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Are Real Estate Prices Going To Fall 40% by Mid 2007?

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Are Real Estate Prices Going To Fall 40% by Mid 2007?

Last updated: February 21 2009
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  • Re : Are Real Estate Prices Going To Fall 40% by Mid 2007?

    Originally posted by Nataraajg007 View Post
    Exactly. I support this idea
    Dear friend,

    India can become a better country only if: (a) 2 party system comes in force (b) every Indian treats any fellow Indian of any caste or creed the same as his caste or creed (3) Corruption goes out of the country (4) People believe in hard work and not in only talking big and not doing much (5) People first must have self descipline and obey the laws of the country (6) Bueractrats to become country welfare/people welfare centric than self centric/political bosses centric etc/. etc. the list will go on.

    ks2071746

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    • Re : Are Real Estate Prices Going To Fall 40% by Mid 2007?

      Originally posted by ks2071746 View Post
      Dear friend,

      India can become a better country only if: (a) 2 party system comes in force (b) every Indian treats any fellow Indian of any caste or creed the same as his caste or creed (3) Corruption goes out of the country (4) People believe in hard work and not in only talking big and not doing much (5) People first must have self descipline and obey the laws of the country (6) Bueractrats to become country welfare/people welfare centric than self centric/political bosses centric etc/. etc. the list will go on.

      ks2071746
      very true. but we gotta admit that this is NEVER gonna happen and we will always remain talking about the 1300s and 1400s or stories before that. With so much of looters and political morons around, I BET THIS WILL NEVER HAPPEN. SUPER POWER is not only a distant dream, but it is a DAY DREAM. Peace!

      Comment


      • Re : Are Real Estate Prices Going To Fall 40% by Mid 2007?

        Originally posted by ks2071746 View Post
        Dear friend,

        India can become a better country only if: (a) 2 party system comes in force (b) every Indian treats any fellow Indian of any caste or creed the same as his caste or creed (3) Corruption goes out of the country (4) People believe in hard work and not in only talking big and not doing much (5) People first must have self descipline and obey the laws of the country (6) Bueractrats to become country welfare/people welfare centric than self centric/political bosses centric etc/. etc. the list will go on.

        ks2071746
        i dont think the BC and SC ( i am not FC) want the caste system to end.bcoz reservation quota will end and with it a lot of benefits in edu and career.
        actually only in india people fight to get their community treated as MBC or SC.what an irony.and KS wants caste system to end. i also want it to end,but the bcs and scs dont want it to end or else why would they fight for inclusion in MBC and SC list

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        • Re : Are Real Estate Prices Going To Fall 40% by Mid 2007?

          Originally posted by wiseman View Post
          Flat prices don't remain fixed. Sometimes they decline too .

          cheers
          Mr. Wiseman

          Flat prices have started declining already.

          Those who want to sell their flats dont find buyers.

          Now, they are losing their patience and have started quoting lesser rates.

          Thanks

          chataara

          Comment


          • Re : Are Real Estate Prices Going To Fall 40% by Mid 2007?

            Originally posted by wiseman View Post
            Dude,

            Japan's property bubble is exactly the one faced by the US today. And this bubble was so huge that Japan is in recession for the last 19 years!!!
            And this was done by Japanese banks refusing to let bad assets crash and pumping them up so that, even after 19 years, no one knows what they are worth. RE prices today are as low as they were in the 1980s. The stock market index Nikkei at its peak was over 36000 in the late 80s. Today it is as low as 8000+, 19 years later!!!

            So, by comparing India and egging it on to reach those heights, do you want us too to get into this situation? Extremely BAD comparison!!!

            Besides, Japan was not developing in 1980s. If you get your history straight, Japan was considered a developed country even as early as 1905, when they comprehensively defeated the Russian Navy (considered the most powerful navy in the world then) in the Battle of Sushima Bay, thereby establishing themselves as a modern, developed country even then

            Always check your facts. And also read up a bit so it helps you get a better perspective and does not make you look silly! And worse, it misleads and misguides all the youngsters on this forum into making all kinds of wrong decisions, like the ones you are making.

