Now the CREDAI asked fellow developers to reduce prices and sell off the inventory.
Who enlightened them to reduce prices now? When they say DEMAND raising 30% every year non stop, what is the need for them to reduce the prices?
Questions remain..now my request to 'investors' of real estate is to TO SELL OFF WHATEVER INVESTMENT THEY MADE , IT IS NEAR...LAST WARNING....:)
Showing posts with label real estate crash. Show all posts
Showing posts with label real estate crash. Show all posts
Tuesday, December 4, 2012
Saturday, December 1, 2012
I expect crash is near and the reasons are....
Now the economy is on steroid and most of us are used to easy money. Even with this easy money we see the GDP slowed down to 5.3. The fraudsters who caused havoc with Indian economy are still optimistic and are telling that we have 'bottomed out'. I think this is cruel joke on Indian economy. Bottoming out means the economy reached a point from where it cannot go further down. We should get signs for economic revival. Yes. The signs of revival are important. Let us see what are the signs our fraudsters are looking at...
1. Indian government passed some 'reforms'. They are nothing but selling/opening up some of the sectors to foreigners. I am not sure how economy will improve if we allow FDI in aviation and retail sales. I think government is hoping to get some foreign exchange in the short term.
2. With all the pep talk about festival sales and all, auto sales raises a mere 10% in november that too because of low base effect by Maruti suzuki figures. We wil see the actual shocking figures of auto sales for December. Except maruti other manufacturers actually reported a decline.
3. I see the GDP figures. There is more scope for fall than raise in each of the individual components. May be mining sector may improve. The realty, finance,construction and capital goods will go much down from here. The amount which get locked in real estate is mind boggling. I don't think mango people like me will go and make real estate purchase now when nobody is sure about the economy direction.
4. Reserve bank may be blackmailed into to reduce the interest rates even though if we see the inflation figures of 7-8 percent in December also. Some bull shit reasoning will come out. I won't be surprised if government rigged the inflation figure. But unfortunately I don't think even a 100 bps rate reduction would help the economy now. But such a reduction will help to maintain the inflation at the elevated levels and it would be suicidal decision from RBI. Let us see. It would be very interesting from now on.
5. The failed monsoon is not fully factored into GDP. we cannot put that under carpet for long.
6. The imminent crash in real estate ( it is started, I heard some people who locked in real estate investments in Hosur absconded) will affect our economy in big way.
7. It will be very interesting to see how our banks are going to handle this. Now I heard that again the liquidity is started affecting banks as the banks started borrowing from RBI heavily.
8. Government and RBI's shameless act of asking people not to buy gold is shocking. When the real rate of return in paper instruments is -ve, what they are expecting people to do? This is a real shocker. To add to that Indian Mango stupid people is perfectly fine with this idiotic statements.
9. Let us see, with Indian main stock baramoter Nifty touching 6000 ( there is a theory), there may be a huge reversal.
1. Indian government passed some 'reforms'. They are nothing but selling/opening up some of the sectors to foreigners. I am not sure how economy will improve if we allow FDI in aviation and retail sales. I think government is hoping to get some foreign exchange in the short term.
2. With all the pep talk about festival sales and all, auto sales raises a mere 10% in november that too because of low base effect by Maruti suzuki figures. We wil see the actual shocking figures of auto sales for December. Except maruti other manufacturers actually reported a decline.
3. I see the GDP figures. There is more scope for fall than raise in each of the individual components. May be mining sector may improve. The realty, finance,construction and capital goods will go much down from here. The amount which get locked in real estate is mind boggling. I don't think mango people like me will go and make real estate purchase now when nobody is sure about the economy direction.
4. Reserve bank may be blackmailed into to reduce the interest rates even though if we see the inflation figures of 7-8 percent in December also. Some bull shit reasoning will come out. I won't be surprised if government rigged the inflation figure. But unfortunately I don't think even a 100 bps rate reduction would help the economy now. But such a reduction will help to maintain the inflation at the elevated levels and it would be suicidal decision from RBI. Let us see. It would be very interesting from now on.
5. The failed monsoon is not fully factored into GDP. we cannot put that under carpet for long.
6. The imminent crash in real estate ( it is started, I heard some people who locked in real estate investments in Hosur absconded) will affect our economy in big way.
7. It will be very interesting to see how our banks are going to handle this. Now I heard that again the liquidity is started affecting banks as the banks started borrowing from RBI heavily.
8. Government and RBI's shameless act of asking people not to buy gold is shocking. When the real rate of return in paper instruments is -ve, what they are expecting people to do? This is a real shocker. To add to that Indian Mango stupid people is perfectly fine with this idiotic statements.
9. Let us see, with Indian main stock baramoter Nifty touching 6000 ( there is a theory), there may be a huge reversal.
Sunday, August 26, 2012
Household Savings in GDP
The Household savings as a percentage is GDP is crashed to 7.8%. This is really a sorry state of affairs. But still the idiots who are running the show is not accepting this mistake and asking for further rate cut. Nobody is depositing money in the bank. Even Indians investment in equities are on the decline.
Many Indians who are investing in Real Estate and Gold. I do not know much about Gold ( even though I am sceptical about gold as an investment), but I am certain that people who invest in Real Estate will face the shock of their life soon. If Japan could not stop their real estate slide. Even mighty US could not stop their RE slide. who are we?
coming back to the point, I know many people who invested their hard earned money in real estatethinking that they can sell the real estate as their retirement fund. very interesting indeed.on one hand Chidambaram asking people to invest in money market instruments. On other hand he is pressuring RBI to cut interest rates. what a farce? We pride ourselves as a country to save and we boast exactly this is the reason that our banking sector is doing good. Now that is gone. What will happen next?
DON'T WE NEED TO RAISE INTEREST RATES NOW MR.CHIDAMBARAM?
Many Indians who are investing in Real Estate and Gold. I do not know much about Gold ( even though I am sceptical about gold as an investment), but I am certain that people who invest in Real Estate will face the shock of their life soon. If Japan could not stop their real estate slide. Even mighty US could not stop their RE slide. who are we?
coming back to the point, I know many people who invested their hard earned money in real estatethinking that they can sell the real estate as their retirement fund. very interesting indeed.on one hand Chidambaram asking people to invest in money market instruments. On other hand he is pressuring RBI to cut interest rates. what a farce? We pride ourselves as a country to save and we boast exactly this is the reason that our banking sector is doing good. Now that is gone. What will happen next?
DON'T WE NEED TO RAISE INTEREST RATES NOW MR.CHIDAMBARAM?
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