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How EMIs destroy your dreams!

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Nitin Ingale
By Indian
by Nitin Ingale on Dec 02, 2014 12:36 AM

I would suggest consider EMI as a one more alternative with low priority and don't ruin your life for it.

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ranjit desai
EMI is your sip
by ranjit desai on Nov 30, 2014 01:31 PM

If you buy home on EMI and home prices rise 15% p.a. then it makes sense.EMI for investments are welcome.You can dispose of in case of some difficulty.Problems are for those who are paying EMI for consumption. Take EMI in your young days use them wisely nobody is going to give you a Loan in your fifties.

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ramachandran povira
How EMIs destroy your dreams.
by ramachandran povira on Nov 30, 2014 12:58 PM

Hi Abhishek,

As long as you are not going to marry and have kids, your view points are OK. But once you marry and have kids your first priority should be stability. Having a regular source of income and owning a house are the things one needs to support a family. Changing homes every eleven months is not a funny thing. And for most of us owning a house itself is the dream.

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shreyan ml
Good thought .. but missing a point
by shreyan ml on Nov 30, 2014 11:39 AM

life's doesnt end by finishing MBA and starting up .. you will/may be get married and may be some years later have kids .. An asset called home cannot be done away with .. you child's growing years need stability .. While we might or might not get the marginal happiness, but you definitely get marginal relief from some of the life's responsibilities.

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Another fact to add...
by indian on Nov 29, 2014 11:39 AM

In one of the article it was mentioned builder primarily opt for residential apartment rather than commercial. The reason pointed out was.

1. Residential apartment can be sold much ahead of time even before completion of the project (the wait time can even be 5 yrs are so). This is not possible for commercial property.

2. The return per sq feet area is approx 3 times higher for residential apartment compared to commercial....

So this well, before funding real estate investment.

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Sori Muthu
good one
by Sori Muthu on Nov 29, 2014 04:22 AM

I had H1b visa but couldn't go to US just because till the time i get settled I didn't have enough money to pay EMI. I was also afraid what I don't succeed in US, How will I pay the EMI. All these worries had kept me with the same company for many years. Only when I paid all the EMIs, I took the risk of going to US. Now I am in much better position just because I got rid of the EMI.

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Ravi Chawla
Banksters are coming
by Ravi Chawla on Nov 26, 2014 07:14 PM

Big banksters are coming to get ya......yeh, they have bankrupted the west already, now it is our turn! We have a snake inside India........a Nobel winner who also happens to be damaat of Rothschild

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Deepak Suryawanshi
Wish I had read this when I was 22
by Deepak Suryawanshi on Nov 26, 2014 07:14 PM

I salute the Author's thought process. Today I am just another average Joe because no one gave me this advise when I was young.

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How EMIs destroy your dreams!
by Gopal on Nov 25, 2014 10:17 PM

Different thought process - excellent!!

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