Quote:
Originally Posted by sridharchennai
I see two contradicting but logical facts from economist and Srinidhi. Economist seems to be very optimistic and Srinidhi seems to be cautious.
If all the people who fear that they will miss the RE bus had shown some of this caution the RE prices would have been affordable by now.
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you cannot change the mindset of the whole population.A Home is not just about returns and investment,it is about owning your space,prestige,envy and status and so many intangibles that you cannot quantify it in terms of returns and rent,
First home buyers will not wait,maybe for awhile not for ever,
come to think of it,despite all doomsday predictions rates have not fallen in the city and suburbs rather they have increased above the peak rate of 2007/8.many have missed the bus .....