Hereby I will prove how the realty boomers arguments are false.

What are the boomers arguments?

1.) Buy today, houses always increase in value in the long run.
WRONG. House prices cannot increase more than incomes in the long run. This is obvious if you think about it. If house prices go up more than people can afford to pay, buying stops, like it has stopped now.
Even Warren Buffett have pointed out that houses don't increase in intrinsic value. Unless there's a bubble or a crash, house prices simply reflect current salaries and interest rates. If a house is 100 years old, it's value in sheltering you is exactly the same as it was 100 years ago. Then came the maintenance as the house didn't renovate itself. It also has taxes, and insurance - costs that always increase and never go away. The price of the house went up about as much as salaries went up.
To put this is simple perspective, vegetable were costing Rs.5-6/kg when 5 digit salary was a rarity.
Today, the prices have gone up by about 4 times but so have the salaries. So, sounds very much like the reasoning people use now when they talk about how much their father's house appreciated "in the long run" without considering that salaries rose a proportional amount.

2.) Renting is just wastage of money.
WRONG. As said before renting is now much cheaper per month than owning. If you don't rent, you either:

* Have a mortgage, in which case you are throwing away money on interest, tax, insurance, maintenance, costs that increase forever.
* Own outright, in which case you are throwing away the extra income you could get by converting your house to cash, investing in bonds, and renting a similar place to live for much less money. This extra income is sufficient for emergency expenses,retirement etc.

Either way, owners lose much more money every month than renters and that's assuming prices don't correct to very high level & everything is smooth in the economy.

3.) As a renter, you won't have any money left as you will spend them on vacations,cars & hence won't have equity/savings etc.
WRONG. Equity is just money. Renters are actually in a better position to build equity/savings through investing in anything but housing. Renters can get rich much faster than owners, just by investing in conservative stocks & bonds.

* Owners are losing every month by paying much more for interest than they would pay for rent. The tax deduction does not come close to making owing competitive with renting.
* Owners must pay taxes simply to own a house. That is not true of stocks, bonds, or any other asset that can build equity/savings. Only houses are such a guaranteed drain on cash.
* Owners must insure a house, but not most other investments.
* Owners must pay to repair a house, but not a stock or a bond.
* Owners lose their money as house prices reduce. The EMI's remain constant in spite of reduction in rates. At the end of loan tenure, they would have paid almost twice than that of current renters who will buy at logical rates. Keep interest rates in mind. Most of the EMI is not principal amount but interest.

4.) There are great tax advantages to owning a house.
WRONG. Many people believe you can just reduce your income tax by the amount you pay in interest, but they are wrong. Buyers may not deduct interest from income tax; they deduct interest from taxable income. And even then, the tax advantage is not significant compared to the large monthly loss from owning.

If you don't own a house but want to live in one, your choice is to rent a house or rent money to buy a house. To rent money is to take out a loan. A mortgage is a money-rental agreement. House renters take no risk at all, but money-renting owners take on the huge risk of falling house prices, as well as all the costs of repairs, insurance, property taxes, etc.

5.) RE is based on local factors, it's not a national phenomenon. RE of Delhi-NCR,Bangalore & rest of the cities has nothing to do with Pune RE.
WRONG. Lending rates remain the same throughout the country. ALL loans are harder to get. This will drive prices down everywhere.

6.) A rental house provides good income. So, you can rent if you have purchased as investment.
WRONG. Rental houses provide very poor income in hyped areas and certainly cannot cover mortgage payments. Remember there is almost 300% difference between EMIs & rent for the same house.

It's pointless to do the work of being a landlord if you can make more money with no risk, no work, and no state income tax by investing in assured good returns bond.

7.) If owning is a loss in monthly cash flow, but appreciation will make up for it.
WRONG. Appreciation is negative. Prices are going down. It only adds to the injury of already high EMI's.

8.) As soon as prices drop a little, the number of buyers on the sidelines willing to jump back in increases.
WRONG. There are very few buyers left, and those who do want to buy will be limited by increasing difficulty of borrowing now that many house owners are near bankrupt as they don't save anything at the end of the month due to high EMI's.
No one has to buy, but there will be more and more people who have no choice but to sell as their payments rise. That will keep driving prices downward for a long time.

