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Old November 13th, 2016, 10:16 AM
Jaggudada Jaggudada is offline
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Re: Run Black Money Run!

Everything in India, from real estate to tomatoes are priced with a lot of inflation/black money.

Say a flat that used to sell for 1 crore inflated price in Bombay, today, is only worth 60-70 lakhs. For a seller, he knows it was priced at 1 crore, how is he going to adjust to new reality? No one wants to even be thinking in his her mind that they are taking so much loss. Especially, you always sell up real estate.

After some years, everything will be re calibrated but in the mean time, we are going to go through a lot of pain. Think about all the Govt employees, their pay is in accordance with the inflation index, now you can not cut their pay because a rupee will be valued more.
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