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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 9 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: Sharpj
On: February 26 2018 11:49 AM
Hmm.. 20 years later if you want to come back and if you have done well and planned your retirement, you should be able to afford a house easily.. I don't see Bangalore RE beating inflation and running away beyond means.. It has been more or less stagnant See the predicament is dude is when you are away for such a long time.. you never know where you will go to.. In all probabilities if you have stayed in a place for 10 years or more that is home.. if the facilities are decent.. If you have some one from Hyderabad/Kolkotta/Chennai staying in Bangalore for 10 years, he treats Bangalore as home.. similar corollary works.. for other cities too.. RE as a place to stay has to be there and should be part of your retirement planning whether it is in your village or in the place you work whatever you can afford and is not exactly a investment.. There are other modes which are better investments than RE. [QUOTE=humblefool;n2584741] 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. [/QUOTE]
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 26 2018 12:20 PM
[QUOTE=Sharpj;n2584841]Hmm.. 20 years later if you want to come back and if you have done well and planned your retirement, you should be able to afford a house easily.. I don't see Bangalore RE beating inflation and running away beyond means.. It has been more or less stagnant See the predicament is dude is when you are away for such a long time.. you never know where you will go to.. In all probabilities if you have stayed in a place for 10 years or more that is home.. if the facilities are decent.. If you have some one from Hyderabad/Kolkotta/Chennai staying in Bangalore for 10 years, he treats Bangalore as home.. similar corollary works.. for other cities too.. RE as a place to stay has to be there and should be part of your retirement planning whether it is in your village or in the place you work whatever you can afford and is not exactly a investment.. There are other modes which are better investments than RE. [QUOTE=humblefool;n2584741] 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. [/QUOTE] [/QUOTE]Sure, this makes sense to you. This is what you should do. The home my dad bought in 2002, in then outskirts Bangalore, now costs 15x today. There is no way he would have been able to afford it now. Let alone being able to afford buying the home, we wouldn't be able to afford the rents in our area. Also home sizes have shrunk even for renting. Its not like you get spacious homes you would get in the 90s. I don't know about other people income sources. Im a salaried man, and I don't see mass swing of money coming to me with age. I also don't have any high connections up management at office, and I don't lick my boss's boots. So literally I have to just make it up on brute force work. Everybody's situation is different. Either way if you have crores in savings, you don't even have to worry about these things. It also depends on family situation. I come from relatively poor financial background. Some other well off colleagues at offfice, whose dad's were bank managers and had desk jobs in a generation back itself, don't even understand my issues due to inheritance intertia those families have. Either way, if you are in a situation where you can wait for 20 YEARS and yet be able to [b]easily[/b] afford a home anywhere in Bangalore, I have to assume you have to be insanely rich beyond belief. Most of things may not even apply to you. Only today I was talking to the office cab driver, he apparently routinely misses his son's school fees to pay car EMI. So everybody's orbit is in their own universe. Having the luxury to not worry about real estate is luxury of riches of the rich in India. Leave these small battles for us poor to win. You have that those double digit crore cushions anyway.
