Real Estate /
Poland's apartment prices continue to fall [1844]
There are significant differences between buying property and consumables like clothes.
Again, you are very quick to jump in and give a negative comment without understanding what was said. My post refers to "what a % discount means". The figures used for any item can be manipulated. It can be raised so that any % reduction, looks greater than it really is. You are correct that consumables such as clothes are different from fixed assets such as houses or flats. But, do you know the "mark up" on clothes is around 200-300 %. so, taking this amount "70%" off, still leaves the retailer with a profit, even if the stock is out of fashion.
Fixed assets like property are fixed in place, cannot me transported and are entirely dependable on the value of the land they stand on.
Not quite true. If I put a wooden shed on 40 aras of land (cost of land 180,000 PLN) the value would be 185,000 PLN, if I build 12 apartments on the land, the value goes up to 3 million PLN. Even obtaining planning permission would virtually, double the value of the land. You should know this, everybody else does.
Nobody give a flying **** what you costs are as a developer,
Apart from the fact that your grammar is s*** again ("
you costs", must be that university education), where did I mention anything about my costs?
While you are questioning me, lets look at this post of yours.
I bought a farm (with a personal bank loan, which is nearly paid off) and gave it to my wife.
The statement you made here is untrue and misleading.
You could not buy a farm in your name as it is agricultural land, it would have to have been purchased in your wife's name. As a student nurse, her 500 per month salary would have excluded her from a mortgage, hence the need for you to take out a personal loan.
Your post 0n January 18th this year, " Is this Mortgage Equity Withdrawal? Anyone
go any (must be that university education) links to banks that offer this and the Polish terminology?" suggests that you think that you might be able to raise money on the "reverse equity scheme" proposed by the government/banks. Not possible for the same reasons you would not get a mortgage.
The monthly loan you pay on the "farm" (even if you are not living there) is an outgoing which you failed to mention to FUZZYWICKETS when replying to his question of how much your monthly mortgage cost, you only mentioned "is all that we pay, its about 450pln per month. Mostly the building repair fund (outside to be re-clad next year)". So this monthly payment (although you live in your wife's flat in Krakow) should be included as a cost for you living in Poland.
At least I do not lie in my posts. Your inexperience in most subjects shows. The old adage " It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt" maybe something you should consider.To lie well, you need a good memory.
