I think example taken here for rent is wrong. "Rent per month Rs 13,500" is in a Hi-fi area where purchase of property is not possible at 25,00,000. So u need to adjust this equation by actually considering only one area for buying and renting the house. You will see that the rent is a good option then.
RE:Buying property
by ganesh ramanathan on Apr 30, 2007 06:11 PM Permalink
Having your own house implies if you are unemployed in your old age you can stay in your own house but not in a rented house , here we assume you have fully repaid your loan , HENCE OWN HOUSE IS ANY DAY BETTER THAN RENTED HOUSE ganesh
RE:Buying property
by Anto Giscard on Apr 30, 2007 06:41 PM Permalink
yeah..even in Chennai Suburbs you can't now buy a house/apartment worth for rent of 13500 for 25 lcas.
