i am getting a salary of 10,000/- in our city a small apartment of 800 single bed room costs 20,000/- can the author tell me what is the best source of buying a house, i am paying a house rent of 2,500/- for single bed room flat and my house is 15 km from my office, distance doesnt matter. can any one tell me to go for buying house or to stay on rent
RE:cannot understand the figures
by Freek Guy on Apr 30, 2007 05:58 PM Permalink
I think the best option for you is to jump from the city and find another job somewhere that pays off better. If you have obligation to stay on, then please dont go for a housing loan that will eat into ur pocket. Always keep your EMI's below 50 % of your earning. Esp if you are married and have a family to take care of, dont take up hard EMI's. What if you lose your job at least for some months? If you are a bachelor, then you shud be kicked to stay at Rs.2500/-. Go below Rs.1000/- for rent
