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RE business in Chennai collapsing

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RE business in Chennai collapsing

Last updated: August 17 2009
279 | Posts
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  • #71

    #71

    Re : RE business in Chennai collapsing

    Originally posted by BigBear View Post
    Longer the time taken for reducing price greater will be the impact.
    Remember how Lehman collapsed trying to value their mortage securities way above the market price and ending up in not disposing of them earlier.

    Dear friend

    I agree with U

    The RE owners may be well positioned now.

    But when years running out... and sudden urgent need arises that time they have to sell it in mad rush.

    That time they cannot wait for a prosperous buyer

    Anything they buyer quotes will become the rate then

    thanks

    chataara

    Comment

    • #72

      #72

      Re : RE business in Chennai collapsing

      [quote=chataara;14624]Dear friend

      I agree with U

      The RE owners may be well positioned now.

      But when years running out... and sudden urgent need arises that time they have to sell it in mad rush.

      That time they cannot wait for a prosperous buyer

      Anything they buyer quotes will become the rate then

      thanks/chataara

      Dear friend,

      I wish, this should happen soon for the benefit of the buyers.

      ks2071746

      Comment

      • #73

        #73

        Re : RE business in Chennai collapsing

        [quote=ks2071746;14630]
        Originally posted by chataara View Post
        Dear friend

        I agree with U

        The RE owners may be well positioned now.

        But when years running out... and sudden urgent need arises that time they have to sell it in mad rush.

        That time they cannot wait for a prosperous buyer

        Anything they buyer quotes will become the rate then

        thanks/chataara

        Dear friend,

        I wish, this should happen soon for the benefit of the buyers.

        ks2071746

        Dear friend

        It will differ depending upon the sellers personal wealth and health.

        But, in the long run, the rate in every particular area will become more or less same.

        Because the buyers will come to know the sold out price and they will demand at lesser price

        thanks

        chataara

        Comment

        • #74

          #74

          Re : RE business in Chennai collapsing

          Many seem to be imagining RE is collapsing in Chennai and are behaving like the fox looking at the grapes. Once the price goes up they will call it sour and leave the board!
          Reality is.
          a. Even today a contact called me asking if he should buy a land in Chennai. He felt it seems to be right time to invest especially as he is cash rich come back with his funds from US some months ago. I bet there are many like that waiting to catch the stable market. AND HIS COMMENT WAS, Everybody is expecting market to fall, BUT I DONT SEE IT FALL ONE BIT!!
          b. What forced me to visit this board today (certainly not to deal with the idiot who calls himself wise!) was the advertisement of Tamilnadu housing board.
          They are charging for a 563sqft flat in Vyasarpadi some 16.5lakhs. ON seeing this advt. I tend to think that if I sell a flat in Saligramam of 563sqft for 32 lakhs even a idiot should buy it! And at that price I will make more than what I quoted in "Dont Sell Your Land for a Song". And we are talking about HOUSING BOARD FLAT. And we are talking about Vyasarpadi, not Chennai.
          Obviously those who are imagining that RE price will fall might be having a rude shock in the future. To me if flat is 2930psft in Vyasarpadi, then even in Urapakkam I should get more and in Mylapore I can quote 20K and I dont find a reason to be wrong.
          So those who are imagining that price will fall on this board are as I clearly called, PITCHAI KARANS or BEGGARS.
          WHy am I using such a derogatory word? Certainly not to insult them due to some superiority complex of mine.
          It is because they are folks who cant afford the RIGHT PRICE of these RE in Chennai and like the fox they are asking the price (Grape) to fall down by itself. Once their dreams go crashing they just disappear and will go and buy resale flats of TNHB in Vyasapadi not for 2930psft but 5000psft.
          FIRST GO AND ASK TNHB HOW THEY GOT T

          Comment

          • #75

            #75

            Re : RE business in Chennai collapsing

            Contd from previous post
            FIRST GO AND ASK TNHB HOW THEY GOT THAT EXOTIC PRICE AND THEN TALK ABOUT FALLING PRICES.
            Even after this if prices are talking about falling prices then even Sarawathi cant educate them.

            Comment

            • #76

              #76

              Re : RE business in Chennai collapsing

              People amy quote any price. What is the final selling price?

              Govt will not give ad taking into the current situation. They still live in the past

              Comment

              • #77

                #77

                Re : RE business in Chennai collapsing

                Originally posted by Natarajg007 View Post
                Contd from previous post
                FIRST GO AND ASK TNHB HOW THEY GOT THAT EXOTIC PRICE AND THEN TALK ABOUT FALLING PRICES.
                Even after this if prices are talking about falling prices then even Sarawathi cant educate them.
                Dear friend

                In which school Saraswathi is teaching about Real estate

                Thanks

                chataara

                Comment

                • #78

                  #78

                  Re : RE business in Chennai collapsing

                  Dear friend,

                  And this 65%+ is the black money?

                  ks2071746

                  Comment

                  • #79

                    #79

                    Re : RE business in Chennai collapsing

                    Originally posted by ks2071746 View Post
                    Dear friend,

                    And this 65%+ is the black money?

                    ks2071746
                    Dear friend

                    whom you are quoting?

                    thanks

                    chataara

                    Comment

                    • #80

                      #80

                      Re : RE business in Chennai collapsing

                      Originally posted by chataara View Post
                      Dear friend

                      whom you are quoting?

                      thanks

                      chataara
                      Dear friend,

                      abk indicated in this post, at the start page that only 25-40% reaches the people and the remaining 60-75 % goes to all others-politicians, middlemen, bueracrats etc. etc.

                      ks2071746

                      Comment

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