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leo2007
Senior Member
Joined: 22/Jul/2007
Location: India
Online Status: Offline
Posts: 262
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   Posted: 25/Aug/2007 at 6:04pm |
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Buying a plot is a safer alternative. The price will go up as the demand increases, and we cannot manufacture land to meet the demand. Doubling the value will depend on the location of the plot . ' Investing ' in building/ apartment is not a good idea , according to me. I am a firm believer that equity will outperform realestate in the long run.
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basant
Admin Group
Joined: 01/Jan/2006
Location: India
Online Status: Offline
Posts: 18403
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Posted: 25/Aug/2007 at 6:12pm |
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Plots have all sorts of safeguard problems. Encroachment is a big issue also banks do not fund open plots.
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'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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leo2007
Senior Member
Joined: 22/Jul/2007
Location: India
Online Status: Offline
Posts: 262
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Posted: 25/Aug/2007 at 6:44pm |
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Buying an open land,leaving it unattended for a long period may lead to encroachment problem.
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 25/Aug/2007 at 7:55pm |
Well, there are some people for whom encroaching other's plots is a safer alternative to wealth creation!
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Life can only be understood backwards—but it must be lived forwards
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Vivek Sukhani
Senior Member
Joined: 23/Jul/2006
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Posts: 6675
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Posted: 25/Aug/2007 at 8:52am |
For me there are 2 ways of channelising wealth.
1.Equities
2.Fixed Deposits/Bonds
I find other routes not quite impressive. Somehow, hate insurance to the hilt.Wont go for a mutual fund, as I am yet to come across a MF manager who has inspired me to beleieve that he is smarter than me in managing my money. Commodities in futures are hopeless, will like to play it physical whenever the urge becomes too high, otherwise indirectly by way of equities is fine with me. Real estate requires some muscular backing as basant sir has already said....when you have an easier way to make money why complicate matters....????????
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kulman
Senior Member
Joined: 02/Sep/2006
Location: India
Online Status: Offline
Posts: 9319
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Posted: 25/Aug/2007 at 9:09am |
when you have an easier way to make money why complicate matters....????????
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"There seems to be some perverse human characteristic that likes to make easy things difficult."---Warren Buffet
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Life can only be understood backwards—but it must be lived forwards
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Vivek Sukhani
Senior Member
Joined: 23/Jul/2006
Online Status: Offline
Posts: 6675
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Posted: 25/Aug/2007 at 9:18am |
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Just as too much loyalty is a matter of dogs, similarly too much labour is a matter of porters.....
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India_Bull
Senior Member
Joined: 19/Sep/2006
Location: United States
Online Status: Offline
Posts: 2296
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Posted: 26/Aug/2007 at 2:35pm |
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On a lighter note,
I always think why my forefathers were not aggressive in getting the piece of land for which I have to buy from someone very aggressive (how can he be the owner of the land and who has decided who is the owner and who is not ?) I have to pay hefty money.
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India_Bull forever Bull !
www.kapilcomedynights.com
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