Rafal ji - pls guide

[Guest guest]

Dear Sirs,

 

I am sorry for again bothering you and writing for

help on this forum. I was in a dilemma for a long time

and hence thought will take help from people who are

knowledgeable.

 

I will tell you that last 3 years I am living with my

whole family in Bangalore and living in a rented

house. May father also shifted last here permanenetly

as he found some small time business. My 2 sisters are

there and mother is no longer in this world.

 

After demise of mother my father wanted to change

house as it was a bit far from his shop and we found

rental apartments close to his shop then the rentals

are very high. Also, we have been thinking of buying a

flat but as i dont have enough cash for down payment

etc i was not able to decide. Pls guide us now :

 

1. When I'll be able to buy a flat?

 

2. Is this the right time?

 

3. I have hinted my father to help with downpayment

and I can take care of Loan EMI part. But I think he

is also not having enough.

 

4. Should we move into another rented apartment of

higher rent?

 

5. Even if we plan to buy then it can be far from

father shop as near to his shop houses are not

afordable.

 

What should we do? pls guide us keeping long term view

in mind considering whether we weill be able to settle

etc.

 

My wife is also earning but not much and I dont think I should take a

joint loan. Also, my father lives with me and my 2 sisters but i want

to buy to take a better house on rent only if my pocket allows.

 

Pls guide me gurujis.

 

Thanks & Regards,

 

JIM

 

10th July 1978

19.31

Maunath Bhanjan ( 25.57n, 83.33E)

 

wife

 

7th March 1982

9.40am

Kalyan