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RE:But after paying EMI house become the owner
by bv srinivasarao on Apr 30, 2007 06:54 PM

are subbrao,
u see current trend in bangalore and hyderabad for fast five years we saw gorwth 50 to 100 %. i am sure this will not happen every time. thats why I assumed 10%, if not 10% just assume 7%.

NOTE: If you don't belive atleast 7 to 10% annual growth. so then these calculations are not suitable to you.
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House Initial cost      2500000      
House cost after 1 year      2675000      Assumed yearly 7% appreciation
House cost after 2 years      2862250      Assumed yearly 7% appreciation
House cost after 3 years      3062607,5      Assumed yearly 7% appreciation
House cost after 4 years      3276990,025      Assumed yearly 7% appreciation
House cost after 5 years      3506379,327      Assumed yearly 7% appreciation
House cost after 6 years      3751825,88      Assumed yearly 7% appreciation
House cost after 7 years      4014453,691      Assumed yearly 7% appreciation
House cost after 8 years      4295465,45      Assumed yearly 7% appreciation
House cost after 9 years      4596148,031      Assumed yearly 7% appreciation
House cost after 10 years      4917878,393      Assumed yearly 7% appreciation
House cost after 11 years      5262129,881      Assumed yearly 7% appreciation
House cost after 12 years      5630478,972      Assumed yearly 7% appreciation
House cost after 13 years      6024612,5      Assumed yearly 7% appreciation
House cost after 14 years      6446335,376      Assumed yearly 7% appreciation
House cost after 15 years      6897578,852      Assumed yearly 7% appreciation
House cost after 16 years      7380409,371      Assumed yearly 7% appreciation
House cost after 17 years      7897038,027      Assumed yearly 7% appreciation
House cost after 18 years      8449830,689      Assumed yearly 7% appreciation
House cost after 19 years      9041318,838      Assumed yearly 7% appreciation
House cost after 20 years      9674211,156      Assumed yearly 7% appreciation


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Buy a house or stay on rent?