wielki pan
21 Jan 2012
Real Estate / Residential real estate values go down in Poland [455]
news to me, please explain?
Even the oil industry admits that climate change is man-made.
news to me, please explain?
wielki pan
21 Jan 2012
Real Estate / Residential real estate values go down in Poland [455]
Well Mr D where do I start, firstly you reasoning is that of those snotty nosed communists who governed Poland in the 70's, only a small percentage of people can do well in Poland that's why so many people went to the west for a better lifestyle, one of the benefits of living in a democratic country is that people can survive on a basic wage without the need to work overtime, you may want to work all day and night but don't impose this on other people who want to have a quality lifestyle. One of the main reason why you were successful (and others moving to Poland) was the fact that you were able to use saved income as opposed to the average pole who struggle week by week to make ends meet and had nothing. Secondly Mr D to understand the housing market in Poland you need to know what happened in Poland in the 80's and post communist times. You say poles had a lot of zlote but had nothing to spend it on, some poles had money, most had nothing. You also forget the pewex stores where everything was available, interesting enough the zlote is still worthless outside of Poland. You don't understand that the US dollar was the de facto currency in Poland in those times, 2 rates of payments for locals and ones from people from the west for example if you stayed at a hotel a local would pay in zlote and a tourist in US dollars, this would translate in a local paying 1$ a night to a tourist paying 100$.
D its sometimes very hard for a person with a full stomach, cigar in one hand and a fist load of dollars in the other understand the plight of somebody who has nothing.
Well Mr D where do I start, firstly you reasoning is that of those snotty nosed communists who governed Poland in the 70's, only a small percentage of people can do well in Poland that's why so many people went to the west for a better lifestyle, one of the benefits of living in a democratic country is that people can survive on a basic wage without the need to work overtime, you may want to work all day and night but don't impose this on other people who want to have a quality lifestyle. One of the main reason why you were successful (and others moving to Poland) was the fact that you were able to use saved income as opposed to the average pole who struggle week by week to make ends meet and had nothing. Secondly Mr D to understand the housing market in Poland you need to know what happened in Poland in the 80's and post communist times. You say poles had a lot of zlote but had nothing to spend it on, some poles had money, most had nothing. You also forget the pewex stores where everything was available, interesting enough the zlote is still worthless outside of Poland. You don't understand that the US dollar was the de facto currency in Poland in those times, 2 rates of payments for locals and ones from people from the west for example if you stayed at a hotel a local would pay in zlote and a tourist in US dollars, this would translate in a local paying 1$ a night to a tourist paying 100$.
D its sometimes very hard for a person with a full stomach, cigar in one hand and a fist load of dollars in the other understand the plight of somebody who has nothing.
wielki pan
20 Jan 2012
Real Estate / Residential real estate values go down in Poland [455]
Mr D, thanks for your comments but I beg to differ on many points, firstly my auntie was offered a flat approx 35sq metres in the main street, of Gdnia, she showed me the paper work and I'm almost certain it was for 970 US dollars, that was in the early 80's, the place is probably now worth approximately 350,000 zl... The only way she was able to buy the flat was to ask a relative who was living overseas, In the 80's Poland was in dire need of US currency, you may remember that when a person was visiting Poland he would have to pay up front US dollars for every day he has in the country, he would in turn receive 35/60 zlote for one US dollar, as he entered Poland he has harassed by money traders who would offer him 400/600 zlote for one US dollar, Drunks would approach you to change 1 dollar so they could go to the Pewex Shop and buy vodka, which was cheaper in that store than in a Polish Shop for zlote (the cost was 1 dollar for half a litre) Now the point I was making is that most Poles could not afford to pay a high price for a flat so 970$ seemed to form a bench mark, remember foreigners were not allowed to buy real estate etc. So please don't say local Poles got flats for peanuts, must couldn't afford to pay for them anyhow. Remember also that the local authorities had no money to maintain these flats so it was in there best interest to give them back to the public. One other point is that those flats which hold thousands of people are in fact worth nothing as it has no real estate value (minimal) and all they worth is a few bricks and a few windows.
