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Posts by polishinvestor  

Joined: 28 Dec 2015 / Male ♂
Last Post: 24 Aug 2018
Threads: 1
Posts: 361

Displayed posts: 362 / page 4 of 13
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polishinvestor   
17 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

Mental illness is subjective. They try to, but you cant quantify if with tests and numbers. Its comes in shades. So where is the cut off. Its funny how often we are expected just to believe things that another person has told us.
polishinvestor   
17 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

Amazing that some individuals would want to leave the world's largest trading bloc and potentially impoverage themselves.

Thats your opinion. I put my money where my mouth is for 20 years in business, UK and Europe, and I say you are wrong. Majority of people living in the UK will benefit if the exit is handled even half correctly. Large corporations stand the most to lose on Brexit, thats why you have seen them fight the remain corner. Europe talks about further integration, but they have had the chance to make the EU equal and fair for all members, granting the same rights to all members. But they have not done this. So it is to be expected that various national parties and citizens are disgruntled and are looking to back away.
polishinvestor   
17 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

Face to face maybe, but most are ready to double cross each other and stab each other in the back to get ahead. Complete opposite to the Indian community and there mentally to help one another. Either way, these meetings at the club and weekly church visits are just an excuse for most to look at what others are wearing and gossip about those that arent present.
polishinvestor   
17 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

Twenty years ago the likes of Mair would have been locked up and kept away from the public and this would not have happened. A mix of too much political correctness and human rights (much brought on by the EU) is the cause of incidents like this. The everyones a winner society is too costly to run indefinitely.
polishinvestor   
16 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

Half of the US doesnt even know where the UK is, let alone understand the differences between the UK and Europe.
As for the shooting theres a danger it will draw the sympathy vote, certainly the markets have adjusted slightly to the event. The swing and momentum has been with the leave side until now. But the vote is still a week away, so still plenty of stories to swing the vote either side.
polishinvestor   
16 Jun 2016
Life / 500zl banknote returns to Poland [10]

Most of the globe is going the opposite way. The 500 euro note is to be abolished as is the 50 pound note in the UK. However, in order to help criminals, the 500 zloty note is a good idea. I suppose Poles are still very cash orientated and do make large purchases using cash, not trusting the counterparty (hence za pobraniem deliveries and lack of cheques in banking system). But really the criminals will be popping champagne corks on hearing about this.
polishinvestor   
15 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

There has been a big swing in polls recently favouring leave by between a point and a few (JP Morgan avgs 1.4pt lead), but usually right before the vote you get a consolidation for the status quo. So while ahead, leave still need about another 5pts in the polls across the board to win the vote.

Risky assets such as cee bonds are being sold and money switched to deemed safer assets such as german bonds and treasuries. Its been suggested by some that UK leaving could spell the end for the UK. I wouldnt go that far, but it would put a stop to the uneven integration that they have been pursuing where some are more equal and have better privledges than others.
polishinvestor   
15 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

The ruling conservatives are in large eurosceptics, have been since Thatcher, so that certainly wont be the case. Labour has been seen in the past to show a bit more love for europe but have been very quiet during this campaign. Corbyn, the leader, has been very subdued. Former leader and Prime Minister Gordon Brown was seen speaking recently, backing the remain side. The media jumped on this as a panic move by David Cameron. Two things here. Turning to a former foe smacks of panic. Secondly, why not bring in Corbyn? It appears either Corbyn wants an exit from europe, or its a ploy to win the next general election, whenever it may be. The conservatives are in danger of tearing themselves apart with big players arguing out Brexit. It could well be labour sees sense in saying nothing, backing neither side. But a lot of labour supporters are wondering what the party line is on europe as Corbyn is very leftist so not immediate clear.
polishinvestor   
15 Jun 2016
Real Estate / Polish Bank - Mortgage in Foreign Currency [2]

Its going to be very difficult. Banks have got/will get burnt on foreign currency loans and are unwilling to provide them any more, thats the official line. But while the zloty is weak it makes no sense for any bank to give you a loan in eur or chf as there is maybe 20% upside for chf but a 50% downside on a 10 year time frame. Not a risk/reward ratio a bank can accept.
polishinvestor   
15 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

majority of the population who are against this can't do much about it

We are talking about a referendum result here, not just views. Its an important distinction. Its would be the same as Trump winning the election and then Obama saying he will stand down but hand the reins to Clinton rather than him. These things dont happen in the UK, nor the US for that matter.

In Poland both sides fail to fulfill promises, then the public votes for the other side after a term or two. Sadly its Polish nature to line ones pockets first, however full these pockets are in the first place. Non of their politicians can be trusted with that in mind.
polishinvestor   
15 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

You dont seriously suggest that any party that would go against the wishes of a voting majority would have any chance in getting voted in during the following election?

