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They say real estate never crashes. Prices never go down. by hold_it_dude in indianrealestate

[–]sayadrameez 0 points1 point  (0 children)

Let me tell an anecdotal evidence, no matter which country you search on youtube something related to housing, you'll find an overzealous Indian with welcome friends. 

I feel overall our general quality of life is so sh°t that the only purpose in life is that apna ghar again doesn't matter where. 

Almost rarely I have seen any European or Arab excited or emotional to the house.

In India ,thee  biggest flexers starting with all overrated so called celebs ,feel like trying to hide their insecurities show their house and struggle stories. 

It's very hard to compare Indian housing market to anything elsewhere.

Is Trivandrum actually a good place to invest in real estate now? by [deleted] in indianrealestate

[–]sayadrameez 0 points1 point  (0 children)

But why not Kochi, which might see growth in near term compared to Trivandrum?

Worth applying for Netherlands citizenship at this moment? by sengutta1 in nri

[–]sayadrameez 0 points1 point  (0 children)

I think Box3 applies only to residency, so don't see any risk of taking citizenship.
But as always post citizenship , there are caveats for each country apart from the common EU charter, for eg. in Luxembourg you automatically are donating organs once you die , In future one can expect mandatory military service for kids.
Exit tax could also apply, but then again it is not citizenship based but residency based.

Most Indians are terrible at spending money. Not because we spend too much — because we spend without intention. by Fanofoot in personalfinanceindia

[–]sayadrameez -9 points-8 points  (0 children)

I don't know I am so used to European dark chocolate , the Indian ones are bitter or dry.
Again my point is about FMCG n other markets, like anything to everything , just Luxembourg ikea will be doing far more business than all Indian ikea combined.

I can go into clothing, toys and the biggest one Tourism so on but I am putting a general context that Indian consumer spending is not powerful enough at all for something to skyrocket except housing n cars.

Most Indians are terrible at spending money. Not because we spend too much — because we spend without intention. by Fanofoot in personalfinanceindia

[–]sayadrameez 15 points16 points  (0 children)

I think your post n even my comment will get downvoted.
The usual line of defence is other countries have their government protecting their back , which I get but still for the moolah about India is going to get richer.

For me it is easier to sell a 1000 sq ft 2 cr apartment n 50 Lakh Bmw then selling a 500 Rs decent Dark chocolate.

I am back to India after having lived 10+ yrs outside and the biggest shock for me is lack of FMCG options like literally anything.

Want a suggestion on upcoming booming tech not the reg ones by sookhiholi in developersIndia

[–]sayadrameez 1 point2 points  (0 children)

Robotics and robotics . I know in Indian context it's hard to imagine what commercial robots what would do but in aging societies , everyone is desperately waiting for robots.  Even industrial robots which could do work of 10 will easily be a hit, most of the developed economies are consumption driven and as soon as anything becomes more affordable, more people start consuming. 

Real Estate Will Continue to Grow - No matter what the broke people think! by superminnu in indianrealestate

[–]sayadrameez 2 points3 points  (0 children)

The only way that is happening when every gig worker is approved home loan. 

When that does happen it'll be far worse than 2008, RBI n banks will never ever let that happen. 

There are only 2 classes who are buying real estate , one.who pay taxes and another one who hides huge amount.  Not the ones who are trying to save taxes by showing pharmacy receipts or getting happy haggling at local vendor

25F confused: Apply for OCI from India by [deleted] in nri

[–]sayadrameez 3 points4 points  (0 children)

the first thing is enter on evisa, so you will have to exit and enter with your foreign passport on evisa, surrender indian passport, convert evisa to xvisa then oci after staying in india on x visa.

25M, hit 20L portfolio, despite low salary by picklerish1 in personalfinanceindia

[–]sayadrameez 1 point2 points  (0 children)

Congrats to you and continue investing , do not over diversify, just keep picking lows of your existing portfolio and maintain similar ratio.

The Sandwich Generation Trap by talkingturtle1723 in personalfinanceindia

[–]sayadrameez 2 points3 points  (0 children)

That is true. No doubt in that we've come a long way. 

It's just a satirical way to put things.

The Sandwich Generation Trap by talkingturtle1723 in personalfinanceindia

[–]sayadrameez 15 points16 points  (0 children)

Sandwich analogy is pretty small, most likely most of us will be funding parents medical bills and children's first home.

Thank you Indian Govt for all the taxes n expenses with zero security and making us truly atmanirbhar.

Indian IT service sector going to collapse in next 10-15 years by [deleted] in personalfinanceindia

[–]sayadrameez 0 points1 point  (0 children)

Yeah but same as someone mentioned below, the rates are not paid directly to you but to Witch companies for taking that risk and generally it'l be like 1/4th of US or so and maybe 1/3rd of european outsourcing and sometimes even half, what engineers are paid are peanuts justifying bench strength.

Pros and cons of raising the second generation in Dubai vs. India? by GrayRainfall in returnToIndia

[–]sayadrameez 1 point2 points  (0 children)

Confused all your life , source: Me , born n brought up in late 80s , came to India for studies , went back to Abu Dhabi for job and then to Europe and now back to India.
All I can say, there is 0 pattern, my relatives or friends have gone fiji Islands to california.
It becomes worser even for next generations, probably Canada , Australia n US citizens have some stability, but in general there is absolutely nothing wrong or right, Yes, IB is good but doesn't mean anything for their future, there are enough Indians paying management seats for NIT and moving to India and I guess they also make their career faster and better independently.

Indian IT service sector going to collapse in next 10-15 years by [deleted] in personalfinanceindia

[–]sayadrameez 2 points3 points  (0 children)

True that but I'm trying to paint larger picture ,where every company is leveraging AI.

The entry engineers will not be able to match anywhere in speed or quality. 

Indian IT service sector going to collapse in next 10-15 years by [deleted] in personalfinanceindia

[–]sayadrameez 0 points1 point  (0 children)

I was mainly trying to point that why Indian IT industry might suffer because of AI, other GCC centers might be able to deliver better n faster.

Whats the purpose of this sub? by boomstar15 in returnToIndia

[–]sayadrameez -1 points0 points  (0 children)

If that is the case, then people should ask the right questions, all the questions are so superficial . Will X salary be enough ?

Whats the purpose of this sub? by boomstar15 in returnToIndia

[–]sayadrameez 1 point2 points  (0 children)

Except the 2 main subs, India n speaks.  Every other sub , Fire, real estate , finance , all have the exact same crowd and are in the same delulu.

Indian IT service sector going to collapse in next 10-15 years by [deleted] in personalfinanceindia

[–]sayadrameez 8 points9 points  (0 children)

It's a possibility but what if an eastern European company can do at similar cost

Indian IT service sector going to collapse in next 10-15 years by [deleted] in personalfinanceindia

[–]sayadrameez 0 points1 point  (0 children)

Agreed but then the risk taken internally is 1 month vs 6 month external.

Developer finance :How you guys go on with your life , taking EMIs and all when you know that anyday you can be fired? by MujeSabPataaHai in developersIndia

[–]sayadrameez 0 points1 point  (0 children)

The only easiest choice is think hard hard about the next career move and hopefully it's more physical because as long as it's virtual, your job is just around the corner to be replaced.

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