9.) House prices never fall atleast in Pune.
WRONG. If you see the RE scenario of 1996, prices crashed by 50% & took a whole 7+ years to recover.
Exact 1996 scenario may not be there today but strong correction is inevitable across the city.

10.) House prices don't fall to zero like stock prices, so it's safer to invest in real estate.
WRONG. House prices won't be zero, but the equity or the principal amount you paid can be zero or even negative. What you will pay as EMIs later in actual terms is not for the principal amount but only the interest as house prices dip. So, you will be only serving the bank.

11.) Prices will soften gradually, won't crash immediately.
WRONG. Prices are falling off a cliff. No one knows exactly what will happen, but it looks like prices will continue to fall for long time. These are just more manipulation of buyer emotions, to get them to buy even while prices are falling.

12.) The bubble prices were driven by supply and demand alone.
WRONG. Prices were driven by low interest rates and risky loans & good returns for investors in initial phases of boom in 2004-05.
Prices went up, interest rates went up & buyers savings went down. So prices are violating the most basic assumptions about supply and demand.

13.) There is lack of land.
WRONG. Ample of land is available & continue to be even in future in Pune. Sales volume are down. Even in Japan (small country with less land), prices went down. Current prices here are the same as that of 23 years ago. If we really had a housing shortage, there would not be so many vacant rentals.

14.) If you don't own, you'll live in a cheap neighborhood later.
WRONG. For the any given monthly payment, you can rent a much better house than you can buy. Renters live better, not worse. There are downsides to renting, such as being told to move at the end of your lease, or having your rent raised, but since there are thousands of vacant rentals, you can take your pick and be quite happy renting during the crash. There are similar but worse problems for owners anyway, such as being fired and losing your house, or having your interest rate and property taxes adjust upward. Remember, property taxes are forever.

15.) There's always someone predicting a real estate crash.
TRUE, yet irrelevant. There are very real crashes every decade or so. Even a broken clock is right twice a day.

16.) Local incomes justify the high prices.
WRONG. The mortgage should be more than your 3 years earning. It is much higher today. Most are already in danger/red zone.

17.) You have to live somewhere.
CORRECT. But that doesn't mean you should waste your life savings on a bad investment. You can live in a better house for much less money by renting during the down slide in RE.

18.) It's not a house, it's a home.
WRONG. Wherever one lives in it is home, be it apartment, condo, bungalow , mansion or house. Calling a house a "home" is a manipulation of your emotions for profit.

19.) If you don't buy now, you'll never get another chance.
WRONG. History proves otherwise.
Here's a beautiful quote from a analyst:-
"The real issue isn't whether you will be stuck being a renter all your life, she says. Its whether you'll get so scared about being shut out that you'll buy at the market's peak and be stuck in a property you can't afford or sell."

20.) It would take major economic recession or a major earthquake that wipes out this area in order for the price to fall by over 50%.
WRONG. Even today, if the prices fall by 50%, there will still be very few people who can buy at this levels due to uncertainty in jobs & most importantly high EMIs. Also, look at the rental rates for equivalent houses. Which loss per month is larger? EMI or rent?

contd....
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  • Realty developers will be forced to cut property prices by 20% after RBI rate hike

    "Banks will put pressure on developers for improving their business liquidity. It's a question of who blinks first, and for now, it looks like developers will. This will result in properties becoming cheaper by up to 20%, which is good news for the buyer," said Pranay Vakil, chairman of property consultancy firm Knight Frank India. According to experts, the current rate hike may achieve what the earlier 10 rate hikes could not. Most realty developers may be now forced to cut property prices and move the inventory out to infuse liquidity into their business, said market experts.

    "It will lead to softening of property prices, as this 11th successive hike in rates will push equated monthly installments, or EMIs, up by 20% at aggregate level and to take care of this 20% hike, the borrower will have to increase his pre-tax income by almost 30%," Vakil said.

