These past couple of months, the wife's been talking only one thing - invest in real estate. And she's not alone, with backing from both sets of parents. We already have a flat, and are currently paying the EMI for the loan for it. Currently, we are...
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These past couple of months, the wife's been talking only one thing - invest in real estate. And she's not alone, with backing from both sets of parents. We already have a flat, and are currently paying the EMI for the loan for it. Currently, we are looking at 3-4 opportunities, and she actually wants us to invest in two of them!All of them have the firm belief that in real estate, one never loses. This belief, along with the same belief for gold, seems totally unshakeable and firm. It seems to be etched in stone, with metal cast into the etching, and a force field put around the whole thing. All efforts to show them the other side seem meaningless. But there ARE a lot of arguments against investing too heavily in real estate. Here are a few, in random order: * Real estate doesn't have a secular upwards trend. This rediff.com article mentions some previous crises in UK and US. But why look outside - we have had bubbles in our metros as well - I've seen one in Delhi around the year... See less 
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