we will look at some of the most common myths that people hold with respect to real estate. Myth 1: Land value never goes down. This is not true. Like any other market, there is speculation in the real estate market too. Say that you expected a software technology park to come up in your suburb, but for some reason the government did not give permission for it. Real estate prices will drop. There have been many real estate bubbles and crashes in history. Even within India, almost every day, there are corrections in some local market or the other. What is true is that land value will never
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