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Real estate transaction prices higher than at the beginning of 2010

posts: 28

polishmortgagesThreads: 7 Posts: 20 Joined: Jun 22, 10 ♂	Oct 23, 10, 11:48 #1
halo You can find here summary for 3rd quarter. Also September report will be available in 2-3 days www.polishmortgages.eu/2,1,10 regards

Wroclaw BoyThreads: 57 Posts: 5,478 Joined: Jul 3, 09 MEMBER ♂	Oct 23, 10, 12:26 #2
I'm also hearing that the market is beginning to move.

milkyThreads: 10 Posts: 1,229 Joined: Oct 26, 09 ♀	Oct 23, 10, 12:52 #3
Sorry denialist, its a blip, as usual, for this time of year. Things are bound to improve for sure, unless you see a bubble as good, lol. Property prices could go up, if the world recession ends, Polish wages triple over-night and oil is discovered on the moon.

polishmortgagesThreads: 7 Posts: 20 Joined: Jun 22, 10 ♂	Oct 23, 10, 13:02 #4
Milky you as always belkoczesz the same story... :). The fact is that situation is improving in mortgages and this will have impact to properties... and economy. I was first person who experienced crisis and I am also first person who see recovering... regards

AvalonThreads: 3 Posts: 814 Joined: Sep 11, 07 ♂	Oct 23, 10, 13:11 #5
polishmortgages Milky you as always belkoczesz the same story... :). And never one fact or link to back it up. The same predictions for two years now and the crash has still not happened. It must be very frustrating for you Milky, but never mind, the rents will be going up again soon.

milkyThreads: 10 Posts: 1,229 Joined: Oct 26, 09 ♀	Oct 23, 10, 13:13 #6
I am talking from a democratic perspective not form a narrow self-centred, investor. perspective. Improving, from whose point of view? the people who blew up the bubble and focked up the country for the average Pole? To put it another way, If you were a white supremacist during apartheid in South Africa,what would you see as progress or improvment.

♂

Oct 23, 10, 13:40 #7

milky

To put it another way, If you were a white supremacist during apartheid in South Africa,what would you see as progress or improvment.

A very stupid analogy. All I see is death and starvation, due to the inability to farm the land properly, corruption, ethnic/tribal wars, dictatorships and the exploitation of their mineral/oil wealth by Western/Asian nations. How did that happen under white rule?. The African countries are still crying out for huge amounts of international aid because of their total lack of understanding how to run a country. They cannot even agree on the way to vote let alone sort out their problems.
Perhaps the solution to your so say "bubble" is to kill all the landlords and property developers in Poland and share the land out amongst the people?

milkyThreads: 10 Posts: 1,229 Joined: Oct 26, 09 ♀	Oct 23, 10, 14:00 #8
Avalon: Perhaps the solution to your so say "bubble" http://en.wikipedia.org/wiki/Polish_property_bubble

warszawskiThreads: 60 Posts: 2,389 Joined: May 21, 10 ♂	Oct 23, 10, 14:04 #9
"Fear The Boom And Bust" - Economics Rap Video You will find the video and links quite enlightening in your Saturday afternoon debate. http://blogs.tlt.psu.edu/projects/stuff/2010/01/econstoriestv.html http://econstories.tv/category/videos/

♀

Oct 23, 10, 14:24 #10

Ah well,from a post-modern perspective,i see no idealistic solution. The Chicago Boys won the fight and proved that honesty is not the best method and crime pays.
Dostoyevsky's motives for writing The Idiot
The novel effectively serves to show the folly of altruistic kindness in a society that is rife with self-advancement and unscrupulous behavior, as Myshkin is consistently manipulated and exploited by others around him.[3]

♂

Oct 23, 10, 14:54 #11

milky

http://en.wikipedia.org/wiki/Polish_property_bubble

Thank you for providing this useless bit of information. I could have taken it seriously except for the two "WARNINGS" at the top, which state, "These submissions need to be verified with facts", it kind off gives doubts as to the veracity of whats being stated. For all I know, this could have been your contribution to "Wikipedia". You also fail to mention the section at the bottom which gives the reasons for property prices to increase.
Oil per barrel in 2007 went up by 100%, its now dropped down to half of this, but, the price to you at the pumps has not been passed on, its still the same as two years ago.

warszawski

"Fear The Boom And Bust" - Economics Rap Video

You will find the video and links quite enlightening in your Saturday afternoon debate.

