Pl. analyse the thigs very critically. Economists are beating the bush around. real problem is artificial bubble created in real estate sector jacking prices way beyond control & public putting hard earned money in it expecting more & more rise in future & he may be left out of not having roof over his head. Due to which very amount of money has been sucked from market by realtor resulting in scarcity for other expenditures & creating viscous circle for whole of economic system. I can assure that in days to come one more recession may happen like 2000 - 2003. It is never late if Govt administration wakes up and takes necessary action to monitor the things systematically.
RE:Reality sector is creating havock
by Sathish N on Oct 03, 2007 03:35 PM Permalink
The punters jacked up the stock market and real estate. Next is gold. Gold is also already at its all time high. Common man will end up holding the bag. Government does not care about its citizens. Individual Citizens don't care about the rest as long as they are not affected. Our primary education system needs to change. Only then can atleast the next generation aspire to have a better administration.
RE:Reality sector is creating havock
by Mayank Agarwal on Oct 03, 2007 08:48 PM Permalink
Stock Market is definitely at its peak, should correct 10-15 % very soon and then reach these levels. Real Estate is not jacked up much...people have money to buy the houses and on an for most of the cities ( Cost of Land / Average Earning ) is still same. But Gold at 10000 is definitely not jacked up, forget it that it is expensive, very soon we will have a 40-50 % surge like we had in 2005.