In any case its a trivial point as it wont happen. The result will be respected whatever it is.
During the two day extension, nearly half a million registered to vote. A high turnout is said to benefit the remain, although to me thats not immediately clear, as the leave side is the more activist and likely to vote come hell or high water.
polishinvestor   
14 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

Are you American by any chance?

No, British born and bred. Of course the main parties wont disappear. I was just taking on jon's argument if they went against the vote of the people, they would be done for the next couple of elections at least. But its a non starter as I say. There may be some changes on deck, some heads may roll, some may fall on sword, but if brexit voted, thats the line they will be forced to follow. Otherwise you can forget governing. Its not a banana republic. You can get away with not introducing free bus passes from your mandate, but going against such a crucial vote gives you a half life longer than most radioctive waste. Untouchable.

Remember what happened in Ireland with the Lisbon treaty

And there was Denmark too. But the situation is different in the UK, the government here is less europhile and the public much less so as the vote is likely to prove. And then there are the problems within the EU itself which have manifested since then.
polishinvestor   
14 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

Maybe I was unclear, those going against the verdict of the vote or promoting taking an opposite avenue would likely see their careers ended. Difficult to imagine people voting for such people going forward. All politicians are economically with the truth and speak in riddles. But pushing for something that the majority didnt vote for isnt going to win you any votes. As for the vote being close or not makes no different. Thats the democratic system we have. There could have been a different threshold set, say 66%, but it wasnt. The Scottish vote was the same. It was pretty close and if UK stays in the EU, its unlikely we get another referendum there within 10 years. If something was to materially change, such as a Brexit, then they can push for another referendum. And thats something you should expected to be pushed by the SNP this year if indeed the UK Brexits.
polishinvestor   
14 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

Theoretically a lot in possible. In practice,a lot less. Going against the vote means end of political career for those forwarding such a movement and very likely parties as a whole. So thats a non starter. In case of the cons, Cameron has said he will follow the result of the referendum, if would force a snap election and certainly give cons no chance of re election whoever they put in charge. The public would have it in black and white that they were never given a chance and would likely vote for UKIP and the fringe nationalist parties rather than the main two. Certainly it would swing a lot of votes away from those two parties. But as I say, almost zero chance. More likely a second referendum i a few years than that, but things would need to become worse in the UK whilst at the same time better in Europe for that to happen. And with the EU unable to address fundamental issues, they arent going to start growing rapidly anytime soon.
polishinvestor   
12 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

EU runs a surplus with the UK and exports to the EU from the UK are falling year by year (the fact that the UK export industries are uncompetitive is a seperate issue, but the bulk of the economy is driven by services of which the vast majority is domestically driven). Running a surplus means essentially the EU sells more to the UK than the UK sells to the EU. If both sides slap on tariffs (which they wont) the EU loses out.

Peterweg I was fine reading your argument until I reached the comment about France taking over the finance industry. You have just been outed as a lunatic. I will no longer be able to read anything you say and take it seriously.
polishinvestor   
11 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

There will always be individual cases where people are going to be worse off, but the UK as a whole has more to gain from leaving the UK. Rather, it can better distribute the resources that it allocates to the EU, theres no question. No trade will actually be gained or lost. The world is too connected, to interdependant to allow for lost trade. Theres no reason the cannot participate in make of the projects currently undertaken by the EU, but it would be taken on a case by case basis. Being on the periphery of the European integration theme and not being part of the euro, it makes sense for the UK, but the benefits wouldnt be obvious for the likes of France or Holland for example.
polishinvestor   
11 Jun 2016
News / Poland's Sejm passes anti-terrorist act; opposition negate [86]

Foreign interests have siphoned out of Poland far more cash than the EU's subsidies to Poland. But such information is suppressed as not "politically correct"

Who is surpressing this information? The present government has a free rein and can do as it pleases. Surely they could overcome these so called surpressors? Yet even PIS distance themselves from such talk. Poland in the 80's was in dire straits. Only those few in charge had something, everyone else lived from hand to mouth and werent allowed to have anything. The huge foreign interest cartel you talk about is in fact the EU, it provided average Poles with an opportunity to make something of themselves if they wanted too. Yes multinationals came in and profited, but Poles now had the cash to spend and spent it on what they wanted to buy, just like other europeans.

And most present in the 80's will tell you Poland have moved forward considerably since that time. The few to complain will be the ones that life left behind, almost exclusively their own doing. But every country has those who just complain, or have no ambition, or prefer to drink, rather than to move forward.

