People thinking of taking a Home loan, heres my take.
80% of people with debt i see here are of home loans.
Man who is pressuring you to buy that damn flat, imagine you wait for a few years and increase your DP how peaceful of a sleep it would be everynight.
I have made a financial rule for myself if i cannot pay 65-70% of the amount straight away as a Down payment without burning my pockets then i wont take it. I wont opt for any attractive % of loan.
Men are silently and emotionally pressurized by wives that they need a private space.
Dear men think about the stress that comes with taking a 20 year loan in this uncertain market.
I agree an own space gives a sense of ownership and a space for your kids and wife.
But if you are not mentally healthy and fit to take that 80% financed loan then give it some time, think more, its an uncertain market and people are losing jobs not because their skills are outdated because we are in a worst phase and money isn’t moving.
If you aint healthy or fit enough how are you going to take care of your family?