Monday, November 03, 2008

CNN -IBN poll

CNN-IBN is conducting a poll on the state of the real estate market in India. Click here to cast your vote. The battle is between the hesitant buyer against to the defiant seller. Its a poker situation where each one is waiting for the other guy to blink. The banks are mute spectators to the shenanigans of the RBI governor and Chidambaram. They would rather lend at current rates and hope that builders drop prices, rather then lower rates and pass on the profit to the builders.

6 comments:

Anonymous said...

How do we see the poll results?

Anonymous said...

anon.. CNN-IBN will release the poll results... thats the RE strategy...

Anonymous said...

Whatever may be the poll results, who cares? We are playing a bear strategy, first let it fall then collect.

Anonymous said...

Well, I think the results are going to be biased towards the party that is paying for it.

Believe your instinct that the prices will fall by at least 50-60%.
If you still believe that prices will not fall, please go ahead and buy some more flats. Then wait and watch for 25 years for the prices to rebound.

Anonymous said...

Good predicition I think u should join Met department. All the best. I am hearing this kind of predicition since last year.

Anonymous said...

Gaand Fatne waali hai for people who are not buying now. No sooner the interest rates starts falling these guys will pay more and buy. Then after guys buy then only market will fall. Same happened with stock market, the market waited for fence sitters and once they participated in reliance power shares it fell!!!