--- velho <[EMAIL PROTECTED]> wrote: > > To give you an example of this, a friend of mine > bought a flat in Mumbai for about Rs. 1.5 crores, > he rents it out for about Rs. 1.5 lakh a month. For > a penthouse close to your residence in Miramar that > costs almost Rs. 1.5 crores, you will not find > anyone to rent it even for Rs. 30,000. > Mario asks: > Nothing along Miramar is selling for Rs 1.5 crore so your numbers are bogus. Besides most of the people along Miramar are not buying to rent. They are looking at waterfront real estate prices in Goa relative to comparable properties around the world. > Velho writes: > > Hence you will be proved an IDIOT in any one of the > following ways: > 1. When the BUBBLE bursts. > 2. When Rane and Co. take over your properties. > 3. Now at the height of the real estate boom it is > very difficult to sell > your property because, all the registrations of sale > deeds(of foreign > nationals) have been put on hold. > 4. When Mopa comes up and the rest of the Konkan > coast starts > developing(This is a smart investment right now!) > > Mario, as a man who is interested in economics you > should know that residential real estate is a good > investment when local DEMAND drives the prices up > (since that type of demand always shows > predictable behavior). > Mario responds: > "When", "when", "If", "when". > Your analysis is peppered with "when's" and "IF's" that are just as likely to be false as true. > All you have regurgitated is rank speculation with no regard to the fundamentals of overall supply and demand. In the meantime the prices continue to rise. > Local demand means nothing in the growing global economy, where I can look at alternate uses of my funds anywhere in the world. > Your worm's eye view doesn't seem to grasp that. >
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