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Posts by convex  

Joined: 25 Nov 2009 / Male ♂
Last Post: 28 Nov 2011
Threads: Total: 20 / In This Archive: 13
Posts: Total: 3928 / In This Archive: 3150
From: Wroclaw
Speaks Polish?: un poco...wait
Interests: aviation

Displayed posts: 3163 / page 68 of 106
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convex   
1 Jun 2010
Real Estate / PLN 2,500 the going rate for an apartment in Poland [210]

Not if I had children, no. Besides, the whole triple-your-salary thing will be over soon, and then what?

Which probably explains all the students. Are you suggesting that wages will rise here to the UKs level, or that UK salaries will drop?

In which language do they teach their subjects?

How's your Polish? As a cloggy, you can go to uni here...
convex   
1 Jun 2010
Real Estate / PLN 2,500 the going rate for an apartment in Poland [210]

If triple your salary was only an hour away by plane, would you take off?

Hey, if you can afford to study, then there's no excuse not to do it. (I know I would!)

There are plenty of loans and grants here to cover living expenses, not to mention student jobs. Considering the cost of tuition, you don't exactly need a lot of money to go to school... If nothing else, going to university isn't an issue here.
convex   
1 Jun 2010
Life / Electricity bill 1400zlt 5 months. [18]

Seems about right to me, it was a bitter cold winter, maybe you used the electric heater a bit more than you realised. You have a TV right? computer, kettle etc..

Exactly, it adds up quick... F*ckin electric heating...
convex   
1 Jun 2010
Real Estate / PLN 2,500 the going rate for an apartment in Poland [210]

Plenty? In comparison to..?

They exist, 'nuff said.

I wonder what would happen if everyone would have to find a better job if housing prices keep increasing like they are now, but when their wages aren't. You don't have to point out the obvious, because I get that. Don't worry. I'm talking about something else and you know it.

Housing prices keep increasing because of cheap credit, rent remains affordable. Domiporta told me that today...

Yes, but you don't.

But obviously I know what they can afford, and how they live.

Yes, but what if someone decides it would be fun to offer a Ferrari to everyone, knowing that most people can't afford one?

Then the people that have an interest in it respond. The people that can't afford it don't.

Well, I'd call 6000 € a month a very good job. (But ofcourse I'm talking to Tony Stark here.)

€6k a month isn't superhero money. It's quite a bit of money, granted, but it's not superhero level. Working IT in Holland will put 6k in your pocket. Working IT in Poland will only put 9k in your pocket (CCNP, I'm looking for you!).

You're right, and that's exactly why there are a lot of rich people who are clogging up the lower end of the housing market, which clearly was intended for people with average or low income. If you can afford something better, you should move your rich ass and allow someone else to live on his or her own. Or build more affordable appartments for those people. Simple.

If I thought I could make a profit off of building apartments, I would. Ask Avalon about the barriers that are put into place for building cheap housing...

I believe you, but I know a few electricians, plumbers etc. who run their own business.

And I was just out on a rough night with a guy that owns a car stereo/alarm place. He wouldn't have a problem dropping 2500 on an apartment...

Yes, there are, but not enough. For every affordable place there are a few dozens of people out there who are on a waiting list. (Sometimes hundreds.) How come?

Again, domiporta works wonders. If you're making minimum wage in Poland, and can't afford an apartment, you have problems reading advertisements. And honestly, I don't know many places that you work minimum wage and afford more than a room...

Especially when you keep in mind that working class salaries have been frozen or actually decreased over the last three decades, while middle/upper class salaries have increased by 60% over the last three decades.

;)

Where? Here in Poland, working class salaries have increased year on year. Not to mention attending IT studies is pretty close to free. Excuse=what?

Still looking for a decent network engineer. Regarding the pilot, I'm paying a German guy to fly right now...

If he or she works for it, then he or she should be able to live a normal life.

The key is working smarter, not harder. Just because you work at something, doesn't mean you should get a paycheck. I like to look at the stars, but I don't expect other people to finance my hobby.

A full-time English teacher doesn't earn 4000zl.

Well, non native speakers are pulling 25 an hour for private lessons in Wroclaw booked solid all week. I recall that my girlfriend was overwhelmed by responses at 35/hr. I have no doubt in my mind that she could have worked 20 hours a week and made 3k...

