One of the main problems with real estate is that real estate limits mobility. Make sure you know with high certainty that you will be there for at least five years because transaction costs are still egregiously high at 5-6% of selling price.
Note: In India, it could be even higher, about 10%, if you consider approx 8% registration charges and 2% brokerage.
See more at: http://www.financialsamurai.com/the-best-way-to-get-rich-turn-funny-money-into-real-assets/?curator=alphaideas&utm_source=alphaideas#sthash.pQycuqgk.dpuf
Note: In India, it could be even higher, about 10%, if you consider approx 8% registration charges and 2% brokerage.
See more at: http://www.financialsamurai.com/the-best-way-to-get-rich-turn-funny-money-into-real-assets/?curator=alphaideas&utm_source=alphaideas#sthash.pQycuqgk.dpuf
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