tag:blogger.com,1999:blog-19740856.post1859814989131158009..comments2024-03-28T00:59:01.483-07:00Comments on India's housing bubble: Underwater Mortgages Reach Epidemic LevelsUnknownnoreply@blogger.comBlogger61125tag:blogger.com,1999:blog-19740856.post-12678898152456753212012-12-07T04:10:30.895-08:002012-12-07T04:10:30.895-08:00This comment has been removed by the author.rajnihttps://www.blogger.com/profile/06444939579267581761noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-11653676606993396812009-08-18T06:53:04.138-07:002009-08-18T06:53:04.138-07:00Anonymous @ 5:36 AM
Hi Chembur Hunter Here
So peo...Anonymous @ 5:36 AM<br />Hi Chembur Hunter Here <br />So people have come down from 80 % to 70% to now 60% ha ha ha,,,<br />Now tell me 60% drom means residual ( remaining value) is 40 % right – as I learnt maths ( no pun intended) where 100-60=40 – or PLEASE SOMEONE TELL ME IT IS SOMETHING ELSE!!<br />Man I started dreaming big! As my budget is 50 L and worst case I can sell my current house and arrange 15 L Extra ( I am not talking about LOAN that will be above it!) so I can stretch upto 60 L<br />Now If a 1 crore property is going to become 40 L according to you –then 1.5 crore property is going to become 60 L and 1.75 Crore property will be 70 Lack right? THIS IS SIMPLE MATH –RATIO PROPORTION NOT ANY FANCY PREDICTION MODEL WITH TRIPLE INTEGRATIONAND LAPLASE TRANSFORMS .OR YOU LAERNT DIFFERENT MATHS<br />So if I’ll wait for some time ( don’t know when it will be) I can dream of Bandra right !!<br />Now yes my other property will fail but again my 50 L will be accumulating interest right???<br />So read this – I think I am a fool but don’t know why a this Anonymous @ 11:11 am laughed at me?<br />( This is comments from one post earlier)<br /><br />**************************************<br /><br />I wrote<br />--------------<br />Chembur Hunter here ...<br />My dream area is really bandra - so as per sailesh and pessimistic team my 50 L should fetch a 2 BHK + 2 parking home in bandra in 2 years am I right?( Current value appx 1.5 Crores)<br />Do anyone believe this will happen?<br /><br />Anyway shailesh know any builder personally? I know one smalltime one and frankly these guys are not worried -in fact hopeful.<br /><br /><br /><br /><br /><br />NOW Anonymous @ 11:11 Wrote<br />--------------------------------<br />Chembur Hunter / BB<br /><br />You are so hilarious..changing names, changing sentence construction, but remaining the same BB. You want a 50 lakhs flat in Bandra? Why not Peddar Road or Worli Sea Face? Ha Ha Ha Ha<br /><br />Look at yourself..so funny. I think that's one of the reasons I come here to read your comments. Its definitely worth a laugh most times!!<br /><br /><br /><br /><br /><br />MY ANSWER WAS – AND READERS AM I WRONG WITH MY MATHS???:) Please let me know<br />-----------------------------------------------------<br /><br />Anonymous @ 11.11<br />Chembur Hunter Here - and I am different than BB<br /><br />I am not the laughing stock but people like you who are predicting 70% fall across India - you are living in fool's paradise!<br /><br />YOU said 70% fall is possible AGAINST today's prices right so remaining value is 30% ( As per math I learnt 100-70= 30) IS THIS RIGHT MEANING OF 70 % FALL?<br /><br />Now In bandra good 2 BHK is available @ 1.5 Crore - Assume @ 1.7 Crores - Now after 70% fall predicted by YOU remaining value is 51 L ( 1.7 x 0.3 = .51) I think math is right ? :)))<br /><br />Remaining 4-5 lack like Stamp duty Registeration, Commission I can arrange<br /><br />1.5 Crore flat post 70% fall is 45 L + 5 l = 50 L -is my budget<br /><br />SO DEAR SHALL I WAIT FOR 70% FALL ? HA HA HA<br /><br />YOU said fall is 70% not ME and when I just gave an example you started laughing? <br /><br />And I say being crorepati is NO big thing in Mumbai - those who are born n brought up and bought homes apart from parental homes at right time ( i was late but slightly)- without stressing finances became crorepati due to property valuation!<br /><br />You are laughing ,but seriously I am telling you check your family net worth - libalitiex and you may be touching that figure of 1 crores!!<br /><br />I AM NOT DREAMING OF BANDRA -BUT LEAVING IN HARSH REALITY THAT 50 L IS NOT FETCHING A DECENT ACCOMADATION IN CHEMBURAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-47911740820968089512009-08-16T11:24:02.936-07:002009-08-16T11:24:02.936-07:00Anonymous @ 11.11
