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Should you buy a house or stay on rent?
by S Kiran on Apr 30, 2007 04:34 PM   Permalink | Hide replies

The author has played around with numbers. Statistics are like that, you can play around with numbers as you wish.

Most the people taking home loan, clear the loan or make pre-payments. So, they do not pay the amount estimated for 15-20 years.

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  RE:Should you buy a house or stay on rent?
by Manish Mishra on Apr 30, 2007 05:05 PM   Permalink
one more thing, author no where is considered changes in HOUSING LOAN interest rates. Few year back interest rate was lower but demand was less but rates are higher also demand is more.

Here nothing is explained in this context. Some flat and fancy numbers have been explained. Market will never stable, hence these formulas will no longer stable.

I can understand these figures as predictions...

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Buy a house or stay on rent?