Posted by: pire February 15, 2010
Kathamandu Real Estate
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" There is no economic value what so ever on certain piece land at all beside people have bunch of multilipied money( money converted to Rs. from other currencies)and wante to go back to home country after they can no freaking longer work overseas like donkey. Value of certain realstate supposed to be based on the surrouding economic values. "


 


Kesto Manchhe needs a little bit lesson on economics. The price of a good doesn't (necessarily) depend on what crate /shelf/ house it is located at. It depends on how many people desire it, and how much money are they willing to pay for it. If rich people go to hell, if there are more people in hell than in heaven and if heaven and hell have equal areas, then a piece of land is going to be more costly in hell than in heaven, and that's the first lesson in economics (demand and supply).


3 million Nepali work abroad (besides India) and KTM is 24*24 Km in area. Guess the demand. The reality is the more Nepali people become wealthy, the higher the price will be, irrespective of the economic values created by the land. Look at gold, a piece of gold doesn't create any economic value, doesn't give a stream of income if you put it in your box, and yet its price has quadrupled over last two-three years.


So, is the price of KTM real estate real? Yes. If you have more than one house or more land than you need, try selling it, and you will get real cash and buy a chateau in Washington DC .

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