The above saying is not fully incorrect. In fact, the option of purchasing land is not a bad idea in any sence, as there is no depreciation for Land. However, it seems that one should think twice while investing on house. Its value depreciates year after year. Moreover, if you intend to live in your own house, you have to spend substantial amount of time and money for its maintenance, which aspect is not focussed in the article. Even the contruction itself is a much time consuming and mind boggling excercise. Does it worth that much of stress and strain? Do we intend to live in this world for an infinite period? For many, house is a liability than asset, which demands looking after, which demands presence and which demands time energy and money in many forms. Many salaried people have to find tenants for their house and live near their working place in a rented house. The amount they get as rent is much lesser when compared to , even the intereset of amount they had invested for construction. Many fools have built houses and they are waiting for tenants. Pay and dwell . Fools construct house and wise men reside- Is it correct?
