agar meri property ke saath bura hoga then i guess poori RE industry/investors/end users ke saath hoga.. i am not alone here..
as everybody else i suggesting.. i should be ok for now..
but will keep your points in minds though.. thanks..
agar kuch ulta hua to like NE people
bhelpuri khaayege halla machayege aur ek paisa kharcha nahi karege - saath saath flat to le kar rahege ''
The "6 yrs" suggested in my previous post is based on actuarial studies
I agree that should be the case for capping the loan limit, over and above should be the stress test as suggested in my post.
The reason is in uncertain times , there is a reasonable chance of a job loss and a potential RE crash. In either or both the case, it may not be able to sustain the loans even if capped to " 6 years".
what blessu is suggesting is to take a loan which is equal to 6 years of your salary as a cap. I am not sure if he meant 6 years without job.
I have suggested 2 years as in case of a major economic downturn also , it is reasonable to assume that economic cycles can come back in 2 years time frame.
always assuming that prices will only go up and not go down is the surest recipe for disaster. Just as not investing for years in the hope that prices will come down.
I prefer to have a conservative investment strategy which factors into account a reasonable chance for things to go wrong.
It also depends on your age , people in twenties will have different risk capability than people in their thirties .
Another factor is what is at stake for you . For instance the nearer are you to achieve the financial objectives that ensures your retirement , the more should be efforts towards capital preservation, as your stakes are high. But if you are at the intial stage where there is a huge gap between your goals and actuals then risk taking ability increases that much more .
So wether something is too conservative or too aggressive, depends a lot on some of the factors that i have detailed above.
hey guys indian economy is growing - don't put any of your money just play with bank's money - make sure you have no emotion attached to any movable / immovable property and till the sun is shining keep making hay once things go in another directions just mail the keys
who cares for cibil score just make sure you keep cash in an undisclosed place/asset and you would be fine