sep 15th, 2008
there is likely to be a real estate bubble in india too, but a lot of the money in circulation is either black or counterfeit (thank you, pakistani mint) so unless there's demonetization (ie. you have to show the source of your notes before you can exchange them for new ones) as well, real estate prices will not fall below a certain level.
there is likely to be a real estate bubble in india too, but a lot of the money in circulation is either black or counterfeit (thank you, pakistani mint) so unless there's demonetization (ie. you have to show the source of your notes before you can exchange them for new ones) as well, real estate prices will not fall below a certain level.
---------- Forwarded message ----------
From: Sanjeev
From: Sanjeev
Hi Rajeev
came across this : probably you would like to put this on your blog.
thanks
Sanjeev
source : http://www.equitymaster.com/tm.asp
China's real estate woes
China has joined the countries plagued by a real estate slump. Sellers are cutting prices to accommodate the falling numbers of buyers across China, especially in the Southeastern region where the price decline is to the tune of 10% to 40%. There is a lesser price decline in the other regions, but volumes have gone down by as much as 66%. Economists now fear a broader deceleration in China's growth rate, although it is still likely to be much higher than rest of the world. However, the real estate trouble in unlikely to translate into a banking crisis because most Chinese pay for homes in cash and Chinese banks require a 30% downpayment on mortgages.
China has joined the countries plagued by a real estate slump. Sellers are cutting prices to accommodate the falling numbers of buyers across China, especially in the Southeastern region where the price decline is to the tune of 10% to 40%. There is a lesser price decline in the other regions, but volumes have gone down by as much as 66%. Economists now fear a broader deceleration in China's growth rate, although it is still likely to be much higher than rest of the world. However, the real estate trouble in unlikely to translate into a banking crisis because most Chinese pay for homes in cash and Chinese banks require a 30% downpayment on mortgages.
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