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connect2sam · 06-04-09

When I joined the board Nats was, to put it bluntly, abusive. He responded strongly to those who talked of

even teddy bear :-) But I think he has changed a bit, mind you - just in tonality, but he is still a bull. A

bull that is very hard to please.

This board definitely do need a different angle to look at and Nats fits that bill nicely.

In essence, both wiseman and nats could be wrong, just like how few investors are calling this market as

"the sale of the century" and few believe we are heading towards depression. Most of the economists do say

what they believe in, but they are wrong many times than right, let alone wiseman or nats.

In my opinion, both wiseman and nats have got their theory right. But have you ?

From what I glean at from this board, most here want to buy a flat (and very few are looking to buy land

esp. near OMR). We all agree that flats in Chennai are overpriced and builders are ripping people off. Some

builders are lucky to get away with it and some are in distress. A year ago, we all believed such sky high

prices is real and few who bought in 2007 still defend paying upto Rs.5000 psqft (or may be more).

What if the inflation is very high over the next few years and even Rs. 6000 psqft at OMR looks cheap ? For

e.g., Rs. 20 lakshs for a 2 bed flat was costly for me at Doshi Gardens, Vadapalani in 2002, but is it now ?

How do you know whether the RE market has bottomed out ? What is the bottom price ? The market participants

in Chennai could have easily tripled over the past few years, because of the no. of jobs newly created. Over

the next few years, more jobs could get created or re-located to OMR. The builders have better advisers than

you. They will raise the price few months before the market starts picking up, i.e., before you realise

there is an upswing. Expect the builders to change the price overnight. Yes it is their asset after all.

Today, you think that many are worried about their jobs and not RE, mind you - not for all. Learn to look

beneath the surface.

It never pays to bet against the dollar (Warren Buffett) and in India never pays to bet against the RE.

Bizzarre that I do not have any RE asset or (should I say, liability ?)

Thanks,
Salim.

08-04-09

You make sense and your questions sound cute. However I have never hurt a teddy bear like you! Have I? LOL!
PS. Market direction changes are erratic no doubt and as you say one should know what he is doing as there are no bulls or bears for ever.

06-04-09	#1
connect2sam New Member Join Date: Nov 2008 Posts: 41	Beware of what you are buying even the theory When I joined the board Nats was, to put it bluntly, abusive. He responded strongly to those who talked of even teddy bear :-) But I think he has changed a bit, mind you - just in tonality, but he is still a bull. A bull that is very hard to please. This board definitely do need a different angle to look at and Nats fits that bill nicely. In essence, both wiseman and nats could be wrong, just like how few investors are calling this market as "the sale of the century" and few believe we are heading towards depression. Most of the economists do say what they believe in, but they are wrong many times than right, let alone wiseman or nats. In my opinion, both wiseman and nats have got their theory right. But have you ? From what I glean at from this board, most here want to buy a flat (and very few are looking to buy land esp. near OMR). We all agree that flats in Chennai are overpriced and builders are ripping people off. Some builders are lucky to get away with it and some are in distress. A year ago, we all believed such sky high prices is real and few who bought in 2007 still defend paying upto Rs.5000 psqft (or may be more). What if the inflation is very high over the next few years and even Rs. 6000 psqft at OMR looks cheap ? For e.g., Rs. 20 lakshs for a 2 bed flat was costly for me at Doshi Gardens, Vadapalani in 2002, but is it now ? How do you know whether the RE market has bottomed out ? What is the bottom price ? The market participants in Chennai could have easily tripled over the past few years, because of the no. of jobs newly created. Over the next few years, more jobs could get created or re-located to OMR. The builders have better advisers than you. They will raise the price few months before the market starts picking up, i.e., before you realise there is an upswing. Expect the builders to change the price overnight. Yes it is their asset after all. Today, you think that many are worried about their jobs and not RE, mind you - not for all. Learn to look beneath the surface. It never pays to bet against the dollar (Warren Buffett) and in India never pays to bet against the RE. Bizzarre that I do not have any RE asset or (should I say, liability ?) Thanks, Salim.

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08-04-09	#2
Natarajg007 Unregistered User Posts: n/a	You make sense and your questions sound cute. However I have never hurt a teddy bear like you! Have I? LOL! PS. Market direction changes are erratic no doubt and as you say one should know what he is doing as there are no bulls or bears for ever.