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Property price in Alwarthirunagar, Valasaravakkam

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Property price in Alwarthirunagar, Valasaravakkam

Last updated: July 6 2011
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  • #31

    #31

    Re : Property price in Alwarthirunagar, Valasaravakkam

    Originally posted by ks2071746 View Post
    Dear Natarajg007,

    It would be better if any of you communicate through private message facility provided by this site rather than publically exchanging such messages, which any member or guest can read and feel bad reading such bad words usage. I am none to moderate between you guys. I would rather quit this site if I am to come across such messages often, be it from anyone. Regards.

    ks2071746
    Sorry KS, I dont believe in Buddhism. I talk to you and many others pretty decently, but if someone does misbehave I aint gonna show him my second cheek. I dont believe in Gandhism in Aurangazeb's court.
    PS. BTW, think about it, would Gandhism thrive in the Mughal court or for example with Taliban. Does it even thrive today in India? Incidentally Gandhi is spoken highly for a lot of things. However to me he was an extremely intelligent person. That is why he chose Ahimsa against British. However there is a story that he thought about the Himsa way but concluded it wont succeed against the British. So the same rule cant be applied everywhere.
    PS2. If you want to leave this board, I am sorry, but I cant help it! Got it?

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    • #32

      #32

      Re : Property price in Alwarthirunagar, Valasaravakkam

      any updates on the prices in this area? its been some time

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      • #33

        #33

        Re : Property price in Alwarthirunagar, Valasaravakkam

        Any updates will be appreciated

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        • #34

          #34

          Re : Property price in Alwarthirunagar, Valasaravakkam

          any updates on the near by areas atleast?

          such as Virugambakkam, KK nagar.....

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          • #35

            #35

            Re : Property price in Alwarthirunagar, Valasaravakkam

            how will price fall when stocks improve?

            every one talks about price falling, but in reality it is expected that by the end of the year the sen would touch 16K, assuming such a rising trend there will be cash around so in my the reverse may happen that is prices would go up and the global situation is improving as well,perhaps now is the right time and not after 6 months.

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            • #36

              #36

              Re : Property price in Alwarthirunagar, Valasaravakkam

              Originally posted by kkkumar View Post
              every one talks about price falling, but in reality it is expected that by the end of the year the sen would touch 16K, assuming such a rising trend there will be cash around so in my the reverse may happen that is prices would go up and the global situation is improving as well,perhaps now is the right time and not after 6 months.
              Excellent, some one with sense around. All the best. If I said Nifty at 9000 in next 3 years many on this board will be shocked and some will laugh at me! Well wait and see! As for RE doubling is nothing, most likely another equal rise that took place between 2003 and now will repeat again in similar amount of time.

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              • #37

                #37

                Re : Property price in Alwarthirunagar, Valasaravakkam

                I assume like KKKumar there are some sane folks slowly getting to realise the false propaganda of the bears here. It is time to buy. Nobody told BUY in 2002-3, and those who bought then are sitting on fat profits. None of these charlatans like Wisey will tell u to buy when market bottoms out. They will tell u to buy at the top. If you dont realise the bottom now it is for you to own up to your fault.
                Cheers.

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                • #38

                  #38

                  Re : Property price in Alwarthirunagar, Valasaravakkam

                  What would be the meaning of "Global situation improving"?

                  Originally posted by kkkumar View Post
                  every one talks about price falling, but in reality it is expected that by the end of the year the sen would touch 16K, assuming such a rising trend there will be cash around so in my the reverse may happen that is prices would go up and the global situation is improving as well,perhaps now is the right time and not after 6 months.

                  KKKumar,

                  What precisely would you mean by "Global Situation improving"? Thats a very general, feel-good statement.

                  Sensx touching 16k still implies that it still remains 25% below the previous high (which is a serious fall by most definitions of recession anywhere in the world) and would have recovered 61% of the fall to 7695 (which is a fibonacci number). What you left unsaid is more meaningful than what you said. Then, after rallying 61%, there is also a good chance of it falling back to 12000 or even 10000 if the Dow forms a new low because of a double-dip recession in 2010 in the US. What then do you think will happen to the feel-good factor and the sentiment of early jumpers into RE who will then again see some more decline in volume and price?

