Most homes are purchased for the purpose of living in them. Additionally, monthly rental income is less than a quarter of loan payments, assuming 80% of total is taken as loan, which is true in most cases.
Loan tenures are about 25 years, so most families take a home and pay the loans during their active service life.
About 10 or 15 years down the line, one or two floors are added to tge house, for rental purpose. Here too, rental is less than half of construction cost. Again, intent is for very long term appreciation of the asset, rather than a passive income source.
Loan tenures are about 25 years, so most families take a home and pay the loans during their active service life.
About 10 or 15 years down the line, one or two floors are added to tge house, for rental purpose. Here too, rental is less than half of construction cost. Again, intent is for very long term appreciation of the asset, rather than a passive income source.