Real estate is going North? Good news has been swirling around all the markets lately. GDP numbers, employment numbers, real estate numbers are all being flaunted at you saying: “Ha the recession is over”. However if you are a Chartered Accountant by training and have been in consulting, being skeptical comes easy. Once upon a […]
Real estate broker: Your house is the best asset that you can expect to create in your life. You can expect it to appreciate well over the long run. What to do: Your home will not appreciate. It is not a wealth creating asset. It will not make you rich. Remember it is an important […]
It is amazing that financial services – mutual funds, life insurance and banking are seen as villians in terms of charges in a country which has so many real estate deals! Who can become a builder, who can become a broker, how much brokerage to charge, should prices be quoted for built up, super built […]
The reason it will take years for the market to reach equilibrium – where buyers and sellers can easily meet – is that the market for newer homes has more sellers than buyers! Who is selling? The first is those who bought in the past few years and owe more on their house than what […]
As some of us have been saying, we’re witnessing the unwinding of one of the greatest financial bubbles of all time. Not just in India – much more so in the USA. Yet home prices will not simply go to zero like some shares did.(Remember Mazda, Silverline, Shaan, Indiana Dairy?) However DLF shares fell from […]
Should I buy real estate now – now that the market is down or wait for it to get lower? This is a question that everybody seems to be asking. Frankly I do not know. A classmate (Prakash) and I have been having a disagreement about the direction of the housing market. He calls real […]
Many people who read my blog ask me one question. Am I against real estate investing? The answer is NO. It is a capital NO font size 72 dark, bold, …what ever else you want. However the common man – or most of the people whom I meet are so poorly equipped to deal with […]