tag:blogger.com,1999:blog-19740856.post8555440939864089881..comments2024-03-29T05:29:51.250-07:00Comments on India's housing bubble: No one’s buying a house in and around MumbaiUnknownnoreply@blogger.comBlogger119125tag:blogger.com,1999:blog-19740856.post-9679528822994235792018-04-20T03:06:11.734-07:002018-04-20T03:06:11.734-07:00Interested information shared about real estate. T...Interested information shared about real estate. Thanks for sharing.<br /><a href="http://www.voora.co.in" rel="nofollow">Property Developers in Chennai</a>Anonymoushttps://www.blogger.com/profile/03318893819371937142noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-79262794705397899372012-12-07T01:05:28.006-08:002012-12-07T01:05:28.006-08:00Hey this is really very nice post...
Nd one of you...Hey this is really very nice post...<br />Nd one of your best post...Thanks<br /><a href="http://www.proptiger.com/residential-apartments-flats-kolkata.php" rel="nofollow">Flats in kolkata</a>rajnihttps://www.blogger.com/profile/06444939579267581761noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-89248207063602585822010-10-22T13:37:45.405-07:002010-10-22T13:37:45.405-07:00Anon above.
So by being VP in #3 investment bank...Anon above. <br /><br />So by being VP in #3 investment bank makes you eligible to start calling people names. WOW!!<br /><br />Any sense in your nonsense? What was your point by the way? Just wanted all to know that you are VP and your kids do not goto Public schools? oh thank now we know where stupid bankers stay - in Middlesex county in NJ !<br /><br />Middlesex county is mini India, many working in Banks/Wall Street. Ya you are obviously stinking rich, way above normal people and hence you look down everyone in public schools.<br /><br />Grow up and be and act like VP.Desi Batmanhttps://www.blogger.com/profile/09682126344769532066noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-77451209357148648182010-10-20T12:28:57.742-07:002010-10-20T12:28:57.742-07:00I am VP in # 3 US investment Bank ( ya you guys st...I am VP in # 3 US investment Bank ( ya you guys start hating me) .. desibatman is fool.. my kid is does not go to US public school. .in fact none of my collegue's kids are in public school though they claimed to be good in middlesecx county in NJ. I am at least 7-8 level down below CEO..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-17661995140886646642010-08-31T08:25:44.162-07:002010-08-31T08:25:44.162-07:00Looking at Indians and India are two different per...Looking at Indians and India are two different perspective. <br /><br />Looking at Indians feeling is 'Anything is Possible' and looking at India feeling is 'Nothing is Possible'.<br /><br />What to believe and not believe.<br /><br />For India, one crore is nothing, all news and everything they talk in atleast of 100's of crores figures. But for a Indian, one crore is HUGE amount.<br /><br />Keep buying RE folks. Bigger the bubble faster it will burst. I am getting impatient now. PLEASE BUY.Desi Batmanhttps://www.blogger.com/profile/09682126344769532066noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-19754922577953839252010-08-31T07:31:25.102-07:002010-08-31T07:31:25.102-07:00Vik,
Post a new article. This thread is getting bi...Vik,<br />Post a new article. This thread is getting bigger and slower.<br /><br />Are you trying to inflate it like the RE bubble.<br /><br />Jai HindAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-14011597663215042302010-08-31T07:30:09.247-07:002010-08-31T07:30:09.247-07:00Just heard that India reported 8.8% GDP, which is ...Just heard that India reported 8.8% GDP, which is really high I think. It means inflation is returning and more interest rate increases.<br /><br />Secondly I heard that India along with all BRIC is in a major Bond bubble. I bet foreign investers will run away from India on one bad news and would crash the economy in a major way.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-84112702832886351352010-08-31T07:23:27.210-07:002010-08-31T07:23:27.210-07:00@Desi above:
One of the biggie would be Optimism t...@Desi above:<br />One of the biggie would be Optimism that housing never goes down and India is becoming a superpower and going to overtake USA in a few years. Indians are so great that Americans run after them to get their projects done.And that's the reason they send jobs to India. Not because they are cheap labour but becuase people in India have brains. Rest of the world is full of fools.<br /><br />People are so high on dope and optimism, that they cannot see any fall in the next 10-20 years. All they see is growth. This sentiment lets people to invest more and more in RE. TO save for their daughter's marriage, for son's MBA in USA etc. or solely for speculative purposes. Greed is good but right now what I see is excessive lust for money in all parts of the country. <br /><br />Jaisi karni waisi bharni.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-51988435820628977692010-08-31T07:10:22.792-07:002010-08-31T07:10:22.792-07:00Yesterday, I was discussing the RE prices in India...Yesterday, I was discussing the RE prices in India with my colleague in USA. He says 'WOW, what do these people do?'