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  #1  
Old January 13th, 2011, 11:15 PM
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Question What is in store for 2011?

Look at the following four headlines and then think what lays ahead of us in 2011?


World 'unable to handle any future shocks'

Banks repossess 1 million USA homes in 2010

Jobless claims jump, food costs surge

China's military mocks U.S. defense chief with new stealth fighter

EYES ON OPEC AS OIL NEARS $100
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  #2  
Old January 13th, 2011, 11:44 PM
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Re: What is in store for 2011?

Will this affect property rates in India ?
What are the chance of property price coming down in India ?
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Originally Posted by echarcha View Post
Look at the following four headlines and then think what lays ahead of us in 2011?



Banks repossess 1 million USA homes in 2010

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Old January 14th, 2011, 04:05 AM
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Re: What is in store for 2011?

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Originally Posted by swami View Post
Will this affect property rates in India ?
What are the chance of property price coming down in India ?
probably little. the scene in pune is that the big builders have almost complete control over the market. These big builders can afford to wait interminably until people who are ready to pay the rates they demand come forward.... until this strangle hold is loosened/removed property rates will have only a little to do with international market and other factors.
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Old January 14th, 2011, 08:18 AM
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Re: What is in store for 2011?

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probably little. the scene in pune is that the big builders have almost complete control over the market. These big builders can afford to wait interminably until people who are ready to pay the rates they demand come forward.... until this strangle hold is loosened/removed property rates will have only a little to do with international market and other factors.
no that would not be possible ... there has to be continuous money supply for these builders to stay afloat ...
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Old January 14th, 2011, 08:27 AM
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Re: What is in store for 2011?

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Originally Posted by landyaBhai View Post
no that would not be possible ... there has to be continuous money supply for these builders to stay afloat ...
these are the builders who have earned 1000% returns on their projects in the past 5-7 years. These people have bought land 10-12 years ago (in some cases have owned the lands for generations) for peanuts have build massive societies. Where they invested 1 lakh, they have already reaped returns of 1 crore. These people dont need money supply - not in the immediate present/future!
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Old January 14th, 2011, 08:30 AM
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Re: What is in store for 2011?

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Originally Posted by kkkk View Post
these are the builders who have earned 1000% returns on their projects in the past 5-7 years. These people have bought land 10-12 years ago (in some cases have owned the lands for generations) for peanuts have build massive societies. Where they invested 1 lakh, they have already reaped returns of 1 crore. These people dont need money supply - not in the immediate present/future!
largely true. if the builders control their greed, they can wait their whole lifetime, such huge money has already been made. but prices are driven by needs, demand, supply as well as greed.
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Old January 14th, 2011, 09:04 AM
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Re: What is in store for 2011?

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Originally Posted by PeaceSeeker View Post
largely true. if the builders control their greed, they can wait their whole lifetime, such huge money has already been made. but prices are driven by needs, demand, supply as well as greed.
in the last 5 years this has become very very complicated. On the one hand we have people living in India who genuinely need houses and are on the lookout to buy flats, then there are localy resident affluential people who want to buy one flat after another given the appreciation, and then there are the worst ones, who live in countries with favourable exchange rates with India working for foreign companies who suddenly have 20-30k$ in their hands as bonus, not knowing what to do with in, trying to invest in India. The last ones are favourite customers of builders.
All three categories together skew the demand statistics. over the years, where the ones who genuinely need flats to live in have been outpriced by the last ones. On the other hand there are still some people in the last category (or like the ones you had indicated - IT people, invested in land 10 years ago now worth a million dollars) or even in the second category who have kept the demand running. So although the demand is not full steam, the suppliers ability to hold their financial forts means that greed is the only factor controlling the prices.
you will find several buildings in India constructed in the last two years, not having sold all the flats in them but the prices still not coming down. This is certainly the case in the first, second and third tier cities.
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Old January 14th, 2011, 09:20 AM
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Re: What is in store for 2011?

Quote:
Originally Posted by echarcha View Post
What is in store for 2011?

