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Don’t let the broker fool you, make the correct decision!

I’ve always stayed on rent, something I’ve heard time and time again is why not just pay a little bit extra monthly and buy a house on EMI. Home loans are the cheapest loans you can get and they come with a slew of tax benefits. But what India fails to see is that your house keeps a significant portion of your wealth locked up.

Suppose you plan to buy a house worth 1 crore rupees, the rental yield is going to be 2-4% which gives a rental yield of 1.2 crores over a 20-year period. But this same 1 Crore invested for a return of just 10% you’d have made a return of over 5.7 crores in a period of 20 years.

And for those wondering what about the capital appreciation of the asset, India has shown a 6% capital appreciation for real estate. But this is affected by a lot of factors that are not within our hands, if you can find a home with a good capital appreciation your house can be a good investment. But the average Indian wouldn’t have the expertise to identify and purchase those properties.

Buying a home at an early stage of your life is a bad financial decision you will lose a lot on opportunity costs alone. Your early years are when you should be taking full advantage of investing flexibly to ensure optimal compounding of wealth.



#financewithsharan #homeloan #loan #loanofficer #realestate