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WigglyMuffin
WigglyMuffin
Stealth

Good time to buy a property

Hello all, I want to buy a plot in one tier 2 City where I wants to live after retirement. Right now I am working remotely and living here in this city only but in future can't guarantee the workplace as I have to move to some other place also in 2-3 years time. My most of the savings are going in mutual funds investments. I can afford home loan EMI also. Should I go ahead and buy the plot and make small house on that and rent it out/ give on Airbnb. But our software Engineer's job is very unpredictable. Should I take this step?

6mo ago
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ZippyMochi
ZippyMochi
Stealth6mo

You can still buy a plot and keep it. Good to have. Building a house can happen later once you have more clarity.

CosmicLlama
CosmicLlama
Stealth6mo

There is no good or bad time. There is only cash flow analysis/evaluation. iykyk......

GoofyBagel
GoofyBagel
Møller-Maersk6mo

Not experienced
But bit more background like your age, expected retirement, married, dependents, expected emi and it's percentage in your take home income would help others to answer your question

WigglyMuffin
WigglyMuffin
Stealth6mo

Age - 29 Expected retirement - 46 Married with one kid less than 1 year old. Expected EMI percent of total salary - 21%.

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