Real Estate /
PLN 2,500 the going rate for an apartment in Poland [210]
In Scotland I rent a 3 bedroom place in a very desirable area back and front garden. Bills included it costs me only £350 a month. A lot cheaper than it would in Poland. That's what is fecked up.
Scotland? ever looked at a map, especially a population density map? Scotland is a long way from anywhere and very lightly populated, of course its cheap to rent or buy. Northern Sweden is even cheaper - vast amount of empty space,
My GF apartment is a 70m two bed, communistic built block 10mins walk from the main square. She rented each room out for 1000pln per month to couples or pairs of girls. Previously she used the third room to live in as well. This is for an unmodernised apartment with 40 year old furniture. She has never had trouble getting willing tenants, its the location.
We are modernising it now and expect to obtain 2500 pln per month once completed (we will share it with new tenants).
This is why I am in favour of the Swedish system. Where you can get credit for over 150 years. They buy houses with the intent that when they move their children will take over the payments and therefore be able to afford to live a decent life.
The only reason you would need 150 year mortgage is if prices were so high because lenders gave you a 150year mortgage. Easy credit is the reason why house prices are so expensive, how much did houses cost when you could not get a mortgage? about the same as an average wage. When banks lend you 5-10 times your wage, that is how much your house will cost; if they lent you 100 times earning the houses would cost that much.
You would spend your life and more paying the bank interest and they would get the house back when you inevitable defaulted. Banks cannot lose.
