In 3-5 years, there are going to be insane default on home loans by those who believe their salary is going to be same to more than their current salary. A rude shocks awaits everyone
If you really want to invest in real estate, buy plots and not flats at these inflated price
Qwerty2398
Stealth
3 months ago
The assumption here is all the people have taken and have outstanding loans to buy these properties.
Indian RE is a black money sink. Atleast 75% of these properties would include benami, black money and reinvested properties. So a crash is unlikely. Banks politicians, and bureaucrats are the biggest land holders. Crash like what we saw in Japan or US is unlikely.
LooseGoose
Stealth
3 months ago
This^ 75% might be a bit high but close enough imo. At least 50-60% of Indian RE involves black money and cash.
The apartment rates or plot rates too are inflated across country. It came down during COVID but then ZIRP boosted it. It’s a bubble and will burst.
RE crash, unlikely. Instead i foresee unemployment at large scale due to some radical development in AI, & consequently people defaulting on their credit at various levels will start the domino effect, which might be much larger than what govt could provide bail outs for