Let's see:
Ipad 2.0
Iphone 4s
PS4
IPL4: not same w/o modi
India losing yet another World Cup
Julian Assange will be shot dead
a karan johar movie: anothr flop
yet another coup in pakistan
at least 3 multicrore scams in India
Anil Ambani's billion dollar home
One prominent indian politician wll pass away due to old age.
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Old January 14th, 2011, 11:37 AM
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Re: What is in store for 2011?

In USA, at least the government won't be doing much to upset the applecart..

Quote:
Fed's Rosengren: Not yet time to reverse stimulus

On Friday January 14, 2011, 1:23 pm EST
MASHANTUCKET, Conn (Reuters) - The U.S. economy needs a far better footing before the Federal Reserve reverses its current policy, and even more stimulus may be needed if the housing market hampers the rebound, a top Fed official said on Friday.

Boston Federal Reserve Bank President Eric Rosengren, in his first speech of the year, again endorsed the U.S. central bank's massive bond-buying program as a way to boost a recovery that until only recently looked "anemic."

"There will be a time when these aggressive actions need to be reversed, but first we need to get the economy on a much more solid footing," Rosengren, who this year rotated out of a voting slot on the Fed's policy-setting panel, said in prepared remarks.

"Even with a relatively robust recovery, it will take several years before we attain full employment and an inflation rate close to a long-run expectation of 2 percent."

Core inflation is now running at about 1 percent, down from 2.5 percent before the recession triggered by the financial crisis. Meanwhile, unemployment is at a still-high 9.4 percent.

The Fed embarked on the $600 billion round of Treasury securities purchases in November, an unprecedented move that garnered much criticism from those worried it would eventually spark a sharp run-up in inflation.

Rosengren said the Fed had the tools and commitment needed to address any long-term inflationary pressures, adding he expects core inflation to remain below 2 percent over the next four years.

He also predicted GDP growth of 3.5 percent to 4.0 percent over 2011, noting that, over the past several weeks, "we have been getting economic data consistent with a somewhat happier new year."

Rosengren, seen as well to the "dovish" end of the Fed's policymakers' spectrum, said housing was a key in deciding when the Fed would begin to reverse its stimulus plan.

"If housing-related growth is not going to boost the recovery this time around, we may need policy -- particularly monetary policy -- to continue playing a stimulative role," he said, adding housing was unlikely to provide as much support as in previous rebounds.

With rates near zero for more than two years, the Fed launched a "quantitative easing" program of asset purchases, meant to kick-start lending. The latest, $600-billion round of easing is known as QE2.
(Reporting by Jonathan Spicer, Editing by Chizu Nomiyama)
http://finance.yahoo.com/news/Feds-R...&asset=&ccode=
Rates near zero !!!!!!!!

In India the bank rates have been hiked steadily to an extent that housing loan now costs about 10% pa. And it seems that another rate hike is expected in Q1 2011
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Last edited by raniraja; January 14th, 2011 at 11:38 AM. Reason: linkwa
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  #10  
Old January 14th, 2011, 09:04 PM
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Re: What is in store for 2011?

I am no economist, but looking at the way things are, there might be a bubble bust in Indian economy like the tech sector. Currently Thailand has overtaken India in call center jobs. IT services are becoming more expensive due to the fact that IT professionals expect regular pay hikes year over year. Please note that a pay hike is different than a pay adjustment where you are given a meagre 1 or 2 percent raise to adjust with inflationary rates and overall salary adjustment as per prevailing market rates. How long can this continue? In the US, you dont get pay hikes every year. The company might give a slightly higher bonus or a few more stock options. Typically 2 years is the cycle after which you can expect to get a raise. And if you dont, then there is always monster.com
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Old January 16th, 2011, 10:31 PM
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Wink Re: What is in store for 2011?

One more headline ... Now think think .... We can come back to Congress and BJP later ... but think think ...

Hu Highlights Need for U.S.-China Cooperation, Questions Dollar
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