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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST

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To: TobagoJack who wrote (6953)6/5/2006 12:21:43 PM
From: 8bits  Read Replies (2) of 217786
 
"Tenants in Mumbai Will Endure a Lot For an $8.50 Flat
."

A similar mentality exists in Mexico. Mexico DF (Mexico City) has very strict rent control laws which can apply even to commercial properties. It's very tough to evict people. The price controls don't go as far back as India's (back to the 1970s..) but there have been two major devaluations of the Mexico Peso in that time. Effectively some people have rent for multiple bedroom flats for less than $10.

I think different parts of India are more capitalist oriented (such as Bangalore..)it seems to vary from state to state.
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