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Dear ck.kislay,
You are subscribed to the thread "Indian Stock Advice Trading Strategies Trends Market Predictions & Regulations" by pcpune, there have been 3 post(s) to this thread, the last poster was humblefool.
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
These following posts were made to the thread:
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: humblefool
On: February 25 2018 08:33 PM
[QUOTE=Sharpj;n2583990]I do have a plot in Bangalore and yes it serves as a hedge against my other assets. My investment has remained stagnant for sometime (almost 4 years). But is there a basis for your statement. Unfortunately it is depressing to see the Garden city has turned to Garbage city.. [QUOTE=humblefool;n2583902] The long term trajectory of these assets is upwards. [/QUOTE][/QUOTE]Look, if you are using these parameters than nothing is buyable anywhere in India. May be we should relocate to New Jersey or California. My colleagues from Mumbai tell me Bangalore is some light years ahead in livability standards. Of course regular public apathy, pan beeda stains etc will apply anywhere in India.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: humblefool
On: February 25 2018 08:35 PM
[QUOTE=jaijai;n2584025][QUOTE=humblefool;n2583902][QUOTE=revhappy;n2583783]Gold continues to fall. I don't trust its ability to act as a safe haven anymore. During recent slide gold also fell inspite of rising inflation. Also gold is not protecting against rupee depreciation now, after Nirav Modi, gold has become as dirty as real estate. I am going to lighten my gold position before it slides down even more. [/QUOTE]In Bangalore, an independent 30x40 home is nothing less than 2 crores today. I've scouting around for one. Broker laugh at you when you talk of DeMo. A good flat too is now coming in to upwards of 1.5 crore. Nothing is dirty, we are people with perspectives that work only on the short span. One thing I have learned over the past few months now is to be deaf to minutiae. Have a long term perspective towards everything, even career. I don't wish to retire soon or ever. Local minimas and maximas should largely damp out themselves. The long term trajectory of these assets is upwards. [/QUOTE]which good flat? I see the resale rates of existing flats has not moved a bit in last 4 years. Societies like Prestige Shantiniketan, Adarsh Palm retreat, many projects of Sobha in Bellandur - all are stagnating for last 4 years. Can you pl share concrete example of any appreciation in last 4 years in bangalore? [/QUOTE]Most have moved up, a good luxury flat today is upwards is 1.8 crore today, even 2-3 years back one could have asked for 1.5 crore. The issue is inflation, increase in construction costs and increasing land prices. Land especially more. This isn't about land cieling act, even with one person buying one plot the population is so much that it creates shortages. Near my home in north bangalore, its more or less impossible to buy a plot for individual home at the current rates. Not at my salary atleast.
With warm regards,
Team IREF
https://www.indianrealestateforum.com/forum/city-forums/pune-real-estate/9993-indian-stock-advice-trading-strategies-trends-market-predictions-regulations
Posted by: humblefool
On: February 25 2018 08:42 PM
[QUOTE=revhappy;n2583946][QUOTE=humblefool;n2583902][QUOTE=revhappy;n2583783]Gold continues to fall. I don't trust its ability to act as a safe haven anymore. During recent slide gold also fell inspite of rising inflation. Also gold is not protecting against rupee depreciation now, after Nirav Modi, gold has become as dirty as real estate. I am going to lighten my gold position before it slides down even more. [/QUOTE]In Bangalore, an independent 30x40 home is nothing less than 2 crores today. I've scouting around for one. Broker laugh at you when you talk of DeMo. A good flat too is now coming in to upwards of 1.5 crore. Nothing is dirty, we are people with perspectives that work only on the short span. One thing I have learned over the past few months now is to be deaf to minutiae. Have a long term perspective towards everything, even career. I don't wish to retire soon or ever. Local minimas and maximas should largely damp out themselves. The long term trajectory of these assets is upwards. [/QUOTE] Maybe you are right about property prices. But still doesn't justify buying them. There is no need for me to buy property, since I am very mobile. I don't intend to stay in 1 place. During retirement, god knows where I will be and at that time Bangalore may not even be livable. There will be other cities coming up. [/QUOTE]This is and was story for all times, even in the past. I too have worked in multiple cities. And will very likely work in many in the future. But I want one home where I can live, at the end of all this. I don't want to arrive some 20 years later and discover that prices and rents have gone beyond affordable and will eat into a big chunk of my retirement corpus. May be you earn really well and are confident. But I have struggled all life and don't have a big break in my career yet. If my future turns out to be like my past, I don't wish to be screwed in old age. I save anything and every thing I can for the rainy days.
With warm regards,
Team IREF
With warm regards,
Team IREF
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