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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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  • #21

    #21

    Re : Should one really wait for Price Crash?

    I agree that the dollar will reach 25Rs range , but expect this to happen not in 2-3 years but after the next bull US Stock market ( around 2016).

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    • #22

      #22

      Re : Should one really wait for Price Crash?

      Hmm - So this is good time for NRI's to buy

      If they buy now, value of their property (in $ term) will appreciate!!! What do you all wiseman say about that?
      Manoj Misra

      Get a different view...

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      • #23

        #23

        Re : Should one really wait for Price Crash?

        There is no such thing as good or wrong time to invest

        When you are no longer caught up in the dichotomy of right and wrong or good and bad, you can never do anything wrong. As long as you are caught up in this duality, the danger is that you will always do wrong.

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        • #24

          #24

          Re : Should one really wait for Price Crash?

          Originally posted by Manoj Misra View Post
          If they buy now, value of their property (in $ term) will appreciate!!! What do you all wiseman say about that?
          Thats true. I expect the dollar to get strong further in the next 6 months, and would remain in 50 Rs range gor quite sometime.

          Even NRI's can wait to make better deal.

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          • #25

            #25

            Re : Should one really wait for Price Crash?

            Prabably ...

            Originally posted by Manoj Misra View Post
            If they buy now, value of their property (in $ term) will appreciate!!! What do you all wiseman say about that?

            Probably. But why necessarily RE?

            They could do better in the short term transferring to other stronger currencies like the Swiss Franc, Singapore $. After all, switching from one declining asset (US$ - in my opinion) to another declining asset (RE anywhere - again in my opinion) in the short/medium term is not really a very smart thing to do!

            They would do well to switch from a weak asset to a strong asset that is also liquid. Later, when the weakness of India RE is ironed out, they can happily wade into Indian RE.

            cheers

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            • #26

              #26

              Re : Should one really wait for Price Crash?

              I think it is always a Good time to wait for some more time. I know today Banks are planning to reduce the Interest rate. But this will not help to sell out property. Untill and unless the developer comes down to the real price. Please refer the other post how they are making money. GOVT should come to help the common man not the Rich Business Man.But again you know how the politicians are in India.
              Either land or AIR and FOOD. Choice is yours.

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              • #27

                #27

                Re : Should one really wait for Price Crash?

                Realty sector getting a lifeline?

                Looks the Indian government is contemplating a huge bailout for the realty sector and to induce new loan schemes through the PSU Banks.

                Quoting from an article

                In order to boost the troubled housing sector, the government on Sunday said public sector banks would soon unveil a package for those seeking home loans of up to Rs 20 lakh (Rs 2 million) and promised measures that would accelerate the "growth trajectory."

                "Public sector banks will shortly announce a package for borrowers for home loans in two categories -- for loans of up to Rs 5 lakh (Rs 500,000) and Rs 5-20 lakh (Rs 500,000-2 million)," an official statement said, a move that signals cheaper credit for buyers for low and middle-class segments.

                The government pointed out that there is a large unmet demand for housing in the country, especially for middle and low income groups.

                Stating that housing is an important source of employment and generates demand for critical sectors, the Centre said that the housing sector would be kept under a "close watch" and promised that additional measures would be taken, as necessary, to promote an accelerated growth trajectory.

                The demand in residential segment has declined in the last six months on account of high interest rates on housing loans and steep rise in property prices during last two to three years, experts said.

                The government highlighted the RBI's decision to provide refinance facility of Rs 4,000 crore (Rs 40 billion) to National Housing Bank.
                "In addition, one of the areas where plan expenditure can be increased relatively easily is the Indira Awas Yojna," the statement said.

                Expressing disappointment on the economic package for housing sector, Parsvnath Developers Chairman Pradeep Jain said: "Package for home loans borrowers is an eyewash. It is not going to spur demand."
                To give a fillip to the real estate sector, particularly housing sector, the Reserve Bank of India had on Saturday said that banks can classify housing loans up to Rs 20 lakh as "priority sector" advances, subject to a ceiling of 5 per cent of their total priority sector target.
                Loans by banks to housing finance companies (HFCs) for on-lending to individuals for purchasing/constructing dwelling units may be classified under the priority sector, provided the housing loans granted by HFCs do not exceed Rs 20 lakh per dwelling unit per family, RBI had said in a statement.

                The special dispensation for treating loans to HFCs as priority sector advances will boost lending to the housing sector, it added.
                Will this resurrect the falling real estate market and prevent the sharp price crash that was expected?
                Last edited December 10 2008, 06:12 PM.

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                • #28

                  #28

                  Re : Should one really wait for Price Crash?

                  Interesting..

                  Hmm..its always good to wait!!! But can anyone time the market?
                  Manoj Misra

                  Get a different view...

                  Comment

                  • #29

                    #29

                    Re : Should one really wait for Price Crash?

                    why not ???
                    u might not get the exact trough, but u may come near it.
                    And all these *SS analysts will only tell u that u cant time it.
                    but believe me, u have to learn to time it. other wise life is screwed n will will get what an average investor gets...

                    Thats what my dad says.... Dont be average.... learn to time it... u will have to make effort for it.... But DO IT!! Thats worth.

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                    • #30

                      #30

                      Re : Should one really wait for Price Crash?

                      Give some tips on timing..

                      .. thanks.. what about giving some tips on timing mr buzz? Cheers
                      Manoj Misra

                      Get a different view...

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