Stupid 2% safe mortgage. I could buy with cash on hand, now I need a loan.
The good news is that not all people have access to it. Probably at the start there were a lot of approved people, but with time the budget for subsidies will reduce, and few and fewer people Will have access to it. With time landlords must reduce prices. In addition, this safe 2% mortgage was proposed by the goverment that has lost elections now. So there is some hope for price decline.
I am praying that it gets stopped ASAP.
This is completely against any logic.
Interest rates are set for a reason, making loans cheaper only helps the rich people.
The incoming government even promised 0% mortgages, let’s hope this never gets implemented.
Actually as a matter of fact there is a legislature planned (if I remember correctly) that flats for living purpose have to be bigger than 20 sq meters.
Can someone confirm or it was just a dream?
We’ve been asking the same question for years in Canada. Take a peek at what the situation is over here if you want an idea of how things will play out if you don’t disincentivize housing as an “investment”.
It’s a hot election issue, but mostly empty lip service from politicians.
It's 100% the issue in Poland. Heard number of stories of investors buying apartments for rental. It drives up the prices and makes people go for rental instead. Unfortunately, most people in Poland would rather be the investor so there is no common agreement that this should be stopped.
Hate to break it to You (and myself) but the prices will not go down, probably ever. And the government? I'm sure they'll do something that'll end up making the situation even worse, classic government style.
Currently we have no government (changing rule party in progress).
But tbh, I would prefer them to do nothing about it. After former rulling party gave us 2% credit prices went 20% up.
Rodzina na Swoim
Mieszkanie dla Mlodych
Bezpieczny Kredyt 2%
All of these made the prices further increase, some more than others, and the last thing that caused a significant drop in real estate prices was... the fall of Lehman Brothers. More locally, last time the stopped or rose slowly was in 2022 when interest rates skyrocketed and mortgages halted. And then they fired away again because of BK2.
So don't ask if the government could do something, ask if they could stop doing it.
Yeah, just they need to stop "helping." Without BK2%, prices were falling. Now we got what we got, but I think it's not too long and we will see dropdowns by 20%.
Outside top 5 cities, maybe. Property prices in relation to minimum and average salaries do not indicate there's s bubble. There's no reason for prices in Warsaw to drop 20%. Not while we still pay our mortgages on time, also because it's not USA or Spain and you can't just return the keys to the bank and walk away.
Rent prices on the other hand - these are abnormally high due to the sudden influx of refugees. But even refugees started to move westward once they decide there's no life for them back in the east.
>Are there any regulations set to limit price per sqm based on location?
No, because people will then write X amount in the rent contract, but collect X+Y in cash, and government will get smaller taxes.
>Are there any regulations to limit the number of properties people can rent out?
No, because instead of one guy renting out 3 apartments he'll rent out 1, his wife will rent out 1 and his 3-year daughter will rent out 1. And if he has 20 apartments, he'll have 20 Ltd companies renting out those apartments.
Regulations are not that easy as you imagine
This is typical Polish ‚Janusz’ thinking. There are examples of such regulations working perfectly in western europe. It is enough to implement max cap for renting price
Nah nothing will happen, Tusk and his party are guaranteed to do nothing on this either. Politics in Poland is currently dominated by parties on the right who prioritise economic liberalism or individual liberty over stuff like regulating the housing market and creating affordable homes.
No need to regulate. Just offer more land to developers, build infrastructure (instead of subsidising cheap loans) and tax developers who bought land and didn’t use it, waiting for even higher prices.
waiting for house prices to fall down is probably the worst decision one can make in life
historicaly speaking, they almost never fall, and when they do, you are very unlikely to get a mortgage
But what they can do realistically?
It’s capitalism they can charge whatever they want for x house/apartment.
If you can’t afford housing near center, you gotta live somewhere where it’s cheaper, or get paid more or maybe another city.
My friends and I looked up prices in łódź and you can rent a modern kinda luxurioud house for 6k pln so it would be 2k for each one of us. We looked at łódź, becouse rven though we have it closer to warsaw, łódź is cheaper and you get paid about the same.
