Either Auther is fool or he is making us fool. In the second case at the end of 20 yrs we have a asset of worth around 2cr (assuming that after nearly 7yrs property rates become double).therfore after 20 years actually we r creating a wealth of 2cr-0.74cr i.e. 1.26cr. BUt in the first case we r just spending 0.46cr and getting nothing. moreover the peace of mind we r getting of having ur own house is nowhere to compare. therefoe buying own house is always a good deal
RE:making fool
by Vivek Kumar on Apr 30, 2007 05:15 PM Permalink
I think you are repeating the same thing what has been mentioned in the last few lines of the article. Please read it again.