I hardly think that a couple of rap videos are going to impress the meeting of the G20 finance ministers today. I am very wary of "economic experts", especially after their failure to predict the financial crisis in the first place. I notice that the "comments" space provided on this site did not elicit any intelligent replies. I don't think that "bring it on" counts in a serious debate.

The truth is what you see happening around you in your area, not what the media is reporting from another country. I have not heard of any house repossessions in my area. There have been job losses but nothing on a major scale. Millions are being spent on infrastructure, new shopping galleries, sports facilities and a new theatre. If this is the crash you are predicting then I hope it lasts another 20 years.

♂

Oct 23, 10, 15:55 #12

Avalon:

The truth is what you see happening around you in your area, not what the media is reporting from another country. I have not heard of any house repossessions in my area. There have been job losses but nothing on a major scale. Millions are being spent on infrastructure, new shopping galleries, sports facilities and a new theatre. If this is the crash you are predicting then I hope it lasts another 20 years.

Keynesian economics is a macroeconomic theory based on the ideas of 20th century British economist John Maynard Keynes. Keynesian economics argues that private sector decisions sometimes lead to inefficient macroeconomic outcomes and therefore advocates active policy responses by the public sector, including monetary policy actions by the central bank and fiscal policy actions by the government to stabilize output over the business cycle. The theories forming the basis of Keynesian economics were first presented in The General Theory of Employment, Interest and Money, published in 1936; the interpretations of Keynes are contentious, and several schools of thought claim his legacy.
Keynesian economics advocates a mixed economy—predominantly private sector, but with a large role of government and public sector—and served as the economic model during the latter part of the Great Depression, World War II, and the post-war economic expansion (1945–1973), though it lost some influence following the stagflation of the 1970s. The advent of the global financial crisis in 2007 has caused a resurgence in Keynesian thought. The former British Prime Minister Gordon Brown, former President of the United States George W. Bush, President of the United States Barack Obama, and other world leaders have used Keynesian economics through government stimulus programs to attempt to assist the economic state of their countries

Avalon:

Truth can be found in humor
.

Wroclaw BoyThreads: 57 Posts: 5,478 Joined: Jul 3, 09 MEMBER ♂	Oct 23, 10, 16:30 #13
milky: http://en.wikipedia.org/wiki/Polish_property_bubble Hey Milky no mention of your emigration idea in that article, that must have p1ssed you off.

♂

Oct 23, 10, 16:46 #14

warszawski

The former British Prime Minister Gordon Brown, former President of the United States George W. Bush, President of the United States, Barack Obama, and other world leaders have used Keynesian economics through government stimulus programs to attempt to assist the economic state of their countries

Only Obama left and look at the mess these countries have to sort out. All having to print money and ruin the lives of their populations. And you are comparing this to present day Poland.
You are a sad puppy.

milkyThreads: 10 Posts: 1,229 Joined: Oct 26, 09 ♀	Oct 23, 10, 18:11 #15
Wroclaw Boy: your emigration idea in that article It's not 'my' idea, joker!

MEMBER ♂

Oct 23, 10, 18:20 #16

milky:

It's not 'my' idea, joker!

You sure about that?

milky:

The reason for the bubble is emigration to the the west, this is obvious,

milky:

I know what you are saying but some people are tryin to play down the fact completely that Poles abroad are bringing in the money(billions)

milky:

Is it due to higher emigration in the east, so that people have western wages, hence more cash to fork out.

I rest my case.

milkyThreads: 10 Posts: 1,229 Joined: Oct 26, 09 ♀	Oct 23, 10, 18:41 #17
Wroclaw Boy: It's not 'my' idea, joker! What i mean joker, is that, i did not come with the idea,it's a generally held view, by all rational thinking people, as it is based on common sense.

MEMBER ♂

Oct 23, 10, 20:13 #18

milky:

What i mean joker, is that, i did not come with the idea,it's a generally held view, by all rational thinking people, as it is based on common sense.

and theres more immigrants from Lublin working abroad than other cities so thats why prices haven't decreased there, right? all your words.....

You think prices dropped in Wroclaw by 30% because they have less workers in foreign countries, your words again.... No back up links or anything just all you...

milkyThreads: 10 Posts: 1,229 Joined: Oct 26, 09 ♀	Oct 23, 10, 21:41 #19
Yes, and this is the view, that is generally held by all logical thinking people, who are not prostituting them-selves to property porn/casino capitalism.

SeanBMThreads: 41 Posts: 8,727 Joined: Mar 10, 08 ♂	Edited by: SeanBM Oct 23, 10, 21:47 #20
milky: Can anyone explain why Lublin has not seen a drop in property prices? milky: 30 % drop Wroclaw and 0 % in Lublin.. From here milky: this is the view, that is generally held by all logical thinking people Then provide a link, please?

