5 myths about home sweet homeownership.
Reasons for owning the house are the same throughout the world, the main reason being that you are committed to save and in India owning a house has a sentimental value.
But these values seem to be changing.My son , who is 29, had two reasons for not being interested in owning a house.One is that in the present market conditions, you can not predict how much is your take home pay is going to be is uncertain and instead of paying up mortgage amount monthly,when we pay rent we can have the satisfaction of that money being useful to a family, as one can not take home with him when he departs the world.Especially the second part appealed to me.
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