Posted by: pire September 10, 2010
Login in to Rate this Post:
0
?
GT,
I don't think we disagreed on the 'no value' of a house as an investment, at least rightnow. But I want to buy a house, so that I can stay in a decent house when I am there (and I am there quite often every year which necessitated this thinking). And it seems to me that rather than buying a house , just renting it for the whole year would be cheaper in this environment. I may have given a wrong impression above, but I am not really trying to make money out of investment in the house, but I don't want to be a sucker who buys at the highest point and sees his investment evaporate. My friends in KTM basically think that the price are going down very soon, but I was wondering how others think in this forum. There were people here in sajha last year who were quite optimistic about land price perpetually going up.