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Dear ck.kislay,
You are subscribed to the thread "Real Estate Bubble Set to Burst Again in India" by MANOJa, there have been 7 post(s) to this thread, the last poster was sapvin82.
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
These following posts were made to the thread:
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: ggnhomeowner
On: July 17 2017 02:49 PM
[QUOTE=flatowner2;n2534440]10 Yrs back fresher salary in IT company was Rs 3L and now fresher is paying Rs 3L to get the Job. this tells the story of indian IT comp.[/QUOTE] Also speaks of the quality, that people are having to pay to get a job! If companies cannot hire the competent people, and instead are taking in sub standard people who are paying for the job, then such a companies are eventually going to sink.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: ggnhomeowner
On: July 17 2017 02:54 PM
[QUOTE=polo1234;n2534449] All of this goes away if you buy RTM Frankly people need to realise that buying under construction property means that you are becoming part of the financial and operational risk of the builder. Also that giving money to builder without getting the apartment immediately means you are also taking the credit risk . Subvention scheme are the worst. It's clearly a mechanism of transferring the credit risk from bank to home buyer.Builder has absolutely no incentive in completing the project in subvention scheme .. he has already got your money[/QUOTE] Finally somebody has actually put it correctly here, that subvention schemes are quite deceptive. Even though the buyer does not need to pay for some time, the rate is much higher, and the corresponding loan required is also much higher. Even though initially no payment needs to be done when the interest part is low, later on when the EMIs kick in, they are on the larger amount. So outflow is much larger for the buyer. Only advantage is that if it is subvention till possession and builder delays the project by a couple of years, then buyer does not need to keep paying. However the credit risk is still the buyers, and the part of the loan eligibility of the buyer is used up.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: TruthSeeker1
On: July 17 2017 04:37 PM
[QUOTE=rohit_warren;n2534429] YOu know what - we at finance have been using IT since days it was not even called IT - We love automated systems - At finance we have understood long ago that humans make mistakes so most of the trading has been automated long ago. Those who have read my very old posts know that I have often referred to "system" which is a simple software using some algo for buy and sell decisions. Financial matters are like surgical procedures where despite all tools available the intervention of the surgeon is required - same in finance industry - the client willing to risk his savings wants to talk to someone live not a machine. This may change in coming 20 years or so - read my presentation India 2035 written almost 10 years ago check that on slide share . com jo likha hai wo hoga - IT industry is changing and the fat pay packages are going away - IT has become more of a clerical job now and the salaries will too .[/QUOTE] while i do agree IT service wage arbitrage game is coming under sever pressure with the lakhs of engineers that are flooding the job market... High fiance is not some blessed land that has reached a permanent growth plateau.. Finance is merely a tertiary business and goes hand in hard with over all economy.. Most in finance are glorified snake oil salesmen... They sell stuff that is garbage to gullible public for a fee... the crappier product you sell the high the fee... I was shocked at the idiots that go around as financial advisers and experts who don't even take the time to understand what they are recommending/selling.... There was an undercover operation on the financial industry in Canada and it exposed how dangerous the finance people are due to their sheer stupidity... just like the unemployed tom dicks & harries in India selling LIC garbage policies... "Financial matters are like surgical procedures" Dont think so, when the herd turns so will the computers and make it lot lot worse this time its will be like a hedge hammer coming down from the sky... IMHO In the next crash many in finance will leave the industry for good...:) .. Many investors will never touch stocks ever again and trading volume will plummet and so will the commissions... With discount brokers etc entering the market the margins are already on the decline ... so make hay while the sun is shining... In this war unleashed by cheap money there will be no prisoners...
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: rohit_warren
On: July 17 2017 07:57 PM
[QUOTE=TruthSeeker1;n2535246] while i do agree IT service wage arbitrage game is coming under sever pressure with the lakhs of engineers that are flooding the job market... High fiance is not some blessed land that has reached a permanent growth plateau.. Finance is merely a tertiary business and goes hand in hard with over all economy.. Most in finance are glorified snake oil salesmen... They sell stuff that is garbage to gullible public for a fee... the crappier product you sell the high the fee... I was shocked at the idiots that go around as financial advisers and experts who don't even take the time to understand what they are recommending/selling.... There was an undercover operation on the financial industry in Canada and it exposed how dangerous the finance people are due to their sheer stupidity... just like the unemployed tom dicks & harries in India selling LIC garbage policies... "Financial matters are like surgical procedures" Dont think so, when the herd turns so will the computers and make it lot lot worse this time its will be like a hedge hammer coming down from the sky... IMHO In the next crash many in finance will leave the industry for good...:) .. Many investors will never touch stocks ever again and trading volume will plummet and so will the commissions... With discount brokers etc entering the market the margins are already on the decline ... so make hay while the sun is shining... In this war unleashed by cheap money there will be no prisoners...[/QUOTE] You are right to some extent Actually what people understand from finance has got bad names because of those insurance agents selling crap insurance . The real finance is not insurance or intraday trading in stock markets - finance is much bigger than what common man thinks it is. 130 crores people living in India the finance sector is poised for big big expansion and so will the other industries IT included - My point is very simple - the foreign business in IT is going to dry up but then there will be even higher growth in domestic IT mostly coming from IT in NON IT companies - but at the cost of salary - Again I am repeating the hay days of fat pay packages are gone - it would more comparable to normal clerical salaries than anything else but there is going to be a positive outcome of that as well - the job security - I see in next decade more secure jobs in IT but at a very low CTC - Finance on the other hand will see same frenzy of affairs as 2003-2006 IT where any tom dick harry will get hired just because he will have some diploma attached to his resume.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: TruthSeeker1
