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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 46 of 56
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peterweg   
21 Sep 2011
Law / How deep is the Gloom in the Poland's Economy [84]

if the dole is slashed to the extent that home may not look so bad.

Well that will never happen in the UK. Its very low as it is, but far better than Poland. Poland's dole is almost nothing, how can that ever be attractive?

The German job market has just opened to Poles, there is few that will go there, but emigrant's will have more options to Poland, not less.
peterweg   
21 Sep 2011
Law / How deep is the Gloom in the Poland's Economy [84]

If the sh1t does hit the fan and the Pole abroad have to return home,

No they don't unemployment benefits and prospects for a new job are far better in the UK if you are mobile.

his post is not for you,

Stop posting on this website if you don't want to follow the rules. i.e provide evidence.

I mean what is your point?

He is a Troll
peterweg   
21 Sep 2011
Genealogy / Locating my relatives while visiting Poland (first generation Polish-American) [4]

That could be difficult. I havn't located any of my family here. You may also take into account it might be better not to.

A friends father is considering selling his flat in Krakow becuase of the grief his family give him, after three months of it he runs back to Nice (in France) for some peace.
peterweg   
19 Sep 2011
Real Estate / Restructuring of polish chf mortgage [42]

Whats so different about an individual walking away from a rip off mortgage in comparison to..

I don't know, maybe a jail sentence for fraud.
peterweg   
15 Sep 2011
Law / Why is US $ getting so high or Polish zloty falling? [60]

Debt does not have to be paid back, it is usually rolled over forever and inflated away. How serious a problem it is is a matter of debate. If its spent on infrastructure, then debt is good for a country like Poland with its poor infrastructure. If the economy is growing rapidly, then some debt can be managed. Poland is lucky that its level of debt is far less than many other countries and its economic growth is something the rest of the EU can only dream of.

Maybe there is some fear about Polands economy that contributed to the Zloty's fall, but I'd say 75% of the fall is safe havening against the worlds economic problems.
peterweg   
13 Sep 2011
Law / Why is US $ getting so high or Polish zloty falling? [60]

Its not good. However, the rate will not be getting any worse with the swiss fixing against the Euro.The Polish have put a figure on the growth rate cut the high CHF has on the Polish economy and its manageable.

The fal of the Zloty is brilliant for me, 20% pay rise from the bottom in May.
peterweg   
13 Sep 2011
Law / Why is US $ getting so high or Polish zloty falling? [60]

Well, that figure is "About 53 per cent of outstanding Polish mortgages are in francs"

which is not the same as

"54% of Polish homebuyers who got their mortgages in Swiss Francs".

The original article was on Bloomsberg and its 53/54% of value not number of individual mortgages. The actual Zloty total of CHF is actually quite small compared to Polands economy. There are 700k CHF mortages in Poland, a small portion of the households

I posted the figures in another thread here on PF, but cannot be arsed to search for it.....
peterweg   
20 Aug 2011
Real Estate / Banks in Poland selling fewer mortgages in 2011, down 49% [285]

Banks selling fewer mortgages in 2011

Banks in Poland lent zł.23.9 billion for the construction and purchase of real estate in H1, 49 percent less than for the same period last year, reports Puls Biznesu.

Borrowers are now behaving more carefully, having learned the lessons of the financial crisis, and it seems unlikley that results will pick up in H2 particularly after June, normally a good month, saw poor results.

"We actually do not know why this happened. June was always a good month. We're thinking that the market is reacting to what's happening on world markets," said Wojciech Widenka, the chief of the mortgage management department at ING Bank Śląski.

peterweg   
20 Aug 2011
Real Estate / Property-deal-in-Poland-fail-ripped off [9]

The same nonsense happened in Spain - and - even in the UK.

Extreemly common in Spain, not heard of it in the UK - got examples?

In Spain, the banks gave guarantee that the deposit money would be safe. They refused to uphold teh guarantees and gave the money to the developers, this was a political decision to steal from foreigners to try to save the Spanish economy. Illegal? yes. Will the Spanish legal system help? no.

Poland is about to demand escrow accounts to protect consumers. After what happened in Spain, I would say buying off-plan is total lunacy, everywhere. Do not buy off plan.
peterweg   
18 Aug 2011
Real Estate / Poland's apartment prices continue to fall [1844]

There is no such thing, or the 'normal' price of any item for that matter.

Ahh, you mean the same way that they have in the UK, where people can't afford a deposit for a place to live as the house prices have not dropped sufficiently for them to be affordable.

Yet. They will continue to fall. Inflation is a killer there, wages stagnating, cost of living rising. The adjustment will take several more years, few people seem to grasp the slow nature of a property crash, five to ten years is what it will take.
peterweg   
16 Aug 2011
Real Estate / Prices of agricultural land in Poland [39]

Polish land seems more expensive that the UK as well. I wish i could find land as cheap as 2 or even 4 pln per M2.
peterweg   
16 Aug 2011
Real Estate / Prices of agricultural land in Poland [39]

Prices of agricultural land on the rise

A hectare of good agricultural land in Poland costs more than in France and Germany, and prices are continuously rising, reports Rzeczpospolita. The average prices of agricultural land have gone up by 10 percent during the last quarter, and they are 12 percent higher that last year, according to data from the Agricultural Real Estate Agency (ANR).

In Q1 this year, a hectare of agricultural land cost zł.19,400 in Poland on average. In 2010, the average was zł.18,000 per hectare. High-quality parcels are more expensive, however. A hectare in the Wielkopolskie voivodship can cost zł.38,000, the Central Statistical Office (GUS) reported.

