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Title : Straight Talk: Why It's 'Plain Stupid' To Buy A House In India?
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Straight Talk: Why It's 'Plain Stupid' To Buy A House In India?

The crash of the Indian housing market is imminent. Two incidents gave me pause for thought recently.

Firstly: Just as I was about to tee off at the Milpitas golf course in California this September I heard a "fore" and was fascinated to see a fellow golfer tee off from the backyard of his home. I thought, "What a life/luxury!"

I realised that this 7200 yard golf course is inhabited by a mere 50 families and Zillow (an app that dispenses info on real estate prices) indicated the price of each bungalow was in the range of US$1.1-1.3 million (approx ₹7.5 crore).

'Yes, we do sell affordable homes, if you happen to be Donald Trump.'
One cannot ignore that the US of A was built on the premise that infrastructure (rail, road, bridges etc) are the bedrock of economic activity and the growth of any nation. And the USA has by far the best infrastructure in the world.

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