On: July 17 2017 08:51 PM
[QUOTE=rohit_warren;n2535340] You are right to some extent Actually what people understand from finance has got bad names because of those insurance agents selling crap insurance . The real finance is not insurance or intraday trading in stock markets - finance is much bigger than what common man thinks it is. 130 crores people living in India the finance sector is poised for big big expansion and so will the other industries IT included - My point is very simple - the foreign business in IT is going to dry up but then there will be even higher growth in domestic IT mostly coming from IT in NON IT companies - but at the cost of salary - Again I am repeating the hay days of fat pay packages are gone - it would more comparable to normal clerical salaries than anything else but there is going to be a positive outcome of that as well - the job security - I see in next decade more secure jobs in IT but at a very low CTC - Finance on the other hand will see same frenzy of affairs as 2003-2006 IT where any tom dick harry will get hired just because he will have some diploma attached to his resume. [/QUOTE] Just looking at Indian banking crisis... i cant think of any way fiance will take off in the near future... Stock market down turn will severely dent the banks and we might possible see massive layoffs in banking..... when i want into icici bank even the account opening/closing specialist is trying to sell me financial products when i went there to close my NRO account... lol... Banks are not making any money via their traditional business te loaning money as no one seems to be paying it back.. :) now they want to sell garbage for a fee.. ie: They showed me 6 years lock in equity investment product about 6 lakhs per year for 6 years.. for a puny bonus after i stay the full term... they tried to sell it to me like min 15% return product based on market past performance... :) when i tried to explain to them that they are not supposed to sell it like guaranteed product... they started lecturing me about what equity is how rosy our stock market is...etc... idiots Indian banks are in in big big trouble...
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: humblefool
On: July 17 2017 09:21 PM
[QUOTE=TruthSeeker1;n2535357] Just looking at Indian banking crisis... i cant think of any way fiance will take off in the near future... Stock market down turn will severely dent the banks and we might possible see massive layoffs in banking..... when i want into icici bank even the account opening/closing specialist is trying to sell me financial products when i went there to close my NRO account... lol... Banks are not making any money via their traditional business te loaning money as no one seems to be paying it back.. :) now they want to sell garbage for a fee.. ie: They showed me 6 years lock in equity investment product about 6 lakhs per year for 6 years.. for a puny bonus after i stay the full term... they tried to sell it to me like min 15% return product based on market past performance... :) when i tried to explain to them that they are not supposed to sell it like guaranteed product... they started lecturing me about what equity is how rosy our stock market is...etc... idiots Indian banks are in in big big trouble...[/QUOTE] [FONT=trebuchet ms]In developed countries stock markets are a proxy to track a country's economic progress. Which is IRA, Roth IRA and other assorted Index funds work there. In developing countries stock market and luxury flat investors are useful idiots who pay for everybody else's growth and development. Some top level people will make money in the scheme. Bulk exist to pay for growth of the economy. Nobody cares for these people. And should things turn sour, these are the first sheep to be thrown to wolves to protect the upper brass. In order to bring these bakras to pay, they have to hang a carrot in the front. In 2005, one of my friends had invested some in Birlas MF SIP scheme. By the 2008 crisis, every single rupee paid till date had gone to cover up fund losses and to pay for garden variety operation expenses. The local manger he visited explained to him how all the money had gone, all the while trying to convince him to remain invested. The most striking thing in all of this was the sheer impunity of showing all the money lost and then posing a bold face asking for more money at the same time. Next crisis will be more insane. Many people will lose entire lives savings and earning in one sweep. When these people will go crying they will loudly barked at face "[B]MUTUAL FUNDS ARE SUBJECT TO MARKET RISKS, PLEASE READ THE OFFER DOCUMENT CAREFULLY BEFORE INVESTING[/B]'[/FONT]
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/ncr-real-estate/gurgaon-real-estate/13876-real-estate-bubble-set-to-burst-again-in-india
Posted by: sapvin82
On: July 18 2017 12:21 AM
[QUOTE=humblefool;n2535372] [FONT=trebuchet ms]In developed countries stock markets are a proxy to track a country's economic progress. Which is IRA, Roth IRA and other assorted Index funds work there.[/FONT] [/QUOTE] LOL US is in technical recession and still its stock market at record high. US rt now is facing zombie pension funds, most municipalities in US are bankrupt. So much for stock market reflecting country progress [QUOTE=humblefool;n2535372] [FONT=trebuchet ms]Next crisis will be more insane. Many people will lose entire lives savings and earning in one sweep.[/FONT] [/QUOTE] Next crisis blah blah blah..:) hearing same thing for last 7 years. Here is my hypothesis.In next crisis people will become zombies these zombies will eat gold jewelry kept in a locker by the gr8 gold bugs..blah blah blah...LOL
With warm regards,
Team IREF
With warm regards,
Team IREF
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