February 2009


My attempt to arrive at objective numbers for Real estate prices in India led me to the official Ministry of Finance Index which shows prices from 2002-2007. (more…)

Sticker prices are lower but homes are much smaller with fewer amenities
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Are you planning to set up your dream home here? It’s an excellent time, because prices are down and promotions are up. But it will help to have the cash, because loans are hard to come by in this age of recession.
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The housing ministry has proposed a veritable bonanza for first-time house buyers in the low and middle income groups, suggesting tax breaks, cap on prices and freeze on interest rates.
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Office rentals declined 10-14% in Sept quarter compared to June quarter in Mumbai, NCR and Kolkata despite global slowdown.
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SC wants a change in the law that gives ownership rights to the one who has usurped a property by squatting by taking advantage of the fact that the owners were have had little time to inquire about their property.
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“We believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited”

- Ben Bernanke, May 2007

“There is a reasonable prospect that the current recession will end in 2009″

- Ben Bernanke, February 2009

The U.S. housing market slump is nowhere near over and home prices will probably keep falling well into next year, one of the property market’s best-known economists said. (more…)

I’ve started buying up junk silver on Ebay. So far, I’ve bought around $85 (face value) in junk silver, which works out to around $1020 at current silver prices. My average price is around 50 cents below spot. (more…)

The upside for gold looks to be limited and no bigger fool to sell to, time to take profits from your gold trade. Sell them NOW. Todays closing price is $953/Oz

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