A record transaction was registered in the Mazowieckie voivodship recently. The ANR sold 150 hectares of land from a cooperative to a local agricultural producer for zł.8 million. The ANR owns two million hectares of land in Poland, 75 percent of which is leased.

The price of one hectare of ANR land sold on average for zł.3,684 in 1999. In 2011, this price is an average zł.16,721, according to the agency's data.

peterweg   
13 Aug 2011
UK, Ireland / Is moving to UK now a good idea? - antipolish prejudice of the Brits [231]

Will British kids throw stones at me and will I be questioned by the police once a local swan goes missing or are we talking more subtle forms of resentment here?

You will be treated as the same as anybody else. All this talk about anti-Polish racism is bull****.

You have to remember, people whom post in the Sun are a) Thick as **** b) too cowardly to every say what they think to someone's face. Racisms is far worse in countries that don't have a very mixed population, its worse in America a supposedly tolerant society.
peterweg   
13 Aug 2011
UK, Ireland / Polish girlfriend is trying to claim working tax credit [12]

Don't forget to declare it to the tax man.

Actually the tax man will be coming to you for a cut. If she doesn't have a reciept for the rent payments and she is claiming for them she will be leaving you anyway as she is committing fraud.

There is a good chance you could be accused of the same fraud, you have to put a stop to it.
peterweg   
13 Aug 2011
Law / What's the best way to transfer £20,000 into PLN [31]

money belongs to the national bank. u only carry it.

Not true, its printed on it 'Quid Pro Pro' - it can be exchange for something of value and by definition those who hold it own a promise from the bank.

Essentially they are LTD companies LIMITED LIABILITY, if something goes wrong they are protected by the law. Dont give your hard earned cash to them. I know a guy that was taken for £500K.

Whats the problem with depositing the money in Bank PKO in London then drawing it from PKO in Poland. If you open a GBP account you can draw GBP in Poland then exchange at a kantor or what ever - when ever you like. Thats by far the best option.

Its why I have never used such a company. I would expect to be robbed if I gave a complete stranger thousands of pounds with no idea who they are and no security to protect what happens to the money.

IS it still possible to open a PKO account like you say?
peterweg   
12 Aug 2011
Law / What's the best way to transfer £20,000 into PLN [31]

You can take cash, just make sure you can prove its yours. 4.72 is a good rate though. If its sent in zloty, there should be a very small charge. I get £7 on transfers from the US to UK with Barclays, thats on addition to the $20 to send and exchange rate spread.
peterweg   
12 Aug 2011
UK, Ireland / Polish woman caught up in London riots [20]

Anyone who suffers loses due to riot has to make a claim against the government. There isn't an order of claimants or a maximum amount that can be paid out. Victims compensation is pretty generous, rape is worth £20K
peterweg   
12 Aug 2011
Law / What's the best way to transfer £20,000 into PLN [31]

No need to declare anything at the UK border unless you're exporting it outside the EU.

Thats what I thought until then customs offices stopped me and interrogated me. Last time I flew I read a notice explaining that anything over £1000 could be confiscated ANYWHERE in the UK unless you can prove where it came from and that it was not the proceeds of crime.

They also said you have to declare anything over 5000 euro's when leaving the country.

As I said, take bank statements and withdrawal slips with the money. If you have any sort of criminal background you will have a particularly difficult time.

Show me the law that says this.

It was on the wall just past the security scanners at Stansted airport.

Powers of stop, search and seizure
When can the police stop and search you

The police can stop and search you without having a search warrant if they suspect you of being in possession of:-

drugs; and/or
an offensive weapon; and/or
stolen property; and/or
alcohol if you are at certain major football or rugby matches or on public transport travelling to such an event; and/or
evidence in relation to an offence under the Protection of Wild Mammals (Scotland) Act 2002; and/or
cash or the cash equivalent of £1,000 or more and that this is the result of criminal activity
fireworks that you intend to use anti-socially.

adviceguide.org.uk/scotland/your_rights/legal_system_index_scotland/police_powers_scotland.htm
peterweg   
12 Aug 2011
USA, Canada / My story. Born In the USA - do I have a chance in Poland, my Mother Country? [69]

have a good nights rest and when you wake take a hard look at yourself.

I think he made quite clear what he thinks, and its no different to the majority of the world and probably a vary large part of American's themselves think. Some American worship and take pride in their ignorance and stupidity and if you aren't stupid maybe America is not the place to be.
peterweg   
11 Aug 2011
Real Estate / Poland's apartment prices continue to fall [1844]

actly. But its been implied that it should be included in the amount of falling house prices and then the poster states "So 10 years into a loan, 4% inflation will have probably added 50% to a property's value" but states previously "Compound 4% inflation for four years, plus 15% gives a real fall of 28%" which is it?

The point is we have inflation making the house worth less in real terms; the debt is fixed and the value of the house is falling. of course in real terms the debt is falling too. What you want is real increase in the value of the property, prices rising more than inflation.

If you are an existing home owner you are paying for an asset that is falling in real value, however eventually you will have repaid the debt and have an asset, along the way you will be in negative equity and screwed if you want to sell. For new potential home owners there is no incentive to buy a depreciating asset, so they hold back and prices continue to fall.
peterweg   
11 Aug 2011
Real Estate / Poland's apartment prices continue to fall [1844]

There are 700K CHF mortages in total, thats a very small percentage

Apparently thats 53% of mortgage debt.

Franc-denominated mortgages totaled 151.8 billion zloty in June

bloomberg.com/news/2011-08-10/poland-needs-franc-hit-consumers-to-propel-economy-tusk-s-adviser-says.html

Which is shocking that poles have so little property debt...