<br /><br />Best explanation I could come up with was:<br />1. Black money. I tried to explain the effect of no taxes paid by corelating to tax free weekednd in USA. Well, tax free weekend is limited to school usage items only.. and the sale rises in that weekend. Just expand this to everything available in store and you will see everything getting sold.. a demand!<br />2. Corruption. CWG, day to day bribes.<br />3. Offshoring of jobs.<br />4. Four to five people living in 300 sq. foot apartment. They are happy to live that way while they rent the house they just bought. Basically compromising quality of life for money earned.<br />5. Investment of foreign funds.<br />6. Policies in USA are no more employee friendly, it has started to hurt countrymen.. policies like Social Security Taxes, Tax breaks for rich folks, Healthcare costs, etc..<br /><br />Do add more to this list.Desi Batmanhttps://www.blogger.com/profile/09682126344769532066noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-68503874089244566772010-08-31T06:45:07.638-07:002010-08-31T06:45:07.638-07:00BB,
Whe you read and post so may US articles, I...BB,<br />Whe you read and post so may US articles, I'm sure you are aware of US RE prices. Why go to Pune from Mumbai. Why not invest in the US directly. You can easily get flats and really good flats in good parts of US for like 20-25 lacs and the rental return is far greater then INdia. Then why waste your time and energy in India market. It has already peaked and is a massive rat race there. It will be another 3-4 years till the prices drop in India to 60% of their current value. Whereas you may see your investments safe in US.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-91248014100964455912010-08-31T03:45:38.379-07:002010-08-31T03:45:38.379-07:00DhImAn said...
@ Bindas Bhai:
Who are yo...DhImAn said...<br /><br /> @ Bindas Bhai:<br /><br /> Who are you and what have you done with the real Bindas Bhai?<br /><br /> 11:17 PM<br /><br />I am clearing my stock in Mumbai and investing in Kharadi Pune. I see value over there, if the prices go up I will get better returns then Mumbai and if the prices fall I will loose less in comparison with Mumbai.<br /><br />I hope i am on the right track.<br /><br />All the best guys!!!<br /><br />Bindas BhaiBindas Bhaihttps://www.blogger.com/profile/00800971599000783066noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-6461649158203108482010-08-31T00:27:26.744-07:002010-08-31T00:27:26.744-07:00Explainer: Why the Fed's Hands are Tied When i...Explainer: Why the Fed's Hands are Tied When it Comes to Deflation<br /><br />With consumer prices rising so little that they look like a deflating soufflé, Fed Chairman Ben Bernanke now has publicly faced the fact that the Fed must fight deflation rather than the central bank's old nemesis, inflation. At a meeting in Jackson Hole, Wyo., this week, he said what he had to say -- that deflation is "not a significant risk for the United States at this time." Nonetheless, in time-honored Fed speak, he added that the Federal Reserve "will strongly resist deviations from price stability in the downward direction.”<br /> <br />As the New York Times reporter commented in the August 27, 2010, report, "It was his most robust statement to date that the Fed would do its part to avoid a Japanese-style deflation from taking hold."<br /> <br />Watch out, below! Here comes more quantitative easing, which means that the Fed will create more money on its books and start buying up banks' bad loans to provide them with more money to lend. But the Fed can only go so far with this policy, as Bob Prechter explains in an interview he did with Justin Brill, managing editor of The Daily Crux, a financial daily digest website.<br /><br />All The best Guys<br /><br />Bindas BhaiBindas Bhaihttps://www.blogger.com/profile/00800971599000783066noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-8229317008741658312010-08-31T00:25:46.751-07:002010-08-31T00:25:46.751-07:00The Daily Crux: OK, so you don’t think the Fed wil...The Daily Crux: OK, so you don’t think the Fed will go that far. But what if the government got involved and tried to inflate its way out by issuing massive amounts of Treasury bonds to the Fed? Wouldn’t that create inflation?<br /><br />Robert Prechter: If the government tried to do that, bond holders would get spooked, and interest rates would go up and stay ahead of the printing. At the same time, other credit prices — municipal, corporate and consumer — would implode. When the supply of credit is far bigger than the supply of money — and it is by a huge margin — the value of old credit can contract faster than new bonds can be printed. The net result would still be deflation.<br /><br />But this is not the most likely scenario. Have you noticed that even the Fed chairman has been telling Congress it needs to stop spending and borrowing? The Fed doesn’t want this to happen any more than other creditors do.<br /><br />If the Treasury’s interest rates do soar, it will not likely be due to inflation fears but to fear of government default. If the government is forced to pay higher and higher rates, it will become a black hole for money. Spiraling Treasury rates would suck money from other sources, causing banks, municipalities and companies to fail, ruining all of their debts, which would be deflationary.<br /><br />Signals are clear US is in for deflation so sit on cash.<br /><br />All The best Guys!!!<br /><br />Bindas BhaiBindas Bhaihttps://www.blogger.com/profile/00800971599000783066noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-71568213257707096492010-08-30T23:17:45.828-07:002010-08-30T23:17:45.828-07:00@ Bindas Bhai:
Who are you and what have you done...@ Bindas Bhai:<br /><br />Who are you and what have you done with the real Bindas Bhai?DhImAnnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-1845696719443720182010-08-30T21:25:42.004-07:002010-08-30T21:25:42.004-07:00Rakesh,
What you are saying could be true and hav...Rakesh,<br /><br />What you are saying could be true and having said that I strongly believe that we follow herd mentality, The market just needs a trigger to fall. I feel the trigger will come from US followed by Europe, Japan and China.<br /><br />Demand is huge in India and from long term prescriptive and for actual user anytime is a good time provided you can service the EMI with ease.<br /><br />I strongly feel that Mumbai will see a major correction I could be wrong but definitely the odds are against the bulls.<br /><br />All the best guys,<br /><br />Bindas BhaiBindas Bhaihttps://www.blogger.com/profile/00800971599000783066noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-76680887666784751622010-08-30T21:12:50.060-07:002010-08-30T21:12:50.060-07:00If he did I wouldn’t blame him, the Chinese don’t ...If he did I wouldn’t blame him, the Chinese don’t mess around. They’ll deploy the execution bus in a minute, when that pulls up in front of your house, it’s not going to be a good day.<br /><br />China is not like India. In India, corruption is rampant and a way of life. Land of ignorant thieves.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-15726843187100332842010-08-30T21:11:12.531-07:002010-08-30T21:11:12.531-07:00This from STRATFOR:
“Rumors have circulated in Ch...This from STRATFOR:<br /><br />“Rumors have circulated in China that People’s Bank of China (PBC) Gov. Zhou Xiaochuan may have left the country. The rumors appear to have started following reports on Aug. 28 which cited Ming Pao, a Hong Kong-based news agency, saying that because of an approximately $430 billion loss on U.S. Treasury bonds, the Chinese government may punish some individuals within PBC, including Zhou….”Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-43604076534054822902010-08-30T19:46:15.797-07:002010-08-30T19:46:15.797-07:00Message to the Housing Sales and Finance Crime Syn...Message to the Housing Sales and Finance Crime Syndicate<br /><br />When you co-opt a very basic human need(housing in this case) and constrain the supply through marketing, forcing buyers to pay multiples of it’s actual worth in order to profit, you’ve got bad karma coming your way.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-18016114699532075232010-08-30T19:30:36.781-07:002010-08-30T19:30:36.781-07:00Bindaas bhai ko akal aayi to Rakesh is talking lik...Bindaas bhai ko akal aayi to Rakesh is talking like a fool. We always have a few fools on this blog. <br /><br />Rakesh: Read what Desi batsman has written. India and many other countries are sitting on an edge and will fall anytime now. Govt. can do only so much and they are done with their propping up the markets. If US sees a double dip, the fall in Asian countries will be faster and sooner. All the partying will get over. People will get worried aout EMIs and a salaried job even if it would pay 50% of their current salary.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-80200022705425117092010-08-30T16:02:28.321-07:002010-08-30T16:02:28.321-07:00India growth based on global investors. Party will...India growth based on global investors. Party will last as long as these investors squeeze every last drop of juice. <br /><br />Developed countries economics are in bad shape, globalization has made it easy for investors to move the money where they feel to get little more bang for their buck. <br /><br />Once these investors find place of little more returns... ya India will shine.. bright with fireworks. ;-)<br /><br />Welcome to globalazation.<br /><br /><br /><br /><a href="http://www.ibef.org/artdispview.aspx?art_id=26526&cat_id=412&in=23" rel="nofollow">Foreign Direct Investment in India</a><br /><br />The services sector comprising financial and non-financial services attracted 21 per cent of the total FDI equity inflow into India, with FDI worth US$ 4.4 billion during April-March 2009-10, while construction activities including roadways and highways attracted second largest amount of FDI worth US$ 2.9 billion during the same period. <b>Housing and real estate was the third highest sector attracting FDI worth US$ 2.8 billion </b>followed by telecommunications, which garnered US$ 2.5 billion during the financial year 2009-10. The automobile industry received FDI worth US$ 1.2 billion while power attracted FDI worth US$ 1.4 billion. during April-March 2009-10, according to data released by DIPP.Desi Batmanhttps://www.blogger.com/profile/09682126344769532066noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-37953740584214915262010-08-30T10:36:45.154-07:002010-08-30T10:36:45.154-07:00@ Rakesh 9:58 AM