Without living and working in Poland, you cannot have a proper idea and therefore be in a position to comment on what is actually happening on the streets of the cities in everyday life.
polishinvestor   
5 Jun 2016
News / Mieszkania Plus programme - PiS fulfills yet another campaign promise [50]

They are quoting rents of about 1000zl plus rates for a standard flat. Outside of the bigger cities thats a standard rent. You might say yes but these will be new flats, more desirable. Well you can take similar money in the small cities and the flats are always rented within a couple of days. So, the conclusion to draw is that they are targeting families living in bigger cities where rents are 2 to 3 grand per month, making the PIS plan rate of a grand a good deal. But living in a bigger city means you are likely earning a better wage and can afford to pay a bit more rent. Those working in villages are forced to live in them, in old run down properties or communist blocks. Its these smaller cities that could do with housing at competitive rents for those cities. But I suppose these people will already be PIS voters so they dont matter to them. Its a shame as small towns and villages have been badly left behind on the whole and could do with such programs. Improving the periphery provides a stronger back bone to the bigger cities and makes the chain stronger, less volatile and less prone to bear market size crashes.
polishinvestor   
4 Jun 2016
Law / Need help on how to cancel a company in Poland. [8]

You still need to assign a liquidator. A notary is required and as mentioned above, going to court. It will take a while as liquidation needs to be advertised for 6 months. Any solid accountant in your area should be able to run the process for you. Will cost a couple of grand.
polishinvestor   
2 Jun 2016
UK, Ireland / How might Britain`s withdrawal from EU affect Poles there and here? [474]

I for one will be voting for brexit. Makes sense personally for me, its a net gain for the uk and while its might cause some upheaval for the core EU nations, those on the periphery without the euro such as Poland wont be negatively affected net, when fust settles.
polishinvestor   
2 May 2016
Law / Polish Income Tax Payable on Inheritance for UK Citizen [26]

Poles being poles will sell their grandmothers for 10zl. If you speak polish i would contact the tax office directly by telephone and ask them to outline the exact asset in question and who it concerns. 19% is the linear income tax and should concern you as a non resident in this case. Sales tax on property is 19.5% and is a different matter.
polishinvestor   
30 Apr 2016
Law / Polish Income Tax Payable on Inheritance for UK Citizen [26]

Inheritance tax normally is dealt with with 6 months of transfer but with sales they can take up to 5 years to deal with any case. If you inherited and then sold within 5 years then you ffectively pay 19.5% on the sale price (usually its 19.5 of sale minus purchase price but in case of inheritance purchase is zero).
polishinvestor   
28 Apr 2016
Law / Your experience as a foreigner running a small business in Poland [43]

but still confront regulations and paperwork that has no sense and generates no value on a daily basis

This is why you get 10% yield in poland as opposed to half at best or more likely low singles in the developed west. Cos za cos as they say. So if you are not getting close to 10% a year return walk away as you would be taking on higher risk for the same lower return as a lower risk region in Europe. Risk must go hand in hand with reward, thats the yardstick everyone uses because it works in the long run.
polishinvestor   
28 Apr 2016
Law / Question Regarding Property "Sales Tax" in Poland (Canadian and Polish Citizenship) [3]

There would have been no inhertitance tax to pay on acquiring the property but if was sold within 5 years of being signed over after the death of his father then you are liable to pay tax of 19.5% of the sale price given that the difference between the sale price and acquisition price is effectively the same as the sale price in this case. Im not a lawyer but thats first base in terms of sales tax if you like.

Urzad Skarbowy will send letters and eventually at the end of the process there will be court summons. However it will probably end there while the father doesnt travel to Poland. If he does travel there is a risk he could be stopped at the border in regards to the case.
polishinvestor   
27 Apr 2016
Classifieds / URGENT Apartment required in Wroclaw [9]

For period 30th April to 7th May, 2 adults 2 children. Wroclaw but doesnt need to be central, can be outskirts. Decent standard.
polishinvestor   
27 Apr 2016
Real Estate / Buying property at the Bailiff / Enforcement Agent Auction (Komornik Sądowy) in Poland [20]

Over the years looked at a few properties under the hammer so to speak but never interested me enough to bid for one, so cant offer much help. I would say be wary and do a complete check of every possible detail/variable as I have heard of gminy leaving out various details and people ending up with listed properties resulting in vastly increased turnaround costs. But there are so many great properties available via traditional avenues, its never really been a problem for me finding a good deal. Especially lately, its a buyers market and will be for some time so you can offer well under the asking prices which are often very unrealistic. Many have a noz pod gardlem as they say so its always worth a shot. And buying cash means you can press even harder.

Re leases if its from the local council you can usually buy them out if you plan on holding the property for a period of more than 10 years.