Posted by: Agnibikram March 15, 2011
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Because 3 years is just a projection. Things might change in 12 months time. If you're from Kathmandu, I bet you heard how prices changed overnight about 3 years ago. It changed a bit 6 months later ( from that time ).
Like I aforementioned, my parents tell me things were like this back in 2050 BS too but the housing market rebounded just couple years later.
Right now, the people who're struggling at this very moment are people who sought bank loans to finance their purchases. Now that I'm inside a leading bank itself, I can confidently see what and how much people've borrowed and what you get to see will leave you completely shocked.
As the market is down, buyers ( who can afford ) are still skeptical to purchase, as they think the market will continue going downhill but since the govt. has formulated a new policy, people will need to show their cash. And this in turn is highly likely to help housing market rebound.
Like I aforementioned, my parents tell me things were like this back in 2050 BS too but the housing market rebounded just couple years later.
Right now, the people who're struggling at this very moment are people who sought bank loans to finance their purchases. Now that I'm inside a leading bank itself, I can confidently see what and how much people've borrowed and what you get to see will leave you completely shocked.
As the market is down, buyers ( who can afford ) are still skeptical to purchase, as they think the market will continue going downhill but since the govt. has formulated a new policy, people will need to show their cash. And this in turn is highly likely to help housing market rebound.