Is Property verification guarantee for real?

Repost from the original

Did you know that Khatoni property verification guarantee is the next best thing to Title insurance that you get in USA?

At khatoni.in we have a simple promise; we treat your property as our own. This means:
1. We will verify the ownership claims of the seller
2. We will verify if the property is DC converted properly
3. We will check for any claims/notification/pending litigation
4. We will check if the certifications /permits are in order
5. We will check if the construction is as per the master plan (the seller has not encroached or constructed illegally or the neighbors have not encroached on your property.
After the verification, we will provide you will a detailed report on the defects. Help you mitigate your risks; even negotiate better with the seller to compensate you for the deficiencies. However if our services were not performed properly and you suffered from a loss because of it, WE WILL INDEMNIFY YOU. We will not only cover your loss (capped to the transaction value) but also associated legal fees (lawyer & court fees included). After-all derelict of duty should be harshly penalized and our risk should not be capped to the verification fees paid.
Why don’t you give us a call to understand our services better?

House vs Car: Resale price

Repost from the original

Did you know that the re-sale value of a car goes down by 15% by the time you take your first ride home? I thought property is forever, but recently I have discovered that apartment prices are different when the seller is a builder vs. seller being an owner. The difference in price could be 10-15% on per square feet basis.

Furthermore, anybody who has sold/bought a second-hand car would agree that optional features like alloy wheel, music system with woofer, Stanley seat covers get a fraction of the value when we sell. In a house second car park, vitrified tiles, modular kitchen, bathroom fittings are given away for free with the property. WHY?

George Akerlof in his paper “Market for Lemons” contributed it to price asymmetry. Unlike the builder, the owner does not have all the documentation & permits in proper order. Most owners list their property just to understand what it is worth and do not have any serious intention/pressing need to make the transaction. This makes the resale property transaction messy, long drawn and prone to last minute surprises. As a result nobody buys the houses unless they are priced cheaper than prevailing market price.

We at Khatoni.in are there to bridge this gap. We help buyers offload all their headaches of document verification to us. We even guarantee the quality, meticulousness and completeness of our property document verification with doorstep pickup and drop. This allows you to pick your chosen home at the cheapest possible price.

This post is in continuation of my previous post on the same topic

Oil: Saudi & US

Last year when oil prices were falling and threatened to reach lowest in the decade, everybody was blaming Saudi. Saudi officials went on the record asserting that “Stone age did not come to an end because we ran out of stones. Same is the case for Oil Age.” Fancy words to say Saudi is going to continue to pump oil and flood the market irrespective of the prices. Since new oil rigs had primarily opened up in America, they projected themselves as victims.

However this latest deal with Iran has raised some interesting questions:

  1. The deal primarily allows Iran to sell oil in the open market. In the short term the oil prices fell by $1.5-2 per barrel and are expected to go down even further. By adding a new oil producer, they essentially are sealing the fate of the new oil rigs that opened up in America.
  2. Most Middle East oil sells at Brent, but Americans sell at WTI price, which trades at $5-7 discount. The reason for this discount was American policy which prohibits export of unprocessed crude oil.
  3. Cheaper energy usually benefits mass production and long distance freight. So it benefits Chinese industry much more than it does to American economy.

Everybody at that time believed that new oil rigs, fracking, sand oils had caused a glut in the market. US from being an importer of crude has become an exporter of crude. What is worse that this transition happened in the winter season where the oil requirement for heating/furnace goes up substantially.

But if this was the case and oil lobby is really as strong as they are projected to be, then how did this treaty got ratified? Iran has a history of reneging from its promises, so I doubt if this has a long term benefits. However in the short term issues 1 and 3 got worse and issue 2 did not get resolved. I am sure there is a logical & strategic reason behind all this, but I know for sure that the reasons that were citied 6 months ago were all farce.

Cost of working Saturday

A friend of mine was offered a job offer, where the total annual compensation remained the same, but the working hours were reduced drastically (from 60 to 40 hours a week). Normally such an offer is attractive only for someone is on the threshold of being burned-out, or as a last ditch attempt to save the marriage or a female/male who is guilt ridden for not being able to meet social/family commitments/obligations. Unfortunately he is neither of the three, yet should he seriously consider the offer. What is more important your annual salary or what you make per hour?

On the face of it seems like a career suicide. Being busy, frequent international travel and long distance telephonic meeting are considered as telltale signs of a power executive. Power executives are destined to stock-options, early promotions and insane salaries that we read only in the papers. In today’s world where even colleagues don’t understand what the other team does, working longer hours is the only conclusive quantitative metric to evaluate the most valuable employee. So trading all this for a quieter life, means giving up on the race to success.

Tele-commuters or part time employees often are last to get promoted, first to be fired and receive the smallest increments in the team. Many employees work long hours to get job security, a signal that it will take two guys to replace them and so rather than replacing them with a younger and cheaper talent the management will have to shell out two salaries. No wonder so many people sacrifice their evenings & weekends to professional life even though they get no overtime or incentives.

