tag:blogger.com,1999:blog-19740856.post7321416466058643077..comments2024-03-29T05:29:51.250-07:00Comments on India's housing bubble: The real estate cookie crumblesUnknownnoreply@blogger.comBlogger4125tag:blogger.com,1999:blog-19740856.post-48958906921014356662009-04-15T06:44:00.000-07:002009-04-15T06:44:00.000-07:00The real estate sector should be opened up to fori...The real estate sector should be opened up to foriegn players. What technology does DLF have that some company in US doesnt have ? Atleast, branded players and international competition will force these guys to behave. I think it is the same with all Indian companies with monopolies, until 20 years back Bajaj used to make junk scooters and tell the customer off in much the same wayAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-33937902581599436162009-04-14T17:24:00.000-07:002009-04-14T17:24:00.000-07:00This article is very timely and relevant. As I quo...This article is very timely and relevant. As I quote Cameron Muir, an economist, "Home sales are unlikely to fall much further..That being said we expect home sales not to decline much further." <br /><br />But it's never too late, with the right business plan set up, it will lead to valuable outcome. This is what most counselors would give as an advise.COACHING BY PETERhttp://www.coachingbypeter.com/sha/noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-10505334550648997512009-04-14T15:52:00.000-07:002009-04-14T15:52:00.000-07:00The crisis is going to fully explode in 09. People...The crisis is going to fully explode in 09. People who think that the global economy has turned around are irrational optimists. US will experience a lot of pain before bottoming maybe in 2011. India's RE will experience a very sharp drop in the coming 6 months. The drop in share prices usually preceded by 6 months the actual drop in real estate prices. So the share prices of DLF, Unitech, Shobha and others is just reflecting what is going to happen to Apartment prices and the fall is going to be severe to make an understatement. The next shoe to drop will be banks and other support institutions showing a sharp decline.<br /><br />I have a question, newspapers are saying that we have a sharply dropping inflation (even if its in WPI terms). From what my friends and relatives inform me that actual reality in ground is that prices are still very high and possibly may go higher..So is the inflation really dropping or is the govt. cooking up figures in order to find an excuse to drop rates and print money? There was an article sometime back saying the UPA govt. has already printed some 200,000 Crores...which means galloping inflation times for India up ahead.Vidyanshu Pandeyhttps://www.blogger.com/profile/03859360843032459316noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-25713936189870825902009-04-14T13:10:00.000-07:002009-04-14T13:10:00.000-07:00New York Area Home Prices to Fall 15%, Rosen Says ...<A HREF="http://www.bloomberg.com/apps/news?pid=20601087&sid=avIKJbIquH8w&refer=home" REL="nofollow">New York Area Home Prices to Fall 15%, Rosen Says </A>April 14 (Bloomberg) -- Home prices in the New York City metropolitan area will fall as much as 15 percent as Wall Street firms cut jobs and slash bonuses, according to Kenneth Rosen, an economist at the University of California, Berkeley. <br /><br />Luxury vacation markets such as the Hamptons on the east end of Long Island, New York; Lake Tahoe in California; and Aspen, Colorado will also suffer as the recession deepens, said Rosen, chairman of the Fisher Center for Real Estate and Urban Economics. Prices may fall 20 percent in those areas. <br /><br />“These declines are happening but aren’t showing up in the data yet,” Rosen said in an interview. “Any place hit by the financial crisis will have substantial declines.” <br /><br /><B>The S&P/Case-Shiller index of prices in 20 U.S. cities fell 19 percent in January from a year earlier, the biggest drop on record. New foreclosures, a glut of unsold homes and eroding household wealth are driving down prices amid the worst housing crisis since the 1930s.</B> The U.S. economy shed 663,000 jobs last month and the unemployment rate rose to a 25-year high of 8.5 percent, according to the Labor Department. <br /><br />In New York City, apartment prices fell 19 percent in the first quarter from a year earlier to an average $805,000, the Real Estate Board of New York said last week. <br /><br />Rising Unemployment <br /><br />City Comptroller William Thompson predicted in March that 250,000 jobs would be lost in the five boroughs before the recession ends. New York City’s unemployment rate rose to 8.1 percent in February from 6.9 percent in January, a record month- to-month increase, according to the state Labor Department.Anonymousnoreply@blogger.com