Actually - they weren't. There were plenty of flats that were privately owned during Communism - many of the "Spoldzenia MIeszkanowa" type flats were bought upon construction. The real problem is - as I said - the younger generation is priced out of the market by a squeeze of those with foreign income and older people who are inheriting flats.
Mr D, thanks for your comments but I beg to differ on many points, firstly my auntie was offered a flat approx 35sq metres in the main street, of Gdnia, she showed me the paper work and I'm almost certain it was for 970 US dollars, that was in the early 80's, the place is probably now worth approximately 350,000 zl... The only way she was able to buy the flat was to ask a relative who was living overseas, In the 80's Poland was in dire need of US currency, you may remember that when a person was visiting Poland he would have to pay up front US dollars for every day he has in the country, he would in turn receive 35/60 zlote for one US dollar, as he entered Poland he has harassed by money traders who would offer him 400/600 zlote for one US dollar, Drunks would approach you to change 1 dollar so they could go to the Pewex Shop and buy vodka, which was cheaper in that store than in a Polish Shop for zlote (the cost was 1 dollar for half a litre) Now the point I was making is that most Poles could not afford to pay a high price for a flat so 970$ seemed to form a bench mark, remember foreigners were not allowed to buy real estate etc. So please don't say local Poles got flats for peanuts, must couldn't afford to pay for them anyhow. Remember also that the local authorities had no money to maintain these flats so it was in there best interest to give them back to the public. One other point is that those flats which hold thousands of people are in fact worth nothing as it has no real estate value (minimal) and all they worth is a few bricks and a few windows.
wielki pan
18 Jan 2012
Real Estate / Residential real estate values go down in Poland [455]
[quote=delphiandomine]Exactly. As it stands - the nephew can give Babcia a small amount of cash, she can buy the flat - and the nephew can sell it for a handsome profit once Babcia dies. An utter joke in every sense of the word - especially with young people struggling to buy accommodation. I have no issue with Babcia staying there, but when she goes, the flat should return to the State - and - crucially - be awarded not only on the basis of need, but also the basis of deserving.
Mr D, firstly you have a very simplistic opinion view on housing problems in Poland, secondly your belief of state control smell of returning to the bad days of the 50's. Babcia purchased her property at market value of that time, to Westerners this was peanuts. The real problem with the price of homes is the fact that people from the West (people like yourself) bought properties at inflated prices and these prices have set a bench mark, in reality this bench mark is artificial and unrealistic as compared to average wages, this also reflects the high price of renting. Poles for a generation were forced to rent from the state and now want to be home owners overnight, this is not going to happen, it will take a generation to advance from renting to owning and Poles need to take a reality pill to get to grips with this. Germany has a high percentage of people who rent. May I suggest people start with the purchase of a small apartment and then think about upgrading if and when they can afford it. The more people from the west enter the Polish Real Estate market the harder it will be for locals to purchase housing.
[quote=delphiandomine]Exactly. As it stands - the nephew can give Babcia a small amount of cash, she can buy the flat - and the nephew can sell it for a handsome profit once Babcia dies. An utter joke in every sense of the word - especially with young people struggling to buy accommodation. I have no issue with Babcia staying there, but when she goes, the flat should return to the State - and - crucially - be awarded not only on the basis of need, but also the basis of deserving.
Mr D, firstly you have a very simplistic opinion view on housing problems in Poland, secondly your belief of state control smell of returning to the bad days of the 50's. Babcia purchased her property at market value of that time, to Westerners this was peanuts. The real problem with the price of homes is the fact that people from the West (people like yourself) bought properties at inflated prices and these prices have set a bench mark, in reality this bench mark is artificial and unrealistic as compared to average wages, this also reflects the high price of renting. Poles for a generation were forced to rent from the state and now want to be home owners overnight, this is not going to happen, it will take a generation to advance from renting to owning and Poles need to take a reality pill to get to grips with this. Germany has a high percentage of people who rent. May I suggest people start with the purchase of a small apartment and then think about upgrading if and when they can afford it. The more people from the west enter the Polish Real Estate market the harder it will be for locals to purchase housing.
wielki pan
17 Jan 2012
Real Estate / Residential real estate values go down in Poland [455]
D thats a pretty harsh comment to make, to be honest I agree with cms, if you don't live in Warsaw you going to firstly find it hard to get a high paying job and most of Poland is made up of small towns, if a couple could muster up say 4000zl a month, take out living costs, rent etc and I doubt if you would have much change. To borrow 300,000zl would be a suicidal as monthly repayments would be in the range of 3000zl. All said and done why is there so much obsession about home ownership as people in other countries rent, take Germans for example.
