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This is why I was forced to buy a home, in India. Two months into new rental place the landlord casually said he's going to sell the place and that I will have
by vishnugupta 12y ago
This is why I was forced to buy a home, in India. Two months into new rental place the landlord casually said he's going to sell the place and that I will have to abide by whatever the new owner says, worst case being vacate the place with 2 months notice that had taken us a good one month to find and settle into.
BTW, this isn't an isolated incidence. If you are renting a house in India, you will most like be subjected to the vagaries of land lord.
In the end it all turned out to be good. Now I own my house, decent mortgage and I get tax benefit as well. The net outflow (considering savings on rent and tax benefits) is very much manageable.
In India, if you can afford it, then the decision is fairly straightforward. Buy!