What if no one wants to pick up the garbage?

No one wants to pick up garbage. They do it because the rest of society places a value on that service. If the service gets worse, we would pay for the level of service that we expect.
convex   
31 May 2010
Real Estate / PLN 2,500 the going rate for an apartment in Poland [210]

I've seen a few appartments which actually were meant for a cashier once, and these were just a bit cheaper than this one.

Domiporta has plenty of places that are much cheaper

I want to see you work for a few zloty somewhere, while trying to find a place for your family, see if you still have this opinion.

Already been there. Didn't like it. Don't have a family because I want to get my ducks in a row before diving into that choice.

I don't think people want to live in holes. (You sound a bit too arrogant there, sorry.)

Think about size. If you want something nicer, it costs more money, ergo, you need a better job.

No? Well, maybe you should work for the exact same wages people earn in Poland.

My girlfriend works for the exact same wages as people in Poland do. As does her mother, as do most of my friends.

For spoiled foreigners maybe.

Or for people that know how to read a newspaper.

I do. It's just a flat. (A bit bigger than most flats, but still just a flat.)

In the middle of the city, furnished, bills paid, with no commission. A Ferrari is just a car. People that can afford it can justify it.

No. Not probably. I'm 100% sure it would be way too much for them. It would even be too much for a starting psychologist, nurse or teacher.

Yea, so? It shouldn't be a surprise for someone studying psychology that it will be extremely difficult to get a job, and even more difficult to get a good job. Again, this isn't something that creeps up on people.

How many people are engineers, managers, doctors, lawyers and pilots? Oh, and if you are an engineer, manager, doctor, lawyer or a pilot then you shouldn't rent anything, but simply buy property, instead of driving prices up for normal working people who can't afford to buy.

Thanks for that little talk. I'll make my own decisions, as will people that don't want to tie themselves down to even more expensive mortgages.

A full time English teacher - depending on which level he or she teaches - earns about the same as an Electrician, sometimes more, sometimes even less.

There are a couple here making decent money. Very decent money when you look at the minimum wage.

There are affordable places to rent for people who have decided to be part of the working class. Anyway, I'm still looking for a pilot with a commercial twin rating and someone that can install routers. I pay enough to cover this apartment and raise a family, even with all the money that the government will sap from that persons salary to pay for subsidized housing.
convex   
31 May 2010
Real Estate / PLN 2,500 the going rate for an apartment in Poland [210]

This roughly means 625 €. I would classify that as far too expensive for Poland's working class. (Not even talking about minimum wage there!)

The apartment isn't meant for a cashier.

Which roughly means 237 €. Sounds reasonable, if you take into consideration the Euro is about 4 times stronger. Correct me if I'm wrong, but don't you think this should be the average in Poland? I mean 2500 PLN a month? Even a Dutch person would call that pretty expensive for a flat!

Sure, that's incredibly reasonably for an apartment half the size, unfurnished, not in the center of Wroclaw.

Reasonable is whatever the market will bear. If it's unaffordable, the apartment will sit empty until the prices go down. There are plenty of unfurnished holes in Krzyki that you can get for 1200 a month with everything paid.

Don't quite understand what the problem is. There are options. The apartment that was referenced here was 2500 a month, furnished, all bills paid, in the center, with no commission. Is it a bit high? Sure. Is it excessive for what was offered? I don't think so. Would it be excessive for a student, or a part time English teacher, or a cashier at Tesco? Probably. Would it be excessive for an engineer, a manager, a doctor, a lawyer, a pilot (we're hiring!), hell, a full time English teacher?
convex   
31 May 2010
Life / HOW WOULD YOU DESCRIBE POLAND IN 2010? [84]

Which is good, the liberal parties are only good to tone down right wingers.

I think a healthy Libertarian approach would be good for a country like Poland. Do it while you can during periods of growth, and can see the problems with the social welfare system collapsing in on itself.

All the current parties prey on this confusion which means they're also temporary and will not shape the future political scene, personally i predict that these will be the last parliamentary elections before the whole system collapses and transforms into something competent and natively Polish.

