Real Estate /
Buying a flat in Krakow; prices are still falling? [200]
...you're wrong...
one piece of advice I will offer you for free...if you don't like something, then get off your ... and do something about it. Join a party, organisation, club where your views will be listened to, considered, taken as the truth and acted upon.
On the other hand...just sit back and see if your predictions/intentions/soothsaying monologues come true - then you would rightly have the right to say 'I told you so'.
Prices of property in Krakow will not drop very much now...even in used properties.
The mentality of Poles is that they would rather have an empty house/flat on which they have to pay rates/media...than let it go for a reduced price.
... he's trying to drive prices down by spamming every forum he can find. Although he's only doing that in an attempt to drive prices down to a level he can actually afford!
....that is not the way to drive prices down. I've already said something about the Polish mentality. They would rather have an empty house/flat on which they have to pay bills for two or three years, than reduce the price by even 10%.
In my kamienica, there has been an empty flat for 3 years, but she will not lower the price, so it's staying empty until someone can afford it or it will stay empty for ever.
Her reasoning behind this:
It is better to have your money tied up in property that nobody can afford to buy - than take 90% of market value and put the money on deposit..
Clever, - now why didn't I think of that.....?