Real estate developers are warning that if (potential home-buyers) wait too long, there could be dire consequences for a number of support industries, millions of unskilled labourers and the wider economy itself... (Prakash Challa) warned that the confused consumer could push the market too far.I don't even know where to begin. Now home-buyers are supposed to throw prudence to the winds and jump into the market in the broader interests of the economy, never mind the uncertainty over their paychecks and whether they would be able to afford the astronomical EMIs. Also notice how their caution is characterized as confusion.
Thursday, April 09, 2009
From The Hindu: