Archive for February, 2008
here I go letting my need for a headline hook to get people to come to the site.I really do not believe there is a recession. Is there a problem? Yes, perhaps larger than most think. And it goes way beyond real estate. However, I think a pretty good explanation of how we got here can be learned here in this powerpoint cartoon. (more…)
The real estate development wave prevalent in the entire county has caught on Chandigarh and neighboring regions as well. Like all other north Indian cities, this city too is witnessing a surge in property rates. Urbanisation has added more population to the city and more people are settling in the city than ever before. However, there is also an increasing number of people who come here only to buy property. Today, people from all over the country are buying property in Chandigarh. There is land available and that too at throw away prices. The sub-urban areas of Punjab are becoming a haven for the neo-rich who want to buy property only from the investment point of view. (more…)
While reading a well written analysis of the “real estate bubble“, I could not help but think of the current housing recession metaphorically.First off, I believe most everything that is reported today is over hyped. It is the Achilles heal of instant information. We have not yet learned as a society to take a “chill pill” when the barrage of data floods our emails, blog readers, and news sources. (more…)
Housing market data from January show California home sales have plunged to their lowest level in more than 20 years. DataQuick Information Systems said Thursday that 19,145 homes were purchased statewide last month, a 41 percent drop from January 2007’s total and down about 25 percent from December’s sales. (more…) |