♂

Edited by: warszawski Oct 23, 10, 21:58 #21

Avalon:

Firstly, I am invested in Polish real estate, so it would be unwise of me to talk down a market I have a vested interest in. On the other hand I am a realist and therefore I have to focus on the facts, the facts are Polish real estate has risen significantly in price over a short period of time, in some areas of the market, there is most definitely a bubble. Although there is still opportunity, it is becoming more difficult to seek out " good deals " when the " good deals" hit the market they are snapped up in a number of hours or days. The inventory that sits on the books of real estate agents for longer than a month , is inventory that is struggling to find a buyer, there could be a number of reasons for this, more likely the price is too high or work needs to be done. I would therefore say to anyone that is looking to invest in real estate in PL, get to know the market, a little bit of R & D is key to success, make more than one trip to PL, and be very selective, the same criteria you use for selection in your own home country, may not work in PL. It is probable that when PL enters the single currency, it will be around 3.5 PLN to 1 Euro, so this could be used as a rough conversion figure. If you are looking for buy to lets, stick to the big three cities. Good luck

Avalon, as a developer in PL, you could choose better words than " sad puppy"
Milky, I mentioned in another thread, I do not believe we will see the doom and gloom you predict, local buyers are starting to come back to the market and there are lot of bargain hunters out there with cash.

♀

Edited by: milky Oct 23, 10, 22:08 #22

Couldn't be arsed,
you boy's know it's the truth, so why argue?...I only asked a question and you want to answer it with another question,so f0ck it.. The game of a stats and ESRI style 'sponsored lies' to justify bubbles is a prank. Lacky journalist will show any stat if the money is big enough or if the blackmail is strong enough and in Poland's case lol
The passion for truth is silenced by answers which have the weight of undisputed authority.

I don't see it as 'doom and gloom',the oppisite actually, it will be great news for the majority when prices resemble the wages of the country. I predict an end to the doom and gloom.

♂

Edited by: SeanBM Oct 23, 10, 22:09 #23

warszawski:

The inventory that sits on the books of real estate agents for longer than a month , is inventory that is struggling to find a buyer, there could be a number of reasons for this, more likely the price is too high or work needs to be done.

Definitely.

warszawski:

It is probable that when PL enters the single currency, it will be around 3.5 PLN

Ah, come on, we don't even know when that'll be...

warszawski:

Milky, I mentioned in another thread, I do not believe we will see the doom and gloom you predict,

Way to go, ruining someone's Saturday night ;p

milky:

Couldn't be arsed,

Translation: "can't".

milky:

I only asked a question

Nope, you made two statements above that you "can't be arsed" finding any link whatsoever, even though:

milky:

this is the view, that is generally held by all logical thinking people

.
You live in Ireland and have no real knowledge of Poland, I have always asked you for links, that's all I want, something of substance from you.

♂

Oct 23, 10, 23:13 #24

SeanBM:

Ah, come on, we don't even know when that'll be...

we do 2015 + how ever many more years they can put it off, before PL is railroaded by the ECB et al.

milky:

I don't see it as 'doom and gloom',the oppisite actually, it will be great news for the majority when prices resemble the wages of the country. I predict an end to the doom and gloom.

The rich are getter richer in PL, and the poorer are still struggling, there may be a disparity between the two groups, but its the same the world over.

♂

Edited by: SeanBM Oct 24, 10, 08:50 #25

warszawski:

we do 2015 +

You know that every year the Euro is only two years away.

It's like the sign on a pub saying "free drinks tomorrow" :)

Of course they will have to join, it is part of the deal but we don't know when.

The Maastricht Treaty originally required that all members of the European Union join the euro once certain economic criteria are met. Poland meets 1 out of the 5 criteria.

Poland and the euro (Wiki)

warszawskiThreads: 60 Posts: 2,389 Joined: May 21, 10 ♂	Oct 24, 10, 17:05 #26
SeanBM: You know that every year the Euro is only two years away. Yep lol

milkyThreads: 10 Posts: 1,229 Joined: Oct 26, 09 ♀	Mar 13, 11, 16:41 #27
The passion for truth is silenced by answers which have the weight of undisputed authority.

peterwegThreads: 35 Posts: 1,997 Joined: Feb 16, 07 ♂	Mar 25, 11, 13:56 #28
It's like the sign on a pub saying "free drinks tomorrow" :) Lots of pubs in Battersea were giving a free pint of Guinness on St Patrick's day. It does happen.

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