I am convinced that there is a mafia out there of loan givers, steel manufacturers, cement manufacturers, etc. who want you to buy a house. I have been talking to a couple of builders, financers, investors….and frankly not convinced that the real estate market is any where near mouth watering levels.
Same is true for equity markets, but that is a different story.
Those of you who are sick of my real estate, gold and other sob stories should read the link provided below.
CAVEAT: do not even think of doing this exercise with Mumbai or Delhi prices unless you have a cardiologist somewhere near you….
Source:Subramoney.com