will be disappointed.

Milky's more extreme predictions are, quite simply, impossible. I'd say in the next year prices will start rising, and move towards the m2 level of say a country like Belgium over the next decade.

The Polsih government don't build anywhere near the amount of social housing needed

This link was missing, Page 9

94% of the population live in either mortgage free owner occupied property or in subsidized social housing.

I'd make a guess that all of them are ex-social housing. 30% are currently living in social housing at reduced or free rent, 64% mortgage free probably ex-social housing.

Realistically, how much demand do you think there will be to move into more social housing, against the desire to live in a self owned, modern, apartments/houses?
peterweg   
15 Jun 2012
News / Poland's Economy Is Booming! The EU's Success Story? [711]

FT's special report on Poland

One article from the list (mod, please don't cut this, its subscription only article)

Sporting chance is reward for progress

Rising countries have a habit of throwing coming-out parties for themselves in the form of big sporting events and Poland is getting its chance with the Uefa Euro 2012 football championship - an event that marks its arrival as a developed economy.

Poland's four host cities - Warsaw, Wroclaw, Poznan and Gdansk - all have new or refurbished stadiums that meet international standards.

ft.com/intl/cms/s/0/bef5a860-ab09-11e1-b675-00144feabdc0.html
peterweg   
15 Jun 2012
Real Estate / What do you pay in rent/mortgage in Poland? [144]

What these figures suggest:

1. There is not a huge number of people overburdened with large mortgage payments or rent.
2. A Crash is not very likely (although prices are still falling ?)
3. The positive growth potential (due to the large assets available to 2/3rd of the population) is large
4. There is a large pent-up demand for better housing from Poles who are living in overcrowded accommodation.
peterweg   
14 Jun 2012
Real Estate / Poland's apartment prices continue to fall [1844]

As mentioned above, when it comes to property in Poland, what matters is whose name is on the deeds. If one's name is not on them, one can find oneself in all sorts of bother.

As I told you before, I could not care less about ownership.

Why? Even your own sources are now showing that apartment prices are not falling, so this thread no longer has a use.

No, those numbers are not credible.
peterweg   
14 Jun 2012
Real Estate / What do you pay in rent/mortgage in Poland? [144]

and in Poland??

Look here. Shows % of population overburdened by housing cost(paying 40 % or more of their equivalised disposable income on housingwhether it be rent, mortgage).

8.2% of Polish population is paying more than 40% of disposable income on rent. EU average is 12.1%. UK is 16.3%, Ireland 4% and Greece 22.1%. Poles are paying much less of their disposable income on accommodation costs than the EU average of 12.1%

Glossary:Housing cost overburden rate

The housing cost overburden rate is the percentage of the population living in households where the total housing costs ('net' of housing allowances) represent more than 40 % of disposable income ('net' of housing allowances).

Look here. Statistics on everything....

epp.eurostat.ec.europa.eu/statistics_explained/index.php/Housing_statistics

On one statistic - noise, pollution and crime - the Uk is far worse than Poland..
epp.eurostat.ec.europa.eu/statistics_explained/index.php/Housing_statistics

On one statistic - noise, pollution and crime - the Uk is far worse than Poland..
epp.eurostat.ec.europa.eu/statistics_explained/index.php/Housing_statistics

Page 9. 64% of Polish households are owner occupied with no mortgage or loan. Uk figure is 25%. Ireland is 41%

Less that 4% are paying market rent in PL. F*** me.

Only 6% of Poles have a mortgage and live in the property,
peterweg   
14 Jun 2012
News / Poland's Economy Is Booming! The EU's Success Story? [711]

Poland attracting more foreign tourists

In the first three months of 2012, 14.4 million foreigners visited Poland, a 6 percent increase from the same period of last year, according to data from Poland's Institute of Tourism.

The number of visitors from Russia, Belarus and Ukraine increased by over 20 percent, with a total of 3.3 million. Still, Germany was in first place, with 4.9 million visitors. More French, Italians and Swedes also visited, and only the number of British tourists decreased.

wbj/article-59495-poland-attracting-more-foreign-tourists.html
peterweg   
14 Jun 2012
Real Estate / What do you pay in rent/mortgage in Poland? [144]

Actually you will be shocked how much property is owned in the US mortgage free, its something like 40%. I can't find the exact numbers, but the number of mortgages in most countries is far below the number of households.

Utter bollocks, as most of the people here prove.

Not everybody is brilliant like you and mortgage free. As WB and Fuzzywickets point out, surviving in Poland when you have to pay market rates and earn a normal wage is difficult. Having family help, or being a rich foreigner like yourself is a big advantage.

Your genius of being present in a country before property prices tripled is also a big advantage.
peterweg   
14 Jun 2012
Real Estate / Poland's apartment prices continue to fall [1844]

You need a license/permit. Identify the land and apply, it can be very slow.

