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self-interest article
by
SSSSS on Nov 26, 2011 08:49 PM | Hide replies | Hide message |
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The market runs on demand/supply and speculation. Some greedy speculate too much, create artificial scarcity and hence dodge the prices. This guy who wrote this article has lot of self-interest to tell others prices wont fall. He gets his commission. I dont trust these people at all. For property price to be justifiable at current levels, it must be justifiable. For instance in Bangalore, paying 5-6k/sqft is without basics. Where is quality of life to justify the cost. Where are parks, good schools/hospitals in vicinity, and least public transport? Prices are jacked up and controlled by greedy politicians and builders nexus. Hence they support it with black money to attract people and fool them. Remember in US, with inflation of just 2-3% property bubbled. In India, where everything is mess, there is very huge bubble. In next 10-15 years, lot of older generation would have passed away, and present babies are still kids. Lets see how the demand/supply skew will stay then?
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