    The move has come in as a shock and will hit both developers and home buyers given the higher cost of funding, said most realty developers. According to leading realtor Niranjan Hiranandani.

    Realty developers will be forced to cut property prices by 20% after RBI rate hike - The Economic Times
    CommentQuote
  • Bahahuut Bhadake phir jara ghatake --

    Bahahuut Bhadake phir jara ghatake --
    so if property prices have gone up atleast 40 % and then reduced by 20 % would be a profit of 20% rite .. I know it is not that simple all i am trying to say is that it should fall and be with in reach of Mango people:bab (6):

    Originally Posted by realacres
    "Banks will put pressure on developers for improving their business liquidity. It's a question of who blinks first, and for now, it looks like developers will. This will result in properties becoming cheaper by up to 20%, which is good news for the buyer," said Pranay Vakil, chairman of property consultancy firm Knight Frank India. According to experts, the current rate hike may achieve what the earlier 10 rate hikes could not. Most realty developers may be now forced to cut property prices and move the inventory out to infuse liquidity into their business, said market experts.

    "It will lead to softening of property prices, as this 11th successive hike in rates will push equated monthly installments, or EMIs, up by 20% at aggregate level and to take care of this 20% hike, the borrower will have to increase his pre-tax income by almost 30%," Vakil said.

    The move has come in as a shock and will hit both developers and home buyers given the higher cost of funding, said most realty developers. According to leading realtor Niranjan Hiranandani.

    Realty developers will be forced to cut property prices by 20% after RBI rate hike - The Economic Times
    CommentQuote
  • With the kind of land laws being enacted and the kind of opposition farmers have done, RE prices are only going up up and up.

    NOIDA (and Singur and Posco) is a very big disaster for planned urbanisation.

    Expect 1980s economy to return with a bang. If you elect a 1980s style COngress govt, and they do 1980s style of economy (and corruption) - obviously you are going to get back the 1980s.

    Except that in 1980s we had Maruti and now we have mobil-e p-hones, I can see absolutely no difference.

    We are in a time warp.
    CommentQuote
  • Originally Posted by shashankgujjar
    Bahahuut Bhadake phir jara ghatake --
    so if property prices have gone up atleast 40 % and then reduced by 20 % would be a profit of 20% rite .. I know it is not that simple all i am trying to say is that it should fall and be with in reach of Mango people:bab (6):

    The current price fall estimate is based on the situation of TODAY. Gradually, when we see further hikes, inflation going up, US going down, the toll will be even more.

    Man, there is no one shot fall in anything, even when you halt your car from 100-0, you need to come to 80 first...hope you got the point.
    CommentQuote
  • SBI hints at hike in interest rate next week

    Country's largest lender State Bank of India (SBI) today indicated it could hike interest rates by up to 50 basis point next week.

    SBI hints at hike in interest rate next week - PTI -

    Btw, several other banks have already hiked the interest rates for home loans with effect from this month itself. Here is one more similar story-

    Union Bank ups lending rates by 50 bps

    Union Bank ups lending rates by 50 bps - PTI -
    CommentQuote
  • S&P cuts US credit rating from AAA to AA+ for first time

    The United States has lost its top AAA credit rating for the first time, in a move that could severely undermine the recovery of the world's largest economy and prompt further calamitous falls on world stock markets next week.

    Ratings agency Standard & Poor's decision to cut the debt rating after another dire day on the world stock markets on Friday could increase the cost of borrowing for the US and set off more panic selling when stock markets reopen on Monday.

    US credit rating downgrade prompts warning from China | Business | guardian.co.uk
    CommentQuote
  • Originally Posted by realacres
    The United States has lost its top AAA credit rating for the first time, in a move that could severely undermine the recovery of the world's largest economy and prompt further calamitous falls on world stock markets next week.

    Ratings agency Standard & Poor's decision to cut the debt rating after another dire day on the world stock markets on Friday could increase the cost of borrowing for the US and set off more panic selling when stock markets reopen on Monday.

