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Follow on Google News | Real issue is overpriced realty- EMI is big headacheOur home loan EMIs are unaffordable not because interest rates have suddenly gone up (they have, but that’s not the main reason), but because the properties we bought were bought at inflated prices.
The question to ask is not why are rates so high, but why are property prices unaffordable? In fact, high interest rates are forcing builders to lower prices and inventories of unsold properties. Despite the short-term pain of higher EMIs, the only way to hurt the land sharks is to reduce demand for property. It is also good for people if they don’t splurge on property they cannot afford. The people who are hurting with higher EMIs probably bought properties they couldn’t afford on the assumption that rates will keep falling or that incomes will keep rising. This is the bitter lesson of the last decade of high loan growth. Calculate your emi of home, personal and car loans with emi calculator online. http://www.deal4loans.com/ Next, let’s look at oil prices. Mamata Banerjee has raised a shindig because she was not “consulted” Even so, petrol users are asking why have petrol prices been raised so often, when international oil prices are stable or falling? It is the right question, but does not go deep enough. The surface answer is the rupee has depreciated. # # # Deal4loans.com is a completely independent Loan comparison service and our directory of lenders gives you all the information you need about the online loan companies you are considering and what they offer. End
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