tag:blogger.com,1999:blog-31922975.post9088911976117705938..comments2023-10-26T12:59:48.087+05:30Comments on Simplifying Money Matters: Why NOT to buy a house - IUnknownnoreply@blogger.comBlogger13125tag:blogger.com,1999:blog-31922975.post-58581792734752773402012-10-01T22:06:34.261+05:302012-10-01T22:06:34.261+05:30Indian urban population is increasing .. so buying...Indian urban population is increasing .. so buying house is not bad idea at all...provided you have backup ... if you don't have backup, then buy piece of land...preethamnoreply@blogger.comtag:blogger.com,1999:blog-31922975.post-50705282428078341882012-09-25T07:11:42.976+05:302012-09-25T07:11:42.976+05:30Nice post bro! well put it. Going to read part-ii ...Nice post bro! well put it. Going to read part-ii now. good one.Ganeshhttp://sai-surya-talk.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-31922975.post-30868822916568005572011-04-16T17:32:18.237+05:302011-04-16T17:32:18.237+05:30Hi Jagoinvestor,
If the insurance money is suffic...Hi Jagoinvestor,<br /><br />If the insurance money is sufficient only for 2 years, wouldn't it mean that you were under-insured. Also house investment is not a alternative to insurance, and house is not a liquid asset with insurance money will go to bank leaving nothing to the family members.Khttps://www.blogger.com/profile/04259567451848722795noreply@blogger.comtag:blogger.com,1999:blog-31922975.post-54587876446491871182011-04-15T18:37:07.894+05:302011-04-15T18:37:07.894+05:30This post describe your way of looking at a life.
...This post describe your way of looking at a life.<br /><br />Following points i would like to summarize : <br />1. You said that, your children are not emotionally attached bla bla etc. Does that mean, suppose take an example, you owe a house in a metro city at loan of 40Lacs for tenure of 20 yrs, you covered it with insurance, and you died in a metro major accident, then does your family survive through this, no, atleast they do have a thing to stay throught their life (n definetely they still love you emotionally !!!) thats called "My HOME", on the other side , If you rented a flat, assume what happen to your family when you died -- Assume a policy money is not efficient after 2 years of your death..<br /><br />Jagoinvestor!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31922975.post-24568564129905147192011-01-22T21:24:28.774+05:302011-01-22T21:24:28.774+05:30Hi Xaja,
thanks for comments..the problem is not ...Hi Xaja,<br /><br />thanks for comments..the problem is not making an investment, the real problem is the risk involved. It is a misconception that investing in house is low-risk high return. There are so many people get cheated everyday and does not get the realworth of money they pay. Why there is market regulator for shares (SEBI), market regulator for insurance products (IRDA), regulator for banks (RBI) but none strong regulator for housing market?Khttps://www.blogger.com/profile/04259567451848722795noreply@blogger.comtag:blogger.com,1999:blog-31922975.post-52079302840686144532011-01-21T22:52:54.762+05:302011-01-21T22:52:54.762+05:30But investing such need isn't a bad idea after...But investing such need isn't a bad idea after all. Some people nowadays, buy/invest houses to be sold with high value in the future. <br /><br />Just like when I found one at <a href="http://propertysunshinecoast.net.au/" rel="nofollow">Property Sunshine Coast</a>, where everything was perfect! I am now planning to migrate there!xajahttps://www.blogger.com/profile/02822120387172058196noreply@blogger.comtag:blogger.com,1999:blog-31922975.post-30600968632124572142010-01-08T12:23:50.049+05:302010-01-08T12:23:50.049+05:30@PerSquareFeet, but you are not considering the em...@PerSquareFeet, but you are not considering the emotional aspects. You are doing a cold-blooded calculation... add the trauma and issues of buying a house and then try to compare...Khttps://www.blogger.com/profile/04259567451848722795noreply@blogger.comtag:blogger.com,1999:blog-31922975.post-49713316713706138732010-01-08T09:53:04.144+05:302010-01-08T09:53:04.144+05:30You also need to keep in mind that if you are not ...You also need to keep in mind that if you are not paying an EMI on a home loan, you are probably paying rent. <br /><br />From a financial perspective buying a house is always more profitable than paying rent in the long run. Here is a calculator that can help you compare the financial benefits of renting vs buying a house.