I’m glad the article hit home for you and I find it amazing the responses I get from diffent parts of the world! Across cultures and divides it’s seems like it’s all playing out pretty much the same as we have all the same monetary policy and banking rules basically
I’ve never been to India, my parents have been 4 times though so they’ve told me about how it’s developed over the last 30 years or so and how it’s become a country of two worlds!
Amazingly developed, modern and wealthy and then very poor and low standards of education and the divide is hard to bridge
I think that also with the population dynamics it makes it very competitive in India and they cannot build homes fast and cheap enough to meet the demands of the population so prices have to rise as people profit from as you say the security and prestige overs home and overinvest in property pushing prices higher and keeping more people out of the market
I don’t know how long this property thing can last it has to self correct eventually and when it does a lot of peopel will be hurt it may not even be this generation but the next, who knows with all the crazy money creation and inflation we have now to keep things going
Dear #HIVE Owner @chekohler,
A few moments ago, I had a thought about this topic.
Didn't it take such a long, long time for the people to understand about the advantages of Crypto and disadvantages of fiat currency?
Similarly, it will also take a long time for the people to realize that home is a illiquid asset and worth it( i mean they knew it, but they still do give more importance to own a home) and the exceptional case being off-grid houses! Isn't it, Sir?
"they’ve told me about how it’s developed over the last 30 years or so and how it’s become a country of two worlds!"
A thing of the past, Sir. Post 2014, our country has been on a downslide and currently India is TOTALLY DEVASTATED😭😭😭, Sir.
#HIVE🤚from 🇮🇳 to South Africa, @chekohler Sir.
Yes it's breaking a lot of the old ways of thinking and many people will die before they change their minds, I think the younger generation will see the downside of fiat easier and why crypto is better as well as the ideas of reasonable investment in homes and not over-investing in one asset class versus another.
We're all going to have to come up with new ways of thinking if we plan to build back up from what is going to happen over the coming months and years.
Would you say this is due to Modi and his presidency or was it before he came into power that it was already seeing India on the decline?