RE:yes..
by max on Apr 28, 2008 12:15 PM Permalink
Inflation is not only within INDIA , even other coutries are going through but they dont hike intereset rates infact they are cutting down due to slow economy, In INDIA who bought house under loan are the worst effected when i too the house it was 7.5 and today its 11.75% , how much more they want to hike,
RE:yes..
by Ramesh Kumar on Apr 28, 2008 03:45 PM Permalink
Yeah typically middle class people take home loans. As usual the govt (esp. if it is headed by congress) wants to milk the middle class people to "help" poor people. The rich class don't care much because they are already rich and the middle class gets more and more impoverished. The trend is to create only two classes - rich and poor. Who will be milked after that is an open question
