Happened to watch Star Vijay Tv at about 6am today. One ad was for real estate – and one of the ‘idiots’ of 3 idiots was selling real estate. Did not pay much attention, but thought to myself ‘why the …..should these guys sell products that they do not understand’. Then i reconciled myself saying […]
The role of a regulator is more like a traffic policeman rather than like an investigative policeman. The traffic police makes rules: – only persons above 18 should drive – a 2 wheeler rider and his pillion should wear a helmet – signals mean……. – license application, format, test, etc. We have had a regulator […]
Subra…I bought this house for Rs. 42 lakhs about 8 years ago now it is worth Rs. 80 lakhs…It has almost doubled. So Subra using your Rule of 72…I have got a 9% return..this is fantastic is it not? In the share market I could not have got this much, right? I said…not so quick […]
Yes you read it right! You are reading www.subramoney.com and you are reading ‘buy real estate’. Well let me explain the context. In many local businesses the location of your place of business is critical for its success. If you are a doctor, run a gym, a hotel, a hair-dressing saloon, bank-ATM, etc. your ‘customers’ […]
Real estate prices are rarely rational! It is just that there is not enough information available in a well organized manner, and people are resistant to change. Take a city like Mumbai. It is impossible to set up a barber shop, an inexpensive eatery (I mean selling dosa at Rs. 50), a general practice or […]
Mostly people tell you ‘I bought a house for Rs. 50 lakhs’. Great. A house is rarely just the cost that the broker told you when you bought the house. Have you seen what are the associated costs? Cost of the house is Rs. 50 lakhs. Assuming you did not have any money for down […]
a normally anti real estate guy saying this? was your first reaction, right? Well I have always said that opportunities come in all markets. You need to decide which market suits you, what you are comfortable with and whether you have the brains and strength to straddle all markets. Here I have a deal – […]