Let us face Reality in
Realty.
I am
neither a real estate professional nor a financial expert nor a specialist
economist but when one particular business grows with enormous disproportionate
profit without adding much value then we need to look into it.
Realty sector
woes.
I have been
warning and suggesting every player in realty sector who asked me for some
suggestion the following:-
1.It is high
time that Realty sector realized the realities and becomes realistic in its
pricing so that more people can afford it.
2. Also
come up with lot of changes ,all of which are necessary,
feasible and also fantastic but almost all or
most realtors are Luddites and suffer from status quo addiction.
3. Worse
still almost all of them were playing on someone else's property, some else's
expertise, someone else's investment [there were many types in this individual
home buyers who made advance payments and waited for ages to see their property
and joint venture victims who were suffering]
4. Some or
most were operating on unaccounted resources.
5. I think
at least some of these trends will slowly fade away and sanity will descend .
6. Many so
called big players who were unwilling to even listen to alternatives will now
face reality in Realty.
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