{"id":15,"date":"2009-07-12T05:07:00","date_gmt":"2009-07-11T23:37:00","guid":{"rendered":"http:\/\/www.baahulya.com\/pvvraju\/?p=15"},"modified":"2012-01-02T23:24:36","modified_gmt":"2012-01-02T17:54:36","slug":"owning-a-house","status":"publish","type":"post","link":"http:\/\/www.baahulya.com\/pvvraju\/?p=15","title":{"rendered":"Owning a House"},"content":{"rendered":"

When i went to US in 2006, One of my colleague convinced me, that i should seriously think of buying a house. Once i came back, it happened that i saw a online ad about a Flat in miyapur and started inquiring about it. I went to see the same at around 7 pm or so and some how i just liked it. May be this is called ” Love at First sight” :-).<\/p>\n

When i told my dad about it, he was very happy that i atleast started seriously thinking of some investement :-). Till then, he used to complain about how i am spending all my salary. When he saw the flat, he was not really convinced about my selection. Though we did look at different Flats in that area, I pushed hard saying that i liked the first one. He reluctantly agreed…<\/p>\n

Then the process started paying advance, applying loan, doc verification etc….. With the Financial assistance of Mr P R K Raju ( my father ) and KV Kamath ( ya, the ICICI one), i got it registered on 30th Dec 2006.<\/p>\n

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After that, I used to feel elated, when ever some one say that ” Good man, you bought a house at a young age”. My actual EMI started from May and from then i started understanding the other meaning of above comments \ud83d\ude09 . <\/div>\n
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When i took the loan, the interest was 9% and then it went up to 13%. Initially the term is 240 months which went on to become 440 months with a raise in EMI upto 4K, this scared the hell out of me. I tried to understand the EMI calculation etc and was surprised to know that we end up repaying 4-5 times the amount that we take as loan. <\/div>\n
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Now i am desperatly looking at all options to decrease the amount that is to be repayed. <\/div>\n
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I realised that when we plan to own a House, it’s not just the house we own but also the Loan \ud83d\ude42 <\/div>\n
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When i went to US in 2006, One of my colleague convinced me, that i should seriously think of buying a house. Once i came back, it happened that i saw a online ad about a Flat in miyapur and … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/www.baahulya.com\/pvvraju\/index.php?rest_route=\/wp\/v2\/posts\/15"}],"collection":[{"href":"http:\/\/www.baahulya.com\/pvvraju\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.baahulya.com\/pvvraju\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.baahulya.com\/pvvraju\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.baahulya.com\/pvvraju\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15"}],"version-history":[{"count":1,"href":"http:\/\/www.baahulya.com\/pvvraju\/index.php?rest_route=\/wp\/v2\/posts\/15\/revisions"}],"predecessor-version":[{"id":157,"href":"http:\/\/www.baahulya.com\/pvvraju\/index.php?rest_route=\/wp\/v2\/posts\/15\/revisions\/157"}],"wp:attachment":[{"href":"http:\/\/www.baahulya.com\/pvvraju\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.baahulya.com\/pvvraju\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.baahulya.com\/pvvraju\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}