Sort by :
Filter by :
- Sonia-ji (as our unofficial PM might be addressed!),
To continue in your vein of counter-intuitive thinking (or as Charlie would say, "turning it on its head and thinking through") here is my view:
The problem with your argument is that you are applying logic to a purchase decision that has very little to do with logic.
For an average Indian buying property is very similar to entitlements is to an average American (meaning he is entitled by right of birth to a large car, a McMansion, job paying $50k, etc, etc - even if he is not willing to work for it).
One of their main goals in life is to "buy" a property as soon as possible - even if it is funded 95% by a bank and is in his/her name only nominally.
This thing is purely emotional. So, where does logic come in? :)