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Most of the landlords are not the IT guys mind you. They are mostly the former farmers who have held large pieces of land around towns. I don't know about Banga

Most of the landlords are not the IT guys mind you. They are mostly the former farmers who have held large pieces of land around towns. I don't know about Bangalore, but farmer communities around Delhi have grown rich by coming together as vote bank and getting compensated multiple times for the same pieces of lad they. > Also you don't even have to go that far, even in the 1990s, during the peak of onsite-money techies in Bangalore were swimming in, most currently high valued properties in the vicinity of ring-road today were available for almost free(Comparative to IT salaries of the day). How many were employed in IT during that time? As far as I remember, IT scene exploded circa 2000 onward when likes of TCS, and Infosys started recruiting via truckload. Like 75 - 200 rupees/psqft. You are implying that every single IT guy had the opportunity to earn mighty. Those few who had the opportunity have done exceptionally anyways but that is a minority. > Most of the crowd either does not have what it takes to think in terms of such long durations of time. Yes hence they think of the short term i.e. earning as much as possible via whatever means necessary. My original comment was an answer to GP's moralistic attitude. If that 18 year old kid wants to be a Doctor to earn as much as possible that is because he has seen dumb ass people around him getting richer. How that is any immoral then someone profiting insanely from something their grandfathers hoarded?

kamaal 8y ago
>>Most of the landlords are not the IT guys mind you. Yes, that exactly what I'm saying. If you have a 20+ year timescale you don't have to earn very high to make these investments. >>but farmer communities around Delhi have grown rich by coming together as vote bank and getting compensated multiple times for the same pieces of lad they. They have a right to. Getting rich isn't exactly a crime. >>How many were employed in IT during that time? As far as I remember, IT scene exploded circa 2000 onward when likes of TCS, and Infosys started recruiting via truckload. Like 75 - 200 rupees/psqft. Plenty. There was also Gulf money. The real issue is, again, very few people can think on a 20+ year timescale. >>You are implying that every single IT guy had the opportunity to earn mighty. To be super frank with you. These were throwaway prices even back then. Most investors turn out be people with retirement money, many times Auto drivers, small kirana shop owners etc. Which is why there is so much resentment now. There are people who had 100x advantage over these people, and there has been drastic reshuffling of seats. >>If that 18 year old kid wants to be a Doctor to earn as much as possible that is because he has seen dumb ass people around him getting richer. There is nothing dumb about making long term investment decisions. >>How that is any immoral then someone profiting insanely from something their grandfathers hoarded? Nothing immoral going on here. Somebody decided to work hard, invest in lands, and ensure their grandkids are well off. If you don't want to invest and do all this, it's really your choice. Why do you suggest others make the same mistake?
- drieddust 8y ago
  > Nothing immoral going on here. Then we agree that moralize the choice kid is making is completely uncalled for. Capitalism is driven by greed of money so bringing any other criteria except money does not make sense unless it is applied uniformly.

kamaal 8y ago

>>Most of the landlords are not the IT guys mind you. Yes, that exactly what I'm saying. If you have a 20+ year timescale you don't have to earn very high to make these investments. >>but farmer communities around Delhi have grown rich by coming together as vote bank and getting compensated multiple times for the same pieces of lad they. They have a right to. Getting rich isn't exactly a crime. >>How many were employed in IT during that time? As far as I remember, IT scene exploded circa 2000 onward when likes of TCS, and Infosys started recruiting via truckload. Like 75 - 200 rupees/psqft. Plenty. There was also Gulf money. The real issue is, again, very few people can think on a 20+ year timescale. >>You are implying that every single IT guy had the opportunity to earn mighty. To be super frank with you. These were throwaway prices even back then. Most investors turn out be people with retirement money, many times Auto drivers, small kirana shop owners etc. Which is why there is so much resentment now. There are people who had 100x advantage over these people, and there has been drastic reshuffling of seats. >>If that 18 year old kid wants to be a Doctor to earn as much as possible that is because he has seen dumb ass people around him getting richer. There is nothing dumb about making long term investment decisions. >>How that is any immoral then someone profiting insanely from something their grandfathers hoarded? Nothing immoral going on here. Somebody decided to work hard, invest in lands, and ensure their grandkids are well off. If you don't want to invest and do all this, it's really your choice. Why do you suggest others make the same mistake?

drieddust 8y ago
> Nothing immoral going on here. Then we agree that moralize the choice kid is making is completely uncalled for. Capitalism is driven by greed of money so bringing any other criteria except money does not make sense unless it is applied uniformly.