milky
1 Feb 2013
UK, Ireland / Is there actually anything cheaper in Poland than in UK? [51]
no
s there actually any great expense for a household in the UK that could change this ratio?
no
milky
1 Feb 2013
Real Estate / Astounded by the poor value of residential property here in Wroclaw [92]
The above is waffle of the highest degree
For 2500 pln in sydney you can get 75 beers in a nightclub.
The above is waffle of the highest degree
milky
1 Feb 2013
Real Estate / Astounded by the poor value of residential property here in Wroclaw [92]
or go abroad and quadruple your wages, like so many do.
And the reality is, that if you are going to be paying 2,500 złoty per month rent/admin/service charges for a two bed flat, you may as well take out a mortgage
or go abroad and quadruple your wages, like so many do.
milky
1 Feb 2013
Real Estate / Astounded by the poor value of residential property here in Wroclaw [92]
exactly, some people just don't see this reality.
exactly, some people just don't see this reality.
milky
1 Feb 2013
Real Estate / Astounded by the poor value of residential property here in Wroclaw [92]
A huge amount are renting from family or relatives at a significantly reduced price. Some simply inherited the flats, others just bought them straight out with 5 years of extreme saving on the UK etc. And!!!a lot of Poles are up to their necks paying the rent. They have second jobs just to cover the rent for their miserable sh1tty little box apartment. There is a similar problem in Romania, Bulgaria and other very poor EU countries.
They must be very lucky or very hard workers.
A huge amount are renting from family or relatives at a significantly reduced price. Some simply inherited the flats, others just bought them straight out with 5 years of extreme saving on the UK etc. And!!!a lot of Poles are up to their necks paying the rent. They have second jobs just to cover the rent for their miserable sh1tty little box apartment. There is a similar problem in Romania, Bulgaria and other very poor EU countries.
milky
1 Feb 2013
News / THE PARTYS OVER... NO MORE EUROS FOR POLAND'S ROADS [71]
I heard in Greece there are apartment blocks with the heating turned off, because the majority of inhabitants couldn't foot the bill; can you imagine!! this situation in a country that has -30,like........Poland.
The Russian bear to the rescue?
Poland shall be another Spain or Greece.
I heard in Greece there are apartment blocks with the heating turned off, because the majority of inhabitants couldn't foot the bill; can you imagine!! this situation in a country that has -30,like........Poland.
The Russian bear to the rescue?
milky
1 Feb 2013
Real Estate / Astounded by the poor value of residential property here in Wroclaw [92]
Same with where i come from.
a reality denied by many on PF
In the place I came from in the UK (in Yorkshire), you can rent a newly built, nicely furnished 2 or 3 bedroom house for 2200pln. You can buy a 2 bedroom house (in a not very interesting area near the city centre) for 350,000pln.
Same with where i come from.
That's the reality.
a reality denied by many on PF
milky
31 Jan 2013
Law / Poland's citizenship process - questions asked. Polish declaration Oaths? [18]
3 Can you drive in the middle of the road in Poland?
3 Can you drive in the middle of the road in Poland?
milky
31 Jan 2013
Real Estate / Astounded by the poor value of residential property here in Wroclaw [92]
That's why there are millions of Poles living abroad.
Absolutely stunned by the poor value. Pokey 2-room (1-bed) flats, 1300zł a month plus service charges of about 500zł plus metered energy
That's why there are millions of Poles living abroad.
milky
31 Jan 2013
Life / Washing machine in the bathroom of Poles [78]
yea it's a nightmare, beyond comprehension. When in a friends place(like this),the next morning; must go to McDonald's for a dump.
And what's with the bathroom window thing? There are even detached houses that don't have them.
yea it's a nightmare, beyond comprehension. When in a friends place(like this),the next morning; must go to McDonald's for a dump.
milky
31 Jan 2013
Life / Washing machine in the bathroom of Poles [78]
I have friends in Poland who have a shower in their kitchen.
I think the sh1tter should be as far away as possible from kitchen and sitting room, which is very often not the case in Poland. Then again they don't have a Guinness drinking culture here.
I have friends in Poland who have a shower in their kitchen.
I think the sh1tter should be as far away as possible from kitchen and sitting room, which is very often not the case in Poland. Then again they don't have a Guinness drinking culture here.
milky
31 Jan 2013
Work / I'M SO SURPRISED BY THIS SALARY FOR IBM in WROCLAW 3000 ZL gross [135]
Very true. Your estimation is correct.
The best example you have totally no clue about the reality in Poland, TOTALLY, as I said in another thread, you people should get out more often.
Very true. Your estimation is correct.
milky
29 Jan 2013
Real Estate / The current property boom in Poland is a bubble [342]
Because your unconscious mind is telling you something that is creating dissonance in your mind.
The theory of cognitive dissonance in social psychology proposes that people have a motivational drive to reduce dissonance by altering existing cognitions, adding new ones to create a consistent belief system, or alternatively by reducing the importance of any one of the dissonant elements.[1] It is the distressing mental state that people feel when they "find themselves doing things that don't fit with what they know, or having opinions that do not fit with other opinions they hold." [4] A key assumption is that people want their expectations to meet reality, creating a sense of equilibrium.
and as for bubble denial
Likewise, another assumption is that a person will avoid situations or information sources that give rise to feelings of uneasiness, or dissonance.[1]
Because your unconscious mind is telling you something that is creating dissonance in your mind.
