Real Estate / Poland's apartment prices continue to fall [1844]


You certainly fit into that category. Avalon doesn't even seem to understand the basic maths.


Thats hindsight and a collection of lucky situations. Buying in the UK now would never return any sort of similar return - its impossible as prices are to high.

History / Poland did reasonably well in land terms out of the postwar settlement [270]


I wouldn't, even though it includes my fathers 120 acre farm. You got to move on.

News / About fifty injured after two trains collide in Poland [73]


We I can almost definitely say that it wouldn't have been. In fact i doubt anyone on this forum knows anyone who have died on the railway, you are more likely to win the lottery.

In contrast I know a handful of people who have died on the roads and even know someone who died hang gliding and someone who died drowning in her bathwater.

I suspect that most, if not all of those who died on polish railways last year a) committed suicide b) trespassed on purpose or c) was driving a vehicle when they were hit by a train. Barely possible to prevent that sort of thing.

History / Poland did reasonably well in land terms out of the postwar settlement [270]


Its a tiny piece of land occupied by Poles, hardly a self land grab more self defense.

70% of the population were Polish, its one thing to allow them to co-exist with the Czechs, another to allow the Germans to occupy. The circumstances had completely changed, but to you one - no-longer relevant - fact over rides the protection of a countries citizens?

History / Poland did reasonably well in land terms out of the postwar settlement [270]


The population in Karvina, the land they took control of, was majority Polish (my grandfather was born there). Are you suggesting it would have been acceptable to have Poles living under German occupation in 1938?

News / About fifty injured after two trains collide in Poland [73]


Don't be ridiculous. Saving lives costs money, you can spend a infinite amount and make travel so expensive that nobody travels and you have 100% safety.

30 lives in six months is nothing, how do you define needless deaths? how much would it cost to save them and where will the money come from? Surely it better to spend money improving road quality, after all 30 dead is a normal three days road death toll or a bad Saturday in Poland.

Real Estate / Poland's apartment prices continue to fall [1844]


Property is a very good hedge against inflation over the long term. No matter waht people can/will pay a large part - and stable in real terms - of their wage towards somewhere to live; if they can work while living there.

Short term, under seven years it can be a good or bad. As long as you can wait 'seven years' to sell it will be fine..

News / About fifty injured after two trains collide in Poland [73]


Really? Can you post evidence of that? Presumably most of them were cars/pedestrians.

Still, it shows how safe the railways are. 30 dead is a tiny figure compared to road travel.

For comparison the UK has over 250 deaths per year on average of trespassers/suicides on the railways. Accidents to passengers and staff are on top of that.

transport-watch.co.uk/transport-fact-sheet-2.htm

News / About fifty injured after two trains collide in Poland [73]


Yes.

Real Estate / Poland's apartment prices continue to fall [1844]

No Harry, that would be a crash in real terms.

News / More anti Polish sentiment in western media ("Apple is worth more than Poland") [110]


Ironic coming from the most racist race on the planet. They have racism built into their religion FFS.

Real Estate / Poland's apartment prices continue to fall [1844]


You got the principle, even if your maths is still suspect.

Off-Topic / When would Poland start to intervene in the regions in order to protect Her interests? [36]

Here we go again, the Serbian lunatic has started another Troll thread.

Polish people don't like the Serbs, you crazy fool.

Food / How toxic is industrial salt? (some food factories in Poland used it for sausages) [49]


There is a lot of truth in that.

Real Estate / Poland's apartment prices continue to fall [1844]


I agreed, its mathematically impossible to come to those figures, for instance


So the effect of inflation (3-5% per year) is a difference of 0.1% over several years?


whereas inflation in Krakow results in 1.4%?? Inflation is a national figure so the effect should be equally proportional.

Bunkum.

History / Poland did reasonably well in land terms out of the postwar settlement [270]


Invaded by two neighbors, 25% of the population exterminated, 30% of the land stolen, forced re-location of a quarter of the pop. Occupation for 50 years and a wrecked economy.

In your stupid mind thats something Poland chose to do?

News / EU Predicts Poland's Economy Will Expand at Bloc's Fastest Pace This Year [37]

Poland's GDP was $60billion, now its near $600billion. That is massive and impressive growth in just over 20 years.

GDP figures are pretty stark and to the point, if accurate they are not really subject to interpretation. Increased GDP means a wealthier country, pure and simple. No salt required.

Genealogy / Being ashamed of Polish ancestry? [156]


They don't need a green card to never have to return to Poland, they have a EU passport - far more valuable and versatile.

Then again, you're a a bullshitter with an agenda, so its probably best to ignore your comments.

History / A little reminder for those Brits that ***** about Poles [143]

Link or it didn't happen.

News / Becoming non-EUnuch -> giving up your share of handouts. [36]


The problem with the Euro is Germany.
Germany should set up a permanent transfer union or be kicked out of the Euro. They are parasites on the weaker economies, using them to hold down the German export costs and destroying the other Euro economies industry.

Real Estate / Poland's apartment prices continue to fall [1844]

More importantly..


wbj/article-58115-wages-in-polands-private-sector-grow-81-percent.html

Real Estate / Poland's apartment prices continue to fall [1844]

I showed the the figures I used to perform the calculation, thats what you asked for. I modified them to take into account real inflation.