<br /><br />http://www.persquarefeet.in/calculators/Buy_vs_Rent_Calculator.aspxPerSquareFeethttp://www.persquarefeet.innoreply@blogger.comtag:blogger.com,1999:blog-31922975.post-6628480543090309742008-09-07T22:54:00.000+05:302008-09-07T22:54:00.000+05:30RaagvamDatt, I dont agree with you generalization,...RaagvamDatt, I dont agree with you generalization, especially, <BR/><BR/><I>The price of house should always increase because:<BR/><BR/>1. population is always increasing. So, demand always rises.<BR/>2. Supply of land is finite and limited.<BR/>3. With rise in incomes, demand for good housing would only increase further from people moving up the chain.</I><BR/><BR/>If this is true, then why the prices are still stable in cities like Kanpur or Kolkata. The housing price will shoot up only because:<BR/>1) Some other industries are going up and people are migrating to that city.<BR/>2) Due to input prices (steel, cement etc)<BR/>3) If loans become cheap.<BR/><BR/>Most of the cities where real estate prices are going up are the ones where other industries like IT or Retail are growing up. So if at all the industrial trend is reversed, then the prices may not only stop going up, but can actually stop declining. There are lot of places in US where this is already happening.Khttps://www.blogger.com/profile/04259567451848722795noreply@blogger.comtag:blogger.com,1999:blog-31922975.post-13289912229434645502008-09-03T20:19:00.000+05:302008-09-03T20:19:00.000+05:30Excellent post!I don't think even buying in Pune o...Excellent post!<BR/><BR/>I don't think even buying in Pune or any emerging City(as by definition it is known to a common man as emerging it is expensive already!) makes sense. As Pune things are getting worser with infra not coping up with growth and prices are already touching sky with no sign of coming of down at least in near term.<BR/><BR/>cheers<BR/>Sandeep<BR/>http://spadhye.blogspot.comSandeephttps://www.blogger.com/profile/00922469979976886743noreply@blogger.comtag:blogger.com,1999:blog-31922975.post-25301643207598899232008-09-03T20:10:00.000+05:302008-09-03T20:10:00.000+05:30Hi,Buying or building a house definitely means you...Hi,<BR/><BR/>Buying or building a house definitely means you are building an asset.<BR/><BR/>I disagree with your conclusion that if you are not staying in a house, it is not an asset.<BR/><BR/>An asset is something that has a residual financial value. Thus, shares are assets, even if you can not "use" them for anything!<BR/><BR/>Similarly, a house is an asset.<BR/><BR/>And it is a great asset, because its price would always increase in the long term. Here are the reasons:<BR/><BR/>1. population is always increasing. So, demand always rises.<BR/><BR/>2. Supply of land is finite and limited.<BR/><BR/>3. With rise in incomes, demand for good housing would only increase further from people moving up the chain.<BR/><BR/>Thus, purchase of a house is purchase of an appreciating asset.<BR/><BR/>I have some more thoughts on it on my website. You can see them at:<BR/><BR/><A HREF="http://www.raagvamdatt.com/Article96.html" REL="nofollow">"Settle" early in life - buy a home when young</A><BR/><BR/><A HREF="http://www.raagvamdatt.com/Article119.html" REL="nofollow">Real Estate Investment</A><BR/><BR/>I would love to see comments from you if you agree or disagree with me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31922975.post-39081421814631246042008-08-25T15:49:00.000+05:302008-08-25T15:49:00.000+05:30I share the same thought as yours. Well written ar...I share the same thought as yours. Well written article.<BR/><BR/>No one becomes rich by following the masses. If everyone is buying a house, better stay away from that activitiy...!!Ideasmoneyhttps://www.blogger.com/profile/09867543349174521418noreply@blogger.comtag:blogger.com,1999:blog-31922975.post-12246458769436998132008-08-24T17:50:00.000+05:302008-08-24T17:50:00.000+05:30Nice Post !!Your post lists all the valid points f...Nice Post !!<BR/><BR/>Your post lists all the valid points for "Buying a house after taking homeloan at very high interest rate". But one point is missed - taking a house a investment and selling it after making decent profit and in process accumulating some fund. <BR/>Consider the case of old people ,whose children,for somereason OR childless people, can not take care of their ailing parents -- these house investments serve as great investment and survival money-pots --sell a house and live on the interest of that money OR simply put the house on rent. I believe that ,for people who are not in pensionable job, buying a right house (investment in property) is good deal...Long live is ahead and to survive,we need money.Jyoti Dhamijahttps://www.blogger.com/profile/07832135588619905521noreply@blogger.com