Here’s a typical situation: You live in a rented house. The amount that you spend on rent every month gets under your skin and you think you can buy a house if only you have enough to make a lump sum down payment. On the other hand though may be you are not old enough to think about retirement but you are nearing that age when saving for retirement becomes a major concern. So what do you do when faced by such a dilemma? Do you buy a house anyway or looking towards happier retired life save for retirement?Buying a house is always good investment whether for the present or the future. At present you get to save on your rent. If you have to move to another city after buying a house in a certain place you can gain by renting out the house. Another concept which is not very prevalent in India is that of reverse mortgage. In reverse mortgage you mortgage your home with the bank and throughout your lifetime you receive monthly installments. It is the reverse of a home loan where you pay the bank equated monthly installments for the loan you have taken. In the end of the tenure of the reverse mortgage the house is sold to settle the dues. (A reverse mortgage is not the best option if you want to leave the house for your children, something most Indians want to do and therefore this scheme will take some time to catch up in India).Sometimes we need to be clear about why you need a house. Seeing most of your peers buying a house may make you feel you need one of your own but your need will always be different from others and so whether you need to buy a house should not be an emotional decision or one forced by traditions.Investing in property is also seen as safer than investing in other financial options such as stocks and bonds. Also there are very few who actually grow rich after buying stocks or bonds because they only generate good returns when you are actively dealing with them. But buying a house is no more a question of ‘wanting’ to buy one anymore. Property prices in major Indian cities have appreciated 10 to 12% in 2012. To buy a home now you may not only have to forgo you retirement saving scheme but also forgo all other pleasures for quite some time. And this may just be for the down payment. After that there are the expenses for the EMIs and other maintenance costs. If you are ready to face all these challenges to own a house of your own then you should buy one.A retirement saving is something you will have to start planning for sooner or later especially if you work in the private sector. If you have enough savings to last you through your retired life then you will live a much more relaxed life post retirement. But can you have money that will last you forever? If not then here is where an investment like a house comes handy. And if your house is free from mortgage before you retire nothing can be better. But this really does not mean you should sink every bit of your earning in buying a house. It will be a better option to look for houses in cheaper areas so that while you save for a down payment you can also put a little aside for retirement and emergencies.In the end it all boils down to what gives you greater satisfaction. While marriage or having a baby can prompt many to own a house it is essentially a short term goal. Saving for retirement is a long term goal. If you can fulfill both by building a house that will give you happiness now and an income after retirement.займ на карту без отказов круглосуточновзять кредит онлайн