people who are taking home loans are not fools they know that it is also a investement when ever they required money they can make good money by selling it
RE:home loan
by rakesh raina on Apr 30, 2007 05:20 PM Permalink
The writeup is quite unrealistic. Wher ia a house in a metropolis costing 25 L which will fetch 13500/- as rent? Secondly what will be the cost of the flat after 20 yrs the author has not imagined at all. People are thronging into the metropolis and prices will shoot up beyond imagination. I wish prices stop sooting up, wish everybody owns a small place to live, but this seems unlikely to happen as the govt. is riding a pro capitalist policy. Poor are getting only poorer by the day and rich getting richer.
RE:home loan
by Himanshu Srivastava on Apr 30, 2007 05:46 PM Permalink
rakesh, i'm a resident of mumbai & currently own an appartment worth rs 20 lakhs; it has been put up on rent of Rs 10,000 per month. the numbers assumed are perfect for a city like mumbai. the author has also clearly mentioned that the asset value will grow over the years. better get your facts right & read the article carefully...