The theory of cognitive dissonance in social psychology proposes that people have a motivational drive to reduce dissonance by altering existing cognitions, adding new ones to create a consistent belief system, or alternatively by reducing the importance of any one of the dissonant elements.[1] It is the distressing mental state that people feel when they "find themselves doing things that don't fit with what they know, or having opinions that do not fit with other opinions they hold." [4] A key assumption is that people want their expectations to meet reality, creating a sense of equilibrium.
and as for bubble denial
Likewise, another assumption is that a person will avoid situations or information sources that give rise to feelings of uneasiness, or dissonance.[1]
milky
29 Jan 2013
Real Estate / The current property boom in Poland is a bubble [342]
hahahahahahahahahaahahahahhaahahahah
before the bubble lol
saying that Poland is not set to show real signs of major slow down until 2035
hahahahahahahahahaahahahahhaahahahah
What are pre boom prices considered to be?
before the bubble lol
milky
29 Jan 2013
Real Estate / The current property boom in Poland is a bubble [342]
This woman is claiming prices will return to pre-boom prices.
This woman is claiming prices will return to pre-boom prices.
milky
21 Jan 2013
Real Estate / The current property boom in Poland is a bubble [342]
Bubble denial is slowly becoming less popular among the "it's different here brigade".
Bubble denial is slowly becoming less popular among the "it's different here brigade".
milky
20 Jan 2013
Real Estate / Poland's apartment prices continue to fall [1844]
hahaahahah not happening. Did you hear the news? Delayed to 2014 hahahah This will probably spoil your year.
Milky, this will probably spoil your Christmas
hahaahahah not happening. Did you hear the news? Delayed to 2014 hahahah This will probably spoil your year.
milky
20 Jan 2013
Real Estate / The current property boom in Poland is a bubble [342]
Yes, and with the Bulgarians and Romanians entering the UK market it will reduce chances of Poles getting work there and quadrupling their wages, all the signs are pointing to further prices drops and to a much lager extent than before,
The prices of houses in Poland are outrageous, unless they are in sh1te and in the middle of nowhere with zero chance of finding a job with livable wages.
The asking prices may be similar but the actual prices are significantly lower (17-20 %). Now with the scam grant gone offer 40% less.
It will be extremely difficult to find a new one.
Yes, and with the Bulgarians and Romanians entering the UK market it will reduce chances of Poles getting work there and quadrupling their wages, all the signs are pointing to further prices drops and to a much lager extent than before,
The prices do not look cheap to me -- GBP150K for a 140m2 house?
The prices of houses in Poland are outrageous, unless they are in sh1te and in the middle of nowhere with zero chance of finding a job with livable wages.
I couldn't swear to it but I seem to remember better value last time.
The asking prices may be similar but the actual prices are significantly lower (17-20 %). Now with the scam grant gone offer 40% less.
milky
20 Jan 2013
Real Estate / The current property boom in Poland is a bubble [342]
hahhahahahahhaah
For a family home- 3 bedrooms, between 14-20 times the most common wage in Poland.
well!at least she admits it.
Looks like the bandits/lobbyist failed with their bribing, as the Home grant has been basically cancelled; probably due to pressure from the IMF to cut on spending. Prices will go down much quicker now.
There is a huge difference between a steady decline and a bubble bursting
hahhahahahahhaah
I am sure it is less than 14.
For a family home- 3 bedrooms, between 14-20 times the most common wage in Poland.
And what industry doesn't depend on lies? Politics? Medicine? Sales? tell me, please.
well!at least she admits it.
Looks like the bandits/lobbyist failed with their bribing, as the Home grant has been basically cancelled; probably due to pressure from the IMF to cut on spending. Prices will go down much quicker now.
milky
18 Jan 2013
Real Estate / The current property boom in Poland is a bubble [342]
Yea , he was right, and a long way to go yet. The media and experts are claiming 10%(closer to the 15, I reckon) drop in 2013. Due to Polish remittance and bandit/ government developer grants, the bubble has been deflating slowly. Anyone who bought since 2007 is in negative equity or denial.
remittancesgateway.org/index.php/press-clippings/economic-news/945-polish-remittances-expected-to-hit-new-record-in-2011
as a small developer in london, with a personal interest in poland, i have followed the polish market for a while - but never invested in it.
the polish residential market is being driven by easy credit by the banks, usually in swiss franc, the banks usually have an interest in the construction companies, the banks also have customers all of which are looking for an easy way to make money- anyone see a pattern ?
the fundamentals in poland are not there, it does not have a strong economy, poverty is rife, wages are still low, the current property boom is a bubble- this bubble will burst
the polish residential market is being driven by easy credit by the banks, usually in swiss franc, the banks usually have an interest in the construction companies, the banks also have customers all of which are looking for an easy way to make money- anyone see a pattern ?
the fundamentals in poland are not there, it does not have a strong economy, poverty is rife, wages are still low, the current property boom is a bubble- this bubble will burst
Yea , he was right, and a long way to go yet. The media and experts are claiming 10%(closer to the 15, I reckon) drop in 2013. Due to Polish remittance and bandit/ government developer grants, the bubble has been deflating slowly. Anyone who bought since 2007 is in negative equity or denial.
remittancesgateway.org/index.php/press-clippings/economic-news/945-polish-remittances-expected-to-hit-new-record-in-2011
milky
17 Jan 2013
UK, Ireland / Why can't unemployed Polish people on benefits just leave UK and go home please? [240]
Exactly. Us Irish could well do with a few good looking genes.
