FM revises tax slabs to give more money to consumers

[kippu]

magnet , i needed to talk you about some similar thing ,, are you available on any chat?

 

[blr_p]

If there is an agency it can keep a tab on it

What basically happens is this

Are the banks keeping property prices up? - dnaindia.com

The jist of that article is this..

The banks have used your money to give it as a loan to real estate developers. Their act of giving the loan to real estate developers gives them badly needed cash. The real estate developers no longer need to sell their real estate to get "cash flow" to stay alive. They got the money from the banks.

Now, the real estate developers can charge you a higher price for real estate.

To which my question is How long for

This isn't really price fixing, you can only fix the price when you have a monopoly over the product you are selling. If the price is high ppl will not buy or will buy less and these develeopers still have to make their interest payments for these loans.

If they sell less they get into a bigger hole which will eat into their profits. Now will they be able to take out more loans, doubtful.

Maybe, you wish to give your deposit to a bank that only gives real estate loans to individuals who buy homes or offices or shops?

You can deal with banks that refuse to give money to real estate developers.

This small act will force the real estate developers to sell those 1,61,605 homes that they would need to sell to pay back the loans from your bank deposits. And then you can buy your real estate at a more "real" price.

What is 'real' price

The question to be asked is should those who own a home suffer a bigger loss in value so that those that want to buy a home can afford one ?

IF the price drops too much no one wants to sell, this will compound the problem where there are fewer buyers than already present.

Fixing prices is fine so long as you can deal with the after effects, many times those are out of one's control and in general can be worse than the short problem being addressed in the first place. Course this is just plain economics, politics can and always does colour better judgement.

Were the loans made to the real-estate developers a good decison ?

..meaning will they be able to pay them back or will it result in a bigger problem. See before you buy your house your money is in the bank and being loaned out, now if those loans don't all fail you are ok otherwise you end up losing the nest. This is the bigger problem i think than how soon you can buy your next home.

Well I never understood what it achieves (definitely not the upheaval of women). Maybe except for the fact that some women somehow do not feel equal to men unless they get special treatment/privileges. (Similar to the way some women like to express their equality with men by cutting to the counter at long queues saying that they have equal rights :rofl

What i was heard was that women in general get paid less than men so should correspondingly pay less taxes. SO i said this is what the different tax brackets are for and then questioned whether this assertion would actually institutionalise discrimination ie codify that they are not equal in law which presumably this idea is supposed to counter.

Then the other party (a woman with a phd) got a little irritated and discussion kinda stopped :ashamed:

Basis for having different tax slab might be because the government wants to appeal to the working women and the retired class. They think that a lower tax for the working women will translate to better vote banks to them.

Excellent you nailed it

 

[6pack]

Why should houses be seen as an investment avenue instead of a necessity point of view? greed! there is no other way in the market than make a killing by buying houses for less and selling for more than 10-20 times cost price. the prices never fall like stock markets. the builders keep jacking up prices, banks are more than willing to fork out loans since they in turn get their share of the spoils, and people take loans to buy the houses since they see that the prices just rise every year and have no other option.

This place is going the USA way. There will be a very big property market crash in maybe 5 - 8 years when this fake bubble will burst. Most probably the world will point fingers at us for bringing another world economic crash at that time then.

 

[MAGNeT]

Why should houses be seen as an investment avenue instead of a necessity point of view? greed! there is no other way in the market than make a killing by buying houses for less and selling for more than 10-20 times cost price. the prices never fall like stock markets. the builders keep jacking up prices, banks are more than willing to fork out loans since they in turn get their share of the spoils, and people take loans to buy the houses since they see that the prices just rise every year and have no other option.

This place is going the USA way. There will be a very big property market crash in maybe 5 - 8 years when this fake bubble will burst. Most probably the world will point fingers at us for bringing another world economic crash at that time then.

In city like mumbai every PA of MLA have 100 houses on their own name...Than how will the price reduce...God know how many 100 penthouse ministers have

when 100 families stays vertically lot of horizontal space becomes free ...and out of this 100 may be 10 might invest in 1or more homes...but still after removing all the slums the rates never come down.why is it so?

No doubt the country is going US way(all money invested in properties)..Btw DTC act on similar line and investing in more than 1 home on ones name will be a costlier job soon..

Blr sorry couldnt reply to your post now but please check colums on vivek kaul on house bubble on same dnaindia site

I donot want to divert this thread from budget to economic bubble stuff...as lot of budget stuffs need clarification

My lcd idea got shattered when heard excise have been increased.....ohh damn

what about hdd??