Real Esate - Inflation - Up Up Up
In India until recently everyone had an opinion on cricket, religion and politics. Now it is superceded by real estate and for those that have an internet connection, we have star day traders. These traders have no clue what the company does, but a good session of black jack or a game of rummy, is the order of the day. In a market that keeps going up of course winners will outnumber losers.
If you are buying a house to stay, buy with caution, if you believe this rise is going on forever, very likely you will wake up to a bad morning, and no one likes to be woken up from a good dream.
Chidabaram is one of the biggest liars this country has seen in a finance minister. Petrol prices have gone up, food prices have gone up, real estate prices have nearly tripled and our clueless finance minster says inflation is 4%. This proves the fact we are stupid people, not individually but as a society yes. It is a fact and everyone has to know that everything has become expensive even if it is as small as having chicken soup made from grandma’s chicken soup recipes.
Inflation! the biggest farce. I have been in the food industry from the day i was born. When i steped into business in 1994 the price of Maida was 420.00 per bag. The same bag is now 1250.00. Just last year the wheat cost has been 9 % lower than todays price. What exactly is the Finance minister talking about. Everything that touches a comman man has increased in excess of 8 % and he claims the inflation is 4. A big joke. Diesel - the back bone of all transport has increased dramatically. Crude seems to be rising every other day. Power charges goes through the same yearly drama and lands up increasing by 10%. Earlier the KEB was paying interest on the security deposit now it pays none. Think about anything, rents, car prices, food, potato, onion, atta just anything. you will be surprised about the quantum of increase.