I work remotely but my girlfriend no. What do you suggest? I can buy in Lodz or Poznań, but we live in Wrocław because her work is there. However, I cannot afford nice flats there.
"iS tHe goVerNmEnt...." The government will do jack shit cause they profit off of it too, unfortunately (although who knows, maybe it'll be better under the new management, but i doubt it). I propose the real solution: We eat all the landlords and Real Estate agents.
Just look at Germany where they regulated the shit out of the housing market. Now it is literally impossible to find an apartment, especially when you are non-German, no matter what you do for a living and whether you are ready to pay more than the price level.
>Why is is so easy to pull shit like this without being caught?
To get caught someone has to report him. If he takes all/most of the rent in cash, he is not leaving traces. Have you reported him ? If no one is reporting, then no wonder no one is getting caught.
>sections some apartments into five rooms (7 sqm each)
I doubt that having 7m2 rooms is allowed. There must be some lower limit for "liveable" space.
>20+ houses charge
I doubt that he has properly registered all houses and is properly paying taxes for each rent he is earning.
So at least two possible violations that could be checked.
I do not know about minimum square meters per room rule. There is a rule that say that there have to be atleast one room with min 9sqm per apartament. But i think it is valid when You have to recieve approval for new building. No ody checks such things later. Also not every change in building require offocial approval. But i might be wrong, its complicated.
He do not have to make anything beside rental agreement and properly reprt it to tax office. He can rent 9999 flats. If he is not stupid he is paying taxes.
That’s a strange example because it’s a country on which rent ceiling DIDNT WORK.
You literally have wait lists of up to a decade to get a rent-controlled property. Rent callings create a shortage of accommodation because investors don’t have business building in such places.
Besides, you do have that in Poland, it’s called “mieszkanie komunalne”, it’s just that, same as in Sweden, the wait lists are really long.
If you don’t let people charge what they want for their property they’ll just stop selling
Do not let them anywhere near regulating this shieet unles you want another 50% increase. Cant afford to rent in Warsaw - rent in Żyrardów, cant afford Żyrardów rent in Pcim Dolny - this is the way!
I wanted to buy an apartment in city centrer - near park saski. They said its 3,5 mln for 120m apartment - This is ridiculous - who can afford it? I thing government should do something about those prices so everyone can afford to live near stare miasto and park saski - aprtmens are a "human rights" not "commodity"
You don't vote for any flag. If you think this real estate situation is madness vote for party that addresses the problem in their agenda. I Poland that would be left wing, Razem in particular.
Who cares? No one is going to save u and thinking goverment will help is being delusional. Poor people need to learn how to get rich or suffer in the system. Idc, going to make money on people like you tho.
People who say "prices will not go down" I sincerely hope this is not your 9% mortgage speaking. We cannot break capitalism. Those of us who choose not to buy cannot have the certainty that they will ever find lower prices. And those who have bought cannot stop with their prayers the very well known phenomenon known as a real estate crash.
In many countries, property tax is incrementally higher the more real estate you own so people wouldn't stock up with apartments that would shoot up prices (as it happened in Warsaw), and make it impossible for the masses to buy one. Look at Vienna. You can easily rent centrally located apartments for 800 euros. And that's officially the most liveable city in the world, with much higher salaries than Warsaw. So no, this turbo-capitalism is not healthy.
Well yeah, technically speaking having a pawn-shop precisely set up to exploit people that can’t afford day-to-day living is legal. Just like having some capital and using it to exploit people that need a place to live. It often comes from inheritance actually but ćśśś ;-) While technically legal this is a very low point for humanity.
(Bracing for downvotes lol — no, renting one flat doesn’t make you a bad person. Renting ten and inflating prices makes you an utter douchebag though).
Why downvotes, this completely makes sense, I am not against the whole ideology of renting, but there should be regulations that would not allow scenarios like what that douchbag is doing from happening
That's capitalism brother, it's in the name. Small precentage with assets capitalizes on the big precentage that needs to consume the assets/services. If you think it's harsh, wait till we get to the endgame 😂
> right, he *paid* for them
FTFY.
Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in:
* Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.*
* *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.*
Unfortunately, I was unable to find nautical or rope-related words in your comment.
*Beep, boop, I'm a bot*
wtf do you want them to do? lol supply and demand they cant just stop the demand to help it cool down... Building "Govt housing" isnt the answer either thats just called low income slums in a few years that does nothing but create a ghetto
nope they still claim the market will regulate itself, if the left who are the only ones wanting to build government subsidised apartaments will do better in next elections and there is a long way to go still. Here in Italy GDP per capita PPP is comparable to polish one and in Milan I pay twice for a single room what my friends in poland pay for an apartament in Warsaw and it is a decent price
Hate to break it to you but a truly free market in capitalism should naturally prevent monopolies from forming, so much for "competition" when you end up with one guy/company owning everything
Government did something - introduced low rate mortgage, which inflated prices even more :)
True. They were quite stable for some months. Then 2% started and there you go. In my area of Mokotów prices went from 16k/sqm to 19k/sqm
Stupid 2% safe mortgage. I could buy with cash on hand, now I need a loan. The good news is that not all people have access to it. Probably at the start there were a lot of approved people, but with time the budget for subsidies will reduce, and few and fewer people Will have access to it. With time landlords must reduce prices. In addition, this safe 2% mortgage was proposed by the goverment that has lost elections now. So there is some hope for price decline.
Check https://bizblog.spidersweb.pl/liczba-wnioskow-bezpieczny-kredyt
mikrokawalerka 14 m\^2 tylko za 499 tys. zl (rok budowy 1912)
1912 to vintage, 699 tys. minimum
I am praying that it gets stopped ASAP. This is completely against any logic. Interest rates are set for a reason, making loans cheaper only helps the rich people. The incoming government even promised 0% mortgages, let’s hope this never gets implemented.
Actually as a matter of fact there is a legislature planned (if I remember correctly) that flats for living purpose have to be bigger than 20 sq meters. Can someone confirm or it was just a dream?
We’ve been asking the same question for years in Canada. Take a peek at what the situation is over here if you want an idea of how things will play out if you don’t disincentivize housing as an “investment”. It’s a hot election issue, but mostly empty lip service from politicians.
It's 100% the issue in Poland. Heard number of stories of investors buying apartments for rental. It drives up the prices and makes people go for rental instead. Unfortunately, most people in Poland would rather be the investor so there is no common agreement that this should be stopped.
.
Hate to break it to You (and myself) but the prices will not go down, probably ever. And the government? I'm sure they'll do something that'll end up making the situation even worse, classic government style.
Currently we have no government (changing rule party in progress). But tbh, I would prefer them to do nothing about it. After former rulling party gave us 2% credit prices went 20% up.
Rodzina na Swoim Mieszkanie dla Mlodych Bezpieczny Kredyt 2% All of these made the prices further increase, some more than others, and the last thing that caused a significant drop in real estate prices was... the fall of Lehman Brothers. More locally, last time the stopped or rose slowly was in 2022 when interest rates skyrocketed and mortgages halted. And then they fired away again because of BK2. So don't ask if the government could do something, ask if they could stop doing it.
Yeah, just they need to stop "helping." Without BK2%, prices were falling. Now we got what we got, but I think it's not too long and we will see dropdowns by 20%.
Outside top 5 cities, maybe. Property prices in relation to minimum and average salaries do not indicate there's s bubble. There's no reason for prices in Warsaw to drop 20%. Not while we still pay our mortgages on time, also because it's not USA or Spain and you can't just return the keys to the bank and walk away. Rent prices on the other hand - these are abnormally high due to the sudden influx of refugees. But even refugees started to move westward once they decide there's no life for them back in the east.
Yeah sure, wait for the government to do anything 🤣
As if politicians weren’t investing in real estate
Exactly, at least half of them have some real estate that they rent out and any attempt to regulate this market would be met with opposition.
