Kannu
Real estate is a horrible industry to be in. Supply is constrained. Governments take an unhealthy interest in it. People need housing. It's a strange place.
So remember you will always need a place to live. Get an average house. Pay it off as soon as you can like we did. And invest in other industries which are more productive.
Love
Baba
Decoding the great Indian real estate ponzi scheme - Firstpost
http://www.firstpost.com/economy/decoding-the-great-indian-real-estate-ponzi-scheme-804277.html
A headline can sometimes tell you the complete story. The May 20, 2013, Hindi edition of the Business Standard had one such headline. “Intehan ho gayi intezar ki, aayi na kuch khabar ghar bar ki (Its been a long time waiting, and there is still no news of the house),” went the headline.
The headline was a play on the hit Amitabh Bachchan-Kishore Kumar song “Intehan ho gayi intezar ki, aayi na kuch khabar mere yaar ki (Its been a long time waiting, and there is still no news of my love) ,” from the movie Sharabi.
The story which appeared in the English edition of Business Standard as well with a rather drab headline ‘Supply blues persist in realty sector’, basically made two points:
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