Much of the problem is due to people wanting only the best and not being willing to work hard enough to get it.
D thats a pretty harsh comment to make, to be honest I agree with cms, if you don't live in Warsaw you going to firstly find it hard to get a high paying job and most of Poland is made up of small towns, if a couple could muster up say 4000zl a month, take out living costs, rent etc and I doubt if you would have much change. To borrow 300,000zl would be a suicidal as monthly repayments would be in the range of 3000zl. All said and done why is there so much obsession about home ownership as people in other countries rent, take Germans for example.
wielki pan
10 Jan 2012
Real Estate / Residential real estate values go down in Poland [455]
Assuming that your flat is now worth 350,000zl and thats a big IF... 200,000zl over a 11 year period is nothing to write home about. (I wonder how much the tax man got and other costs not to mention the stress factor)
The flat is 50sqm, in a reasonable area, 4km from centre of a big town. bought in 2001 for 150.000
Assuming that your flat is now worth 350,000zl and thats a big IF... 200,000zl over a 11 year period is nothing to write home about. (I wonder how much the tax man got and other costs not to mention the stress factor)
wielki pan
10 Jan 2012
News / Polish prosecutor 'shoots self after news conference' [93]
D when you see the video and hear his introduction its a pretty poor reflection of what is truth, to me he was saying that he was loyal to the military and wasn't going to say anything bad...Polish people would prefer to know the truth..I suppose being loyal is the price you pay when you have higher rank in the military.
Personally, I'd have loved it if he admitted that the military was in a shocking state
D when you see the video and hear his introduction its a pretty poor reflection of what is truth, to me he was saying that he was loyal to the military and wasn't going to say anything bad...Polish people would prefer to know the truth..I suppose being loyal is the price you pay when you have higher rank in the military.
wielki pan
10 Jan 2012
News / Polish prosecutor 'shoots self after news conference' [93]
[quote=delphiandomine]Suicide (in their minds) might very well be better than being sacked in disgrace.
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He should have come out and told the truth, he would then become a national hero..
[quote=delphiandomine]Suicide (in their minds) might very well be better than being sacked in disgrace.
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He should have come out and told the truth, he would then become a national hero..
wielki pan
10 Jan 2012
News / Polish prosecutor 'shoots self after news conference' [93]
Now thats a tall comment Mr D... do you know something we don't...to me its another sign of corruption and as always the mighty dollar lurking in the background...
Given that Smolensk exposed a culture of sloppiness, half-heartedness and general incompetence - I'm not surprised that military guys saw suicide as a realistic option.
Now thats a tall comment Mr D... do you know something we don't...to me its another sign of corruption and as always the mighty dollar lurking in the background...
wielki pan
7 Jan 2012
Life / Automobiles vs. Pedestrians in Poland [77]
Whereas I agree that roads and vehicle play a important part in reducing road accidents, zero tolerance by the Police would also help, road deaths in advanced countries have decreased due the skill of ambulance and high level of care at hospitals....I do think Polands level of a ambulance and hospital care is that crash hot! (no pun intended)
Their studies shows that the first two criteria are the cause of only 10% of all accidents or collisions. According to them the most common causes of accidents are speeding, alcohol, bravado. Source (Polish only).
Whereas I agree that roads and vehicle play a important part in reducing road accidents, zero tolerance by the Police would also help, road deaths in advanced countries have decreased due the skill of ambulance and high level of care at hospitals....I do think Polands level of a ambulance and hospital care is that crash hot! (no pun intended)
wielki pan
31 Dec 2011
Real Estate / Property taxation in Poland and inheritance (obligated by law to pay)? [32]
what utter nonsense, the fact remains that property investments is the most secure form of investment, sure there may be a down side but that's the nature of the investment, to rely of currency fluctuations is to open a new can of worms, I've know people who were set on fire at the thought of dealing with the currencies market that they are now either bankrupt or with there maker as the stress was too much, you my good sir are in the same boat if you continue with such nonsense.
