RE:response
by Anamika Bhatnagar on May 01, 2007 12:09 AM Permalink
I think sometimes the cycle of paying loan over a period of 20 years may be broken if one goes abroad and earns...exchange rate can help substantially reduce the loan payment...conversely, in a place like london, where property prices are so high that one can't even think of buying property simply because it is out of the reach of a low income earning person...so people prefer more to live on rent rather than building assets...it is easier to survive in this country if you don't think of buying property...
