Indian sub(?)prime...

well, i have a thought to share...not mine in its entirety, had some inputs from some other writing, but sure added a few insights into the issue...it can be a rather long post if I get into explaining the finer aspects....but lets keep in view tht its already into the wee hrs of mrning as they say.....and I want to keep it concise (:P)....
LEARN SOME LESSONS FROM THE US SUBPRIME CRISIS...rather sleazy ain't it....this bold-case writing....thats a literay stunt either...at its most basic/fundamental level, the US subprime collapse is just a correction or "prevail-of-sanity"......the whole idea was loud and based on erroneous/extravagant assumptions which ought to come false....someone bet a bit too far on the salary he would draw to pay the EMIs for a long-long period..and that just dint happen......a major hike in salary after the initial 3 yrs. period did not comeby and to add insult to injury (blame my lack of English language phrases - ok..lets say..." to add excessive water to dough during extreme poverty/paupery"), the house prices also plummetted...and that meant an overall negative equity and no refinancing and similar stuff.....but why m I writing it all here when its common knowledge now.....just to say that - "such a strike is very much a possibility in the current Indian scenario either".....how..? well, those INR 75 lakh appartments ppl. are buying, I presume are based on EMIs mostly rather than any cash....and who knows when the US service jobs would dry, leaving the EMI payments into quandary....then the house rates (artificially ballooned now by the builders) would witness major slashes..no buyers for the flats if u wanna get rid if the EMIs then by paying-of the loans...or selling at much cheaper (rather corrected) prices......m not trying to profess anything or lessen the enthu. of someone whoz just bought one such flat....but then, its a possibility mann.....so rather spend within ur limits (or rather, dont bank on heavy EMIs).....

and its all just very haphazardly written I would agree......there is more sound logic behind the argument I propounded.......lekin baanki kabhi baad mein..abhi sote hain bhailog....