Quote:
Originally Posted by Kimmig
Can you compare what you will get for a similar price in Chicago? 1 Cr ~ 1 Lakh EMI .. about 2500 USD monthly .. a fairly stiff amount even by US standards
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You will be surprised to know... I will get a condo or 1 bedroom apt near lake shore drive (comparable to Marine Drive) for that amount... larger apt/bunglow if i move to suburbs... The real estate prices are selling at discount for 30-40% off highs in 2006/07.... Only worth for a long term investment of 5 yrs, given the state of US economy..
We all know that prices in Mumbai are crazy but then we do not have much options too
They might even come down after 6 months but over the long term (20 years), they are bound to go up and up....