New idea
by Gurudutt verma on May 01, 2007 04:01 AM Permalink | Hide replies

Hi

We bought a house for 1,80,000 Rs. in year 1992.
We paid 30000 Rs. and took loan for 150000 Rs.

We were paying 1979 Rs. per month as loan installments

We rented out this house for 1400 Rs. per month.

We sold that house in 2002 for Rs. 4,50,000 Rs.

and bought a big shop by adding some more money.

How is this ?
make property without risk.

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RE:New idea
by Kamalaksh on May 01, 2007 08:50 AM Permalink
This may not happen everytime. U were lucky. Imagine had u brought a house when real estate prices are high and if u wanted to sell it and the prices come down.

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RE:New idea
by Gurudutt verma on May 02, 2007 05:16 PM Permalink
It is possible that real state prices may go down, but ofcource it's more stablethan stock at least.

If people can trust stock then why not real asset.

I have never seen if prices of real state goes down except some exceptions for e.g. earth quake

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