Posted by: hakim_saab January 1, 2013
Real Estate Bubble
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Freedom 2012 is very naive.

1) According to freedom, there's a fat (meaning big) chance of a stable government in Nepal. But then he says we're headed for a civil war. Really? Young people have migrated to far off lands and no one's asinine enough to put their neck on the line for any new commie messiah. 99 percent of Nepalis want peace.

2) Yes some unscrupulous bankers and greedy agents lost money and may be prices came down 20 percent, but thats just correction after a ten fold increase like SAP dude said. Kathmandu's real estate market has matured. There wont be much volatility.

3) Freedom 2012 seems hell bent on his economic collapse theory, but then tell me why the share market is up two fold amidst all this instability? A country recieving 6 billion in remittances will have to literally flush money down the toilet for your doomsday prophecy to come true. Seems like you've watched a couple of Michael Moore and Gerald Celente documentaries and now think you know it all, but your logic is thin and you seem so innocent when you equate cliches like 'Health is Wealth' to real estate prices. Thats so Brilliant! Yeah really! why would anyone spend $500k for an apt in NYC, Shanghai or Sao Paolo when you can just mow down a corn field and live as healthy as a horse in Bumblef##k Arkansas?
Last edited: 01-Jan-13 11:15 AM
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