What goes up has to come down.The problem was most of the people who bought or booked these flats did it for speculation instead of real investment or use.Now they are facing the bear phase.
RE:Newtons law
by rajesh kannan on Dec 12, 2007 09:55 AM Permalink
what goes down will go up, same thing happnedin 2002 ,prices went down and came up again
RE:Newtons law
by Mohandaskarmchand gandhi on Dec 12, 2007 10:01 AM Permalink
Are you talking about something other than the prices.. This up&down game happens every night Mr Kannan. But onething is sure. your Loan amount will never come down.
RE:RE:RE:Newtons law
by Rahul on Dec 12, 2007 10:03 AM Permalink
I think he has got all his basics and mathematics wrong or as you says he beleives buying and selleing houses is like tomatoes and onions... I have never ever seen property prices (actual ones on the ground) come down...
RE:Newtons law
by Rahul on Dec 12, 2007 09:45 AM Permalink
The problem is it has not come down. This is just a marketing gimmick...Yeah ! if you are convinced you can go ahead and buy now a 3 bedroom flat for 80 lakhs and take a loan of 60 lakhs for whcih you pay Rs 70k pm as emi... cheers buddy
