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Builders & RE Bulls Theory Proved Right !!!

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Builders & RE Bulls Theory Proved Right !!!

Last updated: June 15 2016
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  • #91

    #91

    Re : Builders & RE Bulls Theory Proved Right !!!

    Not sure how many of us read this in TOI saturday:

    Property prices begin to dip, shows index - Times Of India

    But Pune is exception, as expected.

    Read this:
    The latest Residex released by the National Housing Bank on Friday shows that property prices rose only in six of the 15 cities covered by the residential price index -- which is a situation similar to what was seen at the height of the global financial crisis. It was only Mumbai, Delhi, Ahmedabad, Chennai, Lucknow and Pune that bucked the falling trend. The steepest increase was seen in Pune, where the index rose just 5%.

    Bankers and consultants said if the quality of the property, developer's track record, location and the overall supply-demand dynamics are good, then you could think of buying. "Real estate is a long-term investment. So even if prices were to fall 2-3% in the next five-six months, they will rise again," said Magazine.

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    • #92

      #92

      Re : Builders & RE Bulls Theory Proved Right !!!

      I want to share with you my experiemce of property purchase in Thane.
      During real estate downturn in 2009, me and my husband attempted to buy a property at Ghodbunder Road. The price for 1 BHK was around 15-20 lakhs at that time. But due to no salary hikes, bonus etc. and no one to support for initial booking money, we thought this is not the time for us to purchase and we should wait.

      Now with almost 40%rise in salaries and some savings in hand, we again went to market last month with hope that we can get property somewhere nearer than GB Road. But again agents directed us to GB Road and the 1 BHKs are costing now 30-35 lacs. This is double than at the time of recession.

      Now we have realised that we have to make a purchase because this way, property prices and our salary hike will never going to match.

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      • #93

        #93

        Re : Builders & RE Bulls Theory Proved Right !!!

        not seen anyone who hangs around even after

        Originally posted by mymarji View Post
        I think he has already caught the bus and ready to get down to catch another after sometime when environment is again favorable for investment in RE.
        not seen anyone who hang around once they buy property of course there are some exceptions but he is not one of them ... I am sure you are doing the same once your objective is met , who would have time to visit this forums and discuss RE impact

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        • #94

          #94

          Re : Builders & RE Bulls Theory Proved Right !!!

          Originally posted by shashankgujjar View Post
          not seen anyone who hang around once they buy property of course there are some exceptions but he is not one of them ... I am sure you are doing the same once your objective is met , who would have time to visit this forums and discuss RE impact
          lol...what a presumptuous person you are...in fact most here must have time to waste on their hands having fulfilled their RE priorities.....else why would someone waste time here than sorting their personal finances out....

          I think the average net worth of posters here may be around 4 crores all assets included (incl the house they live in). And thats only average...

          Of course I may be wrong but just looking at posts in this forum one can make form views...
          When the facts change, I change my mind. What do you do, sir? - John Maynard Keynes

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          • #95

            #95

            Re : Builders & RE Bulls Theory Proved Right !!!

            Too high!

            Originally posted by stoxxx View Post
            lol...what a presumptuous person you are...in fact most here must have time to waste on their hands having fulfilled their RE priorities.....else why would someone waste time here than sorting their personal finances out....

            I think the average net worth of posters here may be around 4 crores all assets included (incl the house they live in). And thats only average...

            Of course I may be wrong but just looking at posts in this forum one can make form views...
            If anyone is having 4C assets all told, he would not be wasting time here but putting it to use to make 20-30 lakhs.

            One big mistake is to assume full value of house as your own when equity is only 20-30%!

            Knock that off and total asset value would probably come down 70% or more!

            cheers

            Comment

            • #96

              #96

              Re : Builders & RE Bulls Theory Proved Right !!!

              Not too high

              Originally posted by wiseman View Post
              If anyone is having 4C assets all told, he would not be wasting time here but putting it to use to make 20-30 lakhs.

              One big mistake is to assume full value of house as your own when equity is only 20-30%!

              Knock that off and total asset value would probably come down 70% or more!

              cheers
              well for a start I was referring to a fully paid house - if on loan reduce the loan that's what net worth means.

              also dont tell me seriously that people posting on Stock Advice and builder got it wrong havent got at least a house worth 70-80 lakhs and cash + other investments worth 2 crores.


              making 30 lakhs on 4 crores doesnt take a genious...put it in FD and job done...even otherwise you dont need to be working your guts 24*7 and can always find some time to make your posts....
              When the facts change, I change my mind. What do you do, sir? - John Maynard Keynes

              Comment

              • #97

                #97

                Re : Builders & RE Bulls Theory Proved Right !!!

                Take a blind poll (not reveal identity) & see?

                Originally posted by stoxxx View Post
                well for a start I was referring to a fully paid house - if on loan reduce the loan that's what net worth means.

                also dont tell me seriously that people posting on Stock Advice and builder got it wrong havent got at least a house worth 70-80 lakhs and cash + other investments worth 2 crores.


                making 30 lakhs on 4 crores doesnt take a genious...put it in FD and job done...even otherwise you dont need to be working your guts 24*7 and can always find some time to make your posts....
                Why dont you take a simple poll! Specify criteria clearly!

                < 1C
                1C - 2C
                2C - 3C
                3C - 4C
                > 4C

                cheers

                Comment

                • #98

                  #98

                  Re : Builders & RE Bulls Theory Proved Right !!!

                  good idea...how do we do that

                  Originally posted by wiseman View Post
                  Why dont you take a simple poll! Specify criteria clearly!

                  < 1C
                  1C - 2C
                  2C - 3C
                  3C - 4C
                  > 4C

                  cheers
                  How do we do the blind poll....
                  When the facts change, I change my mind. What do you do, sir? - John Maynard Keynes

                  Comment

                  • #99

                    #99

                    Re : Builders & RE Bulls Theory Proved Right !!!

                    Originally posted by wiseman View Post
                    Why dont you take a simple poll! Specify criteria clearly!

                    < 1C
                    1C - 2C
                    2C - 3C
                    3C - 4C
                    > 4C

                    cheers
                    Ok here we go Net Worth - Blind Poll
                    When the facts change, I change my mind. What do you do, sir? - John Maynard Keynes

                    Comment


                    • Re : Builders & RE Bulls Theory Proved Right !!!

                      Call center shifts from

                      So we move to UK as it is cheaper there in Lancashire than in Mumbai..

                      Imagine if lot of companies start thinking this way.. we will see a lot of monkeys ..

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