Quote:
Originally Posted by ssuresh83
People want huge salary , but do not want the price of the flat to increase!!
.The majority of the people's mind is to quickly finish paying the flat price. Please see the long term, 20 years might run very quickly,it will be a asset to your children, also if your children wants to study in other countries, then u have an asset to sell and get money back. otherwise you might end up getting personal loans.Dont worry MNC's wont go away, they cannot runaway from here, it may take another 10 yrs.It is best to buy an asset every 5 years.Always take responsibility and the hard path.
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What has increase in my salary to do with increasing of prices of an apartment? Why should I pay my increased salary to an uneducated filthy smelly scum of the earth called a builder? I get increased salary because I have superior brain that the builder. 20 years? And why are we not thinking about depreciation of the apartment? Or are you saying a 20 years old apartment would fetch the same price as a new one? Are you saying that it is easier to sell a 20 year old flat easily? How about analyzing in a more rational way? An EMI of 40K brings a rent of 10k (and you pay up 80L for an apartment worth 40L today) at the end of 20 years. If I purchase 20 gram gold per month, I would have 12x2x20=4.8kg of gold at the end of 20 years!