wrong comparision
by Anshuman Chorera on Apr 30, 2007 04:56 PM Permalink | Hide replies

A house with rent 13,500 would not cost 25 lakhs. rather it would cost somewhere around 50 lakhs or more.

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RE:wrong comparision
by Vishal Dixit on Apr 30, 2007 05:08 PM Permalink
Right.

Also, in case of rent, one will get Rs.100000/- back. Thus total expense would be 3619303 and not 4619303.

Similarly, in case of buying (assuming 25Lacs property), one will get the his property appreciated to more than one crore.

The writer should have taken the appropriate example matching the rent of property (13500/-) & price of the same.

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RE:wrong comparision
by Badrinath Viswanathan on Apr 30, 2007 05:01 PM Permalink
Very True. These authors are trying make fool of people. Housing is a bad/risky investment if you are taking it on loan

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