Posted by: Agnibikram February 17, 2011
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Two things:
Real Estate is as big of a long-term investment as Gold.
And its not the ones who already have houses in Nepal that'd want to buy homes. We were having the same discussion over dinner a few hours ago, and I told my parents and a cousin that I didn't see a reason why the prices of land and houses wouldn't go down. That's when they told me about the events of 2049 B.S. My cousin also added: Population keeps increasing while the area of land in the Valley remains the same. How true is that? How many new families are starting every month? People move out, wish to buy homes, build it and do whatever. Hell, even 2-3 percent of foreign workers who've sought their trade in Gulf countries make enough money to ensure that they're capable of buying a house or a piece of land in Nepal.
There's no freaking way, the price of land is gonna go back to what it was 2-3 years ago. It will ultimately increase.
So again, if I were in a position where I could afford to invest money, I'd definitely buy a piece of land.
The sufferers of the recent housing crisis are not the ones who could afford to invest in real-estate, its the ones who took loans to buy lands in hopes of selling it for a much higher return in 3-6 months time.
Real Estate is as big of a long-term investment as Gold.
And its not the ones who already have houses in Nepal that'd want to buy homes. We were having the same discussion over dinner a few hours ago, and I told my parents and a cousin that I didn't see a reason why the prices of land and houses wouldn't go down. That's when they told me about the events of 2049 B.S. My cousin also added: Population keeps increasing while the area of land in the Valley remains the same. How true is that? How many new families are starting every month? People move out, wish to buy homes, build it and do whatever. Hell, even 2-3 percent of foreign workers who've sought their trade in Gulf countries make enough money to ensure that they're capable of buying a house or a piece of land in Nepal.
There's no freaking way, the price of land is gonna go back to what it was 2-3 years ago. It will ultimately increase.
So again, if I were in a position where I could afford to invest money, I'd definitely buy a piece of land.
The sufferers of the recent housing crisis are not the ones who could afford to invest in real-estate, its the ones who took loans to buy lands in hopes of selling it for a much higher return in 3-6 months time.