            Take care

            cheers
            Japan's economy is an ideal example of comparison for a country like yours which is again producing nothng special or original but is peppered to go up. So if a fellow like you who wont mention his college can claim to own a Pattern Recog company that is what India is into. So dont worry, whether u like it or not the same upmove is happening now and then it will fall later. To me today it is up up and up, until fellows like u are sent packing with your bear thoughts to the drain. Then it will probably go into a long recession! BUT THAT IS PROBABLY IN 2015 or LATER, I dont care about it now!

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            • Re : Are Real Estate Prices Going To Fall 40% by Mid 2007?

              Originally posted by gone_mad View Post
              In your dreams. Even if Obama levies humongous taxes on outsourcing, many american companies will keep outsourcing because they cant pay peanuts in the US of A even for silly jobs as they do now in India.
              It is all set between US and India, maybe the outsourcing numbers may go down, but I'd say it is an absurd thinking that IT will be wiped off from the country. Get a life, consult the welder, get your top floor treated(oops welded) and think straight!
              Hi, Gone mad. These guys think as if IT is what is happening in Chennai in past 5 years. IT is a big game, it is not the System software that I developed in the 80s to 2000 beginning, it is not even the applications that Wiseman is calling as Pattern recognition (since he does not recognize what it is!...ROTFL), it is today anything from BPOs accounting to anything one might say. Now if IT goes then Gocca Mocca cant trouble us as he wont have internet.
              So Wisey, Gocca and the bunch have run out of ideas. They have learnt Goebble's fundas well and keep repeating the same nonsense a million times.
              INFACT I AM WAITING TO SEE THE FELLOW WHO WILL TELL RE WILL FALL 100%. I AM SURE WISEY IS ITCHING TO SAY THAT AS HE DOES NOT KNOW MATHEMATICS! LOL!

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              • Re : Are Real Estate Prices Going To Fall 40% by Mid 2007?

                Originally posted by abk View Post
                i dont think the BC and SC ( i am not FC) want the caste system to end.bcoz reservation quota will end and with it a lot of benefits in edu and career.
                actually only in india people fight to get their community treated as MBC or SC.what an irony.and KS wants caste system to end. i also want it to end,but the bcs and scs dont want it to end or else why would they fight for inclusion in MBC and SC list
                I am not sure if BCs or SCs want it. Their politicians want it!

                Comment


                • Re : Are Real Estate Prices Going To Fall 40% by Mid 2007?

                  ALL of the above and much more

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                  • Re : Are Real Estate Prices Going To Fall 40% by Mid 2007?

                    There is no logic for such a price.May be in posh areas there is supply problem.But even in posh areas only a few localities are good,others are just ordinary i can accept the pricing in posh localities,but in suburbs the prices are ridiculous.since jun08 i m looking to buy a property but in reality the prices havent come down.

                    Comment


                    • Re : Are Real Estate Prices Going To Fall 40% by Mid 2007?

                      Originally posted by arun1288 View Post
                      There is no logic for such a price.May be in posh areas there is supply problem.But even in posh areas only a few localities are good,others are just ordinary i can accept the pricing in posh localities,but in suburbs the prices are ridiculous.since jun08 i m looking to buy a property but in reality the prices havent come down.
                      i was of the same opinion in jan 2008 and was expexting a correction
                      but NO!.the prices have not come down in the suburbs. my family friend who has no issues sold his 2000 sq ft plot with old house in muthamizl nagar ,Pammal for 45.5 L cash down transaction over in 3 days.and now other people offering him 3 L more. pammal muthamizl nagar rate selling hot at 55L per gnd.and not many properties for sale in that locality,and the irony is it gets flooded in rains.
                      I still say recession or not the established old localities of chennai and suburbs will not have a correction of more than 15-20%

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