Chembur Hunter Here - and I am d...Anonymous @ 11.11<br />Chembur Hunter Here - and I am different than BB<br /><br /> I am not the laughing stock but people like you who are pedicting 70% fall across india - you are living in fool's paradise!<br /><br />YOU said 70% fall is possible AGAINST today's prices righrt so renmaing value is 30% ( As per math I learnt 100-70= 30) IS THIS RIGHT MEANING OF 70 % FALL?<br /><br />Now In bandra good 2 BHK is available @ 1.5 Crore - Assume @ 1.7 Crores - Now after 70% fall predicted by YOU emaing value is 51 L ( 1.7 x 0.3 = .51) I think math is right ? :)))<br /><br />Remaing 4-5 lack like Stamp duty REgistrn,Commision I can arrange<br /><br />1.5 Crore flat post 70% fall is 45 L + 5 l = 50 L -is my budget<br /><br />SO DEAR SHALL I WAIT FOR 70% FALL ? HA HA HA<br /><br />YOU said fall is 70% not ME and when I just ave an example you started laughing? <br /><br />And I say being crorepati is NO big thing in Mumbai - those who are born n brought up and bought homes apart from parental homes at right time ( i was late but slightly)- without stressing finances became crorepati due to property valuation!<br /><br />You are laughing ,but seriously I am telling you check your family net worth - libalitiex and you may be touching that figure of 1 crores!!<br /><br />I AM NOT DREAMING OF BANDRA -BUT LEAVING IN HARSH REALITY THAT 50 L IS NOT FETCHING A DECENT ACCOMADATION IN CHEMBUR!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-18519236712128062272009-08-14T11:11:45.812-07:002009-08-14T11:11:45.812-07:00Chembur Hunter / BB
You are so hilarious..changin...Chembur Hunter / BB<br /><br />You are so hilarious..changing names, changing sentence construction, but remaining the same BB. You want a 50 lakhs flat in Bandra? Why not Peddar Road or Worli Sea Face? Ha Ha Ha Ha<br /><br />Look at yourself..so funny. I think that's one of the reasons I come here to read your comments. Its definitely worth a laugh most times!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-45691455670920091992009-08-14T10:59:11.986-07:002009-08-14T10:59:11.986-07:00Chembur Hunter here ...
Why ppl are laughing as BB...Chembur Hunter here ...<br />Why ppl are laughing as BB being croropati ....man I mumbai because of property there must be thousands of croropati - so what ias the big deal<br /><br />My dream area is really bandra - so as per sailesh and pessimistic team my 50 L should fetch a 2 BHK + 2 parking home in bandra in 2 tears am I right?( Current value appx 1.5 Crores)<br /><br />Do anyone beleive this will happen?<br /><br />Anyway shailesh know any builder personally? I know one smalltime one and frankly these guys are not worried -in fact hopeful.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-42566304930967415042009-08-14T09:01:53.284-07:002009-08-14T09:01:53.284-07:00What no response from BB?What no response from BB?shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-24456551506991492032009-08-13T16:33:57.532-07:002009-08-13T16:33:57.532-07:00This article was published in Aug -2005 & toda...This article was published in Aug -2005 & today you can see it is perfectly following 18 years cycle.<br /><br />The 18-year cycle<br />House prices can’t rise indefinitely for the simple reason that at some point they become unaffordable. Wages can’t rise as fast as house prices can when a speculative frenzy is underway, so there will come a point when the average man can’t buy the average house, and prices have to fall as a result. My research shows that this tends to work in 18-year cycles. There are usually 14 years of rising prices followed by four years of recession across the broader economy. I’ve looked at data across four continents and at 300 years of British economic history and it seems that this 18-year cycle is present across the globe, irrespective of the distinctive characteristics of each economy – whether the country is resource-rich (USA) or resource-poor (Japan), or whether the population is high density (the UK), or low density (Australia).