    US credit rating downgrade prompts warning from China | Business | guardian.co.uk


    In June 2009 in the very first post of this thread realacres concluded the following things,

    Conclusion:-

    1.) People are simply not spending due to current RE & economic scenario.

    2.) Investors aren't there, ending the speculation.

    3.) Current market is end user dictated. End user doesn't find rates affordable/logical.

    4.) Builder>> End User or
    Builder>> Investor/speculator>> End user.
    The chain ends with end user. End user is the king. Hence, expect distress sales from investors too.

    5.) Result is visible on ground. Builders slashing prices, thus defying PBAP diktat. One builder reduces rates & now it is catching steam that will set off chain reaction for RE crash.

    6.) Most importantly, the buyers are not homeless. They have a house even if it means rented one. Those who want to upgrade from 2BHK to 3/4BHK have put their plans on hold, as they too are not desperate. Due to several layoffs, people are going back to their native place, thus increasing the number of flats on rent.

    7.) Several news posted earlier, clearly indicate that bankers, economic analysts as well as realty observers state that the RE prices will come down by 50-60% from their peak value, irrespective of place, location. These people are neither bears nor bulls, but analysts with neutral perspective.

    8.) Most importantly, the holding capacity of buyers is greater than builders. Builders have taken loans from various finance sources with interest rates as high as 20-35%. These are turning defaulters & if they want the finance institutions not to put an attachment to their properties, they will have no other option but to sell off current inventory a very low rates.

    Who blinks first was the question late last year. Today we have the answer:- Builders.

    Like it or not, the current Pune RE scenario is similar to that of a ship heading inside the ‘Bermuda triangle’. What is visible today is just a deflection of ‘Compass’. Once it reaches the epicenter of the ‘Bermuda Triangle’, no one can help it from sinking.
    ==========

    Time to retrospect and see how many of these conclusions were REALLY true.
    To me NONE seem to be true.

    The good thing about this crisis story is that nobody mentions a time frame but just get away by speculating things....

    More than 2 Years have passed, we still see posts containing negative advise for buying, posts stating how bad the market is, economic crisis is inevitable etc etc..

    :bab (3):

    Even if there is a crisis now...big deal... what we need is people who can advise on WHEN to buy and HOW MUCH to buy for.... and not just some theories or calculations...

    We should just stop this and let people BUY.... imagine if people had bought in June 2009 when the prices were really 'affordable' (around Rs 2500/sqft) people would still have survived in 2011 and would also feel very very proud of their OWN House.

    PS:
    1) I am not a builder or a broker, am just a common (hopeful) buyer like you...
    2) I really respect realacres, none of my remarks are personal or directed towards any specific person.
    CommentQuote
  • + to this.

    To much of negativity is also harmful. Back in 2009, even i got a bit biased becoz of this forum and missed a good deal.

    Originally Posted by tarcap
    In June 2009 in the very first post of this thread realacres concluded the following things,

    Conclusion:-

    1.) People are simply not spending due to current RE & economic scenario.

    2.) Investors aren't there, ending the speculation.

    3.) Current market is end user dictated. End user doesn't find rates affordable/logical.

    4.) Builder>> End User or
    Builder>> Investor/speculator>> End user.
    The chain ends with end user. End user is the king. Hence, expect distress sales from investors too.

    5.) Result is visible on ground. Builders slashing prices, thus defying PBAP diktat. One builder reduces rates & now it is catching steam that will set off chain reaction for RE crash.

    6.) Most importantly, the buyers are not homeless. They have a house even if it means rented one. Those who want to upgrade from 2BHK to 3/4BHK have put their plans on hold, as they too are not desperate. Due to several layoffs, people are going back to their native place, thus increasing the number of flats on rent.

    7.) Several news posted earlier, clearly indicate that bankers, economic analysts as well as realty observers state that the RE prices will come down by 50-60% from their peak value, irrespective of place, location. These people are neither bears nor bulls, but analysts with neutral perspective.

    8.) Most importantly, the holding capacity of buyers is greater than builders. Builders have taken loans from various finance sources with interest rates as high as 20-35%. These are turning defaulters & if they want the finance institutions not to put an attachment to their properties, they will have no other option but to sell off current inventory a very low rates.

