home alone

When you sit and dream about the house you wish to own or possess one fine day in your life ( your first major investment--or should i say perceived investment)how does one feel?.This I say mainly because you borrow a loan upto 85-90% and the house is technically belonging to the bank till the time you repay the loan back with interest in about 15 years !!!.Now the notional benefit that real estate prices will go up and that you would get maybe 30%-100% returns or even more is only if you decide to sell it then and get you monies.But then where will you stay??True when you dream of owning a house, pay up your hard earned monies ,especially the interest that kills you in the first years and subsequently due to inflation etc in the next years as well you end up probably loosing the charm of owning one at least for 10 years plus.But having a shelter which is yours is a big relief as this life is a roller coaster ride and you don't know when you might hit the nadir.Now then it is prudent to invest and have something of your own that takes care of your peaceful sleep at nights.You then dream of the way you started hunting for the right place and then narrowed down to this dream location, then got the banks involved who were more than glad to take your autographs may be in 102 places which you willingly did( may be without reading the fine print) and started your emi schedules which drain you of your wallet but translate into bricks and mortar emerging from mother earth.This goes on till things take shape and you start to zero down on the date you want to step into this abode.What a feeling!!!Awesome to step into those square feet of vitrified tiles , surrounded by cement walls and adorned by the pastel shades waiting to be decked up by its new owner.You drown in the blissful surrounding oblivious of the noise made next door by the interior guy doing the neighbors house.Do i have the monies to do my house better than my neighbor?Do i borrow more money to do this up?I still go ahead and deck it up and stretch my self --mentally and financially.Everything that you get into that house ----depreciates!!When and if you decide to sell that it would fetch peanuts.The house after 15 years when you can possibly afford a bigger and better house you decide to sell this off and get another one but at what price?And think about the next 15 years you again don't own a house but live in one owned by the bank.What a cycle?where are my returns i wonder?