<br />http://www.moneyweek.com/investments/<br />property/bust-will-follow-boom---but-when.aspx<br /><br />The unemployment figures mean carnage for the property market<br /><br />But the real damage of a further job loss surge is likely to be a flood of home loan defaults. Stansfield reckons the number of residential property borrowers who fall behind with their payments could climb even higher than the 350,000 level reached in the 1990s recession.<br /><br />http://www.moneyweek.com/news-and-charts/<br />economics/uk-economy-unemployment-house-prices-93308.aspx<br /><br />So guys let it fall then only pick up, minimum 50% price cut is guarantee.<br /><br />Vulture.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-22714099688152065252009-08-13T15:47:04.482-07:002009-08-13T15:47:04.482-07:00If you have guts call me on 100 & give me your...If you have guts call me on 100 & give me your pan number.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-5374453997477207412009-08-13T08:56:54.192-07:002009-08-13T08:56:54.192-07:00What you are saying and what NTC is expecting is e...<i>What you are saying and what NTC is expecting is exatly the opposite. I think you have not read your link properly.</i><br /><br />All, I am saying is when companies like NTC start precedence of not honoring Auction process, everyone will start mis-trusting them. What is guarantee that when a bidder wins a bid in next auction, they will actually get the land? Lodha's increased their bid to meet minimum reserve price. Now NTC sees that market seems improving and want to get out of Auction. It is short sightedness.<br /><br />Also the way they set reserve price it self says something. They priced it 1000+ cr first, it did not sell so set it to 710 cr. That is called chasing the market down, when the prices were set unrealistic to begin with. Once builder will develop mis-trust, no one will bid at such exorbitant prices.<br /><br /><i>On topic of Airport</i><br /><br />There are looser everywhere. I am not sure if builders will be able to wiggle easily out by paying hefty sums to politicians. I am suspecting government is tied due to all PIL like litigations. That is why in India always - "Caveat emptor"shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-11933195131754668942009-08-13T08:56:53.338-07:002009-08-13T08:56:53.338-07:00What you are saying and what NTC is expecting is e...<i>What you are saying and what NTC is expecting is exatly the opposite. I think you have not read your link properly.</i><br /><br />All, I am saying is when companies like NTC start precedence of not honoring Auction process, everyone will start mis-trusting them. What is guarantee that when a bidder wins a bid in next auction, they will actually get the land? Lodha's increased their bid to meet minimum reserve price. Now NTC sees that market seems improving and want to get out of Auction. It is short sightedness.<br /><br />Also the way they set reserve price it self says something. They priced it 1000+ cr first, it did not sell so set it to 710 cr. That is called chasing the market down, when the prices were set unrealistic to begin with. Once builder will develop mis-trust, no one will bid at such exorbitant prices.<br /><br /><i>On topic of Airport</i><br /><br />There are looser everywhere. I am not sure if builders will be able to wiggle easily out by paying hefty sums to politicians. I am suspecting government is tied due to all PIL like litigations. That is why in India always - "Caveat emptor"shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-69803589368686300772009-08-13T07:58:36.171-07:002009-08-13T07:58:36.171-07:00Supply is contrained! That's a big joke!!!
Bu...Supply is contrained! That's a big joke!!!<br /><br />Building after building are lying empty..the price have been driven up artificially and not due to any supply constraint.<br /><br />These fools do not understand the concept of cost of capital..living on debt day to day and this is the sector which is going to revive??!!<br /><br />Its so hugely funny....just sit to oneside when these giants collapse and then you can feast..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-84303701342913726892009-08-13T07:46:08.645-07:002009-08-13T07:46:08.645-07:00Ha Ha Ha Ha Ha....