If I was in Par's shoes I would sell up sooner rather than later, and certainly not hold out hope for a second Polish housing boom.
what utter nonsense, the fact remains that property investments is the most secure form of investment, sure there may be a down side but that's the nature of the investment, to rely of currency fluctuations is to open a new can of worms, I've know people who were set on fire at the thought of dealing with the currencies market that they are now either bankrupt or with there maker as the stress was too much, you my good sir are in the same boat if you continue with such nonsense.
wielki pan
31 Dec 2011
Real Estate / Property taxation in Poland and inheritance (obligated by law to pay)? [32]
Doubt if this would occur for a few good years. The US dollar has always been around the 3zl mark, no matter how good the economy is in Poland this will not change. In the short term Poland will look to having increased unemployment.
), but we might see a 25% gain in the zloty within a year if they fix the euro.
Doubt if this would occur for a few good years. The US dollar has always been around the 3zl mark, no matter how good the economy is in Poland this will not change. In the short term Poland will look to having increased unemployment.
wielki pan
31 Dec 2011
Real Estate / Property taxation in Poland and inheritance (obligated by law to pay)? [32]
Your talking like a cowboy real estate agent ready to take advantage of somebody who hasn't accessed accurate information, firstly you don't know where and the condition of the apartment, it may be in a perfect location and well maintained. Best advice would be to let it out to family or friends at a norminal price (cover all costs) and wait till the real estate market takes on.. could be a wrong decision to sell just now.
What do you base your assumption on Par, Polish real estate prices are on their way down I do not see any fundamental reason for real estate prices to rise quite a bit over the next 2-3 years.
Your talking like a cowboy real estate agent ready to take advantage of somebody who hasn't accessed accurate information, firstly you don't know where and the condition of the apartment, it may be in a perfect location and well maintained. Best advice would be to let it out to family or friends at a norminal price (cover all costs) and wait till the real estate market takes on.. could be a wrong decision to sell just now.
wielki pan
30 Dec 2011
Real Estate / Residential real estate values go down in Poland [455]
You may be right but 99.99% of real estate advisers would disagree...
Exactly house prices are NOT in fact determined by the balance of supply and demand, but by how much money lenders are willing to lend
You may be right but 99.99% of real estate advisers would disagree...
wielki pan
27 Dec 2011
Real Estate / Residential real estate values go down in Poland [455]
Milky are you involved in the Real Estate business or just a investor?
Ireland and Britain atm are far better investments than Poland
Milky are you involved in the Real Estate business or just a investor?
wielki pan
27 Dec 2011
Real Estate / Residential real estate values go down in Poland [455]
Yes, I would love to know what the profit margins are in new homes? Mr D like in every country I predict property prices to fall in 2012, Poland is a bit of a wild card in the sense that wages are too low to access real property, sure if a 32sq metre flat satisfies your need, that's about it, The problem with stats and figures is that because a property sells for a lot of money, people jump on the bandwagon and say all properties are worth the same amount, a lot of properties are purchased by foreigners who can afford to pay a inflated price. Another problem facing housing prices is the predicted unemployment levels in Poland and people returning to Poland from UK/Ireland due to lack of work. I can only conclude by saying that housing is out of reach by most Poles, but still attractive for foreign buyers...further once the Chinese get access to the Polish market they will buy up all the prime locations...(this they are doing now in other countries)
It would be interesting to compare the selling prices of 'new' properties vs older properties, actually
Yes, I would love to know what the profit margins are in new homes? Mr D like in every country I predict property prices to fall in 2012, Poland is a bit of a wild card in the sense that wages are too low to access real property, sure if a 32sq metre flat satisfies your need, that's about it, The problem with stats and figures is that because a property sells for a lot of money, people jump on the bandwagon and say all properties are worth the same amount, a lot of properties are purchased by foreigners who can afford to pay a inflated price. Another problem facing housing prices is the predicted unemployment levels in Poland and people returning to Poland from UK/Ireland due to lack of work. I can only conclude by saying that housing is out of reach by most Poles, but still attractive for foreign buyers...further once the Chinese get access to the Polish market they will buy up all the prime locations...(this they are doing now in other countries)
wielki pan
24 Dec 2011
Real Estate / Residential real estate values go down in Poland [455]
The news on falling prices just keeps on getting worse...
