Sold my old 5marla house for 2100,000/- if I had kept in US Dollar it was to equal to $33,000/- then some one suggested to buy a file of 1k in 9/10 which I did by using all of that money. Same file is now 2800,000/- looks profitable but when I divide 2800,000 with current rate of dollar PKR 95/-it becomes $29473/-, Hoh so I lost ()= $3527, X 95 PKR -335065. What a nice gain in 4.5 years.
Abid replied on Tuesday, September 11, 2012 03:20 PM
I asked same friend when can I sell my same file for 1 Kror he said in 10 years time. Then I think what will be the value of that kror after 10 years, will that be equal to currnet Kror or it will be equal to today's 50lacs. So those who are investing having in their minds that property will make them overnight rich like it did happen once, forget it man. I am not trying to disapoint any one but just trying to tell the truth. |
aliakee replied on Tuesday, September 11, 2012 05:04 PM
Hmmmmmmm nice analysis, definitely it’s wrong to think that you will earn lot of gain in 10 years .i would say still it is good to invest in land or property and you will get gain despite of inflation. Don’t compare it to DD because it is not our currency. Inflation is high in pak then usa that why you are getting loss. If you want to invest in pak then forget dollar and think in rupees . |
