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Hallucinating Bears

Last updated: August 5 2009
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  • Hallucinating Bears

    For months on end I am noticing the bear talking. However regularly even those bears come to this forum and cry "price is not falling......... but it will fall.. it will have to fall". So they agree they have been wrong the whole of last 8 months with their bear cry but believe they will become right suddenly.
    Those of you who are imagining property prices will fall might be woken up by hard news. For one, in bangalore prices are slowly inching up. In Chennai it never fell.
    In most places shady guys like DLF with as much penchant for book keeping as Satyam are being pushed down by the stock market, but that is not because their land banks have become cheaper. It is because their books show non existing land banks.
    Sooner or later RE will start shooting up and the imaginary correction and even worse the imagined fall of 70% by some will turn into a disaster for these bears with a rise of 100% in the next year or two.
    Even stock market is at such lows that investors with sense are returning. SO if you are prudent, buy when it is supposedly falling and sell when it is supposedly rising. LEssons of 2003 when it suddenly started up after the dotcom drop should be used by investors, not listening to funny bear voices on this board.
    Forget the hallucinating bears. THey belong to the land of the lotus eaters.
  • #2

    #2

    Re : Hallucinating Bears

    Originally posted by Natarajg007 View Post
    For months on end I am noticing the bear talking. However regularly even those bears come to this forum and cry "price is not falling......... but it will fall.. it will have to fall". So they agree they have been wrong the whole of last 8 months with their bear cry but believe they will become right suddenly.
    Those of you who are imagining property prices will fall might be woken up by hard news. For one, in bangalore prices are slowly inching up. In Chennai it never fell.
    In most places shady guys like DLF with as much penchant for book keeping as Satyam are being pushed down by the stock market, but that is not because their land banks have become cheaper. It is because their books show non existing land banks.
    Sooner or later RE will start shooting up and the imaginary correction and even worse the imagined fall of 70% by some will turn into a disaster for these bears with a rise of 100% in the next year or two.
    Even stock market is at such lows that investors with sense are returning. SO if you are prudent, buy when it is supposedly falling and sell when it is supposedly rising. LEssons of 2003 when it suddenly started up after the dotcom drop should be used by investors, not listening to funny bear voices on this board.
    Forget the hallucinating bears. THey belong to the land of the lotus eaters.
    Keep dreaming pal. The prices in Chennai has gone down atleast 15 to 30% and you have always been in denial. All these prices are shown the same just in paper and the realism is the other way. Mid of 2009 will get the real picture crystal clear and one can decide which is right

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    • #3

      #3

      Re : Hallucinating Bears

      Originally posted by Natarajg007 View Post
      ......Even stock market is at such lows that investors with sense are returning. .............
      The investors are returning to stock market after it has corrected by 60%, RE buyers with "sense" will wait for a similar price corrections before buying.

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      • #4

        #4

        Re : Hallucinating Bears

        Originally posted by ajithpkl View Post
        The investors are returning to stock market after it has corrected by 60%, RE buyers with "sense" will wait for a similar price corrections before buying.
        Stocks have high liquidity so they show high volatality. RE is not that liquid and will show lower volatality. Also RE market is an investor market unlike Stock market which is a speculator market. I trade in Stocks for a living and I invest in RE, rather have sizeable investments in the past which will NEVER probably yield a negative return in the next 100 years. In other words from WIseman to the Stupidman on this board, everyone is suddenly aware of stock market collapse not realising that similar collapse in Nifty has happened in 1996 but RE market did not collapse anywhere near that. So those who are waiting to buy RE are gonna be a disappointed lot.
        Finally I am talking of RE investment meaning land. Not about some Doshi or some DLF hiking or lowering prices more appropriately fine tuning there very high margins. Think before you talk gentlemen!

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        • #5

          #5

          Re : Hallucinating Bears

          Originally posted by shyame2 View Post
          Keep dreaming pal. The prices in Chennai has gone down atleast 15 to 30% and you have always been in denial. All these prices are shown the same just in paper and the realism is the other way. Mid of 2009 will get the real picture crystal clear and one can decide which is right
          What is PAPER and what is REALISM? There are actually no sellers at the imaginary prices of bears like you!

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          • #6

            #6

            Re : Hallucinating Bears

            I was looking to buy a plot for the past six months,almost in all area in chennai.There's been a talk that the prices have dropped 30-40%,but in reality it does not appear so.In posh areas very few plots are available at very high price.I m still confused what to do,either go ahead and buy or wait.

            Arun

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            • #7

              #7

              Re : Hallucinating Bears

              get me one * 2.5 c i kilpauk

              Originally posted by vijai5
              in annanagar and kilpauk its almost down 30% from 3 crore to 2 crore per ground
              annanagar i dont know but give me upto 2 gnds in kilpauk on any well known roads at 2.5 c per gnd.cash down immd.we are 6 associates lookin to build six flats in 2 gnd in kilpauk.we have not come across less than 3 c in the past 3 months

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              • #8

                #8

                Re : Hallucinating Bears

                Try in Anna nagar.

                Stay away from Kilpauk syndrome

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                • #9

                  #9

                  Re : Hallucinating Bears

                  even in anna nagar its the same.u can get 1grnd for 2c in anna nagar,but u wudnt like the locality.it will be more towards mogappair.I doubt whether u can get 1grnd for 2c in F block r 5th main road.

                  Comment

                  • #10

                    #10

                    Re : Hallucinating Bears

                    Dear Wiseman is telling us that he will sell his property on Radhakrishna salai for 2.5Cr. Is ABK listening? Or does Abk think that Mylapore is not worth it compared to annanagar?

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