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Buy first house now, go slow on the next

DNMUM418046 | 7/12/2018 | Author : Rishabh Parakh | WC :547

Money Sense FINANCIAL PLANNING
Personal Finance
Possessing a home is a dream for everyone. Purchasing a house is always considered an achievement and a step towards fiscal success. But it is not easy to buy a real estate property in India, where prices are often beyond reach and almost every buyer has to resort to taking home loan to fund their purchase. These factors often give rise to a debate of renting versus buying, which is better:
Buying your house gives you the ownership but subject to your financial standing,  whereas renting makes it easier to get a house in a good location even if you don’t possess enough purchasing power. Let us look at the various arguments for and against both buying and renting a house to find out which is better.
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