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Builders & Real Estate Bulls Theory Proved Wrong

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Builders & Real Estate Bulls Theory Proved Wrong

Last updated: November 1 2016
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  • Re : Builders & Real Estate Bulls Theory Proved Wrong

    Originally posted by flatowner2 View Post
    EMI of 10-20K a month

    clear that loan in 2-2.5 years

    u mean to say loan amount ~5 Lacs

    This way you also get an asset.
    I hope we are not talking about a bag of peanuts, or tur daal - both of which can be assets at today's rates. ;-)

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    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      Movement of house prices according to RBI (up to December 2015): https://rbi.org.in/Scripts/BS_PressR...spx?prid=37423

      Lowest growth rate in five years. With 5% increase each year, housing prices growth are in line with CPI now.
      Attached Files

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      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        http://economictimes.indiatimes.com/...DJHh8QXHuYzgCg

        Should I buy a flat with half my salary as EMI? No I think. Must save for survival, not luxury

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        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          Originally posted by BaagadBilla View Post
          http://economictimes.indiatimes.com/...DJHh8QXHuYzgCg

          Should I buy a flat with half my salary as EMI? No I think. Must save for survival, not luxury
          Let me tell you something. There is no bigger survival nest than your own home. You might lose your job. You will still not have to worry about housing. Or paying rent. You can come back after a thousand interview rejections and still sleep in your own home.

          Without that and without a job, paying rents will get harder.

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          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            Originally posted by humblefool View Post
            Let me tell you something. There is no bigger survival nest than your own home. You might lose your job. You will still not have to worry about housing. Or paying rent. You can come back after a thousand interview rejections and still sleep in your own home.

            Without that and without a job, paying rents will get harder.
            What if EMI is 2-3 times the rent?

            Who owns the flat -: you or your bank which has given loan?

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            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              Originally posted by BaagadBilla View Post
              http://economictimes.indiatimes.com/...DJHh8QXHuYzgCg

              Should I buy a flat with half my salary as EMI? No I think. Must save for survival, not luxury
              Unable to open the link. Care to update it ?/

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              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Originally posted by manitian View Post
                Unable to open the link. Care to update it ?/
                There you go...
                IT sector to lose 6.4 lakh "low-skilled" jobs to automation by 2021: HfS Research - The Economic Times

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                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  Originally posted by Hairpin View Post
                  Movement of house prices according to RBI (up to December 2015): https://rbi.org.in/Scripts/BS_PressR...spx?prid=37423

                  Lowest growth rate in five years. With 5% increase each year, housing prices growth are in line with CPI now.
                  The Reserve Bank of India today released quarterly House Price Index (HPI) on Database of Indian Economy website for All-India and 10 major cities, viz., Mumbai, Delhi, Chennai, Kolkata, Bengaluru, Lucknow, Ahmedabad, Jaipur, Kanpur and Kochi for Q4:2015-16.


                  What is interesting is that the survey does not even include Pune, as they don't even consider Pune among the 10 major cities.

                  Comment


                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    Originally posted by humblefool View Post
                    Let me tell you something. There is no bigger survival nest than your own home. You might lose your job. You will still not have to worry about housing. Or paying rent. You can come back after a thousand interview rejections and still sleep in your own home.

                    Without that and without a job, paying rents will get harder.
                    if emi is four times the rent, then what is the point of own home? !

                    Btw, till the loan is paid off the home belongs to the bank.... in a way

                    Comment


                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Originally posted by manitian View Post
                      Unable to open the link. Care to update it ?/
                      Strange .. I cant open it either. Site problem I guess

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