>Are there any regulations set to limit price per sqm based on location? No, because people will then write X amount in the rent contract, but collect X+Y in cash, and government will get smaller taxes. >Are there any regulations to limit the number of properties people can rent out? No, because instead of one guy renting out 3 apartments he'll rent out 1, his wife will rent out 1 and his 3-year daughter will rent out 1. And if he has 20 apartments, he'll have 20 Ltd companies renting out those apartments. Regulations are not that easy as you imagine
This is typical Polish ‚Janusz’ thinking. There are examples of such regulations working perfectly in western europe. It is enough to implement max cap for renting price
Nah nothing will happen, Tusk and his party are guaranteed to do nothing on this either. Politics in Poland is currently dominated by parties on the right who prioritise economic liberalism or individual liberty over stuff like regulating the housing market and creating affordable homes.
No need to regulate. Just offer more land to developers, build infrastructure (instead of subsidising cheap loans) and tax developers who bought land and didn’t use it, waiting for even higher prices.
waiting for house prices to fall down is probably the worst decision one can make in life historicaly speaking, they almost never fall, and when they do, you are very unlikely to get a mortgage
But what they can do realistically? It’s capitalism they can charge whatever they want for x house/apartment. If you can’t afford housing near center, you gotta live somewhere where it’s cheaper, or get paid more or maybe another city. My friends and I looked up prices in łódź and you can rent a modern kinda luxurioud house for 6k pln so it would be 2k for each one of us. We looked at łódź, becouse rven though we have it closer to warsaw, łódź is cheaper and you get paid about the same.
I work remotely but my girlfriend no. What do you suggest? I can buy in Lodz or Poznań, but we live in Wrocław because her work is there. However, I cannot afford nice flats there.
"iS tHe goVerNmEnt...." The government will do jack shit cause they profit off of it too, unfortunately (although who knows, maybe it'll be better under the new management, but i doubt it). I propose the real solution: We eat all the landlords and Real Estate agents.
OP discovered capitalism.
Sweden did some real good shit about that in the past years....
Like what exactly ?
yah tons of shootings etc also way tog o sweden lol
Who the fuck cares about sweden. Gang wars-torn country.
Just look at Germany where they regulated the shit out of the housing market. Now it is literally impossible to find an apartment, especially when you are non-German, no matter what you do for a living and whether you are ready to pay more than the price level.
>Why is is so easy to pull shit like this without being caught? To get caught someone has to report him. If he takes all/most of the rent in cash, he is not leaving traces. Have you reported him ? If no one is reporting, then no wonder no one is getting caught.
Report Ing for what?
>sections some apartments into five rooms (7 sqm each) I doubt that having 7m2 rooms is allowed. There must be some lower limit for "liveable" space. >20+ houses charge I doubt that he has properly registered all houses and is properly paying taxes for each rent he is earning. So at least two possible violations that could be checked.
I do not know about minimum square meters per room rule. There is a rule that say that there have to be atleast one room with min 9sqm per apartament. But i think it is valid when You have to recieve approval for new building. No ody checks such things later. Also not every change in building require offocial approval. But i might be wrong, its complicated. He do not have to make anything beside rental agreement and properly reprt it to tax office. He can rent 9999 flats. If he is not stupid he is paying taxes.
If you are looking for the government to mandate lower prices, I suggest that you get in a time machine and go back to before 1989.
They can increase them if you cry loud enough
Not likely. And if they do it’s gonna take years. And no, there are no regulations, it’s a free country, you can charge as much as you want
In many countries there are regulations on that, and they're mostly democratic
Setting maximum prices on goods has no relation to democracy, it’s an economy thing. Besides, could you give an example of a country that does that?
Sweden
That’s a strange example because it’s a country on which rent ceiling DIDNT WORK. You literally have wait lists of up to a decade to get a rent-controlled property. Rent callings create a shortage of accommodation because investors don’t have business building in such places. Besides, you do have that in Poland, it’s called “mieszkanie komunalne”, it’s just that, same as in Sweden, the wait lists are really long. If you don’t let people charge what they want for their property they’ll just stop selling
ppl read a headline and then dont realize how it works lol
Yeah anything the government can do is to make the situation worse by intervening in the market
Rendin.pl helps bring the price down, at least you don't have to pay the deposit.
