Home › Forums › Housing › Days on market vs. price expectation › andymajumder wrote: I am from
[quote=andymajumder]
I am from India and trust me there are lots of really wealthy folks in India. I would say 0.1% of Indians are really wealthy, with net worth at least 10M+, that would be around 1.2M people. [/quote]
I’m not so sure about this, unless things have changed quickly. Last summer there were 14,800 multimillionaires in India (defined as having assets over $10 million U.S.) according to this article: http://articles.economictimes.indiatimes.com/2014-08-06/news/52514243_1_millionaires-india-home-russia-and-india
That would result in a rate of multimillionaires in India of .0012% You are off by a factor of 100.
