I've been reading a blog recently that concentrates on India. In India, apparently by an Indian person. Seems they - financially - have many similar concerns to us here - inflated house and asset prices, etc. In a recent posting, the writer states ...
"While it is not the end of the real estate rally, in general, like any commodities, property prices also go through the boom and bust cycle (in fact, the rise in property prices is not just unique to India!). The reason why we thought it is relevant to highlight the property market to our readers is that even after the fall in the stock markets in the last one and half months, we still hear brokers selling 'real estate' stories to retail investors. While some companies have a long-term strategy to tide volatility in prices, it is pertinent that we, as investors, exercise caution in our judgment. Ultimately, it is our hard earned money!"In any case, the blog is well worth a visit, if you're considering investing in more than just Indian cuisine.
The Confused Capitalist