ASCII silly question, Get a silly ANSI.
ASCII silly question, Get a silly ANSI.
Originally posted by Sanjay Ramasamy:
Stuart Ash,
Ok..let us look at these facts..
Cost of a descent car in india Rs 4 lakh
Cost of a 800 square feet apartment in Bangalore =around 22 -24 lakh
My present pay package is 4.75 lakh/annum..consider an annual increment of around 10%
Assume that I save around 3 lakh /annum..and it rises 10% every year..How many years will it take me to accumulate 22 lakhs..By my conservative estimate around 5-6 years..By the time I save this money the property price would have tripled or quadrupled..So it would be a rat race..
This is the only reason..the situation here is not like what is in US or in UK where you can get a car in your 1 month salary..
Now what do you say..?
Originally posted by Karthik Guru:
Hi Rajagopal ,
A quick question -
Who is more likely to afford an apartment in bangalore?
A person who spends say first 5 years (of his career) in india.
OR
Someone who has spent the same amount of time abroad.
Namma Suvarna Karnataka
Originally posted by ab parashar:
Right now the cost of a flat in B'lore is 50 lakhs...who knows where it will be by the time you are able to save even 20Lakhs?
Your target of saving money will always be a moving one....even out of India...
Namma Suvarna Karnataka
Originally posted by Arjunkumar Shastry:
The thing is people when migrate look much more than money.Quality of life matters the most and most important whether afforadable housing,eating,medical faclities are within the reach of common man or not.In case of India answer is NO.So you see people ready to migrate to war proned Iraq.People ready to make duplicate passports.People going on asylum and people going on fake programming experience.I am not justifying this but this is the reality.
Originally posted by ab parashar:
If you work( java coding or taxi driving) just for money then your job would be like a marriage that has been based just on sex!!
- Varun
It is easy to advice others to stay in India and work but as Karthik said how many of the people who suggest this are ready to come back inspite of the market here being good...
Originally posted by Karthik Guru:
Hi Ab,
I will probably frame a reply to your response later (there is too much to write) . But could'nt help noticing this ..
[qb]
If sitting at home and watching the crappiest of Hindi movies is your idea of fun, then you should go ahead.
Most hindi movies are crappy, you might be spending $1 on a dvd - sasthe chuthe , we end up shelling out few 100s in blr multiplexes.
Btw, we normally spend our late evenings on bangalore roads. and you?
Most of the time I end up with *another* dent in my vehicle. I'm not sure about others though. If they feel otherwise , they probably dont live here.[/QB]
Originally posted by ab parashar:
As far as your question about a flat in Bangalore....
I have many friends here in the US who have made millions...first in stocks then in real estate both in California and in Bangalore.....but they never had the money to put everything down upfront.
Actually you dont have to put everything down. A little would be enuf. The "$:INR" ratio helps there.
Right now the cost of a flat in B'lore is 50 lakhs...who knows where it will be by the time you are able to save even 20Lakhs?
Your target of saving money will always be a moving one....even out of India...
Again!tell me for whom will it be easier to invest 50 lacs?
I dont want to duplicate my previous post here
It costs a lot more to go to the movies, and dude thats not what I do but thats what most of the Desi's do.
Amit..
Thanks for your suggestion..What you said is true..Even I was thinking in similar lines..I did my M.tech in IIIT-Bangalore...and am planning to give my GMAT shortly..I am specifically eyeing MS Financial engineering/Computational finance...Hope things work out the way I plan..Yes, as you said there is a risk but I dont want to miss the opportunity again and regret later..
it's quite difficult to spend another 15-20 lacs within few yrs.
Originally posted by Karthik Guru:
Hi Rajagopal ,
A quick question -
Who is more likely to afford an apartment in bangalore?
A person who spends say first 5 years (of his career) in india.
OR
Someone who has spent the same amount of time abroad.
ASCII silly question, Get a silly ANSI.
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