tag:blogger.com,1999:blog-19740856.post7419287337855642524..comments2024-03-15T23:19:37.831-07:00Comments on India's housing bubble: Buy a house, get mesothelmia freeUnknownnoreply@blogger.comBlogger9125tag:blogger.com,1999:blog-19740856.post-77509341906885273942012-12-07T01:50:33.369-08:002012-12-07T01:50:33.369-08:00This comment has been removed by the author.rajnihttps://www.blogger.com/profile/06444939579267581761noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-48726592920795366482010-01-20T02:50:36.371-08:002010-01-20T02:50:36.371-08:00Its true that India is getting to much costly in r...Its true that India is getting to much costly in real estates in these days. Not even in India every where the situation is same.Home Loanshttp://www.home123.comnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-939914062911913192010-01-19T11:04:59.985-08:002010-01-19T11:04:59.985-08:00Most NRIs are the most idiot greedy creed today. E...Most NRIs are the most idiot greedy creed today. Even after seeing the housing bust in US for the last 2 years, they were still buying properties worth crores in India. <br /><br />A lot of NRIs in US are losing hundreds of thousands of dollars. These NRIs took money against their houses in 2003-2006 and invested in India. Now they are screwed in US and waiting to get screwed in India. <br /><br />They bought the story that India will never go down in prices.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-90459235156889080032010-01-19T08:40:59.533-08:002010-01-19T08:40:59.533-08:00NRIs confidence level in buying a
propertyy in In...NRIs confidence level in buying a <br />propertyy in India and holding it<br />on is plummeting by the day:<br /><br />http://economictimes.indiatimes.com/markets/real-estate/news-/Overseas-Indians-face-big-problems-when-investing-in-Indian-real-estate/articleshow/5428924.cmsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-27844423139776729282010-01-19T05:55:41.766-08:002010-01-19T05:55:41.766-08:00India's projected GDP growth of 8% will go bac...India's projected GDP growth of 8% will go back to under 5% if interest rates rise. <br /><br />All the growth India saw since 2009 recession, has been due to the 98 billion USD tax incentive to industries etc. in India plus historically low interest rates. Now when stimulus expires and rates rise, the stock market could very well correct by 30%. And RE has no future. We already have a supply of houses for the next 20 years. Who are builders building for? Speculators???Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-3427683970657765472010-01-19T05:14:48.158-08:002010-01-19T05:14:48.158-08:00Anon above:
You are right that the Govt. has to ra...Anon above:<br />You are right that the Govt. has to raise rates. But they should have done that 6 months back. They can do it if they are not sleeping with the builders and bankers. They will prolong it till they can probably another 3-4 more months.<br />And then also it will an increase of only 25 basis points. <br /><br />I think this greed of the power players will lead to something catastrophic in a year or two in the form of RE crash accompanied by major issues for Indians as pointed by first anon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-13238491266849830742010-01-19T04:08:43.585-08:002010-01-19T04:08:43.585-08:00Sooner or later they have to raise interest rates....Sooner or later they have to raise interest rates. In UP, Mulayam Yadav was arrested yesterday for leading a rally to protest high prices...Sooner or later the whole country is going to start shouting.<br /><br />Then the govt. has to raise interest rates. Then the equity/realty markets will crash and that will be the beginning of the great correction. If the govt. does not correct the interest rates, we will have rampant inflation and this govt. will be voted out soon and then the next govt. will have to do something about the inflation...So its just a matter of time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-89004754612968461362010-01-18T19:38:52.328-08:002010-01-18T19:38:52.328-08:00One thing I can predict is that people may revolt....One thing I can predict is that people may revolt. There are around 800-900million people living in poverty. If they revolt, all comes down like a pack of cards.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-7357810816150464692010-01-18T17:00:20.445-08:002010-01-18T17:00:20.445-08:00THE WHOLE COUNTRY IS ON DOPE.
Everyone is giving ...THE WHOLE COUNTRY IS ON DOPE.<br /><br />Everyone is giving reasoning for India's growth. But when all the lies will come to truth, it will lead to massive problems. Few things that could happen are:<br />--High unemployment.<br />--RE prices going down by more than 50%.<br />--Commercial RE to crash.<br />--High rise in crime.Anonymousnoreply@blogger.com