Important for persons based in Europe

[pqr2012]

Way back I have clearly outlined the potential issues that Europe has in store. I think
Brexit clearly indicates the path EU is taking.

Brexit can be start of massive issues in UK/EU.

UK is completely doomed.

[pqr2012]

EU surely going to disintegrate and it will be really really painful.

[appu2015]

EU surely going to disintegrate and it will be really really painful.

I am very curious on how you forecasted the doom?

[pqr2012]

Frexit, Nexit, possible Grexit, Scotland freedom just a matter of time. EU economy doomed. Huge outflow of
investor money from UK/EU out of which a sizable amount to India. Clearly -ve EU and possible huge +ve India.
Pound can get hammered if UK divorce gets messy.

[pqr2012]

Refugee problem in EU too complex impossible to solve. EU in worst situation since World War 2.

[techynt]

What is the time frame for all this gloom-doom in Europe, can we say 3-4 years?

I don't think currency value going down is bad for a country......many country wants to do that....since that will make their exports cheaper and harder for companies to outsource work. But what will all those Indian IT companies do whose wages are based on pound and Euro being where they are today?

Frexit, Nexit, possible Grexit, Scotland freedom just a matter of time. EU economy doomed. Huge outflow of
investor money from UK/EU out of which a sizable amount to India. Clearly -ve EU and possible huge +ve India.
Pound can get hammered if UK divorce gets messy.

[techynt]

Late to comment on this, but I think Indian RE may not go down drastically.....since it has already gone down in USD/Euro terms since 2011, by more than 40%.

I had to laugh at this thread! :))

I lost my job in 2008-9 recession but that event didn't affect me much because I managed to find a job (albeit with lower salary) and then within 1 year commanded higher salary than pre-recession.

If European economy suffers, that will affect India (especially IT sector) badly. Real estate price in India is now bubble. That will burst. Inward forex flow will reduce which will affect India's import capability.

Over last 50 years, Indian Rupees always fell against $, €, £.

I'd plan R2I based on such absurd scaremongering :D

[pqr2012]

Two years back I have clearly told things are not going to be all that great in EU going forward.

Things are going to be really bad in UK. Particularly IT, banking,finance guys in UK are going to face difficult
times for at least next 5 years.

For UK guys r2i looks the best option. The good days of UK are over.

For last 2 yrs I have repeatedly mentioned about the gloomy outlook for UK in this thread. My models
indicate that things are getting worse.

So UK guys be very careful.

[FB2020]

Late to comment on this, but I think Indian RE may not go down drastically.....since it has already gone down in USD/Euro terms since 2011, by more than 40%.

Can you please elaborate this with an example? How has it gone down in USD terms since 2011? I know Re has fallen, but the property values have risen considerably since then. So that will make it even, no?

[techynt]

In most cities, property value has not risen much, across the board, since 2011. In fact from all the information I have RE value increase in India has been below inflation(around 7-10%).

In USD terms it has fallen means, if you were to transfer your USD to India in 2011/2012 and buy a property there and if you want to sell that property and transfer your money back, you may have to take a loss of more than 50%.

People who made it like bandits were those who bought between 2000-2007. Some of them grew 20 times during that time, IMO, that kind of growth is not coming back again.

Can you please elaborate this with an example? How has it gone down in USD terms since 2011? I know Re has fallen, but the property values have risen considerably since then. So that will make it even, no?