Very insightful. On the first part of this POV - on the Real Estate business, you should have dived deeper into how price and demand manipulation is happening in this business. The new breed of Real Estate traders who are in cahoots with Real Estate companies and help create artificial supply issues that justifies ridiculous real estate prices. This industry is going to see a spectacular crash - pretty much like China if this continues unabated. And meanwhile a whole generation of young home buyers will chain themselves to a lifetime of EMIs paying biz are rates for substandard . Please call a spade a spade to make it genuine and useful.
The Daily Brief by ZERODHA of date digs into —Concrete, cash, and confidence: Decoding residential real estate — and APTLY terms it “India's Real Estate Machine”.
RRE is something dear to we all Indians or even the entire world population.All wars were for RE,all empires were made of this.
I recap a famous quote on Residential RE that highlights the significance of even a small piece of land or property that one can call their own—“However small it is on the surface, it is four thousand miles deep; and that is a very handsome property." - Charles Dudley Warner, "Preliminary," My Summer in a Garden, 1870.
I compliment The Daily Brief for unlocking the modus-operandi of RRE as I often hv Wondered that despite so many frauds,this industry is ever growing.
The other Note “India Intoxicated” is eye-opener and gains much importance as today’s Gall-up survey reports that—Alcohol consumption among adults in the United States has fallen to the lowest on record, with only 54% of Americans drinking alcohol in the past year, compared with 58% in 204 and 62% in 2023.
The Side Note rationally concludes & my take:
So what options does one have? Perhaps any sustainable answer requires an understanding of why people make the choices they do, what social and cultural needs these products fill, and how one can address those needs through means beyond the price tag. Intoxicants bring out the oddest parts of human behaviour — a part that doesn’t readily answer to cost-benefit calculations.
Very insightful. On the first part of this POV - on the Real Estate business, you should have dived deeper into how price and demand manipulation is happening in this business. The new breed of Real Estate traders who are in cahoots with Real Estate companies and help create artificial supply issues that justifies ridiculous real estate prices. This industry is going to see a spectacular crash - pretty much like China if this continues unabated. And meanwhile a whole generation of young home buyers will chain themselves to a lifetime of EMIs paying biz are rates for substandard . Please call a spade a spade to make it genuine and useful.
Got it, thanks for the feedback. We’ll keep this in mind for the next time we cover this space :)
The Daily Brief by ZERODHA of date digs into —Concrete, cash, and confidence: Decoding residential real estate — and APTLY terms it “India's Real Estate Machine”.
RRE is something dear to we all Indians or even the entire world population.All wars were for RE,all empires were made of this.
I recap a famous quote on Residential RE that highlights the significance of even a small piece of land or property that one can call their own—“However small it is on the surface, it is four thousand miles deep; and that is a very handsome property." - Charles Dudley Warner, "Preliminary," My Summer in a Garden, 1870.
I compliment The Daily Brief for unlocking the modus-operandi of RRE as I often hv Wondered that despite so many frauds,this industry is ever growing.
The other Note “India Intoxicated” is eye-opener and gains much importance as today’s Gall-up survey reports that—Alcohol consumption among adults in the United States has fallen to the lowest on record, with only 54% of Americans drinking alcohol in the past year, compared with 58% in 204 and 62% in 2023.
The Side Note rationally concludes & my take:
So what options does one have? Perhaps any sustainable answer requires an understanding of why people make the choices they do, what social and cultural needs these products fill, and how one can address those needs through means beyond the price tag. Intoxicants bring out the oddest parts of human behaviour — a part that doesn’t readily answer to cost-benefit calculations.
"Three, people’s demand is, simply, “elastic”. "
I think you mean to say People's demand is inelastic for intoxicants.
Elastic Demand => Demand is highly senstive to prices. So, price increase (due to tax) would actually discourage people which is not the case.
We confused elastic and inelastic, our bad! Sorry 😢