thenews.pl/1/12/Artykul/81024,Housing-prices-falling-in-Poland
The housing market is seeing a continued decline in the prices of apartments. In November 2011, the average decrease for the 15 major cities was 1.5%, according to a reported prepared by Szybko.pl, Metrohouse and Expander
The news on falling prices just keeps on getting worse...
thenews.pl/1/12/Artykul/81024,Housing-prices-falling-in-Poland
wielki pan
18 Dec 2011
Real Estate / Residential real estate values go down in Poland [455]
Pip if you were doing it to zero in on the Canadian market I would agree, poles have a different mentality, they look at it differently (things may change in the future) for the Polish market, do a place up and you will get the same as if it was in its original state...I agree with you about Polish real estate agents though, there absolutely shockers!
I can totally see a house for its potential- not its current state
Pip if you were doing it to zero in on the Canadian market I would agree, poles have a different mentality, they look at it differently (things may change in the future) for the Polish market, do a place up and you will get the same as if it was in its original state...I agree with you about Polish real estate agents though, there absolutely shockers!
wielki pan
17 Dec 2011
Real Estate / Residential real estate values go down in Poland [455]
ll
lol you must be involved in the real estatate business....get back to homes around the
35 m ... those other homes are reserved for the foolish...
here is a sample- this link is a staged home
ll
lol you must be involved in the real estatate business....get back to homes around the
35 m ... those other homes are reserved for the foolish...
wielki pan
16 Dec 2011
Real Estate / Residential real estate values go down in Poland [455]
Pip come on, a 35m apartment is only fit for a chook shed, I see you are easily pleased..
there still is no bubble and 35m2 have always sold
Pip come on, a 35m apartment is only fit for a chook shed, I see you are easily pleased..
wielki pan
16 Dec 2011
Real Estate / Residential real estate values go down in Poland [455]
you mean a economic black cloud...no one wants to speak gloom and doom for obvious reasons, but when you speak to financial expects privately most agree a severe downturn is on the horizons....may not have a severe impact on Polish real estate as Poles don't sell at bargain basement prices, developers may have to wear the brunt..The government may have to cut spending etc....people on fixed income ie pensioners will have it hard..
There are some interesting economic phenomena around the corner and we could all be surprised
you mean a economic black cloud...no one wants to speak gloom and doom for obvious reasons, but when you speak to financial expects privately most agree a severe downturn is on the horizons....may not have a severe impact on Polish real estate as Poles don't sell at bargain basement prices, developers may have to wear the brunt..The government may have to cut spending etc....people on fixed income ie pensioners will have it hard..
wielki pan
14 Dec 2011
Real Estate / Residential real estate values go down in Poland [455]
Thats correct.... People who brought expensive homes say two years ago have certainly got their fingers burnt...30% plus and worse to come....if a person invested his 1m$ for the two years it would be 30% plus... The dollar 2 years ago was about 2.82 now its 3.50.
If you have got euros to invest today, taking into consideration that the average EUR/PLN was about 3.80-1 over the last 2-3 years. At Euro/PLN 4.6-1 plus the decrease in prices 10-12% you are already close to - 30%.
Thats correct.... People who brought expensive homes say two years ago have certainly got their fingers burnt...30% plus and worse to come....if a person invested his 1m$ for the two years it would be 30% plus... The dollar 2 years ago was about 2.82 now its 3.50.
wielki pan
1 Nov 2011
Law / Buying a USED CAR in Poland, my personal experiences and TRAPS to avoid !! [133]
Could start with a bit of self education, don't deny that there are a lot of cut and paste cars on the market, but you don't need a science degree to work out which ones they are, if you can't well there probably OK, you pay for what you get, a lot of people buy cars for say 5000zl at places like komis and then cry foul when they find out the car is a dud. A lot of car yards are under licence and need to comply with the customer service charter of the company they represent. I wouldn't expect too much when buying a cheap car, like real estate there a no bargains when buying a good motor car.