    Who blinks first was the question late last year. Today we have the answer:- Builders.

    Like it or not, the current Pune RE scenario is similar to that of a ship heading inside the ‘Bermuda triangle’. What is visible today is just a deflection of ‘Compass’. Once it reaches the epicenter of the ‘Bermuda Triangle’, no one can help it from sinking.
    ==========

    Time to retrospect and see how many of these conclusions were REALLY true.
    To me NONE seem to be true.

    The good thing about this crisis story is that nobody mentions a time frame but just get away by speculating things....

    More than 2 Years have passed, we still see posts containing negative advise for buying, posts stating how bad the market is, economic crisis is inevitable etc etc..

    :bab (3):

    Even if there is a crisis now...big deal... what we need is people who can advise on WHEN to buy and HOW MUCH to buy for.... and not just some theories or calculations...

    We should just stop this and let people BUY.... imagine if people had bought in June 2009 when the prices were really 'affordable' (around Rs 2500/sqft) people would still have survived in 2011 and would also feel very very proud of their OWN House.

    PS:
    1) I am not a builder or a broker, am just a common (hopeful) buyer like you...
    2) I really respect realacres, none of my remarks are personal or directed towards any specific person.
    CommentQuote
  • US AAA rating downgrade will lead to more hike in Real estate prices in Pune

    Originally Posted by realacres
    The United States has lost its top AAA credit rating for the first time, in a move that could severely undermine the recovery of the world's largest economy and prompt further calamitous falls on world stock markets next week.

    Ratings agency Standard & Poor's decision to cut the debt rating after another dire day on the world stock markets on Friday could increase the cost of borrowing for the US and set off more panic selling when stock markets reopen on Monday.

    US credit rating downgrade prompts warning from China | Business | guardian.co.uk



    Soon CERDI/Jain etc will come with statement ...
    US AAA rating downgrade will lead to more hike in Real estate prices in Pune...:D
    then forum readers will start wondering how this is possible
    See. ....
    According to PBAP
    Chances of US companies shifting to Pune are high...
    They will close their US Business and start afresh here ...:bab (38):
    CommentQuote
  • Originally Posted by fundoo158
    + to this.

    To much of negativity is also harmful. Back in 2009, even i got a bit biased becoz of this forum and missed a good deal.


    Exactly. If genuine buyers start taking this forum seriously then they can never buy...

    I dont remember even a single thread in last 2 years when all members (or a decent majority) have said 'BUY'.

    I understand 'caution' but I cannot find any logic to explain the perennial negativity of this forum ...

    :bab (38):
    CommentQuote
  • Originally Posted by tarcap
    Exactly. If genuine buyers start taking this forum seriously then they can never buy...

    I dont remember even a single thread in last 2 years when all members (or a decent majority) have said 'BUY'.

    I understand 'caution' but I cannot find any logic to explain the perennial negativity of this forum ...

    :bab (38):

    I agree. recently one of the buidlers did shut few ppls mouth with proper answers on IREF.
    CommentQuote
  • tarcap,
    read carefully all the posts.

    Though giving a -ve outlook; at the end every reply most were saying:
    1. buy what you can afford
    2. be very cautious if you plan to buy for investment purpose

    Also see the latest poll here. 70% people's current home valuation is less than 1 cr. everyone here is not earning 15-20L per yr

    Millions of well indians exist and probably 0.1% of those comment on this site.

    This site is great for knowledge so you yourself are in a position to take a good decision. And giving you all for FREE !!
    Dont expect this site to spoon feed you in buying




    Originally Posted by tarcap
    In June 2009 in the very first post of this thread realacres concluded the following things,

    Conclusion:-
    ..............

    Even if there is a crisis now...big deal... what we need is people who can advise on WHEN to buy and HOW MUCH to buy for.... and not just some theories or calculations...

    We should just stop this and let people BUY.... imagine if people had bought in June 2009 when the prices were really 'affordable' (around Rs 2500/sqft) people would still have survived in 2011 and would also feel very very proud of their OWN House.