I had to roll in the floor lau...Ha Ha Ha Ha Ha....<br /><br />I had to roll in the floor laughing at this stupid BB. He writes such homilies and then posts gali's as anon. Then he asks other people to have balls!<br /><br />Secondly, this is the same BB who had no idea about compound interest and the impact of inflation on rental income...he had no idea on how to calculate %age gain. Today he is talking such nonsense about rent discounting!<br /><br />BB a crore pati??!! more likely a crow pati..Ha Ha Ha Ha Ha ....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-77659056895719753242009-08-13T07:43:34.491-07:002009-08-13T07:43:34.491-07:00Jairam isn't keen on development of city's...Jairam isn't keen on development of city's salt pans<br />http://timesofindia.indiatimes.com/news/city/mumbai/Jairam-isnt-keen-on-development-of-citys-salt-pans/articleshow/4887807.cmsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-87483972732588720442009-08-13T07:35:25.687-07:002009-08-13T07:35:25.687-07:00Shailesh,
What you are saying and what NTC is exp...Shailesh,<br /><br />What you are saying and what NTC is expecting is exatly the opposite. I think you have not read your link properly.<br /><br />Jairam has also mentioned that he wont allow the salt pans to be developed which means again the supply is curtailed in Mumbai. Have you read about the FSI today on CRZ. The Govt has clearly stated that they wont allow extra FSI on CRZ properties. All these factors will put additional strain on supply front in Mumbai.<br /><br />I think we are fighting a loosing battle.<br /><br />AKAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-62234938105389168862009-08-13T07:16:49.684-07:002009-08-13T07:16:49.684-07:00This is interesting Shailesh, large # of people ha...This is interesting Shailesh, large # of people have/are investing in New Bombay purely cos of the proposed airport! I am sure it would get approved ultimately, more hands wd be greased and returns would materialize eventually.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-20958183836190218302009-08-13T06:53:13.920-07:002009-08-13T06:53:13.920-07:00Navi Mumbai airport not yet approved: Ramesh
Mumb...<a href="http://www.hindu.com/2009/08/13/stories/2009081362432000.htm" rel="nofollow">Navi Mumbai airport not yet approved: Ramesh</a><br /><br />Mumbai: Union Minister of Environment and Forests Jairam Ramesh on Wednesday said that his Ministry had not yet given the approval for the Navi Mumbai airport project.shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-27555228858848645732009-08-13T06:36:42.745-07:002009-08-13T06:36:42.745-07:00Classic case of chasing the market down.... NTC wi...Classic case of chasing the market down.... NTC will have so much tough time selling all other things due to this one stupid decision. I guess Politicians fiddling around is much to blame.<br /><br />The NTC has called for bids for Finlay Mills thrice since December 2008. The first time, the highest offer was just Rs 405 crore made by D B Realty (Nine Paradise Hotels Pvt Ltd). NTC had then fixed the reserve price at Rs 1,065 crore. In March, when the bids were called again, there was only one interested party from Chennai; but it was disqualified because it had not submitted the entire earnest deposit amount.<br /><br />Realising that the property market conditions were not so happening, NTC called for the bids a third time but slashed the reserve price to Rs 710 crore.<br /><br />There were only two contenders-Lodha and Indiabulls Real Estate (Angina Properties)-when bids were opened last month. Indiabulls could quote only Rs 520 crore and was out of the fray.<br /><br /><a href="http://timesofindia.indiatimes.com/NEWS/City/Mumbai/NTC-no-to-Lodhas-Rs-710-cr-bid-for-Finlay-plot/articleshow/4846638.cms" rel="nofollow">NTC no to Lodha's Rs 710-cr bid for Finlay plot</a>shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-91970586473459674392009-08-13T06:31:10.372-07:002009-08-13T06:31:10.372-07:00The party which was driving the IT boom ( and the ...The party which was driving the IT boom ( and the associated Real Estate bubble in Pune, Bangalore..) is over. All the reckless buyers/debtors ( IT guys) are out of this giant ponzi scheme.<br /><br /><a href="http://www.reuters.com/article/newsOne/idUSTRE57C0M620090813" rel="nofollow">U.S. home foreclosures set another record in July</a><br /><br />Thu Aug 13, 2009 8:12am EDT<br /><br />NEW YORK (Reuters) - U.S. home loans failed at a record pace in July despite ongoing federal and state programs to avoid foreclosures, which have severely strained housing and the economy.