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the comparision should be for the same house
by Michael Thomas on Apr 30, 2007 05:39 PM   Permalink

the analysis should be done for the same house..

so the above analysis is relevant only if a property bought at 25 lakhs fetches a rent of Rs.13500 today...

if that is the case.. then the EMI is 22k for own house.. so a guy who rents saves around Rs.8500 every month... if he put this into a investment then that earns a person a lot... imagine what can be done if you put into a good investmnet options here... plus no maintainance cost of rented house...

the guy who has bought a house is locked into his EMI cycle while a guy who hasn't has flexibility...

he can go for the house with nice balcony if he wishes...






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Buy a house or stay on rent?