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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 puser View Post
    attrition rate could be low because people got good rise within company and hence not leaving company
    No offense my friend. But you are too optimistic about IT .

    Being myself ITG i can tell you - people are not willing to switch because there are very less openings for 5+ years exp. Even if there are new openings, hike is not very attractive to compel you to switch.

    People also want to play safe due to uncertainty. You switch your job, have to build your rapport from the scratch again. Keeping your job safe is risky at new place, so better be with the current one.

    Already when more and more folks are sitting on the bench, why companies will hire more ? Rather than giving hikes, organizations look to reduce costs in uncertain environment. At some point in time, when bench employees are on the bench for longer duration, layoffs kick in.

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    • Re : Builders & Real Estate Bulls Theory Proved Wrong

      What has been proved wrong?

      1. RE Bulls theory

      2. Starting posts of this thread

      Comment


      • Re : Builders & Real Estate Bulls Theory Proved Wrong

        Originally posted by Baruch View Post

        I know a lot of careless friends in my cicrle who never thought of buying RE ( not because of price...its just they didnt care)....now married...a kid ( or a planned kid) are buying flats even at current rates....this trend will continue
        That is quite frightening. Are such people buying 70-80 lakh house or are they buying in the new areas for 30-40 lakhs?

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        • Re : Builders & Real Estate Bulls Theory Proved Wrong

          Originally posted by herohiralal View Post
          That is quite frightening. Are such people buying 70-80 lakh house or are they buying in the new areas for 30-40 lakhs?
          a friend of mine got 80 lakh loan for 3 bhk, he bought 1cr+ 3 bhk somewhere along the highway

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          • Re : Builders & Real Estate Bulls Theory Proved Wrong

            Originally posted by fatichar View Post
            What has been proved wrong?

            1. RE Bulls theory

            2. Starting posts of this thread
            you decide, but looking at facts it seems point 2 is proved wrong. rates have climbed up since this thread started and apartments are costing almost double the cost they had when this thread started.

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            • Re : Builders & Real Estate Bulls Theory Proved Wrong

              Originally posted by puser View Post
              you decide, but looking at facts it seems point 2 is proved wrong. rates have climbed up since this thread started and apartments are costing almost double the cost they had when this thread started.
              You see the rates, and forget the factors.
              After the thread started, 2 major things happened :-

              Bailout of builder by restructuring of loans,
              Teaser rates by banks to home loan buyers,
              US Fed bailout by printing more $$.

              This fuelled artificial growth for 1.5 years, now see where we are. Countries in EU have gone bankrupt, Spain has started selling its properties to foreign buyers, Italians have cut down on their food & Germany is stuck with negative growth.

              In India, compare the figs about inflation, interest rates, fiscal deficit & trade deficit. You will get real picture.
              If you are happy, you are successful.

              Comment


              • Re : Builders & Real Estate Bulls Theory Proved Wrong

                Originally posted by puser View Post
                you decide, but looking at facts it seems point 2 is proved wrong. rates have climbed up since this thread started and apartments are costing almost double the cost they had when this thread started.
                Spurred by crisis, euro zone is shaping up: Study - The Economic Times on Mobile

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                • Re : Builders & Real Estate Bulls Theory Proved Wrong

                  Originally posted by fatichar View Post
                  What has been proved wrong?

                  1. RE Bulls theory

                  2. Starting posts of this thread
                  what i would say that the theory which builders gave for raising rates, has been really proved wrong with many evidences...

                  so for increasing the rates, there must be another theory to support the rates... maybe that alternate theory is not something which can be advertised by builders/politicians.

                  Besides we have already seen bailouts, teaser rates etc.

                  Comment


                  • Re : Builders & Real Estate Bulls Theory Proved Wrong

                    Over half of crisis-hit Italians recycle food leftovers: report

                    (Reuters) - Italy's passion for eating is world famous but more than half of Italians are now recycling food leftovers to prepare new meals as they try to save money and weather a year-long recession, a survey showed.

                    Over half of crisis-hit Italians recycle food leftovers: report | Reuters
                    If you are happy, you are successful.

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                    • Re : Builders & Real Estate Bulls Theory Proved Wrong

                      Originally posted by punerebuyer View Post
                      what i would say that the theory which builders gave for raising rates, has been really proved wrong with many evidences...

                      so for increasing the rates, there must be another theory to support the rates... maybe that alternate theory is not something which can be advertised by builders/politicians.

                      Besides we have already seen bailouts, teaser rates etc.
                      +1 & not to forget the fact that investors are not getting buyers even when they are quoting below market rates, which clearly shows rate have been hyped up. Had there been true demand, investors wouldn't have faced problem in selling their flats, nor there had been over 54% inventory lying around in the city.

                      Originally posted by Baruch
                      In Mumbai/NY/Tokyo young people are forced to pay 30-40 or 50 % of their income in rent...why cant Pune/ Bangalore/ Gurgaon go the same way
                      If this happens, it means RE rates are not inflated & it makes sense to buy rather than be on rent. And if EMI & rent difference is huge & people end up spending 30-40% in rent, people will shift to other place. And who said that Mumbai rents are so high ?? Infact, compared to the price, as put by fellow member above, they fetch just 1% returns.
                      If you are happy, you are successful.

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