It is beautiful to have so many fellow Happionaires wanting to volunteer from all over the world and sharing their experiences over the past years on this wonderful journey we have had. Our inbox has been flooded and we have got hundreds of people interested in volunteering. It proves our belief that generally people are good and desire to do something good. Most people just need to be given an opportunity to do something good, and they will. We want all those who have committed to being Happionaire volunteers by starting their volunteering work immediately! You are going to form a very important part of our movement. All those who have committed to be Knowledge Spreaders do share this message with each and every person you know.
In spite of so much love and support from everyone, I had one individual questioning our views on real estate way back at the peak of the crash. During the Crash, I had stuck my head out and said two major things:
The first that the Crash was a good time to go out and buy certain companies that had assets and the second was that I still believed that real estate was overpriced across most parts of the country and needed to correct.
I was blamed for having stuck my head out and dissuaded this person from buying property. According to this person, he missed the boat as property prices are higher today. He was looking to buy a property for personal use. What a few people fail to realize is that when I speak, I speak from the point of view of an investor and nothing else. I ask myself, “Where will my money work the hardest and do what I want it to do for me?”
During 2008, had you invested the same money in select companies, let us say an Indian Hotels which was even shared very publically in Cash The Crash and say alternatively invested the same in real estate anywhere in the country – ask yourself which would have given you better returns? With Indian hotels you would have easily made over 100%, with much less risk. I would request each one of you to look back and decide for yourself what is right and what is wrong.
Of course Indian Hotels was just a small example, there were many more and there will still be many more. Real estate is a great way to create wealth, no denying that, but you need to be aware about it. It isn’t as easy as just buying just because everyone around you is telling you to buy.
Even as a small child, I used to be interested in learning about money and investing. In those days there was a lot of talk of Japan and its rising power. The Japanese real estate bubble lasted for almost 4-5 years continuously, where at a time the real estate of just Tokyo city was worth several times the GDP of America. Today even after twenty years real estate prices have not risen in Japan.
Indian real estate is not the same as Japan, we still have a long way to go across smaller cities – but in select pockets like let us say a Lower Parel in Mumbai, we can surely see a mini-Dubai in the making. I am saying this because, I have no vested interest. We don’t have developers pasting full front page ads on our blog telling people they need to buy their real estate. A lot of people have wanted and still want to advertise on our blog, but that isn’t something we accept and we never will. Lower Parel was certainly a good buy, but ten years ago when prices were Rs. 2500 a sq ft and everyone had ignored it.
I knew Dubai real estate was a bubble four years before it actually burst. The thing is for a bubble to burst sometimes it can take a few months or sometimes even 4-5 years.
Unfortunately most common people who have not had experience with the practical world of finance and investing, fail to understand what really is happening. Today they panic when after a year or two they see prices being artificially inflated. They feel a sense of helplessness that forces them to take heavy loans and sacrifice their financial future and freedom.
Don’t worry about that small apartment, think about how you can grow your existing wealth so you can have what you truly desire without the burden of debt. Wait for the right time patiently and it will come. When the time is right, it will happen.
If you don’t agree with our message, you are free to leave the Happionaire way. We do not need people who are easily brainwashed by propaganda and can’t think independently for themselves. We want each and every person here to be here because they have an internal desire to be here. They have a voice inside them telling them that they should be here. But I know all those who leave and get carried away by propaganda, will look back five or ten years from today and most certainly come back.
Day traders, futures and options gamblers, currency and commodity speculators and all such people will realize sooner or later that the only person they are getting rich is the broker.
There are lots of things that are hidden from the masses today all over the world. When we meet, I shall share more about such things. The way the forces of Capitalism are working are very incredibly indeed.
Keep learning, having fun and smiling!
Yogesh ChabriaWe Need You