I know too many posts for today but this will be the last one...

This post is on the concept of money management. A 3bdrm flat in Ashoknagar costs 65L. The same flat can be rented for 12K per month. I'm struggling to convey to my father why one should rent that flat rather than buy it. But I guess the concept of owning a property and the thought that property prices will always go up has been ingrained in people psyche (and this is not just in India but also in good old USA) that people want to buy it inspite of cold money management logic advising against it. God only knows where this real estate bubble is going to land people in India.