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string(1789) "Moderators - Pls act
Hi ,
Some of my postings are not getting updated and get a message "will be posted after the moderator's approval" .
Moderators ,
Pls clear the backlogs .
Thanks
[quote=abk;11011]this thread is about how much downfall in RE from peak prices(obviously).
everybody can calculate "if it falls by 20% it has to gain 25%".
my point is if you want to buy a house(for living) you should buy if your preferred location has corrected by about 15%. living is not about the price alone it includes your preferences,fancies,your dear ones near,temples,schools,entertainment,established neighbourhood,security etc.
a diff of 10-15% is overlooked for places of preference.
you should look for 3 things when buying a house
1)location 2)location and 3)location[/quote]
abk,
Thanks for giving another perspective.
Location can make fraction of people to overlook the price.
From a buyers view point, Value for money and the ability to repay will take precedence than any other factor.
Think of the people who buy land/apartment which had been already inflated to sky-high price(300 to 400 % in 2-3 years). Will they be able to pay the EMIs for decades where there is no security for jobs/salary . It will only inflate the EMIs .
BTW , All those high-end projects in OMR have the location advantage ?
Do they have our dear ones near, temples,schools, entertainment, established neighbourhood,security etc.
Do you think they are correctly priced based on Location ? If not what they are worth of ?
What majority of the buyers are bothered about are
1) Value for money.
2) Infrastructure (Good Roads/Electricity/Water and Boats )
3) Security
4) Ability to repay etc...
Needless to say that the fall in plot prices have propelled this fall in OMR ."
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Hi ,
Some of my postings are not getting updated and get a message "will be posted after the moderator's approval" .
Moderators ,
Pls clear the backlogs .
Thanks
Originally posted by abk
View Post
this thread is about how much downfall in RE from peak prices(obviously).
everybody can calculate "if it falls by 20% it has to gain 25%".
my point is if you want to buy a house(for living) you should buy if your preferred location has corrected by about 15%. living is not about the price alone it includes your preferences,fancies,your dear ones near,temples,schools,entertainment,established neighbourhood,security etc.
a diff of 10-15% is overlooked for places of preference.
you should look for 3 things when buying a house
1)location 2)location and 3)location
everybody can calculate "if it falls by 20% it has to gain 25%".
my point is if you want to buy a house(for living) you should buy if your preferred location has corrected by about 15%. living is not about the price alone it includes your preferences,fancies,your dear ones near,temples,schools,entertainment,established neighbourhood,security etc.
a diff of 10-15% is overlooked for places of preference.
you should look for 3 things when buying a house
1)location 2)location and 3)location
Thanks for giving another perspective.
Location can make fraction of people to overlook the price.
From a buyers view point, Value for money and the ability to repay will take precedence than any other factor.
Think of the people who buy land/apartment which had been already inflated to sky-high price(300 to 400 % in 2-3 years). Will they be able to pay the EMIs for decades where there is no security for jobs/salary . It will only inflate the EMIs .
BTW , All those high-end projects in OMR have the location advantage ?
Do they have our dear ones near, temples,schools, entertainment, established neighbourhood,security etc.
Do you think they are correctly priced based on Location ? If not what they are worth of ?
What majority of the buyers are bothered about are
1) Value for money.
2) Infrastructure (Good Roads/Electricity/Water and Boats )
3) Security
4) Ability to repay etc...
Needless to say that the fall in plot prices have propelled this fall in OMR .
Comment