Ahmet replied on Thursday, May 7, 2015 12:17 PM kmc, I beg to disagree with due respect.Two reasons. 1) In 2002, there were plenty of 'better' options than Phase 9. I would never have invested in Phase 9 back then with lucrative options like Phase 6 or 8 or even 7. Just like I would not invest in DHA 9 extension today when smaller and medium term investments are available in the market today like DHA Gujranwala or DHA Multan files. I wouldnt call Phase 9 a good investment today because potential of return on the earlier 2 is higher. 2) The 2008 recession that lasted almost 5 years was a 'global recession'. The largest since the the great depression 5 decades ago. It really crashed the prices globally and alongated the pak property crash for no great reason. I dont see a similar recession happening again. At least not of the same scale. US is recovering. China is looking good. Its all about great timing. I bought an apartment in Dubai in 2009. The market crashed. People paniced and sold off their apartment at half the prices. I held on to the property. Today its worth more than it was in 2009 with a decent rental income. Just my 2 cents. |
syed shoaib replied on Thursday, May 7, 2015 12:25 PM kmc u missed many factors phase 5 in 90 lacs was not peak, first mistake, second your friend missed 6,7,8 and jumped to 9, second mistake, like cmy yiur friend didn't buy in lowest price 3rd mistake , and after buying at wrong time he do not hold it long . so how can u compare a amateur decision maker with a guru ?? |
aslam replied on Thursday, May 7, 2015 12:45 PM Ye sab kismat ke baten hoti hain. Simple is that |
info replied on Thursday, May 7, 2015 01:00 PM True bat to kismat ki hay. |
KF replied on Friday, May 8, 2015 07:10 AM I do agree, with KMC, I was in same situation, I bought the file in 34 n had to sell in 22 lacs. To be very honest, its all speculation, might you buy the file in 62 now, no one know, if things go bad, you had to sell it in 30,s. dont forgot, you are buying just piece of paper n hoping to get the plot after 10 yrs. Even, 2005, people were hoping the same. Moreover, in 2005, there was so hype in the market, "dont know wat will happen tomorrow, lets buy today, all artificially created by big investors. Moreover, societies in papers, or societies which were under development process were mostly effected. Rest populated areas were nt much effected, n started to picked up again after 1-2 yr time. in result, you should be GURU of market, try to clear up urself before slow down any thing. Best of luck |
CMY replied on Friday, May 8, 2015 07:18 AM KMC only problem in your story is that in 2002 when F block was 90 lacs you had DHA6 files. I bought two files in DHA6 at 18 lacs and 22 lacs. Even its peak price ever was 32 lacs at that time. DHA 6 3 plots today at 600 lacs plus but F is max 300 lacs DHA phase 9 peak was in April 2004 at 47 lacs. Lets do the math again :) Choudry Mujahid Yasin ( CMY ) |