When Your Rich Dad Buys You An Apartment Meant for Poor People
Ester Bloom

The HDFC rules are so strange. They have income limits, but not resale price limits. They are priced lower than “market” rate apartments becuase the resale restrictions are a hassle for sellers — I put market is scare quotes becuase they are themselves their own market. So they bascially *exist* to be sold in exactly Kendall’s situation: someone with a low(slash reasonable?) income, but cash on hand to buy. And as long as the cash available to this group of people increases, the price of HDFC units will increase.

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