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The Reality Of Real Estate

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The Reality Of Real Estate

Last updated: March 2 2013
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  • The Reality Of Real Estate

    The reality of real estate - Moneylife
  • #2

    #2

    Re : The Reality Of Real Estate

    wow real good article .. just shows that no action against cheats can be taken in this country which is full of scams ..

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    • #3

      #3

      Re : The Reality Of Real Estate

      The rules of the games mentioned in the article are a part of great knowledge.
      Honestly and frankly, I was going against of all of them. :/

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      • #4

        #4

        Re : The Reality Of Real Estate

        moneylife is one of select few mags i trust

        moneylife is one of select few mags i trust

        Comment

        • #5

          #5

          Re : The Reality Of Real Estate

          Originally posted by rgfelicity View Post
          The rules of the games mentioned in the article are a part of great knowledge.
          Honestly and frankly, I was going against of all of them. :/
          I think these rules excerpted from the article must be made a "sticky post" to help first time buyers. Any takers?

          i) Never trust a builder, however big the name or reputation;
          ii) Never trust a joint venture;
          iii) Never book a flat if delivery is not clearly committed, unless you are a pure financier;
          iv) Do not fall for any sales pitch that is not expressly mentioned in the contract;
          v) Even if one has to pay a higher price, it makes sense to buy a flat that is ready.
          vi) Real estate is all about location, location and location. It is better to buy a tiny flat in a prime area rather than a palace in a desert.
          vii) Liquidity in real estate is a myth.
          viii) Returns are lumpy, bumpy and uncertain. Anticipation of a location becoming more valuable is a mere guess.

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