Fred, What exactly is "need" based buying? Who determines who needs and who does not need? Furthermore, are you really sure you are really reflecting the views of the "local" side? What about the locals who wants to sell their property at the highest price possible? Why do you wish to restrict their rights to get the best deal possible?
Instead of promoting rather arbitrary laws that seek to restrict individual freedoms, the better approach would be to push for a system that provides greater clarity and transparency to all the parties. Everyone who has bought or sold property in Goa (perhaps this applies to India in general) knows that there are two books - official and under the table. Accurate official statistical information on parameters like prices is an oxymoron and ownership rights are byzantine. Conversely, there is much data from around the world (as well as within India) to suggest that your rent and price control schemes do not work, for they only serve to choke long term supply in the affected market. Marlon --- On Sun, 6/28/09, Frederick [FN] Noronha * फ्रेडरिक न <fredericknoro...@gmail.com> wrote: > You guys talk about "local thinking". But what about "expat > thinking"? > > Isn't it strange that nobody sheds a single tear for the > many Goans-in-Goa > who can't afford to buy a home after working hard their > full life here? And > the expat/foreigner/non-resident buying of homes is only > pushing up > speculation (not need-based buying) in the unreal real > estate sector. > > It all says something about our attitudes, values, and > which side we choose > to take! FN
