let’s take a scenario – you have been working abroad ( say usa ) for six years and have come back with a decent amount of cash .

should you buy your parents a home ?

the answer is a resounding yes.

the reason . real estate appreciates slowly , let’s say 10 percent per year .

  • which means the price will double in 72 / 10 = 7 years
  • it will double again ( now four times the buying price ) in another 7 years
  • it will double again ( now eight times the buying price ) in another 7 years
  • so , in 21 years , the price has gone up 8 times your buying price

for simplicity sake , we have excluded the property taxes and the maintenance to be paid per month ..

FavoriteLoadingAdd to favorites