Since our childhood days our parents, neighbors and friends programmed our mind in such a way that we are in a firm belief that Real Estate can never depreciate and an ever appreciating investment. But this is not true …. Let me tell you a story ….. Suppose ABC is a place where no business was there, no job was getting generated. But one day one rich person came to that place and bought the property with 30 lakh Rs. Now what will happen? The other property owners also will try to sell the land with the same price or above… The rich guy had black money and paid in cash. After sometime in that place some business has grown up and people started getting good job and handsome salary. When these salary people went to land owners/builder to buy, they get afar high quotation of 50 lakh J … To fulfill their so called dreams these guys rush to bank and took loan and bought the house. Like this rat race started one after another joined the race of house buying …. Making builder an...
Personal Finance and Stock Investing Made Simpler