wiseman

Almighty,

Back to your cretinous ways?

Strange guy. When he wants to beat down Gold, he talk about how one cannot eat gold. Well, since he is so much a land fan, does he eat the mud of the land he owns?:p

This guy is completely useless, not presenting a single piece of information, except talking about ...

RE will rise 50% in 2010
RE prices will go to the moon .... etc

Sri, Economist, etc who jump with so much alacrity on the data I present (not that it makes any difference to me in any case).

Why do you not find it strange that such completely baseless claims of "50% up in 2010" and "shoot up to the moon" do not draw your attention and Ire?! Why do you not jump with alacrity on such claims?

Is it only because he says up, up, up and away to the moon and you feel good about it?

Do you see some double standards here, perhaps?


cheers

bear_baiter

Let us discuss the topic:

You were saying you present lot of data.

Please read the story below. (I have the patent for this story)

A person was having troubles in heart, he consulted doctor-1, he said he is in serious trouble and needs bye-pass immediately. He is not impressed with the doctor-1 and wanted to consult doctor -2 for second opinion, he said the same thing. likewise he consulted 3, 4, 5, 6 and so on. Everyone said the same. The person was extremely sad. Then he consulted doctor-7, the doctor-7 said he is 100% alright and no need to worry. The person was very happy and impressed with the doctor.

Now people must have understood who was that person. It is wiseman, he said everything is doom and gloom.

he will leave all the positive messages in the media and google for the most bearish data and post it to support his story.

Yes you needs to present data otherwise people wont be aware of that. but others are telling the obvious things which are visible in the market

wiseman

Baiter,

I was not asking yu about the accuracy of my predictions.

Rather I was asking you about why is it that you are willing to wish away data that is no doubt genuine (even if, as you say, it is picked for being negative) and are equally willing to go with completely "gut-feel" predictions about 50% rise in a single year and prices going to the moon?

Are you really telling me that there is visible market information about a 50% rally in prices this year itself? and that the market is saying prices are going to the moon? Because you are saying that such predictions are supported by information coming from the market! Can you point to a single such information which clearly convinces (leave me), guys like abk, etc who are considerably middle-path? Let us have it?

Can you give me the "market" information relating to these specific predictions?

Otherwise, let us agree that you feel warm and nice when someone says (without any shred of data backing it whatsoever) that prices are rising 50% and at the same time you are willing to outright reject and detest it when someone actually points you to hard evidence that, eventually this level of borrowing is likely to bring many nations and regions to sovereign debt default!!!

Even a bull and a supporter of the FEDs actions like Paul Krugman is talking about as much as a 40% chance of a second recession in 2010 itself (and this is a high probability since last time the probability was set at 20% and it happened fo sure). Guys like Schiller and Stiglitz are talking of 80% probability of the double dip. And, unlike your builders who are talking bullish, these are the guys who predicted it correctly the last time!

Think about this one-sided tendencies to bury your head in the sand and only believe the bull case! The market (essentially builders) are pushing up prices (without supporting demand push). Show me that registrations have increased and come anywhere near peak levels; Show me banks lending at those levels. That is what is the proof of the pudding when it comes to genuine recovery in demand.

Also please remember that these very builders were the last to understand that the recession was upon us (they figured it out much after everybody including you had figured it) and were still building and being bullish. And you believe that somehow these guys have become accurate predictors of future direction of RE?

Good luck to you!

cheers

blogger

In my view both parties claiming 50% increase and decrease in near term are JOKESTERS!

From what we see in the market, slight upward trend is what looks realistic.

The magnitude of downturn seen in 2008/09 was not seen by almost all the CEOs in the world in their career (As per Mr. Premji who frequenly meets CEOs from across industries) When we weathered it sucessfully, what will 2010 recession (if at all it happens) do??

sri_idea

i cannot accept wild theories of 50% up or down in 1 year timeframe.
apologies wiseman for attacking your posts - but its more out of frustration...you say we're happy to hear 50% rise...NO.. i'm a potential buyer so 50% rise now would be bad news to me. lots of first time buyers would be very happy if your predictions came true, everyone could afford the home they want to own. - but from their own property-hunting experience find that reality is quite different and natural to get ticked off when someone continues with all sorts of explanations for an eminent drop which basically is not happening....

Economist

I don't agree with the possibility of 30% to 50% rise in RE value in 2010 - If that happened it is unhealthy and means future risk.

I dont agree with enduser's comment "What if due to global warming, your land becomes untenable to live?"

What if:

1. What if the whole family of the potential investor dies in a car/Plane crash.
2. What if Tamil Nadu is split in to 2 states and chennai becomes capital of Vannia Nadu.
3. What if Indian government collapses and bankrupt and the rupee is devalued (Like Argentina)
4. What if Indian inflation is a million percentange like Zimbabwe and The currency is worth less (People stareted dealing with $) - What will happen to the FD
5. What if the bank where the Fixed depoist is held goes bankrupt.
6. What if Pak (Gov or Terrorist) uses Nukes against India

THE WHAT IF LIST CAN GO ON - Do we stop living.

Economist

Well said blogger.

The staunch Bull and Bear gets to my nerves.

One is a bear - who is an unwise scaremonger, Doomsdayr with tons of verbiage.

The other is a Bull - I don't have any words at All to describe the stupidity of that one.

I hope to see the less of those fanatics/extremist and more of balanced unbiased commonsense views.

bear_baiter

Wiseman,

I am not Almighty, I am bear_baiter, I never said of 50% increase. My view is stagnant to marginal increase in real estate prices in chennai. In percentage terms 5 to 20% only.

Let me reiterate this.

regards,

enduser

Global warming is NOT 'What if', it is a fact. There are several science reports corroborating this fact and how India could be affected by that.

Almighty

Just using a sophisticated term cretinous may impress the dumb moderator but you are abusing me. Now if I call the same in plain English, I should call you Idiot man.
After bear_baiter's doctor story, after Strong showing you the door, you (Wise) must learn to avoid getting abused further. I hope you take rest and come back prepared.
I feel pity for you, as you get punched, boxed, kicked and abused. I hope you are taking support from relatives and friends and if need be you might go to a rehabilitation centre and get your mind checked.
All the best Wisey!

PS. Incidentally where did I say 50% rise. Wisey continues to work out of his own paranoia and states things I did not and about moon that Wisey mentioned, I can only note the lunatic in the person. Also it is interesting that Wisey is directing others as if this board is his papa's home and telling that people have to behave like Sri and Economist and not react with alacrity (I dont understand his usage...god save the Webster dictionary!).