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Is Real Estate the best place to park black money?

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Is Real Estate the best place to park black money?

Last updated: April 2 2009
28 | Posts
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  • #21

    #21

    Re : Is Real Estate the best place to park black money?

    Originally posted by ks2071746 View Post
    Dear friend,

    Those having black money know that they can better park the same in RE. One who does not have the BM cannot prove it.

    ks2071746
    Heard of Swiss banking, Hawala rackets, anonymous investment funds? Those are lot safer places to park the BM. RE is hardly a place as a store of BM as it lacks mobility of funds and hence easily tractable.

    Comment

    • #22

      #22

      Re : Is Real Estate the best place to park black money?

      Originally posted by Natarajg007 View Post
      Whether RE is the best place to park BM is another question? Can I sell one RE and buy another in a convenient location without BM troubles is my question. For example, one reason I have been trying to sell some property in Chennai is to buy for that price in Bangalore. Now it is almost impossible to do it. Suppose the price I sell is 100 then in Chennai with such absurd guideline values and Registrars preventing fair deals, I wont get more than 20 in white and in the best case will be 50. Now the remaing 50 is BM whether I like it or not, whether the buyer likes it or no. So I might sell my property to a Gentleman with 100% white money, but if I cant register my transaction due to the registrar it becomes black! Not my fault or the fault of the buyer.
      Now in Bangalore the rate of White:Black is not as bad as Chennai. So if I sold for 100 and took say 30 white and 70black and bought a property for 100 in bangalore I will need to pay 50white and 50black or even higher percentage of white. Now I need to get the remaining white and need to hide the black.
      Explains why RE in Chennai might never fall and why having RE in Chennai is worthless if you want to liquify it into cash!
      Your first paragraph made sense, till I came to your non stop chorus "RE in Chennai might never faill". Now I have come to believe your argument is to promote your vested interest.

      Comment

      • #23

        #23

        Re : Is Real Estate the best place to park black money?

        Parking BM

        Dear friend,

        I strongly feel, only people who do not have BM in their possession talk about parking their non existant BM. Those in possession will know of many ways and means of parking their BM. I do not think, any one need to teach them on where or how to park their BM.

        ks2071746

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        • #24

          #24

          Re : Is Real Estate the best place to park black money?

          Originally posted by nick_alan_76 View Post
          Heard of Swiss banking, Hawala rackets, anonymous investment funds? Those are lot safer places to park the BM. RE is hardly a place as a store of BM as it lacks mobility of funds and hence easily tractable.
          Dear friend

          What you said is 100 % true. I accept your views

          thanks

          chataara

          Comment

          • #25

            #25

            Re : Is Real Estate the best place to park black money?

            Dear friend,

            I do not think, many friends in this forum, may have sufficient BM to park in RE?

            ks2071746

            Comment

            • #26

              #26

              Re : Is Real Estate the best place to park black money?

              Originally posted by ks2071746 View Post
              Dear friend,

              I do not think, many friends in this forum, may have sufficient BM to park in RE?

              ks2071746
              If they have sufficient black money they will not sit and write in this forum.

              They have many other works to exploit and amass the BM for their next generations.

              Thanks

              chataara

              Comment

              • #27

                #27

                Re : Is Real Estate the best place to park black money?

                Originally posted by chataara View Post
                If they have sufficient black money they will not sit and write in this forum.

                They have many other works to exploit and amass the BM for their next generations.

                Thanks

                chataara
                Dear friend,

                I do not disagree with you. Still, there can be a few as I find there are agents/brokers found participating here.

                ks2071746

                Comment

                • #28

                  #28

                  Re : Is Real Estate the best place to park black money?

                  Originally posted by ks2071746 View Post
                  Dear friend,

                  I do not disagree with you. Still, there can be a few as I find there are agents/brokers found participating here.

                  ks2071746
                  Dear friend

                  Any forum like this will definitely have brokers and agents.

                  They are here to watch what the genuine buyers and sellers of RE think. It will help them change their trend and apply different bait to capture the innocent people.

                  Thanks

                  chataara

                  Comment

                  • #29

                    #29

                    Re : Is Real Estate the best place to park black money?

                    Dear friend,

                    I agree.

                    ks2071746

                    Comment

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