Law / The right to own guns: would you support such legislation in Poland? [2237]


I am,born in India to a Indian father to an American mother.

Life / What is Poland going to be like in the 2050s? [72]

If its like currently it is I think early 2000s,compared with South africa,except whites walking around.

Law / How much does the average Pole have in cash savings? [38]

[moved from]


Exactly,thats why I spread it.In Poland ,USA and...... everywhere safe:)

Real Estate / Getin Noble Bank / Dombank - it is possible to cancel mortgage agreement in CHF? [41]


Is the help free or for a cost?Banks I doubt are idiots who make you sign tons of paper work,I have never heard any one win.

Law / Maximum daily limit for international bank transfer to/out of Poland [11]

Last time I sent money in $,it took only 5/6 days from States in my account,didnt have any problems.That was in 2012 and the amount was 6 figures.

Real Estate / Getin Noble Bank / Dombank - it is possible to cancel mortgage agreement in CHF? [41]

More pain later will only be if the frank goes up and zlota falls.LOL less pain if the frank falls,but again who knows.I think those idiots deserve it.Just like in States 30 mil people lost houses cuz the idiots over extended.Got to have at least 1% idiots.

Real Estate / Getin Noble Bank / Dombank - it is possible to cancel mortgage agreement in CHF? [41]


How will that help?They still have to pay the bank in franks,re-financing only works when the interest rate is too high.

Real Estate / Poland - getting a tenant out (post-lease) [7]

maybe,My friend last week changed locks on 2 turks and a brit.

Real Estate / Poland - getting a tenant out (post-lease) [7]

I would not do the dirty work myself,let the ruskis handle it there way.

Real Estate / Poland - getting a tenant out (post-lease) [7]

dude that process is too long and tiring.If the electric is on your name get it shut,If that will not work then get some Ukranian/Russian/Armenians guys buy them vodka,throw them cpl of zlots and they will take care of the rest:)Thats what I did in 2007 in one residential I have.After that rent it to a American.I still have that tenant 13 years and raise rent 100 pln every year,is my best tenant who is never late even in these crucial times.

Real Estate / Getin Noble Bank / Dombank - it is possible to cancel mortgage agreement in CHF? [41]

I have taken loans,but those days if you put 30% or above down you could get no income verification loans as they were best for us being in cash businesses.I wonder if they still exist after the crash.

120% is a rip off because if the property value dont go up and you cannot sell it,how will you pay back.Bank is not a charity,they want to make money on you.More they will lend more they will make.Its so funny when people taking the loan say,oh ill pay it early,and then at closing the closing costs are increased in the States,while in Poland they slam you with pre payment penalties which are illegal in residentials in the States.I would never take a loan in Poland with fluctuating interest rates,you dont know what your mortgage will be next month even if its in PLN.

With current situation,banks will guranteed make deals with the creditors.lol instead of 30 years they can lower the payment and pay in 40 years,and the bank makes more money and also dont get the property in default.

News / How hard will Poland be hit by the economic crisis? [116]

lol and if you get the body of a PF member you dont like you can slow toast them:)

News / How hard will Poland be hit by the economic crisis? [116]


It depends where you are and you will be way cheaper then zabka etc.Set up is the main thing,I have never seen a walk in cooler here except in gas stations.They get those free coolers from pepsi,coke etc raising electric costs.I tell you go look at the zabka owner and see how stressed he is with a pen and a pad and will rarely have a talk with you and a private store owner who is standing chatting away.


At one time I was thinking into it and also have the brochures of cremating machines.Those days in 90s they were sending bodies to NY to cremate.They are not cheap .those days they were over 75k for the lowest model.

News / How hard will Poland be hit by the economic crisis? [116]

No you buy it cheaper.We ran a store in NJ for 22 years.Money is good.lol In Poland there are so many flats/households concentrated.1 store for couple of buildings is enough,where as in States to cater 250 household you need an area of around 5 miles.Still I see these guys dont know how to do business eg:Lottery,they will rent a place in a mall for 20k ,employ 3/4 employees just to freagin run the machine,but not in stores.I know a polish girl who was deported from states and she opened her zabka but couldnt work hard depended on employees they stole and she gave up.

News / How hard will Poland be hit by the economic crisis? [116]


No,Its the inventory shrinkage they ask for.Usually its in thousands.The employee theft is big issue in this game.Franchisee can only buy local produce and bread locally rest has to come from them including freaking napkins which is way over priced.

Like I said you are just a high priced manager.Franchisee thinks he owns the store and works hard like a dog while the company makes money.

@PolamKrakow: Attorney review means crap.When I signed my contract with Southland corp they told me to get attorney review.When my attorney mentioned lots of clauses they told me sorry thats what it is.I was all excited to own a 7/11 and I signed it.They even gave me 7 working day cooling of period to sign and re think there contract.I stole over 600k in 24 months for my investment and made a deal that I will hand over the store but they will not sue me.You definitely dont want to fight a big corp.Trust me its there way or highway.

News / How hard will Poland be hit by the economic crisis? [116]

Dude dont go for Zabka.Bad franchise.Its worse then 7/11.You are high priced manager thats all.Working yourself you might make 10/20k a month.I had a 7/11 but they took it away from me lol cuz i realised its a freaking leash on a loose dog. so I stole to take my investment out.If you want to,open your private one.Company controls your every freaking move and sells you the same thing that you can get in open market at 1/2 price.And dont forget the inventory shrinkage is on you which can be massive if you get a wrong employee,which is bound to happen.