My friend understands that any job switch comes with a transition cost. Inflation correction/annual increment clock is rest (loss of ~5%), plus another 10-15% of the loss in bonus/performance (existing employer often does not pay up for the existing part of the financial year and new employer will pay pro-rata/reduced pay out), add to it the relocation and other transition related expenses. So even with a matching pay, for this financial year, savings will take a major hit.

Most people still will look at annual salary rather than how much they are compensated for every hour they work. There is no doubt that Indians, Chinese & Asians in general work longer hours than their counterparts in Europe, America & rest of the developed worlds. Add to it the longer commute time due to congestion, meetings at odd hours and travel, the work-life balance is heavily skewed towards work. WHY is it we attach no value to our weekends, spending time with our family, pursuit of hobbies?

Germany & Euro | Cull the strongest

Today the age old: Happy go merry grasshopper & hardworking ant story has a different ending. The grasshopper is no longer considered as a fool who did not save for the winter. Instead it is projected as a smart shrewd businessman who made the most of the summer and when the winter came got some bail-out funds, long term soft loans and sympathy for its cause. Instead the hard working ant is projected as a monster that has everything and is not willing to share. The question is; how long will ant tolerate being taken advantage of?

Today the question in the street is “Will Greece still be part of Euro Zone?” However, my boss asked me a different question “Will Germany continue to be part of the Euro Zone?” His rationale is simple: There is a limit of how much the strong can sacrifice for the sake of his friends and family? After a while they will be forced to pack their bags and go elsewhere. When the companies decide to downsize it is usually the strongest who take the first leap. The weak and incompetent understand that status quo is good for them. Hence they will put up unions, trade barriers, contract clauses and what not.

No doubt every member of the euro zone benefits from the integration. Common currency & free movement of people and trade has greatly benefited Europe as a whole. Since the great depression, Germans have been strongest advocates of common currency & free trade across continental Europe. However in any partnership there are some who get more than they invest and some who don’t. Most of the times, we accept that thinking we are better off through a partnership. However for how long?

Greece, Spain, Ireland, Italy and Portugal all seek assistance from the Europe central bank. Shutting down the banks & ATM is Greece is a good negotiating tactic. By showing weakness, they are able to get huge public sympathy. It is hard to negotiate or dictate terms on someone on the verge of starvation after all. The current level of debt will take two generations or more to repay. Hence restructuring & extension in the principal payment timelines is only procrastinates the problem and not solving it. Write-off is a more permanent solution. However it comes at a considerable expense to the rest of the group. Can countries perpetually continue to sacrifice their self-interest in the name of cohesion? Rewarding bad behavior and fiducially over-indulgent spending will only encourage it more?

I find Euro as an interesting experiment as it allows me to observe India closely. At the time of Independence India had over 300 different princely states, over 3 dozen of different languages and scripts, countless dialects and religions and cultures. Through an iron fist the country was forced to be united under a single umbrella currency & government. Euro unification is happening slower & with consent and this experiment is giving some unique insights. India too has states that are mismanaged and in perpetual debt. GDP deficit at the state level is in double % digits and many states are a perpetual drain to the exchequer. Whatever happens to Euro might as well happen to India. Interestingly Euro, like India does not have an exit policy.

Abusive relationship

Most people are looking for a loving and caring equal. Someone who not only understands them but complements them and make them feel whole. While an abuser is dreaming of having a woman that meets all of his needs, is beautiful at all times of day and night, has no needs of her own and is in awe of his brilliance and charm. He desires a woman who will cater to him and never complain about anything he does or darken his day with frustrations or unhappiness about her own life. Although abuse of a woman is not the goal, control certainly is. He then finds himself using abuse to gain the control he feels he has the right to. In short the need is there to have a doormat, a fixture in the wall, a trophy wife, the needs, desires and sometimes even the life of the person is of no consequence.

Abuser is not a monster; they are dark individuals that take pleasure in manipulating others often for no reason whatsoever. Some even hide behind religion, cultural notions of male role model, breadwinner or guilt of their spouses to feed their dark fantasies. Many of them were bullied or made feel inadequate repeatedly during their early development and oppressing is their way of coming back. By the time they grow up, the boiling unmet needs and wrong role models send them into an automatic mode. No wonder such men are usually very possessive and jealous. You are not treated as a fellow human but as a collectable, a property that they own. I am OK with pain, hardship or not getting what one deserves, but being subjected to ridicule and cruelty for no reason confuses me.

Many of them will pamper you, shower with gifts and generosities to the extent that it will make you feel uncomfortable. Just like a lamb is fattened before slaughter, you are being made to feel obliged to comply in whatever unreasonable demands that follows. Some will encourage you to share their past, any mistakes ones has done or things you are ashamed of. They give you a false sense of comfort to share, but unlike a life-partner they will use it against you. They will feed off your vulnerability, manipulate you and sometimes even force you to do things that cause you to lose any iota of self-respect and dignity you have left. A sense of obligation & guilt trap are two tools whose net you will never be able to break free from. You would be made aware and conscious of any defects in your hair, body, breasts, height or any other deficiencies that they find to kill your self-confidence away. There is a lot of damage a partner can do without ever getting verbal or physical and they will exploit every trick in the book.

