--- velho <[EMAIL PROTECTED]> wrote: > > The point I was making was from an investment > perspective, for a foreign national with no roots > in Goa. As is your habit, you have completely > misinterpreted the post and have taken it as a > personal insult. > Mario responds: > Not true. No personal insult taken. Please stick to your facts and opinions. Verbal histrionics and gratuitous impressions are like pouring water on a duck's back with me:-)) > Velho writes: > > Unfortunately it will be impossible for me to > continue this discussion since your understanding > of economics and investing seems to be limited to > supply and demand, which you keep repeating > montonously. It is quite obvious that you have not > read the forecasts for real esate in India from > HDFC and other Indian investors with far more > knowledge than your "NEVER HUMBLE" opinion. > Mario responds: > a) It may be just as well until you learn that prices are all about supply and demand and nothing else. You may be getting confused by factors you think may interfere with supply and demand. > a) I watch what investors are DOING, rather than what some analyst who has no personal stake is SAYING. > b) Those investors who believe as you do will not invest in Goa, which is their right. > Velho writes: > > In the world of economics according to Mario, do > economic cycles exist?? > Mario responds: > Absolutely. > Velho writes: > > Does there exist a field called economic > forecasting?? > Mario responds: > Absolutely. However, there are "forecasters" who have no personal stake in their forecasts and there are "investors" who actually put REAL money behind their convictions. I ignore the former and watch the latter. > Velho writes: > > The numbers though approximated are not bogus. The > prices on that waterfront for sea facing views are > between Rs 40,000-50,000 per sq metre which is > very close to the price of real esate in suburbs of > Mumbai such as Bandra and Santacruz. > Mario responds: > a) While your rate per sq. meter is accurate, your calculations are bogus. Other than Babush's new palace across the road from Shalom and the two waterfront penthouse suites in Shalom itself, almost all the properties along Miramar Beach are condos that are no larger than 150 sq. meters. The two condos in Shalom, which are about 300 sq. meters sold for Rs. 1 crore each a little over a year ago. Do the math - even at the rates you cite, and see if you come up to Rs. 1.5 crores. > b) Very few of the owners of these waterfront condos are local Goans. Many are from other parts of India who have realized the incredible values available in Goa. > b) For the NRI's that are driving some of the demand buying a condo at Miramar is an alternative to buying a condo in Florida or the Carribean or some other central or south American tropical location, where the prices are often several multiples of the prices in Goa, even at the rates you quote, which are accurate. > c) It is an exception rather than the rule for buyers in this area to rent their properties. >
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