kcharlie
24 Dec 2012
Law / Poland economy is slowing down - how does it affect you? [117]
I stand to gain from the slowdown if it causes a significant reduction in prices in the still overvalued property market. I'm still outpriced of the London market (i.e. I don't plan on slaving away for years to pay off a huge mortgage or buying-to-let and risking interest rates going up with my investment being repossessed due to the rent not covering the mortgage payment) so I intend on moving to Poland permanently and purchasing some property to rent it out to generate a low-risk passive income sufficient to live comfortably without working too hard.
I stand to gain from the slowdown if it causes a significant reduction in prices in the still overvalued property market. I'm still outpriced of the London market (i.e. I don't plan on slaving away for years to pay off a huge mortgage or buying-to-let and risking interest rates going up with my investment being repossessed due to the rent not covering the mortgage payment) so I intend on moving to Poland permanently and purchasing some property to rent it out to generate a low-risk passive income sufficient to live comfortably without working too hard.