Most Indian financial advisors actively discourage their clients from buying homes-they rather that their clients invest in equity.
It is interesting to know what Warren Buffett said recently:
In Mr. Buffett’s opinion, if you are going to be settled, it’s a great idea to buy a home. If you know you are going to be there for 10 years, you should buy. His daughter is 61 years old and loves coming home as it represents continuity in life. He feels that this is a good time to buy a home, but he can’t imagine owning 10-12 homes.