It is expected that REIT may change the dismal scenario to some extent.
Non-violence is the greatest Dharma; So too is all righteous violence.
Because of this these educated middle class people are moving towards mutual funds and stocks. But I don't know how long it will continue. The share prices of small small companies operating with marginal profits are also increasing. What may be the effect. Wait and watch.
When the question is posed , then it means that educated people were earlier in real estate business.
I do not think so.
Education and entrepreneurship are two different things.
In my life I have not seen the real estate brokers or the real estate investors to be much educated or can fall into the so-called educated group. They were and are mainly people who could sense busies and look for profit giving opportunities. Many things have to be overlooked and even ignored and violated. Not all can or will do that. As most educated people are taught to comply norms and rules and regulations, and get into employment where there is a need to comply rules and regulations they are habituated to a risk avoiding life and keep away from risky ventures and gambles.. They may also not have the required money to invest in real estate which sometimes can be a gamble.
Unlike real estate dealing with stocks and mutual funds can be done in the cosiness of one's home and office. So the educated people who are now tech savvy or computer savvy prefer to deal with stocks and mutual funds.In relation to real estate they are more liquid also.
'Idhuvum Kadandhu Pogum "
Even this challenging situation would ease
Previously real estate was a charming asset class for both educated as well as uneducated but that trend is changing among educated ones.
The other day someone who is not formally as educated as me was advising me about the benefits of investing in MFs which he is doing with the help of a stock broker/ financial agent as the bank interest have come down much. He knows that I had some banking background and knows that I am loyal to bank deposits. That is why I said that education is not the criterion for investing in MFs. It is the knack of sensing where profit is.