Comments on: A comment on real estate http://expertdabbler.com/2011/12/10/a-comment-on-real-estate/ Rombo nallavan Tue, 22 May 2012 21:49:05 +0000 http://wordpress.org/?v=2.2.1 By: PrabuKarthik http://expertdabbler.com/2011/12/10/a-comment-on-real-estate/#comment-223416 PrabuKarthik Tue, 17 Jan 2012 02:16:49 +0000 http://expertdabbler.com/2011/12/10/a-comment-on-real-estate/#comment-223416 Dinesh, I am sure you know the geography of periyanaicken palayam - it's a good 20 km from coimbatore in Mettupalayam road. BTW 6.25 cents = just about 1.2 grounds. 5.5 cents make one ground approx. In terms of city size, I'd say periyanaicken palayam is comparable to maraimalai nagar near chennai. In effect, the asking price in periyanaicken palayam according to this comment is 60 lacs per ground. Coming to chennai, in pallikaranai a ground goes for 60-70 lacs. The overnight millionaires in chennai are those whose forefathers had land in suburbs. These guys - without job or education, just sell their land, go ahead and buy themselves a Scorpio ( they can only call it mahendra vandi ) Dinesh,

I am sure you know the geography of periyanaicken palayam - it’s a good 20 km from coimbatore in Mettupalayam road. BTW 6.25 cents = just about 1.2 grounds. 5.5 cents make one ground approx. In terms of city size, I’d say periyanaicken palayam is comparable to maraimalai nagar near chennai.
In effect, the asking price in periyanaicken palayam according to this comment is 60 lacs per ground.
Coming to chennai, in pallikaranai a ground goes for 60-70 lacs.
The overnight millionaires in chennai are those whose forefathers had land in suburbs. These guys - without job or education, just sell their land, go ahead and buy themselves a Scorpio ( they can only call it mahendra vandi )

]]> By: Dinesh http://expertdabbler.com/2011/12/10/a-comment-on-real-estate/#comment-223402 Dinesh Mon, 16 Jan 2012 22:24:09 +0000 http://expertdabbler.com/2011/12/10/a-comment-on-real-estate/#comment-223402 Really? - I understand that the bubble will burst some day. But compared to the craziness in chennai, the periyanayakampalayam prices seem to be extremely reasonable. In any case, the credit bubble is a whole another problem - but as long as the black market holds the money that it does, it makes it hard for the bubble to burst. The credit issues are being offset by black money. But, it is entirely wise to be a short term trader if you have the resources/know-how to be one! Really? - I understand that the bubble will burst some day. But compared to the craziness in chennai, the periyanayakampalayam prices seem to be extremely reasonable. In any case, the credit bubble is a whole another problem - but as long as the black market holds the money that it does, it makes it hard for the bubble to burst. The credit issues are being offset by black money. But, it is entirely wise to be a short term trader if you have the resources/know-how to be one!

]]> By: PrabuKarthik http://expertdabbler.com/2011/12/10/a-comment-on-real-estate/#comment-218541 PrabuKarthik Tue, 13 Dec 2011 03:14:42 +0000 http://expertdabbler.com/2011/12/10/a-comment-on-real-estate/#comment-218541 NV sir, There is no market which is free of greed and fear. Long before (1960s), apparently even the Indian stocks were bought merely for the dividends. Folks had no control to price the securities for primary issue, the government did the pricing. Will send you information if I come across. The only way to remove greed in real estate is to put restrictions on buying, selling activity - Reduced leverage, people cannot transfer a property within 5 years of acquiring it, etc. the Singapore government did something similar I suppose. NV sir,

There is no market which is free of greed and fear. Long before (1960s), apparently even the Indian stocks were bought merely for the dividends. Folks had no control to price the securities for primary issue, the government did the pricing. Will send you information if I come across.

The only way to remove greed in real estate is to put restrictions on buying, selling activity - Reduced leverage, people cannot transfer a property within 5 years of acquiring it, etc. the Singapore government did something similar I suppose.

]]> By: Narayanan http://expertdabbler.com/2011/12/10/a-comment-on-real-estate/#comment-218282 Narayanan Sun, 11 Dec 2011 18:00:03 +0000 http://expertdabbler.com/2011/12/10/a-comment-on-real-estate/#comment-218282 'GREED'. Once upon a time, humans bought land to construct a house and called it 'HOME'. Life was quite happy! Then came all this...and the GREED started. It continues and this is the result. Our culture says 'NO GAMBLING' and there is lot of PRIDE over it. But alas, these things are cleverly hidden ! ‘GREED’.

Once upon a time, humans bought land to construct a house and called it ‘HOME’. Life was quite happy!

Then came all this…and the GREED started. It continues and this is the result.

Our culture says ‘NO GAMBLING’ and there is lot of PRIDE over it.

But alas, these things are cleverly hidden !

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