hythorn
12 Dec 2011
Real Estate / Residential real estate values go down in Poland [455]
good points
the whole essence of doing this developing lark is to get paid as there is a lot of risk and aggravation in the business
If one is a developer and you are not going to get a return, don't build the bloody things.
He thinks new properties should be sold for less than it costs to build them, ie: around the 2,000 PLN m2 mark. He seems not to able understand that no developer is going to do this. We all wish that the brand new car we want to buy is going to be 10,000 PLN but that is not going to happen either, nor will you see petrol/diesel prices back down to 3 zloty per ltr (unless Poland has an oil field we do not know about).
good points
the whole essence of doing this developing lark is to get paid as there is a lot of risk and aggravation in the business
If one is a developer and you are not going to get a return, don't build the bloody things.