Quote:
Originally Posted by wiseman
Vishal,
Your argument is correct IF one bought BEFORE the 3X rise. But the volumes jumped in the market in 2007 mainly which was AFTER the 3X rise. So, the 1X decline has people holding property with some kind of loss or maybe at par.
To them, its still a loss, right?
cheers
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People who bouhgt in mid 2007 to mid-2008, felt they were underwater between Jan-July 2009. Since then, everybody has come out of the loss.