And 13.5% with

If you want to dispute those figures or change the basis, fine but don't be complain that the results are different when you do so.

I shouldn't have said 'so far'when including the 2012 estimate, that was wrong on my part. I guess inflation could be below 4% and prices could rise this year. NBP estimates 3.25% for 2012.

Real Estate / Poland's apartment prices continue to fall [1844]


Useless.

Thats fouryears.

We were discussing falls from peak. Why would you include a year before the peak? its simply irrelevant and idiotic, quite frankly.

You also ignored inflation.

If you want hard numbers, -13.5% fall from peak at the end of 2011 is undeniable.

News / Becoming non-EUnuch -> giving up your share of handouts. [36]


See here

Polish apartment prices continue to fall

I even added more accurate inflation figures and fixed a mistake, its 11.5% to 17.1%n (not 17.5% as i originally said)

Real Estate / Poland's apartment prices continue to fall [1844]


Using these figures
milky:
2009: 0%
2010: -3%
2011: -5%
2012: -4% to -10% (predicted)

Compounded falls to date

2009: 100
2010: (100 *0.97)=97 = -3%
2011: (97*.95)= 92.15 = -7.85%
2012: (92.12*.96) = 88.464 = -11.536%. (For a estimated fall of 10% its 82.935 = -17.065% -opps my mistake)

This is the source of the real fall of 11.5% to 17.1% fall from 2009 to end 2012

Adding inflation, assuming 4% average as I did..

2009: 100
2010: (100 *0.97)=(97 *0.96)=93.2 = -6.88%
2011: (93.2*.95)= (92.15*0.96) =84.92544= -15.07456%
2012: (84.925 *.96) = (88.464*0.96)=78.2672855=-21.7327145 %
(For a estimated fall of 10% its (82.925 *0.9) = 73.37558016= -26.62441984%

However, Inflation is variable, so here it is with approx inflation numbers from here
tradingeconomics.com/poland/inflation-cpi

2009: 100
2010: (100 *0.97 *0.965)=93.605 = -6.395%
2011: (93.6 *.95 *0.9725) =86.47931938= -13.52068063%
2012: (86.479 *.96 *0.958)=79.53330044=-20.46669956 %
(For a estimated fall of 10% its (86.4795 *0.9* 0.958) = 74.56246917= -25.43753083%

So a more accurate statement. Real fall of 11.536%(for a fall of 4% in 2012) and 17.065% for a fall of 10% in 2012

Inflation adjusted (inflation assumed 4.2% in 2012), this equates to a fall of between 20.5 % (assuming 4% fall in 2012) and 25.4% (assuming 4% fall in 2012) from 2009 til the end of 2012

Inflation adjusted (inflation assumed 4.2% in 2012), this equates to a fall of between 20.5 % (assuming 4% fall in 2012) and 25.4% (assuming 10% fall in 2012) from 2009 til the end of 2012.

Corrected.

News / Becoming non-EUnuch -> giving up your share of handouts. [36]

Harry you really are a pea brained f***wit aren't you? Can't you calculate compound interest yourself? More to the point, wtf has that got to do with this topic?

News / Becoming non-EUnuch -> giving up your share of handouts. [36]


WTF has that got with anything? has Iceland removed capital controls? has the 4billion Euro bonds been repaid? has the EFTA SA stopped the legal case against Iceland? has it made any less likely they will lose the case? have the banks stopped index lining loans against inflation?

A typical response from our resident bricky. Iceland did what it did because it had no choice. Whether that is better is still open to question.

News / Becoming non-EUnuch -> giving up your share of handouts. [36]


Thats a fallacy. Iceland did not refuse to pay the bankers money bank. All this debt is stilled owed and hanging over the Icelandic economy as they cannot use their own currency tor repay it. The government is taxing all icelandic exporters so that foreign currency can be raised to repay the bankers.

They refused to pay the depositors guarantee, to savers whom were non-Icelandic on the terms offered. The EFTA Surveillance Authority is taking Iceland to court to make them repay the money they stole from individualsavers who were discriminated on by nationality.

The ridiculous narrative you hear in non-Icelandic media about what Iceland did has nothing to do with fact. Iceland is repaying its debts and its economy is still ******.


Not so. Iceland has fixed the exchange rate and consequently Iceland is still a very expensive place. Thats if you use the local paper Krona described as 'money', in fact Iceland currency is not exchangeable for real money, its real exchange rate 'off-shore' is 50% less. So they haven't devalued, just forced exporters to hand over foreign currency in exchange for Icelandic krona at half the real value, on pain of jailtime. This is illegal under EEA law, BTW.

Iceland is a fantasy economy with fantasy money. Just like Disney Dollars, but with less intrinsic value.

en.wikipedia.org/wiki/Disney_dollar

Life / Is Poland a poor country? [578]


Lower income, but not extremely so. The number of people below the poverty line has fallen from 13 to 5million in six years.

In terms of PPS (taking cost of living into account), Poland is half the EU average

averagesalarysurvey.com/article/average-salary-in-eu/26025059.aspx

Poland is increasing rapidly and most of western Europe is falling.

History / Polish Officer in NATO, Col. Ryszard Kukliński. [145]


Not true. International Law makes it quite clear that following orders is no defense if those orders are illegal. Breaking an oath to a proxy of an occupying power can be justified.