Dear Frederick, You write: But what about "expat thinking"?
I had written (deleted by you): >I accept the need for any country to restrict the sale of >property to foreigners... I could go further - we have a part of the UK where UK nationals from other parts of the country are not allowed to buy for the same reasons you provide. See for example: http://www.countrylife.co.uk/property/guidesbuy/article/68122/Property-Guide -Jersey.html I also believe that property prices were very low in Goa ten or even five years ago and what we have also witnessed is the bringing into line with other parts of India - particularly when you consider that the per capita income in Goa in the highest in India. Now, suppose you tell us your views on 1. The retrospective action of the Goa Govt. in legalising the Cidade de Goa encroachment 2. The retrospective action of the Goa Government in suspending property transactions of foreigners and threatening to confiscate them. 3. The percentage of Goa property sales in recent years by a) residents of other Indian states b) NRIs, PIOs and OCIs. c) Foreign Nationals. 4. Do you believe in taking sides based on self-interest and greed or on justice and fair play? I must confess that I find Dr Colaco's emotive arguments about the price of fish difficult to stomach! Is he aware that: 1. Over 90% of the catch off the coast of Goa is exported and it is this demand that is fuelling prices. 2. If foreign tourists were responsible of the high price of fish in Goa a) the price would be very much lower in areas neighbouring Goa with supplies pouring in from there to take into account higher prices available in Goa. b) the price would drop in the low tourist season. Eddie Fernandes ============================================== -----Original Message----- From: Frederick [FN] Noronha You guys talk about "local thinking". But what about "expat thinking"? Isn't it strange that nobody sheds a single tear for the many Goans-in-Goa who can't afford to buy a home after working hard their full life here? And the expat/foreigner/non-resident buying of homes is only pushing up speculation (not need-based buying) in the unreal real estate sector. It all says something about our attitudes, values, and which side we choose to take! FN
