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79 sats \ 0 replies \ @Coinsreporter 28 Dec 2024 \ parent \ on: Is the Treasury Market ok? econ
In Indian cities, people working there usually buy flats instead of homes, they at the least, from my knowledge, cost around $25000. The repayment EMI costs around $250/month for 20 years.
Nit a big deal, right?
Houses also don't cost much more than this if bought in a very nearby suburb.
Where I live is a town at least 100 kms from a big metropolitan and I bought a piece of land (42×55 sq yard) in approax $25k 6 years ago. Currently its valued 4 times more because of the spread of residences around it.
For such reasons, I still believe that buying property in India is/can be an alternative to Bitcoin.
There's no house tax or insurance required for property in India is a big plus.