                  When people say the recession will be over by end-2009, it simply means that the markets cannot keep on falling to zero (that happens only in the fertile minds of people who don't know better). But markets can and will stay for a long period significantly below the previous peaks - across all asset classes excet maybe Gold and Silver (bullion). These 2 will form higher peaks over the 2007-08 peaks. That is why they are considered the only lasting form of money.

                  And by 16k Sensx, why would there be cash around? The world will still be significantly weaker economically than in 2007, there would be much less cash in the form of credit being made available (remember the Govt is likely to suck up most of the credit available just to keep the pretence of GDP growth going) and most things would be in deflation, including salaries and disposable incomes.

                  Besides for prices to run away, all the existing inventory must be sold. When do you see that happening? I don't see current inventory clearance for at least 2-3 years from now.

                  So, don't count on prices of anything running away (except maybe food items as the monsoon situation is still quite bleak - just because the press stopped reporting does not mean the rains have fallen in abundance)! At least not for a few years. The next boom in RE is at least 8-10 years away, going by the last such cycle (and maybe longer given the severity of this recession).

                  As I said in another post, you are of course free to jump in and buy asap since you probably haven't gotten rid of the boomtime feeling of buy-before-prices-run-away. Nats thrives on the fears of such people!!!

                  cheers
                  Last edited July 25 2009, 04:23 AM.

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                  • #39

                    #39

                    Re : Property price in Alwarthirunagar, Valasaravakkam

                    Ignorance is Bliss!!!

                    Originally posted by Natarajg007 View Post
                    I assume like KKKumar there are some sane folks slowly getting to realise the false propaganda of the bears here. It is time to buy. Nobody told BUY in 2002-3, and those who bought then are sitting on fat profits. None of these charlatans like Wisey will tell u to buy when market bottoms out. They will tell u to buy at the top. If you dont realise the bottom now it is for you to own up to your fault.
                    Cheers.

                    The fundamental difference between 2002 recession and this depression is that there is no Greenspan to blow another bubble to replace the RE bubble. The last time around, the *** Com bubble was cut short by the FED criminally keeping interest rates low and flooding the system with easy credit, which the crooks in RE and investment banks misused to con the general public that RE prices will gain in double digits for eternity.

                    If anyone has any doubts about this plain fact and reason behind the previous boom, please go back to doing your homework.

                    This time around there is no yet-another-bubble being blown. So, where is the repeat of the 2002 situation coming up? If you do not know the underlying reasons for the bubble, then you can never tell the difference between one bottom and another. You fall into the typical trap of correlation equals causation!

                    This decline is different from every other decline since World War 2. This is more akin to the one in 1930s (though it may play out differently). India is a $1 Trillion economy. US is a $14 Trillion economy. Besides we are so weak an eonomy that if the Govt decides to borrow a little money, there is little else left for the other segments to borrow and grow.

                    The tail has never been said to wag the dog! This time around, there is not going to be a 6 times increase of property from 2009 Dec prices to the 2015 timeline. I would rather think that the 2007 prices may come back around the 2015 timeline which essentially gives you a zero return in the 8 year period and a negative return if you consider opportunity loss!

                    cheers

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                    • #40

                      #40

                      Re : Property price in Alwarthirunagar, Valasaravakkam

                      prop cost will never ever come down, NO HOW?

                      dear Mr wise, thanks for all ur analysis,and in re a waiting time of three years is ok,otherwise one shouldnot think of re investment,the returns are far far superior than any other asset assuming u are prepared to wait.even when the sen went to below eight there was no proportional decline in prices atleast not in chennai,what u say may be true some fifty km from chennai,there is every reason to think that things are improving,most incs are posting good profits and the bailout is working,nevertheless dont compare chennai with the rest of india,lets see the ground realities, chennai is totally a different situation all together,costs may go down elsewhere but never in chennai, yes if the seller is desperate probably he may drop a bit,that is some thing anyone would do even in boom times, chennai is considered one of the best place to live according to business today,hardly any place around,

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