Posted by: ashishme December 27, 2012
Real Estate Bubble
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you may have read about the couple of so-called "tycoons" unable to pay their loans and several others actually on the run because they were not getting their return on their investment in the real estate sector......this is just the beginning....already, the price of land has gone down by as much as 30-40% in Kathmandu.....it would have gone down even lower but there is no buyer willing to purchase even in that rate.......still, the price will decrease eve futher....and this will cause a dominos effect which will impact almost all sectors of the economy.......hundreds of thousands will lose jobs, many others will have to live on the streets........this is what happened in Bangkok, Indonesia and other countries earlier........the real estate crash in Bangkok alone was the reason for the South East Asian recession at the time.........
Last edited: 27-Dec-12 06:47 AM
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