For many people, especially, in Real estate investments, returns are always in 2 digits and this over 30 years of time.
I have found it futile trying to tell them that this CANNOT BE SO.
So long ago I had asked for our Calculator King a.k.a Pattabiraman to make a Real Estate Return calculator.
The advantage in asking him to make a calculator is, it gets made in a few hours and he is there saying
Knock Knock …can you take a look? I did. It works. I am wondering HOW MANY OF MY READERS WANT TO USE IT – sheer inertia is scary!
So here is your homework, please use this calculator (honestly) taking the LAST TRADED PRICE (not the hoped for price) and see your returns over 1, 3, 5, 10, 30…years and tell me what are the numbers. Either feel MORE happy or be happy with this realty check. To thank me and Pattu, please donate money to a charity of YOUR CHOICE. Fair enough?
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