RE:middle class will be on roads
by pavan kumar on Apr 29, 2008 09:58 AM Permalink
What is the use of thinking about inflation after doing the enough damage. Allowed the most important need of housing cost to sky-rocket with less interest rates and tax exemptions. This lead to steep hike in the RENT. Most of these retailers live in rented houses. How do they make up money. Increase the prices on the retail goods...... These rates will prevail from now onwards. Only thing that can be checked by CRR hike is further damage and furtjher raise in the money..... Both young senseless high earning IT people who threw money to housing just for the heck of it are to be blamed. Always remember to pay to it's worth not to the market value... Lets sit and pray to God that your 50K salary will give you only decent accomdation and good food ....
