I came across an article recently which stated that -" Now u get homes for as low as 1500$ in the US" owing to the Housing Bubble! Remember the prices will recover phenomenally few days after the bail out plan is implemented succesfully and the aftermath of the financial crisis cools down.
In India, Prices have skyrocketed in the past few years, People have already invested upto crores on a single independent villa, then why not think out of the box and invest the same amount which is enought to earn u not a villa but a palatial palace like structures in the US , particularly in the present circumstances? The financial crisis is just an opportunity in disguise for those who are planning to invest, especially from the long term perspective.
The houses being auctioned are being disposed off for a price which everybody could have only dreamt of few years back! Believe me its affordable to the fullest by majority of the population.
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