Are you interested in advising employees to pay heavy interest for the benfit of buying a house for their own.You have not mentioned about the prblems of maintenance and related troubles. every one in this country is at least aware of what they have to do with their earnings. Expert advise if some individual require please give. Don't render advise in common.
The article avails us with a very basic level comparision though they are all relevant but it misses certain important point such as appreciaton of asset, social security (ref: roti, kapada aur "makaan")etc..but nevertheless cheers for rediff on highlighting on more important issues rather than cricket and bollywood ash-abhi per se...
I think the author is a builder . Looking at low interest of people in buying a house due to unreasonable price coated by builders and high home loan rates, he his trying to deceive naive people by writing such a scrap article . I will advice him to come out of his imaginary world and write something meaningful next time.
RE:RE:improper comparision
by Sunil Bhandari on Apr 30, 2007 06:04 PM Permalink
the author may not a builder but the article looks like financed by builders. such sponsored articles are always one way trip to loss of ones life long savings. i suggest readers to be paid to read such stupid articles
Either Auther is fool or he is making us fool. In the second case at the end of 20 yrs we have a asset of worth around 2cr (assuming that after nearly 7yrs property rates become double).therfore after 20 years actually we r creating a wealth of 2cr-0.74cr i.e. 1.26cr. BUt in the first case we r just spending 0.46cr and getting nothing. moreover the peace of mind we r getting of having ur own house is nowhere to compare. therefoe buying own house is always a good deal
RE:making fool
by Vivek Kumar on Apr 30, 2007 05:15 PM Permalink
I think you are repeating the same thing what has been mentioned in the last few lines of the article. Please read it again.
Mrrediff what about maintainance cost, taxation and other expenses i n a own house. dont make stupid calculations . THe own house value gete depreciated and we dont know how laon payer will behave.Best thing is what is on hand today live to that level rather than becoming and creating assets and paly gambling to get goofed up sometime
RE:RE:OWN HOUSE OR RENTED ONE
by sumit gupta on Apr 30, 2007 05:15 PM Permalink
HA HA HA. this is a bit shit... tell me one thing how can u compare a house worth 25 Lacs and a rent of 13.5 K per month... Imposs!!! Basic assumption is wrong
propery should also be considered in case of option 2. It's known fact how much the rates have appreciated in last 20 years. Even at half of that appreciation should have been taken.
The analysis is sketchy and not complete. Now a days most of the jobs are transferable, or the person decides to move out from one city to another city or employer in a time period of 20 years. The whole number game then goes for a toss!
