Can We Truly Be Happy in Our Own Homes?

Written by Suresh Sadagopan

If one wants to avoid getting entangled in the emotional aspects of real estate investing & make financially sound decisions , it is imperative that these real estate myths be recognised & dismissed. In this info-bite, we will debunk a fondly held myth in respect of property investment.

We all buy a home, which we can afford. Many times, the home which we can afford is not the most suitable one for us to live. Hence, most people who buy a home, somehow adjust and stay in it, even though it is unsuited to their situation.

For others, they are able to buy a reasonably sized, comfortable home that will be good to live in. But, that home may not be in the neighbourhood they desire.

There is another category, who are able to buy the right home in the right locality and they are fully happy with it. But, they have paid such a huge amount and have taken massive loans for the purpose that, they are completely uptight on finances for years on end. There would be a problem, if there is any disruption in income. Any new goals or expenses can again cause problems for such people, atleast in the initial years. They have no wiggle room at all.

The last category is the one who are able to buy the right type of home where they want and have the money to comfortably buy the home ( with some loan, which is easily serviceable ). But this category is very small.

The people who are truly happy in their own homes is indeed quite small!