Don't buy a home now!
by SK Iyer on Dec 10, 2006 06:33 PM
Investing in flats, looking to the present price situation, is not at all advisible, for, the EMIs will eat away one's earning for 15 to 20 years (almost till retirement), which otherwise can be turned into savings by wisely investing in MFs etc. A realistic approach to one's future is more important than a flat at 30 or 40 lakhs. Better to live free of loans and save for future. The only problem is shifting from one rented house to another. But it is okay for me.
