Engineer's Finance

A house is one of the most vital investments. Some of them argue as it is one of the biggest liability and others claim as it is an asset. According to me, it is just a place to live your life. I don’t consider it as a liability or an asset. Since it is both a liability and as well as an asset. In India, we generally get the house from our forefathers. The house is generally passed on from one generation to the other and we really don’t think much about buying a house to live in. If at all we do then it is only the lower middle class people who are in the pursuit of becoming upper middle class or rich buy a house now to live in.  If you belong to the upper middle class or rich then I am sure you would be having a house by now. That is because your father or his father would have made sure about your needs. Continue reading →