    PS:
    1) I am not a builder or a broker, am just a common (hopeful) buyer like you...
    2) I really respect realacres, none of my remarks are personal or directed towards any specific person.
    CommentQuote
  • Originally Posted by Manoos
    tarcap,
    read carefully all the posts.

    Though giving a -ve outlook; at the end every reply most were saying:
    1. buy what you can afford
    2. be very cautious if you plan to buy for investment purpose

    Also see the latest poll here. 70% people's current home valuation is less than 1 cr. everyone here is not earning 15-20L per yr

    Millions of well indians exist and probably 0.1% of those comment on this site.

    This site is great for knowledge so you yourself are in a position to take a good decision. And giving you all for FREE !!
    Dont expect this site to spoon feed you in buying


    But if u observe, its true, in every thread in Pune on IREF, most of the time there are comments only like this .. 'recession is coming', 'price will fall', 'buying now is foolishness', DSK is low quality. Paranjape is this, Dagade is that, Kumar is cheater, KP is yaaks, Konark is in sink, Goyal Ganga & Gera are gone case... reminds me Jay-Mausi conversation

    Mausi : Arre beta, bas itna samaz lo ke me jawaan beti seene par
    pathhar ke sil ki tarah hoti hai. Basanti ka byaah ho jaaye
    to chain ki saans loo.
    Jay : haa sach kaha mausi aapne. bada bojh hai aap par.
    Mausi : Lekin beta, is bojh ko koi kunwe me to phaik nahi deta.Bura nahi
    maananaa , itanaa to poochhanaa hi padataa hai ke ladke
    kaa khaandaan kyaa hai uske lachhchhan kaise hai, kamaataa kitnaa
    hai?
    Jay : Kamaane ka to ye hai mausi,..,ke ek baar biwi bachhon ki jimmedaari
    sar pe aa gayi to .. kamaane bhi lagegaa.
    Mausi : To kya abhi kuchh bhi nahi kamaataa?
    Jay : Nahi nahi ye maine kba kahaa mausi, kamaataa hai lekin,... ab roj
    roj to aadmi jeet nahi sakataa na. .. kabhi haar bhi jaataa hai
    bechaaraa?
    Mausi : haar jaata hai?
    Jay : haan mausi ab ye kambakht juwaa cheej hi aisi hai ab mai kyaa
    kahoon ?
    Mausi : heynnnn. to kya juwaari hai?
    Jay : chhi chhi chhi chhi mausi, woh aur juwaari na na. woh to bahot hi
    achchha aur nek ladka hai.Lekin mausi, ek baar sharaab pi li na phir,
    achchhe bure ka kahaa hosh rahataa hai. Haath pakad ke bitha liyaa
    kisi ne juwaa khelane. ab isme bechare Veeru ka kya dosh?
    Mausi : Thik kahate ho beta. juwaari woh sharaabi woh lekin, uska koi
    dosh nahi.
    Jay : Mausi aap to mere dost ko galat samaz rahi hai. woh to itanaa
    seedha aur bhola hai. aare basanti se uski shaadi karke to dekhiye,
    ye juwe aur sharaab ki aadat to do din me chhoot jaayegi.
    Mausi : Arre beta, mujh budhiyaa ko samaza rahe ho. ye sharaab aur juwe ki aadat kisi ki chhooti hai aaj tak.
    Jay : Mausi aap Veeru ko nahi jaanati , wishwaas kijiye wo is tarah kaa
    insaan nahi hai. Ek baar shaadi ho gayi to woh us gaane-waali ke
    jaanaa band kar degaa. bas, sharaab apne aap chhoot jaayegi.
    Mausi : Hi hi, bas yehi ek kami raha gayi thi. to kya kisi gaane-waali ke
    bhi aanaa jaanaa hai?

    U decide....
    CommentQuote
  • Naveen no where on internet or real life you will get 100% confident answers for an asset where you are going to put your life's money.

    The very fact that you belived in the forums means you yourself thought -vely about economy.

