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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (11907)	7/30/2003 4:51:34 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

actually I've heard Bangalore is a frenzy just exactly like SV in the 90s. Wow that looks like a nice house! Actually my indian friends gave me wrong information then. They say you can't buy RE in india, it is unavailable or goes for millions. Maybe they mean millions of rupies. Well I don't think this offshoring situation will improve until they peg the rupie and won to the dollar and when that happens we will be in balance (after losing our entire knowledge base of workers in the US of course). So if you think the rupie peg to the dollar is inevitable its probably a great buy in India RE now. By the way its Mumbai now, Bombay is politically incorrect. Although it sounds like the english took the indian names and tried to phonetically spell them vs. change the name entirely which isn't too bad.