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Should I buy a flat on EMI for 25 years or continue paying ₹15,000 rent?

I’m currently living in a rented flat, paying Rs. 15,000 per month.

I recently got an offer to buy a flat. The EMI would roughly lock me in for 25 years.

Now I’m confused:

Renting feels lighter since I’m not tied down with debt.

Buying gives ownership, but 25 years of EMI feels like a huge commitment.

What would you suggest- should I keep renting or go ahead with the purchase?

submitted by /u/mickey-ai
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source https://www.reddit.com/r/RealEstate/comments/1mrr1xo/should_i_buy_a_flat_on_emi_for_25_years_or/
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