Real Estate /
Buying a flat in Krakow; prices are still falling? [200]
Jonni, you are wasting your time. Milky is not interested in facts. He thrives in his dillusions. I mean, when you see all the television reports on the state of the housing sector in Ireland, the US, UK and Spain which have been shown over the past 3 years and then you see the television reports on the collasped Polish market?, oh thats right!!!!!, there have not been any reports on the collapsed Polish market. In fact, the only reports or comments on this so called price collapseI have been from Milky.
Read his posts carefully, look at the words he uses like "lacky". Classic socialist terms which underscore his hatred of anything to do with private enterprise. He has still not grasped that the governments are not going to build people free houses and so its left to developers (and God forbid that they should make a profit).
House prices should fall by 60%, the fact that the land, materials and labour to build them exceeds this price is irrelevant to Milky.
If I could buy land at 1960's prices and bricklayers, carpenters, plumbers, electricians etc, would go back to earning 15 GBP,s a week, it would be possible to keep Milky and his ilk, happy.
Unfortunately the "socialist" unions have pushed and pushed for ever higher wages, which, suprise!!, suprise!!, have caused house prices to spirial accordingly.
When I left the UK in 2004 it was difficult to find a carpenter to work, those we managed to get on site wanted 150 GBP a day (the day consisted of 1 hour to unload and pack up tools, 1 hour for breaks, 30 mins to read the newspaper and another hour to walk up and down the road, talking on their mobiles trying to find other builders who would offer them more money).
The cost of implementing Health & Safety regulations has added 10% to a site build, every aspect of work from lifting a bag of cement to putting on a roof tile needs a written method statement, men have to be trained to lift, climb a ladder, change the abrasive wheel on an angle grinder etc, trained and certified every 2 years. Forklift drivers have to be government tested every 3 years at a cost of around 400 GBP for a 30 minute test. Does the UK government make car and van drivers get tested every 3 years?
Milky has no idea of the hidden costs involved in building housing or the increased costs of financing/insuring projects. Unlike the UK which taxes you on profit at the end of the year, the Polish government taxes you on the first property you sell, so you are in fact, paying tax before you have recouped the money you have invested. The profits seem large but nobody takes into account the risk, the timescale or the stress involved in producing housing.
There are sharks in every industry but housing is a necessity, nobody bats an eyelid when car prices are increased by 10% or the government sticks an extra 2000 GBP in tax on them, yet, house prices are supposed to remain as they were when our parents bought their's.
Welcome to the real world, Milky.
