Just by gauging the interest in this forum says all about property in PL

....and I always thought the best time to buy was when everybody else wanted to sell.

True, unless to have to borrow money to do it. I meet twice a week with a senior bank officer and today he told me that several of his bank's commercial clients are having difficulty meeting pay roll because of the "crisis". They have property which they want to sell but they have no buyers because banks don't want to lend money. Do you see the irony here?

So the company will fold
The bank will take the property and sell it for a low price to someone who doesn't need to borrow money to buy it.

People will lose their jobs while those who are already rich get richer.

That's crapitalism for you. Still better than socialism though.

What exactly do you mean by this Pantless?

Hi wedle, although the statistics would probably prove otherwise, but the feeling I get from being multiple times in berlin is this:

of course this is tune with my metaphor to poland, more or less, i know its not perfect

a large area thats been heavily invested in but one that has no real standing of its own economically-wise due to chronic problems as well as simply being "left out", with investment largely coming from the public not private sector, and a place constantly plagued with high unemployment levels no matter how well economically the rest of the world might be doing.

overall a ghost town outside the city center, or even in it, with few people found on the streets during or after working hours. a population largely composed of close to retirement age or retired persons, where the younger generation either moves away or lives in some alternative sci-fi funk, most either working dead end jobs or studying for years if not decades due to government subsidies being higher than what they could earn free market.

where property prices, which maybe long ago reached some peak, are at a all time low, with such a glut of rental properties it makes no economic sense to buy property anymore.

hmm what else, i guess thats my metaphor. even though i love the city i find berlin to be... depressing.

“Debt incumbent homeowners don't go on strike”