Monday, October 29, 2007

Bombay Sensex corrects and recovers

The Bombay Sensex corrected and lost over a thousand points one day and then recovered most of the loss the next day. Fortunes are being made in this country left right and center. Land is the ultimate investment. The way things are going here you can double your return on land and real estate in under three to five years. I don't know how much of a bubble this is. I think logic will state that it cant go on forever but you also have 1.1 billion people stuck in a country only 1/3rd the size of the US. It stands to reason that they will want to start buying property now that their call center and software development jobs are finally turning them into middle class consumers with the normal middle class desire to own a home.


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