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Comment by dingo_bat | Hacker News Reader

It's not a bubble if the economy is growing at the same or faster rate, though.

It's not a bubble until it is. Supply and demand must be considered besides money supply.

For those who think "real estate" is a sure bet to high returns, we've been there and done that before, even for emerging economies. If you really want to know, look at home rents vs. home purchase prices, those will never lie.

True enough, but is your part of India experiencing much faster growth than the country at large? Because the Indian GDP growth rate seems to be hovering fairly stably around 7%.

I think you're right. My family doesn't stay in one place for more than 7-8 years. We always move to wherever there are better jobs, etc. So my "part" of India is wherever there is most growth.

Are wages increasing at the same rate? Or is the new wealth just flowing to the already rich?

https://m.economictimes.com/jobs/india-to-have-highest-salar...

Average salary increase of 10% sounds like it somewhat answers what you were asking.

Here's another relevant tidbit:

https://www.livemint.com/Money/5wpK2P8H02D3ujDFYHzfBI/Number...

Anecdotally, in my company, an annual salary bump of just 10% is considered a punitive action.

Edit: looks like the wealthy are getting more wealthy and the poor are getting more wealthy, but not as much.

If the economy is growing faster than 6% a year, you probably want to buy some stock!

For sure!

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