Let& #39;s say you looking to buy a FLAT
You looked at many FLATS of diffrent builders , then liked a particular flat because of the location & certain amenities & Price was attractive too.
You looked at many FLATS of diffrent builders , then liked a particular flat because of the location & certain amenities & Price was attractive too.
You bought it & you were very happy about it. Thinking you can sell it off in a few years after price appreciates.
Years later you came to know that the Builder used some not so good construction materials & now everyone knows.
You tried to sell the flat, but now price is 50%
Years later you came to know that the Builder used some not so good construction materials & now everyone knows.
You tried to sell the flat, but now price is 50%
You hold thinking, people will forget about these issues
Dosen& #39;t happen, the price of flat depreciates further.
Now, the building starts to crumble & it becomes a danger to even live there. Finally the govt intervenes because now it& #39;s a serious health hazard.
Dosen& #39;t happen, the price of flat depreciates further.
Now, the building starts to crumble & it becomes a danger to even live there. Finally the govt intervenes because now it& #39;s a serious health hazard.
It asks it& #39;s own housing authority to intervene & patch up the deficiencies. It tries hard, but there only so much it can do.
However, now owners who vacated start to come back thinking it& #39;s safe. However, still many don& #39;t come back, though value of the flat goes up a bit.
However, now owners who vacated start to come back thinking it& #39;s safe. However, still many don& #39;t come back, though value of the flat goes up a bit.
Now the question is say you could not buy the flat then when it was at its peak, would you now buy it now knowing of all these issues?