Think Different

                                                   image gnerated by metaai Say you are staying in rent and want to get a clear idea to decide whether to buy a similar home/apartment or stay in rent. We are going to do the in depth financial analysis with all the areas covered practically with future values as well. If you buy the property, you no longer need to pay rent, which is increasing at 8% per year. This is a significant factor to consider, as rising rent costs can make renting more expensive over time. Let’s revisit the analysis by incorporating the increasing rent cost and compare it with the cost of buying. 1. Rent Increase: Rent increases at 8% per year.  — Starting rent: ₹15,000 per month. 2. Buying Costs:  — Property price: ₹65,00,000.  — Down payment: ₹13,00,000 (20% of property price).  — Loan amount: ₹52,00,000.  — Mortga...