Don't know, as long as the people are complacent, which a large percentage of them are, there won't be upheaval. The only way to really see a change here would be if things went bad and personally affected people. In the cities, most people seem to be fairly "happy" in the rat race. Lots of complaining, of course, but nothing past making complaints known at the ballot box.
convex   
31 May 2010
Life / HOW WOULD YOU DESCRIBE POLAND IN 2010? [84]

The political mood of PO, if you're into polish politicis you'll realise that PO is the only party presenting the leftist western outlook (apart from SLD and SDPiL).

The problem that I see is that there are no real classical liberalist parties in Poland. 99% of the political spectrum consists of pseudo socialists (PiS and PO). People here like being tied to the tit of the state. It's a shame too, because there is a lot of opportunity for Poland to become a powerhouse, but it's looking like it will be tied down by the same pitfalls that are biting the Western welfare states.
convex   
31 May 2010
Life / HOW WOULD YOU DESCRIBE POLAND IN 2010? [84]

that is a very valid point, Darius. Let's hope Poland and the other Slavic nations will wise up before they do catch up to us.

They've got the option to take it into the direction that they want, but you can already see the political mood, and the mood of the people for that matter, fighting against it. Either swallow the bitter pill now and get on track, or let it fester and cause massive long term problems. Time to sit back and watch how it plays out.
convex   
31 May 2010
Work / What jobs pay 10,000 zlotych per month? and Where can i find one? :o) [101]

I took a risk. Possible failure is inherent in the word risk. My risk resulted in failure. However, I'd rather take a risk and fail than not take any risks at all.

Absolutely. I guess it's a question of risk management. You have to learn somewhere of course, and failure is definately a motivator. We have the option of learning from failure, quite a few people don't.
convex   
31 May 2010
Work / What jobs pay 10,000 zlotych per month? and Where can i find one? :o) [101]

It was that I was but 20 years old, trying to make a go of it a in foreign country when I had a freak dental problem that caused immense pain. It was expensive to fix and I couldn't both pay my rent and pay me dental fees - and the pain was such that I needed to fix the tooth issue. To those of you here who have never experienced real tooth pain: I hope you never do.

So you learn risk management. It seems like you set yourself up for failure.

My father used to vehemently repeat that one never discuses finances with anyone but their spouse, so I suppose it's just built into me that talking about personal finance is tactless.

Why not? You can learn where other people are and share information to make better decisions. Is that a problem? If you're around someone who is bragging, just stop associating yourself with those kinds of people.
convex   
31 May 2010
Work / What jobs pay 10,000 zlotych per month? and Where can i find one? :o) [101]

wow, it seems that every person on this forum is well above average and just loves to talk about their personal finances. Everyone is in great shape here!

Even average doesn't consist of stealing eggs and squatting in apartments (which are probably still available for that purpose). Some people figure things out, some don't.
convex   
30 May 2010
News / Potheads attack police in Warsaw [40]

Legalizing possession would cause horrible results, like what they're seeing in the Czech Republic and Portugal....oh wait. In those countries the police actually have to fight serious crime there now, no, that wouldn't be good here.

You think it looked anything like this?


convex   
28 May 2010
Law / Government/EU Funding to start a new business in Poland (Warsaw)? [13]

Polish Information and Foreign Investment Agency paiz.gov.pl/en
I'm not aware of any start up funding though. You need to come with capital already in hand. There are start up loans available that are backed by EU money, most banks can help out in securing one.
convex   
28 May 2010
USA, Canada / Free Tyskie beer at Kiełbasa Factory [28]

Boring pale lager. In fact, if you like Tyskie, you might as well save your money and grab a case of high life...

Holy sh*t, I just badmouthed free beer.
convex   
27 May 2010
Life / Poland's population predictions [59]

Soldiers and their dependents aren't residents. And there aren't many soldiers stationed here. I'm guessing most Americans living here also have a Polish passport and are not reported.
convex   
27 May 2010
History / DID THE COMMUNIST GOVERNMENT OF POLAND CENSOR MAIL IN AND OUT OF POLAND [29]

I imagine that the most likely scenario would be the Soviets initially overrunning Germany and the Low Countries

Armor was always the worry in Germany. Had Soviet armor moved across the border, the plan was to use Lance to deliver tactical nuclear weapons and take them out at the Fulda Gap. The loss of Germany was completely unacceptable to NATO.
convex   
26 May 2010
Real Estate / PLN 2,500 the going rate for an apartment in Poland [210]

I wonder how estate prices will stay so high.

