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Should one really wait for Price Crash?

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Should one really wait for Price Crash?

Last updated: December 19 2010
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  • #11

    #11

    Re : Should one really wait for Price Crash?

    in contrast to one comment by wiseman about 25 rupees to a dollar value..

    the economic times predict dollar will be more stronger...

    check this link
    http://economictimes.indiatimes.com/...ow/3786362.cms

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    • #12

      #12

      Re : Should one really wait for Price Crash?

      Will wait!!

      Interesting point!!
      Manoj Misra

      Get a different view...

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      • #13

        #13

        Re : Should one really wait for Price Crash?

        Originally posted by paul1970 View Post
        My answer is a Big Wait. There is no a long way to Go. Be patience.

        What we hear and see about the financial crisis in the media may be only 20-40% true, the rest (real story) is unknown. So the worst is yet to come. No accounting guy will tell the real truth in case of a serious problem.
        i belive this is the right time to invest

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        • #14

          #14

          Re : Should one really wait for Price Crash?

          Key question - Quality...

          Will the quality of construction get impacted in all this mess and in rush to reduce prices?

          Manoj
          Manoj Misra

          Get a different view...

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          • #15

            #15

            Re : Should one really wait for Price Crash?

            source of funds

            hello friend
            One important question to answer is whether you are investing with
            cash or borrowing for the purpose of investment.
            Also to be considered whether it is for own use or not.
            If you are availing loan it is better to wait for the latest boom to go bust.
            If you are paying in cash and its for own use its advisable to go ahead even now.
            regards
            unlikely

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            • #16

              #16

              Re : Should one really wait for Price Crash?

              I am not sure why someone feels that this is the time to invest. We have seen prices in the past 4 years appreciated more than in the past 15 years. Even afetr so called small correction the price has not even touched last year levels (I can see 50% appreciation compared to June 2007 prices for Chennai). In fact the price is only stagnating or a small correction. Year 2003 prices were normal prices. Allowing a maximum of 10% appreciation per year, if you find the prices now is not more than 50% of year 2003 prices I would consider it is the best time to invest. The farther from this price nthe return will be less or negative in the short term.

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              • #17

                #17

                Re : Should one really wait for Price Crash?

                quality is visible and bad quality more so.

                Originally posted by Manoj Misra View Post
                Thanks Wiseman for detailed response. Key issue I am trying to understand - will price reduction lead to developers using inferior quality material or will risk project completion? Any thoughts on those lines will be really appreciated.

                Regards,

                Manoj Misra
                I dont think a reasonable class builder would use inferior materials,leave alone ethics but it does not make buiseness sense.bcoz all the flats dont get booked on bhoomi puja itself,you get enquiries during construction too.potential buyers do go to the site and check the quality of construction which does not take expertise, bricks can be seen ,mortar colour will tell u,concrete thickness is visible. rods project out of the unfinished coloumns(vertical elements) i mean it is easy to say what is 'not good quality'.hence any builder would not take achance to put off potential buyers.and the RCC structure is less than 40% of the cost and you cannot reduce more than 15% without a lay man's koweledge. get it.
                the best way is to visit the builders previous projects and acertain.you can ask for the structural drawing and consult an engineer too.

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                • #18

                  #18

                  Re : Should one really wait for Price Crash?

                  Good Point!

                  Great Point..
                  Manoj Misra

                  Get a different view...

                  Comment

                  • #19

                    #19

                    Re : Should one really wait for Price Crash?

                    The banks knows better than us. Why do they reduce LTV and stop lending.

                    The right time to buy will the point when the banks relax their lending rules.

                    Comment

                    • #20

                      #20

                      Re : Should one really wait for Price Crash?

                      A small but important difference in perception ...

                      Originally posted by varunet View Post
                      in contrast to one comment by wiseman about 25 rupees to a dollar value..

                      the economic times predict dollar will be more stronger...

                      check this link
                      http://economictimes.indiatimes.com/...ow/3786362.cms

                      Hi Varun,

                      Checked the post. you said this article predicted the $$$ rate. It does not. Ir only states the recent run-up of the $$$ and its current level.

                      On the other hand, I predict that the $$$ to come down to these levels over the next 2-3 years.

                      A small but important difference.

                      cheers

                      Comment

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