With this very well managed campaign of economy coming out of recession and situation improving, many of you must have started home search and few of them may have even bought thinking yet another lifetime, now or never opportunity of real estate.
Undoubtedly, economy going down and rate of fall has been slowed down but it doesn't mean it is heading towards another boom. Many commercial media houses (ET,PT, TOI blah blah) may be shouting aloud but it’s simply because of economy of revenue from these plays (Builders, promoters etc) and nothing else!
If you are much worried that you will miss another tide or a bus, then I would suggest to think over about fundamental notion of Buying vs. renting. Is the artificial rate rise giving you sleepless nights? Take a time to see couple of videos (links below) and do simple math yourselves and you will surprised to know how the nexus of banks/builders is trapping middle class and how much we end up BURNING hard earned, after tax money. I understand the sense of joy, pride and accomplishment after owning the home , but hey - is that the only single most important thing you wants to achieve and expect in life? I can go on and on but i'm sure these couple of videos will give meaningful insights.
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