jwojcie
27 Jul 2011
Real Estate / Poland's apartment prices continue to fall [1844]
Harry the problem with mortgages from "Rodzina na swoim" is that usually bank commission on such mortgage was higher than on 'free market' mortgage. This program is maybe in theory noble but in reality it is nothing more than artificial floor for property prices. This program started when property market in Poland was in shambles, it should be stopped long time ago.
PS, I'm not in property bust camp, but prices are falling - don't forget about inflation. Even if price of flat is not moving the price is dropping...
Mark, you might want to consider which is more 'free market': helping people buy their own home on the free market or giving them a home free of charge.
The most 'free market' thing to do would be to let them starve in the streets. Support that do you?
The most 'free market' thing to do would be to let them starve in the streets. Support that do you?
Harry the problem with mortgages from "Rodzina na swoim" is that usually bank commission on such mortgage was higher than on 'free market' mortgage. This program is maybe in theory noble but in reality it is nothing more than artificial floor for property prices. This program started when property market in Poland was in shambles, it should be stopped long time ago.
PS, I'm not in property bust camp, but prices are falling - don't forget about inflation. Even if price of flat is not moving the price is dropping...