The obsession with real estate fascinates me. I know people who have bought houses for close twenty times their in-hand annual income! Also the practically universal belief that real estate prices will never fall because they have never fallen, which is like saying I will never die because I have never died before.
I also liked a line in that article which urges you to invest in experiences rather than possessions. On 9 April 2014 19:31, Biju Chacko <[email protected]> wrote: > On Wed, Apr 9, 2014 at 9:56 AM, Udhay Shankar N <[email protected]> wrote: > > Also, something is only an investment if there is a willingness to > > convert it into money, which does not typically seem to be the case. > > Heh. This is one reason I have not "invested" in gold despite all the > expectations from relatives that I do so. The other reason, of course, > is that I don't have any money. But the first reason plays better with > the aforementioned relatives. > > -- b > > -- b > > -- Narendra Shenoy http://narendrashenoy.blogspot.com
