Posted by: freedom2012 December 31, 2012
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1)$300/monthly salary to sustain a crore real estate price?
2)If people are borrowing to buy property as investment, then rental income will hardly meet the mortgage. Unless everyone has extra cash lying around, this will lead to a systemic banking failure.
3)How about all the investments that have already been made?. Unless everyone bought in cash, otherwise crores of loan repayment defaults will not be healthy for economy.
4)Nepal cannot rely on remittance alone to prop up real estate prices.
5)The fact that real estate prices have dropped itself proves that real estate is in trouble. Kathmandu may be small but if there is an economic collapse then size will not matter. Also be aware that Nepal is in process of decentralising. there will always be other options in near future. If you get in and out in a boom then it is good, but thinking that 1 crore invested in kathmandu will become 10 crores a decade later is a fallacy.
6)If prices are falling, why should people buy?. Should it not be wait and see?. Unless you are really desperate, it is better to wait couple of years.
2)If people are borrowing to buy property as investment, then rental income will hardly meet the mortgage. Unless everyone has extra cash lying around, this will lead to a systemic banking failure.
3)How about all the investments that have already been made?. Unless everyone bought in cash, otherwise crores of loan repayment defaults will not be healthy for economy.
4)Nepal cannot rely on remittance alone to prop up real estate prices.
5)The fact that real estate prices have dropped itself proves that real estate is in trouble. Kathmandu may be small but if there is an economic collapse then size will not matter. Also be aware that Nepal is in process of decentralising. there will always be other options in near future. If you get in and out in a boom then it is good, but thinking that 1 crore invested in kathmandu will become 10 crores a decade later is a fallacy.
6)If prices are falling, why should people buy?. Should it not be wait and see?. Unless you are really desperate, it is better to wait couple of years.