I have 2nd home - i paid 2 L downpayment 2 Lac is loan for which EMI is 2700 and i get only 1200 rent. Deposit is 12000 and it gives 960 per year interest. On top of EMI, I have to pay maintenance charges of the house
No where in world EMI will be equal or smaller than rent. OTHERWISE EVERYONE WILL HAVE 2 HOMES. AND NO ONE WILL TAKE ON RENT AS TENENT CAN ALSO BUY OWN HOUSE BY PAYING RENT AS EMI.
Stop misleading people
I am finding most of articles on Rediff are now nonsence
