Content pfp
Content
@
0 reply
0 recast
0 reaction

Vik pfp
Vik
@vikceo
Buying home has always been a matter of debate as a smart investment. I personally would advise delaying that as much as possible. Key reasons 1. You end up dumping all or majority of your savings into it and hence nothing left to grow it. 2. A primary home no matter how much it appreciates in market value, cannot be traded as easy as any other asset due to factors like emotional attachment to it. 3. Most of the people calculates the cost of acquisition such as down payment and monthly EMIs. It actually comes with a lot more maintenance cost for furnishing it to your taste, not able to ignore minor issue that you will otherwise in a rental. Ultimately if you think from the perspective of opportunity cost of growing the money otherwise, it’s not really an investment in 99% of the situations.
0 reply
0 recast
0 reaction