Get rid of the house that you bought ; quick and fast before the prices come down further. The yield on a house today is less than 3% as rent because there is no "real" shortage of houses as most purchases have been speculative. You would be better off putting cash in bonds/FMPs which give you 10 % interest. Buy property when the prices come down in the next cycle.
RE:EMI problem
by muthu arounassalame on Apr 09, 2007 02:32 PM Permalink
It better to sell house and stay comfortably in a rented flat happily instead of suffering with loan burnden
RE:EMI problem
by Central Excise on Apr 09, 2007 03:14 PM Permalink
Do you know that "land Maffia" is operating in real estate that will provide prevalent rate of your house on sale.S.k.Singh (personal view)
RE:EMI problem
by anil b on Apr 09, 2007 01:47 PM Permalink
HI Buddy ,
You are abosultely right .I sold my property when things were very hot and made a great profit .now the same property is languishing .many people who are suffreing are those who paid huge unworthy rates and they are paying the price for that act of foolishness.they are to blame for thier follies .real estate investments at such huge rates were downright stupid and hope people evaluate real estate like any other asset class .it is worth only if resturns are in the range of 15% per annum otherwise it is not worth the invetsment unless you have money to burn .
