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Inflation is increasing the cost of living in India and China. A decent apartment (not luxury) will cost you min. $100K in any Indian city (even C and D tier c

Inflation is increasing the cost of living in India and China. A decent apartment (not luxury) will cost you min. $100K in any Indian city (even C and D tier cities) While not as expensive as Manhattan or London, relative to Indian salaries everything is getting expensive.

fakeer 13y ago
Agree. I'm looking for a flat to invest in and I am finding them out of reach, even after taking housing loan and they are running away from me a lot faster than I can catch up, besides, I've already started to pant :( (meaning the salary going to other holes in significant portions)
- areddy 13y ago
  I visited China for a week. I felt China's inflation is horrible. Everything costs 1.5 to 3x more when compared to India.
  - ankitml 13y ago
    wtf!! Dont attribute it to inflation, it is called "Cost of living index".
    - kaze 13y ago
      >wtf!! A bit of civility would help.
      - ankitml 13y ago
        sorry, i was just overwhelmed at this. I expected a bit more intelligence on HN. I apologize for the language!
- rgovind 13y ago
  I have myself bought a home in Hyderabad...And I am convinced that that it is useless. Only if you sell the home, you can make it a worth while investment. That too, in the order of 10% which is probably same as mutual funds...Plz do total cost of ownership before buying.
  - kamaal 13y ago
    Oh, you are in a trap. If you have taken a huge loan(>40 lacs) to for your apartment. Especially in India- Hyderabad or Bangalore doesn't matter. You are likely to spend the next 15 years worrying about EMI's.
    - ankitml 13y ago
      Living in reality, People dont marry if You dont have a house. For most people it is ok to get a loan and buy a house if they wish to start a family.