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: Carefree
On: February 26 2018 02:08 PM
Hey Bagwan , what else I have to read in this life .... :( http://bangaloremirror.indiatimes.com/bangalore/others/the-young-buffets-of-bengaluru/articleshow/63069831.cms
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: Sharpj
On: February 26 2018 03:00 PM
That is where you are making a mistake buddy.. If your dad had invested the same amount in Sundaram Midcap Mutual fund dividend option during that time it would have multiplies 22x today plus the monthly dividend you would have earned.. Please look up any site and you will get the NAV. That is the beauty of the financial asset. Not blaming your dad. Probably your dad did not have the information at that point of time and he invested in land..He invested which is good.. but that does not mean you have to do the same thing today. You have the information, so much of it, so make the wise and informed step. If history has to guide you, don't just judge it by the prism of RE only.. Look at value your investment will give you. and if your outlook is long.. then there are better investments then RE. Why should the cabbie miss the school fees to pay EMI.. the statement is so wrong.. Why should he stretch so much to own RE.. That explains the problem of today.. the obsession with RE.. [QUOTE=humblefool;n2584853]Sure, this makes sense to you. This is what you should do. The home my dad bought in 2002, in then outskirts Bangalore, now costs 15x today. There is no way he would have been able to afford it now. Let alone being able to afford buying the home, we wouldn't be able to afford the rents in our area. Also home sizes have shrunk even for renting. Its not like you get spacious homes you would get in the 90s. I don't know about other people income sources. Im a salaried man, and I don't see mass swing of money coming to me with age. I also don't have any high connections up management at office, and I don't lick my boss's boots. So literally I have to just make it up on brute force work. Everybody's situation is different. Either way if you have crores in savings, you don't even have to worry about these things. It also depends on family situation. I come from relatively poor financial background. Some other well off colleagues at offfice, whose dad's were bank managers and had desk jobs in a generation back itself, don't even understand my issues due to inheritance intertia those families have. Either way, if you are in a situation where you can wait for 20 YEARS and yet be able to [b]easily[/b] afford a home anywhere in Bangalore, I have to assume you have to be insanely rich beyond belief. Most of things may not even apply to you. Only today I was talking to the office cab driver, he apparently routinely misses his son's school fees to pay car EMI. So everybody's orbit is in their own universe. Having the luxury to not worry about real estate is luxury of riches of the rich in India. Leave these small battles for us poor to win. You have that those double digit crore cushions anyway. [/QUOTE]
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 26 2018 04:07 PM
[QUOTE=Sharpj;n2584892]That is where you are making a mistake buddy.. If your dad had invested the same amount in Sundaram Midcap Mutual fund dividend option during that time it would have multiplies 22x today plus the monthly dividend you would have earned.. Please look up any site and you will get the NAV. That is the beauty of the financial asset. Not blaming your dad. Probably your dad did not have the information at that point of time and he invested in land..He invested which is good.. but that does not mean you have to do the same thing today. You have the information, so much of it, so make the wise and informed step. If history has to guide you, don't just judge it by the prism of RE only.. Look at value your investment will give you. and if your outlook is long.. then there are better investments then RE. Why should the cabbie miss the school fees to pay EMI.. the statement is so wrong.. Why should he stretch so much to own RE.. That explains the problem of today.. the obsession with RE.. [QUOTE=humblefool;n2584853]Sure, this makes sense to you. This is what you should do. The home my dad bought in 2002, in then outskirts Bangalore, now costs 15x today. There is no way he would have been able to afford it now. Let alone being able to afford buying the home, we wouldn't be able to afford the rents in our area. Also home sizes have shrunk even for renting. Its not like you get spacious homes you would get in the 90s. I don't know about other people income sources. Im a salaried man, and I don't see mass swing of money coming to me with age. I also don't have any high connections up management at office, and I don't lick my boss's boots. So literally I have to just make it up on brute force work. Everybody's situation is different. Either way if you have crores in savings, you don't even have to worry about these things. It also depends on family situation. I come from relatively poor financial background. Some other well off colleagues at offfice, whose dad's were bank managers and had desk jobs in a generation back itself, don't even understand my issues due to inheritance intertia those families have. Either way, if you are in a situation where you can wait for 20 YEARS and yet be able to [b]easily[/b] afford a home anywhere in Bangalore, I have to assume you have to be insanely rich beyond belief. Most of things may not even apply to you. Only today I was talking to the office cab driver, he apparently routinely misses his son's school fees to pay car EMI. So everybody's orbit is in their own universe. Having the luxury to not worry about real estate is luxury of riches of the rich in India. Leave these small battles for us poor to win. You have that those double digit crore cushions anyway. [/QUOTE] [/QUOTE]Not every one had continous source of income to indulge in SIPs. Desk jobs were a massive luxury in the pre-2000s era. Let alone that, for many people of my Dad's background merely making a shift from villages to cities was a huge paradigm shift. And education was minimal. If some one had the luxury of SIPs back in 2001/2002 I would classify as the top notch part of high income class. These people don't have to worry about anything. Now for a person who doesn't even this stead income luxury, You are expecting, they spend 20x more on a home by waiting on a easy to take opportunity right in front of them years back. Now this person has to not only throw away the opportunity, he has to suffer high rents and impossible home owner problems, while this could have only been solved by making an more earlier. Also stock etc are for risk averse people, who have some fall back income or a mass inheritance stash somewhere. Even today for most people with meager chances of social security, sorry for using this crude word 'no male children', you are far off better with this RE game. In case there is a major crash of stock market of any kind, you be spending time in your post-60s at the puncture shop struggling to put food on the table. Thanks, but no thanks. Some risks are just not worth taking, in absence of a back up.
