Poland and Polish Discussion Group and Forum

Welcome to the original English language Poland and Polish discussion group board. This message forum is a place where English-speaking Poles, foreigners (expats) living in Poland, and anyone with a genuine interest in Poland can discuss and read the views of others concerning Poland. Subjects include: Polish news and current affairs; Life in Poland; politics; genealogy research; Polish culture and history; advice and tips on visiting Poland; Polish property and investment issues. The aim of our group is to increase awareness of wonderful Poland using the English language and allow and foster the honest debate and exchange of opinions on anything vaguely related to Poland and Polish - positive, negative and/or neutral! To state the obvious: all opinions and views expressed on this site are solely those of their respective authors and are not necessarily those of anyone else! Messages consisting of ads will be deleted.

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Poland and Polish Discussion Group and Forum
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Re: Polish Property - housing slump?

on a lighter note Nice to have you back on the forum Mike C

Seconded. It's good to have an informed Polish American perspective on subjects discussed and in the news.

I have to admit that I don't know much about problems with the US property market, except what I read here and other places, but, for me and many others property will always be a sound long-term investment.

Polish prices are though still comparatively good value for Europe.

Re: Polish Property - housing slump?

Thanks fellas. I’ve been traveling a lot lately and haven’t had time to read the blogs.

“Nice to see you are in a good mood, undoubtedly still holding your hand on heart and whistling dixie.”

Now that’s funny You forgot about Jack Daniels

Look here, in general property market in the US is not that bad. Again, this is the result of very low interest rates and financially illiterate people buying homes on credit. It had to happen. Last real estate slump took place in the late 80’s/early 90’s. It bounced back…just as this will.

As far as the former Fed Chairman – I’m assuming you are referring to Greenspan – many on Wall Street feel he is to blame for the current crisis…he micromanaged the economy for 20 years. There are many who even claim that he is a central planner.

BTW, I read his latest book, The Age of Turbulence. There is nothing really new in there. In the US, the greatest transfer of wealth is about to take place (since JP Morgan brought in British capital in the early 20th century) caused by retiring baby boomers. It will be anything but stable, but at the same time it will create many opportunities.

Ironically, Poland is in good shape because the zloty will continue to rise and as Neil said, you still get far more value than you would in Western Europe. Keep in mind that Poland has never had a real estate bull market (nor a free market economy)in its modern history. It will be interesting to see what happens in the next 5 years.

Re: Polish Property - housing slump?

The Warsaw suburbs are already outrageously expensive and it's going to get even better.

Slight downturn in 2011 on the cards, apparently. It's the cycle.