There is a school of thought that states you should buy a home as soon as you can afford it, or as soon as your home loan application is approved. In fact, the only question one tends to ask in context with home buying is whether property prices and interest rates are amenable at that point in time or not. On the surface, this makes sense.
However, not all surfaces are reliable mirrors. From an investment point of view, buying a house is often likened to buying gold and putting it in the bank. That is true to some extent. Investments in real estate, historically , have given very good returns, if held for a long period. In other words, buying property today does make a certain amount of financial sense. Buying a house means security, and security is important to any family of any generation.
However, not all surfaces are reliable mirrors. From an investment point of view, buying a house is often likened to buying gold and putting it in the bank. That is true to some extent. Investments in real estate, historically , have given very good returns, if held for a long period. In other words, buying property today does make a certain amount of financial sense. Buying a house means security, and security is important to any family of any generation.
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