Avalon has pointed out that new constructions aren't cheap. The main reason is that the bank keeps providing credit.
convex   
25 May 2010
Real Estate / PLN 2,500 the going rate for an apartment in Poland [210]

there are simply too many highly qualified people looking for too few jobs.

The problem here is that they never become highly qualified because they stay in school not really learning anything relevant to their careers while they could be learning how to actually do a job, not information from some 10 year old text book by a professor who's never seen a real job.
convex   
25 May 2010
Real Estate / PLN 2,500 the going rate for an apartment in Poland [210]

A lot of people would see it as a way out and an opportunity to be able to afford a place of their own. Doesn't matter whether its for 150 years or only 25years, most people still pay a lifetime to the banks for credit. How many folk do you know who live in the same house all their lives, they usually move on and in doing so get more credit to get a bigger better place.

That is doing it by choice. When a basic house requires 150 years of payments, something is seriously wrong and the market is being artificially inflated by cheap credit. Credit=Bad. Lifetime of credit=worse.
convex   
25 May 2010
Real Estate / PLN 2,500 the going rate for an apartment in Poland [210]

Convex i'm in Poland now and i'm in Wrocław, i also rent a flat to people so i know the numbers, 2500zl is what a flat in the centre of the old town goes for, this baby is a solid 800zł over the market price.

Still need to get a beer...

Anyway, can you find me 60m2, furnished, with utilities paid for less than 1700zl?

I'm not saying it's cheap, but hey, it's not exactly a ripoff. There are plenty of "newly built" holes in the wall that have been sitting empty for many months because of the price tag... Someone will eventually have to just eat it...
convex   
25 May 2010
Real Estate / PLN 2,500 the going rate for an apartment in Poland [210]

Not really, it stamps out the chance of going into debt due to the payments being so small and places in Sweden aren't too expensive anyway. It's just another way to make it affordable to get credit and for the banks not needing to take so much risk.

That completely screws up the value of real estate. It causes people to become docile and not take risks.

Loaning out money requires taking risk, that's where the reward comes from. If banks make large amounts of money available to lots of people, the price of the asset rises. No voodoo economics here.

For instance, if everyone had to pony up 50% of the value of a mortgage in cash, housing prices would probably end up being cut nearly in half.
convex   
25 May 2010
Real Estate / PLN 2,500 the going rate for an apartment in Poland [210]

i don't think so.. but we shall see.

The second part is basics...the first one is being reflected in the bond market as we speak.

This is why I am in favour of the Swedish system. Where you can get credit for over 150 years. They buy houses with the intent that when they move their children will take over the payments and therefore be able to afford to live a decent life.

That is insane. How about not giving lifetime credits so that the prices will come back down to being affordable without making slaves of working people?
convex   
25 May 2010
Real Estate / PLN 2,500 the going rate for an apartment in Poland [210]

at least YOU own that appt.. no?

You won't be able to cover expenses with the rent, and I think they are way way way overpriced for all the reasons mentioned earlier.

So you **** away 90k of liquid capital and chain yourself to 30 years of payments in exchange for a piece of property that you can rent for less money...and is in a market that is currently on the ass-end of a bubble.

With regards to gold, heard the same thing a year ago...

The big boys are building up their gold holdings... China, India, Japan... The worlds creditors are starting to lose interest in treasuries, which means they don't trust the ability of the currency to hold value, which means the paper is worthless.
convex   
25 May 2010
Real Estate / PLN 2,500 the going rate for an apartment in Poland [210]

This is like some impossible math problem...

There is an apartment for sale, same buildings, same street, except it's 52m2...415,000zl

Which is about "normal". Say you put 20% down in cash, about 90,000, and take a 30 year credit for the remainder. That puts your monthly payments for a smaller apartment than is advertised her at between 1900 and 2200 a month.

What a deal!

terrible idea at the moment.. the next bubble to pop.

It's a great idea. It's not an asset bubble, it's a safe haven from debt laden paper.

How the hell did we get here on an ad?
convex   
25 May 2010
Real Estate / PLN 2,500 the going rate for an apartment in Poland [210]

would any of you living abroad recommend buying an apartment in Poland, rent it out and try to manage it from across the ocean...?

Rental income will barely cover the mortgage (if at all). Buy gold, thank me for it in 5 years.