Discussion Board

Buyers weary, it's going to be a dull Diwali for realtors


Total 11 messages Pages | 1 | 2   Older >
prince prince
Japanese asset price bubble
by prince prince on Oct 22, 2014 01:06 AM

The Japanese asset price bubble (バブル景気 baburu keiki?, lit. "bubble economy") was an economic bubble in Japan from 1986 to 1991 in which real estate and stock market prices were greatly inflated. The bubble episode was characterized by rapid acceleration of asset prices, overheated economic activity, as well as an uncontrolled money supply and credit expansion. More specifically, over-confidence and speculation over asset and stock prices has been closely associated with excessive monetary easing policy at that time.

By August 1990, the stock index had plummeted to half its peak by the time of the fifth monetary tightening by Bank of Japan (also known as BOJ). The asset price began to fall by late 1991, and asset prices officially collapsed in early 1992. The bubble's subsequent collapse lasted for more than a decade with plummeting asset prices resulting in a huge accumulation of non-performing assets loans (NPL) and consequently, difficulties to many financial institutions. The bursting of the Japanese asset price bubble contributed to what many call the Lost Decade.

Wait and Watch, the same will happen here, Developers and Investors who are holding on to Properties and creating a bubble will be washed out very soon.

    Forward  |  Report abuse
Bhagwan
Property
by Bhagwan on Oct 21, 2014 11:06 PM

The property market is driven by the shylock greedy builders who have got this lamp of Aladin as result of corruption of UPA series and the frenzy of the buyers, not the ones who want it as their dream home but the ones who create a maize of EMIs and investment to satisfy their ambitions of high earning without putting in real efforts or over greed...it is high time that instead of putting their future in jeopardy as the EMIs would continue to take toll of both present and future as there remains nothing for savings...the people sud unite and alike the unholy builder's cartel they sud resist and decide the price. For this they have to first stop to buy anything from the builders and the greedy investors for at least 3 years and mind my words like gold , the bubble in the property market will also burst and these fat bellied builders and greedy investors will be forced to follow a genuine and secular trend and stop multiplying the prices according to their whims.

    Forward  |  Report abuse
Salil Varma
Its no longer matter of sentiments, its about affordability
by Salil Varma on Oct 21, 2014 02:53 PM

The prices are so high that even with all my desire to buy a house I cannot. Its well beyond affordability limit of 95 % population. Initially people use to buy house from their savings. The prices rose and savings in combination with home loan became the mantra. Now even both combine cannot meet 50% of the prices being coated. What can customer do. Has no option but to keep their sentiments in lock and key.

    Forward  |  Report abuse
puliyadi rajamurthy
Not affordable!
by puliyadi rajamurthy on Oct 21, 2014 01:53 PM

People are earning, earning and earning only. They are not able to save what they want as they can spend only on personel and family requirements right from shoes, dresses,cosmetics,beauty parlor, cellphone charge, computer and accessories, house rent, current bill, water requirements, Food, Travelling, vehicles and petrol, home functions and parties, welcoming relations and friends etc,etc and so on. In this case, how can they buy a home or flat for such unaffordable price. How much percentage of people are rich in India? How many are earning and how much per month? Who will buy? Even now a days, NRIs also having poor income per month.. What people will do on 14% interest on loans? Let them take an statistics.

    Forward  |  Report abuse
Total 11 messages Pages: | 1 | 2   Older >
Write a message