Nothing will ever be their fault. They might have a string of past relationship, but all of them only would leave them bitterer than before. They have not learned anything from them, and yet demand you to worship them as god’s gift to mankind. You will be repeatedly reminded of your deficiencies or aging, but the same rule does not apply to them. Sometimes when valid reasons or pretext are exhausted, you would be made accountable for their failings in professional life and in the society. Most abusers are jealous, insecure and possessive. They will try to limit your contact with the outside word and might hit you if someone else even smiles at you.

Forget the sweet stuff that was said during the courtship, the only escape to the harsh realities of the day would be when visiting guest. He will be sweetest and most caring person in the world. This is done only to discredit you if you ever complained. All the people will think see how caring, rich & successful he is. Look at the expensive jewelry, gifts, exotic vacations he has showered you with. Nobody will believe that you are used as a mere sex doll. Required, forced or even raped into giving a fellatio and analingus at the snap of his fingertips. After the act, you are expected to curl up into a ball and disappear in a closet of something. A lot of mental conditioning

Forget the words like consensual or willingly. In a relationship we often give a lot of power and control to our partners. Some can misuse this power to harm you or even brainwash you into losing your self-respect. The question one needs to ask is: “Are you better off without him?” A healthy relationship allows the partners to share their thoughts and desires freely without the fear of being judged or ridiculed publicly. They prosper mentally, emotionally and physically during their partnership rather than taking pleasure on degrading, ridiculing, manipulating & controlling their partners. You will never develop the same level of trust with a self-centered pompous ass.

It is very hard to walk away from an abusive relationship. Some people equate walking away as writing off all the years they have invested in the relationship. They don’t realize that that time is past and will only give him more ammunition to tighten his fist around your throat. The fear of what friends, family and society will say only makes you more committed in hoping that he will see err in his means and turn into a new leaf. Such miraculous transformations happen more often in fiction. Things are worse if you have kids, joint property or social/family obligations to consider before you take a decision. However as Lord Shiva says, we need to unshackle ourselves from the legacy, the waste and corruption before we can take rebirth as new.

Coping with Guilt

It is easy to be guilt ridden and get into a self-destructive path. Even the idea & thought is as dangerous as the action itself. All I can say is that it is important for you to let go of the past. Our mind has a unique good & evil counter to ensure a balance. After every incident of evil or action that we are ashamed of, we try to commit a good to balance it out. Similarly after every good achievement, we like to treat our senses with an indulgence.

Most people go for the amnesia pill/drugs/alcohol; they remove all traces and forget it ever happened. Guilt is a monster that one can sweep below the rug but its ugly head will sabotage you in the future. Denying the existence only makes the demon stronger. Some people become religious & penance to cleanse themselves. In fact the purpose of religion is to give us mere mortal a tool to get rid of the clutter in our conscience and justify/rationalize some of our actions. Some people look for a distraction to keep them occupied and prevent their minds going astray. Some go for confession to come clean. I have known people going for kids and bury themselves with additional responsibilities so that there is no free time to morn. Others make sacrifices or give generous donations to cleanse their souls.

One is free to choose the coping mechanism that works for them as long they have been able to let go. I have seen relationships actually strengthen after an incident. People become more mature, take responsibility for their action. You can become more focused and if channelized properly you can use that past incident to get rid of whatever baggage you want to shed.

One unhealthy way is to rationalize their actions. It could be as simple as saying, “yeh to sab karte hai!” (everybody does that), or cite the celebrity/much revered person. Sometimes we rationalize our situation, often creating semi-fictitious restriction/problems/situations/dilemma which over-exaggerates the pros-cons of the options we had and try to get a moral sympathy. It is equivalent to create an external locus of control, where we are trying to justify our existence as mere puppets whose hands were tied. The worst kind of rationalization is to deny the victim claim to be human and finding flaws in the victims. Slave owners could preach religion & morality while beating & burning their slaves because they felt the blacks were nothing more than livestock. Terrorist believe their victims are infidels and hence cannot be judged with the same sense of morality.

The problem with these methods is that they tend to change one’s perception of the world, and hence alter the character towards the dark side. Many of these rationalizations are irreversible and they lower our standards for morality. A girl might think a thousand times before her first time, but after that the next thousand times happen without batting an eye lid. Anybody can brainwash themselves or find a book/leader that could do it for you. The question is it what you want?

The way I see it, everyone has three choices, a) they can continue to be tormented by the demons of their past; b) accept them and work towards making amends and moving on; or c) drift towards the dark side by rationalize the past and making friends with these demons.