Look for description and condition of houses in burbs of NYC in say queens, patterson, LI and then get back to me with their prices and description.
Try making a smart research ... do you ever been to vegas. You can only see for miles new condos ready to move but all boarded up. You cannot bring city to life just because wallstreet could securitize any debt faster than you can build houses. Its a dead town ... in fact not even dead town because to be dead one has to be alive first. Its stillbirth in most part of vegas. Its a town of sleaze and will be tombstone for greed of american housing.
Indian cities are quite far far from that level of greed. India's housing boom is due to innovation of mortgaging (which came to us in 60s) while US boom in housing was due to credit related innovations. Yes indian asset prices have run maybe five years ahead of their time but in Vegas they had gone atleast 20 years ahead of time. Remember vegas homes were third homes for american homes while in india we barely have people able to get into their first homes.
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Originally Posted by frugality
In Rest of World Handmade .. customized is class apart ....
ready-made or factory made is for the Masses ....
while Mumbai and Pune flats are like factory made shirts ...
No customization ....
No individuality....
All in same shape ... same poor window designs .... same architecture pattern.......
But prices tell as if they are made by some World fame Architect ...where every single material is customized ...
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