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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 2 post(s) to this thread, the last poster was revhappy.
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: TruthSeeker1
On: September 18 2018 10:05 AM
* [url="https://www.indianrealestateforum.com/member/186616-Dkumar12"][b]Dkumar12[/b][/url] [b]"Chinese money is pumping almost all country's property market. I went to Sydney and I heard the same there. I hope property prices cool down by the time I move there. Will plan to buy as early as possible as rent is also very high there."[/b] i would be very surprised if australia does not fall into its worst recession with in the next 2-3 years ... it would be due to its citizens drowing in debt egged on by their stupid central bank... i see every where they blame chinese money but its not the case its their own banks lending to their own peopel that has propped up the prices along with lax immigration, favourable taxation like negetive gearing to keep the housing boom going are to blame... their banks being over exposed to housing .I think about 55-65% credit out standing is towards mortgages... massive RE bust similar to subprime bust in USA is ineveitable for Australia...
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: revhappy
On: September 18 2018 01:07 PM
[QUOTE=TruthSeeker1;n2623868]* [url="https://www.indianrealestateforum.com/member/186616-Dkumar12"][b]Dkumar12[/b][/url] [b]"Chinese money is pumping almost all country's property market. I went to Sydney and I heard the same there. I hope property prices cool down by the time I move there. Will plan to buy as early as possible as rent is also very high there."[/b] i would be very surprised if australia does not fall into its worst recession with in the next 2-3 years ... it would be due to its citizens drowing in debt egged on by their stupid central bank... i see every where they blame chinese money but its not the case its their own banks lending to their own peopel that has propped up the prices along with lax immigration, favourable taxation like negetive gearing to keep the housing boom going are to blame... their banks being over exposed to housing .I think about 55-65% credit out standing is towards mortgages... massive RE bust similar to subprime bust in USA is ineveitable for Australia... [/QUOTE]Recession can happen, it is a normal adjustment process after 27 years of no recession in Australia. Nothing to worry about. You are an alarmist. Just like 2008 financial crisis was averted, this one will also be averted. Now central banks have better tools than before. Janet Yellen herself said, we won't see a recession in our generation. So I won't be as worried and alarmist as you.
With warm regards,
Team IREF
With warm regards,
Team IREF
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