I complete agree with Mr Anuj. A bubble doesnt last for 2 years. Those who think it is a bubble are only waiting for prices to come down one fine day. But the reality is something different guys. Its true that a 2 BHK is now out of reach of commom man as the term "flat" has now been put in the category of Luxury.
RE:its not a bubble
by Sanjeev Sharma on Jun 18, 2007 08:32 PM Permalink
A bubble can last for more than 2 years. Don't believe me...see around the world. It is the excess supply of money that is sustaining it.
RE:its not a bubble
by cool on Jun 18, 2007 08:46 PM Permalink
Ok lets agree a bubble would last for more than 2 years but you still cant expect prices to come down by 60%, or do you? So in this case prices have risen by more than 100% and it may come down by 30%, net effect is prices have risen by 70%. I suppose you may agree with me or you may post your opinion as well.
