property price crash
hi there, this is my first time posting.
It appears that everyone has talked about the price drop in recent days but it seems to me that this is all linked to the recent violence in karachi. But long term i think pakistan is at this time at a boiling point, load shedding is another problem, its ok planning all these great places and societies but where is the electricty going to come from.
Anyway on a side issue i recently came to pakistan and took time out to meet with Mr Ch Mujahid of
lahore real estate, we sat and chat for ages and we only stopped due to Juma Azaan!! a very nice man, honest and genuine. (if your reading this mr mujahid its Amin here from the UK)
take care
ILovePakistan replied on Monday, May 14, 2007 01:24 AM PST
When one decides to live in Pakistan, one automatically assumes the country risk. One could decide to diversify this risk, purely in financial terms, by deciding to invest outside, however, people have lived and passed their lives in this part of the world. As already mentioned above, Pakistan has always been on crossroads or at a take off stage. Nevertheless, some things have gone her way and some have not.
There have been so many other instances in other parts of the world; one gunman decides one day to shoot 32 people in virginia on campus, bomb explosion in Turkey, Basque separatist shootings in Spain etc etc to quote few in very recent times. I guess this is how the world is, uncertain. Absurd reasons have been quoted above predicting property crash; that is all i would like to comment on the above listed reasons, however, reminds me of some incidents that might help some people deciding to sell their properties cheap. During Kargil and many other crises that ensued, some people bought the cheapest properties and stocks one could acquire in his or lifetime. The point is that when deciding to live in Pakistan and assuming the country risk, these crises will come and leave, as in any other part of the world, so think twice before selling your valuables very cheap. My two cents and regards to all. |