New Home Syndrome

The biggest expense in life is having an own house.How to get rid of "New Home Syndrome" ? How to make ourself not to get into that huge debt ?

Once we are taken that decision we will be paralyzed not to make any adventures in life we will bound to that debt.But having a home on loan is not asset it is the liability for next twenty years !

I assume like it's good to take a new house when the EMI what we need to pay is 100% more than the rent what we are paying now.What if we need to pay five times (some places more than that) the rent what we are paying right now ? Is it wise to get into debt ?

There is contrary to this "not acting fast will end up paying more from our pocket" it is like in 2004 one sq ft in velachery is Rs 1500 now it's close to Rs 4000 a huge bump in the price with no reason there is no development happened in terms of road,transport etc.I don't know why the hell the price is increased.We need to hope all this printing money will go bust and we will end up having a own house for affordable price.

Kiran

P.S But having our own house is exciting isn't it ;)