i certainly could write a book about it :-)
Could start with a bit of self education, don't deny that there are a lot of cut and paste cars on the market, but you don't need a science degree to work out which ones they are, if you can't well there probably OK, you pay for what you get, a lot of people buy cars for say 5000zl at places like komis and then cry foul when they find out the car is a dud. A lot of car yards are under licence and need to comply with the customer service charter of the company they represent. I wouldn't expect too much when buying a cheap car, like real estate there a no bargains when buying a good motor car.
wielki pan
26 Oct 2011
News / Will Poland be badly hit by Recession ? I don't think so. [70]
[quote=LwowskaKrakow]70 000 euros a year for a public librarian!
please provide the facts
[quote=LwowskaKrakow]70 000 euros a year for a public librarian!
please provide the facts
wielki pan
26 Oct 2011
News / Will Poland be badly hit by Recession ? I don't think so. [70]
poland is more stable than those countries, in time that will change.
because Modlavia Romania Bulgaria have even cheaper labour costs.
poland is more stable than those countries, in time that will change.
wielki pan
26 Oct 2011
News / Will Poland be badly hit by Recession ? I don't think so. [70]
Love to say your right but in every recession every country will suffer, for Poland well...the poor for number 1, unemployment, prices like real estate will go down... less business activity, work out the rest... A lot of foreign companies are moving to Poland.. I hazard a quess and say cheap labour is one of the reasons.. Governments will have less money and would have cutbacks in spending...I would hate to know how much debt Poland has, especially to the EU...
Of course poverty still exists and some people are struggling too in parts of Poland which has no economic boom but all in all Poland will be ok
Love to say your right but in every recession every country will suffer, for Poland well...the poor for number 1, unemployment, prices like real estate will go down... less business activity, work out the rest... A lot of foreign companies are moving to Poland.. I hazard a quess and say cheap labour is one of the reasons.. Governments will have less money and would have cutbacks in spending...I would hate to know how much debt Poland has, especially to the EU...
wielki pan
25 Sep 2011
Real Estate / Cost to build in Eastern Poland - Ideally per m2 [71]
thats sums it up, yeah....what do you call a shark though???
A happy builder is a good builder.
thats sums it up, yeah....what do you call a shark though???
wielki pan
23 Sep 2011
Real Estate / Cost to build in Eastern Poland - Ideally per m2 [71]
Not as bad as it was many years ago Mr D, don't forget people built there own homes on cheap labour (few bottles of vodka) and sometimes used stolen materials etc. Things have tightened up especially with regard to getting permits and inspections. I wonder how construction companies arrive at a figure of 5000zl a metre, not withstanding it takes a average person 2 months to get this sort of money.
Poland is an utter disaster in this respect.
Not as bad as it was many years ago Mr D, don't forget people built there own homes on cheap labour (few bottles of vodka) and sometimes used stolen materials etc. Things have tightened up especially with regard to getting permits and inspections. I wonder how construction companies arrive at a figure of 5000zl a metre, not withstanding it takes a average person 2 months to get this sort of money.
wielki pan
20 Sep 2011
News / Should Poland leave the EU institution? [147]
trade in what? China is the new player in this field who will trade in anything. The big issue is that Poland will have to repay its debts and thats the catch 22 situation, this would leave Poland bankrupt and a new Greece.
Poland would stand to lose a fair bit of trade through leaving the EU though other arrangements exist.
trade in what? China is the new player in this field who will trade in anything. The big issue is that Poland will have to repay its debts and thats the catch 22 situation, this would leave Poland bankrupt and a new Greece.
wielki pan
20 Sep 2011
Real Estate / Cost to build in Eastern Poland - Ideally per m2 [71]
I suppose the poor just use old bed sheets or leave exposed windows. I just might qualify the cost of building, in that you can use cheap stuff or five star quality things.
i've never noticed many folk here bother with quality drapes. must be an english thing
I suppose the poor just use old bed sheets or leave exposed windows. I just might qualify the cost of building, in that you can use cheap stuff or five star quality things.