Tag Archives: buying a house
Owning a house is one of the most important financial goals for the common man; and also one which requires a huge monetary commitment. Buying one’s first house for self occupation is regarded more as an asset than an investment made for capital appreciation or gains. But the sky rocketing real estate prices, especially in metro cities like Mumbai, Delhi and Bangalore have made investing in a property almost impossible. Here comes the dilemma- Whether one should still go ahead, take a huge loan, compromise on your lifestyle and cut down other expenses to service the sizeable monthly loan installment for almost their entire working life, or simply go in for the more affordable rental accommodation?