Are you sure that you went to University?

You are very impressed by the thought of University education aren't you.

I do wish you'd make your mind up about whether you bought a farm or not, only tow days ago you told us here

I give my child pocket money to buy sweets, I do not say they are mine after she buys them.

You two are are getting confused about this. Buying something for someone or giving them the money to buy it themselves is the same thing. Especially when you give it to your wife and teh hand over of moeny/keys is done within a few minutes.
peterweg   
14 Jun 2012
News / Poland scores late goals in education [6]

Poland scores late goals in education
By Bill Hicks BBC Knowledge economy
Polish flag League rankings: Poland has overtaken many western European countries in education results
The eyes of the football world have turned to Poland, as it plays co-host to Euro 2012.

But the country has been winning international approval for a different kind of league table success - as Poland has become one of the rising stars in education.

Among eastern European, former-Communist countries, Poland has been the biggest education success story - following modernising reforms launched at the end of the 1990s.

It has also been more successful than most countries at one of the holy grails for education reform, equality of opportunity.

Poland's schools are succeeding, more than many others, in narrowing the gap between the weak and the strong, the gifted and the challenged.

No other European country has climbed the international education tables quite so consistently as this nation, which emerged so recently from decades of totalitarian rule and economic hardship.

More for less quote]

bbc.co.uk/news/business-18151512
peterweg   
14 Jun 2012
Real Estate / Poland's apartment prices continue to fall [1844]

Really Mr D? The problem in this case is that peterweg didn't bother to get it. Go back to trying to illegally sell dodgy cars which do not belong to you.

Interesting fantasy. Why would I have to 'bother' when I didn't buy it? And here you go, yet another ad hominem attack when your bullshit is challenged

Peterweg stated "I bought a farm and gave it to my wife", this is a lie as being a foreigner, he could buy farmland. Admittedly
he could have obtained permission to buy it himself,

Admittedly you guys are clutching at straws.

Please differentiate between buying a house and giving it to you wife and giving the money to your wife to buy a house. I could have also become a citizen as I'm entitled to through my father and waited the six months.

Please harry and Avalon, explain the difference between giving the money to buy and buying it myself and giving it.

Typical childish behaviour. Remember, with age comes wisdom.

Yes, thats a very sage .

For someone that does not even own any property in Poland he seems to not know an awful lot about it.

Owning property will increase my intelligence. My name on the deed, if spelt correctly will increase my IQ ten fold.. Got it. Without it, I am utterly clueless.
peterweg   
14 Jun 2012
News / Poland's Economy Is Booming! The EU's Success Story? [711]

Balcerowicz: envious of the neighbors

Poles have long held a fascination with the next-door Czechs as an exemplar of hard-headed economic virtues that their own more romantic country would be wise to follow - something that arch-reformer Leszek Balcerowicz referred to when calling on countrymen to tackle more reforms, pointing out that Czech borrowing costs were lower than Poland's.

The latest cost of 5-year credit default swaps (the cost of insuring against default) for the Czech Republic is 127.1 basis points, not far above Germany's 107.1, while Poland is at 239.7bp (albeit far below Spain and Italy and in a different universe from Greece).

But on closer inspection it may be that the bourgeois virtues of the Czechs are overestimated, and the sword-waving Poles are actually doing better than the market numbers suggest - at least that's the argument from Andrzej Bratkowski, a hawkish member of the central bank's interest rate setting Monetary Policy Council. quote]

blogs.ft.com/beyond-brics/2012/06/12/euro-cds-2012-czech-vs-poland/
peterweg   
14 Jun 2012
Real Estate / Poland's apartment prices continue to fall [1844]

You have no knowledge about property development/building, as demonstrated by your replies.

Ok, change the subject. Stay to the subject you understand - gluing bricks together - and keep away from the things you don't - such as how or why people buy them.

still talking out of your backside i see weg, im still laughing

No, son, you are still sulking over being made to look a dickhead.
peterweg   
14 Jun 2012
Real Estate / Poland's apartment prices continue to fall [1844]

Thats the point.,The land came with that asset, not your building materials. Without the fixed asset of the land the building materials can be worthless. You cannot commoditise property because its worth is defined by its location.

So you cannot discuss the costs of building and claim you would not sell below cost because the selling price is determined by location not your cost. If its in a worthless location, its worthless, no matter how much it cost to build.
peterweg   
14 Jun 2012
Real Estate / What do you pay in rent/mortgage in Poland? [144]

Vastly distorted by the fact that so much of the housing stock is mortgage free. No mortgage=low cost of housing. This from 2008, its about 5kpln per person, so maybe 20k per household?

ceeconstruction.com/67961/Poland-8217-s-total-mortgage-debt-rises-to-PLN-189bn-at-the-end-of-October.shtml

europarl.europa.eu/document/activities/cont/201103/20110324ATT16330/20110324ATT16330EN.pdf