Comments on: i CAN afford it!

By: jey

jey — Thu, 18 Oct 2012 02:41:56 +0000

I did similar calculation like Sanjay with 15 % downpayment for 140 lac which is 21 lacs which this couple paid which at 29 years of age is damn good comparing my situation where at 13 lac gross still I cant manage this much of savings.

By: Sanjay

Sanjay — Wed, 17 Oct 2012 17:18:40 +0000

The couple has committed to a house worth of 7 years of gross salary. It means couple has put in around 2 years of gross salary as downpayment. Not bad at age of 30. I certainly did not have that much of saving at age 30.
I think the couple is saving decent percentage of their salary. For example, I can see couple is saving around (7 / 30) * 100 = 23.3 % of gross salary.
Anyways, you have to pay atleast 80 L for a house. That couple committed to 140 L for house which is big amount but not extraordinary.

By: pravin

pravin — Wed, 17 Oct 2012 10:41:23 +0000

^^ never mind jason zweig’s fawning article.the fact remains that keynes was the ultimate insider trader.he advocated dollar devaluation to FDR and once convinced that FDR was going to do it,loaded up on gold mining stocks.he went bust 3 times.he was a good trader especially because he was an insider. keynes and his ideas are as bad as his character which prompted him to write in the preface to the german edition of his ‘general theory’ that keynesian ideas are best suited for a totalitarian society.
i can understand why politicians love him -it is because his advice to them is “spend,print and spend if necessary”

By: aditya

aditya — Tue, 16 Oct 2012 18:56:08 +0000

@ Nikhil
you can read in keynes here:

http://online.wsj.com/article/SB10001424052702304177104577313810084976558.html

By: nikhil

nikhil — Tue, 16 Oct 2012 09:48:17 +0000

subra please throw some light on “keynes the investor” i hav heard somewhere that he was a brilliant investor…….!!!

By: subra

subra — Tue, 16 Oct 2012 09:01:31 +0000

Mira D:

Please spend on Gillette, ITC, Colgate, Tata Motors,…..etc. at least I know my dividends are protected

Pravin: Keynes is not the only economist whose theories cannot be copied blindly.

By: Surya

Surya — Tue, 16 Oct 2012 08:24:30 +0000

Indians want to live american life by sucking their parents dry financially and physically . Once that happens they’ll send them to retirement homes . High time for parents to realize do not sacrifice your entire life for children .

By: Mira D

Mira D — Tue, 16 Oct 2012 08:18:35 +0000

only partly joking.
to each his own.

By: pravin

pravin — Tue, 16 Oct 2012 08:01:32 +0000

^^ i am sure you are joking. spending doesnt make the economy grow -that line of thinking is keynesian dogma.only investment does. spending is consumption ie using up capital .ie not caring about future consumption aka prefering to ‘live for today’. it is a decivilizing force

By: Mira D

Mira D — Tue, 16 Oct 2012 07:13:19 +0000

This propensity to spend fuels the economy– pls spend!
So mean of me, I know.