Tuesday, Jun 05, 2007
"I'm leaving on a jet plane, don't know when I'll see my off plan deposits again"
Firstrung: Will 'fly to letters' now turn their attention to Warsaw in Poland?
Ssshh..it's a secret, according to Property Secrets. There's a new fly to let destination to lose money and directly help to sickeningly 'price out' the local indigenous population, its called Poland. When will 'overseas investors' finally learn that prices only go up in these type of destinations due to invading Brits - who have generally re-mortgaged their principal residence in order to 'play houses' abroad? Quite frankly it's simply a grown up version of playing 'hot potato'.
Posted by converted lurker @ 12:12 PM (115 views) Add Comment
5 Comments
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1. shipbuilder said...
This exactly what is happening the other way round in London and Northern Ireland - outside speculators pushing house prices out of reach of the locals. Of course it's much worse in Eastern Europe and an absolute disgrace.
Partly due to our misplaced superiority complex, the British have always been both a joke and disliked in Europe. We are now extending this to our Eastern European neighbours - we are rapidly enhancing our reputation as greedy, shallow, boorish, boastful and arrogant.
Of course when the bubble bursts and the rest of Europe have bought our industry and are lazing in their villas and drinking wine, we will simply be the laughing stock (again), with our collapsed money-laundering 'service economy', 4x4s, useless bling and cocaine habits.
2. sovietuk said...
"we are rapidly enhancing our reputation as greedy, shallow, boorish, boastful and arrogant."
Can you blame the Russians for a bit of sabre rattling recently? Our stupid government and other similar governments need to be told to "F*ck Off" occasionally.
3. tipping point said...
Yet another case of encouraging people to invest in something they no nothing about. If there's any justice then most of these fools will suffer high instances of rent arrears, sharp charging by agencies and management companies, expensive legal complications and punitive local taxes.
4. Pwl said...
Hi!
I am Pole. What is going on on polish property market is mad. Prices went up 50-70% year. People says in Poland that who had money bought already. No big gains anymore and propertu prices started to fall. This is another sponsored article ( thats what they do in Poland) to play on people's fear. A lot of Poles realized now it is just a big propaganda like in comunism.
pwl
5. Scott said...
Although I believe there will be a crash, I disagree with the anti-British comments made by shipbuilder. The service economy is thriving, 4x4s last longer than any other type of car imports, and cocaine turned Brighton from a 1960s shitty seaside town with a notoriously bent police force into a booming economy in itself. If Europe is so bloody wonderful, why are so many of them trying to settle in London?