tag:blogger.com,1999:blog-28310409.post6702627649717744020..comments2024-03-29T10:03:47.176+05:30Comments on eNidhi India Travel Blog: Buying dream home- Really worth?- The untold complexities and realityShrinidhi Handehttp://www.blogger.com/profile/00875443161762278339noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-28310409.post-83774625277029633132017-12-02T06:08:29.826+05:302017-12-02T06:08:29.826+05:30Of course calculations can vary.. there is also in...Of course calculations can vary.. there is also interest from money not spent on buying- which should offset this. One can take a lease or negotiate with owner not to increase rent or move out to a cheaper alternative...Shrinidhi Handehttps://www.blogger.com/profile/00875443161762278339noreply@blogger.comtag:blogger.com,1999:blog-28310409.post-6157272530542400762017-11-27T11:03:01.140+05:302017-11-27T11:03:01.140+05:30If you calculate every year 5% raise then total yo...If you calculate every year 5% raise then total you would have paid end of 40 years is Rs.1.2 croreDhananjaya Murthynoreply@blogger.comtag:blogger.com,1999:blog-28310409.post-36387058486030871892017-11-26T07:14:58.563+05:302017-11-26T07:14:58.563+05:30Yes, I have added now a buffer for rental increase...Yes, I have added now a buffer for rental increase over time.Shrinidhi Handehttps://www.blogger.com/profile/00875443161762278339noreply@blogger.comtag:blogger.com,1999:blog-28310409.post-31691302925444037422017-11-26T07:14:23.716+05:302017-11-26T07:14:23.716+05:30Thanks SatishThanks SatishShrinidhi Handehttps://www.blogger.com/profile/00875443161762278339noreply@blogger.comtag:blogger.com,1999:blog-28310409.post-20366033361893864862017-11-25T11:56:18.042+05:302017-11-25T11:56:18.042+05:30I agree with Murthy, 15 years back, we were paying...I agree with Murthy, 15 years back, we were paying 3k per month, now for the same appt we are paying 15k. You need to consider time value of money and inflation - which is missing here.vigneshhttps://www.blogger.com/profile/02170221882374867792noreply@blogger.comtag:blogger.com,1999:blog-28310409.post-59331747710371087962017-11-25T09:08:56.665+05:302017-11-25T09:08:56.665+05:30With rental yields as low as 3% in big cities, it ...With rental yields as low as 3% in big cities, it makes sense to rent than own an expensive apartment,where you have additional stress of paying ypur EMIs which is much higher than rent what you pay for a normal house.I feel as a hedge against inflation , one can buy a plot in a upcoming locality or the place of their choice for retired life.When you retire you can have the choice of constructing the house as per your requirement or sell the plot at a good price & use the money to lease or rent a house.satishhttps://www.blogger.com/profile/02196350135541165843noreply@blogger.comtag:blogger.com,1999:blog-28310409.post-86112411240906378742017-11-24T19:00:33.289+05:302017-11-24T19:00:33.289+05:30Agree. Will factor a few more lakhs to that effect...Agree. Will factor a few more lakhs to that effect. But one can always shift to a cheaper place further away or downgrade from 2BHK to 1 BHK or opt for lease etc to save on rental.Shrinidhi Handehttps://www.blogger.com/profile/00875443161762278339noreply@blogger.comtag:blogger.com,1999:blog-28310409.post-23701153096825995912017-11-24T18:59:29.797+05:302017-11-24T18:59:29.797+05:30Thanks Ravishankar.. yes, peer pressure is applica...Thanks Ravishankar.. yes, peer pressure is applicable even in rented homes, so I didn't stress on that.Shrinidhi Handehttps://www.blogger.com/profile/00875443161762278339noreply@blogger.comtag:blogger.com,1999:blog-28310409.post-43412746213128211432017-11-24T16:27:27.457+05:302017-11-24T16:27:27.457+05:30It is more elaborate no doubt, what you have calcu...It is more elaborate no doubt, what you have calculated about rent is Rs.150000 for 12 months x 40 years Rs.72 lac. Which is not practical, rent can not be constant for next 40 years. it will increase by 5% every year, which is not factored in the calculation.Dhananjaya Murthynoreply@blogger.comtag:blogger.com,1999:blog-28310409.post-61126953600357035472017-11-24T08:21:18.269+05:302017-11-24T08:21:18.269+05:30There couldn't have been a more right time for...There couldn't have been a more right time for this article Anna. There's one more catch in buying a flat in a good locality from a very good builder with a fat loan. Once you start living there, you'll be part of elite community and your expenditures will go high just to be one among the co-residents there. Your children will long for the things that their peers possess. These all can add to already existing financial burden on you causing more stress. Choosing a right community as per your lifestyle is more important than just buying a big flat to show it off to people.<br />Sharing your article to many more.Ravihttps://www.blogger.com/profile/15087510901909792326noreply@blogger.com