    If you were +ve you would have been asking the brokers who would have advised you to buy

    Also check this Confirmation bias - Wikipedia, the free encyclopedia

    Originally Posted by Naveen_Flat
    But if u observe, its true, in every thread in Pune on IREF, most of the time there are comments only like this .. 'recession is coming', 'price will fall', 'buying now is foolishness', DSK is low quality. Paranjape is this, Dagade is that, Kumar is cheater, KP is yaaks, Konark is in sink, Goyal Ganga & Gera are gone case... reminds me Jay-Mausi conversation

    Mausi : Arre beta, bas itna samaz lo ke me jawaan beti seene par
    pathhar ke sil ki tarah hoti hai. Basanti ka byaah ho jaaye
    to chain ki saans loo.
    Jay : haa sach kaha mausi aapne. bada bojh hai aap par.
    Mausi : Lekin beta, is bojh ko koi kunwe me to phaik nahi deta.Bura nahi
    maananaa , itanaa to poochhanaa hi padataa hai ke ladke
    kaa khaandaan kyaa hai uske lachhchhan kaise hai, kamaataa kitnaa
    hai?
    Jay : Kamaane ka to ye hai mausi,..,ke ek baar biwi bachhon ki jimmedaari
    sar pe aa gayi to .. kamaane bhi lagegaa.
    Mausi : To kya abhi kuchh bhi nahi kamaataa?
    Jay : Nahi nahi ye maine kba kahaa mausi, kamaataa hai lekin,... ab roj
    roj to aadmi jeet nahi sakataa na. .. kabhi haar bhi jaataa hai
    bechaaraa?
    Mausi : haar jaata hai?
    Jay : haan mausi ab ye kambakht juwaa cheej hi aisi hai ab mai kyaa
    kahoon ?
    Mausi : heynnnn. to kya juwaari hai?
    Jay : chhi chhi chhi chhi mausi, woh aur juwaari na na. woh to bahot hi
    achchha aur nek ladka hai.Lekin mausi, ek baar sharaab pi li na phir,
    achchhe bure ka kahaa hosh rahataa hai. Haath pakad ke bitha liyaa
    kisi ne juwaa khelane. ab isme bechare Veeru ka kya dosh?
    Mausi : Thik kahate ho beta. juwaari woh sharaabi woh lekin, uska koi
    dosh nahi.
    Jay : Mausi aap to mere dost ko galat samaz rahi hai. woh to itanaa
    seedha aur bhola hai. aare basanti se uski shaadi karke to dekhiye,
    ye juwe aur sharaab ki aadat to do din me chhoot jaayegi.
    Mausi : Arre beta, mujh budhiyaa ko samaza rahe ho. ye sharaab aur juwe ki aadat kisi ki chhooti hai aaj tak.
    Jay : Mausi aap Veeru ko nahi jaanati , wishwaas kijiye wo is tarah kaa
    insaan nahi hai. Ek baar shaadi ho gayi to woh us gaane-waali ke
    jaanaa band kar degaa. bas, sharaab apne aap chhoot jaayegi.
    Mausi : Hi hi, bas yehi ek kami raha gayi thi. to kya kisi gaane-waali ke
    bhi aanaa jaanaa hai?

    U decide....
    CommentQuote
  • Originally Posted by Manoos
    Naveen no where on internet or real life you will get 100% confident answers for an asset where you are going to put your life's money.

    The very fact that you belived in the forums means you yourself thought -vely about economy.

    If you were +ve you would have been asking the brokers who would have advised you to buy

    Also check this Confirmation bias - Wikipedia, the free encyclopedia


    why will i be biased?

    i can explain with an example of Mont Vert Belair thread. Somebody raised a concern for registration & said "... but such reputed builders are expected to be professional ..."
    Immediately realacers replied ''C'mon man, how can you call Mont Vert reputed ? It is like saying Sharad Pawar is honest'. I feel sad for you but still don't understand how can one book where sanctions are not in place ?? '
    and then another contributor said "I have dropped my plan to but (should be buy I guess) the flat at Belair"
    Whereas the registration was started as per helmark.

    That is sad.
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