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

    Originally posted by stoxxx View Post
    I will be surprised to see anyone in this forum has total assets worth more than 2 Cr. Are we Indian richer than developed countries average people?

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

      Originally posted by BlotJab View Post
      I will be surprised to see anyone in this forum has total assets worth more than 2 Cr. Are we Indian richer than developed countries average people?
      I think you are in for a big surprise if you are serious. 2 Cr is nothing in today's world.

      All these people talking about Warren Buffet, zerohedge, big time predictions for next 10 year, precious metals bugs and generally economic / financial experts if they haven't got at least 3-4 crores then I wouldnt listen to anything that they say seriously.

      If they are playing with thousands or lakhs then it is a child's play. They need to spend some serious time and effort on improving personal finances than wasting time on these type of Message Boards.
      When the facts change, I change my mind. What do you do, sir? - John Maynard Keynes

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

        Originally posted by stoxxx View Post
        I think you are in for a big surprise if you are serious. 2 Cr is nothing in today's world.

        All these people talking about Warren Buffet, zerohedge, big time predictions for next 10 year, precious metals bugs and generally economic / financial experts if they haven't got at least 3-4 crores then I wouldnt listen to anything that they say seriously.

        If they are playing with thousands or lakhs then it is a child's play. They need to spend some serious time and effort on improving personal finances than wasting time on these type of Message Boards.
        Dude, accumulating 2-3 Cr is not child's play. Most of the users of the forum I believe are from age group 25-35 and this much wealth (not counting inherited wealth) can not be accumulated by salaried class person even by adding onsite income. Also, trading is not their profession its a side activity and very few will be making more money in trading than their salary.

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

          Originally posted by stoxxx View Post
          I think you are in for a big surprise if you are serious. 2 Cr is nothing in today's world.

          All these people talking about Warren Buffet, zerohedge, big time predictions for next 10 year, precious metals bugs and generally economic / financial experts if they haven't got at least 3-4 crores then I wouldnt listen to anything that they say seriously.

          If they are playing with thousands or lakhs then it is a child's play. They need to spend some serious time and effort on improving personal finances than wasting time on these type of Message Boards.
          How many % of Indians do you think would have networth of 50 lakh leave alone 2 cr. for just real estate experiment?

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

            Originally posted by stoxxx View Post
            I think you are in for a big surprise if you are serious. 2 Cr is nothing in today's world.

            All these people talking about Warren Buffet, zerohedge, big time predictions for next 10 year, precious metals bugs and generally economic / financial experts if they haven't got at least 3-4 crores then I wouldnt listen to anything that they say seriously.

            If they are playing with thousands or lakhs then it is a child's play. They need to spend some serious time and effort on improving personal finances than wasting time on these type of Message Boards.
            It is true that 2 Cr is nothing in today's business world . But how many people can make that money from salaried class ? Even a person with a couple of lacs per month income will find it difficult to create that type of wealth as taxes , life and other expenses will reduce his savings drastically . The face value of money seems very small due to the continuous depreciation talk , but when you try to save that amount of money it will take you years and years....try to build 2 crores without inheritance , Sir...and you'll understand what I mean !

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

              Originally posted by stoxxx View Post
              I think you are in for a big surprise if you are serious. 2 Cr is nothing in today's world.

              All these people talking about Warren Buffet, zerohedge, big time predictions for next 10 year, precious metals bugs and generally economic / financial experts if they haven't got at least 3-4 crores then I wouldnt listen to anything that they say seriously.

              If they are playing with thousands or lakhs then it is a child's play. They need to spend some serious time and effort on improving personal finances than wasting time on these type of Message Boards.
              I indeed got surprised to see that one person has claimed more than 2Cr assets. However, I could see almost 70% voters claimed that they have less than 50 L assets (well less than 50L doesn't mean that close to 50L, it could be less than 5L as well specially for the people who don't own house). I know many people who have more than one flat in Pune (mostly who joined IT companies in early 2000), those people can claim assets more than 2Cr as they may be having 3-4 flats in Pune (each worths around 50L), but we need to understand that this is only speculative money not the actual.

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

                Originally posted by stoxxx View Post
                I think you are in for a big surprise if you are serious. 2 Cr is nothing in today's world.

                All these people talking about Warren Buffet, zerohedge, big time predictions for next 10 year, precious metals bugs and generally economic / financial experts if they haven't got at least 3-4 crores then I wouldnt listen to anything that they say seriously.

                If they are playing with thousands or lakhs then it is a child's play. They need to spend some serious time and effort on improving personal finances than wasting time on these type of Message Boards.
                Ok, so I have 1 crores as net worth, is it a crime to be on the forum ?
                We are not trying to teach people what to do, this is just a blog - and it is hence a personal opinion about managing your personal finances and life. Blogs inherently help societies because if 100 people think differently about the RE market in Pune, and they want to come together - RE forum, is the best forum for them to come together.

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

                  PCPUNE, no it is not crime, but you have to be sensitive to other people who have net worth less than 10L.

                  Every year 10 Lakh engineering students are coming out of the college as per TOI articly. Around 3-4 lakh engineers get hired by IT companes every year. New engineers joining IT field in 2010-2011 may get frustrated to see that their senior employees have more than 2 flats and they (new engineers) can't even take the flat on rent. Now imagine how much remaining 6-7 lakh freshers will get frusted as they don't have decent paying job (non IT companies). This situation will certainly lead to more crime and to more those things where people will take out this frustration.

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

                    Originally posted by BlotJab View Post
                    PCPUNE, no it is not crime, but you have to be sensitive to other people who have net worth less than 10L.
                    Rightly said.

                    If someone is sitting on mountain of Gold ... its his destiny. But he should not think that there is no one there on the earth.

                    And BTW, Do a person of networth > 2Cr have to waste their time on these kind of forums discussing RE prices. Worrying about RE prices is for poor and middle class only.

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

                      either you have too much time on hand living off daddys income

                      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...
                      either you have too much time on hand living off daddys income or you are an investor who is trying to spread lies , you are kidding me when you say average net worth is 4 cr == 1 million dollars .. wow i feel flattered
                      so going by your calculation people who are users of this forums are all millionaires having a net worth of more than 4 crs/1 million dollars

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