One of my friend works for icic...<i><br />@ Rakesh 9:58 AM <br /><br />One of my friend works for icici bank told me there are huge number of buying who wants to buy house but they can't because prices are high, whenever there is small drop in prices they will line up for buying property and prices will either remain stable or go higher. <br /></i><br /><br />ya everyone wants to buy house, I am also lined up for buying. So whats new thing here?<br /><br />These huge number of people are lined up because.. <br />1. They want to stay in house<br />2. They want to have RE as an investment.<br /><br />Lining up at ICICI or any bank today is because:<br />1. Can afford current interest rate<br />2. Have a job/business that pays today to support EMI.<br /><br />Talking about IT sector ---<br />There is very little room in IT for getting increase in pay, because outsourcing IT jobs from USA will become expensive. Why do I know this? because I know general billing rates. IT companies are working on thin margins and mostly can afford only freshers. Trend to have 1 senior resource for every 10 freshers (used to be for every 4 freshers).<br /><br />Also do you think RBI will keep rates low forever (10+ years) to support these nonsense, heard of inflation?Desi Batmanhttps://www.blogger.com/profile/09682126344769532066noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-29962606663814005952010-08-30T10:26:27.956-07:002010-08-30T10:26:27.956-07:00Mr Rakesh,
Below is the search result of propert...Mr Rakesh, <br /><br />Below is the search result of properties for sale in Mumbai. I got this from TOI classified (magicbricks.com) as of Aug 30 2010. <br /><br />There may be many more that are not listed on website. Do you suggest magicbricks.com is fake? or these are not true sellers and have listed properties for having fun?<br /><br /><i>32408 Properties Found displaying: 1-50 <br />You searched for: Multistorey Apartment, India, Maharashtra, Mumbai<br /></i><br /><br />Moreover you think crores or lakhs of Rs are just lying on street for people to simply pickup and buy RE?<br /><br />To support higher RE and demand, your argument is based on IT company increasing 10% pay? Really? If so, then just pray (ALOT) that USA doesn't go into further deep recession. <br /><br />I would appreciate if you could elaborate on your logic... <br />What is average pay of IT person and What is average cost of housing in Mumbai.<br /><br />Let me know if flat today worth 1 crore is worth 2 or 3 crores in next year. Also those are selling at 2 to 6 crores today if they are sold next year at 4 to 12 crores.Desi Batmanhttps://www.blogger.com/profile/09682126344769532066noreply@blogger.comtag:blogger.com,1999:blog-19740856.post-59272751629162931122010-08-30T10:09:46.335-07:002010-08-30T10:09:46.335-07:0080,000 houses lying vacant is biggest joke. I stay...80,000 houses lying vacant is biggest joke. I stay in thane and there are only 4-5 apartments in my building owned by investors out of 40 and they are also given on rent. If you go and ask broker to show you apartments on rent, i bet they won't even account for more then 1% houses in those area, rest of them are owned and occupied by owners or rentals.<br /><br />more then 50% flats are sold out in brand new projects in thane in new projects and rest are available for exuberant prices which they can expect to sale in 3-4 years while project reaches completion. <br /><br />RakeshAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-54841113099427997022010-08-30T10:03:15.694-07:002010-08-30T10:03:15.694-07:00while i was in united states, i noticed houses was...while i was in united states, i noticed houses was cheaper in some parts (Texas, Michigan etc,.) but there are less jobs there, there are large number of spare houses available for sale, but there its not like india. <br /><br />In india there is huge huge never ending demand for house the only factor is price. Houses are not affordable for common man but best of them are still able to buy and invest and they will keep housing prices high. I don't see supply exceeding demand for next 10 years which will keep prices high. Yes do not expect prices will double in few years but they will not fall for sure<br /><br />RakesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19740856.post-52018207761228432502010-08-30T09:58:06.783-07:002010-08-30T09:58:06.783-07:00for those of you who are expecting major correctio...for those of you who are expecting major correction, keep dreaming, property prices will not correct more then 10% even if they will which i really don't think so.<br /><br />One of my friend works for icici bank told me there are huge number of buying who wants to buy house but they can't because prices are high, whenever there is small drop in prices they will line up for buying property and prices will either remain stable or go higher. <br /><br />and as per current trend in I.T. companies salaries are going to be raised by 10% more this year which will only increase buying power which means no more fall. <br /><br />buy flats if you can afford it and don't wait<br /><br />RakeshAnonymousnoreply@blogger.com