Real Estate / Getin Noble Bank / Dombank - it is possible to cancel mortgage agreement in CHF? [41]

I remember Noble Bank offering 120% loan on the property value.But only idiots took took it without thinking that its a trap by the bank.I cant believe people didnt think that they have to pay back also.

News / How hard will Poland be hit by the economic crisis? [116]

Yeah,its tempting.I havent bought money in Poland for the last maybe 7 years or so,just play with what I make here.In States I was in a contract to buy Tim Hortons,but I backed out.Too risky to play now and better wait and see how the market flows.It will totally be a different world when this crap is over and will take a year at least.But I tell you Poles will not sell until they need money for food.Banks like in US will try to make a deal with defaulters then take the property.They might make the credit payable in 45 years then 30 years and lower the payments.

lol I just feel bad about all the good beer the restaurants will have to throw.Kegs and kegs.

News / How hard will Poland be hit by the economic crisis? [116]


In early 2000s it use to be 4.45 to 4,60.I wonder if it will pass that.If it does then not worth buying PLN.

News / How hard will Poland be hit by the economic crisis? [116]

You know what,When $ was 2 pln or less,people were all saying how USA is going down and while driving there I would think that all the new cars around would be dumped by the owners and they will walk away without paying for them.NO nothing of that kind happened.Only 30 mil people lost houses etc,then again who cares,we do have 10% not so bright financial planers so what>>>?We went back on track.Same goes with poles.Trust me my man there is no free lunch.

News / How hard will Poland be hit by the economic crisis? [116]

@BritboyBvd,which town are you talking about?In Warsaw 7k a Sqm never going to happen.Yes some towns like Bytom in Silesia,a friend of mine bought a 90 sq m for 112500pln.Poles living in Poland dont care about if currency falls,that is good only for a foreigner bringing money from out of the country.Your estimate of 60 to 80% fall in price is a dream never coming real.Residential sellers are worse sellers,they cling to every grolsh they can as they are on a budget already.Commercial ones are flexible still.

News / How hard will Poland be hit by the economic crisis? [116]

I believe you,this is Poland.It is so much fun when I shut up and listen to the agent or sellers sales pitch trying to screw a foreigner(not all but some).I tell you there is lots of opportunity here but I dont want to work hard anymore.80% of Mcdonalds franchisees are Ukranians in Poland.Ukranians are coming to Poland with lots of money here esp from Odessa.

News / How hard will Poland be hit by the economic crisis? [116]

lol so they were Italians not Poles.Poles will sit on it for years esp if it is paid off before reducing a dime.

News / How hard will Poland be hit by the economic crisis? [116]

I agree with you,but people have different thinking here.If you are looking for restaurant in Warsaw,I can show you 2 which are closed and for sale by owners,1 in Ochota & 1 in Mokotow,all ready and fully equiped.The owners got tired and just closed it,but will not change the price.They are in market for the last 3 years or so.Beautiful restaurants but the owners want the price they ask.I also bought one all ready to go and rented to a Korean restaurant(and sold them all fixtures for 40k) in Mokotov and paid only 7700 a sq m for fully furnished.

News / How hard will Poland be hit by the economic crisis? [116]


Yes,infact before 2006/8 most properties bought were in cash.Banks kicked in afterwards.


Yes,but those people might loose there property to komurnik,who will auction them off for the bank,and trust me I have been to those auctions in Poland and States,no newbees are entertained there.You might get a ******** of a property thats it,good ones of interest are taken by the old timers in the system.I think you are comparing the system to the one in States here,I tell you the mentality is totally different.Most people loosing properties usually have no equity in them and the bank wants the max out of it.

I have seen properties in market for over 8 years and the owners have not changed the price.They are sitting vacant with for sale sign on them.

News / How hard will Poland be hit by the economic crisis? [116]

I guess both.Getting my car serviced will be the least of an idea in this crazy time and exposure to China virus is scary.

News / How hard will Poland be hit by the economic crisis? [116]

Knowing Poles,coming here 20 years they will never sell at loss.Yes from developers you can get cheaper..Most of my tenants asked for 1/2 rent for April as they had already paid for March and I gladly agreed.Honestly if they even just paid spodzelnia and asked for whole month I would have agreed.I feel bad for them as most are restaurants and beauty salons and most are totally shut down.Even backhome in States I have been getting mails for 1/2 rent and I am agreeing.


There was no such thing in Poland then,prices were going up constantly even then.Poland has never seen a down trend in real estate price for the last 20 years that I know of and I doubt I will in near future.

News / How hard will Poland be hit by the economic crisis? [116]

Any prime locations,centrum etc.

News / How hard will Poland be hit by the economic crisis? [116]

Price will not go down of prime properties and some owners who had/have outrageous prices will still be asking the same.Some who are stuck with loans etc might want to cash out.Poles usually never cut price until they seriously need money.Yes developers will be in trouble with residentials thats why I stick to commercials.

News / How hard will Poland be hit by the economic crisis? [116]


@pawian
Urzad Skarbowy
Landlords.