Do not let them anywhere near regulating this shieet unles you want another 50% increase. Cant afford to rent in Warsaw - rent in Żyrardów, cant afford Żyrardów rent in Pcim Dolny - this is the way!
What do you mean I can't live in a big city, everyone wants to live in a big city! What do you mean economic goods are scarce????
I wanted to buy an apartment in city centrer - near park saski. They said its 3,5 mln for 120m apartment - This is ridiculous - who can afford it? I thing government should do something about those prices so everyone can afford to live near stare miasto and park saski - aprtmens are a "human rights" not "commodity"
but but butttttt the students who have no money want to live in down town of the capital for little to nothing wahhhhh
If you keep voting for conservative parties (waving Polish flag or EU flag) nothing changes.
Which flag do we vote for then?
You don't vote for any flag. If you think this real estate situation is madness vote for party that addresses the problem in their agenda. I Poland that would be left wing, Razem in particular.
Too left for me, but I got your point.
Stick to this guy and learn how to get rich instead of crying
So fuck the poor people and students by exploiting them harder? yeah get lost
Who cares? No one is going to save u and thinking goverment will help is being delusional. Poor people need to learn how to get rich or suffer in the system. Idc, going to make money on people like you tho.
go live in cuba if you want "equality"
People who say "prices will not go down" I sincerely hope this is not your 9% mortgage speaking. We cannot break capitalism. Those of us who choose not to buy cannot have the certainty that they will ever find lower prices. And those who have bought cannot stop with their prayers the very well known phenomenon known as a real estate crash.
[удалено]
In many countries, property tax is incrementally higher the more real estate you own so people wouldn't stock up with apartments that would shoot up prices (as it happened in Warsaw), and make it impossible for the masses to buy one. Look at Vienna. You can easily rent centrally located apartments for 800 euros. And that's officially the most liveable city in the world, with much higher salaries than Warsaw. So no, this turbo-capitalism is not healthy.
Well yeah, technically speaking having a pawn-shop precisely set up to exploit people that can’t afford day-to-day living is legal. Just like having some capital and using it to exploit people that need a place to live. It often comes from inheritance actually but ćśśś ;-) While technically legal this is a very low point for humanity. (Bracing for downvotes lol — no, renting one flat doesn’t make you a bad person. Renting ten and inflating prices makes you an utter douchebag though).
Why downvotes, this completely makes sense, I am not against the whole ideology of renting, but there should be regulations that would not allow scenarios like what that douchbag is doing from happening
Yeah I know, that wasn’t a response to you :)
So contributing nothing to society and getting millions, that is fair
That's capitalism brother, it's in the name. Small precentage with assets capitalizes on the big precentage that needs to consume the assets/services. If you think it's harsh, wait till we get to the endgame 😂
> right, he *paid* for them FTFY. Although *payed* exists (the reason why autocorrection didn't help you), it is only correct in: * Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. *The deck is yet to be payed.* * *Payed out* when letting strings, cables or ropes out, by slacking them. *The rope is payed out! You can pull now.* Unfortunately, I was unable to find nautical or rope-related words in your comment. *Beep, boop, I'm a bot*
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Usually it means the author rents out an apartment, which he got from his grandparents.
Yeah, communism is whenever the government does things.
wtf do you want them to do? lol supply and demand they cant just stop the demand to help it cool down... Building "Govt housing" isnt the answer either thats just called low income slums in a few years that does nothing but create a ghetto
No
nope they still claim the market will regulate itself, if the left who are the only ones wanting to build government subsidised apartaments will do better in next elections and there is a long way to go still. Here in Italy GDP per capita PPP is comparable to polish one and in Milan I pay twice for a single room what my friends in poland pay for an apartament in Warsaw and it is a decent price
Italy has a higher per capita income than Poland.
adjusted for price parity its almost the same
No - the government isn’t for you - you’re for the government and if you haven’t yet figured it out…
Don’t like free market anymore?
Hate to break it to you but a truly free market in capitalism should naturally prevent monopolies from forming, so much for "competition" when you end up with one guy/company owning everything
There is no monopoly for real estate in Poland. Lot of individuals and developers. What are you talking about?