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: jaijai
On: February 26 2018 06:30 PM
[QUOTE=humblefool;n2584739][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. [/QUOTE] Appreciate a specific example rather than sweeping statement. Which project flat costs 1.8 cr now that was available 1.5cr 2-3 years ago?
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: hitmady
On: February 26 2018 06:32 PM
[QUOTE=humblefool;n2584853] Even today for most people with meager chances of social security, sorry for using this crude word 'no male children', you are far off better with this RE game. In case there is a major crash of stock market of any kind, you be spending time in your post-60s at the puncture shop struggling to put food on the table. Thanks, but no thanks. Some risks are just not worth taking, in absence of a back up. [/QUOTE] One can recall the impact of 2009 stock-market crash on RE, jobs etc. In that situation, one could sell stocks in piece-meal way to take-care of monthly home-expenses. Not sure what one could do with high-EMI RE without job. We hear stories of big-builders whose RE bets went wrong, neither could deliver nor pay creditors, staffs' salaries.
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 26 2018 08:11 PM
[QUOTE=jaijai;n2584958][QUOTE=humblefool;n2584739][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. [/QUOTE] Appreciate a specific example rather than sweeping statement. Which project flat costs 1.8 cr now that was available 1.5cr 2-3 years ago? [/QUOTE]Prestige Misty waters in Hebbal, Sobha City in Thanisandra. Talked to them and 1.8 cr is the starting price I have recieved. The best bargain you can have is 1.75 cr. You will get something for 1 cr in Prestige tranquility in Budigere cross, but that's quite far. For businessmen, policemen, government employees etc, these prices are easily affordable. Recently in some telugu newspaper there was sub-registrar arrested for having properties to the tune of 300 crores. Businessmen pay 0 taxes, so their affordability factor goes up by 33% by default. Also for start ups with funding, its free money from VC so they spend too.
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 26 2018 08:15 PM
[QUOTE=hitmady;n2584961][QUOTE=humblefool;n2584853] Even today for most people with meager chances of social security, sorry for using this crude word 'no male children', you are far off better with this RE game. In case there is a major crash of stock market of any kind, you be spending time in your post-60s at the puncture shop struggling to put food on the table. Thanks, but no thanks. Some risks are just not worth taking, in absence of a back up. [/QUOTE] One can recall the impact of 2009 stock-market crash on RE, jobs etc. In that situation, one could sell stocks in piece-meal way to take-care of monthly home-expenses. Not sure what one could do with high-EMI RE without job. We hear stories of big-builders whose RE bets went wrong, neither could deliver nor pay creditors, staffs' salaries. [/QUOTE]This talk looks fine while in 20s and 30s, while you have age and energy to recover. In 50s and 60s if the market crashes you can lose your sanity rather too quickly. You can say market will recover, but with you in old age with no cover, have to sit and cry in front of a terminal waiting for prices to stabilize, if they don't with some major responsibilities starting in your face your story will be totally over. What then? that is too major a risk to take.
With warm regards,
Team IREF
With warm regards,
Team IREF
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