It is not the usual society rule, but I have had this longing of own house.
Childhood was spent I government house, adjusting with members of family.
Now I am earning fine, will have 20% of loan in liquid cash by end of year.
But I also have practicality now. No fancy house are spared in these rains, there are so many repairs - one thing is repaired, second one goes down then third then fourth, bigger the house more you have to clean - wtf is this dist coming from, then you have asshole neighbours. And be scared what if there's a fire, robbery, calamity.
I had just one dream, but really rethinking the whole plan now. So lost to be honest.
Pro tip : If you are planning to buy house with 20 -25 years timeframe, AVOID... Job scenario is going to change drastically after 5 years.... Especially if you are in private sector. Govt employee can go ahead with their plans as usual...
However if you think you can afford a home right now or with loan of timeframe less than 7 years....tou can go ahead with it...
Thank me later!
Purchased a few properties this is my experience. The hotel that I own I like to stay in the room itself most of the time… cleaned regularly can take anyone there and go to home once in a while to meet parents. In the hotel I can bring anybody and they don’t know where I live is a plus
If you rent for life, you'll still be able to live in desired places at a lesser cost (comparing rent vs EMI). You can change every few years and that ways, you'll have the luxury of novelty too.
Downside is that you won't have a property to pass to your next generation in your will.
But seriously, is that why you should buy property? I think not.
Okay, next gen idea is not my tea.
Owning a house is definitely not financially sane but it has the cushion if things go haywire in life. I don't want to be a crybaby and run to my parents in such a case. It also cushions when separation from spouse (I'm thinking too far here, but facts)
A rented house will be cheaper (considering EMIs) if you need a cushion in life when things go haywire.
Same for an unfortunate situation of separation.
Considering the loan tenure of 20 years, it's going to stay for a longgggg time in our lives. And it's very doubtful that mishaps will happen after the loan is cleared
Have one property that you own atleast. It’s always a good hedge against circumstances in this country.
What are you earning for ? Is it concrete or something vague that one day you will need this amount or something? Is it more than you or your family needs?
Or are you just a sheep like me ?
What are you earning for ? To meet existing cost of living, have runway for 5+ years, medical emergency fund...
I’ll go first, getting that old PSP, the one which had WiFi in built. Or maybe PlayStation 2 which was like 5k-6k back then.
Now, I could get a PS5 or buy games to play on my PC, but the feeling is lost. Just like my childhood.
I g...
We all have certain dreams and aspirations. People work hard in order to achieve their dreams. But there’s often a dream of yours that you know , how hard you try , is not going to come true. Reasons can be plenty and does not matter.
I...
People say buying a house is emotional decision. And a lot of people do it because it is their long held dream.
While many might have been happier after buying house, are there others who might have regretted their decision? If yes, why...
I've got a package around 40 LPA with 4 yrs exp, with 1.8L as take home
Now, my parents are looking to buy a house at my home town (tier 2 city). It costs around 65L, so have to a loan of around 50L which will be around 65k EMI every mo...
