Saturday, October 27, 2007

Ban real-estate-investment

I think "investment" in real estates must be banned - more so when there are millions homeless! People who have money "invest" in real estates, prices shoot up because of an increasing demand, have-nots are worse off (leave alone situations in which land is snatched from these people in the name of development!).

Visualize the following scenario - There's drought or famine, hence dearth of food (rice, say) - If i buy loads of rice, wait for prices to go up and then sell it!! Yes, people go without food! So what, i've made a good investment eh??!! Real-estate-investment is no different!

Well... buying a home to stay is a different thing altogether (Sometimes, buying another home or land as a result of planning for the future can be pardoned as well - i don't mean as an investment but something like "i cannot afford a big house now but would want more space when i have kids. Hence i buy a small apartment now and buy some land so as to build a bigger house when i can afford". Similarly, one can list out many more pardonable situations - such as "i'm in city A and buy a house there. I get transferred to B". Even in these situations, if one so wills, one can "consume" even less and be good to the world. Anyway, if the intent is investment then i think it's plain wrong! Unpardonable!

One of the best helps we can do to our society is avoid consuming more than necessary, i think! (Well... one can say "necessity" is relative and the argument goes on... I would say balancing one's wants with social responsibility is one direction to a feasible solution. Again, "balance" introduces relativity...)

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