Exactly. Us Irish could well do with a few good looking genes.
milky
16 Jan 2013
UK, Ireland / Why can't unemployed Polish people on benefits just leave UK and go home please? [240]
Why bother?
Well I'm going to answer you,
Why bother?
milky
13 Jan 2013
UK, Ireland / Polonization of Britain - Tipping Point Confirmed in 2011 Census [97]
A mass in Latin would be a good idea or half and half.
At the end of the day Poland is the country with major issues in relation to Multiculturalism, at least a member of the BNP was never given a high ranking position in a government, unlike a Nazi that was minister of education in Poland,quite recently.
A mass in Latin would be a good idea or half and half.
At the end of the day Poland is the country with major issues in relation to Multiculturalism, at least a member of the BNP was never given a high ranking position in a government, unlike a Nazi that was minister of education in Poland,quite recently.
milky
13 Jan 2013
milky
12 Jan 2013
Law / Forex Market in Poland [16]
Merged: Poland: clamping down on forex loans
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights.
Polish borrowers are about to lose one of the last vestiges of the long-gone real estate boom - the ability to borrow lots of money in a foreign currency.
The Polish Financial Supervision Authority (KNF) is preparing to throttle what little remains of forex lending later this year, limiting such loans only to people actually earning euros or Swiss francs.
Forex loans were enormously popular before the economic crisis in late 2008 ended a boom that began when Poland joined the EU in 2004. From 2006-2011, about 60 per cent of all new mortgages were denominated in foreign currency, largely Swiss francs, which were much more attractive than higher interest zloty loans.
for 190,000 mortgages over the last few years.
All that means more glum news for a battered real estate sector.
Merged: Poland: clamping down on forex loans
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights.
Polish borrowers are about to lose one of the last vestiges of the long-gone real estate boom - the ability to borrow lots of money in a foreign currency.
The Polish Financial Supervision Authority (KNF) is preparing to throttle what little remains of forex lending later this year, limiting such loans only to people actually earning euros or Swiss francs.
Forex loans were enormously popular before the economic crisis in late 2008 ended a boom that began when Poland joined the EU in 2004. From 2006-2011, about 60 per cent of all new mortgages were denominated in foreign currency, largely Swiss francs, which were much more attractive than higher interest zloty loans.
for 190,000 mortgages over the last few years.
All that means more glum news for a battered real estate sector.
milky
11 Jan 2013
Real Estate / Has the Poland real estate bubble popped? [12]
I would imagine with the economy in recession and predictions for 15 % unemployment in 2013, prices will drop more than 10% in many cities.
I would imagine with the economy in recession and predictions for 15 % unemployment in 2013, prices will drop more than 10% in many cities.
milky
11 Jan 2013
Real Estate / How are Poland's properties priced? [51]
I think the 7-8 billion $ in remittance each year will explain why their is such a "slow" deflation,but a definite on at the same time, and it is seriously speeding up in many s cities such as Poznan and Wroclaw.
. I can't see how prices can maintain these ridiculous levels.
I think the 7-8 billion $ in remittance each year will explain why their is such a "slow" deflation,but a definite on at the same time, and it is seriously speeding up in many s cities such as Poznan and Wroclaw.
milky
9 Jan 2013
UK, Ireland / Polish city that's moved to Britain [120]
It's a shame that this topic went completely off topic,and turned in to a tabloid tit for tat trash talk; then again, the article came from the Sun.
It's a shame that this topic went completely off topic,and turned in to a tabloid tit for tat trash talk; then again, the article came from the Sun.
milky
8 Jan 2013
UK, Ireland / Polish city that's moved to Britain [120]
It's the Neo-liberal agenda- The West don't want to admit that it was all a disaster and the Polish government are just lame ducks bowing to the market.
I hate the Sun but Lodz is focked even more so than other cities in POLAND.
Its in the Govs interest to keep the numbers low, as they really made a mistake with this one.
It's the Neo-liberal agenda- The West don't want to admit that it was all a disaster and the Polish government are just lame ducks bowing to the market.
I hate the Sun but Lodz is focked even more so than other cities in POLAND.
milky
7 Jan 2013
Real Estate / Poland's apartment prices continue to fall [1844]
So you admit they crashed in other cities in Poland??
The one area that you want to buy into and the prices have not crashed.
So you admit they crashed in other cities in Poland??