After Anna Hazare episode, middle class will come to street to protest against government about the erosion in their real estate valuations.This would be Indian Middle Class next agitation.
THIS IS GOING TO HAPPEN. ANY TAKERS?
THIS IS GOING TO HAPPEN. ANY TAKERS?
No way.. Any loss of RE value is a single person's misery.. Banks are not going to see NPA increase due to residential real estate correction since they lend to only 60 % of the paper value rather than market value ( atleast in Tamil Nadu).. If individuals talk abt their losses and want to come to the street, govt has a way to request for their tax income which allowed them to make that expensive RE bet.
ReplyDeleteI feel that there is a strong possibility of it but the Middle Class will disguise it as a fight against "corruption" though most of the Middle Class is corrupt and unethical themselves.
ReplyDeleteGood to find your blog finally. I will be keenly following it.
Thanks for the anonymous for the comment above. you can have a name for yourselves if you dont want to share your original name.
ReplyDeleteplease do write your views.You can go through all the articles
You can call me XYZ for now.
ReplyDelete