{"id":2881,"date":"2014-09-02T13:14:24","date_gmt":"2014-09-02T07:44:24","guid":{"rendered":"http:\/\/teekhapan.wordpress.com\/?p=2881"},"modified":"2014-09-02T13:14:24","modified_gmt":"2014-09-02T07:44:24","slug":"2881","status":"publish","type":"post","link":"https:\/\/vivekkaul.com\/2014\/09\/02\/2881\/","title":{"rendered":"How politicians, banks and builders conspire to keep real estate prices high"},"content":{"rendered":"
<\/a>\u201cSex sells,\u201d is an old adage in show business and advertising. If I were to come up with a similar sort of statement when it comes to writing on business and economics it would have to be \u201creal estate sells.\u201d An article on the real estate scenario in India has more chances of being read than anything else.\u00a0<\/span><\/span><\/span><\/p>\n People who make a living from the real estate industry, be it brokers, real estate consultants or builders, like to tell us time and again that real estate prices are only going to go up. So, it’s time that we forgot about all other ways of spending money and bought a house.
Various reasons are offered, right from shortage of land(they are not making any more of it) to now that Narendra Modi has become the prime minister, everything is going to be fine. In my previous pieces on real estate (you can read a few of them\u00a0<\/span><\/span><\/span>here<\/span><\/span><\/span><\/a>\u00a0and\u00a0<\/span><\/span><\/span>here<\/span><\/span><\/span><\/a>) I have tried to expose several myths that over the years have come to be associated with the sector.
<\/span><\/span><\/span>In this piece we will just look at one data point that tells us loud and clear that real estate prices should not be going up, as has been justified by those make a living from real estate, time and again. \u00a0<\/span><\/span><\/span>Look at the following chart:\u00a0<\/span><\/span><\/span><\/p>\n