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Saturday, June 30, 2007

Who is responsible for unaffordable houses?

More than rising prices, it's the hike in EMIs that could end up making houses unaffordable. House prices rose faster than incomes, and interest rates shot up even faster.the equated monthly installment (EMI) he's required to pay has shot up from 42% of monthly income to over 67%

read more | digg story
Posted by Ravi Karandeekar at Saturday, June 30, 2007

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