To all the epople who are arguing whether to buy real estate or gold:
It is true that the gold prices are going up everyday, and they will keep going up until who knows what happens. However, real estate will forever be in demand. Once the gold prices are out of the reach of even well to do people, hardly anyone will buy gold. What good is gold for, anyway. You cannot live in it, you cannot eat it, and if you go to sell it, the goldsmith will deduct several hundred rupees for "mayel" (dirt) and "tanka". Also, in this high priced gold market, I doubt if any goldsmith is selling really 18 or 22 carat gold. The ordinary person cannot determine the purity of gold and will have to believe the goldsmith. Going to sell the same gold is another story. The goldsmith tells the person that once the gold is sold, he is not responsible for the purity, and the price one gets is substantially low.
Real estate is here forever. As long as man is on this earth, he/she has to have a roof over the head. People need a home, not gold to live their lives. The economy cannot remain dormant forever. It has to improve, otherwise there will be a major revolution. People can tolerate unemployment and lack of money only for this long. Eventually economy will get better, and then the prices of real estate will start going up. There will be a big demand for houses/plots, and not many houses. So, my friends, this is the right time to buy property. Population is increasing and not decreasing and the growing population needs land and houses. The prices of property have dropped to very low levels and the owners are efusing to take more losses. There are many rich people who are grabbing land and houses at these low prices, and telling others not to buy it. They know that if people start buying property the prices will start going up and they will not be able to buy the properties at for pennies on the dollar.
Be wise and start buying property. Property is one thing people will always want. If anyone tells you that the proprty values are going to go down much further then he is in a fool's paradise.
THANKS FOR YOUR EMAIL INQUIRES ABOUT THE PRICES OF PROPERTY OF CERTAIN AREAS
PLEASE BE INFORMED THAT RIGHT NOW NO ONE IS INTEREST TO PURCHASE PROPERTY, THE RATES ARE NOT REASONABLE AND EVEN LOCATION TOO. SO BE CAREFUL AND HAVE A PATIENT TO WAIT FOR SOME TIMES LATER. IF YOU REALLY GET AN CHANCE YOU WILL FINALIZE THE DEAL OTHERWISE YOU WILL BE TRAP WITH THIS SITUATION.
NOW INTEREST RATES ARE QUITE ENOUGH TO HAVE DEPOSIT IN SAFE SIDE FOR SOME TIMES
TILL YOU WILL GET AN CHANCE PROPERTY WHICH IS VERY DIFFICULT THRO AGENTS OR BROKERS.
SORRY FOR YOUR INCONVENIENCE AND WAIT.
THANK YOU AND BEST REGDS
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