<br /><br />Foreclosure activity jumped 7 percent in July from June and <b>32 percent </b> from a year earlier as <b>one in every 355 households with a loan got a foreclosure filing</b>, RealtyTrac said on Thursday.<br /><br />Filings -- including notices of default, auction and bank repossession -- have escalated with unemployment.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-61784724977360413962009-08-13T06:27:50.192-07:002009-08-13T06:27:50.192-07:00Now, an IPO deluge. Another bubble building up?<a href="http://trak.in/tags/business/2009/08/10/now-an-ipo-deluge-another-bubble-building-up/" rel="nofollow">Now, an IPO deluge. Another bubble building up?</a>shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-43649414553357648992009-08-13T06:26:48.509-07:002009-08-13T06:26:48.509-07:00This is really interesting. First of all Lodha agr...This is really interesting. First of all Lodha agrees to increase bid to 710 cr at request of NTC, since in previous bid all were below reserve price. Now the market tone seems up, NTC want Lodha to up the ante. What is sanctitiy of auction process?<br /><br /><a href="http://www.dnaindia.com/mumbai/report_ntc-asks-bidder-to-reconsider-finlay-offer_1281605" rel="nofollow">NTC asks bidder to reconsider Finlay offer</a>shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-90611569296021113612009-08-13T06:01:06.907-07:002009-08-13T06:01:06.907-07:00BB: Looks like, your jig is up. You are in RE busi...BB: Looks like, your jig is up. You are in RE business. Most likely an agent. You were developer, you would be running around doing construction. Your income went thru roof when RE went into bubble zone. Now its kind of difficult to keep up with last few years.<br /><br />The last thing I want to trust is the person who benefit from more RE sells. The Developers, Agents, Analysts and Media all fall into that category. Have you seen any one analyst who predicted crash? They have hidden benefit from cheer leading the bull run.<br /><br />Well, did not realize that was old news. I don't do this daily. But that confirms the bust theory even more.<br /><br />It seems NTC is scared of market want to get rid of properties by doing Auctions. They are expecting almost Rs. 20K per sqft. The real test will be on this auction. If it sells at anything above Rs. 15K per sqft in next 6 months, I will bow down. If the auction gets delayed or reserve price gets marked down, that will confirm the theory that builders are dead scared.<br /><br /><a href="http://www.livemint.com/2009/08/02214942/Bigticket-land-buys-on-realty.html?h=B" rel="nofollow">Big-ticket land buys on realty radar again</a>shaileshhttps://www.blogger.com/profile/14407031960831830463noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-91852431305529835402009-08-13T05:12:09.974-07:002009-08-13T05:12:09.974-07:00Bindaas Bhai is sleeping with builders and RE brok...Bindaas Bhai is sleeping with builders and RE brokers.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-84624536982882342882009-08-13T03:17:49.897-07:002009-08-13T03:17:49.897-07:00If you are so interested in knowing my tax returns...If you are so interested in knowing my tax returns,give me you phone number i will call you and give you my pan number. Now let us see who has balls.Give me your mobile number so that you can also see my number.<br /><br />Let us see your guts!!<br /><br />Bindas BhaiBindas Bhaihttps://www.blogger.com/profile/00800971599000783066noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-62444373012389841472009-08-13T02:55:42.433-07:002009-08-13T02:55:42.433-07:00Rent Discounting is Just like Bill Discounting whe...Rent Discounting is Just like Bill Discounting where your future receivables are discounted at an interest rate. (around 13-14%) and I don't understand how come TDS etc. comes into picture and taxes are reduced. Did anyone understand the math of BB? or is it that I have forgotten my fundaes. Rent Discounting is relatively new product in the market.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-89504108280789807802009-08-13T02:47:10.683-07:002009-08-13T02:47:10.683-07:00Yes I am the same retired old man. And I could hav...Yes I am the same retired old man. And I could have had the balls to admit it but they were lost during a safari in Africa.<br /><br />You are mistaken if you feel that you pay tax in a year which I won't pay in my lifetime. If you really have balls send me your PAN number. Will see how much tax you have paid.Anonymousnoreply@blogger.com