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Are real estate prices going through the roof? email this discussion to a friend?

myLot reputation of 76/100. satkumar077 (159)   ranked 704 out of 4,883 in debating2 years ago

Have you ever felt too ambitous in your life, or very cautious in your investments,even discussing in mylot to make that extra buck? . Are you sometimes guilty about it?. If so, don't be because everyone is . Whatever we make, our mortgage payments seem to gulp it with little mercy .Our real estate prices are definetly gone not through the roof but the sky .It has definetly dented the finances of our middle class families whose dream is to own a home . There is a strain on relationships because of the commitments faced by them .Especially in the developing world the scramble for space is getting tougher . Real estate values in mumbai are on par with that of Beverly hills in L.A .It is a boon to the economy and a bane for the masses .A Real estate developer in India called D.L.F has the biggest market capitisation in the world in this sector, relatively unknown in India a decade earlier ( just for facts ) .
Please give your take on this situation .



with regards
www.chocolatesavy.com

 
 
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tags:  real estate, high, boon, costlier, down
 
1. myLot reputation of 98/100. moolahmagnet (2242)   2 years ago

I was just at Vegas a month ago to visit a friend of mine who owns a real estate company and made hefty sum the past years and told me that nowadays, nobody seem to buy or spend on properties as the houses cost too much and interest rates are high. I reckon it is the same in most countries in the world, that people find it difficult to own their own dwelling or pay up their mortgages.

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