I think forum members are pretty much switched on and aware of articles on the global financial crisis. Lets not live amongst the fairies and assume Poland will not be effected in a second downturn, the question I was trying to pose is how it will effect people in various industries, my particular interest is the building sector. my mention of trolls was tongue in cheek, sorry but sometimes people have there own agenda, its a serious topic.
You only hear what you want to hear. Same as Milky, you live in a dream world. There is a minimum price for the purchase of land and the construction of a building. You seem to think that developers will drop their price to suit your circumstances. Its not going to happen. If it costs 4-5-6000 PLN m2 to build, why do you think they will sell it to you for 2,000? . Look at the property where you live now, are you williing to sell below what you believe to be market value. I can understand why people like Milky want it to be this price, we all do!!!!
Its not going to happen, unless, its a "distressed" sale and you pick it up at auction. Have you seen this happening in Poland?, no, so why do you listen/read this bo**ocks
WB mentioned a place that was 1500PLN m2, great, no problem. The only thing is, that the property is 240m2, which, means a mortgage of around 360,000 PLN if you put a 20% down. The fact that the banks do not want to lend anything over 200,000 PLN is immaterial.
The thing that most Polish people want is a house/flat/apartment, between, 60-70m2 with 2 bedrooms. The cost has to be around 200-250,000. Unless the land can be bought very cheaply, this is not going to happen., especially in the big cities.
Look at "Teflcat", he states 210,000 PLN for a 120m2 house, excluding the price of the land. It took him six years to build, no holidays, no fun, no new clothes etc. I admire him, but I , along with others, do not have the time or inclination to do this,
The days of spending 20 years to build you dream house are over. It takes two wages just to live. 1500 PLN rent against a 1800 PLN mortgae is just not feasable anymore. Maybe, if you are used to paying this, single, no family, free to move around. Thats not the case with most Polish couples who want their privacy and a way of bringing up their own family without interference.
You can use the arguments that the French and the Germans do not takes mortgages. What do they do with their money? What future do they leave their children? Or, do they use their money to invest in shares to bring down other countries, look at the financial crises and see where the debts are owed.
Some people are advocating buying farmland. It seems that they believe currency will be worthless. Lets suppose that this is true. If your landlord need to sell his property to buy a loaf of bread, where does that leave you?
So many rumours and predictions. The same economists that tell you the world is ending, could not predict the finacial crises in 2008.
Greece is going to default. How many months have we been hearing this?
Why do we have to keep hearing this every day? They are now saying that the banks have to be re-capitalised and that the money is to come from the taxpayerers, why?. What about the people who do not even have bank accounts?
Fear, as long as you live in fear, you will be compliant, to whatever your own or the EU dictates. I don't give a damn if Egypt, Yemen, Lybia or any other Arab countries overthrow their dictatorships. I only care about my Polish family and my my Polish friends. There is no pride in fighting for an unjust cause. We should be proud of our soldiers but distainful of our corrupt politicians.