Why it doesn't make sense to buy a house in India

[princeofheaven]

7 minutes ago, tennisluvr said:

For those that have Black money. Doesn't make sense for salary earning coolies

most of the corrupt indian elite and politicians hoard real estate in Indian cities we are the small fish being fleeced

https://timesofindia.indiatimes.com/city/mumbai/Nine-landowners-control-a-fifth-of-Mumbais-habitable-area/articleshow/45839026.cms

[tennisluvr]

4 minutes ago, princeofheaven said:

in most of the prime areas salaried coolies cant buy unless they leverage themselves badly

It doesn't make sense for salaried coolies aka IT coolies in US to buy those over inflated shitty houses either. 

[tennisluvr]

Just now, princeofheaven said:

most of the corrupt indian elite and politicians hoard real estate in Indian cities we are the small fish being fleeced

https://timesofindia.indiatimes.com/city/mumbai/Nine-landowners-control-a-fifth-of-Mumbais-habitable-area/articleshow/45839026.cms

So makes even more sense to not buy those houses. 

[princeofheaven]

2 minutes ago, tennisluvr said:

It doesn't make sense for salaried coolies aka IT coolies in US to buy those over inflated shitty houses either. 

all this US NRI investing in real estate started with the Y2K batch with their high billings buying plots in jubilee hills/ hitech city which multiplied 10 - 20 times. Now we neither have the savings nor the plots are in our reach to speculate

[tennisluvr]

Just now, princeofheaven said:

all this US NRI investing in real estate started with the Y2K batch with their high billings buying plots in jubilee hills/ hitech city which multiplied 10 - 20 times. Now we neither have the savings nor the plots are in our reach to speculate

Yup it was a very short bubble, mostly Y2K cargo batch over inflating real estate in India so high that no one else can afford it now. 

Y2K batch luckiest batch in the universe, no tech skills, no communication skills, no email compiling skills, yet high billings, overtimes, paid accommodation and rental cars, plus easy citizenships and mestri dhandhas. 

[princeofheaven]

5 minutes ago, tennisluvr said:

Yup it was a very short bubble, mostly Y2K cargo batch over inflating real estate in India so high that no one else can afford it now. 

Y2K batch luckiest batch in the universe, no tech skills, no communication skills, no email compiling skills, yet high billings, overtimes, paid accommodation and rental cars, plus easy citizenships and mestri dhandhas. 

ameerpet 2 america

[tennisluvr]

1 minute ago, princeofheaven said:

ameerpet 2 america

[MRI]

1 hour ago, tennisluvr said:

Okka mukkalo: 

Don't buy a house in India. Better yet, buy a house in a heavy tourist area in the US or wherever you live and rent it out on AirBnb. 

and install a spy camera too.. i know dark joke..  

http://fox59.com/2017/10/10/couple-discovers-hidden-camera-in-bedroom-of-airbnb/

 

[thooch]

Airbnb kakunda US lo renting meeda oche income meeda tax entha untadi? 

Is it really worth? 

[barney]

emo 2 yrs lo nee house value baga perigi like 50 % and ammeste u may make money 

[BaabuBangaram]

india lo yevarithe 5 yers back enough savings tho konnaro or individual house kattukunnaro vallu baaga manchi pani chesinattu...

[TampaChinnodu]

14 hours ago, princeofheaven said:

all this US NRI investing in real estate started with the Y2K batch with their high billings buying plots in jubilee hills/ hitech city which multiplied 10 - 20 times. Now we neither have the savings nor the plots are in our reach to speculate

GP. Appatilo billing rates almost same as now. But Real Estate rates were lot lot cheaper. Maa relative okadiki 250 crores worth real estate vundi ala. late 90's lo vachadu USA ki. vachindi vachinattu income motham India lo realestate meeda pettadu. side lo mesthri shop kooda vunde.

ippudu manam konali antey okka chinna plot kooda raadu entha save sesina.

[ve_ndor_bad_cows]

Full down--Better to buy without Loan

okavela loan tisukunna try to clear in 3-4yrs-- 15years is just too much interest.

paina two cheyaleni vaalu better off not buying anything in india

[argadorn]

15 hours ago, Batman_fan said:

Here is how my friend did it. He lives in NJ close to NYC which means there is high demand for people looking for temporary accommodation. So he bought a house, which is bit on higher end but is multi-family home. He gave 1 st floor to one family and he kept 2nd floor to himself. Most people stop here. But this guy didn't.

Out of the 3 bedrooms, he is renting out 2 bedrooms through Airbnb. Basically, his contribution is zero for mortgage. Everything comes from tenants. All this is maintained by his wife who is on h4 EAD. If we do enough research and find the location, not that hard to find property that breaks even the mortgage from the rent of tenants. 

me friend ki cheppu ..ademi life ra needhi ..thu ani ummu vayya... atleast varey illu koni vallaki rent evvu anu...ah lathkor pani ni entho uthamaina pani laga undhi ...

[ve_ndor_bad_cows]

16 minutes ago, argadorn said:

me friend ki cheppu ..ademi life ra needhi ..thu ani ummu vayya... atleast varey illu koni vallaki rent evvu anu...ah lathkor pani ni entho uthamaina pani laga undhi ...

Piyyi meeda rupaayi padda yerukune rakam