On real-estate prices and rental yields

R Jagannathan, in a recent article, predicts an eventual crash or protracted stagnation/decline in real-estate prices in India. What the aforementioned article presents, as an indicator of a “bubble”, is the differential between rental-yields and secured bank lending-rates. Now, I do not know much about the nitty-gritty details of the real-estate market in India and I […]