Real estate dreams and nightmares

It's been many years now that India's real estate has been under what is called a 'time correction', something like a decade. Time correction is a slightly fancy (actually, misleading) way of saying that prices are stagnant. At some point, this stagnation will end and real estate prices will head upwards. There are many reasons for these years of stagnation. Obviously, the major one is that prices rose too fast and too far on the strength of investors who had more money than sense. For some years, these investors kept selling apartments to each other at higher and higher prices and finally the prices got too high for real buyers, those who would buy to actually live in the houses. So this stagnation is just the phase when the buy