Living in a “socialist” country and having heard slogans like “garibi hatao”, nationalisation, etc. there was some chance that RBI governor does not believe in market economics. But USA? Aw, come on Ben has to believe in free markets, or so we thought. No. He does not. He comes up with aspirin for patients who […]
Many of my clients have a problem which they think is unique. This problem is called “Anchoring”. It means you have heard (or seen) about transactions which have happened at a particular price, then they expect that price for their real estate. Let me explain. I have an office space in Mumbai bought for Rs. […]
I know this may sound sacrilegious, but the housing loan (mortgage) interest deduction is the most over-rated tax strategy in existence. I constantly hear happy “homeowners“ boasting about how much money they “saved“ with their mortgage interest deduction. Asking your boss to reduce your salary would perhaps have the same effect. If you are […]