Dharni…I bought this house for Rs. 42 lakhs about 8 years ago now it is worth Rs. 80 lakhs…It has almost doubled. So Dharni using your Rule of 72…I have got a 9% return..this is fantastic is it not? In… Read more
Category: Real Estate
A regulator is like Traffic Police
The role of a regulator is more like a traffic policeman rather than like an investigative policeman. The traffic police makes rules: – only persons above 18 should drive – a 2 wheeler rider and his pillion should wear a… Read more
Real estate prices are holding up the recovery?
Every business has to have an office. Preferably in Mumbai or New Delhi. This could of course be rented, but many of them prefer to buy it. They need CAs, advertising agencies, car hire companies, and zillions of other service… Read more
Creating Income and Wealth…
Subra one does not know whether I will pop off at 45 or like A K Hangal at the age of 98. So in order to live peacefully, I need to create a serious amount of income and wealth. –… Read more
Should I pay off my housing loan? or invest the money?
I have handled this question many times, and have come out with similar answers. However here are some questions which are IRRELEVANT …. 1. How much has the house appreciated by: Many people write in to say ‘I paid Rs…. Read more
Rational reasons for real estate prices to be high…..
If you believe that all bubbles are created by RATIONAL reasons and causes taken to IRRATIONAL HEIGHTS, welcome to the post. Is Mumbai real estate terribly high and unaffordable? Yes. Let us come to some RATIONAL reasons why people buy:… Read more
Payoff Mortgage or Invest….continued
Let us take a real life case and see what is to be done when you have a lump-sum amount. Should you repay the loan amount or should you Invest that money? The sad part is YOU need to take… Read more
Using Home Equity as Retirement Plan
With real estate in a boom over the past few years, one thought that crosses peoples mind is to use ‘Home Equity’ as a Retirement Plan. Good idea? Feels so. At least at this juncture, however like all assets it… Read more
Risk: Goes on leave once in a while…
n 2003 a young MBA joined a big bank…..and when he joined there was a big cabin which was kept vacant. When he asked he was told ‘Mr. Risk’ sits there, he has gone on leave. The whole of 2003… Read more
So you want to buy a house?
Now that people have postponed their foreign trips, they all want to buy a house…. Let us see if you can afford a house:. – can you afford to pay at least 40% of the cost of the house as… Read more